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15.4m new voters added in 5 years: EC

2024-01-05 00:00:00

The number of voters across the country stands at 119.6 million (11.96 crores) and of them new voters are 15.4 million (1.54 crore), according to the Election Commission, reports UNB. The EC published the final list of voters on Thursday...

Police, AL clash with BNP activists in Natore, 7 hurt

2024-01-05 00:00:00

NATORE, Jan 4 (UNB): Seven people including two policemen were injured as a clash broke out among police, supporters of Awami League and BNP activists during the party's leaflets distribution programme at Singra Bus Stand in Singra upazila of Natore...

Hasina never scared of threat from foreign powers: Quader

2024-01-05 00:00:00

Awami League General Secretary Obaidul Quader on Thursday said BNP is waiting for sanctions from the USA on Bangladesh to change the ongoing political situation, but Prime Minster Sheikh Hasina has clearly said she is never worried about foreign restrictions,...

RAB nabs 50 public representatives

FE REPORT | 2024-01-05 00:00:00

Rapid Action Battalion (RAB) members have detained 50 public representatives, including an upazila chairman, for allegedly violating the electoral code of conduct.RAB Director (legal and media) Commander Khandakar Al Moin disclosed it to the media at a press briefing at...

A crushing defeat awaits AL on Jan 7: Moyeen Khan

2024-01-05 00:00:00

BNP leader Dr Abdul Moyeen Khan on Thursday said that the government will suffer a crushing defeat through the 'dummy' election on January 7, reports UNB."The government is thinking of a victory on January 7. The reality is that Awami...

Exercise voting rights for democracy's sake

2024-01-05 00:00:00

NARAYANGANJ, Jan 04 (UNB): Awami League President and Prime Minister Sheikh Hasina on Thursday urged the people to exercise their voting rights in Sunday's election to prove that democracy prevails in Bangladesh."Go to polling stations and cast votes to foil...

Record monthly FPI buying in December drives India's Nifty 50 to record highs

2024-01-05 00:00:00

BENGALURU, Jan 4 (Reuters): Foreign portfolio investors (FPI) made record monthly purchases of Indian equities totalling 661.35 billion rupees ($8 billion) in December, National Securities Depository data showed.The record buying propelled India's stock benchmarks, Nifty 50 and Sensex, to fresh...

European shares rebound from three-week lows on energy, healthcare boost

2024-01-05 00:00:00

European shares bounced back on Thursday, boosted by healthcare and energy stocks, with adamant investors assessing a slew of economic data for any signs that the European Central Bank could loosen monetary policy sooner than expected this year, reports Reuters.The...

Goldman Sachs Asset Management raises $650 mln for life sciences fund

2024-01-05 00:00:00

Goldman Sachs Asset Management said on Wednesday it had raised $650 million for a new fund that will invest in startups related to the life sciences sector, reports Reuters.The fund, West Street Life Sciences I, will specifically target early to...

French inflation ticks up in Dec

2024-01-05 00:00:00

PARIS, Jan 04 (AFP): Inflation in the eurozone's second-largest economy France accelerated in December, official data showed Thursday, with food prices a persistent sore point for consumers. Prices grew 3.7 per cent year-on-year last month, statistics authority Insee said in...

German car sales up in 2023 but electric models lose ground

2024-01-05 00:00:00

BERLIN, Jan 04 (AFP): Sales of new cars in Germany increased in 2023, official data showed Thursday, but an end to government subsidy programmes saw electric vehicles lose ground on fossil-fuel models.A total of 2.8 million new cars hit the...

GM offers $7,500 incentive for EVs losing US tax credit

2024-01-05 00:00:00

WASHINGTON, Jan 04 (Reuters): General Motors said on Wednesday it is offering incentives of $7,500 on its electric vehicles that earlier this week lost a US government tax credit, while Ford Motor said it is hiking the prices of some...

Citi targets China investment bank unit launch, 30 new hires by end 2024

2024-01-05 00:00:00

HONG KONG, Jan 04 (Reuters): Citigroup Inc is aiming to launch its wholly owned China investment banking unit as early as the end of this year and hire about 30 people for the business, a person with direct knowledge of...

US plans $162m award to microchip technology to boost production

2024-01-05 00:00:00

WASHINGTON, Jan 04 (Reuters): The US Commerce Department said on Thursday it plans to award Microchip Technology $162 million in government grants to step up US production of semiconductors and microcontroller units (MCUs) key to the consumer and defence industries.The...

US chip stocks tumble after strongest year since 2009

2024-01-05 00:00:00

US chip stocks added to a string of losses on Wednesday, with Wall Street's main semiconductor benchmark tumbling from record highs following its strongest year since 2009, when the sector bounced back after the financial crisis, reports Reuters.Drops of over...

