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The Financial Express

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Indonesia farms see boom in online sales of sacrificial animals for Eid

Indonesia farms see boom in online sales of sacrificial animals for Eid

REUTERS 2020-07-29 14:36:35

As Indonesian Muslims prepare to celebrate the Eid al-Adha festival, farms are seeing a boom in online sales that limit the need for people to visit farms during the pandemic to buy the goats, sheep a...

Trade activities at Sonamasjid land port to remain suspended for four days

Trade activities at Sonamasjid land port to remain suspended for four days

-- 2020-07-29 14:08:34

The export-import activities at Sonamasjid land port remained suspended for four days from August 1 on the occasion of Eid-ul-Azha, the second largest religious festival of the Muslims. Toufiqur Rahm...

Dollar wallows near two-year low as coronavirus keeps Fed in a bind

Dollar wallows near two-year low as coronavirus keeps Fed in a bind

REUTERS 2020-07-29 11:18:20

The dollar languished near two-year lows on Wednesday as the United States struggled to contain a spike in coronavirus cases, dashing hopes for a quick economic recovery. The dour outlook for the wor...

Global air travel unlikely to recover until 2024, says airline body

Global air travel unlikely to recover until 2024, says airline body

Reuters 2020-07-29 10:25:17

Global airlines cut their coronavirus recovery forecast on Tuesday, saying it would take until 2024 - a year longer than previously expected - for passenger traffic to return to pre-crisis levels. In...

Virus puts damper on haribhanga biz

Virus puts damper on haribhanga biz

SAJIBUR RAHMAN, from Rangpur city 2020-07-29 09:56:20

Billal Ahmed, a mango grower at northern Mithapukur sub-district, scolds his own fate as he sold out all his 'haribhanga' orchards at poor prices last May. The 36-year-old gardener traded his produce...

Cattle markets still sluggish

Cattle markets still sluggish

-- 2020-07-29 09:50:24

Cattle markets in Dhaka city did not see an expected rush of customers even on Tuesday, just three days ahead of Muslims' second-biggest Eid-ul-Azha festival. While cattle traders took a 'wait-and-...

Banks at RMG industrial areas to remain open on Friday

Banks at RMG industrial areas to remain open on Friday

-- 2020-07-28 19:03:47

Branches of the scheduled banks in the readymade garments (RMG) industrial areas will remain open on July 31 (Friday) for the convenience of paying the workers’ salaries. “Branches of the...

India's Flipkart to offer 90-minute deliveries

India's Flipkart to offer 90-minute deliveries

Reuters 2020-07-28 15:13:02

India’s Flipkart said on Tuesday it plans to offer 90-minute deliveries for groceries and home accessories, as the Walmart-owned online retailer goes head to head with Amazon.com in a...

Emirates increases frequencies to Dhaka from August 3

Emirates increases frequencies to Dhaka from August 3

FE Online Desk 2020-07-28 13:55:04

Emirates has announced it  will add frequencies to Dhaka taking the total number of flights to six a week from August 3, offering Bangladeshi customers more access to Dubai and beyond across the...

Mitsubishi Motors hits all-time low as ASEAN sales dive raise recovery doubts

Mitsubishi Motors hits all-time low as ASEAN sales dive raise recovery doubts

-- 2020-07-28 12:27:07

Japan’s Mitsubishi Motors faced doubts about a quick recovery after posting dismal quarterly sales in its key Southeast Asia market partly due to the coronavirus outbreak, sending its shares dow...

Dollar bounces as gold bulls take a breather

Dollar bounces as gold bulls take a breather

REUTERS 2020-07-28 12:10:11

The dollar bounced off a two-year low on Tuesday as selling pressure faded ahead of a Federal Reserve meeting and as political wrangling over the next US fiscal rescue package moved closer to a conclu...

Gold gets more precious as dollar loses value

Gold gets more precious as dollar loses value

-- 2020-07-28 11:15:29

Gold hurtled to record peaks on Tuesday before the sheer scale of its gains drew a burst of profit taking, which lifted the dollar from two-year lows and curbed early equity gains. The precious metal...

Cattle traders at mercy of extortionists in Ctg

Cattle traders at mercy of extortionists in Ctg

Nazimuddin Shyamol 2020-07-28 10:06:31

Cattle traders who are coming to the port city to sell sacrificial animals ahead of Eid-ul-Azha are at the mercy of extortionists and lessees of the makeshift cattle markets. Talking to The FE, some...

BD auctions white tea for first time

BD auctions white tea for first time

Nazimuddin Shyamol 2020-07-28 10:02:58

CHATTOGRAM: For the first time in the history of tea auction in the port city of Chattogram, white tea was sold in the auction on Monday. White tea was sold in the regular auction of the season....

