Latest Trade & Finance Headlines

US economy grows at fastest pace in six years

Tarif Haque, NewsHoursBD, Dhaka:
According to official data, the US economy grew by an annualised rate of 5.7% in the last quarter of last year.
The figure is still an initial estimate, but was higher than the 2.2% annualised growth recorded in the third quarter of the year. Economic analysts polled by the Reuters news agency had [...]

Toyota recalls up to 1.8 million automobiles

Tarif Haque, NewsHoursBD, Dhaka:
The automobile manufacturer Toyota has said that it will recall up to 1.8 million cars across Europe, after a problem with the accelerator pedal was discovered.
According to the firm, eight models were affected by the problem — AYGO, iQ, Yaris, Auris, Corolla, Verso, Avensis, and RAV4 — after it was discovered that [...]

Giant tuna sold for $177,000 at Japanese fish market

Tarif Haque, NewsHoursBd, Dhaka:
This Tuesday, at a wholesale auction at the Tsukiji fish market in Tokyo, a 512-pound bluefin tuna was sold for over sixteen-million yen ($177,000 USD). The great fish was bought and then shared by the owners of a local sushi restaurant and a Hong Kong-based dining establishment. This tuna is the most [...]

China to surpass Japan to become second largest economy

Tarif Haque, newshoursbd, Dhaka:
The Chinese economy is likely to overtop the Japanese economy and become the second largest in the world.
Li Daokui, Director of the Center for China in the World Economy (CCWE) at the Tsinghua University, states that there is no doubt about what the numbers or the statistics show. China’s GDP growth was [...]

US jobless claims fall, reach seventeen-month low

Tarif Haque, newshoursbd, Dhaka:
The number of newly-laid off US residents has fallen to the lowest level in a year and a half. The Labor Department reports new unemployment claims totaled 432,000 last week, down 22,000 from the previous week.
That is the lowest figure since July, 2008, and a significant reduction from the nearly 700,000 jobs [...]

Femele Power

Tarif Haque, Newshoursbd,Dhaka :
THE economic empowerment of women across the rich world is one of the most remarkable revolutions of the past 50 years. It is remarkable because of the extent of the change: millions of people who were once dependent on men have taken control of their own economic fates. It is remarkable also [...]

BB opens SME department Thursday

Bangladesh Bank is going to open a separate department for small and medium enterprise on Thursday to encourage loans for small and medium enterprises.
Bangladesh Bank Governor Atiur Rahman would inaugurate the SME department that would run under the leadership of a general manager.
“Alongside agricultural loan, in future we will strengthen SME loans. The new department [...]

Tax benefit if jobs given to physically challenged: PM

Prime Minister Sheikh Hasina Saturday morning said the government will consider offering tax waiver for companies those generate jobs for the persons with disabilities.
She said her government will engage the persons with disabilities in development activities under all ministries. The social welfare ministry has already been given the responsibility to coordinate the matter.
Sheikh Hasina was [...]

RAK Ceramics takes on first IPO under book building

RAK Ceramics, a Bangladesh-UAE joint venture, is going to be the first to offer primary shares using the book building method, a modern pricing mechanism for initial public offering (IPO).
The Securities and Exchange Commission, the market regulator, gave the green light to RAK at a meeting on Wednesday, officials said.
The tiles and sanitary-ware maker will [...]

Biman Q1 profit leaps to Tk 34 cr

Biman Bangladesh Airlines reaped Tk 34.45 crore profit in the first quarter of the fiscal year, the national carrier’s managing director said on Thursday.
Biman earned just Tk 24 crore in profits in the whole of 2008-09 and Tk 5.91 crore in 2007-08. Prior to 2007-08, BBA faced much criticism for its huge losses.
Speaking to bdnews24.com, [...]

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