FCBs, 9 NBFIs give no SME loan in rural area in 2011
Nine foreign commercial banks operating in the country did not disburse any loan to the rural entrepreneurs in 2011 under the small and medium enterprises credit programmes of the Bangladesh Bank... Full storyVegetable prices up, broiler eases
Prices of vegetables went up and price of broiler chicken eased on the city’s retail markets over the past week. Traders said the prices of vegetables had gone up due to their price hike at the suppliers’ level. Full storyEmerging powers ready to give IMF billions
No port safe in Spain’s ‘perfect storm’
Not sated by devouring millions of jobs, Spain’s economic crisis has now infected areas previously thought immune: its beloved royal family, its regional politics and its lucrative trade ties abroad. Full storyIndia’s rupee slides to 3-month low
India’s rupee on Friday fell to its weakest level in three months against the dollar amid concerns over the nation’s slowing economy and growing trade deficit. The unit fell below the key 52 rupees to the dollar... Full storyBoJ running out of arguments against long bond buys
The Bank of Japan has gone a long way in granting the government’s wishes in the past months with its firm pledge to end deflation and by loosening policy at a time when the economy has started picking up. Full storyNestle posts 7.2pc Q1 growth
The world’s biggest food company Nestle on Friday posted 2012 first quarter sales growth of 7.2 per cent, owing to strong demand in emerging markets. Sales rose by 5.6 per cent to 21.4 billion Swiss... Full storyAsian markets under pressure
Asian markets came under pressure on Friday as a successful bond auction in Spain failed to raise spirits while weak US economic data also added to the general sense of pessimism. Full storyEurope investors seek safety as eurozone debt worries grow
German 10-year bond yields hit record lows on Friday and riskier assets came under pressure on growing fears about the eurozone debt crisis and uncertainty over global growth. Full storyOil prices higher in Asian trade
Oil rose in Asian trade on Friday as the market cheered a successful Spanish bond sale, but gains were limited by downbeat US economic data, analysts said. New York’s main contract, West Texas Intermediate... Full storyEuro inches up on IMF debt fund boost
The euro rose in Asia Friday after the head of the International Monetary Fund said the global lender was likely to achieve its target of raising $400 billion as a firewall against future debt crises. Full storyUK recovery hope boosted by biggest jump in retail sales
German business confidence rises for sixth straight month
The resilience of Europe’s biggest economy to the debt crisis was underscored Friday as German business confidence beat expectations to rise for the sixth month in a row in April. Full storyBig manufacturers more likely to embrace ‘Made in USA’: survey
