Indian shares pared some of their intraday losses on Wednesday on reports of likely government measures to stem the rupee's slide, attract foreign bond investors, and review the long-term capital gains tax, reports Reuters.However, a pullback in IT stocks after...
Private equity-backed government contractor Applied Aerospace & Defense said on Tuesday it had raised $650 million in its US initial public offering after pricing shares at $20 each, reports Reuters.The Huntsville, Alabama-based company sold 32.5 million shares within its indicated...
An Instagram hack that saw attackers talk Meta's AI support chatbot into handing over access to high-profile accounts has exposed a critical flaw at the heart of the company's push to automate sensitive user functions, reports Reuters.The breach allowed hackers...
Alliance Finance PLC, a joint venture finance company between Sri Lanka and Bangladesh, has signed an agreement with Bangladesh Bank (BB) recently under the Tk 30 billion Cluster Financing Scheme to support CMSME entrepreneurs in Bangladesh. Under the scheme, eligible...
Jamuna Bank marked the completion of 25 years of its journey through a hybrid arrangement, which included doa mahfil held at the head office as well as at all branches and sub-branches across the country. Al-Haj Nur Mohammed, chairman of...
To observe World Menstrual Hygiene Day 2026, MTB Foundation, in partnership with Abinta Kabir Foundation School, celebrated this year's theme 'Together for a #PeriodFriendlyWorld' by distributing 'nutrition packs' to the underprivileged female students of the school. The nutrition packs were...
The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh has been recognised as the Best Service Provider in trade finance in Bangladesh at The Asset Triple A Treasurise Awards 2026, one of Asia's most prestigious awards programmes for treasury, trade,...
FE REPORT | 2026-06-04 00:00:00
The Dhaka Stock Exchange (DSE) witnessed its highest turnover in nine months on Wednesday, with transactions reaching Tk 12.79 billion, as the market remained buoyant for the eighth consecutive session on the back of supportive measures promised by the government.The...
FE REPORT | 2026-06-04 00:00:00
A fresh increase in electricity prices is expected to put significant pressure on major sectors listed on the stock market, raising concerns over corporate profitability, inflation and overall economic growth.The government on Wednesday raised the weighted average retail electricity tariff...
Most major stock markets across the Gulf dropped in early trade on Wednesday as fresh hostilities erupted after US-Iran peace talks stalled, reports Reuters.Hostilities in the Gulf escalated again on Wednesday, as the US military reported that Iranian missile attacks...
PARIS, France, June 3 (AFP): The war in the Middle East has dented economic growth prospects worldwide, with a more severe shock likely if no effective ceasefire is agreed before 2027, the OECD warned Wednesday.Global economic growth is now forecast...
A subsidiary loan and grant agreement was signed on Wednesday for the implementation of the "Growth for Climate Resilient and Environmental Entrepreneurship and Nutrition (GREEN)" project to promote climate-resilient agriculture, environment-friendly entrepreneurship and improved nutrition in the country, reports UNB.The...
As part of its Corporate Social Responsibility (CSR) initiatives, Al-Arafah Islami Bank has launched a nationwide financial assistance programme for fishermen affected by the annual fishing ban. Under the programme, financial support amounting to Tk 7.9 million will be distributed...
NCC Bank has recently signed two participation agreements with Bangladesh Bank (BB) to strengthen financing support for Cottage, Micro, Small and Medium Enterprises (CMSMEs) under BB's Tk 30.00 billion Cluster Finance Refinance Scheme and Tk 15.00 Billion Financial Sector Fund...
BRAC Bank has achieved strong growth in inward remittances over the past five consecutive years and now aims to become Bangladesh's largest remittance bank by 2028.As remittance customers increasingly prioritise speed, security, and accessibility, BRAC Bank has continued strengthening its...
A review meeting aimed at accelerating the participation of officials and employees of scheduled banks in the "Progoti Scheme" under the Universal Pension Scheme was held at the Multipurpose Hall of the Finance Division at Bangladesh Secretariat on Wednesday.The meeting...
Finance and Planning Minister Amir Khosru Mahmud Chowdhury on Wednesday said that the incumbent government would place the national budget for FY27 in Jatiya Sangsad on June 11 considering each and every citizen of Bangladesh."In Sha Allah, this budget will...
US Ambassador in Dhaka Brent T. Christensen holds talks with Finance Minister Amir Khosru Mahmud Chowdhury at his ministry on Wednesday. — PID
OSLO, June 03 (AFP): The daughter of Norway's Crown Princess Mette-Marit has cut short her studies in Australia and returned to Oslo on Wednesday to be at the bedside of her seriously ill mother.Mette-Marit, 52, was diagnosed in 2018 with...
MOGADISHU, June 03 (Xinhua): Somali security forces, backed by international partners, have killed 29 al-Shabaab militants including a senior commander during a joint operation in the Middle Shabelle and Hiran regions of central Somalia, officials said.The National Intelligence and Security...
SEOUL, June 03 (Reuters): South Korea and the US held inaugural talks this week to discuss nuclear cooperation under a joint fact sheet on security agreed by US President Donald Trump and South Korean leader Lee Jae Myung last year,...
Ukraine has carried out a strike on the outskirts of Russia's St Petersburg, hours before the opening of a major economic forum designed to attract foreign investment into the country, reports BBC.As dawn broke black plumes of smoke rose over...
NEW DELHI, June 03 (Reuters): At least 21 people, including 18 foreign nationals, were killed in a fire at a hotel in Delhi on Wednesday, police and broadcaster CNN-News18 said, in one of the worst such incidents in the national...
The High Court has dismissed a writ petition challenging the schedule and voter list for the Bangladesh Cricket Board (BCB) directors' election, clearing the way for the polls to proceed, reports bdnews24.comA bench of Justice Bhishmadev Chakrabortty and Justice Md...
The Bangladesh Cricket Board (BCB) on Wednesday announced the squad for the 1st and 2nd ODIs of this month's series against Australia in Dhaka, with all-rounder Mosaddek Hossain Saikat, and wicketkeeper batter Nurul Hasan Sohan making a comeback.The three-match series...
CAIRO, June 2 (Reuters): When Egypt's all-time leading scorer Hossam Hassan headed the winner against Algeria to send his country to the 1990 World Cup, frenzied celebrations erupted across the soccer-mad nation.Nearly four decades later, the 59-year-old has guided Egypt...
After tasting two consecutive defeats, Bangladesh Women's team finally returned to winning way with a comprehensive 34-run victory over hosts Scotland in a Tri-nation T20 tournament at Edinburg on Wednesday, reports BSS.The Tigresses lost to Scotland and Netherlands in their...
Bangladesh marched into their third consecutive SAFF Women's Championship final after a thrilling 2-1 victory over Nepal in the tournament's first semifinal at the Jawaharlal Nehru Stadium in Margao, Goa, on Wednesday, reports UNB.Super-sub Sagorika struck the decisive blow in...
MUMBAI, June 3 (Reuters): India has tightened restrictions on silver imports by adding grain and powder forms to the list of restricted categories and mandating prior valid import authorisation, as the world's biggest consumer of the metal tries to rein...
LONDON, June 3 (Reuters): Many airlines have been hit hard by price swings in the jet fuel market, and some are not in a position to hedge their exposure, the International Air Transport Association's head of fuel said on Wednesday.Some...
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