NEW YORK, Sept 13 (Reuters): After big gains for the US stock market this year, equity valuations could come under pressure from high interest rates, based on historical relationships, JPMorgan strategists said on Tuesday.The S&P 500 is up 16 per...
LONDON, Sept 13 (AFP): Stock markets mostly fell Wednesday before crunch US inflation data, with investors concerned that a spike in oil will drive consumer prices higher and force the Federal Reserve to lift interest rates again.All eyes were on...
MUMBAI, Sept 13 (Reuters): The Indian central bank's move to remove the cap on how much a bank can invest in bonds they intend to hold to maturity will boost lenders' appetite for government securities and benefit their bottom lines,...
BEIJING, Sept 13 (Reuters): Apple's iPhone 15 drew mixed reactions in its third largest market of China on Wednesday, with many online users liking its faster chip and improved gaming capabilities while others preferred Huawei's new smartphone.China remains key for...
Sonali Bank PLC organised an online training workshop on the use of audit management & monitoring system software for conducting of commercial audit (crash programme) at the bank's head office conference room on Wednesday. The bank's Managing Director and CEO...
Abdulla Ali Abdulla Khaseif Al Hmoudi, ambassador of the United Arab Emirates (UAE) in Bangladesh, visited Walton Headquarters in Chandra of Gazipur recently. Walton Digi-Tech Industries Limited Chairman SM Rezaul Alam handed over a crest to the UAE Ambassador on...
The logo of Bashundhara Toiletries Limited was officially unveiled at the Bashundhara Industrial Headquarters in the city on Wednesday. Md Mustafizur Rahman, deputy managing director of Bashundhara Group, was present at the unveiling ceremony.
Members of the board of directors of Karnaphuli Gas Distribution Company Limited (KGDCL) greet Energy and Mineral Resources Division Secretary and Chairman of KGDCL Md Nurul Alam with a bouquet at a function recently.
Bakhrabad Gas Distribution Company Limited (BGDCL) along with Petrobangla secured the first position jointly in implementing the Annual Performance Agreement (APA) for financial year 2022-23 among all the subsidiaries of Petrobangla. Petrobangla Chairman Zanendra Nath Sarker handed over a crest...
A memorandum of understanding (MoU) was signed between Social Islami Bank Limited (SIBL) and Grace Cox Smart Hotel, Cox's Bazar at the bank's head office on Wednesday. Zafar Alam, managing director and CEO of SIBL, was present as the chief...
Southeast Bank Limited has signed an agreement with Dream Square Resort recently. Nuruddin Md Sadeque Hossain, managing director of Southeast Bank, and Shamim Chowdhury, general manager of Dream Square Resort, exchanged the documents. Under this agreement, Southeast Bank debit, credit...
FE REPORT | 2023-09-14 00:00:00
The stock market regulator has decided to examine financial statements of Progressive Life Insurance of the last 10 years after an inquiry found huge irregularities in the company. A three-member committee deployed in June this year looked into financial details...
Mutual Trust Bank Ltd (MTB) has recently launched MTB Home Loan Carnival 2023 with the theme 'unlock your dream home', said a statement. Ali Reza Mazid, member (Investment Promotion), Bangladesh Export Processing Zones Authority (BEPZA), announced the inauguration of the...
FE REPORT | 2023-09-14 00:00:00
Non-bank financial institution Union Capital's liabilities have exceeded the total worth of its assets, with losses accumulating for the four years to 2022. It suffered a consolidated loss of Tk 2.06 billion in 2022 while the aggregate loss in the...
GENEVA, Sept 13 (AFP): A third of the world's population is still without access to the internet, even though the number of people connected has never been so high, according to the latest UN statistics published on Tuesday.Around 100 million...
LONDON, Sept 13 (Reuters): H&M plans to sell second-hand clothes and accessories at its flagship store in London from October 5, as pressure increases on fast fashion companies to curb their environmental impact by encouraging the reuse and recycling of...
A five-day 'Basic course for cash officers' (32nd batch) of National Bank Limited concluded at the training institute of the bank recently. Some 58 newly appointed cash officers participated in this course. Head of Human Resource Department & SEVP Sheikh...
ONE Bank Limited signed an agreement with Chhuti Resort (Gazipur and Purbachal) recently. Mostofa Mahmud Arifee, Chairman of Chhuti Resort, and Md. Kamruzzaman, Head of Retail Banking of ONE Bank, signed the agreement on behalf of their respective organisations. Under...
Shimanto Bank signed an MoU with Medix, a concern of United Healthcare Services Limited, at the bank's head office recently. Under this MoU, all debit and credit cardholders of Shimanto Bank will enjoy special facilities while they avail services from...
Prime Bank has recently signed an agreement with Prime Bank Securities Limited (PBSL) to facilitate the latter with the automated transaction banking solutions through its sophisticated omni digital platform PrimePay, which offers a cost-effective and time-efficient transactional service with a...
FE REPORT | 2023-09-14 00:00:00
The state-run Trading Corporation of Bangladesh (TCB) is set to begin its sale of some selected essential commodities at subsidised prices for low-income households in the capital today (Thursday) for the month of September.Commerce Minister Tipu Munshi will formally inaugurate...
FE REPORT | 2023-09-14 00:00:00
Bangladesh's current average nominal tariffs, which are as high as 27 per cent, are higher than average tariffs of the low-income countries (LICs), middle-income countries (MICs) and high-income countries (HICs), said eminent economist Dr. Zaidi Sattar. The Policy Research Institute...
FE REPORT | 2023-09-14 00:00:00
The government has approved import of 0.3 million tonnes of wheat from Russia under government-to-government arrangement at a total cost of Tk 10.32 billion or Tk 33.43 per kilogram.The Directorate of Food will import the cereal as approved by the...
Gold steadied on Wednesday after retreating immediately following data showing an acceleration in US consumer prices, on expectations that the inflation readings may not prompt a big change in the Federal Reserve's interest rate strategy, reports Reuters.Spot gold was steady...
China's installed solar capacity will double to 1,000 gigawatts (GW) by the end of 2026 as the world's second-largest economy continues to ramp up investment in renewables, energy research firm Rystad Energy wrote in a note published on Monday, reports...
The Panama Canal said on Tuesday it could further reduce the maximum amount of vessel transits authorised per day if a drought that has hit the waterway this year continues, reports Reuters.The canal began restricting vessel draft and authorized daily...
LONDON, Sept 13 (Reuters): Oil output cuts which Saudi Arabia and Russia have extended to the end of 2023 will mean a substantial market deficit through the fourth quarter, the International Energy Agency (IEA) said on Wednesday, as it largely...
NAOGAON, Sept 13 (BSS): Two motorcyclists were killed and two others injured in a road accident on the Naogaon-Rajshahi regional highway in Bijoypur Bazar under Manda upazila of the district on Wednesday.The dead are Rabiul Islam (18), son of Ferdous...
NATORE, Sept 13 (UNB): A 60-year-old man, who went to see a football match at Punduri Dakhil Madrasa ground in Singra upazila of Natore district, died after being hit by a football on Tuesday afternoon.The dead is Shukur Ali of...
KHULNA, Sept 13 (UNB): Police arrested a fugitive convict from Bariardanga village in Phultala upazila of Khulna district on Wednesday.The arrestee is Zahid Hasan (50), son of Kawsar Molla of Pariardanga village in Khanjahan Ali area.Tipped off, a team of...
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