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ADP spend far away from target

Ministries and divisions face an uphill task in June as they will have to spend about one-third of the development budget in one month to reach the government's ambitious ADP target.

MTB

Three officials of Mark Bangladesh jailed

Three top officials of Mark Bangladesh Shilpa and Engineering Ltd have each been sentenced to five years in jail yesterday over a case filed for overvaluing assets during the company's initial public offering in 1996.

Ireland, Portugal, Spain and Cyprus: other EU bailouts

The bailout of Greece, where eurozone ministers have declared a severe debt crisis to be over, is the biggest, but not the only, financial rescue of a European Union country.

Ikea bets big on India

Furniture giant Ikea is set to open its first store and restaurant in India after years of trying but arguably its most famous item is off the menu -- Swedish meatballs.

China cuts some banks' reserve requirement ratios

China's central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps) in a move designed to stimulate lending to smaller businesses in needs of funds.

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