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The Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed mixed trend in early trading on Thursday as investors were active both sides of trading fence. After 30 minutes of trading, the key index of the country’s major bourse edged 0.55 point up while the Selective Category Index of the port city bourse fell 0.96 point when the report was filing at 11:00am. DSEX the prime index of the DSE went up by 0.55 points to 5,626.38 points when the report was filed at 11:00am. The DS30 index, comprising blue chips also advanced 3.11 points or 0.15 per cent to stand at 2,036.57 points. However, the DSE Shariah Index (DSES) also lost 1.28 points or 0.09 per cent to reach at 1,311.86 points. Turnover, the crucial indicator of the market, stands at Tk 2.42 billion on the DSE, when the report was filed at 11:00am, riding on Ratanpur Steel and LankaBangla Finance. Ratanpur Steel dominated the turnover chart with shares worth Tk 198 million changing hands till then, followed by LankaBangla Finance Tk 155 million, Bangladesh Building Systems Tk 148 million, Beximco Tk 133 million and Al-haj Textile Tk 110 million. Of the issues traded till then, 127 advanced, 78 declined and 51 issues remained unchanged till 11:00am. However, the port city bourse, the CSE, saw positive trend till then with its Selective Category Index – CSCX – advancing 0.96 point to stand at 10,565.47, also at 11:00am. Of the issues traded till then, 65 gained, 52 declined and 23 remained unchanged with a turnover value of Tk 104 million. -Babul-....

Published at: 2017-02-23 00:00:05

Japan's Nikkei share average fell on Thursday morning as financial stocks weakened after US yields fell on the cautious tone struck in minutes of the latest Federal Reserve monetary policy meeting. The Nikkei dropped 0.5 per cent to 19,290.02 in midmorning trade. The securities sector and banking sector fell 1.6 per cent and 1.5 per cent, respectively, being the two worst performers on the board. US 10-year yields fell as low as 2.391 per cent, their lowest level since Feb. 9. According to the minutes released on Wednesday, many Fed policymakers said it may be appropriate to raise rates again "fairly soon" should jobs and inflation data come in line with expectations. That cautious tone regarding raising interest rates prompted a fall in US yields. Nomura Securities dropped 2.1 per cent, Mitsubishi UFJ Financial Group shed 1.2 per cent. Exporters lost ground, with Toyota Motor Corp falling 0.3 per cent and Honda Motor Co down 1.5 per cent. The US currency fell to a low of 112.905 yen overnight in a knee-jerk reaction to the Fed meeting minutes but had pulled back to 113.28 early on Thursday. The broader Topix dropped 0.4 per cent to 1,550.79 and the JPX-Nikkei Index 400 shed 0.4 per cent to 13,907.77, according to Reuters.....

