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Stocks rebound as investors show increased appetite in blue chips

FE REPORT | 2024-07-26 00:00:00

Stocks rebounded strongly on Thursday, after a sharp decline the day before, as investors showed buying appetite in selective blue chip shares in anticipation of a turnaround.The market recovery was mostly supported by price appreciation of blue chip stocks as...

Brokers, dealers ordered to bring back diverted funds to core business

FE REPORT | 2024-07-26 00:00:00

The securities regulator instructed 57 stock brokers & dealers of the Dhaka bourse to bring back funds worth Tk 4 billion within three months into their core business from real estate where the money had been diverted. The core business...

West Indies' Sinclair out of third Test against England

2024-07-26 00:00:00

BIRMINGHAM, United Kingdom, July 25 (AFP): West Indies all-rounder Kevin Sinclair has been ruled out of the series finale against England at Edgbaston after having his forearm fractured by fast bowler Mark Wood in the second Test.Sinclair, only called up...

New Barcelona coach Flick hails 'unbelievable' Lamine Yamal

2024-07-26 00:00:00

BARCELONA, July 25 (AFP): New Barcelona coach Hansi Flick on Thursday hailed the performance of the Spanish club's teenage winger Lamine Yamal at Euro 2024, calling it "unbelievable".Yamal made history in his country's opening game against Croatia by becoming the...

Nadal blocks Djokovic's path in potential round-two clash

2024-07-26 00:00:00

PARIS, July 25 (Reuters): Top seed Novak Djokovic could face 14-times French Open champion Rafa Nadal in a blockbuster second-round match in the Olympic men's singles after the draw was made at Roland Garros on Thursday.Women's top Iga Swiatek of...

Paris abuzz ahead of Olympics' opening ceremony today

2024-07-26 00:00:00

PARIS, July 25 (NBC News): Just a day before the 2024 Paris Olympic Games opening ceremony, the French capital was abuzz Thursday as it prepared to host the world's biggest sporting party.Though the Olympics soft-launched Wednesday with soccer and rugby...

Tigresses, India face off in Asia Cup semis today

2024-07-26 00:00:00

In a bid to confirm the final of the Women's Asia Cup, Bangladesh will take on Indian Women's team in the first semifinal at Rangiri Dambulla International Stadium in Sri Lanka today (Friday), reports BSS.India moved to the semifinal by...

Gold drops over 1.0pc as investors book profits

2024-07-26 00:00:00

Gold slid over 1 per cent on Thursday, falling to its lowest level in two weeks, as investors squared positions to focus on U.S. economic data that could offer additional insights into the timing of the Federal Reserve's potential interest...

FAO urges urgent efforts to combat bird flu

2024-07-26 00:00:00

 BEIJING, July 25 (Reuters): The United Nation's Food and Agriculture Organization on Thursday called for urgent regional efforts to combat a rise in avian influenza cases across the Asia-Pacific region."Since late 2023, we have observed a rise in human cases...

American Airlines cuts profit forecast as sales strategy backfires

2024-07-26 00:00:00

WASHINGTON, July 25 (Reuters): American Airlines on Thursday cut its annual profit forecast, citing its previous sales and distribution strategy that drove away corporate travelers and hit its revenue.The Texas-based airline also highlighted an excess capacity in the domestic market...

Oil slips on gloomy Chinese demand outlook

2024-07-26 00:00:00

Oil prices slipped on Thursday as lacklustre Chinese consumption signalled weaker demand from the world's biggest crude importer, outweighing support from Wednesday's data showing large draws on US oil inventories, reports Reuters.Brent crude futures for September fell 91 cents, or...

Weeklong tree fair begins in Rangamati

2024-07-26 00:00:00

RANGAMATI, July 25 (BSS): A weeklong tree plantation campaign and tree fair-2024 was inaugurated on the premises of the Rangamati municipality in the district on Thursday.On the occasion, a colorful rally was brought out which paraded the important streets and...

B'baria road accident kills three bikers

2024-07-26 00:00:00

BRAHMANBARIA, July 25 (UNB): Three people died in a head-on collision between two motorcycles in the Charpara area of Jindapur of Nabinagar Upazila of Brahmanbaria at 7:30 pm on Wednesday.Mahabub Alam, officer-in-charge of Nabinagar Police Station confirmed the matter.The deceased...

Vehicles stranded as Bhola ferry terminal goes under water

2024-07-26 00:00:00

BHOLA, July 25 (UNB): Ferry services at Bhola's Ilisha ghat, a ferry terminal, have been hampered for the last three days as both its pontoons and a gangway were submerged by the tidal surge caused by a prevailing depression in...

Farmers expect windfall profit from vegetable seedlings

OUR CORRESPONDENT | 2024-07-26 00:00:00

BENAPOLE, July 25: Farmers expect to make a hefty profit from the sale of seedlings of vegetables including cabbage and cauliflower in Churamankathi union of Jashore sadar upazila this season.Cabbage and cauliflower seedlings were produced on 750 bighas of land...

