Bank of America Corp said it plans to slash costs by $3 billion annually in commercial lending, investment banking and wealth management, becoming the latest big bank to take aim at expenses in a sluggish economy. The second-largest U.S. bank announced the cost cuts as it posted second quarter results that illustrate the pressure it [...]

North Korean leader Kim Jong-un was named marshal of the army, the country’s top military rank, in a move that adds to his glittering array of titles and cements his power in the isolated and impoverished state that has a 1.2 million strong military. The decision was made on Tuesday and reported on Wednesday by [...]

Republican Mitt Romney shrugged off growing pressure on Tuesday to release more of his tax returns, and his campaign lashed out at President Barack Obama in an effort to turn the campaign debate away from Romney’s business and financial record. Romney said he would not give in to mounting attacks over his refusal to release [...]

Syria’s defense minister and President Bashar al-Assad’s brother-in-law were killed in a Damascus suicide bomb attack carried out by a bodyguard on Wednesday, the worst blow to Assad’s high command in the country’s 16-month-old rebellion. The bomber, said by a security source to be a bodyguard assigned to Assad’s inner circle, struck a meeting in [...]

Students of Pabna University of Science and Technology, who are boycotting classes for the second consecutive day Wednesday, threatened to launch a tougher movement if they will not get any assurance of meeting their demands from the authorities by noon. The agitating students started boycotting the classes on Tuesday to realise their eight-point demand. They [...]

The agitating Buet teachers postponed their demonstration for two days from Thursday to show respect to the initiative of the education minister to resolve the ongoing crisis. “Education Minister Nurul Islam Nahid has taken initiatives to resolve the impasses. We thank him for that,” said Prof Ashraful Islam, general secretary of Buet Teachers’ Association, while [...]

Bangladesh Bank Governor Atiur Rahman on Wednesday said the central bank is examining the US Senate report that accused Islami Bank Bangladesh Ltd and Social Islami Bank Ltd of terrorist links. The report held responsible British banking giant HSBC’s internal governance failure to control flows of suspect funds which allegedly allowed the two banks in [...]

The government has slashed sugar price by Tk 5 to sell at Tk 55 per kg in the retail market in a move to what the Industries Minister said ‘prevent artificial crisis and protect consumers’ interest during Ramadan.’ “Action will be taken if anyone sells sugar more than the price we’ve fixed,” Dilip Barua told [...]

The results of this year’s Higher Secondary Certificate (HSC) and equivalent exams have been announced with overall pass rate of 78.67 percent, ATN Bangla reports. A total number of GPA (Grade Point Average) 5 scorers reached 61,162. Education Minister Nurul Islam Nahid handed over the result to Prime Minister Sheikh Hasina at her official residence [...]

Goalkeeper Petr Cech says Chelsea have the belief to become the first team to defend the Champions League title. The 30-year-old saved a penalty in extra-time and another in the shoot-out as the Blues beat Bayern Munich to lift the trophy for the first time. “That was the moment Chelsea joined the best in the [...]