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Relocate labour intensive industries to Bangladesh

Prime minister Sheikh Hasina on Friday urged the Turkish businessmen to relocate their labour intensive industries to Bangladesh and derive immense benefit as the country... Full story

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Prices of potato, red lentil, unpacked edible oil go up

Prices of potato, red lentil and unpacked edible oil have increased on the city’s retail markets over the past week. Potato price went up by Tk 5 a kilogram and was selling at Tk 18 to Tk 20 a kg on Friday. Full story

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BB governor warns against illegal banking

Amid growing unauthorised financial institutions, Bangladesh Bank governor Atiur Rahman on Friday urged people to remain alert against illegal banking. ‘The institutions that are doing business without approvals aren’t... Full story

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India to accept Pakistan FDI as ties warm

India said Friday it would soon welcome direct foreign investment from Pakistan in a deepening of commercial ties that could help propel a peace process between the nuclear-armed rivals. Full story

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China power giant inks $2.4b India project

Power Construction Corporation of China has signed a $2.4 billion contract to build the second phase of a massive coal-fired power complex in southern India to help meet soaring local ... Full story

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Taiwan hikes power prices amid growing anger

Taiwan said Thursday it would raise electricity prices by up to 37 per cent next month to reflect soaring energy costs, sparking anger and warnings about the impact on industry. Full story

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Smartphone sales to touch 1 billion-unit mark in 2014

Global smartphones annual sales will cross the billion-unit mark in 2014, helped by strong demand from China and the launch of cheaper low-end handsets, Credit Suisse said. Full story

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Infosys profit up 27pc

Indian software exporter Infosys on Friday said its quarterly profit rose by 27 per cent, but its shares tumbled on a lower than expected growth forecast. The Nasdaq-listed firm said clients were... Full story

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Asian markets higher after Wall Street rally

Asian markets mostly rose Friday after a strong rally on Wall Street while dealers absorbed data showing China’s economy grew at its slowest pace in almost three years in the first quarter. Full story

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European stocks sink on eurozone debt, Chinese GDP

European stocks sank on Friday, despite gains in Asia, as investors reacted to eurozone debt tension over rising Italian and Spanish bond yields, and unexpectedly weak Chinese economic growth. Full story

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Oil prices down in Asia on slower China growth

Oil fell in Asian trade on Friday, dragged by prospects of weaker Chinese demand as data showed the country’s economy grew at its slowest rate in nearly three years, analysts said. Full story

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Euro, yen slip amid weaker Chinese economic data

The euro and yen slipped against the dollar in Asian trade Friday as traders reacted to slower-than-expected Chinese growth, while a failed North Korean rocket launch had little impact, analysts said. Full story

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US gets respite from high fuel prices

Rising fuel costs have darkened the outlook for the US recovery and subsumed the White House race like an oil slick would a fledgling, yet despite the gloom, prices may have already peaked. Full story

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Chinese economy slows to near 3-year low

China’s economy grew at its slowest in nearly three years in the first three months of 2012, with a weaker than expected reading raising investor concerns that a five-quarter long slide has not bottomed... Full story

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Singapore avoids recession with Q1 growth

Singapore avoided recession in the first quarter, analysts said, as data released Friday showed the economy grew an annualised 9.9 per cent, rebounding from a slump in the previous three months. Full story

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Investors lose faith that Nokia can stop the rot

Ailing cellphone maker Nokia has the cash to survive seven quarters like the last, but investors are losing faith that it can break the vicious circle that keeps customers and in turn application developers from its new phones. Full story

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India’s trade deficit widens on crude import bill

India’s trade deficit is seen at $185 billion in the 2011/12 fiscal year on higher crude import bill, the trade minister said citing provisional data, which may worsen the country’s current account balance... Full story

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