Bangladesh Bank is likely to fix a rate of Tk 15 for each interbank transaction through automated teller machines of any commercial bank under its national payment switch project, said BB officials. A BB official told New Age on Thursday that the clients would be able to...Full story
Bangladesh plans to make an appeal for duty-free market access of readymade garments products to the US market during the visit of US secretary of state Hillary Clinton, due in Dhaka today on a two-day trip.
‘We’re demanding duty-free access of RMG products to the US...Full story
The prices of chicken and red lentil have gone up on different retail markets in the capital over the week ending Friday. The prices of different coarse- and medium-grade rice and different types of...Full story
The eurozone economy worsened markedly in April, according to business surveys that clashed with the prospect of a gradual recovery augured by European Central Bank president Mario Draghi this week.Full story
The Sensex and the Nifty dropped on Friday as India’s review of a tax treaty with Mauritius and the rupee’s slide to four-month lows exacerbated fears about foreign outflows. Auto stocks were the worst...Full story
The euro edged up against the dollar in Asia on Friday as traders took heart from European Central Bank forecasts that the eurozone would recover in the second half of this year, analysts said.Full story
Oil prices in Asian edged up on bargain hunting Friday after the previous day’s losses caused by pessimism over the United States, the world’s biggest economy and oil user, analysts said.Full story
Foreign investment into Latin America jumped 27 per cent to a record $153.5 billion last year, despite the troubled global economy and a surge in economic nationalism, according to a new report issued Thursday. Unsurprisingly, booming Brazil netted the lion’s share for...Full story
The number of Americans filing new claims for jobless aid fell more than expected last week, easing fears the labour market recovery was stalling. Initial claims for state unemployment benefits dropped 27,000...Full story
South Korea’s Samsung Electronics has unveiled a faster and larger version of its flagship smartphone as it seeks to cement its position as the world’s best-selling mobile phone maker.Full story
Struggling Internet pioneer Yahoo! has admitted to making an ‘inadvertent error’ after an activist shareholder pointed out that its CEO’s online bio wrongly said he had a degree in computer science.Full story
India is considering a review of the double taxation avoidance treaty with Mauritius to raise revenues, minister of state for finance SS Palanimanickam told lawmakers on Friday.Full story