New Age

BSTI forms body to finalise upward revision of certification fees

Staff Correspondent | Updated at 12:00am on August 19, 2019

Bangladesh Standard and Testing Institution has formed a committee to finalise the proposed hike in fees for product certification. The country’s standardisation body has recently...
Stocks gain in post-Eid thin trading

Staff Correspondent | Updated at 12:00am on August 19, 2019

Dhaka stocks on Sunday gained marginally amid poor participation of investors as trading resumed on the bourse after a 9-day Eid holiday. DSEX, the key...
New tax on stock dividend to be effective from next FY

Staff Correspondent | Updated at 12:00am on August 19, 2019

The new taxes imposed on listed companies’ stock dividend declaration and retained earnings will be applicable on the entities’ income for the current fiscal year...
Rural bank branch percentage falls by 11.5 in 18 years

Staff Correspondent | Updated at 12:00am on August 19, 2019

Bank branches in rural areas as opposed to urban areas declined by 11.5 percentage points in the past 18 years despite the central bank’s initiatives...
US removes some China furniture, modems from planned 10pc tariffs

Reuters . Washington | Updated at 12:00am on August 18, 2019

The Trump administration is sparing some Chinese-made household furniture, baby items and internet modems and routers from its next rounds of 10 per cent tariffs, it said...
US set to give Huawei another 90 days to buy from American suppliers

Reuters . Singapore/Washington | Updated at 12:00am on August 18, 2019

The US Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from US companies so that it can service existing...
Denmark files $1.75b lawsuit against Novo Nordisk

Reuters . Copenhagen | Updated at 12:00am on August 18, 2019

Danish insulin-maker Novo Nordisk said it would fight a lawsuit filed in a Danish court on Friday which alleges the company made misleading statements about its insulin business in the...
Global rate cuts mark broadest policy shift since crisis: Fitch

Reuters . Washington | Updated at 12:00am on August 18, 2019

A flurry of interest rate cuts by the US Federal Reserve and a host of other central banks marks the broadest shift in global monetary policy since the depths of the financial crisis in 2009, analysts at...
Deforestation in Brazil, vote in Argentina endanger EU-Mercosur pact

Reuters . Brasilia | Updated at 12:00am on August 18, 2019

Brazil’s backsliding on Amazon conservation under right-wing President Jair Bolsonaro and a likely Peronist return to power in Argentina could delay or even derail ratification of an EU-Mercosur trade...
China unveils rate reform to steer funding costs lower for firms

Reuters . Beijing | Updated at 12:00am on August 18, 2019

China’s central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies and support a slowing economy that has been hurt by a trade war with...