WASHINGTON, Nov 7 (Reuters): Donald Trump's victory in the US presidential election has darkened the outlook for a strong deal at the COP29 climate summit next week and will increase pressure on Europe and China to lead international progress in...
FE REPORT | 2024-11-08 00:00:00
The Cyber-security Act now gets under the axe as the council of advisers of the interim government Thursday decided in principle to repeal the contentious law.Disclosing this, among other decisions made in a meeting of the council, Shafiqul Alam, Press...
FE REPORT | 2024-11-08 00:00:00
The government has introduced Orange Bonds with an intent to mobilise $1.0 billion immediately and up to $10 billion by 2030, aiming for sustainable and inclusive growth and gender-equitable economic empowerment.The United Nations Development Programme (UNDP) and Impact Investment Exchange...
SIDDIQUE ISLAM | 2024-11-08 00:00:00
Woes of private entrepreneurs compounded with formal-credit flow to the businesses having plummeted by 66 basis points to 9.20 per cent in September as their business-expansion plans get stymied.Money-market analysts and industry-insiders term such continuous ebb in the demand for...
FE REPORT | 2024-11-08 00:00:00
Controlling inflation may take 12 to 18 months, as required in the case of all countries after the tightening of monetary policy, says the central bank's governor as inflationary pressure hits a new high. The Bangladesh Bank Governor, Dr Ahsan...
FE REPORT | 2024-11-08 00:00:00
Over-all inflation heated up to 10.87 per cent in October with people in rural Bangladesh hit hard as the consumer price index (CPI) rose faster there by official count.The revelation made Thursday prompted the interim government's finance and banking authorities...
Asian equities, excluding China, witnessed sharp foreign outflows in October, as investors wary of the US presidential election outcome reacted to concerns over weaker-than-expected corporate earnings, overvalued stocks and rising bond yields, reports Reuters.According to LSEG data, foreigners offloaded a...
LONDON, Nov 7 (Reuters): Investors are bracing for further economic pain in Europe that could deepen euro losses and hurt its stocks, as a second Donald Trump presidency raises the prospects of hefty tariffs.European bonds emerged as winners, as expectations...
HONG KONG/SYDNEY, Nov 7 (Reuters): More US financial firms may pull back from China, hive off local units to minimise risks or pause expansion plans on concerns about geopolitical tensions in a Donald Trump presidency, industry executives and analysts said.Mainland...
TOKYO, Nov 07 (Reuters): Nissan Motor announced a $2.6 billion cost saving plan on Thursday, including 9,000 job cuts and a 20 per cent reduction in global production capacity as it battles falling sales in China and the United States.Japan's...
SHANGHAI, Nov 07 (Reuters): US agriculture producers are bracing for the prospect of a fresh trade war under US President-elect Donald Trump again hitting exports of farm goods to China, but they said while any new tariffs would hurt, they...
NEW DELHI, Nov 07 (Reuters): India's financial crime agency has raided offices of some sellers operating Amazon and Walmart-owned Flipkart in an investigation into alleged violations of foreign investment rules, two government sources said on Thursday.The searches come weeks after...
Regal Emporium, the country's leading furniture chain shop, has launched a campaign called 'Honey Bird,' offering customers a chance to win a honeymoon to Indonesia, along with discounts on furniture purchases. In addition to the chance to visit Bali for...
Sonali Bank Employees Association (CBA) congratulated Md Shawkat Ali Khan, the newly appointed CEO & MD of Sonali Bank PLC. CBA President Md Zakir Hossain and Secretary Md Mahbub Hossain greeted the new CEO with a bouquet recently. The CBA...
Bangladesh Bank hosted the closing ceremony of the 'Programme to Support Safety Retrofits and Environmental Upgrades in the Bangladeshi Ready-Made Garments (RMG) Sector (SREUP)' on Wednesday. The event celebrated SREUP's remarkable achievements in promoting sustainable practices and improving safety standards...
The United Nations Global Compact Network Bangladesh celebrated Sustainability Day 2024 with an event at a city hotel on Wednesday. This year's theme, "Building Resilience: Advancing Sustainability," reflects the critical moment in Bangladesh's history, with a change in the political...
Shipping Adviser Brigadier General (retd) Dr M Sakhawat Hussain on Thursday urged local and foreign investors to invest in the country's maritime and offshore industry to tap huge opportunities of the sector.He made the call while inaugurating the 6th edition...
Prime Bank has recently signed a payroll agreement with BS Group at the bank's corporate office. Under this agreement, employees of BS Group will enjoy preferential banking services including credit card and loan facilities from Prime Bank. The bank's Deputy...
Mercantile Bank opened its Swarupkathi sub-branch in Pirojpur's Nesarabad on Thursday. The bank's sponsor director A. S. M. Feroz Alam inaugurated the sub-branch as the chief guest. The bank’s Managing Director Md. Quamrul Islam Chowdhury and AMD Mati Ul Hasan...
Southeast Bank has held its business review meeting recently. The bank's Managing Director Nuruddin Md. Sadeque Hossain presided over the meeting. Executives from the head office, head of branches, operation managers, in-charges of sub-branches and offshore banking units participated in...
Mutual Trust Bank PLC (MTB) recently announced its unaudited financial results for the third quarter of 2024, showcasing remarkable resilience and growth. Amid an industry-wide struggle with customer confidence, MTB has demonstrated strong financial performance, driven by record breaking growth...
FE REPORT | 2024-11-08 00:00:00
Pharma Aids made a remarkable turnaround in FY24 after suffering a moderate loss in the previous year, riding on higher sales and increased selling prices.The pioneer ampoules manufacturer reported a profit of Tk 61 million in FY24, as against a...
FE REPORT | 2024-11-08 00:00:00
Premier Cement Mills is planning to issue preference shares to raise Tk 1.61 billion for prepayment of high-cost debts.The board of directors has decided to issue only 322 shares at a face value/issue price of Tk 5 million each, said...
PARIS, Nov 07 (AFP): European auto giant Stellantis said Thursday it would lay off 1,100 workers at its Jeep factory in Toledo, Ohio, in an effort to "regain its competitive edge" as it struggles with falling sales.Stellantis, a 14-brand group...
STOCKHOLM, Nov 07 (AFP): Sweden's central bank made its biggest interest rate cut since 2014 on Thursday and signalled more reductions were forthcoming to kickstart the Nordic country's economy.The Riksbank lowered its policy rate by 0.5 per centage points-twice the...
MOSCOW, Nov 07 (TASS): The price of bitcoin rose by 9.30 per cent to $76,400, updating the previous all-time high, according to Binance.However, as of 0:22 Moscow time, Bitcoin's price slowed down and stood at $75,900 (+9.24 per cent).Bitcoin is...
NEW YORK, Nov 07 (Reuters): Volkswagen will recall 114,478 vehicles in the United States on concerns over the driver-side airbag, the National Highway Traffic Safety Administration said on Thursday.The recall consists of some Beetle and Passat vehicles from model years...
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