LONDON, Sept 14 (Reuters): Talks between Sri Lanka and its international bondholders will seek common ground on how much of a hit should be incurred by domestic banks and holders of debt of the country's state-owned enterprises (SOEs), two sources...
SHANGHAI/BEIJING Sept 14 (Reuters): Beijing on Thursday blasted the launch of a probe by the European Commission into China's electric vehicle (EV) subsidies as protectionist and warned it would damage economic and trade relations, as shares in Chinese EV makers...
Foreign investors sold Asian bonds in August due to a spike in US yields, but analysts see potential inflows to the region as the US Federal Reserve may be nearing the end of its monetary tightening, making yields in Asia...
SHANGHAI, Sept 14 (Reuters): China's central bank has asked some of the country's biggest lenders to refrain from immediately squaring their foreign exchange positions in the market, and to run open positions for a while in order to alleviate downside...
NEW YORK, Sept 14 (Reuters): Some large US bond investors said on Wednesday they believe the Federal Reserve has reached a peak in its interest rate hiking campaign, despite inflation heating up in August on the back of surging energy...
RIYADH, Sept 14 (Arab News): In an effort to boost trade and investment ties with France, the Dubai International Chamber has inaugurated a new representative office in Paris. The launch comes shortly after opening the chamber's new office in Italy,...
BEIJING, Sept 14 (AFP): China's central bank said Thursday it would cut a benchmark ratio for the amount of cash banks must hold in reserve to "consolidate the foundation" of the country's sputtering economic recovery.The world's second-largest economy has struggled...
The Commonwealth Trade and Investment Forum wrapped up in Dhaka with the promise of enhancing cross-border investment to flourish respective economies, reports UNB.There were nine sessions on investment, banking, technology, Cameroon's economy, pharmaceuticals and public health, SMEs, green finance, tourism...
As a part of Corporate Social Responsibility (CSR), Union Bank Limited has distributed household goods and relief items among the helpless, poor and homeless people of Chattogram. Chairman of Badarkhali Union Parishad under Chakaria Upazila Nur-E-Hossain Arif distributed the items...
The 41st meeting of the audit committee of the board of directors of Modhumoti Bank Limited was held virtually on Thursday. The meeting was presided over by Shaikh Salahuddin, MP, chairman of the audit committee and vice-chairman of the board...
AB Bank Limited inked a memorandum of understanding with Air Astra under which AB Bank cardholders will enjoy a 10 per cent discount on base airfares on domestic routes. Syed Mizanur Rahman, deputy managing director, AB Bank, and Mohammad Mozammel...
The formal inauguration of EBL- Daraz co-brand Visa card was held at Eastern Bank's head office in the city on Wednesday. Ali Reza Iftekhar, managing director and CEO of Eastern Bank; Syed Mostahidal Hoq, managing director of Daraz Bangladesh, Soumya...
FE REPORT | 2023-09-15 00:00:00
The securities regulator has asked the Dhaka bourse to look into share transactions of Legacy Footwear that has experienced abnormal price hike since March.The Bangladesh Securities and Exchange Commission (BSEC) on Monday sent a letter to the Dhaka Stock Exchange,...
BAT Bangladesh has donated over Tk 184.1 million to the Workers Welfare Foundation Fund operating under the Ministry of Labour and Employment, says a press release.The leading corporate organisation has been contributing regularly to this fund since its introduction as...
Chairman of the Minister-MyOne Group MA Razzak Khan Raj exchanges greetings with Prime Minister Sheikh Hasina at the Commonwealth Trade and Investment Forum-2023 at Bangabandhu International Conference Centre in the city on Wednesday. The Prime Minister inaugurated the two-day event.
An agreement has been signed between Dhaka Mass Transit Company Limited (DMTCL) and advertising agency Mediacom Limited for exclusive branding services for advertising campaigns within metro rail. The agreement was signed at the conference room of DMTCL on Thursday, says...
FE REPORT | 2023-09-15 00:00:00
The initial public offering (IPO) subscription of Capitec Grameen Bank Growth Fund will open on September 24, aiming to raise Tk 1 billion.The subscription of the mutual fund through the electronic subscription system will continue until October 1, according to...
FE REPORT | 2023-09-15 00:00:00
The Dhaka bourse inked an agreement with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Thursday to provide financing solutions to 202 green ready-made garment factories. It has made the move in its long-standing effort to bring more fundamentally...
BABUL BARMAN and FARHAN FARDAUS | 2023-09-15 00:00:00
Four years after investors lost assets to fund embezzlement by Shah Mohammad Sagir & Company, the Dhaka bourse took a move to settle claims. Now, the clients of the brokerage firm, who fell victim to its fraudulent activities, may hope...
NEW YORK, Sept 14 (Reuters): Citigroup will strip out a layer of management and cut jobs in a sweeping reorganisation that will give CEO Jane Fraser more direct control as she seeks to simplify the Wall Street giant.The heads of...
FRANKFURT, Sept 14 (AFP): Germany has blocked a complete Chinese takeover of a satellite startup on national security grounds, sources close to the matter told AFP Thursday, as Berlin takes an increasingly hard line against Beijing.Concerned at the heavy reliance...
RIYADH, Sept 14 (Arab News): The Cityscape Global Exhibition, held at the Riyadh International Exhibition and Convention Centre this week, saw deals signed worth over SR110 billion ($29 billion), the Saudi Press Agency reported on Thursday.Organized by Tahaluf, a company...
LONDON, Sept 14 (Reuters): The European Commission said on Wednesday that financial institutions are not backing the EU's new deforestation law, which has faced a backlash from producing countries concerned it will create unfair trade barriers.The landmark law requires importers...
SINGAPORE/JAKARTA, Sept 14 (Reuters): Environmental groups have submitted a formal complaint to the World Bank for providing financial support for two coal-fired power plants in Indonesia, violating a pledge to stop backing fossil fuels.The World Bank's private sector subsidiary, the...
BEIJING, Sept 14 (Reuters): US and European firms are shifting investment away from China to other developing markets, a report from Rhodium Group showed, with India receiving the vast majority of this redirected foreign capital, followed by Mexico, Vietnam and...
Commerce Minister Tipu Munshi on Thursday said that 10 million family cards of The Trading Corporation of Bangladesh (TCB) will be converted into smart cards and distributed by January/February next year, reports UNB.The minister also expressed the hope that the...
BRAC Bank in collaboration with the SME Foundation has recently organised a workshop to foster product innovation and enhance the market potential of traditional handloom products crafted by the vibrant women entrepreneurs of the Chattogram Hill Tracts. Guided by the...
Community Bank Bangladesh has won INFOSYS-Finacle Innovation Award 2023 in three categories -- two Platinum awards in 'ESG-Led Innovation' and 'Process Innovation' categories and a gold award in 'Product Innovation' category. Aditya Singaraju, Country Director, Infosys-Finacle Bangladesh, and Reghunathan Sukumara...
As part of its Corporate Social Responsibility (CSR) programme, Shahjalal Islami Bank Limited provided financial assistance for the kidney transplant of Youth Games Gold Medalist Abdus Sobhan at the Bank's Corporate Head Office on Thursday. Joint Secretary of Bangladesh Shooting...
FE REPORT | 2023-09-15 00:00:00
Togo is offering lucrative investment scope for the Bangladeshi textile industry, said a senior minister of the West African nation in Dhaka on Thursday."Our private textile sector is dynamic and open to collaboration to strengthen partnership and stimulate economic exchanges...
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