Healthcare firm Centivo on Tuesday said it has secured $75 million in equity and debt financing, backed by Cone Health Ventures and the largest US bank JPMorgan Chase's division Morgan Health, reports Reuters.The company did not disclose the valuation at...
BRUSSELS, Sept 24 (Reuters): Concerns are growing among France's European Union partners and on financial markets that the fragility of its minority government could weaken efforts to shore up its public finances and so risk undermining the EU's new fiscal...
LONDON/SINGAPORE, Sept 24 (Reuters): World stocks hit a record high on Tuesday after China unveiled stimulus measures to support its economy and stock markets, sending Asian and European shares higher and triggering a bounce in commodity prices.People's Bank of China...
MUMBAI, Sept 24 (Reuters): JPMorgan, the largest bank in the US, is bullish on India and Japan within Asia but is also keen to allocate resources towards Southeast Asia, which is benefiting from the "China Plus One" strategy, a top...
SYDNEY, Sept 24 (Reuters): Saudi Aramco is planning to raise up to $3 billion in five- and 10-year US dollar-denominated sukuk, or Islamic bonds, according to two sources with direct knowledge of the matter and a term sheet reviewed by...
SINGAPORE (Reuters): Singapore commissioned two new advanced submarines on Tuesday, vessels its navy says are meant to protect sea lines of communication, and which experts said would range beyond the waters of the tiny city-state to keep tabs on the...
Grameenphone, the leading digital connectivity provider in Bangladesh, has completed the world's largest deployment of the EM24 software solution from Ericsson. This advanced tool efficiently processes vast amounts of network activity data, significantly improving the precision of customer billing and...
Industries Adviser Adilur Rahman Khan sought Canadian support on Tuesday in the areas of technology transfer and investment to develop the country's economy, reports BSS."Bangladesh has a big domestic market and investment and industry-friendly policy, plan and environment. As a...
The World Bank has offered assistance to the Anti-Corruption Commission, or ACC, in collecting documentary evidence for the recovery of embezzled assets, reports bdnews24.com. This discussion occurred during a meeting aimed at enhancing the institutional capacity of the ACC, particularly...
The government approved on Tuesday separate proposals for procuring some 140 thousand (1.40 lakh) tonnes of fertilizer from various sources to meet the growing demand of the country, reports BSS.The approvals came from the 5th meeting of the Advisers' Council...
BRAC Bank has recently been honoured with three prestigious awards from the SME Finance Forum of the World Bank Group, including two top accolades in SME product innovation. The awards are Product Innovation of the Year -- Best Commercial Bank...
United Commercial Bank (UCB) PLC, a leading private bank, has signed a Memorandum of Understanding (MoU) with BUET Graduates Club Limited to enhance financial experience of club members. Under this agreement, UCB will introduce a co-branded credit card to make...
State-owned mobile phone operator Teletalk has launched "Gen-Z" packages with data for unlimited period and yearlong bundle offer for the young generation, reports BSS.Inspired by the much highlighted word "Generation Z" during the July's student-people mass uprising, Teletalk branded this...
FE REPORT | 2024-09-25 00:00:00
Equity benchmark index extended the winning streak for a second day on Tuesday, with turnover crossing Tk 7.0 billion-mark, driven by price appreciation in particular large-cap issues.Market experts said that stocks managed to stay positive riding on investors' interest in...
FE REPORT | 2024-09-25 00:00:00
The securities regulator has imposed penalties on seven individuals and companies, including cricketer Shakib Al Hasan, for their role in manipulating the share price of Paramount Insurance Company. At a meeting on Tuesday, the Bangladesh Securities and Exchange Commission (BSEC)...
BEIJING, Sept 24 (AFP): China's central bank on Tuesday unveiled a raft of measures to boost the country's struggling economy, cutting the amount of cash banks must hold in reserve and lowering a key interest rate.China's economy, the world's second-largest,...
An agreement was signed between South Asia Insurance Company Limited (SAICL) and Prime Finance Capital Management Limited (PFCML) on Tuesday for managing forthcoming IPO of the company. PFCML will act as the Issue manager of the proposed issue. The agreement...
Prime Bank PLC, a leading financial institution committed to innovation and customer-centric financial solutions, has recently signed a new payroll agreement with Dhaka Club Limited at Dhaka Club's office. This partnership marks a significant milestone in enhancing the financial management...
FE REPORT | 2024-09-25 00:00:00
Shwapno, Bangladesh's leading retail chain, launched its franchise model in 2017-2018 with just six outlets. Today, under the visionary leadership of Sabbir Hasan Nasir, the franchise model has become the primary growth engine for ACI Logistics Limited, with over 400...
OUR CORRESPONDENT | 2024-09-25 00:00:00
CHATTOGRAM, Sept 23: Industries ministry recently ordered the cessation of all operations of the SN Corporation Shipbreaking Yard for three months from today (Monday) following a tank blast on September 07.It also fined the yard, located at Sitakunda upazila in...
FE REPORT | 2024-09-25 00:00:00
The government is going to buy some commodities in advance for operating its essential sale drive for the upcoming Ramadan, sources said.As part of the move, the commerce ministry plans to purchase required chickpea and dates from the global market...
Challenging the central bank to go further if it truly wants to save troubled banks, prominent businessman and newly-installed chairman of National Bank Limited (NBL) Abdul Awal Mintoo has said merely restructuring the board of directors of these banks after...
LONDON, Sept 24 (Reuters): Coffee futures on ICE headed back towards multi-year highs on Tuesday as worries over the crop in top producer Brazil persisted, compounded by fears there will not be enough rains in the country in the weeks...
LONDON, Sept 24 (Reuters): A goal to triple global renewable energy capacity by 2030 and cut fossil fuel use is within reach, the International Energy Agency said in a report on Tuesday, but will require a huge push to unlock...
Gold prices steadied on Tuesday after hitting a record high on expectations for a further easing of US monetary policy and as tensions in the Middle East escalate, reports Reuters.Spot gold was little changed at $2,627.85 per ounce as of...
NEW DELHI/MUMBAI, Sept 24 (Reuters): India's decision to remove the floor price for basmati rice exports is expected to spur a flurry of orders from the Middle East, Europe, and the Americas, leading exporters said, helping New Delhi to increase...
Oil prices jumped more than 2% on Tuesday on news of monetary stimulus from top importer China and concerns that conflict in the Middle East could hit regional supply while another hurricane threatened supply in the United States, the world's...
MEXICO CITY, Sept 24 (AFP): A tropical storm that slammed into Mexico's southern Pacific coast as a major hurricane weakened Tuesday, but forecasters warned of strong rains and flash floods inundating the coast for the next few days."Slow-moving John will...
VATICAN CITY, Sept 24 (AFP): Pope Francis has offered to give refuge on Vatican territory to Myanmar's detained former leader Aung San Suu Kyi, Italian media said on Tuesday."I asked for the release of Aung San Suu Kyi and I...
NEW DELHI, Sept 24 (BBC): India has reported its first case with the new mpox strain that has triggered a public health emergency alert by the World Health Organization (WHO), Reuters reports.Called clade 1b, the new variant is highly-transmissible and...
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