Latest Trade & Finance Headlines

DCCI stands against ‘black’ money whitening

Dhaka, NewshoursBD : The Dhaka Chamber of Commerce and Industry (DCCI) has urged that the government’s next upcoming should not permit the “whitening” of illegally blackish earned money. The business body did however propose that there should be an option for whitening undisclosed “legally earned money” at a tax rate of 50 percent. Abul Kashem, [...]

US House aims to extend flood insurance program

NewshoursBD desk : U.S. Representative Barney Frank introduced legislation on Friday to extend the National Flood Insurance Program through September, which would give Congress more time to fix the troubled program. The insurance program, important to more than 5 million homes and businesses in flood plains, has been in debt since major hurricanes in 2004 [...]

UPDATE 1-China shipbuilder Rongsheng floats $1.5 bln IPO-sources

NewshoursBD desk : Jiangsu Rongsheng Heavy Industries Co Ltd has appointed Morgan Stanley (MS.N) and JPMorgan (JPM.N) to finalise plans for its long-awaited initial public share offering in Hong Kong, aiming to raise up to $1.5 billion in the fourth quarter, sources told Reuters on Tuesday. This is Rongsheng’s latest bid to go public after [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

« Previous Page — Next Page »

DHAKA STOCK EXCHANGE

Latest Trade & Finance Headlines

NEWS HOURS BD.COM © 2009 - 2010