DUBAI, Aug 07 (AFP): Passenger traffic at Dubai International Airport, the world's busiest for international travellers, reached a record 44.9 million in the first half of the year, its operator said on Wednesday.The figure marked an eight per cent increase...
HONG KONG, Aug 07 (AFP): Liquidators for China's Evergrande have filed a lawsuit against PwC in Hong Kong for its role in auditing the debt-ridden real estate behemoth, according to a report Wednesday by Bloomberg News.The lawsuit is part of...
BEIJING, Aug 07 (AFP): China's exports grew slightly slower than expected in July while imports surged, official figures showed Wednesday, as the world's second-largest economy charts an uneven recovery.Overseas shipments expanded 7.0 per cent on-year last month, according to China's...
FRANKFURT, Aug 07 (AFP): German exports unexpectedly registered a sharp drop in June but industrial production rose, official data showed Wednesday, as Europe's biggest economy struggles to emerge from a weak period.Exports dropped 3.4 per cent from the previous month...
HAKODATE (Japan), Aug 07 (Reuters): The Bank of Japan's (BoJ) influential deputy governor said on Wednesday the central bank will not hike interest rates when markets are unstable, playing down the chance of a near-term hike in borrowing costs.The remarks...
Shopify beat analysts' estimates for second-quarter revenue and forecast an upbeat current quarter as its e-commerce services attracted more merchants following the launch of AI-enabled tools, reports Reuters.Shopify reported a 21 per cent jump in second-quarter revenue to $2.05 billion,...
Uber's second-quarter results beat Wall Street estimates on the back of steady demand for its ride-sharing and food-delivery services, sending the company's shares up 5 per cent on Tuesday, reports Reuters.With more people returning to offices and stepping out of...
The 51st Annual General Meeting (AGM) of the company was held virtually on Wednesday in compliance with all the applicable circulars issued by the regulatory authorities. Moloy Banerjee, Chairman of the company, presided over the meeting. Rupali H Chowdhury, Tanjib-Ul...
Bengal Commercial Bank held its 4th Annual General Meeting (AGM) at a hotel in Dhaka recently. Md. Jashim Uddin, Chairman of the Board of the bank, presided over the meeting. Mahbubul Alam and Ghulam Mohammed Alomgir, Vice Chairmen of the...
NAZIMUDDIN SHYAMOL | 2024-08-08 00:00:00
The elevated water levels in Kaptai Lake this monsoon season have boosted power generation at the Kaptai Hydroelectric Power Station.The plant is currently generating between 200 and 205 megawatts (MW) of electricity a day, the highest power output recorded at...
FE REPORT | 2024-08-08 00:00:00
A group of BGMEA members on Wednesday expressed their no-confidence in the existing board of directors due to their controversial roles during the recent quota-reforms movement of the students.In a memorandum, they claimed that the president of the current board,...
FE REPORT | 2024-08-08 00:00:00
Local microfinance institutions (MFIs) have been increasingly relying on clients' savings and their own surplus funds for operating expenses over the years, according to data, demonstrating an impressive shift from heavy foreign funding dependence.In FY23, more than 70 per cent...
TOKYO, Aug 07 (Reuters): Japanese technology investor SoftBank Group said on Wednesday it plans to buy back a hefty $3.4 billion of its shares, an action called for by shareholders including Elliott Management to bolster its stock price.The logic for...
TOKYO, Aug 07 (AFP): Honda reported bumper quarterly net profits on Wednesday as strong hybrid vehicle sales in the United States and Japan, along with a weaker yen, helped the Japanese automaker overcome weakness in China.The firm said net profit...
TOKYO, Aug 07 (Reuters): Sony on Wednesday reported a 10 per cent rise in operating profit in the April-June quarter, beating analyst estimates, boosted by its industry-leading image sensor business.Profit at the Japanese tech and entertainment conglomerate was 279 billion...
TOKYO, Aug 7 (Reuters): A day after the Tokyo stock market had its biggest fall since 1987, Yuri Sekiya decided it was time to heed Prime Minister Fumio Kishida's longstanding call for Japanese citizens to invest more of their $15...
BENGALURU, Aug 7 (Reuters): India's benchmark indexes rose about 1 per cent on Wednesday, snapping a three-session losing streak and a day late in joining the global rebound as fears of a US recession abated.The NSE Nifty 50 index gained...
Stocks in the Middle East broadly rose on Wednesday, extending their comeback from an aggressive sell-off in global stocks earlier in the week driven in part by fears of a possible US recession, reports Reuters.Stock markets in Saudia Arabia, Dubai...
LONDON, Aug 7 (Reuters): Novo Nordisk on Wednesday trimmed its full-year profit outlook after reporting weaker-than-expected quarterly sales of its popular weight-loss drug Wegovy, stirring worries among investors about stiffening competition from Eli Lilly.The results end a prolonged streak of...
Foreign investment in Asian equities slowed in July amid increased market volatility and heavy selling in technology stocks, compounded by weak economic data and disappointing corporate earnings that dampened risk sentiment, reports Reuters.Fears of a second Trump presidency also sparked...
RIYADH, Aug 07 (Arab News): Saudi Arabia's trade with South Korea remains strong, with exports from the Kingdom increasing 36.19 per cent year-on-year to SR10.31 billion ($2.75 billion) in May, official data showed. It was the second-largest destination for Saudi...
WASHINGTON, Aug 07 (Reuters): Apple's lucrative deal with Google could be under threat after a US judge ruled that the Alphabet-owned search giant was operating an illegal monopoly.A potential remedy for Google to avoid antitrust actions could involve terminating the...
WASHINGTON, Aug 07 (BBC): Elon Musk's X/Twitter is suing a group of advertisers and major companies, accusing them of unlawfully agreeing to "boycott" the site.It has filed a claim against the food giants Unilever and Mars, private healthcare company CVS...
NEW YORK, Aug 07 (Reuters): The interest rate for the most popular US home loan plunged last week to its lowest level in 15 months, after the Federal Reserve signaled it could start cutting its policy rate in September, and...
Dhaka Bank has promoted AKM Shahnawaj as the Additional Managing Director (AMD) with effect from July 1.He joined the bank in 2013 as the Senior Executive Vice President (SEVP) and previously fulfilled his duties in the bank as the Regional...
Southeast Bank PLC signed a Memorandum of Understanding with Travel Business Portal at the bank's head office for providing Payment Gateway Service, Payroll Banking Service, Collection Service, Payment Services, and other banking services on August 7, 2024. The bank's Managing...
FE REPORT | 2024-08-08 00:00:00
Stocks witnessed yet another upbeat session on Wednesday, with the key index exceeding 5,600 points after three months, as buoyant investors continued their buying spree.The market rally was largely supported by fundamentally-strong stocks as the recent developments in the country's...
FE REPORT | 2024-08-08 00:00:00
The head of the securities regulator is awaiting the formation of the interim government to decide whether he should continue his job or resign from his post.At the hour of power transition after the government led by Sheikh Hasina was...
SINGAPORE/PARIS, Aug 7 (Reuters): Chicago wheat gained more ground on Wednesday, with the market underpinned by strong demand and downgrades of the French crop, although ample world supplies limited the upside in prices.Corn and soybeans slid with expectations of near-record...
Gold prices drifted higher on Wednesday driven by safe-haven demand and rising bets that the U.S. Federal Reserve might reduce interest rates as early as September, reports Reuters.Spot gold rose 0.6 per cent to $2,402.43 per ounce, as of 1242...
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