BEIJING, Sept 11 (Reuters): China's financial regulator on Sunday reduced the risk weighting it attaches to insurance companies' holdings of blue-chip shares and tech stocks, encouraging them to invest more in the country's lagging stock market.The National Administration of Financial...
HONG KONG, Sept 11 (Reuters): Alibaba's stock lost more than 4 per cent in Hong Kong on Monday after ex-group CEO Daniel Zhang quit just two months after concentrating his focus on cloud computing, raising concern over the unit's spin-off...
NEW DELHI, Sept 11 (Reuters): India may reconsider allowing local firms to list on foreign exchanges, Finance Minister Nirmala Sitharaman said on Monday, signalling New Delhi could revive a plan put on hold due to domestic opposition and tax concerns.Under...
BEIJING, Sept 11 (AFP): Chinese e-commerce giant Alibaba has announced the surprise departure of former CEO Daniel Zhang, who had been set Monday to take charge of a key subsidiary as the firm undergoes a major restructuring.Hangzhou-based Alibaba is one...
NEW YORK, Sept 11 (Reuters): Jif peanut butter maker J.M. Smucker is nearing a deal to buy Hostess Brands, the owner of Twinkies snack cakes, for close to $5 billion, sources familiar with the matter said on Sunday.The deal value...
WASHINGTON, Sept 11 (Reuters): Meta Platforms is working on a new artificial-intelligence system intended to be as powerful as the most advanced model offered by OpenAI, the Wall Street Journal reported on Sunday, citing people familiar with the matter.The Facebook...
LONDON, Sept 11 (Reuters): Tesla's Dojo supercomputer could power a near $600 billion jump in the automaker's market value by boosting the adoption of robotaxis and its software services, Morgan Stanley analysts said.The electric-vehicle maker (EV) started production of the...
BEIJING/SHANGHAI, Sept 11 (Reuters): China's central bank is tightening its scrutiny of bulk dollar purchases by domestic firms, three sources with direct knowledge of the matter said on Monday, at a time when the Chinese currency faces mounting depreciation pressure.Companies...
LONDON, Sept 11 (AFP): German car giant BMW on Monday said it would invest more than £600 million ($751 million) in its UK plants making the Mini, with the Oxford site producing only electric vehicles from 2030.British media said the...
Chinese home appliance brand Konka has been honoured with a prestigious award at the Internationale Funkausstellung Berlin (IFA) 2023, the world's largest consumer electronics and home appliances trade show. Konka has emerged victorious in the Home Audio-Visual Experience Gold category,...
Yamaha's biggest showroom in the southern region -- 'Prestige Motors' -- unveiled its new look in Satkhira recently. Customers can avail 'after-sales service' for their motorcycles on the ground floor of the two-storey showroom built over a large area. On...
Community Bank Bangladesh Limited has celebrated its glorious achievement of four years and stepped into the fifth year. To celebrate its 4th anniversary, an event was organised at the Hall of Pride of Police Headquarters on Monday. The event was...
Mercantile Bank organised a conference on the prevention of money laundering and terror financing in Feni recently for agent outlets of the Cumilla-Noakhali region. Md Enayet Ullah, executive vice president and head of the audit unit, discussed legal and regulatory...
Southeast Bank Limited organised a virtual training programme titled 'Communication Skills, Teamwork, Problem Solving, Conflict Management, and Emotional Intelligence'. Nuruddin Md Sadeque Hossain, managing director of the bank, addressed the programme, while Dhaka University Prof Dr Kazi Mostak Gausul Hoq...
BRAC Bank has launched the first female-only scholarship - 'Aporajeyo TARA' - for students of Dhaka University and BRAC University. The inaugural ceremony of 'Aporajeyo TARA' for the students of Dhaka University was held at the Faculty of Business Studies...
DOULOT AKTER MALA | 2023-09-12 00:00:00
Standard Chartered Bank has introduced 20-week paid parental leave for its employees to put forward the philosophy that child rearing is a responsibility for both parents to share. The objective is to help parents of the newborns rear a new...
FE REPORT | 2023-09-12 00:00:00
The High Court has kept Tk 3 million as minimum investment to qualify for trading on the SME platform of the stock exchanges.Now, an investor, who has been maintaining a portfolio of at least Tk 3 million in listed securities...
FARHAN FARDAUS and BABUL BARMAN | 2023-09-12 00:00:00
Beximco Pharmaceuticals faces a ban on export of eye drops for glaucoma to the European market over concerns tied to the manufacturing plant in Bangladesh. The drug maker listed in Bangladesh's stock market and London Stock Exchange should be barred...
BRUSSELS, Sept 11 (AFP): The European Commission cut its 2023 and 2024 eurozone economic growth forecasts on Monday, with the single currency area weighed down by Germany's poor performance.The EU's executive arm predicted the German economy would contract by 0.4...
ONTARIO, Sept 11 (Reuters): Canada's Housing Minister Sean Fraser is evaluating a wide range of options as he looks to ease the housing crisis in the country, CBC reported on Sunday."There's a range (of incentives) that we're considering right now....
KUALA LUMPUR, Sept 11 (Reuters): Malaysia will develop a policy to ban exports of rare earth raw materials to avoid exploitation and loss of resources, Prime Minister Anwar Ibrahim said on Monday, making it the latest country to restrict shipments...
BELGRADE, Sept 11 (AFP): China is set to pour billions into a copper and gold mine in eastern Serbia, marking another dramatic increase in investment in the Balkan country by Beijing.According to a memorandum of understanding signed over the weekend...
Qualcomm on Monday said it had signed a deal with Apple to supply 5G chips until at least 2026, at a time when the iPhone maker faces increased challenges in China and looks to reinforce its supply chains elsewhere, reports...
Pubali Bank Limited conducted a comprehensive orientation programme at its head office auditorium on Monday to welcome newly recruited 188 officials of the Alternative Delivery Channel (ADC) Division. Managing Director & CEO of the bank Mohammad Ali was present as...
Trust Bank Limited held a conference on 'Prevention of Money Laundering & Combating Financing of Terrorism' for Cumilla Region at BURO Bangladesh office in Cumilla recently. Head of Bangladesh Financial Intelligence Unit Md Masud Biswas was present as the chief...
Jamuna Bank Limited organised a daylong 'Town Hall Meeting' of Chattogram Zone in the port city, aiming to enhance augmented customer service and expand banking services with due diligence. Md Saidul Islam, Chairman of the bank, was present as the...
NEW DELHI, Sept 11 (Reuters): Saudi Arabia could set up an office of its sovereign wealth fund in India's Gujarat International Finance Tec-City (GIFT), its investment minister said in New Delhi on Monday.GIFT City is India's tax-neutral financial services centre...
The Hongkong and Shanghai Banking Corporation Limited (HSBC) has recently signed an agreement with Ha-Meem Group, one of the country's top Readymade Garments (RMG) manufacturer, to process their transactions through online platform HSBCnet, says a press release. The agreement signing...
FE REPORT | 2023-09-12 00:00:00
Bangladesh and Türkiye have reaffirmed their commitment to strengthening bilateral trade ties for mutual benefits of the two countries.This was told during a courtesy meeting between Turkish ambassador Ramis Sen in Dhaka and the Federation of Bangladesh Chambers of Commerce...
Summit Alliance Port Ltd (SAPL) has partnered with Pristine Logistics & Infraprojects Ltd (PLIL), one of the largest integrated Rail Terminal Operators in India, to develop rail-linked inland container depots (ICDs), container freight stations (CFS) and multi-modal logistics parks (MMLPs)...
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