FE REPORT | 2024-08-08 00:00:00
Student volunteers continued to control traffic and sweep filth in Dhaka city on Wednesday as things are yet to return to normal following recent violence countrywide.They also facilitated a move to return bits and bobs and other valuables an agitated...
FE REPORT | 2024-08-08 00:00:00
Top business leaders Wednesday urged immediate restoration of law and order and security for normal run of businesses and economic growth, as marauding occurred in the transitional time of governance.They voiced concerns over destructive activities, torching and vandalism targeting industrial...
Additional Inspector General of Police (AIGP) AKM Shahidur Rahman has been appointed as the new Director General (DG) of Rapid Action Battalion (RAB), reports BSS.In this regard, the public security division under the Ministry of Home Affairs issued a gazette...
GAZIPUR, Aug 7 (Agencies): Six inmates of Kashimpur central jail in Gazipur were shot dead by security personnel while 209 others managed to flee on Tuesday.In another incident at least 30 to 40 prisoners have escaped from Kushtia District Jail.Senior...
M AZIZUR RAHMAN | 2024-08-08 00:00:00
A 15-member council of advisers of the interim government of Bangladesh, led by Nobel laureate Prof Muhammad Yunus, is set to be sworn in this evening to fill a three-day gap in power. Army chief General Waker-Uz-zaman, flanked by the...
FE REPORT | 2024-08-08 00:00:00
American ratings agency S&P says the political crisis in Bangladesh has further undermined its economic growth, fiscal performance and external metrics, especially foreign exchange, but pins hope on possible fast turnaround.The latest alert came Wednesday from the Melbourne office of...
BENGALURU, Aug 7 (Reuters): India's Tata Power beat first-quarter profit estimates on Tuesday, helped by strong energy demand on the back of strong industrial activity and extreme heat conditions.The company reported a consolidated profit of 9.71 billion rupees ($116 million)...
DUBAI, Aug 07 (AFP): Passenger traffic at Dubai International Airport, the world's busiest for international travellers, reached a record 44.9 million in the first half of the year, its operator said on Wednesday.The figure marked an eight per cent increase...
HONG KONG, Aug 07 (AFP): Liquidators for China's Evergrande have filed a lawsuit against PwC in Hong Kong for its role in auditing the debt-ridden real estate behemoth, according to a report Wednesday by Bloomberg News.The lawsuit is part of...
BEIJING, Aug 07 (AFP): China's exports grew slightly slower than expected in July while imports surged, official figures showed Wednesday, as the world's second-largest economy charts an uneven recovery.Overseas shipments expanded 7.0 per cent on-year last month, according to China's...
FRANKFURT, Aug 07 (AFP): German exports unexpectedly registered a sharp drop in June but industrial production rose, official data showed Wednesday, as Europe's biggest economy struggles to emerge from a weak period.Exports dropped 3.4 per cent from the previous month...
HAKODATE (Japan), Aug 07 (Reuters): The Bank of Japan's (BoJ) influential deputy governor said on Wednesday the central bank will not hike interest rates when markets are unstable, playing down the chance of a near-term hike in borrowing costs.The remarks...
Shopify beat analysts' estimates for second-quarter revenue and forecast an upbeat current quarter as its e-commerce services attracted more merchants following the launch of AI-enabled tools, reports Reuters.Shopify reported a 21 per cent jump in second-quarter revenue to $2.05 billion,...
Uber's second-quarter results beat Wall Street estimates on the back of steady demand for its ride-sharing and food-delivery services, sending the company's shares up 5 per cent on Tuesday, reports Reuters.With more people returning to offices and stepping out of...
The 51st Annual General Meeting (AGM) of the company was held virtually on Wednesday in compliance with all the applicable circulars issued by the regulatory authorities. Moloy Banerjee, Chairman of the company, presided over the meeting. Rupali H Chowdhury, Tanjib-Ul...
