Country’s capital bourse, Dhaka Stock Exchange (DSE) closed yesterday’s trading sessions with a downbeat, as investors remained cautious for lack of confidence for the fluctuation of indexes. So many investors showed movement to liquidate their holding from telecom, bank, textile, financial…

Walton, a local electronics brand, started exporting compressors of refrigerators to Iraq. Walton authorities also hoped to expand their business to other…

Finance Minister AHM Mustafa Kamal yesterday said the government has started giving 2 per cent cash incentive on money remitted by expatriate Bangladeshis to remove the burden of increased expenses in sending remittances and to encourage bringing in remittance through legal channels. “In the national…

Export-import activities between Bangladesh and India through the Benapole land port remained suspended since yesterday morning. Katrik Chakraborty, general secretary of Petrapol Port Staff Welfare Association, said India is celebrating the 150th birth anniversary of Mahatma Gandhi. This is why trade…

Asian markets sank yesterday following a worse-than-expected reading of US factory activity that revived worries about the impact of the trade war on…

Mastercard, Visa and other financial partners being enlisted to oversee Facebook-backed cryptocurrency Libra are having second thoughts as regulators unleash ire on the project, according to a report Tuesday. A Libra Association created by Facebook to independently manage the digital money still had…

The World Trade Organization has slashed its forecast for trade growth this year by more than half, warning the slowdown could hit living standards and…

The recession in US manufacturing worsened last month as plunging global demand and trade frictions drove activity to its lowest point since the Great Recession, according to an industry survey released Tuesday. The unexpected drop in the Institute for Supply Management’s closely-watched index…

General Motors (GM) has laid off 6,000 workers in Mexico temporarily due to a US labor strike that has disrupted production at two plants south of the border that make pickup trucks, the company said Tuesday. The layoffs affect the Silao assembly and transmission plants in central Mexico, where work…

Swiss food giant Nestle said yesterday it has finalised the sale of its skincare business to a group led by Swedish private equity firm EQT and the Abu Dhabi Investment Authority. The purchase price for Nestle Skin Health was 10.2 billion Swiss francs (9.4 billion euros, $10.2 billion), the group said…

Britain’s biggest retailer Tesco said yesterday that CEO Dave Lewis will step down next year, after declaring his mission “complete” to turn around the group’s fortunes. Lewis, who has axed thousands of jobs in a radical overhaul of the supermarket chain since arriving five years…