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Dhaka bourse finds Emerald's link with artificial stock price hikes

MOHAMMAD MUFAZZAL | 2024-10-08 00:00:00

Emerald Oil Industries experienced an astounding 508 per cent stock price hike in the five months to July 12 last year, which, according to the Dhaka bourse, was the outcome of purposeful price sensitive information.On several occasions, the information did...

Regulator forms task force, seeks advice for market expansion

FE REPORT | 2024-10-08 00:00:00

A task force has been formed with university professors, chartered accountants, and professionals to identify reasons as to why the equity market is insignificant in size compared to the country's gross domestic product. They will recommend ways to expand the...

France vows to adhere to EU spending rules

2024-10-08 00:00:00

LUXEMBOURG, Oct 07 (AFP): France's new finance minister Antoine Armand on Monday will strive to convince his EU counterparts that Paris is serious about reining in its ballooning deficit and complying with the bloc's budget rules.The new minister will present...

Recession fears mount as German factory orders plunge

2024-10-08 00:00:00

FRANKFURT, Oct 07 (AFP): German industrial orders fell more than expected in August, official data showed Monday, adding to fears that Europe's largest economy will end the year in recession.New orders, closely watched as an indicator of future business activity,...

India asks banks to stop making large bets against rupee

2024-10-08 00:00:00

MUMBAI, Oct 07 (Reuters): India's central bank has asked state-run and private lenders to refrain from betting heavily against the rupee in an effort to support the currency which has been teetering near record-low levels for the past three trading...

Sri Lanka’s leftist govt secures $200m WB loan

2024-10-08 00:00:00

COLOMBO, Oct 07 (AFP): Sri Lanka said on Monday it had secured a new $200 million World Bank loan to bolster economic recovery, the first foreign funding since leftist President Anura Kumara Dissanayake won elections.Dissanayake, a self-avowed Marxist, took power...

BP abandons goal to cut oil output, resets strategy

2024-10-08 00:00:00

LONDON, Oct 7 (Reuters): BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said.When...

FIRST SECURITY ISLAMI BANK BOARD MEETING HELD _

2024-10-08 00:00:00

A meeting of the Board of Directors of First Security Islami Bank was held at the board room of FSIB Head Office in Dhaka on Sunday, with Mohammad Abdul Mannan, Chairman of the Board, in the chair. The Board expressed...

AIB opens 226th Branch at Habiganj

2024-10-08 00:00:00

Al-Arafah Islami Bank (AIB) PLC opened the 226th branch at Habiganj on Monday. Managing Director and CEO of the bank Farman R. Chowdhury inaugurated the new branch as the chief guest. Deputy Managing Director Md. Aminul Islam Bhuiyan gave a...

StanChart signs MoU with DBL Lifestyles

2024-10-08 00:00:00

Standard Chartered Bangladesh has recently signed a Memorandum of Understanding (MoU) with DBL Lifestyles, franchise partner of Adidas, Nike, Puma and Levis. Only Standard Chartered Cardholders using VISA Signature credit, Platinum credit and Priority Banking debit cards can now enjoy...

Second-round talks in city from Nov 10

REZAUL KARIM | 2024-10-08 00:00:00

Dhaka and Tokyo are expected to start second-round negotiations on November 10 to pen the Economic Partnership Agreement (EPA) between Bangladesh and Japan in principle to boost bilateral trade.A wide range of areas, including trade in goods and services, e-commerce,...

Mbappe under fire for skipping France duty while fit to play for Real

2024-10-08 00:00:00

PARIS, Oct 07 (Reuters): France captain Kylian Mbappe is facing criticism in his home country for skipping Les Bleus' Nations League games against Israel and Belgium while being available to play for Real Madrid.The forward picked up a muscle injury...

Players of Bangladesh women's cricket team attend a practice session at ICC Academy in Dubai

2024-10-08 00:00:00

Players of Bangladesh women's cricket team attend a practice session at ICC Academy in Dubai, ahead of their Women's T20 World Cup match against West Indies on October 10 (Thursday) — BCB

Lewandowski hat-trick restores Berca lead at top of La Liga

2024-10-08 00:00:00

MADRID, Oct 07 (AP): Robert Lewandowski continued his impressive start to the season on Sunday, scoring a hat trick in a 25-minute span as Barcelona beat Alaves 3-0 and went into the international break top of the Spanish league.Lewandowski scored...

PCB chief 'confident' of India's visit to Pakistan for Champions Trophy

2024-10-08 00:00:00

Pakistan Cricket Board (PCB) chairman Mohsin Naqvi is confident that the Champions Trophy 2025 will be held in Pakistan and all teams, including India, will participate in the tournament, according to ESPNcricinfo.The Champions Trophy is scheduled to start on February...

