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Renata buoyant on DSE after disclosure of drug export to US

FE REPORT | 2024-04-09 00:00:00

Renata rose by Tk 10.8 per share on the Dhaka Stock Exchange (DSE) on Monday after the disclosure of its first direct export of medicines to the US market.One of the leading drug makers, it had lost nearly 39 per...

DSEX gains further as investors bet on beaten-down stocks

FE REPORT | 2024-04-09 00:00:00

Stocks posted a significant gain on Monday, showing a sign of recovery, as investors put fresh bets on lucrative shares in anticipation of a potential turnaround.Buyers dominated the trading floor throughout the session following the news that Prof Shibli Rubayat...

ICMAB webinar on Industrial Import Regulation

2024-04-09 00:00:00

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) organised a webinar on 'Industrial Import Regulation in Bangladesh' on April 04, says a press release. It was the last episode of the webinar series on 'Domestic & International Trade'....

National Housing Finance launches Sharia-based Islamic wing

2024-04-09 00:00:00

National Housing Finance, a company with over 25 years of experience in the housing finance sector, expanded its operations on Monday with the launch of a Sharia-based Islamic wing. The inaugural programme was attended by Mahbubur Rahman, chairman of the...

2024 IPO outlook bullish as bank borrowing cost remains elevated

BABUL BARMAN | 2024-04-09 00:00:00

Four companies have already raised funds worth Tk 5.50 billion through initial public offerings (IPOs) in the first three months through March, a sign that public listing regains allure as means for fund collection. Last year, only five firms and...

Industrial output rises for 2nd straight month in Germany

2024-04-09 00:00:00

FRANKFURT, Apr 08 (AFP): German industrial production rose strongly in February for the second straight month, official data showed Monday, offering hope for the beleaguered manufacturing sector in Europe's biggest economy.Output climbed 2.1 per cent month-on-month, federal statistics agency Destatis...

Saudi industrial sector sees 63pc surge in new investments

2024-04-09 00:00:00

RIYADH, Apr 08 (Arab News): Saudi Arabia's industrial sector experienced a 63 per cent increase in new investments in 2023, amounting to a SR15 billion ($3.99 billion) rise compared to the previous year. According to the annual report from the...

Egypt's inflation slows to 33.1pc in March

2024-04-09 00:00:00

RIYADH, Apr 08 (Arab News): A drop in the price of cereals, bread, and vegetables saw Egypt's urban consumer price inflation rate slow to 33.1 per cent in March from 36 per cent in February. Data released from the country's...

Tata Motors says JLR sales up 11pc in Q4

2024-04-09 00:00:00

BENGALURU, Apr 08 (Reuters): Indian automaker Tata Motors said on Monday its Jaguar Land Rover's fourth-quarter sales rose 11 per cent from a year earlier to 114,038 units, driven by increased production and sustained global demand.Full-year sales for the financial...

ECB tipped to pause one last time before June rate cut

2024-04-09 00:00:00

FRANKFURT, Apr 08 (AFP): Buoyed by falling inflation, the European Central Bank (ECB) is expected to keep borrowing costs on hold one last time Thursday while laying the ground for a first interest rate cut in June.The Frankfurt-based institution has...

Central bank demand propels safe-haven gold to record peak

2024-04-09 00:00:00

Gold prices hit a record high for a seventh straight session on Monday, fuelled by central bank purchases and geopolitical tensions, while strong economic data failed to dull bullion's allure, reports Reuters.Spot gold was steady at $2,330.83 per ounce, as...

India's fuel demand hits new record

2024-04-09 00:00:00

India's fuel consumption fell 0.6per cent year-on-year in March, but demand for the 2024 financial year was up about 5per cent, primarily driven by higher automotive fuel and naphtha sales, reports Reuters.Total consumption, a proxy for oil demand, totalled 21.09...

Jewellery shop worker's team wins land plot

2024-04-09 00:00:00

Debashish Bhowmik, a jewellery shop worker in Narail, and his team have secured the second plot of land in the country's largest Eid campaign 'Nagad e Jomi' launched by Nagad. Pintu Bhowmik and Shoma Mohammad were the two other members...

New book on Bangladesh's political economy

FE DESK | 2024-04-09 00:00:00

A new book titled 'Politiconomy of Bangladesh: Essays and Analysis' has just published. Written by Professor Abduallah A Dewan, the book is a collection of the author's various articles and essays previously published in three English newspapers of the country....

Premier Bank signs Bancassurance agreements with two insurers

2024-04-09 00:00:00

The Premier Bank PLC has signed Bancassurance agreements with two leading insurance companies in Bangladesh -- Life Insurance Corporation of Bangladesh (LIC) and Pragati Insurance Company Limited. Through these partnerships, The Premier Bank's extensive network of branches will now offer...

Salami thru bKash to add vibrancy in Eid

2024-04-09 00:00:00

The sighting of the new moon brings the message of Eid and happiness. New dress, prayer, delicious food, presence of loved ones, and last but not the least exchanging salami fulfil the joy of Eid. Thanks to the advancement of...

