Major stock markets in the Gulf fell in early trade on Monday, tracking oil prices lower, reports Reuters.Oil prices - a catalyst for the Gulf's financial markets - slipped, with Brent falling toward $80 a barrel, as investors awaited the...
LONDON/SYDNEY, Nov 27 (Reuters): Global equities were little changed on Monday as investors waited for key US and European inflation data later in the week, while gold hit a six-month high as the dollar fell.MSCI's index of world stocks was...
LONDON, Nov 27 (AFP): Prime Minister Rishi Sunak on Monday announced £29.5 billion ($37.2 billion) of private funding for new UK projects as more than 200 CEOs descended on London for the 2023 Global Investment Summit.The UK government said the...
COPENHAGEN, Nov 27 (Reuters): Tesla has filed a lawsuit against the Swedish government's Transport Agency over a workers' strike that has blocked the US auto maker's requests for license plates for new vehicles, business daily Dagens Industri reported on Monday.IF...
MADRID, Nov 27 (Reuters): Amazon reached an agreement with most of its workers in Spain on Monday, avoiding the full impact of a planned one-hour strike per shift on one of the busiest online shopping days of the year, according...
LONDON/SHANGHAI/HYDERABAD, Nov 27 (Reuters): Drugmakers are seeking to limit their reliance on Chinese contractors who produce drugs used in clinical trials and early-stage manufacturing, a move that is benefiting rivals in India, according to interviews with 10 industry executives and...
A workshop on "Capacity Enhancement of People's Leasing and Financial Services Ltd: Development of a Road-map for Capital Injection, Investment and Operational-management of Company Perspectives" organised by People's Leasing and Financial Services Limited (PLFSL) was held at its head office...
A Unit Manager Sammilon and Business Development Meeting of Thakurgaon, Dinajpur, Rangpur, Gaibandha, Bogura & Naogaon work area under Gono-Grameen Bima of Delta Life Insurance Company Ltd was held at a local convention centre in Rangpur recently. Delta Life Insurance...
LONDON, Nov 27 (Reuters): A new front has emerged in Israel's fight against the funding of Iran-backed militant groups from Hamas to Hezbollah: A fast-growing crypto network called Tron.Quicker and cheaper than its larger rival Bitcoin, Tron has overtaken its...
NCC Bank Limited recently organised the 'Annual Risk Conference-2023' in Dhaka as part of the bank's commitment towards awareness building and being more compliant with regulatory directives. The theme of this year's risk conference was 'Risk in Digital Banking: Challenges...
As part of Corporate Social Responsibility (CSR), Pubali Bank PLC has gifted a microbus to Ibrahim Cardiac Hospital & Research Institute. Mohammad Ali, Managing Director & CEO of Pubali Bank, handed over the key of the microbus to Prof Dr...
Southeast Bank signed a memorandum of understanding with Flight Expert BD Limited in Dhaka recently. Nuruddin Md Sadeque Hossain, managing director of Southeast Bank, and Salman Bin Rashid Shah Sayeem, managing director of Flight Expert BD Limited, exchanged the signed...
Holiday Inn Dhaka has recently inked a deal with MetLife to provide insurance facilities for its employees in Bangladesh, said a press release.Under the deal, all employees of the hotel and their dependents will receive financial support for medical treatments,...
Esmoth Ara Yesmin, a housewife and a resident of Feni's Chhagalnaiya Upazila, has been awarded 200 per cent cash voucher after she had bought a Walton brand refrigerator as the customer's benefit declared in the company's ongoing Digital Campaign Season...
Bajaj Auto along with Uttara Motors launched the first groundbreaking higher CC Pulsar N250 Motorcycle in Bangladesh, solidifying its place as the go-to choice for motorcycle enthusiasts in the country, said a press release. Indian High Commissi-oner Pranay Verma attended...
FE REPORT | 2023-11-28 00:00:00
Richard D' Rozario, managing director of Global Securities, has been elected uncontested as a shareholder-director of the Dhaka Stock Exchange for the next three years.Mr Rozario will replace Md Siddiqur Rahman, chairman of Sterling Stocks and Securities, who is retiring...
Md Mahiul Islam, head of retail banking, and Ahmed Rashid Joy, head of credit risk management, have been promoted to deputy managing director at BRAC Bank, according to a statement. The promotions will be effective from December 1, 2023. Mr...
FE REPORT | 2023-11-28 00:00:00
Stocks suffered a big jolt on Monday as jittery investors dumped their holdings, fearing further erosion of their portfolios.The latest policy rate hike by a further 50 basis points amid a tightened monetary space fueled concerns among investors regarding the...
FE REPORT | 2023-11-28 00:00:00
S.S. Steel is set to acquire fixed assets of two non-listed steel makers -- Super Steel and Peninsula Steel Mills, located at Sitakunda in Chattogram -- as part of its business expansion.The fixed assets -- land (164 decimal), steel structure...
BABUL BARMAN | 2023-11-28 00:00:00
The mutual fund industry found itself in a tight spot in FY23, as the price movement restriction kept the market stagnant throughout the year giving little opportunity for capital gains. Open-ended mutual funds that secured commendable double-digit returns a year...
BENGALURU, Nov 27 (Reuters): India's economic expansion likely moderated but remained strong in the September quarter, supported by robust service activity and solid urban demand despite a global slowdown dampening export growth, according to a Reuters poll of economists.Gross domestic...
MOSCOW/DELHI, Nov 27 (Reuters): One of Russia's most lucrative oil trade routes since the imposition of Western sanctions over the Ukraine conflict faces a major challenge because of the drawbacks of payment in currency other than dollars, with no short-term...
Rupali Bank held an awareness meeting on grievance redress management system with the stakeholders of the bank at its Noakhali regional office recently. Managing Director and CEO of the bank Mohammad Jahangir was present as the chief guest while Zonal...
National Life Insurance Co. Ltd., a leading insurance company, has achieved the 4th Emerging Asia Insurance Award 2023 as the 'Best Life Insurance Company' in the country. CEO of the company Md Kazim Uddin and CFO Prabir Chandra Das received...
Nagad, a popular mobile financial service provider, has clinched Mastercard Excellence Award 2023 for its outstanding contribution to credit card bill payments. The mobile money carrier has been honoured with this prestigious award as the "Master Evolution". Nagad Executive Director...
Prime Bank PLC has won Mastercard Excellence Awards 2023 in the 'Debit Business (Domestic)' category. Nazeem A Choudhury, Deputy Managing Director of the bank, along with Masudul Haque Bhuiyan, Head of Cards & Alternative Delivery Channel, received the award from...
LankaBangla Finance PLC has won the Mastercard Excellence Awards 2023 in the categories of 'Mastercard Contactless (Issuing)' and 'Mastercard Credit Business (Domestic)'. Khwaja Shahriar, Managing Director & CEO of LankaBangla Finance, received the awards at a programme held at a...
WASHINGTON, Nov 27 (Reuters): Sales of new US single-family homes fell more than expected in October, likely as higher mortgage rates reduced affordability, but the housing segment remains supported by a persistent shortage of previously owned properties on the market.New...
REZAUL KARIM | 2023-11-28 00:00:00
The Bangladesh Trade and Tariff Commission (BTTC) has recommended exempting the income of indenting services from value-added tax (VAT) as these earnings are recognised as export earnings by the government. Currently, indenting agents in the country are required to pay...
Summit Communications and Amal Foundation have signed a Memorandum of Understanding (MoU) to introduce 'Project Poripurna', a women's empowerment project aimed at uplifting communities in need. According to the MoU, Summit Communications will fund the project, says a press release....
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