International Business News
Business
Margin requirements of brokers now Tk5cr
Market operators believe move to boost stock trading
Sarwar A Chowdhury
Brokers' margin requirements with bourses were increased to Tk 5 crore from Tk 1 crore yesterday, a move market operators believe will boost stock trading that has been experiencing bearish trend for the last one month.
40pc hike in fuel prices creates four lakh new poor people
Shamunnay research reveals
Business Report
A 40 percent hike in the prices of diesel and kerosene will lead to more inflation and creation of four lakh new poor people in the country, according to a research paper.
No restriction on Bangladesh shrimp export
US assures govt team
Business Report
US authorities made an assurance that they will not impose any restriction on Bangladeshi shrimp export, a high-profile Bangladeshi team that recently visited the US, claimed yesterday.
Chinese oil major blames supply concerns for price hike
Afp, Madrid
Supply and demand concerns are driving record oil prices as appetite for crude in developing nations is expected to soar over the coming years, the president of Chinese oil major CNOOC said Tuesday.
Air travel tech provider to focus on country's e-ticketing market
Business Report
Amadeus, a global travel technology provider, has plans to lay more emphasis on Bangladesh's e-ticketing market by introducing its latest technology.
BTCL signs deal with govt to get all BTTB assets
Unb, Dhaka
The newly constituted Bangladesh Telecomm-unications Company Ltd (BTCL) has signed vendors' agreement with the government to take over the state-run telecommunications service.
Bangladesh to get £7m from UK for tax reform
Bss, Dhaka
The United Kingdom has approved 7 million pound sterling equivalent to Tk 100 crore to the government of Bangladesh for Tax Administration Capacity and Taxpayer Services (TACTS).
Asian customers agree huge iron ore price rise
Afp, Sydney
Anglo-Australian mining giant Rio Tinto announced Tuesday that it had reached agreement with all its customers in Asia for iron ore price increases of up to 97 percent.
Snacks
Phuchka-chatpati: From roadside to posh shops
Sohel Parvez
It was half-past 10 at night. The 28-year old brick and sand retailer Nur Kalam's eyes were watering from the hotness of chilli. Yet he continued savouring the whole bowl of chatpati he bought at Tk 10.
Fuel Hunting
Appetite for Arctic oil rises in line with crude prices
Afp, Madrid
The appetite for Arctic oil has surged in line with rocketing crude prices but environmental concerns and a diplomatic stalemate stand in the way of exploration, experts say.
Biz Letters
Potentials of crop biotechnology
Asian stocks close mostly down
Afp, Hong Kong
Asian stocks closed mostly down Tuesday, with China and India tumbling, as soaring oil prices and a huge rise in iron ore costs stoked fears about the economic damage from surging inflation.
Euro on firm footing against dollar
Afp, London
The euro firmed against the dollar on Tuesday as the foreign exchange market awaited fresh economic data ahead of a likely eurozone interest rate hike later this week.
Thai inflation hits 10-yr high
Afp, Bangkok
Thailand's inflation rate surged to a 10-year high of 8.9 percent in June, driven by sharply rising oil prices, the commerce ministry said Tuesday.
Rahimafrooz launches CNG refueling station chain
Rahimafrooz CNG has launched a CNG refueling station chain, Quikfill, in the country.
Japan, India ink currency swap agreement
Pti,Mumbai
India and Japan Monday concluded a bilateral arrangement for swapping of local currencies against the US dollar for up to USD 3 billion.
ROK inflation near 10-yr high
Afp, Seoul
South Korea's annual inflation rate was 5.5 percent in June, close to a 10-year high due to soaring prices of oil and other commodities, official figures showed Tuesday.
International Business News
WTO deal would ease food prices: Paulson
Afp, Berlin
US Treasury Secretary Henry Paulson pressed Tuesday for a breakthrough in the Doha round of WTO trade talks, arguing that an agreement would help contain surging food prices.
International Business News
Pakistan scales down fuel, food subsidies
Afp, Karachi
Pakistan Prime Minister Yousuf Raza Gilani said Tuesday that his government had scaled down subsidies on food and fuel in a bid to reduce the country's budget deficit.
International Business News
Sri Lanka prices soar at record 28.2pc
Afp, Colombo
Sri Lanka's annual inflation hit a record 28.2 percent in June for the first time since its new price index was launched six years ago, official figures showed Monday.
International Business News
Mazda sees hydrogen cars available by 2020
Afp, Madrid
Hydrogen-powered cars will not be commercially available on a large scale before 2020, a senior official from Japanese auto maker Mazda said Monday in Spain at an international oil conference.
International Business News
General Motors's stock skids to 1950s level
Afp, New York
General Motors's stock price fell on Monday to levels last seen in 1954, as investors fretted over its falling sales and as some analysts wondered if the iconic US automaker's glory days are in the rearview mirror.
