Motorcycle manufacturers have demanded duty benefits on component and raw material imports in order to reduce the cost of production and develop the local two-wheeler industry.

New York’s Department of Financial Services on Tuesday said it concluded its investigation of Apple’s credit card and its underwriter Goldman Sachs Group Inc and found no evidence of unlawful discrimination against applicants under the state’s fair lending law.

Private investors will hold a 49 per cent stake in Nagad Ltd and the postal department the rest as the government looks to run the mobile financial service as a subsidiary, its top executive said yesterday.

India’s market regulator on Monday relaxed new valuation norms that were set to affect certain bonds worth more than $12 billion after the government flagged concerns of disruption in debt markets.

The government will provide up to Tk 10 crore to promising start-ups in Bangladesh, said State Minister for ICT Zunaid Ahmed Palak Yesterday.

Shasha Garments is going to invest $5 million to establish a garment manufacturing facility in Dhaka Export Processing Zone.

International retailers and brands are again demanding unusual deferral payment from local apparel suppliers, the second time in a year, saying sales have dropped after Western nations reimposed lockdowns and tougher restrictions because of a surge in coronavirus infections.

NRB Bank has recently appointed a new deputy managing director (DMD). The appointee, Md Shakir Amin Chowdhury, was previously Dhaka Bank’s DMD, says a press release.

Coal India Ltd, the world’s largest coal miner, could venture into solar wafer manufacturing and wants to “aggressively” participate in the country’s solar energy auctions, its chairman told Reuters on Tuesday.

Britain’s unemployment rate dipped to 5.0 per cent in the three months to the end of January, remaining close to five-year highs on the fallout from the coronavirus pandemic, official data showed Tuesday.

The US recovery from the Covid-19 pandemic “looks to be strengthening,” Federal Reserve Chair Jerome Powell said on Monday, but vowed the central bank would continue its efforts to aid racial minorities and other groups hurt most by the downturn.

Microsoft Corp is in talks to buy messaging platform Discord Inc for more than $10 billion, Bloomberg News reported, citing people familiar with the matter.

US stock index futures slid on Tuesday as energy stocks dropped while investors awaited remarks from Fed Chair Jerome Powell and Treasury Secretary Janet Yellen for clues on the pace of economic rebound.

Oil prices slumped Tuesday on lower demand prospects for crude as Europe’s biggest economy Germany said it would reimpose strict containment measures and struggles along with other EU nations to roll out vaccines.

After black, green and white tea, growers in Bangladesh have developed highly valued yellow tea, a development that will take the country to another step forward in saving foreign currencies spent on importing expensive varieties of the beverage.

The country’s stock market bounced back yesterday after crashing for two days, turning many stocks lucrative.

Beacon Pharmaceuticals, the local pioneer of oncology product manufacturing, may export $5 million worth of pharmaceuticals to Syria by December this year -- a huge development for the local pharma industry.

The central bank yesterday allowed “Type-B” companies in export processing zones (EPZs) to enjoy foreign currency loans from an export development fund (EDF).

The central bank yesterday imposed a dividend cap of 30 per cent on non-bank financial institutions (NBFIs).

Prices of chicken meat have risen after growing social gatherings and ensuing Shab-e-Barat and Pahela Baishakh festival fuelled the demand for the protein, said industry operators yesterday.