HONG KONG, July 9 (AFP): Asian markets rose Tuesday following gains in US stocks and ahead of Fed chief Jerome Powell's testimony to Congress which will be closely watched for any hints on the timing of rate cuts.The US central...
SINGAPORE, July 9 (Reuters): Sri Lanka will wrap up talks with international bondholders on restructuring $12.5 billion in debt within a few weeks, Foreign Minister Ali Sabry said on Tuesday, a major step for the island nation to emerge from...
LONDON, July 9 (Reuters): Board directors of banks must take ultimate responsibility for outsourced services and document how they manage the risk of outages and disruptions to customer services, the global Basel Committee of banking regulators proposed on Tuesday.Banks increasingly...
NEW YORK, July 9 (Reuters): Some of the largest US banks will probably report weaker profits for the second quarter as they earn less from interest payments and set aside more money to cover deteriorating loans, analysts said.As banks kick...
NEW YORK, July 9 (Reuters): The possibility of former President Donald Trump winning back the White House in November has investors preparing for various scenarios, with "America's backyard" high on the list of markets to look out for.The Trump administration...
Bangladesh Commerce Bank Training Institute recently organised a One-week training course on "Foundation Course for the Entry Level Officers" Md Tajul Islam, Managing Director & CEO of the bank, was present as the chief guest and Deputy Managing Director Dr...
VIP Industries Ltd. is insured by Bangladesh General Insurance Company (BGIC) PLC. A devastating fire broke out at VIP-1 Bag Factory located in Mangla EPZ, Khulna, on January 31, 2023. Subsequently, VIP Industries, the insured party, applied to BGIC for...
NRB Bank Ltd, as a participant in the Bangladesh Bank-Long Term Financing Facility (BB-LTFF), has signed a Participating Agreement with Bangladesh Bank (BB). Liza Fahmida, Director of the Financial Sector Support and Strategic Planning Department of the BB, and Md....
Social Islami Bank has signed a remittance agreement with CBL Money Transfer Sdn. Bhd., Kulala Lampur, Malaysia, at the Head Office of the latter on Tuesday. Zafar Alam, Managing Director & CEO of Social Islami Bank, and Md Saidur Rahaman...
Mutual Trust Bank (MTB) partnered with Bangladesh Bank's Khulna office to host a cluster finance programme, aimed at identifying and strengthening engagement with Cottage, Micro, Small, and Medium Enterprise (CMSME) clusters. MTB's Jashore branch led the initiative, emphasising their commitment...
Mercantile Bank has launched the Bangla QR code-based services to make banking easier, more advanced and technology-driven. Customers of Mercantile Bank can purchase and make payment utilizing `MBL Rainbow' app easier than ever through Bangla QR code. Md. Quamrul Islam...
The Board of Directors of Express Insurance Ltd. in its 313th meeting held on July 01 unanimously elected Mazakat Harun as Chairman and ABM Kaiser as Vice Chairman of the company, says a press release. Mazakat Harun is a Director...
Akash Digital TV, Bangladesh's only DTH Pay TV operator owned by Beximco Communications Limited, announced the launch of a new DTH HD platform together with a pioneering Akash Go Companion App along with My Akash Self Care App. These groundbreaking...
A shock election win for France's leftist alliance has reinforced wariness among investors who had already braced for the risk of political deadlock and a policy paralysis that's unlikely to improve the country's creaking public finances, reports Reuters.The left-wing New...
FE REPORT | 2024-07-10 00:00:00
LankaBangla Asset Management is struggling to get subscribers of the country's first-ever Exchange Traded Fund (ETF) named 'LB Multi Asset Income ETF' amid a lack of interest shown by eligible investors.The private placement subscription period has again been extended by...
FE REPORT | 2024-07-10 00:00:00
Stocks witnessed yet another bullish session on Tuesday, extending the winning streak for the sixth straight session, with turnover surpassing Tk 10 billion after two months.The market recovery was supported by price appreciation of a majority of stocks as investors...
The Hongkong and Shanghai Banking Corporation Limited (HSBC) Bangladesh has been honoured with the prestigious 'Best Sub-Custodian of the Year' recognition for the first time in Bangladesh at The Asset Triple A Sustainable Investing Awards 2024, says a press release.This...
FE REPORT | 2024-07-10 00:00:00
The Sammilito Garments Sramik Federation (SGSF) on Tuesday demanded food rationing facility for ready-made garment workers of the country amid high prices of essential commodities.The rights group also demanded review of the latest minimum wage and its full implementation with...
China's largest railway company CREC is the contractor for the Padma Bridge Rail Link Project (PBRLP). The Bangladesh Railway is implementing the project. The Dhaka-Bhanga portion of the project has already been inaugurated and the remaining part from Bhanga to...
FE REPORT | 2024-07-10 00:00:00
Islami Bank Bangladesh PLC in a statement issued on Tuesday protested a news item published in a section of newspapers on ACC's letter about its investment in certain firms.The Islami Bank said it has been conducting banking activities following the...
Nagad and Huawei Technologies will work together to transform people's digital transaction experience. To this end, the two parties have signed an agreement, which will provide world-class smart transaction experiences to the country's people through Nagad, says a press release.In...
Commercial Bank of Ceylon PLC signed a memorandum of understanding (MoU) with Mana Bay Water Park. Kasun Herath, Deputy Chief Executive Officer & Chief Operating Officer of the bank, and Salim Khan Surattee, Assistant Vice President of Mana Bay Water...
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has sought to strengthen trade and economic ties with China, reports BSS. The FBCCI also called for greater collaboration with its Chinese counterpart such as the China Council for the...
Oil prices slipped on Tuesday after a hurricane that hit a key US oil-producing hub in Texas caused less damage than markets had expected, easing concerns over supply disruption, reports Reuters.Brent futures were down 44 cents, or 0.5 per cent,...
ROISSY-CHARLES DE GAULLE AIRPORT, France, July 09 (AFP): A dispute between aviation workers and management at the French capital's airports threatens to overshadow years of preparations and a 50-million-euro investment for visitors and athletes arriving for the Olympics this month.Unions...
LONDON, July 09 (AFP): England great James Anderson hopes future players will relish the challenge of Test cricket rather than just go "chasing the dollar" as he prepares to bow out of the five-day game against the West Indies.The series...
NEW DELHI, India, July 9 (ANI): While confirming his international retirement, David Warner has left the door open to returning for Australia in next year's ICC Champions Trophy.Warner announced his international retirement in parts over the last year. He retired...
Bangladesh Youth and Junior Handball teams left the capital Tuesday morning for Kolkata enroute to the Indian city of Joypur to compete in the four- nation International Handball Federation (IHF) Men's Trophy' 2024 Zone 11 (Asia) beginning there today (Wednesday),...
NEW YORK, July 09 (AP): Lionel Messi won't be stopped by a leg injury and will play in Argentina's Copa America semifinal against Canada on Wednesday (as per BST).Messi has been dealing with a right leg problem since the group...
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