Xinhua, Seoul : South Korea plans to unveil its three-year plan for economic innovation next month mentioned by President Park Geun-hye during her news conference on Monday, local media reported Tuesday. “As President Park said during the New Year’s speech, we will draw up the three-year economic innovation plan as soon as we can and unveil it by the end of February,” Yonhap news agency quoted Finance Minister Hyun Oh-seok as saying. Hyun added that the plan will especially deal...
Xinhua, Frankfurt : A survey released by a market research company Monday showed that the economic recovery in the eurozone accelerated at the end of 2013. The final euro zone Purchasing Manager Index (PMI) Composite Output Index rose to 52.1 in December from 51.7 in November, the second highest level during the past two and a half years, according to the survey result of Markit, a leading global financial information services company. It is a sign that the economic recovery...
AFP, Zurich : Switzerland’s central bank said Monday it lost billions in 2013 as gold prices plunged and therefore could not pay dividends to the Swiss cantons for the first time in more than a century. The Swiss National Bank (SNB) has been dishing out dividends to the Swiss cantons ever since its creation in 1907, and to the Swiss Confederation since 1991. But on Monday the bank said neither would receive handouts this year, after provisional figures showed it...
Xinhua, Hanoi : The signing of free trade agreements, which are expected to conclude in 2014, will contribute to boosting exports of Vietnamese commodities, said an official of Vietnam’s Ministry of Industry and Trade (MoIT). Tran Thanh Hai, deputy general director of Import-Export Agency under MoIT said on the website of the ministry Monday that trade cooperation documents including the Trans-Pacific Partnership (TPP), and free trade agreements (FTAs) between Vietnam and the European Union (EU), the European Free Trade Association...
By Doug Gross, CNN STORY HIGHLIGHTS Samsung says its Galaxy S5 phone will be released by April Vice...
Local Hajj agencies need not to take approval from Bangladesh Bank to send collateral money to Saudi agents for those going to Saudi Arabia to perform Umrah.Bangladesh Bank’s Foreign Exchange Policy Department informed various banks of its new policy on Monday.The Saudi embassy usually gives visa through a Hajj agency, and local agents deal with their associates in Saudi Arabia.The Saudi agents take 100,000 Saudi Riyal from Bangladeshi agents as collateral money to ensure people return home after performing Umrah.Earlier,...
Business Desk :The High Court has ordered chemical testing of all kinds of spices marketed by Pran Agro Ltd to...
The new government’s major challenge is to restore faith in a bid to accelerate economy, former Bangladesh Bank Governor Md...
Xinhua, LondonMore than 500 people from various circles of Britain gathered in London Tuesday exchanging views on China’s transformation and the opportunities for British Companies, as British Prime Minister David Cameron claimed that China is a market that the two countries can cooperate for growth and reform.At the Chinese Business Conference, the third of the annual event organized by the China Britain Business Council in London, participants had in-depth discussions on such subjects as China in transformation, positioning Britain, opportunities...