Jayasuriya named as full-time Sri Lanka cricket head coach

2024-10-08 00:00:00

COLOMBO, Oct 07 (AFP): Sanath Jayasuriya was appointed Sri Lanka cricket head coach on Monday, replacing Chris Silverwood who quit following the country's early exit from the T20 World Cup.Jayasuriya, 55, had been in interim charge since June and on...

BFF election on Oct 26

2024-10-08 00:00:00

The schedule of Bangladesh Football Federation (BFF) Election '2024 billed for October 26 was announced on Monday, reports UNB.The BFF Election 2024 will be held at Hotel Intercontinental in the city, from 2:00 pm to 6 pm after its annual...

Masood, Abdullah centuries lift Pakistan

2024-10-08 00:00:00

MULTAN, Pakistan, Oct 07 (AFP): Skipper Shan Masood and opener Abdullah Shafique both cracked centuries as Pakistan scored an impressive 328-4 on the opening day of the first Test against England in Multan on Monday.Masood's brilliant 151 was his first...

Copper demand for EV is intact

2024-10-08 00:00:00

London, Oct 7 (Reuters): The uptrend in demand for metals such as copper used in electric vehicles is intact despite doubts raised by the slowdown in EV sales, but estimating numbers is difficult as the market is evolving, commodity trader...

Gold edges up on Mideast conflict

2024-10-08 00:00:00

Gold prices edged up on Monday as an escalation in the Middle East conflict pushed investors to safe haven assets, while traders awaited inflation data this week for further clues on the Federal Reserve's rate cut path, reports Reuters.Spot gold...

Oil prices extend gains on fears of wider ME conflict

2024-10-08 00:00:00

LONDON, Oct 7 (Reuters): Oil prices extended gains on Monday, with Brent nearing $80 to build on last week's steepest weekly jump since early 2023, driven by fears of a wider Middle East conflict and potential disruption to exports from...

Little change expected

2024-10-08 00:00:00

MAPUTO, Oct 07 (AFP): Impoverished Mozambique votes for a president and parliament in a tense mood Wednesday as jihadist violence stalls natural gas projects that could bring a major boost to its morose economy.Barring any major surprises, the socialist Mozambique...

Mexican mayor murdered days after taking over

2024-10-08 00:00:00

MEXICO CITY, Oct 07 (BBC): The mayor of a Mexican city plagued by drug violence has been murdered less than a week after taking office.Alejandro Arcos was found dead on Sunday in Chilpancingo, a city of around 280,000 people in...

Blast kills two Chinese near Karachi airport

2024-10-08 00:00:00

KARACHI, Oct 07 (BBC): Two Chinese nationals have been killed and at least 10 people injured in a suspected suicide attack near Karachi airport in Pakistan. A third body, not yet officially identified, is thought to be that of the...

Seven key states likely to decide result

2024-10-08 00:00:00

WASHINGTON, Oct 07 (AFP): With just one month left in a deadlocked US presidential election, Donald Trump urged supporters Sunday in battleground Wisconsin to get out the vote, as Kamala Harris kicked off a week-long media interview blitz with a...

Muizzu gets red carpet welcome in India

2024-10-08 00:00:00

NEW DELHI, Oct 07 (AFP): Maldives President Mohamed Muizzu was given a red carpet welcome on his first state visit to India Monday, a trip aimed at repairing frail ties between the South Asian neighbours.Pro-China Muizzu came to power a...

Sweltering heat kills five at India airshow

2024-10-08 00:00:00

BENGALURU, Oct 07 (AFP): Soaring temperatures at a hugely crowded airshow in India where organisers had hoped to break record attendance figures left at least five people dead, media reported Monday.Hundreds of thousands of people gathered along a beach in...

Israel intensifies bombardment of Gaza, Beirut

2024-10-08 00:00:00

GAZA, Oct 07 (AP/AFP): A new round of airstrikes hit Beirut suburbs late Sunday as Israel intensified its bombardment of northern Gaza and southern Lebanon in a widening war with Iran-allied militant groups across the region. Palestinian officials said a...

World's rivers face driest year in three decades in 2023

2024-10-08 00:00:00

GENEVA, Oct 07 (AP): The U.N. weather agency is reporting that 2023 was the driest year in more than three decades for the world's rivers, as the record-hot year underpinned a drying up of water flows and contributed to prolonged...

Nylon fence erected along 40 kms of Sundarbans to tackle human-wildlife conflict

2024-10-08 00:00:00

KHULNA, Oct 07 (UNB): The Forest Department has installed nylon fence in 40-km areas at critical locations in the Sundarbans to halt the entry of tigers, deer and other wild animals to locality and increase the tiger population in the...