• Images

    Chinese wealth may get harder to snag for global bankers

    Reuters . Hong Kong/Shanghai | Updated at 12:35am on October 25, 2018

    News of a foreign wealth manager being denied exit from China last week is raising concerns for global private banks, as they seek to tap trillions of dollars of wealth offshore in the face of Beijing’s growing curbs on overseas investments and outflows....

  • Images

    Eurozone businesses hit the brakes as trade war stalls growth

    Reuters . London | Updated at 12:23am on October 25, 2018

    Euro zone business growth slowed much faster than expected this month, dragged down by waning orders that put a big dent in confidence, adding to evidence the bloc’s halcyon days are behind it for now, a survey showed....

  • Images

    Shares sink toward one-year low as bears bite again

    Reuters . London | Updated at 03:54am on October 24, 2018

    An ugly start to European trading pushed world shares towards their lowest level in a year on Tuesday, as negative drivers from Saudi Arabia’s diplomatic isolation to worries about Italy’s finances and trade wars piled on the pressure....

  • Images

    Kabir becomes chair, Shahidul vice-chair of Sonar Bangla Ins

    Business Desk | Updated at 03:52am on October 24, 2018

    Sheikh Kabir Hossain and Shahidul Islam Niru

  • Images

    Saudi sees deals worth $50 billion at investment confce despite boycotts

    Reuters . Riyadh | Updated at 03:47am on October 24, 2018

    Saudi Arabia was set to sign deals worth $50 billion on Tuesday at the opening of an investment conference despite being overshadowed by the killing of journalist Jamal Khashoggi which prompted a boycott by Western politicians, top world bankers and company executives....

  • Images

    With record dry powder, pvt equity poised for Asia M&A boom

    Reuters . Hong Kong | Updated at 03:46am on October 24, 2018

    Dealmaking by private equity firms in Asia has surged this year, data showed, underscoring their rising presence in the region’s otherwise stolid, tycoon-dominated M&A scene, backed by an unmatched warchest....

  • Images

    Pakistan PM seeks loans to reservice debts, investments

    Reuters . Riyadh | Updated at 03:39am on October 24, 2018

    Pakistan is seeking loans from the International Monetary Fund (IMF) and friendly countries to reservice debt and shore up its economy, prime minister Imran Khan said on Tuesday....

  • Images

    Dhaka stocks’ slump halted but turnover dips to 4-month low

    Staff Correspondent | Updated at 03:38am on October 24, 2018

    Dhaka stocks ended flat on Tuesday after a steep fall in the previous two sessions as investors, encouraged by a regulatory intervention to check the plunge, went for bargain hunting, market operators said....

  • Images

    GP profit soars 27.63pc in Q3 on data Vat cut, unifrom call rate

    Staff Correspondent | Updated at 03:36am on October 24, 2018

    The net profit of leading mobile phone operator Grameenphone increased sharply by 27.63 per cent in July-September of 2018 compared with that in the same quarter of last year due to a cut in VAT rate on internet and introduction of uniform call rate by the government....

  • Images

    PSB seeks govt fund to raise paid up capital to Tk 600cr

    Staff Correspondent | Updated at 03:31am on October 24, 2018

    Palli Sanchay Bank has sought additional fund from the ministry of finance to increase its paid up capital to Tk 600 crore....