Goldman Sachs tactically lowered Indian equities to "neutral" from "overweight" on Tuesday, as the country's slowing economic growth weighs on corporate earnings, amid record foreign outflows from domestic markets, reports Reuters.The brokerage also cut its 12-month target for the blue-chip...
SHANGHAI, Oct 23 (Reuters): A Chinese policy think tank has called for Beijing to issue 2 trillion yuan ($280 billion) of special treasury bonds to set up a stock market stabilisation fund, the 21st Century Business Herald reported on Wednesday.Such...
HONG KONG, Oct 23 (AFP): Equities diverged Wednesday after another unremarkable day on Wall Street, where rising bond yields and comments from Federal Reserve officials dampened expectations for US interest rate cuts.A global rally that has seen several markets hit...
GENEVA, Oct 23 (AFP): Maritime trade should show modest growth this year, the UN said Tuesday, warning though that the geopolitical tensions, climate impacts and conflicts shaking global trade are threatening the functioning of maritime supply chains.The United Nations' trade...
WASHINGTON, Oct 23 (AFP): Richer countries must put more money on the table to support the world's developing and emerging market economies tackle climate and development challenges, or risk undoing recent progress, the G24 group of nations said Tuesday."The global...
The 4th meeting of the Board of Directors of Shippers' Council of Bangladesh (SCB) for the term 2024-25 was held at its office at Dhanmondi in Dhaka, with its Chairman Md. Rezaul Karim in the chair. The meeting approved the...
Shahjalal Islami Bank PLC organised a seminar on 'Financial Literacy for Development of CMSME Women Entrepreneurs' at its Elephant Road Branch office in Dhaka on Tuesday. This initiative was part of the bank's ongoing efforts to empower women entrepreneurs and...
Modhumoti Bank PLC recently signed an MoU with Kopotakkho Homes Limited at the bank's Head Office at Gulshan in Dhaka. Kamrul Hasan Khan, DMD & Chief Business Officer of the bank, and Sushanta Kumer Bhomick, Managing Director of Kopotakkho Homes,...
Mir Mofazzul Hossain has recently joined Ansar-VDP Unnayan Bank as Managing Director.He has been promoted and appointed as the Managing Director of Ansar-VDP Unnayan Bank in a notification issued by the Department of Financial Institutions, State-Owned Commercial Bank Section-01.Prior to...
Recently,Ashwani Nayar (Area General Manager, IHG, South West Asia and General Manager, InterContinental Dhaka) has been recognized as Asia's Best General Manager by CMO Asia and World Federation of Hospitality Professionals for his immense contribution in the Hospitality and Tourism...
BRAC Bank Reading Café of Chattogram has engaged in an analytical discussion of Harishankar Jaladas' book Astadoshi, while the Chuadanga chapter read Abu Ishaque's masterpiece Surja Dighal Bari, says a press release. Both books portrayed the character of indomitable women...
FE REPORT | 2024-10-24 00:00:00
Bangladesh received foreign aid worth $846.12 million in the first quarter (Q1) of the current fiscal year (FY 2024-25).The amount is around 34% lower than $1.28 billion received in the July-September quarter of the last FY, according to the latest...
FE REPORT | 2024-10-24 00:00:00
SBAC Bank PLC achieved a remarkable 156 per cent profit growth year-on-year in the third quarter (Q3) of this year, riding on higher investment income from shares and government securities.The lender reported a profit of Tk 400 million for the...
FE REPORT | 2024-10-24 00:00:00
Stocks slipped into the red on Wednesday, snapping a two-day gaining streak, as investors' enthusiasm was dampened by the latest policy rate hike and ongoing turmoil over demand for the president's resignation.Market operators noted that investor sentiment was impacted by...
SIDDIQUE ISLAM | 2024-10-24 00:00:00
The Mutual Trust Bank (MTB) plans to double its financing in retail and small and medium enterprises (SMEs) to distribute risks by diversifying portfolios in the next three to five years, the bank's top executive says.The investment will reach 40...
FE REPORT | 2024-10-24 00:00:00
Square Pharmaceuticals, the largest drug maker in the country, posted a record profit of Tk 20.92 billion for FY'24, driven by record sales.Based on the record consolidated net profit, the company also declared the highest ever cash dividend -- 110...
CHICAGO, Oct 22 (Reuters): US soybean export premiums are at their highest in 14 months, as grain merchants race to ship out a record-large US harvest ahead of the US presidential election and fears of renewed trade tensions with top...
Gold prices hit record highs on Wednesday, as investors grew anxious about a tight US presidential race and loaded up on safe-haven investments, while silver traded close to its highest in 12 years, reports Reuters.Spot gold gained 0.1 per cent...
Coca-Cola is aiming to hit the higher end of its organic sales forecast for 2024 as growing demand for its higher-priced sodas and juices in the US helped it post a surprise rise in quarterly sales on Wednesday, reports Reuters.Shares...
Shanghai aluminium futures scaled a one-week high on Wednesday, boosted by raw material supply risks, while copper prices edged lower, reports Reuters.The most-traded December aluminium contract on the Shanghai Futures Exchange (SHFE) closed up 0.4 per cent at 20,875 yuan...
Jiban Bima Corporation Managing Director Md Muhibuzzaman and other high officials greet newly-appointed JBC Chairman Dr Md Mokhles Ur Rahman on his arrival at the JBC for attending a board meeting of the company on Wednesday.
LONDON, Oct 23 (Reuters): Oil prices fell on Wednesday after industry data showed US crude inventories swelled more than expected, though futures were still up about 2 per cent this week as traders factored in continuing conflict in the Middle...
In Bangladesh, when patients seek medical assistance to alleviate diseases or reduce health-related troubles, they often encounter exorbitant fees and unnecessary charges for pathological tests. A high-ranking government bureaucrat receives a basic salary of Tk.78,000 per month, equivalent to Tk....
Sustainable investment has become a crucial element of modern finance, which is centred on the idea that financial success should align with global responsibility. By incorporating Environmental, Social, and Governance (ESG) considerations into their investment strategies, investors are shifting their...
Mir Mostafizur Rahaman | 2024-10-24 00:00:00
Tourism in Bangladesh has experienced significant growth in recent years, with thousands of Bangladeshis travelling to various tourist spots across the country. For many, domestic tourism has become a favoured option for family vacations and weekend getaways. However, the number...
Atiqul Kabir Tuhin | 2024-10-24 00:00:00
The students of the seven colleges affiliated with Dhaka University have once again taken to the streets with a three-point demand to address their grievances. This time, central to their movement is the formation of a reform committee to establish...
Fitch, the US-based global credit-rating agency, forecasts a good tiding for Bangladesh economy provided that the government pursues reform. The uncertainty arising out of the political changeover over the economy, the agency maintains, is likely to be short-lived and the...
Syed Badrul Ahsan | 2024-10-24 00:00:00
Israel's relentless pounding of Beirut raises the critical question of how powerful states in our times as also earlier have with impunity violated the sovereignty of weaker nations. The tragedy at this point is that Benjamin Netanyahu and his extremist-dominated...
Social Islami Bank held a view-exchange meeting with the members of Hajj Agencies Association of Bangladesh (HAAB) at the bank's head office on Monday in order to facilitate all banking services for the Hajj & Umrah performers. Maksuda Begum, Vice...
Steven Kobos | 2024-10-23 12:00:00
When I met the Honourable Chief Adviser Professor Muhammad Yunus on the margins of the United Nations General Assembly in New York in September last, he presented me with a copy of the book The Art of Triumph. This is...
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