The government on Tuesday renewed the 2G licence of four mobile phone operators for 15 years although the companies are yet to pay the full fees and charges. The Minister for Post and Telecommunications, Rajiuddin Ahmed Raju, handed over the...Full story
The credibility of the central bank fell into question following its contradictory stance over operation of mobile financial services by bKash, a subsidiary of BRAC Bank. The latest letter that Bangladesh Bank...Full story
Business leaders on Tuesday demanded that the National Board of Revenue should not charge businesses any extra fees for providing customs facility at customs houses on weekly holidays although they...Full story
Dhaka stocks closed flat on Tuesday in volatile trading as retail investors went for sell-offs while institutional ones bought shares.
DGEN, the benchmark general index of Dhaka Stock Exchange, lost...Full story
For nations like China and India fighting to tamp down inflation while spurring growth, even as the global economy faces headwinds from Europe’s debt crisis, shrinking US crops could be an additional headache...Full story
Rating agency CRISIL slashed India’s growth forecast to 5.5 per cent for the fiscal year ending March, one of the lowest estimates on the street, just two months after pruning its projection to 6.5 per cent from 7 per cent.Full story
The euro was mixed in afternoon Asian trade Tuesday as dealers kept their eyes on the European Central Bank for policy moves aimed at tackling the debt crisis, while the dollar held its ground.Full story
Shares in global clothing retailer Esprit on Tuesday jumped as much as 38 per cent in Hong Kong after the company appointed a new chief executive. The firm rose to HK$13.8 in afternoon trade following the appointment...Full story
The company will be placed in 'A' category from existing 'Z' category from today as the company reported disbursement of 15 per cent stock dividend for the year ended on December 31, 2010.Full story
Oil prices rose further Tuesday after recent sharp gains on concerns over potential tight supplies despite a weak demand environment and thanks to improved sentiment on the eurozone, analysts said.Full story
Italy’s economy shrank by 0.7 per cent in the second quarter, increasing the pressure on Mario Monti’s government to balance austerity with growth measures as the country wallows deep in recession.Full story