FE Today Logo

Search results for:


Global bond funds see hefty inflows on rate cut hopes

2024-07-13 00:00:00

Global debt funds attracted inflows for a 29th straight week in the seven days to July 10 on expectations of a Federal Reserve rate cut amid weakening labour market conditions and easing inflation levels, reports Reuters.According to LSEG data, global...

BRAC BANK CELEBRATES ACHIEVEMENT

2024-07-13 00:00:00

BRAC Bank Distribution Network has achieved a net deposit growth of Tk 55 billion in the first half of 2024, breaking all-time industry records in the past. Meheriar M Hasan, Chairperson, Selim R F Hussain, Managing Director & CEO, and...

Stock rally loses steam on profit-taking

FE REPORT | 2024-07-13 00:00:00

The stock market managed to stay positive this week, extending the gaining streak for the fourth straight week even as cautious investors opted to book profit on quick-gaining stocks.As many stocks saw price appreciation by 10 to 15 per cent...

Speculation of Japan forex intervention after yen rally

2024-07-13 00:00:00

TOKYO, July 12 (AFP): A surge in the yen triggered speculation among analysts on Friday that Japanese authorities may have again intervened in forex markets to prop up the ailing currency.In New York, the dollar shed more than two percent...

US unveils $1.7b boost to electric vehicle manufacturing

2024-07-13 00:00:00

WASHINGTON, July 12 (AFP) : US President Joe Biden's administration said Thursday it is issuing $1.7 billion in grants to help expand or revive auto facilities for making electric vehicles and parts -- including in election battlegrounds Michigan and Georgia.The...

India's opposition Congress asks Modi to tax billionaires more

2024-07-13 00:00:00

NEW DELHI (Reuters): India's main opposition Congress party asked Prime Minister Narendra Modi on Friday to impose an additional tax on the country's billionaires to generate funds for stretched public services like education and health.The annual budget will be presented...

Africa proposes WTO chief for 2nd term

2024-07-13 00:00:00

GENEVA (Reuters): The African Group has asked World Trade Organization (WTO) chief Ngozi Okonjo-Iweala to run for a second term as the head of the global trade watchdog, a document showed on Friday.Okonjo-Iweala, a former Nigerian finance minister, made history...

BIMSTEC urged to establish a 'free trade area'

FE REPORT | 2024-07-13 00:00:00

Discussants at the 3rd Bay of Bengal Economic Dialogue 2024 have called upon the BIMSTEC leaders to establish a 'BIMSTEC free trade area' to expedite trade and investments among the member nations.They also called for the creation of a 'BIMSTEC...

Russia tests armoured plating to protect energy infrastructure

2024-07-13 00:00:00

MOSCOW (Reuters): Russia's state-owned Rostec corporation said on Thursday it had successfully conducted trials of armoured plating designed to protect critical infrastructure from drone attacks, grenades and bullets.Rostec said each plate weighed 30 kilogrammes and that such plates could potentially...

Oil trades in narrow range since 2022 on OPEC+, sanctions and demand worries

2024-07-13 00:00:00

LONDON (Reuters): Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep a floor under prices while sizeable spare capacity, demand uncertainty and sanctions policy prevent the market breaking...

News in Brief 2024-07-13

2024-07-13 00:00:00

Billionaire bash: India's lavish Ambani nuptialsMUMBAI, July 12: Billionaire Indian tycoon Mukesh Ambani celebrates the lavish finale of his son's wedding this week, highlighting his staggering wealth, as well as India's rapid economic growth and stark financial inequalities. Ambani's younger...

NATO summit highlights defence deals for RTX, Boeing and others

2024-07-13 00:00:00

WASHINGTON (Reuters): The NATO summit in Washington showcased a series of significant deals for top U.S. defence companies and others, including RTX, Lockheed Martin, Boeing, Norway's Kongsberg Defense and Sweden's SAAB. Here are some of the weapons procurements that were...

Meloni upstaged in Europe after challenging weeks

2024-07-13 00:00:00

ROME, July 12: Italy's Prime Minister Giorgia Meloni has carved a reputation for herself as a leader and unifier of Europe's fractured far right, but political turmoil on the continent has shaken her position.Close ally Viktor Orban of Hungary has...

Pakistan SC grants seats to jailed ex-PM Imran Khan’s party

2024-07-13 00:00:00

ISLAMABAD, July 12 (AFP): Pakistan's Supreme Court on Friday granted jailed former prime minister Imran Khan's party around 20 seats in parliament reserved for women and minorities, months after national elections marred by allegations of pre-poll rigging.In February polls, candidates...

