The latest economic data from the eurozone is a disappointment. The Composite PMI (a survey of purchasing manager conducted by Markit) came in at 49.7, down from the 50.4 recorded in January. A figure below 50 shows a contraction, and will fuel fears that the eurozone will officially fall into recession this quarter. More to [...]
Some 20 million cubic feet gas is going to be added to the national grid as lifting and supply of gas from Fenchuganj-4 well is being launched on Wednesday. “All preparations through experimental lifting and supply have ended. We hope that the supply will start around 2:30pm,” Bangladesh Petroleum Exploration and Production Company Limited [...]
Share prices at the country’s premier bourse, Dhaka Stock Exchange (DSE) witnessed small gain in early trading on Monday. The DSE benchmark index, DGEN gained 33.37 points or 0.14 percent to stand at 4220.78 at 12 pm today. Of the issues traded till then, 146 gained, 40 suffered losses and 22 remained unchanged. Meanwhile, [...]
The eurozone economy shrank at the end of 2011 and will flirt with a mild recession under the weight of the sovereign debt crisis, but strength in France and resilience in Germany may keep it above water. The drag is coming from a stricken, debt-laden south, epitomised by a slumping Italy. Economic output in the [...]
Oil prices sank in Asian trade on Tuesday as eurozone debt worries rose to the fore once again after Moody’s slashed the ratings and outlooks for nine European countries. New York’s main contract, light sweet crude for delivery in March, fell 39 cents to $100.52 a barrel in the afternoon and Brent North Sea crude [...]
Santos, the operator of Sangu gas field, has found new gas zone at Sangu-11, situated in Block 16 in the Bay of Bengal. “Santos’s officials apprised us today (Monday) that they found a new gas zone at Sangu 11,” Dr. Hossain Monsur, Chairman Petrobangla told The Independent. He said that the gas could be added [...]
Apple is facing demonstrations on Thursday at a half-dozen of its retail stores around the world from customers concerned about how Apple’s suppliers treat their factory workers in China and other overseas locations. The protests are the offline outgrowth of an online petition drive launched two weeks ago on social activism site Change.org. Created by [...]
Despite posting initial gains, the Dhaka Stock Exchange general index (DGEN) fell 135.63 points at the end of day’s trading on Wednesday. The index stood at 3809.77 points at close, a 3.44-percent slid. Values of 221 issues declined, 27 issues rose and 10 remained unchanged in Tk 2.17 billion trading of shares and mutual funds [...]
The benchmark index of Dhaka Stock Exchange (DSE) rose over 9 percent as all traded issues gained on Tuesday, a day after the market took a nosedive. Beginning the day on a healthy note, the DSE general index gained 162.44 points, or 4.49 percent, in only five minutes of trading, rising further to 3945.39 points [...]
The US economy created 243,000 jobs in January, the highest total for nine months, official figures show. The rise was much more than expected. Analysts had forecast an increase of about 150,000 jobs. The unemployment rate dropped to 8.3%, which was the lowest rate in nearly three years, and down from a revised rate of [...]