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Exports fall for third consecutive month

The country’s exports declined for the third month in May, compared with the same period of the previous year, as economic crisis in Europe and sluggish market in USA continued to take a toll on readymade garment exports. Full story

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Tax hike on exports to cripple industries: EAB

Exporters from various sectors on Sunday asked the government to reconsider the proposal to double the taxes at source on exports to 1.20 per cent in the next fiscal year from the existing 0.60 and 0.70 per cent. Full story

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Online trading at DSE makes clumsy debut

Investors and brokers on Sunday faced difficulties in using the new web-based trading system launched by the Dhaka Stock Exchange on the day. Securities and Exchange Commission... Full story

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High govt borrowing to hurt growth: IBFB

The International Business Forum of Bangladesh on Sunday said that the government’s high bank borrowing, as projected in the budget for the next fiscal year, would affect the economic growth of the country. Full story

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Stocks fall on uncertainty over budget impact

Dhaka stocks fell for the second day on Sunday as the investors remained sceptical of the budgetary impact, besides facing difficulties in using the new trading software launched on the day. Full story

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No tax cut proposed in budget: BMBA

The Bangladesh Merchant Bankers Association on Sunday claimed that no tax incentive was proposed for the merchant banks in the proposed budget for the next financial year. Full story

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China exports, imports rise sharply

China’s exports and imports shot up in May, but analysts cautioned the better-than-expected data released Sunday was no cause for joy amid global economic woes and a slowdown in the Asian powerhouse. Full story

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Market Disclosures

One Bank Shahida Akhter, one of the sponsors of the company, has expressed her intention to sell 5,00,000 shares out of her total holding of 1,60,31,500 shares of the company at prevailing market price... Full story

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Global commodity markets struggle

Commodity markets struggled last week, with Brent oil approaching a 17-month low, as traders balanced demand fears and the fragile economic outlook against China’s surprise interest rate cut. Full story

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Greek election to keep pressure on Tokyo stocks

Tokyo stocks are likely to stay under pressure this week as investors await the outcome of the June 17 Greek election, analysts said Friday. In the week to June 8, the Nikkei 225 index at the Tokyo... Full story

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Concern in Italy after Spain bank rescue

Even as the global economic community hailed an agreement to rescue Spain’s stricken banks, there was concern in Rome on Sunday that investors could now begin treating Italy as the next weak link in the eurozone. Full story

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Obama says it’s clear US economy ‘not doing fine’

President Barack Obama stressed on Friday the US economy was ‘not doing fine,’ seeking to clarify his earlier comments about the health of the private sector that Republicans pounced on to try to paint him as out of touch. Full story

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Apple’s war with Google heats up

When Apple Inc kicks off its annual conference for software developers on Monday, all the power players in the Apple universe will be on hand, save the one that is in many ways driving the agenda: Google Inc. Full story

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EBL launches sustainable energy finance product

Eastern Bank Limited on Sunday launched its sustainable energy finance product with the technical assistance from International Finance Corporation- South Asia Enterprise Development Facility, a member... Full story

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Eurozone agrees to lend Spain upto 100b euros

Eurozone finance ministers agreed on Saturday to lend Spain up to 100 billion euros to shore up its teetering banks and Madrid said it would specify precisely how much it needs once independent audits report in just over a week. Full story

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