HOME  BUSINESS

82 people legalised Tk 382cr undisclosed money in stocks

Some 82 people legalised Tk 382 crores of undisclosed money through the stock market in the just-concluded 2011-12 financial year, officials of National Board of Revenue on Tuesday said. They said money whitening facility by paying 10 per... Full story

---

SEC extends deadline for brokers, ­­m-bankers to Sept 30

The Securities and Exchange Commission on Tuesday extended the deadline to September 30 for the brokers and the merchant bankers to waive the interest of margin loans given to small-scale investors in 2011. Full story

---

BB pumps record amount of money as clients flood banks before Eid

The Bangladesh Bank on Tuesday pumped a record amount of money into the banking system as clients flooded almost all the branches of banks across the capital before the start of the 7-day vacation today. The BB lent commercial and primary dealer... Full story

---

10-second pulse for each mobile call from today

All the cell phone operators in the country have to introduce ‘10 second pulse’ with each call from today, as the regulator has put special attention for ensuring customers’ benefit, said officials. Full story

---

Stocks finish higher before Eid vacation

Dhaka stocks gained on Tuesday amid increased participation of the institutional investors who were hoping the market would be vibrant after the 11-day vacation. DGEN, the benchmark general index of Dhaka... Full story

---

China, N Korea ink deals on economic zones

China said Tuesday it signed agreements with North Korea pushing forward their joint development of economic zones, as the new leader in Pyongyang seeks to improve his country’s impoverished economy. Full story

---

Spain PM renews key jobless benefit in crisis

Spanish prime minister Mariano Rajoy said Tuesday he would renew a key benefit payment for the poorest jobseekers, after speculation it would be cut due to the crisis. Rajoy told reporters the government would on... Full story

---

Euro stronger in thin holiday trade

The euro strengthened in Asia on Tuesday afternoon in thin holiday trade while dealers looked ahead to a string of US and eurozone data for hints about the state of the global economy. Full story

---

Market Disclosures

Trading of the shares of the company will be allowed only in the spot market and block/odd lot transactions will also be settled as per spot settlement cycle with cum benefit from 26.08.2012 to 28.08.2012. Full story

---

Oil mixed in Asian trade as Iran concerns grow

Oil was mixed in Asian trade Tuesday but analysts said prices would remain high amid an expected supply cut in the North Sea and speculation over a possible Israeli military strike on Iran. Full story

---

Eurozone headed back towards recession

The eurozone veered back towards recession with the latest growth figures out on Tuesday showing its economy shrinking by 0.2 per cent and analysts warning of falling economic output right through 2013. Germany steered clear of the worst of the... Full story

---

India inflation near 3-year low

India’s wholesale inflation unexpectedly fell in July to a near three-year low but economists doubt the drop will be enough to persuade the RBI to cut interest rates at its September meeting to try to revive the struggling economy. Inflation dropped to... Full story

---

Mobile phone sales outlook stalling: Gartner

Research firm Gartner reported a dip in global sales of mobile phones for the second quarter in a row and will likely cut its 2012 outlook as consumers hold back on handset upgrades due to economic uncertainty. The research group, whose... Full story

---

StanChart says expects to keep NY licence

Standard Chartered has said it does not believe it will lose its New York banking licence over charges it violated US sanctions against Iran but is preparing for ‘all possible outcomes’. In an interview published Tuesday... Full story

---

Nestle chairman sees worse food crisis than 2008

The chairman of Nestle, the world’s biggest food group, warned that the world faced a worse hunger crisis than in 2008 given the amount of land devoted to producing biofuels instead of food. Full story

---

SingTel Q1 net profit up 3.2pc

Singapore Telecom said Tuesday its first quarter net profit rose by 3.2 per cent from a year ago, driven by improved earnings from some regional associates and gains from an asset sale. Full story

---