FE REPORT | 2024-08-05 00:00:00
The Bangladesh Energy Regulatory Commission (BERC) on Sunday raised the price of liquefied petroleum gas (LPG) by Tk 11 to Tk 1,377 for a 12-kg cylinder for August trading. The commission raised the price of the cooking fuel by Tk...
FE REPORT | 2024-08-05 00:00:00
Country's apparel and textile manufacturers have decided to keep their production units closed until further instruction amid growing unrest across the country that left scores of people dead on Sunday.The Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the apex body...
Dhaka's commercial hub Motijheel, typically bustling, remains unusually quiet with minimal traffic on Sunday, the first day of the all-out non-cooperation movement by the Students Against Discrimination. — FE Photo by Asad-Uz-Zaman
FE Report | 2024-08-05 00:00:00
The government on Sunday blocked mobile internet access and disabled Meta's social media platforms Facebook, Messenger, WhatsApp and Instagram as student protests flared up across the nation.Several top executives of mobile operators told The Financial Express that they were ordered...
The government annou-nced on Sunday a three-day general holiday, and the central bank declared closure of banks, financial institutions and stock markets for the three days, reports UNB.The government also imposed on Sunday curfew for an indefinite period from 6...
JASIM UDDIN HAROON AND JUBAIR HASAN | 2024-08-05 00:00:00
Life gets crippled and the economy continues to bleed amid unrelenting violence following the anti-discrimination student movement that severely disrupted business and economic activities across the country, businesses and economists said.Such disruptions to trades and businesses come at a time...
Prime Minister Sheikh Hasina asked on Sunday the people of the country to resist the anarchists."No one of those who now are carrying out violence is a student. They are terrorists," said PM's Assistant Press Secretary ABM Sarwer-E-Alam Sarker quoting...
FE REPORT | 2024-08-05 00:00:00
Nearly a hundred people were killed and several hundred others injured as protesters and government supporters ran riot across Bangladesh Sunday amid fresh outbreaks of violence centring on students' non-cooperation movement.Reports said anarchy reigned supreme in Sirajganj as a police...
FRANKFURT, Aug 04 (AFP): German automaker Volkswagen pledged Thursday to focus on cutting costs following a drop in second-quarter profits as the group grappled with lower demand in China and restructuring expenses.The 10-brand auto giant reported a net profit of...
BENGALURU, Aug 04 (Reuters): India's top three carmakers by sales, on Thursday, reported a drop in car sales to domestic dealers in July as pent-up demand from last year began to taper off.Hyundai Motor India's sales to dealers dropped 3.3...
VOUZIERS (France), Aug 04 (AFP): As France faces a 2035 deadline to phase out new combustion engine cars, workers in the industry worry their days might be numbered too.While there is plenty of optimism in certain regions of France, in...
RIYADH, Aug 04 (Arab News): Oman's foreign assets reached 7.37 billion Omani rials ($19.1 billion) by the end of May, reflecting a 9 per cent increase from the previous year and indicating economic growth and stability. This surge underscores a...
WASHINGTON, Aug 04 (Reuters): Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling about half its stake in Apple, even as the conglomerate posted a record quarterly operating profit.Berkshire's...
BEIJING, Aug 04 (AFP): China has issued a set of directives aimed at boosting household consumption, a weakness weighing on growth in the world's second-largest economy, with the plan targeting sectors including child and elder care, and food and beverage.Leaders...
A surprisingly weak US employment report for June has turned Wall Street confidence on a soft landing into near panic that a recession is looming, prompting major firms to change forecasts for Federal Reserve easing this year to more aggressive...
RIYADH, Aug 4 (Arab News): Saudi Arabia has launched the sixth round of its subscription-based savings product, Sah, for August, offering an appealing return of 5.48 percent.This initiative, which began on Aug. 4 and will continue until Aug. 6, aims...
NEW YORK, Aug 4 (Reuters): Economic fears are roiling Wall Street, as worries grow that the Federal Reserve may have left interest rates elevated for too long, allowing them to hurt US growth.Alarming economic data in recent days have deepened...
FE REPORT | 2024-08-05 00:00:00
The Dhaka bourse on Sunday experienced the highest single day fall in 26 months as a majority of the listed securities plunged amid the countrywide unrest centering the quota reform movements.On the day, only four securities, including a junk stock,...
BABUL BARMAN | 2024-08-05 00:00:00
The deepening political crisis and fierce clashes centering the students' non-cooperation movement severely affected the foreign investors' sentiment, which market experts fear will intensify their sell-offs.Tension heightened among overseas investors, as much as local investors, amid a new wave of...
TOKYO, Aug 4 (Reuters): Tourists are flocking to Japan to scoop up high-end clothes and handbags at a discount thanks to the weak yen currency. Luxury goods companies like Louis Vuitton parent LVMH would rather they stayed home and shopped.The...
Managing Director & CEO of Uttara Bank PLC Mohammed Rabiul Hossain inaugurated the newly renovated Patuakhali Branch of the bank in Patuakhali virtually on Sunday. Deputy Managing Directors Maksudul Hasan, Md. Abul Hashem, Md. Ashraf-uz-Zaman, and Md. Rezaul Karim were...
LONDON, Aug 4 (Reuters): Asian spot liquefied natural gas (LNG) prices rose last week to their highest level in over seven months as high temperatures in Japan and South Korea boosted power demand and amid heightened geopolitical risks due to...
Filling stations in many areas of the city remained shuttered on Sunday as students continued their protests under the banner of 'Movement against Discrimination' to press for their one-point demand. This photo of a filing station was taken in Motijheel...
SHANGHAI, Aug 4 (Reuters): Audi's new electric cars series developed in China for the Chinese market will not sport its four-ring logo, two people with direct knowledge of the plans said.The decision by the premium marque owned by Germany's Volkswagen...
FE REPORT | 2024-08-05 00:00:00
Air India Express, a low-cost Indian airline, is set to launch its flights from Kolkata and Chennai to Dhaka starting September 3.The airline offers fares that are more than 25 per cent lower compared to other carriers operating on these...
FE Report | 2024-08-05 00:00:00
The government has extended its guarantee by one year against Rajshahi Krishi Unnayan Bank's (RAKUB) loan of Tk 10 billion taken under the central bank's refinance scheme, according to sources.The Financial Institutions Division (FID) has updated the guarantee period to...
LONDON, Aug 04 (AFP): England opener Zak Crawley has been ruled out of the forthcoming Test series against Sri Lanka due to a broken finger.Crawley has been ruled out after he fractured the little finger on his right hand while...
PARIS, Aug 04 (AFP): The records keep piling up for American swimmer Katie Ledecky and the bad news for her challengers is that she has no plans to relinquish her throne.If there were any doubts that Ledecky was still queen...
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