Alponay Boishakh back to welcome Bangla New Year

2024-04-09 00:00:00

Country's largest Alpona festival, titled 'Alponay Boishakh 1431,' is all set to bring the essence of Bengali culture to life with vibrant strokes of colour and artistry. Asiatic Experiential Marketing Limited, Banglalink Digital Communications Limited, and Berger Paints Bangladesh Limited...

US 'will not accept' low-cost Chinese goods: Yellen

2024-04-09 00:00:00

BEIJING, Apr 08 (AFP): The United States "will not accept" a situation where underpriced Chinese goods flood the global market, battering industries elsewhere, US Treasury Secretary Janet Yellen said Monday as she wrapped up high-level talks in China.Yellen has repeatedly...

Copper prices hit 14-month high

2024-04-09 00:00:00

LONDON, Apr 8 (Reuters): Copper prices in London hit their highest in more than 14 months on Monday, helped by demand from momentum-following funds, strong German industrial data and a rally in other commodities.Three-month copper on the London Metal Exchange...

Oil steadies after dip on ME ceasefire talks

2024-04-09 00:00:00

LONDON, Apr 8 (Reuters): Global oil benchmark Brent steadied above $91 a barrel on Monday, reducing early losses prompted by Israel withdrawing more soldiers from Gaza and committing to fresh talks on a potential ceasefire in the Middle East conflict.Brent...

Everton face relegation from after being docked two more points

2024-04-09 00:00:00

LONDON, Apr 08 (AFP): Everton have been given an additional two-point deduction for a breach of the Premier League's profitability and sustainability rules (PSR), it was announced Monday.The decision followed a previous six-point PSR penalty imposed on Everton and left...

Pakistan selectors Yousuf, Razzaq likely to coach team in T20Is against NZ

2024-04-09 00:00:00

LAHORE, Apr 08 (PTI): The Pakistan Cricket Board has decided to appoint Muhammad Yousuf and Abdul Razzaq as interim head coach and assistant coach, respectively, for the home T20I series against New Zealand later this month. The decision comes as...

Auger-Aliassime wins Monte Carlo opener, books Alcaraz clash

2024-04-09 00:00:00

MONTE CARLO, Principality of Monaco, Apr 08 (AFP): Felix Auger-Aliassime's reward for a straight-sets opening round win over Luca Nardi at the Monte Carlo Masters on Monday is a showdown with Spanish star Carlos Alcaraz.Auger-Aliassime dismissed Nardi 6-2, 6-3 in...

Bangladesh Police taste first win crushing Ajax

2024-04-09 00:00:00

Bangladesh Police SC tasted the first win in their 3rd super league match of the Green Delta Insurance Premier Division Hockey crushing Ajax Sporting Club by 9-1 goals at the Maulana Bhashani National Hockey Stadium in the city on Monday,...

Investigation on after newborn's body recovered from Magura pond

2024-04-09 00:00:00

MAGURA, Apr 08 (UNB): The body of a newborn was recovered from a pond in Sreepur upazila of Magura early this morning, eliciting shock and sorrow from the local community.Officer-in-Charge Rezaul Sheikh Tasmin Alam of the Sreepur Police Station has...

Chilli prices hit record low in Khulna, Magura, Sylhet, Lalmonirhat

OUR CORRESPONDENTS | 2024-04-09 00:00:00

Green chilli prices have hit a record low this year in Khulna, Magura, Sylhet and Lalmohihat districts compared to the last five years.Our Correspondent from Khulna reports: After a recent visit, it was found that green chilli was being sold...

Rajshahi Silk Para bustling with Eid shoppers

OUR CORRESPONDENT | 2024-04-09 00:00:00

RAJSHAHI, Apr 08: Like every Eid, Silk Para in Rajshahi is drawing an overwhelming crowd of shoppers as the festival is at hand.The factories and showrooms in Silk Para are now passing an unusually busy time. Targeting the Eid sale...

News in Brief-(2024-04-09)

2024-04-09 00:00:00

Climate-warming gases 'beingsmuggled into Europe'PARIS, Apr 08: Large amounts of climate-warming refrigerant gases from China and Turkey are being smuggled illegally into Europe, undermining a global pact to phase them out, a report by the London-based Environmental Investigation Agency (EIA)...

No progress in Cairo ceasefire talks: Hamas

2024-04-09 00:00:00

CAIRO, Apr 08 (Reuters): A Hamas official told Reuters on Monday that no progress was made at a new round of Gaza ceasefire talks in Cairo also attended by delegations from Israel, Qatar and the United States."There is no change...

Myanmar's army massacred Rohingyas, now it wants their help for survival

2024-04-09 00:00:00

Seven years after massacring thousands of Rohingya, Myanmar's military has conscripted at least 100 men from Rakhine State to fight against the Arakan Army insurgent group, the BBC reports.As the beleaguered junta faces what is possibly the biggest insurgency the...