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Brokers, merchant bankers unwilling to waive interest

A full implementation of the stock market compensation package announced by the government seems unlikely as the merchant bankers and the brokerage firms are reluctant to waive interests on loans given to the investors. Full story

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Dhaka, Delhi start negotiation today on cotton supply deal

Dhaka begins a formal negotiation with New Delhi in the capital today on the signing of a long-term contract by way of which India will supply Bangladesh an assured quantity of cotton every year even if India bans... Full story

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Scope for legalising undisclosed money backs corruption: NHRC

The National Human Rights Commission chairman Mizanur Rahman has voiced grave concern over the government’s move to keep a provision in the upcoming national budget to legalise undisclosed... Full story

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Dhaka stocks extend losses to third week

Dhaka stocks declined last week, three weeks in a row, as investors remained panicky amid filing of writ petitions repeatedly against the mandatory shareholding rule for the listed company directors. Full story

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5th SAARC Food Bank meeting in Dhaka today

The 5th special meeting of SAARC Food Bank Board will be held today in the city to make it operative, official sources said. Total mechanisms including reserve of food grains (rice and wheat), maintaining quality... Full story

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China to cut bank reserves as economy falters

China said on Saturday it would cut reserves for banks, as the country seeks to engineer a soft landing for the world’s second largest economy following disappointing data released Friday. Full story

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StanChart global Islami banking head due today

Wasim Akhtar Saifi, global head of Islamic banking - consumer banking, Standard Chartered Bank, arrives in Dhaka today on a two-day official visit. This will be his second visit to Bangladesh, said a news... Full story

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US stocks end week in red, brace for Greece drama

US stocks took a beating last week, only to face more turbulence from Europe as Greece grapples with rising political uncertainty that could cost the country's crucial EU-IMF bailout. Full story

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Eurozone faces stiff headwinds

The eurozone faced stiff headwinds Friday, with deficits clouding growth, Greek membership at risk, Spanish banks in trouble and possible change of course hanging on talks between paymaster... Full story

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S Korea expo draws tens of thousands on first day

Tens of thousands of people flocked to South Korea’s 2012 international expo Saturday on the first day of the three-month show with the theme of ‘The Living Ocean and Coast’. The southern coastal city of Yeosu opened Expo 2012 to... Full story

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JPMorgan faces fresh scrutiny after $2b loss

One of the pillars of Wall Street — bank JPMorgan Chase — faced new scrutiny Saturday after it reported a shocking $2 billion derivatives loss that even its pugnacious chief executive called ‘egregious.’ Full story

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Economists see brighter labour market in US

Economists expect the US unemployment rate to average 8.1 per cent this year, and to fall to 7.7 per cent next year, according to a survey released on Friday showing Wall Street’s view of the labour market has... Full story

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UK confident on bank reform despite EU row

Britain expects its flagship banking reforms to remain on track after European Union talks next week, a government source said on Friday, despite opposition to its demand for more freedom from Brussels to... Full story

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