BB, Probashi Kallyan Bank in disagreement
Bangladesh Bank and the state-run Probashi Kallyan Bank have taken opposite stance on the latter’s proposal to allow it to go for commercial banking in limited scale. The PKB, a bank set up for expatriates’ welfare, has made... Full storyInvestment policy to be finalised by June
The industries ministry is going to finalise a comprehensive investment policy by June in order to attract more foreign direct investment and increase internal investment in the country, said officials concerned. Full storyRepeated fuel price hike, political instability to hit GDP growth: DCCI
Stocks gain amid falling turnover
Dhaka stocks edged up last week, after two weeks of losses, amid falling turnover as the institutional investors became active lately to halt the market plunge. DGEN, the benchmark general index of Dhaka Stock Exchange, gained 0.82 per cent, or 34.074 points... Full storyZaheer to be acting WB country director
Salman Zaheer, cooperation director of the World Bank’s South Asian Region, will become the acting country director for Bangladesh, said a WB press release on Saturday. Zaheer, an India citizen, will take up his new assignment... Full storyInternet service to be disrupted for 4 days
The country’s internet connectivity might be disrupted for four days from today due to maintenance operation in the submarine cable that connects Bangladesh to the international internet getaway, apprehended internet... Full storyUS probes shrimp subsidies in 7 countries
The United States launched an investigation Friday into alleged subsidies of more than $4 billion worth of shrimp exports by seven top global producers that could lead to new import duties. Full storyCanada, EU close to free trade pact
Canada and the European Union may be mere weeks away from signing a free trade pact that would be this country’s largest, a German envoy told Canadian media Friday. In diplomatic circles in Ottawa, it was confirmed that... Full storyBrazil auto workers, GM fail to agree on job cuts
Brazilian auto workers on Friday failed to talk General Motors out of cutting 1,598 jobs as the two sides agreed to meet again next week, the union said. The talks began earlier in the day after a two-hour morning stoppage by... Full storyGeneral Electric bullish on 2013
US industrial giant General Electric Friday closed out 2012 with a better-than-expected quarter and offered a bullish outlook for 2013. The US conglomerate said fourth-quarter operating earnings, the number... Full storyS&P hits 5-year high as markets score weekly gain
Commodity prices gain on upbeat data
Commodity prices mostly rose last week, with oil prices supported by the Algeria hostage drama, while metals won support from positive Chinese and US economic data. Crude futures rose, supported by unrest... Full storySquare Pharmaceuticals Limited.
SQUARE Pharmaceuticals Limited is the largest pharmaceutical company in Bangladesh and it has been continuously in the 1st position among all national and multinational companies since 1985. Full storyMyanmar to unveil reforms to attract investment
Eurozone to tackle thorny question of aid for banks
Eurozone finance ministers will discuss on Monday which banks could be given direct aid from the bloc’s bailout fund, embarking on a divisive debate that includes doubts about whether such a step should be taken. Full storySamsung, Apple pulling ahead in smartphone race: poll
HSBC to pay $249m to end foreclosure reviews
The US arm of HSBC Holdings Plc agreed to pay $249 million to end a case-by-case review of past home foreclosures in the United States, bringing the total payout by banks to resolve related issues to $9.3 billion. Full storyIslamic Finance gets new chairman