Bengal Commercial Bank held its 4th Annual General Meeting (AGM) at a hotel in Dhaka recently. Md. Jashim Uddin, Chairman of the Board of the bank, presided over the meeting. Mahbubul Alam and Ghulam Mohammed Alomgir, Vice Chairmen of the...
NAZIMUDDIN SHYAMOL | 2024-08-08 00:00:00
The elevated water levels in Kaptai Lake this monsoon season have boosted power generation at the Kaptai Hydroelectric Power Station.The plant is currently generating between 200 and 205 megawatts (MW) of electricity a day, the highest power output recorded at...
FE REPORT | 2024-08-08 00:00:00
A group of BGMEA members on Wednesday expressed their no-confidence in the existing board of directors due to their controversial roles during the recent quota-reforms movement of the students.In a memorandum, they claimed that the president of the current board,...
FE REPORT | 2024-08-08 00:00:00
Local microfinance institutions (MFIs) have been increasingly relying on clients' savings and their own surplus funds for operating expenses over the years, according to data, demonstrating an impressive shift from heavy foreign funding dependence.In FY23, more than 70 per cent...
TOKYO, Aug 07 (Reuters): Japanese technology investor SoftBank Group said on Wednesday it plans to buy back a hefty $3.4 billion of its shares, an action called for by shareholders including Elliott Management to bolster its stock price.The logic for...
TOKYO, Aug 07 (AFP): Honda reported bumper quarterly net profits on Wednesday as strong hybrid vehicle sales in the United States and Japan, along with a weaker yen, helped the Japanese automaker overcome weakness in China.The firm said net profit...
TOKYO, Aug 07 (Reuters): Sony on Wednesday reported a 10 per cent rise in operating profit in the April-June quarter, beating analyst estimates, boosted by its industry-leading image sensor business.Profit at the Japanese tech and entertainment conglomerate was 279 billion...
TOKYO, Aug 7 (Reuters): A day after the Tokyo stock market had its biggest fall since 1987, Yuri Sekiya decided it was time to heed Prime Minister Fumio Kishida's longstanding call for Japanese citizens to invest more of their $15...
BENGALURU, Aug 7 (Reuters): India's benchmark indexes rose about 1 per cent on Wednesday, snapping a three-session losing streak and a day late in joining the global rebound as fears of a US recession abated.The NSE Nifty 50 index gained...
Stocks in the Middle East broadly rose on Wednesday, extending their comeback from an aggressive sell-off in global stocks earlier in the week driven in part by fears of a possible US recession, reports Reuters.Stock markets in Saudia Arabia, Dubai...
LONDON, Aug 7 (Reuters): Novo Nordisk on Wednesday trimmed its full-year profit outlook after reporting weaker-than-expected quarterly sales of its popular weight-loss drug Wegovy, stirring worries among investors about stiffening competition from Eli Lilly.The results end a prolonged streak of...
Foreign investment in Asian equities slowed in July amid increased market volatility and heavy selling in technology stocks, compounded by weak economic data and disappointing corporate earnings that dampened risk sentiment, reports Reuters.Fears of a second Trump presidency also sparked...
RIYADH, Aug 07 (Arab News): Saudi Arabia's trade with South Korea remains strong, with exports from the Kingdom increasing 36.19 per cent year-on-year to SR10.31 billion ($2.75 billion) in May, official data showed. It was the second-largest destination for Saudi...
WASHINGTON, Aug 07 (Reuters): Apple's lucrative deal with Google could be under threat after a US judge ruled that the Alphabet-owned search giant was operating an illegal monopoly.A potential remedy for Google to avoid antitrust actions could involve terminating the...
WASHINGTON, Aug 07 (BBC): Elon Musk's X/Twitter is suing a group of advertisers and major companies, accusing them of unlawfully agreeing to "boycott" the site.It has filed a claim against the food giants Unilever and Mars, private healthcare company CVS...
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