NEW YORK, Aug 2 (Reuters): The U.S. dollar dropped on Friday after a weaker than expected employment report for July raised expectations that the Federal Reserve will cut interest rates by 50 basis points in September in an attempt to...
WASHINGTON, Aug 2 (AFP): US manufacturing activity contracted more sharply than expected last month, according to industry survey data published Thursday, deepening a recent slump on continued weak demand and falling output.The Institute for Supply Management's (ISM) manufacturing index was...
The 13th International Conference on the Restructuring of the Global Economy (ROGE-2024) - Promoting Sustainability will be held at the Saïd Business School, University of Oxford, on August 5 and 6, reports UNB.This prestigious academic conference will gather academics, business...
OUR CORRESPONDENT | 2024-08-03 00:00:00
CHATTOGRAM, Aug 02: Switzerland-based Mediterranean Shipping Company (MSC), the world's largest ship company, has launched a direct shipping service between Chittagong sea port and China Port.One ship of the company named 'MSC Jinna' berthed at NCT-2 jetty of Chittagong port...
Global investors remained net buyers of equity funds for a sixth successive week through July 31, driven by expectations that the US Federal Reserve would signal a rate cut as early as September, which could reduce corporate borrowing costs, reports...
FE REPORT | 2024-08-03 00:00:00
Brain Station 23 PLC, a software company, will raise Tk 50 million from the SME market through a qualified investors offer (QIO) to procure computers and IT equipment for facilitating business expansion.Share subscription of the software company will begin on...
FE REPORT | 2024-08-03 00:00:00
Stocks extended its losing streak for a third straight week to Thursday as investors have been unnerved by the prospect of economic uncertainties stemming from ongoing nationwide student protests.As the students' movement turned out deadly leading to imposition of curfew,...
JASIM UDDIN HAROON and FARHAN FARDAUS | 2024-08-03 00:00:00
Women's intelligence is disastrous: the Bengali adage is old, snugly fits with the conventional wisdom of patriarchal Bangladesh and is comforting to those who explain the gender gap in financial affairs. But the problem is that the country's small number...
An Italian boxer abandoned her bout at the Paris Olympics after only 46 seconds on Thursday, refusing to continue after taking a heavy punch from an Algerian opponent who had been disqualified from last year's world championships over questions about...
SAINT-DENIS, France, Aug 02 (AP): To get a sense of the real race Afghanistan's lone woman at the Olympic track meet is running, one only needed to look at the back of her bib.On it, in handwritten script, were the...
PARIS, Aug 02 (Reuters): A French strategy to boost its medal count after years of sporting underachievement has begun to pay dividends at the Paris Olympics as rapturous home crowds propel its athletes up the medals table, although keeping up...
PARIS, Aug 02 (AP): Carlos Alcaraz moved one win away from becoming the youngest man to win an Olympics tennis singles gold medal by beating Felix Auger-Aliassime 6-1, 6-1 in the Paris Games semifinals on Friday.Alcaraz is a 21-year-old from...
PARIS, Aug 02 (Reuters): Katie Ledecky may be the most decorated female Olympic swimmer of all time but the American great is not ready to rest on her laurels until she has completed her quest for a ninth gold.Ledecky has...
MOSCOW, Aug 2 (TASS): Grain exports from Russia in the past agricultural season [July 1, 2023 - June 30, 2024] amounted to more than 70 mln metric tons, Agriculture Ministry's press service told TASS."Grain exports in the past season stood...
NEW DELHI, Aug 2 (Reuters): Hyundai, Kia Motors, Tata and Mahindra are lobbying India's most populous state not to offer incentives for hybrid cars, saying the move - set to help rivals Toyota and Maruti Suzuki - would hit targets...
BEIJING, Aug 2 (Reuters): China's cabinet on Friday issued a work plan to accelerate the development of a carbon emissions control system to help China meet its target of hitting peak carbon emissions by 2030.It will create a so-called "dual-control"...
BEIJING, Aug 2 (Reuters): China's state planner has set targets for the use of renewable energy for aluminium production, it said in a statement on Friday.Shandong province, China's biggest aluminium producer, has been set a target for renewables to account...
Gold prices hit their highest in over two weeks on Friday as Treasury yields and the dollar declined after data showed U.S. economy created fewer jobs than expected in July, boosting hopes of rate cuts by the Federal Reserve this...
LONDON Aug 2 (Reuters): Oil prices fell by more than $1 on Friday, remaining on course for a fourth successive weekly drop after data showed the U.S. economy added fewer jobs than expected in July, further clouding the outlook for...
Saudi FM, Blinken discuss Mideast tensions over phoneRIYADH, Aug 02: Saudi Arabian Foreign Minister Faisal bin Farhan Al Saud and US Secretary of State Anthony Blinken discussed regional developments in the Middle East over the phone on Thursday, the Saudi...
BANGKOK, Aug 02 (AFP): Myanmar military airstrikes hit a hospital in a city controlled by an ethnic minority armed group close to the China border killing 10 people, local media reported on Friday.Military planes carried out at least two air...
CARACAS, Venezuela, Aug 02 (AP): The stakes grew higher for Venezuela's electoral authority to show proof backing its decision to declare President Nicolás Maduro the winner of the country's presidential election after the United States on Thursday recognized opposition candidate...
WASHINGTON, Aug 02 (AFP/BBC): US journalist Evan Gershkovich and a Russian intelligence colonel jailed for a Berlin murder were among two dozen prisoners freed Thursday in the biggest East-West prisoner swap since the Cold War.The intricate multinational deal that freed...
DOHA, Aug 02 (Agencies): Mourners and supporters bid farewell Friday in Qatar to Hamas leader Ismail Haniyeh after his killing in Tehran, blamed on Israel, has heightened regional tensions as the Gaza war dragged on.Thousands of people gathered at the...
M Rokonuzzaman | 2024-08-03 00:00:00
If only some people are beneficiaries from their ties with the ruling party in grabbing lucrative contracts and thereby gain wealth through corrupt practices at the expense of oppressing others, will such a country ever reach high-income status? Through the...
The significance of reading books for intellectual growth is universally acknowledged. However, in an era dominated by digital distractions, the practice of immersing oneself in the world of books seems to be waning.The allure of smartphones and social media has...
In Bangladesh, mental and physical health of employees is often overlooked by employers. Maintaining a corporate lifestyle in Dhaka poses greater challenges compared to other major cities worldwide. Employees typically start their day by navigating crowded public transports and enduring...
Tanim Asjad | 2024-08-03 00:00:00
As the nation has just passed a week of horror and anxiety marked by the death of more than 200 people and injuries to many more as well as damage and destruction to valuable public property, it seems that a...
The loan amounting to Tk 50 billion that the loss-making state-owned investment bank, the Investment Corporation of Bangladesh (ICB), has sought from the Bangladesh Bank (BB), is learnt to be under consideration subject to its (ICB's) obtaining a sovereign guarantee...
FE REPORT | 2024-08-02 12:00:00
Eastern Bank Ltd (EBL) experienced a 30 per cent year-on-year growth in consolidated profit to Tk 1.76 billion in April-June (Q2), mainly supported by higher interest income.Its consolidated profit in January-June was also up 33 per cent to Tk 3.22...
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