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  • A file photo shows sacks of rice at a market in Dhaka. The prices of coarse and fine varieties of rice increased on the retail markets in the city over the week. — New Age photo

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Rice price remains high amid supply disruption

A file photo shows sacks of rice at a market in Dhaka. The prices of coarse and fine varieties of rice increased on the retail markets in the city over the week. — New Age photo
The price of rice continued to rise on the retail markets in the city last week despite arrival of new rice on the market as political violence, frequent blockades and hartals disrupted the supply chain across the country. Full story

Govt holds meeting with BAIRA

The expatriates̢۪ welfare and overseas employment ministry has held a meeting with the leaders of the BAIRA and discussed ways how to ensure smooth and safe manpower export against the backdrop of a downward... Full story

India sharply cuts onion export price

The government Thursday steeply cut the minimum export price of onion to $350 a tonne from $800 a tonne, a move aimed at encouraging exports amidst a crash in wholesale prices leading... Full story

Govt to develop 20,000 youths as ITES professionals

The government has taken an initiative to develop 20,000 youths as IT-enabled services professionals by providing them training on business process outsourcing, software development and corporate culture... Full story

Gold heads for biggest annual loss in 32 years

Gold hit a six-month low on Friday, on course for its largest annual loss in 32 years, as the US Federal Reserve̢۪s first step away from ultra-loose monetary policy further undermined the investor case for holding bullion. Full story

S&P cuts EU̢۪s AAA rating

Credit agency Standard & Poor̢۪s cut its triple-A rating of the European Union by one notch on Friday, saying it had concerns about how the bloc̢۪s budget was financed, a view EU leaders and other officials dismissed as misguided. Full story

US growth revised higher, economy on firmer footing

The US economy grew at its fastest pace in almost two years in the third quarter, the government said on Friday as it revised its estimates of business and consumer spending higher. Full story

Microsoft exec charged with insider trading

US authorities Thursday charged a Microsoft executive and his friend and business partner with insider trading, saying they used confidential information on the tech giant̢۪s investment in bookseller Barnes & Noble. Full story

Six countries sign US pacts in fight against tax fraud

The United States has signed anti-tax fraud pacts with six countries and territories including some considered tax havens, the US Treasury Department said Thursday. The Netherlands, Malta, and the British territories... Full story

France seen avoiding double dip recession

France will avoid a dipping back into recession at the end of this year by posting 0.4 per cent growth in the fourth quarter, according to forecasters at the national statistics institute INSEE. ‘The growth in France in the fourth... Full story

Zimbabwe forecasts stronger growth

Zimbabwe̢۪s finance minister Patrick Chinamasa Thursday said the government expected the economy to grow stronger while pledging to lower the proportion of salary payment in the budget to expand spending on... Full story

‘France won’t copy British economic policies’

French prime minister Jean-Marc Ayrault said Thursday that his government will not copy British economic policies as they had created poverty and inequality. ‘I see a lot more poverty, more inequalities and if... Full story

Asian markets mixed, dollar taps 5-year high

Asian shares were mixed on Friday and the dollar touched a new five-year high against the yen after the Federal Reserve said it would start to wind down its stimulus programme next month. Despite the weaker yen, Japan̢۪s... Full story

Oil prices slip on profit-taking

Oil prices eased on profit-taking in thin Asian trade Friday following gains in New York that were fuelled by upbeat sentiment over the US Federal Reserve̢۪s decision to begin easing its massive stimulus... Full story


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