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Business
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Rich-poor gap rising in China, says ADB
Inequality in China is worsening as the rich are getting richer much faster than the poor, the Asian Development Bank said Wednesday, despite government efforts to narrow the gap.
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Ban on trading of 2 directors' shares
Bangladesh Bank has put a bar on transfer of shares of Jamuna Bank and Uttara Bank held by the banks' two sponsor directors and their relatives, who hold over 10 percent shares in the banks in violation
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India curbs external borrowing by firms
Move to check fund inflow, rupee appreciation
Seeking to rein in flow of funds into the country and appreciating value of the national currency, India has imposed curbs on external commercial borrowings by Indian companies.
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Jobs aplenty in Japan after 16 years
For soon-to-be college graduates on the job hunt, this year is said to be a seller's market favourable to job-seekers, a situation last seen in the bubble economy of the late 1980s.
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Trade thru' Benapole port comes to a halt
Hundreds of trucks loaded with goods from India remained stranded on the border following the suspension of export and import activities through Benapole land port yesterday.
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Singapore economy grows 7.6pc
Singapore's economy beat expectations to grow a strong 7.6 percent in the first half over the previous year, Prime Minister Lee Hsien Loong said Wednesday.
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China bans British meat, animals
China has banned the import of foodstuffs containing beef, pork, lamb, as well as those live animals, from Britain after outbreaks of foot and mouth disease there, Chinese state media said Wednesday.
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Euro edges up against dollar
The euro rebounded against the dollar on Wednesday, a day after sliding on prospects that US interest rates will remain at 5.25 percent for a while longer instead of heading lower, traders said.
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Eskayef launches anti-migraine medicine
Eskayef Bangladesh Limited, one of the leading pharmaceutical companies of the country, has launched a new drug, TUFNIL® tablet, for treatment of migraine for the first time in Bangladesh, says a press
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Cathay Pacific posts strong first-half net profit
Cathay Pacific posted a strong first-half net profit of 2.58 billion Hong Kong dollars (330 million US) Wednesday, exceeding expectations, and said they were ideally placed to benefit from China's growth.
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France sees little chance of WTO accord
WTO trade liberalisation talks stand little chance of bearing fruit given the proposals under discussion by negotiators, French Secretary of State Herve Novelli warned Wednesday.
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