Latest Trade & Finance Headlines

China rules out ‘nuclear option’ on U.S. debt

NewshoursBD International desk : China has delivered a qualified vote of confidence in the dollar and US financial markets, ruling out the “nuclear option” of dumping its huge holdings of US government debt accumulated over the last decade. But the State Administration of Foreign Exchange, which administers China’s $2450bn in reserves, the largest in the [...]

Large-scale skimmer continues scrutinizing in Gulf

New Orleans, Louisiana (NewshoursBD.com/CNN) : Initial results from test runs of a ship billed as the world’s largest oil skimming vessel could come back Monday after a weekend spent plowing the seas atop the undersea gusher in the Gulf of Mexico. The converted cargo ship A Whale spent the weekend attempting to separate crude oil [...]

State shares fail to float

Staff Correspondent : The government has failed to bring a single company to stockmarket in the last one and a half years although it announced plans to list 26 state-owned enterprises by June. It means one company comes in three years. The finance ministry in January set individual deadlines — from three to six months [...]

Muhith hopes investment in power sector

Staff Correspondent : Finance Minister AMA Muhith on Saturday sought investment from the private investors from home and abroad in the country’s energy and power sector. “Bangladesh is a country of 1.60 million in population, which has huge potential for economic growth,” the minister said while addressing the inaugural session of a conference at a [...]

Suspicion about 6.7pc growth’s implementation

Residential Correspondent : Development thinkers have expressed serious doubts about the attainment of the economic growth at 6.7 per cent projected by the finance minister in the proposed budget for the upcoming fiscal year. At a post-budget discussion on Sunday, they said the growth in gross domestic product stagnated in recent years and had been [...]

Rural economy waits for strengthing -Atiur

Sylhet, June 19 (NewshoursBD.com) Bangladesh Bank governor Atiur Rahman on Saturday stressed the need for strengthening rural economy to face growing challenges of attaining food security. He said flow of agricultural loan would be increased to boost the country’s economy by reducing dependence on agricultural imports and by alleviating poverty through employment generation. Bangladesh Bank [...]

Underway FBCCI polls

Dhaka, June 19 (NewshoursBD.com) The biennial elections of apex business body Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has gotten underway, Saturday morning. Voting began at 9am and will continue through to 5pm at the FBCCI building, in the city’s commercial hub Motijheel. The total number of voters is 1,698. Security has been [...]

Asian stocks gain as investors delighted by Europe

NewshoursBD desk : Asian shares rose on Wednesday, led by electronics makers and resource stocks, after successful European debt auctions boosted hopes for global growth and lifted commodity prices. The euro steadied near its highest in 2 weeks, and easing fears about Europe’s debt crisis also fueled gains for higher-yielding currencies such as the Australian [...]

Muhith seeks to improved implementation of ADP

Dhaka, NewshoursBD desk : Finance minister Abul Maal Abdul Muhith told the parliament on Monday that the government had limited capacity to implement the annual development programme. In his concluding speech on the supplementary budget for the current fiscal year, the minister, however, said the ADP implementation in the next fiscal year would be “close” [...]

EU, IMF agree $1 trillion emergency fund

BRUSSELS, May 10 (NewshoursBD.com/Reuters) Global policymakers unleashed an emergency rescue package worth about $1 trillion (672 billion pounds) to stabilise world financial markets and prevent the Greek debt crisis from destroying the euro currency. The rescue, hammered out by European Union finance ministers, central bankers and the International Monetary Fund in marathon talks at the [...]

DHAKA STOCK EXCHANGE

Latest Trade & Finance Headlines

NEWS HOURS BD.COM © 2009 - 2010