Defaulted loans in the industrial sector increased by 51.55 per cent in the first quarter of this fiscal year from that of the same period of the FY 2012-13.
According to the BB data, the defaulted industrial loans... Full story
The price of onion hit Tk 120 a kilogram again on the retail markets in the city due to a supply chain disruption across the country amid non-stop blockade enforced by the opposition political parties.
After a month-long volatile situation in the onion... Full story
Bangladesh Building Systems, which has recently been listed with the Dhaka and Chittagong stock exchanges, has violated rules in using its initial public offering proceeds of Tk 14 crore, a Chittagong Stock Exchange investigation found. Full story
Universal health coverage is not only morally correct, but vital for a countryÃ¢€™s economic development, the president of the World Bank told a conference in Japan on Friday.
Jim Yong Kim said instituting a system that ensures... Full story
In a rare move, top business leaders will join today a human chain in front of Karwan Bazar office of the BGMEA at 11:00am, calling the countryÃ¢€™s politicians to end the conflicting politics to save the economy.
Ã¢€˜WeÃ¢€™ll give a strong signal to our... Full story
Twitter Inc is tying up with a Singapore-based startup to make its 140-character messaging service available to users in emerging markets who have entry-level mobile phones which cannot access the internet, reports Reuters. Full story
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The United States urged Europe and Asia to match its efforts to make the financial industry safer, saying on Thursday it likely had done enough to ensure taxpayers will not have to bail out banks again in future crises. Full story
A $6.4 billion gas project being built by Chevron in China is facing further delays due to disagreements with partner PetroChina over how to develop the technically tricky fields, three industry sources said.
The Chuandongbei project, the... Full story
Booming housing markets in emerging Asia have pushed global residential property prices to a new peak, according to a report on Friday.
Consultancy Knight FrankÃ¢€™s global house price index rose 4.6 per cent over the 12... Full story
Fast-food workers across the country launched Thursday day-long labour strikes in an effort to win higher wages, amid a renewed debate in Washington on raising the minimum wage. Full story
A recovery in the rupee is giving finance minister P Chidambaram rare relief in his battle against a threatened credit rating downgrade to junk status by reducing pressure on the governmentÃ¢€™s subsidy bill.
Still, the minister can only meet his fiscal... Full story
The city of Los Angeles has filed a lawsuit against Citigroup and Wells Fargo, seeking damages for a loss in tax revenue due to discriminatory mortgage lending to the cityÃ¢€™s minority communities, a court filing showed. Full story
Asian markets mostly fell on Friday after better-than-forecast US growth data added to expectations the Federal Reserve will start to wind down its stimulus programme as early as this month.
With the strong figures raising the likelihood... Full story
The dollar edged up in Asia Friday ahead of US jobs data later in the day that are seen as key to the Federal ReserveÃ¢€™s plans for its stimulus programme.
The greenback fetched 101.91 yen in Tokyo afternoon trade, up... Full story
Oil prices edged higher in Asian trade Friday on upbeat US economic and stockpiles data indicating resurgent demand in the worldÃ¢€™s biggest consumer, but profit-taking curbed further gains, analysts said.
New YorkÃ¢€™s main contract, West Texas Intermediate... Full story