Dealmakers bank on stable rates to revive Asian dollar bond issuance in 2024

2024-01-05 00:00:00

SYDNEY, Jan 4 (Reuters): Asia's dealmakers are hoping for a 10 per cent increase in dollar bond issuance in 2024 as interest rates stabilise and companies beef up borrowing to fund capital spending plans, following the weakest year for debt...

Walton Plaza launches new website

2024-01-05 00:00:00

Walton Plaza, the country's largest electronics goods sales and service-providing enterprise, has launched a new website with an updated look and improved functionality as a part of its effort of becoming the number one online sales network of electronics products...

RUPALI BANK CHAIRMAN AND MD GREETED

2024-01-05 00:00:00

Officers of the 98th batch of Rupali Bank PLC greeted the bank's Chairman Kazi Sanaul Haque and Managing Director and Chief Executive Officer (CEO) Md Jahangir at the head office of the bank in Dhaka city recently for the record...

Distribution of blankets by Janata Bank in Rangpur

2024-01-05 00:00:00

Janata Bank PLC has distributed blankets among cold-stricken and underprivileged people in Rangpur recently. KM Shamsul Alam, director of the bank's board of directors, inaugurated the distribution programme virtually. Rangpur Divisional Office GM Md Anisur Rahman Akand and other bank...

BRAC Bank signed payment gateway service agreement with Mongla Port Authority

2024-01-05 00:00:00

BRAC Bank has signed a payment gateway service agreement with Mongla Port Authority at the port office in Bagerhat's Mongla recently. Rear Admiral Mir Ershad Ali, chairman of the Mongla Port Authority, and Taher Hasan Al Mamun, senior zonal head...

Exim Bank launched new investment product titled 'Exim Scholars'

2024-01-05 00:00:00

Exim Bank launched a new investment product titled 'Exim Scholars' to provide financial support to students and professionals for higher study abroad. Exim Bank Managing Director and CEO Mohammad Feroz Hossain launched the product as the chief guest at a...

MTB and Green Delta Insurance inked bancassurance agreement

2024-01-05 00:00:00

Mutual Trust Bank (MTB) and Green Delta Insurance Company inked a bancassurance agreement on Wednesday at Green Delta's head office. Syed Mahbubur Rahman, managing director and CEO of MTB, and Farzanah Chowdhury, managing director and CEO of Green Delta Insurance...

Regulator ask stakeholders to support market after removal of floor price

FE REPORT | 2024-01-05 00:00:00

The securities regulator has sought all-out support from stock brokers and merchant banks to set a comprehensive plan for making the capital market vibrant again after the withdrawal of the floor price.At a meeting held at the office of the...

Bangladesh's index return lowest in Asia for not taking right policy at right time

BABUL BARMAN | 2024-01-05 00:00:00

The key index of Bangladesh's stock market secured a 0.64 per cent gain in 2023, the lowest among its peers, for policies not in sync with reform measures taken globally to overcome impacts of the Russia-Ukraine war. The failure to...

Ocean cargo rates climb after new Red Sea ship attacks

2024-01-05 00:00:00

LOS ANGELES, Jan 04 (Reuters): Ocean freight rates are surging after a missile attack and attempted hijacking of a Maersk ship this weekend prompted carriers to suspend plans to restart transits through the Red Sea, a key artery to the...

Euro zone business activity shrank again in Dec, pointing to recession

2024-01-05 00:00:00

BENGALURU, Jan 04 (Reuters): The contraction in euro zone business activity continued at the end of 2023 due to a persistent downturn in the dominant services industry, a survey showed on Thursday, indicating the bloc's economy was in recession.HCOB's Composite...

Japan Airlines counts losses from wrecked Tokyo plane

2024-01-05 00:00:00

TOKYO, Jan 04 (Reuters): Japan Airlines (JAL) on Thursday said it expected losses of more than $100 million after one of its planes was destroyed when it collided with another aircraft on the runway at Tokyo's Haneda airport this week.All...

German emissions at 70-year low as coal use drops

2024-01-05 00:00:00

BERLIN, Jan 04 (AFP): German emissions were at their lowest point in around 70 years, as Europe's largest economy managed to reduce its dependence on coal faster than expected, a study published Thursday showed.Europe's biggest economy emitted 673 million tonnes...

Carrefour will not sell PepsiCo goods due to price hikes

2024-01-05 00:00:00

PARIS, Jan 04 (Reuters): Carrefour is telling customers it will no longer sell PepsiCo products like Pepsi, Lay's crisps and 7up because they had become too costly, in the latest tug-of-war over prices between retailers and global food giants.From Thursday,...

EBL, Pickaboo sign payroll banking agreement

2024-01-05 00:00:00

Syed Zulkar Nayen, Head of Business, Eastern Bank PLC. (EBL), and Morin Hossain Talukder, Co-founder and CEO, Pickaboo, one of the leading e-commerce platforms, signed a payroll banking agreement at the bank's head office in Dhaka recently. Under the agreement,...