Margin requirements of brokers now Tk5cr
Market operators believe move to boost stock trading
Sarwar A Chowdhury
Brokers' margin requirements with bourses were increased to Tk 5 crore from Tk 1 crore yesterday, a move market operators believe will boost stock trading that has been experiencing bearish trend for the last one month.
40pc hike in fuel prices creates four lakh new poor people
Shamunnay research reveals
Business Report
A 40 percent hike in the prices of diesel and kerosene will lead to more inflation and creation of four lakh new poor people in the country, according to a research paper.
No restriction on Bangladesh shrimp export
US assures govt team
Business Report
US authorities made an assurance that they will not impose any restriction on Bangladeshi shrimp export, a high-profile Bangladeshi team that recently visited the US, claimed yesterday.
Chinese oil major blames supply concerns for price hike
Afp, Madrid
Supply and demand concerns are driving record oil prices as appetite for crude in developing nations is expected to soar over the coming years, the president of Chinese oil major CNOOC said Tuesday.
Air travel tech provider to focus on country's e-ticketing market
Business Report
Amadeus, a global travel technology provider, has plans to lay more emphasis on Bangladesh's e-ticketing market by introducing its latest technology.
BTCL signs deal with govt to get all BTTB assets
Unb, Dhaka
The newly constituted Bangladesh Telecomm-unications Company Ltd (BTCL) has signed vendors' agreement with the government to take over the state-run telecommunications service.
Bangladesh to get £7m from UK for tax reform
Bss, Dhaka
The United Kingdom has approved 7 million pound sterling equivalent to Tk 100 crore to the government of Bangladesh for Tax Administration Capacity and Taxpayer Services (TACTS).
Asian customers agree huge iron ore price rise
Afp, Sydney
Anglo-Australian mining giant Rio Tinto announced Tuesday that it had reached agreement with all its customers in Asia for iron ore price increases of up to 97 percent.
Snacks
Phuchka-chatpati: From roadside to posh shops
Sohel Parvez
It was half-past 10 at night. The 28-year old brick and sand retailer Nur Kalam's eyes were watering from the hotness of chilli. Yet he continued savouring the whole bowl of chatpati he bought at Tk 10.
Fuel Hunting
Appetite for Arctic oil rises in line with crude prices
Afp, Madrid
The appetite for Arctic oil has surged in line with rocketing crude prices but environmental concerns and a diplomatic stalemate stand in the way of exploration, experts say.
Biz Letters
Potentials of crop biotechnology
Asian stocks close mostly down
Afp, Hong Kong
Asian stocks closed mostly down Tuesday, with China and India tumbling, as soaring oil prices and a huge rise in iron ore costs stoked fears about the economic damage from surging inflation.
Euro on firm footing against dollar
Afp, London
The euro firmed against the dollar on Tuesday as the foreign exchange market awaited fresh economic data ahead of a likely eurozone interest rate hike later this week.
Thai inflation hits 10-yr high
Afp, Bangkok
Thailand's inflation rate surged to a 10-year high of 8.9 percent in June, driven by sharply rising oil prices, the commerce ministry said Tuesday.
Rahimafrooz launches CNG refueling station chain
Rahimafrooz CNG has launched a CNG refueling station chain, Quikfill, in the country.
Japan, India ink currency swap agreement
Pti,Mumbai
India and Japan Monday concluded a bilateral arrangement for swapping of local currencies against the US dollar for up to USD 3 billion.
ROK inflation near 10-yr high
Afp, Seoul
South Korea's annual inflation rate was 5.5 percent in June, close to a 10-year high due to soaring prices of oil and other commodities, official figures showed Tuesday.
International Business News
WTO deal would ease food prices: Paulson
Afp, Berlin
US Treasury Secretary Henry Paulson pressed Tuesday for a breakthrough in the Doha round of WTO trade talks, arguing that an agreement would help contain surging food prices.
International Business News
Pakistan scales down fuel, food subsidies
Afp, Karachi
Pakistan Prime Minister Yousuf Raza Gilani said Tuesday that his government had scaled down subsidies on food and fuel in a bid to reduce the country's budget deficit.
International Business News
Sri Lanka prices soar at record 28.2pc
Afp, Colombo
Sri Lanka's annual inflation hit a record 28.2 percent in June for the first time since its new price index was launched six years ago, official figures showed Monday.
International Business News
Mazda sees hydrogen cars available by 2020
Afp, Madrid
Hydrogen-powered cars will not be commercially available on a large scale before 2020, a senior official from Japanese auto maker Mazda said Monday in Spain at an international oil conference.
International Business News
General Motors's stock skids to 1950s level
Afp, New York
General Motors's stock price fell on Monday to levels last seen in 1954, as investors fretted over its falling sales and as some analysts wondered if the iconic US automaker's glory days are in the rearview mirror.
posted by Business @ 4:36 AM
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