Published at: 2017-02-23 00:00:05

Mexico has condemned new guidelines issued by the United States, under which almost all illegal immigrants can be subject to deportation. The new rules include sending undocumented people to Mexico, even if they are not Mexicans. But Mexican Foreign Minister Luis Videgaray says his country cannot "accept unilateral decisions imposed by one government on another." Two top US officials are in Mexico to discuss the measures. Secretary of State, Rex Tillerson, and the head of Homeland Security, John Kelly, will hold talks with President Enrique Pena Nieto, amid one of the most serious rifts between the two neighbours in recent years. The changes announced on Tuesday include plans to enforce an existing provision of the US Immigration and Nationality Act that allows authorities to send illegal immigrants back to Mexico, regardless of where they are from. But it is unclear whether the US has authority to force Mexico to accept foreigners. The Obama government focussed on deporting immigrants convicted of serious crimes. Now, the new priorities are broad enough to apply to almost any illegal immigrant, including anyone who has been charged with a crime, misrepresented themselves, poses a risk to public safety, or "abused any programme related to receipt of public benefits". The new guidelines also allow Border Patrol and Immigration and Customs Enforcement to deport people immediately. Expedited deportations can now be used against undocumented immigrants anywhere in the US, who are unable to prove they have been in the country for more than two years. Previously, expedited removals were applied to people who had been in the country for less than two weeks and were within 100 miles of the border. An estimated 11 million undocumented immigrants live in the US, many of them from Mexico. Read more on the Trump administration and immigration: Is the US on a new deportation drive? A Mexican man killed himself, hours after being deported from the US How an updated executive order from President Trump will attempt to revive the travel ban struck down by the courts National Park Service police are investigating after a giant "Refugees Welcome" banner was illegally attached to the Statue of Liberty Mr Videgaray said on Wednesday that Mexico would not accept the new rules. "We are not going to accept that because we don't have to and it is not in the interest of Mexico." "We also have control of our borders and we will exercise it fully," he added. He said his country was prepared to go to the United Nations to defend the freedoms and rights of Mexicans under international law. Roberto Campa, head of the human rights department of Mexico's interior ministry, said the plan to deport non-Mexicans to Mexico was "hostile" and "unacceptable". Relations between the US and Mexico have been tense under Mr Trump, who has said Mexico will pay for a wall he wants to build on the southern border, expected to cost billions of dollars. Last month, Mr Pena Nieto cancelled a planned meeting with the US president in Washington over disagreements over the wall. President Donald Trump made immigration and border control a key part of his campaign. The government said the new guidelines would not usher in mass deportations, but were designed to empower agents to enforce laws already on the books. Earlier, in Guatemala, Mr Kelly reinforced that the measures did not signal mass deportations. "We will be looking primarily at criminal offenders first. But there will be no mass round-ups, and when we do take someone into custody, they're then put into the American legal justice system, that's the courts, and the courts will decide what'll happen to them," he told reporters. Despite the tensions, White House Press Secretary Sean Spicer said on Wednesday that the relationship with Mexico was "phenomenal right now". He said he expected a "great discussion" between US and Mexican officials. The talks are expected to also include drug trafficking and the North American Free Trade Agreement, among other issues.  ....

Published at: 2017-02-23 00:00:05

Asian stock markets were mixed with subdued movements on Wednesday as investors awaited the Fed's latest meeting minutes due later in the day. Japan's Nikkei 225 fell 0.2 per cent to 19,345.12 while South Korea's Kospi added 0.2 per cent to 2,106.18. Hong Kong's Hang Seng index jumped 0.8 per cent to 24,154.38. Shanghai Composite Index inched down 0.1 per cent to 3,250.25. Australia's S&P/ASX 200 gained 0.1 per cent to 5,797.80. Stocks in Southeast Asia were mixed. Wall Street again broke records Tuesday. The Dow Jones industrial average climbed 118.95 points, or 0.6 per cent, to 20,743. The Standard & Poor's 500 index rose 14.22 points, or 0.6 per cent, to 2,365.38.  The Nasdaq composite gained 27.37 points, or 0.5 per cent, to 5,865.95. All three indexes are at record highs after rising nine times in the last 10 days.  US markets were closed Monday for the Presidents Day holiday. Benchmark US crude oil rose 21 cents to $54.54 per barrel in New York. The contract rose 55 cents to close at $54.33 per barrel on Tuesday.  Brent crude, used to price international oils, added 29 cents to $57.05 a barrel in London. The dollar weakened to 113.41 yen from 113.57 yen. The euro rose slightly to $1.0547 from $1.0546, according to AP.....

Published at: 2017-02-22 00:00:06

Police arrested two alleged criminals along with three firearms and 33 bullets from Motijheel area of Dhaka city on Tuesday. The arrestees were identified as Nahidul Islam, 30, and Nazmul Hossain Noman, 29, according to UNB report. Omar Faruque, officer-in-charge of Motijheel Police Station, said a special police team challenged the duo at Jasimuddin Road of Motihjeel. Searching them, the law enforcers recovered one pistol loaded with several bullets. Based on their statements, they also raided a multi-storey building and recovered two more pistols and several bullets from its 4th floor flat, said the OC.  Replying to a query, he said Noman is a student of law department of World University and Nahid is a former student of the same department. A case was filed with the police station under the Arms Act.....

Published at: 2017-02-22 00:00:06