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Govt suspends fish export

The government on Tuesday banned export of Hilsa and all kinds of other fish, except shrimp, till further order following dissatisfaction expressed by consumers over soaring fish prices in Ramadan. Full story

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CDBL glitch halts trading at Dhaka, Ctg bourses

Trading remained suspended on both Dhaka and Chittagong bourses on Tuesday because of technical glitches at the Central depository of Bangladesh Ltd which deals with share settlement. The Securities and Exchange Commission formed a... Full story

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2 WB-funded ICT projects to set rolling after Abul’s resignation

Two projects to be funded by the World Bank in the information and communication technology sector are likely to get final approval of the multilateral lending agency soon, said ERD officials. Full story

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Merchant bankers demand Tk 900cr loan with 10pc interest from BB

Merchant bankers on Tuesday demanded Tk 900 crore in loan from the Bangladesh Bank at an interest rate of 10 per cent for waiving margin loan interest of affected investors. The Bangladesh Merchant Bankers Association... Full story

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Affected investors to get 20pc quota of IPO of GNF

The Securities and Exchange Commission on Tuesday approved a Tk 30-crore initial public offering of Generation Next Fashion Ltd. There will be 20 per cent IPO quota reserved for the small-scale investors under... Full story

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Italian police seize Barclays documents in rates probe

The police have seized documents at the Milan offices of British bank Barclays as part of an Italian probe into possible manipulation of Euribor lending rates, judicial sources and consumer groups told Reuters on Tuesday. Full story

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BP results show strain of Russia, US spill

BP Plc delivered the worst of a poor set of quarterly results among top oil companies on Tuesday, slashing $5 billion off the value of US assets and undershooting expectations with its operating result. Full story

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Oracle E-Business to help Flamingo Fashions in business

Flamingo Fashions Ltd, a business unit of DBL group and one of the largest knit garments manufacturers and exporters in the country, has recently selected Oracle E-Business Suite 12.1 to help integrate its business... Full story

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Honda quarterly profit jumps fourfold to $1.7b

Honda Motor said Tuesday its net profit surged more than fourfold to $1.7 billion for the three months to June, underscoring a recovery from the impact of last year’s quake-tsunami disasters. Full story

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Asian markets rise again on stimulus hopes

Asian markets were generally higher Tuesday, their third consecutive positive session, as traders looked for new stimulus measures from European and US central banks. Tokyo stocks closed up 0.69 per cent, or 59.62 points... Full story

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Yen mixed in Asia on intervention speculation

The yen was mixed in Asian trade on Tuesday amid speculation that Japanese officials may launch another round of currency market intervention to tame the unit’s soaring value. Full story

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Oil prices mixed before Fed meeting

Oil prices were mixed Tuesday before a meeting of the Federal Reserve which could reveal more stimulus measures aimed at boosting the US economy, which is also the world’s biggest consumer of crude. Full story

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Panasonic swings back to profit

Struggling Panasonic said Tuesday it swung back into the black for the April-June quarter as it cut costs to restructure its business while battling the negative effects of a strong yen. Full story

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Europe’s top banks feel pain from debt crisis

Europe’s biggest banks on Tuesday took massive hits on their second-quarter profits as the eurozone debt crisis slices into earnings and adds to the pressure to boost their capital defences. Full story

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Eurozone inflation static as unemployment hits high

Inflation in the eurozone remained steady for the third straight month in July, offering little comfort to consumers at a time when the number of people out of work continues to climb and the unemployment rate hit a record high. Full story

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India keeps key interest rate on hold

India’s central bank kept its key interest rates unchanged on Tuesday as predicted, but delivered bleak forecasts for the slowing economy and warned about the country’s deficits. Full story

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China leaders call for prioritising stable growth

China’s top leaders warned of continued downward pressure on the world’s second-largest economy and vowed to make economic growth a top priority, state press reported Tuesday. Full story

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BKB gets new MD

Md Abdus Salam has recently joined Bangladesh Krishi Bank as managing director. Prior to the joining, he was deputy managing director of Janata Bank. Salam started his banking career with Bangladesh... Full story

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ECB chief dragged before EU ombudsman

Eurozone central banker Mario Draghi has been asked to justify his membership of an elite international financial forum by the EU after transparency campaigners claimed a conflict of interest, the bloc’s watchdog said Tuesday. Full story

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QUBEE gets new CEO

Faisal Hyder has recently been appointed acting chief executive officer of QUBEE Bangladesh replacing Jerry Mobbs, the incumbent and founding CEO, said a news release. Mobbs, who completed his 3 years... Full story

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