Most major stock markets in the Gulf were little changed in early trade on Thursday, while the Saudi market was slightly lower, as traders counted down to US data later in the day that is expected to show inflation easing...
SINGAPORE, July 11 (Reuters): Taiwan's TSMC scaled a record high on Thursday after posting strong second-quarter revenue on booming demand for AI applications, cementing its position as Asia's most valuable company.TSMC also topped a trillion dollar market value this week.The...
HONG KONG, July 11 (AFP): Asian stocks on Thursday tagged along with a Wall Street rally that saw another round of record highs as bets on a September interest rate hike surged following comments by Federal Reserve boss Jerome Powell.The...
FRANKFURT, Germany, July 11 (AFP): The number of ECB staff suffering from burnout has risen steadily in recent years to reach nearly four in ten, according to an internal study seen by AFP Thursday.The number of employees at the European...
Pfizer plans to move a reworked, once-a-day version of its weight-loss pill danuglipron into clinical trials later this year, the company said on Thursday, after scrapping a twice- daily version of the drug late last year, reports Reuters. The new...
Foreign investors made hefty investments in Japanese stocks in the week ended July 5, driven by a market rally and optimism over the outlook for solid corporate earnings in the second half of the year, reports Reuters.According to exchange data,...
Barobi Design, the exclusive distributor of luxury and innovation in bathware, hosted the launch of Jomoo's latest collection of intelligent and luxury bathware solutions at their flagship store at Banani in Dhaka recently. The successful launch underscores Barobi Design's commitment...
A Memorandum of Understanding (MoU) has been signed between Bangladesh House Building Finance Corporation (BHBFC) and Rajdhani Unnayan Kartripakkha (RAJUK) regarding BHBFC's home loan for flat and apartments built by RAJUK. The MoU was signed on Thursday at RAJUK Bhavan...
The 877th meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held at the Corporate Head Office of the Bank on Wednesday. The meeting was presided over by Akkas Uddin Mollah, Chairman of Executive Committee...
Four new factories in Bangladesh have recently been certified as LEED Platinum-rated, marking a significant achievement in the country's sustainable industrial growth over the years, reports BSS. The factories of the companies are Shirts Limited, Aptech Caswier Ltd, Ananta Jeanswear...
Prime Bank PLC. has signed a payroll banking agreement with REVE Group. Under the agreement, Prime Bank will extend exclusive benefits to REVE Group employees, including preferential offers in Accounts, Credit Cards, loans, and digital banking solutions. These offerings are...
The Premier Bank PLC has shifted its Islami Banking Branch, Mohakhali, to spacious new premises (MS Center, Mohakhali C/A, Dhaka-1212) to provide the most modern and the best-in-class customer service. Managing Director & CEO of the Bank Mohammad Abu Jafar...
Mutual Trust Bank PLC (MTB) has been honoured as one of the top ten sustainable banks in Bangladesh by the central bank of Bangladesh, reflecting its commendable performance in 2023. This prestigious recognition, awarded by the Sustainable Finance Department (SFD)...
A week-long 'National Fisheries Week-2024' will begin on July 30 across the country to promote sustainable development and expansion of fisheries resources, reports BSS."Prime Minister Sheikh Hasina is expected to inaugurate the 'National Fisheries Week-2024' at 10:30am on July 31...
FE REPORT | 2024-07-12 00:00:00
The government will buy refined fuel oil from eight state-owned enterprises of six countries under the government-to-government (G2G) long-term deals at a cost of Tk 164.84 billion during the July-December period.In this regard, the Cabinet Committee on Government Purchase (CCGP)...
FE REPORT | 2024-07-12 00:00:00
ICB Asset Management Company plans to sell another 6 million units of "ICB AMCL CMSF Golden Jubilee Mutual Fund" at the prevailing market price within 30 working days from Thursday.The sponsor of the close-ended mutual fund wants to sell these...
The 'Summit-Friendship Solar Village' project, located in Gaibandha, has received the prestigious Reuters' Global Energy Transition Awards 2024 under the 'Projects of Impact' category in New York, USA recently, says a press release.Among 500 entries this year from around the...
FE REPORT | 2024-07-12 00:00:00
Techno Drugs Ltd is set to make its share trading debut on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) Sunday under the 'N' category. It will become the 34th listed firm in the "pharmaceuticals & chemicals" sector...
FE REPORT | 2024-07-12 00:00:00
Stocks plummeted on Thursday, extending the losing streak for the second day in a row, as the risk-averse investors continued to book profit on quick-gaining shares.The market opened on a positive note in the morning but failed to sustain the...
BRASILIA (Reuters): Brazil has put into effect a free trade agreement with the Palestinian Authority that has been waiting for ratification for more than decade, in a show of support for the Palestinian people."The agreement is a concrete contribution to...
IPDC Finance has been recognized as top performing finance company in Bangladesh Bank's Sustainability Rating 2023, says a press release. The sustainability rating evaluates banks and financial institutions based on several components: sustainable finance, green finance, green refinance, core banking...
Global Islami Bank opened its branch at Benapole in Jashore on Thursday. Syed Habib Hasnat, Managing Director of the bank, inaugurated the branch as the chief guest. Additional Managing Director Kazi Mashiur Rahman Jayhad, Mayor of Benapole Pouroshava Md. Nasir...
IDLC Finance was included in Bangladesh Bank's Sustainability Rating list for 2023. This marks the fourth consecutive year that IDLC Finance has been recognized for its outstanding commitment to sustainable practices and corporate responsibility, says a press release.Bangladesh Bank's Sustainability...
BRAC Bank PLC has achieved an unprecedented net deposit growth of BDT 55 billion (5,500 crore) in the first half of 2024, breaking all-time industry records in the past.This milestone reflects the increasing customer confidence, strong engagement, and robust relationships...
FE REPORT | 2024-07-12 00:00:00
The country should nurture its semiconductor industry to prevent the outflow of educated and skilled professionals, according to stakeholders, as they outlined a roadmap requiring investment, university partnerships, joint ventures and venture capital to help Bangladesh tap a market valued...
Chicago wheat, corn and soybean futures edged up in early trade on Thursday, steadying after losses in the previous session caused by favourable US crop conditions, but prevailing caution in the market capped further gains, reports Reuters.The most-active wheat contract...
Gold prices jumped more than 1.0 per cent on Thursday to break above the $2,400 per ounce level after data showed US consumer prices unexpectedly slipped last month, boosting bets for interest rate cuts by the Federal Reserve, reports Reuters.Spot...
BEIJING, July 11 (AFP): China is building almost twice as much wind and solar energy capacity as every other country combined, research published Thursday showed.The world's second-largest economy is the biggest emitter of the greenhouse gases that drive climate change.China...
FE REPORT | 2024-07-12 00:00:00
Air Astra, the newest airline in Bangladesh, launched its frequent flyer programme 'ORBIT' on Thursday. The launching event organised at a Dhaka hotel was inaugurated by Rubaba Dowla, prominent corporate personality and country Managing Director of Oracle Bangladesh. Imran Asif,...
LONDON, July 11 (Reuters): Oil prices rose on Thursday with the Brent benchmark holding above $85 a barrel, as hopes rose for rate cuts in the United States after data showed a slowdown in inflation.Brent futures were up 27 cents,...
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