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US farm producers brace for hit to exports to China in Trump admin

2024-11-08 00:00:00

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...

India raids offices of sellers using Amazon, Flipkart platforms

2024-11-08 00:00:00

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 LAUNCHES 'HONEY BIRD' CAMPAIGN

2024-11-08 00:00:00

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 CBA GREETS NEW CEO & MD

2024-11-08 00:00:00

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...

CLOSING CEREMONY OF SREUP PROJECT

2024-11-08 00:00:00

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...

SUSTAINABILITY DAY 2024 CELEBRATED

2024-11-08 00:00:00

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...

Invest in BD’s marine, offshore industry

2024-11-08 00:00:00

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 SIGNS PAYROLL AGREEMENT WITH BS GROUP

2024-11-08 00:00:00

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 OPENS SUB-BRANCH IN PIROJPUR

2024-11-08 00:00:00

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 HOLDS BUSINESS REVIEW MEETING

2024-11-08 00:00:00

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...

MTB posts 59pc profit growth

2024-11-08 00:00:00

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...

Pharma Aids rebounds on higher sales in FY24

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...

Premier Cement to raise share money to bring down interest burden

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...

Jeep-maker Stellantis to lay off 1,100 workers in Ohio

2024-11-08 00:00:00

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...

Sweden central bank makes biggest rate cut since 2014

2024-11-08 00:00:00

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...

Bitcoin hits new all-time high

2024-11-08 00:00:00

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...

Volkswagen to recall over 114,000 US vehicles over airbag concern

2024-11-08 00:00:00

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...

Food cos sell products that are less healthy in poorer countries

2024-11-08 00:00:00

The world's biggest food and beverage companies on average sell products in low-income countries that are less healthy than what they sell in high-income countries, according to a new report, reports Reuters.Products sold by companies including Nestle, Pepsico and Unilever...

SHIMANTO BANK INKS DEAL WITH THE WESTIN

2024-11-08 00:00:00

Shimanto Bank signed an MoU with The Westin Dhaka recently. Under this MoU, Shimanto Bank Visa Gold and Visa Platinum Credit cardholders will enjoy 'Buy One Get One (BOGO)' on buffet menu at The Westin. Rafiqul Islam, Managing Director &...

AB BANK OPENS RENOVATED COLLECTION BOOTH AT NICVD

2024-11-08 00:00:00

AB Bank PLC has inaugurated a newly renovated collection booth at the National Institute of Cardiovascular Diseases (NICVD), providing a full range of modern banking services. The booth, which is under the bank's Karwan Bazar Branch, will handle all of...

ADN DigiNet launches ROBOKET

2024-11-08 00:00:00

ADN DigiNet Limited has launched ROBOKET, Bangladesh's first AI-powered marketing platform designed for both local and global clients. ROBOKET transforms customer engagement and campaign management through its innovative features, says a statement. A scalable solution, ROBOKET integrates marketing automation, CRM,...

IIGAB proposes tariff cut to boost Internet access

FE REPORT | 2024-11-08 00:00:00

The International Internet Gateway Association of Bangladesh (IIGAB) has proposed a new tariff cut to the telecom regulator to expand Internet access. The proposal submitted recently to the Bangladesh Telecommunication Regulatory Commission (BTRC) outlines reductions across price tiers, setting a...

UNCTAD keen to support BD reform drive

FE REPORT | 2024-11-08 00:00:00

The UN Trade and Development (UNCTAD) has said it will support Bangladesh's reform drive. This came as Chief Advisor's Special Envoy Lutfey Siddiqi held a series of bilateral meetings in Switzerland's Geneva this week.He met UN Trade and Development (UNCTAD)...

RMG exports to US plummet 6.28pc in Jan-Sept

MONIRA MUNNI | 2024-11-08 00:00:00

Bangladesh's apparel exports to the United States during the first nine months of 2024 sustained a negative growth compared to the major competitors that are improving fast including China, Vietnam and India. The country's readymade garment exports to the US-its...

Global solar capacity hits 2 TW

2024-11-08 00:00:00

LONDON, Nov 7 (Reuters): Global solar capacity has reached a record 2 terawatts (TW) of capacity, with more added in the last two years than the previous 68 combined, exclusive data from the sector's global industry group shared with Reuters...

Gold rises as traders brace for Fed rate decision

2024-11-08 00:00:00

Gold prices rose on Thursday but traded near a three-week low, as market participants awaited an expected rate cut decision by the US Federal Reserve, reports Reuters.Spot gold gained 0.3 per cent to $2,668.23 per ounce, as of 1238 GMT,...

Airbus delivers 62 more planes

2024-11-08 00:00:00

PARIS, Nov 7 (Reuters): Airbus delivered 62 jets in October to bring this year's total to 559, the company said on Thursday, as it chases an increasingly challenging year-end target.The latest deliveries leave Airbus with more than 200 more to...

BKB JATIYATABADI FORUM MARKS NATIONAL REVOLUTION AND SOLIDARITY DAY

2024-11-08 00:00:00

Bangladesh Krishi Bank (BKB) Jatiyatabadi Forum paid tribute to Shaheed President Ziaur Rahman by placing a wreath at his grave in the city on Thursday on the occasion of the National Revolution and Solidarity Day. A Doa session was also...

Oil prices slip as investors digest US election fallout

2024-11-08 00:00:00

LONDON, Nov 7 (Reuters): Oil slipped on Thursday, extending a sell-off triggered by the US presidential election, as a strong dollar and lower crude imports in China outweighed supply risks from a Trump presidency and output cuts caused by Hurricane...

Russia demands West enter talks to halt Ukrainian war

2024-11-08 00:00:00

KYIV, Nov 07 (AFP): Russia on Thursday demanded that Kyiv's allies enter into negotiations with Moscow in order to halt its brutish attacks on Ukrainians, as the capital fended off a large-scale drone barrage overnight.AFP journalists in Kyiv heard Ukrainian...