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Volatile markets test Kishida's push to make Japan a nation of investors

2024-08-08 00:00:00

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...

Indian shares snap 3-day losing run to join global rebound

2024-08-08 00:00:00

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...

Gulf shares broadly extend gains amid global stock rebound

2024-08-08 00:00:00

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...

Novo Nordisk shares slide after rare miss on obesity drug Wegovy sales

2024-08-08 00:00:00

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 inflows into Asian equities slow sharply in July, hit by tech slump

2024-08-08 00:00:00

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...

Saudi Arabia exports to South Korea surge 36pc to $2.75b

2024-08-08 00:00:00

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...

Google antitrust ruling may pose $20b risk for Apple

2024-08-08 00:00:00

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...

Elon Musk sues Unilever, Mars over X 'boycott'

2024-08-08 00:00:00

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...

US 30-year mortgage rate drops on weak jobs data, Fed rate-cut signal

2024-08-08 00:00:00

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...

AKM Shahnawaj new AMD of Dhaka Bank

2024-08-08 00:00:00

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 SIGNS MOU WITH TRAVEL BUSINESS PORTAL

2024-08-08 00:00:00

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...

Stocks rally for 2nd day on high hopes for market overhaul

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...

BSEC top executives hanging between stay and leave orders of interim govt

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...

Wheat gains for sixth session on strong demand

2024-08-08 00:00:00

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 firms on US rate-cut optimism, geopolitical risks

2024-08-08 00:00:00

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...

Reliance ready for next level of renewables-focused growth

2024-08-08 00:00:00

NEW DELHI/BENGALURU, Aug 7 (Reuters): Indian conglomerate Reliance Industries is ready for its next stage of growth and aims to become the largest developer of renewable energy projects in the country, the company said in its annual report issued on...

Oil prices rebound from multi-month lows on Mideast tensions

2024-08-08 00:00:00

LONDON, Aug 7 (Reuters): Oil prices bounced back from multi-month lows on Wednesday on concerns that an escalating conflict in the Middle East could hurt oil production, even as worries about weak crude demand persisted.Brent crude futures were up $1.42,...

News in Brief -2024-08-08

2024-08-08 00:00:00

21 killed in Nigeria hardship protestsLAGOS, Aug 07: Amnesty International has accused Nigerian security forces of killing at least 21 protesters during a week of economic hardship rallies, the national head of the rights group told AFP on Wednesday. Police...

Turkey to submit request to join genocide case against Israel in UN court

2024-08-08 00:00:00

ANKARA, Aug 07 (AP): Turkey will file a request with a United Nations court on Wednesday to join South Africa's genocide lawsuit against Israel, a Turkish official said.The declaration of intervention will be submitted at the International Court of Justice...

Saudi delivery drivers bake in 'deadly' summer heat

2024-08-08 00:00:00

RIYADH, Aug 07 (AFP): Sheltering under a palm tree in Saudi Arabia's capital, a Pakistani delivery driver stole a quick break during the lunch rush when orders-and scorching temperatures-are at their peak.Gulping a bottle of cold water as the mercury...

Venezuela minister reaffirms army loyalty to Maduro

2024-08-08 00:00:00

CARACAS, Aug 08 (Reuters): Venezuela's Defense Minister Vladimir Padrino on Tuesday reaffirmed the military's "absolute loyalty" to President Nicolas Maduro, amid an ongoing dispute over the country's contested presidential election results.The comments came after opposition candidate Edmundo Gonzalez and leader...

Harris, Walz campaign together

2024-08-08 00:00:00

NEW YORK, Aug 08 (Reuters): Democratic presidential nominee Kamala Harris and her newly selected vice presidential running mate, Minnesota Governor Tim Walz, campaigned for the first time together on Tuesday in Philadelphia, kicking off a multi-day tour of battleground states...

Hamas names Oct 07 attack mastermind Sinwar as leader

2024-08-08 00:00:00

GAZA, Aug 07 (Reuters): Hamas named its Gaza leader Yahya Sinwar as successor to former political chief Ismail Haniyeh, who was assassinated in Tehran last week, the group said on Tuesday, in a move that reinforces the radical path pursued...

Thai court dissolves reformist party that won polls

2024-08-08 00:00:00

BANGKOK, Aug 08 (BBC): A Thai court has ordered the dissolution of the reformist party which won the most seats and votes in last year's election - but was blocked from forming a government.The ruling also banned Move Forward's charismatic,...

Naseem back in Test squad for BD series

2024-08-08 00:00:00

ISLAMABAD, Aug 07 (AP): Pakistan fast bowler Naseem Shah has returned to red-ball cricket after 13 months as the selectors on Wednesday named a 17-member squad for this month's home test series against Bangladesh.Rawalpindi will host the first Test from...

Wrestler Lopez rides off into the sunset

2024-08-08 00:00:00

PARIS, Aug 07 (AFP): Cuban wrestler Mijain Lopez made Olympic history on Tuesday when he became the first athlete to win five consecutive individual golds in the same event, bettering the records of Games icons such as Carl Lewis and...

Dutch rider Lavreysen sets new 200m flying lap world record

2024-08-08 00:00:00

SAINT QUENTIN-EN-YVELINES, France, Aug 07 (Reuters): Flying Dutchman Harrie Lavreysen set a new world record in the men's 200 metres flying lap as he topped the time sheets in qualification for the Olympic track cycling sprint on Wednesday.Another day of...

How will cricket be impacted?

2024-08-08 00:00:00

The protests across Bangladesh over the past few weeks resulted in prime minister Sheikh Hasina's resignation, following which she left the country. The country witnessed widespread violence through this period, which disrupted regular activities - including the training of the...

Shipyard worker electrocuted in Ctg

2024-08-08 00:00:00

CHATTOGRAM, Aug 07 (BSS): A shipyard worker was electrocuted at Tasin Shipyard in the Baru Awalia area under Sitakunda police station here on Wednesday.The deceased was identified as Md Saim, 18, son of Mohammad Harun hailed from Sonaimori area under...

Students, teachers cleaning up roads, areas in Jhenaidah

2024-08-08 00:00:00

JHENAIDAH, Aug 7 (UNB): A group of students under Anti-Discrimination Student Movement and teachers were seen jointly cleaning up roads and areas in Jhenaidah district town.The students of different schools, colleges and universities were seen cleaning the Payra Chattar, Ekattor...