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The Financial Express

Search results for: trade

China plans tariffs on $60 billion  of US goods in latest trade salvo

China plans tariffs on $60 billion of US goods in latest trade salvo

-- 2018-08-04 11:05:13

China proposed retaliatory tariffs on $60 billion worth of US goods ranging from liquefied natural gas (LNG) to some aircraft on Friday, as a senior Chinese diplomat cast doubt on prospects of talks w...

India to impose tariffs on some US goods in September

India to impose tariffs on some US goods in September

-- 2018-08-04 10:41:24

India said on Saturday that new higher tariffs against some goods imported from the United States will go into force on September 18. New Delhi, incensed by Washington’s refusal to exempt it fr...

New projects come up when older ones fail to deliver

New projects come up when older ones fail to deliver

FHM Humayan Kabir 2018-08-04 10:16:41

Despite slow progress in some ongoing prepaid meter installation schemes, electricity distributors are going to start three bigger projects, officials said on Friday. In addition, the electricity con...

Study finds inefficiency, lack of financing as obstacles

Study finds inefficiency, lack of financing as obstacles

FE Report 2018-08-04 10:11:33

Inefficiency and lack of financing and natural resources were found to be the obstacles to turning the country's ready-made garment (RMG) sector into green industry, according to a study. In Bangla...

Jute farmers to get loans at 4.0pc interest rate

Jute farmers to get loans at 4.0pc interest rate

Syful Islam 2018-08-04 10:06:34

Textiles and jute ministry has decided to offer loans at 4.0 per cent interest rate to farmers, officials said. The loans will be disbursed from the proposed Tk 100 billion Jute Sector Development...

Ride-sharing creates jobs for youths

Ride-sharing creates jobs for youths

Jubair Hasan 2018-08-04 09:56:24

Ride-sharing service has emerged as a welcome relief for hundreds of youths who now dream of living better with income opportunities. Students to part-time or even permanent employees are taking to...

MFS providers look wide apart over impact

MFS providers look wide apart over impact

Mehdi Musharraf Bhuiyan 2018-08-04 09:50:44

The country's top mobile financial service (MFS) providers have sparred over the possible impact of the new MFS regulations. Some have termed the new regulations timely and effective, but others have...

Global brands band together against Accord wind-down

Global brands band together against Accord wind-down

Monira Munni 2018-08-04 09:44:03

More than 180 global apparel brands have warned that any premature shutdown of the Accord might lead them to reconsider Bangladesh as their sourcing destination. The brands currently sourcing apparel...

Gold drops to lowest since March 2017

Gold drops to lowest since March 2017

-- 2018-08-03 22:14:33

A stronger dollar combined with a slump in the Chinese currency pushed gold down to the weakest in nearly 17 months on Friday and some analysts expect further downside. Spot gold was unchanged at $1,...

Xiaomi to launch Redmi S2 in BD market

Xiaomi to launch Redmi S2 in BD market

-- 2018-08-03 14:53:53

Global technology company Xiaomi has announced Redmi S2 to be available nationwide in the Bangladesh market. The users can purchase Redmi S2 now from daraz.com.bd, more than 100 Mi Authorised Stores...

GM seeks to exclude China-made Buick SUV from tariff

GM seeks to exclude China-made Buick SUV from tariff

-- 2018-08-03 14:04:30

General Motors Co (GM.N) is seeking an exemption to a 25 per cent US tariff on its Chinese-made Buick Envision sport utility, the automaker said on Thursday, in a move to prevent the key model in the...

Toyota posts 19pc profit jump for Q1 in Asia sales

Toyota posts 19pc profit jump for Q1 in Asia sales

-- 2018-08-03 12:41:40

Toyota Motor Corp on Friday posted a 19 per cent profit jump for the first quarter (Q1) on the back of higher sales and cost reductions in Asia. Operating profit at Japan’s largest automaker...

Families of plane crash victims to finally get compensation

Families of plane crash victims to finally get compensation

Mir Mostafizur Rahaman 2018-08-03 12:08:30

The families of some of the victims of the US-Bangla airplane crash in Nepal are finally going to receive compensation from the insurer on August 6. According to the officials concerned, the maximum...

Prices of chicken, egg shoot up

Prices of chicken, egg shoot up

FE Report 2018-08-03 11:17:23

Prices of chicken, egg, onion and vegetables have increased further this week, adding to the woes of consumers already battered by high prices of essentials. The prices of broiler chicken went up to...

Ensure common valuation of imported goods: NBR

Ensure common valuation of imported goods: NBR

Doulot Akter Mala 2018-08-03 10:12:14

The Customs Wing of National Board of Revenue (NBR) issued a standing order on Wednesday to ensure common valuation process of imported products in a bid to check under-invoicing. As per the latest o...

