HOME  BUSINESS

Maize price declines as harvest begins

The price of maize is now decreasing gradually in different parts of the country with the beginning of the harvest season. Department of Agricultural Extension officials said maize is mostly cultivated in the districts of Rangpur and Rajshahi... Full story

---

Broiler price goes up

The price of broiler chicken had gone up by Tk 10 in a day and was retailing for Tk 170 a kilogram in different markets in the city on Friday. Red lentil, coarse salt and sugar prices also went up in the retail... Full story

---

G8 leaders look to head off eurozone crisis

Leaders of major industrial economies was to meet on Friday to try to tackle a full-blown crisis in Europe where fears are growing that Greece could leave the eurozone bloc, threatening the future of the common... Full story

---

Investors brace for Facebook debut on Wall Street

Investors were bracing for Facebook’s Wall Street debut on Friday after the world’s No 1 online social network raised about $16 billion in one of the biggest initial public offerings in US history. Full story

---

US firms eye Myanmar as sanctions suspended

The suspension of US sanctions barring investment in Myanmar in response to political reforms in the poor southeast Asian state gives a green light to US firms queuing to scout for business in one of the last... Full story

---

China slams US over solar cell duties

Beijing on Friday blasted a ‘protectionist’ US decision to slap hefty anti-dumping duties on Chinese solar cell makers, the latest barb in a series of trade rows between the global economic powers. Full story

---

Spain to kick off banking sector audit

Spain, under pressure from the European Union to accelerate its bank clean-up, will name independent auditors on Friday to probe bad loans and property holdings in the financial sector and determine how big a... Full story

---

Euro under heavy pressure in Asian trade

Traders piled pressure on the euro in Asian trade Friday as political and economic turmoil in Europe sent investors fleeing from the single currency with the yen eyed as a safe haven. Full story

---

Oil slides on deepening euro fears

Oil extended its losses in Asian trade Friday on growing concerns that the eurozone’s debt woes could worsen, causing a global crisis that would ravage energy demand, analysts said. Full story

---

Spectre of Greek eurozone exit deepens crisis, hits Spain

Increasing fears that Greece could be forced out of the eurozone, as it heads for new elections, deepened the debt crisis on Friday dragging down Spain and renewing the dangers of contagion. Full story

---

Myanmar’s central bank aims for weaker currency

Myanmar’s central bank wants to weaken its newly floated currency and prevent further rises that could derail reforms to its economy, a deputy central bank governor said. Nay Aye, one of two deputy governors, added that foreign banks will be able to form... Full story

---

Facebook can’t take Asian growth for granted

Even as Facebook fever grips investors ahead of the social networking giant’s potential $100 billion-plus initial public offering, its breakneck growth in Asia may be slowing as it moves beyond desktop users to... Full story

---

Worries mount as Nokia burns through cash

Nokia Oyj is tearing through its cash reserves at an unsustainable rate, raising what some analysts say are serious questions about the struggling Finnish phone maker’s ability to stabilize its finances in the... Full story

---

‘Free-falling’ Indian rupee hits new lows

The Indian rupee plumbed new depths on Friday, sinking to a record low against the dollar for the third successive day amid turmoil on global markets. The Indian unit fell to 54.82 against the dollar in early... Full story

---

Orascom CEO due today

Orascom Telecom’s Group chief executive officer Ahmed Abou Doma arrives in Dhaka today on a two-day visit. During his stay in Dhaka, Doma, along with other high officials from Orascom Telecom, will meet... Full story

---