• 3 deals on 10 wells with Gazprom today
  • Bye bye Barcelona
  • Fuel crisis hampers operation of generators at DWASA pumps
  • Lawmen fail to find Elias as yet, Sahara tells PM
  • ACC quizzes Mridha’s driver
  • IMF releases $141m instalment of ECF
  • North Bengal pala genre staged
  • Messi tastes rare failure at crucial moment
  • Implementation of noise control rules demanded
  • Banks asked to freeze accounts of 5 Destiny directors
  • World Malaria Day observed
  • IMF projects 5.5pc GDP growth
  • State-run factory workers’ wages to come under legal framework
  • A file photo shows a drilling rig at work at a gas field. Three Petrobangla subsidiaries today sign agreements involving $193.5 million with the Russian state-run gas corporation Gazprom International for drilling 10 wells in different gas fields in the country. — Bapex photo

  • Dhaka Stock Exchange president Rakibur Rahman speaks at a news briefing at DSE building in Dhaka on Wednesday. — New Age photo

  • Farmers hold an anti-TPP rally in Tokyo on Wednesday. — AFP photo

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3 deals on 10 wells with Gazprom today

A file photo shows a drilling rig at work at a gas field. Three Petrobangla subsidiaries today sign agreements involving $193.5 million with the Russian state-run gas corporation Gazprom International for drilling 10 wells in different gas fields in the country. — Bapex photo
Three Petrobangla subsidiaries today sign agreements involving $193.5 million with the Russian state-run gas corporation Gazprom International for drilling 10 wells in gas fields, officials said. They said that Bangladesh Gas Fields Company Limited, Sylhet Gas Fields... Full story

IMF releases $141m instalment of ECF

International Monetary Fund on Wednesday released the first instalment of $141 million of around $1 billion loan sanctioned for Bangladesh under its Extended Credit Facility. A senior official of the... Full story

Dhaka stocks plunge on fear over intensified political instability

Dhaka stocks fell sharply on Wednesday amid lower turnover as many of the investors went for sell-offs fearing intensified political instability in the coming days. The International Monetary Fund’s projection... Full story

Britain back in recession

Britain’s economy sank back into recession in the first quarter, when it contracted by 0.2 per cent amid ongoing state austerity and the eurozone debt crisis, official data showed on Wednesday. Full story

DSE demands special income tax waiver for investors

Dhaka Stock Exchange president Rakibur Rahman speaks at a news briefing at DSE building in Dhaka on Wednesday. — New Age photo
The Dhaka Stock Exchange on Wednesday demanded that any share market investor with a minimum annual income of Tk 10 lakh and Tk 50,000 investment in the market should get income tax waiver... Full story

BB asks bank to cut consumer loans

The Bangladesh Bank on Wednesday asked all scheduled banks to cut down consumer loans to ensure credit flow in the productive sectors. The central bank gave the order in a circular issued to the managing... Full story

DSE online trading from June 10

The Dhaka Stock Exchange on Wednesday announced to launch internet trading system from June 10 after missing three earlier deadlines. The new internet-based trading software MSA Plus would... Full story

Euro inches higher in Asian trade

The euro inched higher in Asian trade Wednesday as traders watched for signs of monetary easing from the US Federal Reserve after its policy meeting wraps up later in the day. Full story

Crude advances in Asia on supply concerns

Oil prices rose in Asian trade Wednesday, buoyed by a shutdown of Britain’s largest oil field as well as talk of war in the crude-producing Sudanese region, analysts said. New York’s main contract, light sweet... Full story

Germany says to skip recession in 2012

Germany will dodge recession in 2012 despite the eurozone debt crisis and should double its growth rate next year, the government said Wednesday, unveiling new forecasts for Europe’s top economy. Full story

Thousands in Japan protest at Asia-Pacific trade pact

Farmers hold an anti-TPP rally in Tokyo on Wednesday. — AFP photo
Thousands of farmers rallied in Tokyo Wednesday against a Pacific-wide free trade pact as prime minister Yoshihiko Noda’s prepares for a visit to the United States. Noda had reportedly been looking to announce Japan would become a full-fledged participant in... Full story

S&P downgrades India outlook to negative

Standard & Poor’s on Wednesday downgraded India’s credit outlook to negative as a weakening economy and gaping fiscal deficit put the country’s prized investment-grade rating at risk. Full story

Pubali Bank re-elects chairman, vice-chairman

Hafiz Ahmed Mazumder has recently been unanimously re-elected chairman and Habibur Rahman re-elected vice-chairman of the board of directors of Pubali Bank in its 873rd board meeting held after the... Full story

ECB chief throws crisis ball back to govts

European Central Bank president Mario Draghi gave no indication on Wednesday that the ECB was poised to provide more support for banks or governments but also said the time was not right to consider rolling... Full story


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