Australian trade surplus swells  as China sucks up resources

Australian trade surplus swells as China sucks up resources

-- 2018-08-02 22:42:21

SYDNEY, Aug 02 (Reuters): Australia's trade surplus blew past expectations in June as exports to China boomed to their second highest on record, a sign the commodity-leveraged country was weathering t...

Bridge authority, Spanish co ink deal to conduct study on building subways

Bridge authority, Spanish co ink deal to conduct study on building subways

-- 2018-08-02 21:53:04

Bangladesh Bridge Authority (BBA) has teamed with a Spanish company to conduct a feasibility study on building subways in the capital. BBA and the Spanish firm TYPSA signed an agreement in this regar...

GP reduces tariff on two internet offers

GP reduces tariff on two internet offers

-- 2018-08-02 20:33:21

Grameenphone (GP) has reduced tariffs of two internet packages in accordance with government decision to reduce VAT on internet usage from 15 per cent to 5.0 per cent. From August 3, 2018, the curren...

MRP, warranty policy on computer hardware come into effect

MRP, warranty policy on computer hardware come into effect

FE Report 2018-08-02 18:23:52

'Maximum Retail Price (MRP) policy 2018' and 'Warranty policy 2018' on computer hardware became effective from July 22 across the country.  Bangladesh Computer Samity (BCS) revealed the informat...

L'Oreal takes over German cosmetics firm Logocos

L'Oreal takes over German cosmetics firm Logocos

-- 2018-08-02 16:28:23

Cosmetics group L’Oreal said on Wednesday it had bought Germany’s Logocos Naturkosmetik, a manufacturer of vegan beauty products increasingly in vogue with the French group’s custome...

Prudential, Babylon join forces  on digital health services in Asia

Prudential, Babylon join forces on digital health services in Asia

FE Online Desk 2018-08-02 15:51:27

Prudential Corporation Asia has entered into an exclusive partnership agreement with UK-based healthcare technology and services company Babylon Health. It made the announcement in a Media OutReach-f...

DHL Global Forwarding launches ‘cold chain’ warehouse

DHL Global Forwarding launches ‘cold chain’ warehouse

FE Online Desk 2018-08-02 15:50:54

DHL Global Forwarding, the leading international provider of air, sea and road freight services, launched a new temperature-controlled warehouse in Indonesia’s Jakarta to help the country’...

Starbucks ties up with Alibaba for China coffee delivery

Starbucks ties up with Alibaba for China coffee delivery

-- 2018-08-02 13:43:55

Starbucks is partnering with Alibaba to deliver its coffee in Chinese cities, betting the move will revive sales growth in its second-largest market that is witnessing aggressive competition from loca...

Tesla flags promise of profit as Model 3 production steadies

Tesla flags promise of profit as Model 3 production steadies

-- 2018-08-02 13:18:27

Tesla said it would produce its new Model 3 sedan at a profit after several recent weeks in which output stabilized, buoying hopes that the electric vehicle maker led by Elon Musk will stanch its fina...

Apple to pay $145m in damages to Canada's WiLan

Apple to pay $145m in damages to Canada's WiLan

-- 2018-08-02 10:50:45

A federal jury in California has awarded Canadian patent licensing company WiLan $145.1 million in damages against Apple for patent infringement, according to a court filing on Wednesday. The jury in...

Trump's overture to emerging Asia drowned out by trade war

Trump's overture to emerging Asia drowned out by trade war

-- 2018-08-02 10:48:50

When the US Secretary of State flies into Southeast Asia this week with a new investment pitch for the region, the response could be: thanks a million, but please stop threatening a trade war with Chi...

BHBFC to open 60 branches without adequate manpower

BHBFC to open 60 branches without adequate manpower

SM Najmus Sakib 2018-08-02 10:21:51

The Bangladesh House Building Finance Corporation (BHBFC) is going to open 60 branches across the country this month without recruiting adequate manpower beforehand, sources said. Activities have a...

Probashi Kallyan Bank now a scheduled bank

Probashi Kallyan Bank now a scheduled bank

FE Report 2018-08-02 10:12:46

The Probashi Kallyan Bank (PKB) has been enlisted as a scheduled bank with effect from July 30, according to a circular issued by the Bangladesh Bank (BB). PKB has been enlisted as a scheduled bank...

Disbursement of farm loan by banks exceeds target

Disbursement of farm loan by banks exceeds target

FE Report 2018-08-02 10:05:54

Disbursement of farm loan by the scheduled banks exceeded their total target in the end of last fiscal year (FY) as banks strengthened disbursement drives, a central bank official said. The banks w...

Oil steadies to trade higher after losses

Oil steadies to trade higher after losses

-- 2018-08-02 09:57:22

Oil prices rose on Thursday, steadying after losses over the past two days from a surprise increase in US crude inventories and renewed concerns over trade friction between the US and China. Brent cr...