Gold prices fell to a three-week low on Monday as the dollar held on to last week's gains and Treasury yields remained elevated on fading hopes of an early Federal Reserve rate cut, with markets looking ahead to US inflation...
LONDON, Jan 8 (Reuters): Oil prices fell by more than 2 per cent on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting supply concerns generated by escalating geopolitical tension in the...
BENGALURU, Jan 8 (Reuters): India's two benchmark indexes declined on Monday, dragged by financials and consumer stocks on concerns over their earnings and tracking a fall in global markets ahead of key economic data.The blue-chip NSE Nifty 50 index fell...
NEW YORK, Jan 8 (Reuters): The US healthcare sector is showing signs of life after lagging in 2023 as investors bet cheap valuations will offset a tendency to underperform during presidential election years.The S&P 500 healthcare sector has climbed about...
SHANGHAI, Jan 8 (Reuters): Chinese regulators have told heavily indebted local government financing vehicles (LGFVs) to stop issuing offshore bonds with a 364-day duration, closing a regulatory loophole that had allowed them to increase borrowing further last year, four sources...
WASHINGTON, Jan 08 (Reuters): South Korea's Qcells on Monday said it will supply Microsoft with 12 gigawatts of American-made solar panels through 2032 in what the companies called one of the largest ever deals of its kind.The agreement locks in...
RIYADH, Jan 08 (Arab News): Customers of small and medium-sized enterprises in the Middle East could find it easier to split payments after a deal by Saudi firm Tamara and Paymob.This strategic partnership combines former firm’s buy now, pay later...
FRANKFURT, Jan 08 (AFP): German exports rose more than expected in November, official data showed Monday, but analysts said it was too soon to signal a recovery as Europe's largest economy continues to face a series of headwinds.Exports totalled 131.2...
BEIJING/SINGAPORE, Jan 08 (Reuters): US chipmaker Nvidia plans to begin mass production in the second quarter of 2024 of an artificial intelligence (AI) chip it designed for China to comply with US export rules, two people familiar with the matter...
MUMBAI, Jan 8 (Reuters): The Indian rupee ended little changed on Monday as dollar demand from importers, including local oil companies, eroded early gains from inflows.The rupee ended at 83.1375 against the US dollar, barely changed from its previous close...
ISLAMABAD, Jan 08 (Reuters): Minister for Commerce, Industries and Investment, Gohar Ejaz and Minister of State for Foreign Trade of the United Arab Emirates (UAE), Dr Thani Ahmed Al Zeyoudi, recently held a productive meeting in Abu Dhabi to strengthen...
LONDON, Jan 8 (Reuters): Global shares edged into the red on Monday and investors, wary of rate hike narratives, braced for US inflation data and a corporate reporting season where robust results are needed to justify high valuations.Geopolitical tensions were...
RIYADH, Jan 08 (Arab News): Saudi Arabia and Belarus are set to bolster their trade and investment ties with the signing of a new memorandum of understanding. The MoU, signed between the Federation of Saudi Chambers and Belarus’ National Center...
Al-Arafah Islami Bank (AIB) distributed blankets among cold-stricken people as part of its corporate social responsibility (CSR). AIB Managing Director and CEO Farman R Chowdhury distributed the blankets as the chief guest at AIB head office on Monday. Deputy managing...
Pragati Life Insurance Limited and Mutual Trust Bank (MTB) have signed a bancassurance agreement at MTB's head office recently. Md Jalalul Azim, managing director and CEO of Pragati Life, and Syed Mahbubur Rahman, managing director and CEO of MTB, signed...
FE REPORT | 2024-01-09 00:00:00
DSEX, broad index of the Dhaka Stock Exchange (DSE), surged 25.3 points to settle at a two-month high of 6,270 points on Monday after the national election.Considering it as a good sign, market operators have expressed optimism about the restoration...
FARHAN FARDAUS | 2024-01-09 00:00:00
Sunlife Insurance has been sold to non-life insurance company Green Delta Insurance as the former has failed to stem mismanagement and made investments in immovable assets with no return since its 2013 listing. As the income flow dried up and...
Honda Motor Co is considering building an electric vehicle plant in Canada in a near 2 trillion yen ($13.83 billion) project that could possibly include in-house production of batteries, Japan's Nikkei news group reported on Sunday.The project could be one...
PARIS, Jan 8 (Reuters): France is drafting a law to reform the country's hydroelectric infrastructure to try to resolve a long-standing dispute with the European Union and allow investment in new capacity, the office of Energy Minister Agnès Pannier-Runacher said...
Johnson & Johnson said on Monday it had agreed to buy drug developer Ambrx Biopharma for $2 billion to gain access to drugs that belong to a class of targeted cancer therapies which have drawn interest from other drug makers,...
JAKARTA, Jan 8 (Reuters): Indonesia temporarily grounded three Boeing 737 MAX 9 planes on January 6, operated by Lion Air, despite different configurations from the plane that had to make an emergency landing in the US last week, the transport...
Abercrombie & Fitch on Monday raised its forecast for fourth-quarter and annual net sales, after strong demand for its apparel brands during the key holiday shopping period, reports Reuters.The company and Lululemon Athletica, which also raised its sales forecast for...
BEIJING, Jan 8 (Reuters): Apple's iPhone sales in China dropped by 30 per cent in the first week of 2024, Jefferies analysts said in a note, adding to signs of growing competitive pressures from domestic rivals such as Huawei for...
Prime Bank PLC, a leading private commercial bank, and Syngenta Bangladesh Limited signed an agreement whereby they will work together to increase crop production by extending credit facility to farmers and agricultural input sellers. Nazeem A. Choudhury, Deputy Managing Director...
Midland Bank Limited (MDB), under an intermediary agreement with Society for Family Happiness and Prosperity (FHP), an NGO, disbursed loans directly to farmers at 4 per cent interest rate under Bangladesh Bank Refinancing Scheme for the agricultural sector to ensure...
Md. Nasiruzzaman, former secretary at the Ministry of Agriculture, joined Bangladesh Krishi Bank (BKB) as its chairman for a second term on Monday, says a statement. Earlier, he served as the chairman of the bank from December 14, 2020 to...
LAUNCESTON, Australia, Jan 8 (Reuters): Asia's imports of seaborne thermal coal rose to a record high in December as top buyer China sucked up cargoes amid peak winter demand.But the robust demand did little to move prices as Indonesia and...
Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has congratulated the Awami League on its winning the national election for a fourth consecutive term. "This resounding victory is a reflection of the aspirations of the people of Bangladesh, who have...
NAZIMUDDIN SHYAMOL | 2024-01-09 00:00:00
CHATTOGRAM, Jan 08: The gas crisis that gripped the port city since October 20 last year due to a shortage of supply is likely to be resolved after March this year, sources said.The port city has been facing the gas...
Pakistan Cricket Board Monday appointed wicket-keeper and batter Muhammad Rizwan as the T20 team's vice-captain, according to Pakistan Tv channel Geo Tv.The board announced the development on X, formerly known as Twitter."@iMRizwanPak has been appointed vice-captain of Pakistan's T20I team,"...
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