Shoplifting surges 30pc in England

2024-07-26 00:00:00

LONDON, July 25 (Reuters): Shoplifting offences in England and Wales increased 30 per cent in the year ending March 2024 to the highest level in 20 years, official data showed on Wednesday.The Office for National Statistics (ONS) said there were...

Myanmar tycoon steps down from Singapore-listed business

2024-07-26 00:00:00

SINGAPORE, July 25 (AFP): A Myanmar tycoon being questioned by junta authorities in his home country has stepped down as chairman of his Singapore-listed conglomerate, the company said.Serge Pun, one of Myanmar's richest individuals, was stepping down as executive chairman...

Japan to resume funding for stalled projects in Sri Lanka

2024-07-26 00:00:00

COLOMBO, July 25 (Reuters): Japan will resume funding for all stalled projects in Sri Lanka, Tokyo's envoy there said on Wednesday, the first such announcement since the island nation finalised a $10 billion restructuring deal with its official creditors.A total...

UK govt launches flagship green energy plan

2024-07-26 00:00:00

LONDON, July 25 (Reuters): Britain's new Labour government launched its flagship green energy infrastructure plan on Tuesday, announcing a multi-billion-pound partnership with the business arm of the royal family to develop offshore wind farms.UK Prime Minister Keir Starmer is establishing...

Foxconn to invest $138m for new business HQs in China

2024-07-26 00:00:00

BEIJING, July 25 (Reuters): Taiwan's Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, said on Wednesday it plans to invest 1 billion yuan ($137.5 million) to construct a new business headquarters in Zhengzhou, China.Foxconn, formally called...

World's richest 1pc gained $40t in a decade: Oxfam

2024-07-26 00:00:00

PARIS, July 25 (AFP): The world's richest one per cent increased their fortunes by a total of $42 trillion over the past decade, Oxfam said Thursday, ahead of a G20 summit in Brazil where taxing the super-rich tops the agenda.Despite...

SHAHJALAL ISLAMI BANK BOARD MEETING HELD -

2024-07-26 00:00:00

The 382nd meeting of the Board of Directors of Shahjalal Islami Bank PLC was held at its Corporate Head Office on Wednesday, with its Chairman A K Azad in the chair. The Board approved a number of investment proposals. Vice-Chairmen...

Nestle, Unilever sales disappoint as consumers still wary of high prices

2024-07-26 00:00:00

Nestle and Unilever may be raising prices more slowly but it has not been enough to win back some cost-conscious customers, with the consumer goods giants delivering disappointing first-half sales growth on Thursday, reports Reuters.Shares of Dove soap maker Unilever...

Social Islami Bank waives late fee for credit card dues

2024-07-26 00:00:00

Social Islami Bank PLC has waived late payment fee for its customers who could not make their installment payments for credit cards and investments due to the current situation. The customers can now pay such dues by July 31, 2024...

BIDA witnesses surge in investment proposals

FE REPORT | 2024-07-26 00:00:00

A total of 254 industrial establishments have registered with the Bangladesh Investment Development Authority (BIDA) in the past three months through June. Among them, 220 are local enterprises, 19 are foreign-owned firms, and 15 are joint ventures. The combined proposed...

Bay Terminal to expand with new oil terminal

NAZIMUDDIN SHYAMOL | 2024-07-26 00:00:00

CHATTOGRAM, July 25: The Bay Terminal, the flagship project of Chittagong seaport, will expand to include an oil terminal alongside the three terminals already designated in the master plan.This new addition will enable Bay Terminal to accommodate oil tankers at...

News in Brief -2024-07-26

2024-07-26 00:00:00

Death toll from Ethiopia landslide hits257, could reach 500, says UNKENCHO SHACHA GOZDI, July 25: The death toll from landslides in a remote region of southern Ethiopia has risen to 257, the United Nations said Thursday, warning that the number...

Biden left presidential race to save democracy, he says

2024-07-26 00:00:00

NEW YORK, July 25 (BBC): US President Joe Biden has told Americans in a televised address that he decided to end his faltering re-election campaign in a bid to save US democracy.Mr Biden, 81, said he felt his record as...

Drones open new battlefront

2024-07-26 00:00:00

KYIV, July 25 (BBC): The black box sits on the army truck dashboard like a talisman, its tiny screen lighting up with warnings when Russian drones are above us. We are driving fast along a country road in the darkness...

Only 4 survive as boat capsizes with 45 refugees off Yemen's coast

2024-07-26 00:00:00

SANNA, July 25 (Reuters): A boat with at least 45 refugees has capsized off the coast of Yemen's Taiz on Wednesday night, and there are only four survivors, the UN refugee agency in Yemen said on Thursday.The boat capsized because...