Israeli forces pull back after Gaza city offensive, leaving dozens of bodies

2024-07-13 00:00:00

CAIRO/GAZA, July 12 (Agencies): Israeli forces retreated from some Gaza City districts overnight after a fierce, week-long offensive, leaving dozens of dead and wrecked homes and roads in the Palestinian enclave's biggest urban area, residents and rescue service said on...

US tennis player Serena Williams

2024-07-13 00:00:00

US tennis player Serena Williams arrives for the 32nd annual ceremony of the ESPY Awards at the Dolby Theatre in Hollywood, California on Friday — AFP

Paolini eyes Wimbledon title against Krejcikova

2024-07-13 00:00:00

LONDON, July 12 (AFP): Italy's Jasmine Paolini has set her sights on capping a "crazy" run to Saturday's Wimbledon final against Barbora Krejcikova by winning a maiden Grand Slam title.Paolini survived the longest women's singles semi-final in Wimbledon history to...

Siddikbazar, Samaj Kalyan earn victory

2024-07-13 00:00:00

Siddikbazar Dhaka Junior Sporting Club and Samaj Kalyan O Krira Sangsad Mugda won their respective matches of the Bashundhara Group Senior Division Football League held at Birshreshtha Shaheed Sepoy Mohammad Mostafa Kamal Stadium in the city's Kamalapur on Friday, reports...

Bangabandhu inter-college football meet inaugurated

2024-07-13 00:00:00

NARAIL, July 12 (BSS): Bangabandu inter college football tournament was inaugurated in the town on Friday.Deputy Commissioner Mohammad Ashfaqul Haque Chowdhury inaugurated the tournament at Nur Mohammad Stadium.Police Super Md Mehedi Hasan, Additional District Magistrate Linkon Biswas, Veteran Freedom Fighter...

Final, Third-place schedule for Euro & Copa America -

2024-07-13 00:00:00

Saudi Arabia to host first Esports Olympics in 2025

2024-07-13 00:00:00

LAUSANNE, July 12 (AFP): Saudi Arabia will host the inaugural Esports Olympics in 2025 the International Olympic Committee said on Friday."The International Olympic Committee (IOC) on Friday announced it has partnered with the National Olympic Committee (NOC) of Saudi Arabia...

Anderson bows out of Test cricket a winner as England thrash WI

2024-07-13 00:00:00

LONDON, July 12 (AFP): James Anderson bowed out of international cricket on the winning side as England thrashed the West Indies by an innings and 114 runs on the third day of the first Test at Lord's on Friday.This was...

Bangladesh U-18, U-20 H’ball teams reach finals

2024-07-13 00:00:00

Both Bangladesh Youth (U-18) and Junior (U-20) Handball teams reached the finals of the four-nation International Handball Federation (IHF) Men's Trophy' 2024 Zone 11 (Asia) eliminating the Maldives at the Sawai Man Singh Indoor Stadium in Jaipur, India Friday, reports...

Spain bring much-needed thrills to Euro 2024

2024-07-13 00:00:00

BERLIN, July 12 (AFP): England and Spain face off in Sunday's Euro 2024 final after taking very different routes to Berlin in a tournament that has at times lacked for thrills.Spain have been a class apart despite a devilishly difficult...

Towards excellence

IG Chowdhury | 2024-07-13 00:00:00

We grew up with many sage words such as 'early to bed and early to rise' as the way to be successful in life. Yet, there are situations in life where the reverse works better. I have a friend whose...

The monsoon so long missed here has returned

Nilratan Halder | 2024-07-13 00:00:00

Barsha Ritu (monsoon) has arrived at its capricious best this year. There were hardly any rains in this second season on the Bangla calendar in decades. Even a modern Yaksha pronounced as Jaksha would find it almost impossible to stop...

Creating awareness to stop child marriage

2024-07-13 00:00:00

Child marriage is a social ailment that deeply affects Bangladeshi communities. Despite legal provisions for punishment, the prevalence of child marriage remains high due to a lack of awareness. Early marriage poses extreme health risks for women, especially during pregnancy....

Unreasonable quota is death knell for youth

2024-07-13 00:00:00

After graduation most students aim to secure a good government job, move abroad for higher education to build a career, or start a business. Every country has its recruitment policy and process for government and private jobs, and Bangladesh is...

No alternative to school bus for Dhaka

Tanim Asjad | 2024-07-13 00:00:00

With fanfare, the Dhaka North City Corporation (DNCC) launched a 'smart' school bus service in Dhaka last week on a pilot basis. Under the initiative, the Bangladesh Road Transport Corporation (BRTC) operates three double-decker buses on three fixed routes designed...

Potential of seaweed farming looks bright

Syed Mansur Hashim | 2024-07-13 00:00:00

Seaweed typically grows in salty sea water or on rocks below the high-water marks. It is an aquatic resource that is rich in iodine, vitamins and minerals and has been used widely in food supplements and pharmaceutical products. Research in...