Banks' profits rise slightly

Most private banks saw their profits rise, though slightly, in the first six months this year despite political unrest and a cut in lending rates.

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Forex reserves cross $25b

Bangladesh's foreign currency reserves crossed $25 billion yesterday, setting a new record.

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Xiaomi takes first big step outside Asia with Brazil smartphone

Chinese smartphone maker Xiaomi has started making devices in Brazil for sale locally, promising to dramatically undercut rivals on price in the first big step beyond Asia for the world's most

Global pharma firms grilled about tax in Australia

The world's top pharmaceutical companies Wednesday told an Australian parliamentary hearing they were compliant with local and international laws, despite claims they are charging higher prices to

China parliament ratifies BRICS Bank agreement

China's largely rubber-stamp parliament ratified an agreement with the world's largest emerging nations on Wednesday to create a new development bank, state news agency Xinhua reported.

Thai crackdown on rogue fishing as fears grow over EU ban

A belated Thai clampdown on illegal fishing is forcing unlicensed vessels ashore, threatening to paralyse a key industry as the kingdom desperately tries to avoid a European Union ban on exports

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BB asks FIs to tighten money laundering rules

The central bank today issued a master circular asking all financial institutions (FIs) to follow the anti-money laundering and terrorist financing rules strictly.

Plastic money keeps growing

The use of plastic money rose 5.5 percent in the third quarter of fiscal 2014-15 from the previous quarter as local consumers continue

Sony Corp on Monday unveiled a new high-end Xperia handset featuring an aluminium frame and a 5.2-inch screen, showing it is still

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