The broader price index of the Dhaka Stock Exchange (DSE) on Sunday crossed the 5,400-point mark on the higher transaction, indicating a positive trend in the days to come for the greater benefit of the investors. DSEX, the major index of DSE, added 79.92 points at close to finish the day at 5422.80. The DSES for Shariah based securities and the DS30 for blue chip scrip also followed the same trend…

Amazon sorry over India flag doormat fiascoOnline retailer Amazon has apologised for selling doormats featuring the Indian flag on its Canadian website. Amazon removed the product from its website on Wednesday, and apologised the following day after Indian Foreign Minister Sushma Swaraj's strong criticism of the firm. Ms Swaraj had tweeted that India would rescind current visas for Amazon officials…

10,677 commodities to get duty-free access: Tofail Commerce Minister Tofail Ahmed on Friday said 10,677 commodities would get duty-free access instead of the existing 4,648 items under the 4th round Asia-Pacific Trade Agreement (APTA) negotiation meeting being held in Thailand. "The duty-free access will enhance further the mutual relations, employment and assistance for achieving the Sustainable…

Mumbai: The rupee was trading lower by 7 paise at 68.25 against the American currency in early trade today after the dollar gained strength overseas. Forex dealers said increased demand for the US currency from importers and dollar’s gains against other currencies overseas put pressure on the rupee. They said, however, a higher opening in the domestic equity market capped the rupee losses. Yesterday,…

BITCOIN plunged another 12 percent yesterday after China's central bank urged investors to take a rational approach to the digital currency, which is on track for its heaviest two-day falls in two years. Bitcoin had gained more than 40 percent in two weeks to hit a three-year high of US$1,139.89 on Wednesday on the Europe-based Bitstamp exchange. But the digital currency plunged as the yuan soared…

22nd Dhaka International Trade Fair (DITF)- 2017 started at Sher-E-Bangla Nagar in Dhaka, west side of Bangabandhu International Conference Centre. This fair will continue from January 1 to January 31. It has been jointly organized by Export Promotion Bureau and the Ministry of Commerce, Government of Bangladesh. This event would project quality exportable goods of Bangladesh to the visitors from…

New York: Volkswagen is close to a deal to pay USD two billion to settle a US criminal investigation into the emissions-cheating scandal involving its diesel cars, a leading American daily has reported. A settlement between the US Department of Justice and the German auto giant could come as early as next week, the New York Times reported yesterday, citing three people who were not identified. VW…

Prime Minister Sheikh Hasina, also ECNEC chairperson, presides over the weekly ECNEC meeting of the current fiscal year held at the NEC conference room on Tuesday (January 3, 2017) Dhaka: The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved the procurement of equipment and machinery for repairing and maintenance and road infrastructure construction at an estimated cost…

Mumbai: “Making autonomous driving a reality for our customers is the shared ambition behind our cooperation with Intel and Mobileye,” stated Klaus Fröhlich, BMW’s head of development at a joint press conference at CES in Las Vegas. “This partnership has all of the skills and talent necessary to overcome the enormous technological challenges ahead and commercialize self-driving…

Radio Capital 94.8 FM, a media outlet of East West Media Group Limited (EMWGL), was launched commercially on Monday.    East West Media Group Limited is a concern of the country’s leading business conglomerate Bashundhara Group. Cutting a large cake, Bashundhara Group Managing Director Sayem Sobhan Anvir inaugurated the commercial lunching of the radio at the International Convention…

Imminent global financial hurricane: Global financial, economic and monetary  turmoil is highly likely  to begin  sometime soon, by October 2016. Massive debt default as well as failure of large banks in Eurozone may trigger the crisis  and will have domino effect for the rest of the world. Necessary level of fragility of global financial, economic and monetary system has…

New York: Oil prices rallied for a fourth straight session on Tuesday, amid speculation that the talks of Organization of the Petroleum Exporting Countries next month could result in a crude output freeze. The West Texas Intermediate for September delivery added $0.84 to settle at $46.58 a barrel on the New York Mercantile Exchange, while Brent crude for October delivery gained $0.88 to close at $49.23…

The government today signed separate deals with Japan on six projects, including one for construction of a 4.8-km rail bridge over the Jamuna River in parallel with Bangabandhu Bridge. The Jamuna Railway Bridge Construction Project is aimed to improve capacity and safety of railway transportation by constructing a dedicated railway bridge in 300m upstream of the existing Jamuna Multipurpose Bridge…