New design of rural roads on the anvil

New design of rural roads on the anvil

MUNIMA SULTANA 2020-07-28 09:49:22

The design of over 70,000-kilometre road at upazila and union levels is set to be revised amid remarkable growth of both traffic volume and rural economy. Sources said local government engineering de...

City cattle markets yet to get usual impetus

City cattle markets yet to get usual impetus

FE REPORT 2020-07-28 09:19:03

Cattle markets in the capital are yet to see buying and selling of sacrificial animals, as customers are still monitoring market trends, while traders are waiting for good prices with only four days l...

Cox's Bazar businesses getting ready to host tourists after Eid

Cox's Bazar businesses getting ready to host tourists after Eid

-- 2020-07-27 20:30:22

Hit hard by Covid-19 fallout, businesses in the tourism sector in the beach town of Cox's Bazar look for a gradual comeback after Eid-ul-Azha eyeing the next winter as an opportunity to stay afloat by...

BARVIDA launches official web portal

BARVIDA launches official web portal

FE Online Report 2020-07-27 19:20:11

The Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) launched its official web portal to ensure the flow of information among concerned parties more easily. The associati...

Furnace oil consumption up after easing of shutdown

Furnace oil consumption up after easing of shutdown

FE ONLINE REPORT 2020-07-27 18:43:54

Consumption of furnace oil peaks up after easing of the nationwide as electricity generation is on rise to meet the mounting domestic demand. The country expects to import around 280,000 tonnes of fu...

Trade through Hili land port to remain suspended for 6 days

Trade through Hili land port to remain suspended for 6 days

-- 2020-07-27 17:13:58

Export-import activities between Bangladesh and India through the Hili land port will remain suspended for six days from July 30 on the occasion of Eid-ul-Azha, the second largest religious festival o...

Deutsche Bank to finish global business activities in coal mining by 2025

Deutsche Bank to finish global business activities in coal mining by 2025

-- 2020-07-27 17:03:21

Deutsche Bank (DBKGn.DE) said on Monday that it would end business activities worldwide related to coal mining by 2025 at the latest. The German lender also said that, effective immediately, it would...

Businessmen demand extension of trading period during Eid

Businessmen demand extension of trading period during Eid

-- 2020-07-27 16:36:32

Businessmen have demanded an extension of the trading period during Eid-ul-Azha to cover the losses they have suffered due to the coronavirus outbreak and lockdowns. They also argue that the governme...

Transit via BD ports for NE India to benefit sub-regional cooperation: ET

Transit via BD ports for NE India to benefit sub-regional cooperation: ET

FE Online Report 2020-07-27 13:49:41

The first trial container ship from Kolkata to Agartala and Karimganj through Chattogram port has not only opened up big opportunities for Indo-Bangladesh trade but also Bangladesh-Bhutan-India-Nepal...

BD women aim to shake up textile sector

BD women aim to shake up textile sector

THOMSON REUTERS FOUNDATION 2020-07-27 13:18:51

Five years ago, Sadeka Begum was working 12-hour shifts in a garment factory as the main earner for her family in Bangladesh. Today the 23-year-old is one of the first graduates of a special universi...

EBL MD's mother passes away

EBL MD's mother passes away

FE Online Report 2020-07-27 12:13:32

Rabeya Khandakar, mother of Ali Reza Iftekhar, Managing Director and Chief Executive Officer (CEO) of Eastern Bank Limited (EBL), has passed away at a specialised hospital in Dhaka.  The 86-year...

Gold hits record high as US-China ties worsen

Gold hits record high as US-China ties worsen

REUTERS 2020-07-27 11:44:40

Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe haven assets, although sentiment was mixed with tech...

Credit risk guarantee sought for lending to remainder of CMSMEs

Credit risk guarantee sought for lending to remainder of CMSMEs

FE REPORT 2020-07-27 10:17:11

The government should provide credit guarantee to banks for sharing the risk of disbursing loans to all cottage, micro, small and medium enterprises (CMSMEs) under the stimulus package, said a senior...

Global prospects dim for China's tech champions as great powers clash

Global prospects dim for China's tech champions as great powers clash

REUTERS 2020-07-27 10:01:13

Huawei Technologies’ founder Ren Zhengfei’s global ambitions are marked in bricks and mortar at a new company campus in southern China, where the buildings are replicas from European citie...

Chinese Yabang set to invest $300m

Chinese Yabang set to invest $300m

SAIF UDDIN 2020-07-27 09:57:42

China's Yabang Group is set to invest $300 million in establishing textile and chemical industries in Bangladesh's economic zone, a top official said. The leading Chinese dye and paint manufacturer...

Eid cattle markets picking up momentum in Ctg

Eid cattle markets picking up momentum in Ctg

NAZIMUDDIN SHYAMOL 2020-07-27 09:54:39

CHATTOGRAM: Markets of sacrificial animals in the port city have started picking up momentum this week, with Eid-ul-Azha drawing nearer. Sources said there is no dearth of sacrificial animals in Ch...