Oil prices rose on Thursday on investor concern that a widening Middle East conflict could disrupt crude oil flows from the region, though a stronger global supply outlook kept a lid on gains, reports Reuters.Brent crude futures were up $1.52,...
A deep selloff pushed Indian shares to their worst session in two months on Thursday, as anxious investors worried about ripple effects on the domestic economy from the widening Middle East conflict, reports Reuters.The Nifty 50 index closed 2.12 per...
LITTLETON, Colorado, Oct 3 (Reuters): Beijing last month dispensed the most aggressive stimulus measures since the pandemic in a bid to revive the flagging Chinese economy, and traders and investors are now looking for signs if the medicine is working.A...
NEW YORK, Oct 3 (Reuters): The Managed Funds Association, an alternative asset management trade group, announced on Wednesday its new board of directors, as well as its chair Jody Gunderson, managing principal at $16 billion credit investment firm AB CarVal,...
SYDNEY, Oct 3 (Reuters): Chinese investment-grade companies are lining up $10 billion to $15 billion in offshore bond offerings this quarter, as Beijing's economic stimulus measures cut fundraising costs and whip up borrowers' appetites, financial advisers said.Those levels mean Chinese...
LONDON, Oct 3 (Reuters): Global stocks dipped as European and Asian share indexes broadly retreated on Thursday, while oil prices rose further as markets weighed the risk of a widening Middle East conflict.Euro zone stocks were last down 0.5 per...
OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, which could value the company at $157 billion and cement its position as one of the most valuable private companies in the world, reports Reuters.The funding has attracted returning...
NEW YORK, Oct 03 (Reuters): Amazon plans to hire 250,000 transportation and warehouse workers this holiday shopping season, the same number as last year as e-commerce spending is expected to outpace overall holiday sales in the final quarter of 2024,...
MUMBAI, Oct 03 (AFP): An Indian factory producing iPhone components was resuming work on Thursday after a fire that halted production-the third blaze to disrupt Apple's local supply chain since the start of last year.India has pitched itself as an...
NEW YORK, Oct 03 (Reuters): A self-driving Tesla carrying a passenger for Uber rammed into an SUV at an intersection in suburban Las Vegas in April, an accident that sparked new concerns that a growing stable of self-styled "robotaxis" is...
DBH Finance PLC (DBH), the largest housing finance institution of the country, has recently opened its 16th branch at Khan Faiz Shotaiyu Bhabon, Sahid Nazrul Islam Sarak (Police Line Road) in Barishal city. Nasimul Baten, Managing Director and CEO of...
KUALA LUMPUR, Oct 03 (AFP): Tech giant Oracle on Wednesday said it plans to invest more than $6.5 billion on cloud services data centres in Malaysia, joining a list of US titans rushing to build up their AI infrastructure in...
Edison Group, the renowned Bangladeshi conglomerate, will unveil its latest helio 90 smartphone, to transform the mid-range smartphone market, says a press release. To be made available at an unbeatable price of just Tk 19,999, the helio 90 is packed...
South Korean Ambassador to Bangladesh Park Young-sik has said improvement of "business-friendly, predictable and stable environment" should be one of the top priorities among the interim government's tasks in order to attract more foreign investment, reports UNB.He said the Korean...
Prime Bank PLC, a leading financial institution, has recently signed a payroll agreement with Northern Corporation Ltd at the bank's corporate office. Under this agreement, employees of Northern Corporation will enjoy preferential banking service, including Credit Card and loan facilities...
BRAC Bank has opened its renovated Uttara Jashim Uddin Avenue Branch to provide the most modern, best-in-class customer service. Selim R. F. Hussain Managing Director & CEO of the bank, along with other officials formally inaugurated the branch at Liberty...
A group of retail investors stage a demonstration in front of the Bangladesh Securities and Exchange Commission (BSEC) office at Agargaon in the city on Thursday in protest of continuous fall of the stock market following some measures taken by...
Mutual Trust Bank PLC (MTB) has been honoured with the 'Best Performance in Profitability' Award for 2024 by the Indian Chamber of Commerce (ICC), says a statement. This recognition comes after a record-breaking year of operational success in 2023 and...
FE REPORT | 2024-10-04 00:00:00
The securities regulator has rejected Gemini Sea Food's rights offer application, which aimed to issue rights to increase its paid-up capital, pay off loans, and support business expansion.In February this year, the board of directors of the seafood exporter had...
FE REPORT | 2024-10-04 00:00:00
Mominul Islam has been elected as the chairman of the board of directors of Dhaka Stock Exchange (DSE) for the next three years.The board members unanimously elected him at the first meeting of the newly formed board on Thursday, says...
FE REPORT | 2024-10-04 00:00:00
The share price of The Ibn Sina Pharmaceutical Industry dropped 5 per cent on Thursday even as it came up with a 63 per cent cash dividend for FY24, the highest dividend since its listing on the stock exchanges. The...
NEW YORK, Oct 03 (Reuters): Traders gauging how to best play a sliding US dollar are eyeing the relative strength of economies around the world, as rate cuts from global central banks shake up currency markets.The US dollar index fell...
NEW DELHI, Oct 03 (Reuters): India's Adani Group will supply clean energy to power Google's cloud services and operations in India, the ports-to- power conglomerate said on Thursday.The group, owned by billionaire Gautam Adani, will supply energy from a new...
ISTANBUL, Oct 03 (AFP): Turkish annual inflation slowed less than expected in September to 49.4 per cent, official data showed Thursday, a figure which analysts said could disappoint central bank officials after a series of interest rate hikes.Turkey's central bank...
SEOUL, Oct 03 (AFP): Samsung Electronics said Wednesday it was planning to cut jobs in some of its Asian operations, after a report that one in ten posts in affected markets could be axed.The world's largest memory chipmaker is modifying...
TASHKENT, Oct 03 (Arab News): Industry leaders from Saudi Arabia joined fashion icon Naomi Campbell and other prominent figures at a pivotal conference in Uzbekistan dedicated to the creative economy. Taking place in Tashkent from Oct. 2 to 4, the...
The 51st Annual General Meeting (AGM) of Berger Paints Bangladesh Limited was held virtually on Wednesday. Gerald K Adams, Chairman of the company, presided over the meeting. Rupali Haque Chowdhury, Managing Director, along with other directors Anil Bhalla, Parveen Mahmud,...
Social Islami Bank organised a business review meeting at the bank's head office on Wednesday. Mohammad Forkanullah, Managing Director (Acting), was present as the chief guest. Abdul Hannan Khan, Deputy Managing Director, Md. Nazmus Saadat, Head of MDS & Investment...
A meeting of the Board of Directors of Islami Bank Bangladesh PLC was held at Islami Bank Tower on Thursday. Md. Obayed Ullah Al Masud, Chairman of the bank, presided over the meeting. Md. Abdul Jalil, Chairman, Executive Committee; Prof...
Export Promotion Bureau (EPB) vice-chairman Md Anwar Hossain has laid emphasis on ensuring cargo facilities at Chattogram and Sylhet airports like that at the Hazrat Shahjalal International Airport, reports BSS."Bangladesh has huge potentiality to export agricultural products such as vegetable...
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