India to sanction $200m as grant
Practice hampers fresh fund flow to market
Country’s capital market is not getting expected amount of fresh fund through the flotation of new mutual funds as leading asset management firms are selling huge amount of units of their... Full storyFacebook execs hit the road to persuade investors
Facebook, already assured of becoming one of the most valuable US firms when it goes public later this month, now must convince investors in the next two weeks that it is worth all the hype. Top executives at the world’s... Full storySalt price goes up by over 43pc in a year
The price of different brands of packed iodized salt increased by over 43 per cent a kilogram over a year in the retail markets of the city. According to the latest data of TCB—the state trading corporation—the price of packed iodized... Full storyAustralia on track for modest budget surplus
Australia is on track for a modest budget surplus next financial year, treasurer Wayne Swan said Sunday ahead of this week’s unveiling of his fifth budget for the mining-powered economy. Australia, which survived the global... Full storySouth Korea’s growth slows
South Korea’s economic growth slowed recently due to weak exports caused by Europe’s debt crisis and the region’s economic downturn, a state-run think tank said Sunday. ‘Our economy recently saw its... Full storyStanChart top exec due today
Ananth Narayan, regional head of global markets and co-head of wholesale banking, South Asia, of Standard Chartered Bank, arrives in Dhaka today on a three-day official visit. His responsibility encompasses... Full storyBR (West) gets new GM
Ferdous Alom has recently been appointed as general manager of Bangladesh Railway (West). Earlier he was additional directorate general of M and CP Rail Bhaban in Dhaka, said a news release. Full storyThomas Cook gets lifeline from lenders
Thomas Cook Group Plc gained a three-year funding lifeline worth 1.4 billion pounds on Saturday, giving the world’s oldest travel group more time to turn around its recession-scarred business. Full storyGlobal commodity prices hit by economic gloom
Shareholders revolt over bumper boardroom pay in Britain
Top British companies face a wave of investor activism as shareholders rebel over boardroom pay, amid under-performance in the poor economic climate and state moves to clamp down on corporate greed. Full storyUS House leaders agree on Ex-Im Bank reauthorisation
US House leaders agreed Friday on a bipartisan compromise to extend authorisation of the Export-Import Bank for another three years, providing a level of stability to US businesses competing in the... Full storyIndia to deliberate tax measures as investors fret
