FE REPORT | 2023-09-05 00:00:00
Price fall of selective large- and mid-cap stocks dragged the market down on Monday, snapping a three-day winning streak, as investors preferred to realise short-term gains amid ongoing volatility.Mostly, the stocks, which had price appreciations recently, eroded.Sonali Paper & Board...
FE REPORT | 2023-09-05 00:00:00
Premier Leasing & Finance's negative earnings per share for three consecutive years to 2022 has made its ability to generate income "questionable", said its auditor in a stock filing on Monday. The cumulative loss of the third-generation financial institution stood...
MUNICH, Sept 4 (Reuters): Europe's carmakers have a fight on their hands to produce lower-cost electric vehicles (EVs) and erase China's lead in developing cheaper, more consumer-friendly models, industry analysts and executives said at Munich's IAA mobility show."We have to...
LONDON, Sept 4 (Reuters): A majority of large European banks reported a fall in deposits over the year to June 2023 as customers shopped around for better savings deals, according to an analysis published by ratings agency S&P on Tuesday.Two-thirds...
COPENHAGEN, Sept 4 (Reuters): Lego continued to take market share in the first six months of the year even as the toy market declined and Chinese consumers returned to stores at a slower pace than expected, the Denmark-based toymaker said...
MILAN, Sept 4 (Reuters): Italy and Saudi Arabia are in talks about a potential Saudi investment in Rome's new strategic fund, Italy's Industry Minister Adolfo Urso said on Monday, as the two signed a deal to forge closer economic relations,...
ISTANBUL, Sept 04 (Arab News): Turkey's annual inflation rate surged to a higher-than-expected 58.94 per cent in August, official data showed on Monday, rising for a second month after a steep fall in the lira currency and recent tax increases....
WASHINGTON, Sept 4 (Reuters): US Commerce Secretary Gina Raimondo warned China in interviews broadcast on Sunday that the patience of US business was "wearing thin," saying American companies deserved a "predictable environment and a level playing field."The two biggest economies...
NRBC Bank arranged a month-long `Foundation Training Course' for its newly recruited officers at the bank's Training Institute. S M Parvez Tamal, Chairman of the bank, inaugurated the training course as the chief guest. Rafikul Islam Mia Arzoo, Vice-Chairman of...
The concluding ceremony of a 16-day 'Foundation Course for Probationary Officer (Year-2022): Foreign Trade Finance, Operations & Risk Management Module (1st Batch)' of National Bank Limited was held at the Training Institute of the bank on Sunday. Md Mehmood Husain,...
The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) held a formal ceremony on Monday at its Motijheel office to unveil the new 5-year trade licence registration and renewal policy.Mayor of Dhaka South City Corporation (DSCC) Sheikh Fazle Noor Taposh...
FE Report | 2023-09-05 00:00:00
The Clean Clothes Campaign (CCC) urged Bangladesh government, local apparel makers, and global buyers sourcing from the country to agree on and support workers' demand of getting Tk 23,000 as minimum monthly wage. The CCC, one of the garment industry's...
In a significant move aimed at fostering growth and innovation, BRAC Bank and the Bangladesh Indenting Agents' Association (BIAA) have entered into a Memorandum of Understanding (MoU). This collaboration is intended to provide comprehensive banking solutions tailored for the association's...
FE REPORT | 2023-09-05 00:00:00
The Bangladesh Tea Association (BTA) urged the government to declare tea a cent percent agricultural product, so that the sector can get bank loan at low interest rate like its other peers.It requested the Ministry of Commerce (MoC) to write...
NEW DELHI, Sept 4 (Reuters): India's finished steel imports from China touched a five-year high in the first four months of the fiscal year that began in April, according to provisional government data reviewed by Reuters.During April-July, China was the...
LONDON, Sept 4 (Reuters): Copper prices retreated on Monday as the market fretted about demand in top consumer China and rising inventories in London Metal Exchange-registered warehouses, while a softer dollar limited losses.Benchmark copper CMCU3 on the LME was down...
MUNICH, Sept 4 (Reuters): Volkswagen is ready for Europe's planned 2035 ban on new sales of fossil-fuel cars as it ramps up its electric vehicle lineup, Chief Executive Oliver Blume said at Munich's IAA mobility show."We are prepared for the...
Gold edged higher on Monday, buoyed by a slight pullback in the US dollar as market participants grew more confident the Federal Reserve may have finished raising interest rates.Spot gold rose 0.1 per cent to $1,940.80 per ounce by 1200...
LONDON, Sept 4 (Reuters): Oil prices were stable on Monday amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unchanged to avoid dampening the U.S. economy.Brent crude futures for...
Sudan's top general visits S Sudan for talks CAIRO, Sept 04: Sudan's top military general is headed to South Sudan to talk with its president on his second trip abroad since the war in his country started earlier this year....
NEW YORK, Sept 04 (BBC): US President Joe Biden has said he is "disappointed" that his Chinese counterpart Xi Jinping plans to skip the upcoming G20 summit in India. "I am disappointed... but I am going to get to see...
TOKYO, Sept 04 (AP): Japan's Supreme Court on Monday dismissed Okinawa's rejection of a central government plan to build U.S. Marine Corps runways on the island and ordered the prefecture to approve it despite protests by locals who oppose the...
LONDON, Sept 04 (BBC): Scientists have developed an energy source which could allow astronauts to live on the Moon for long periods of time. The Nasa-led Artemis Program hopes for an outpost on the Moon by around 2030.Bangor University has...
MOSCOW, Sept 04 (Reuters): President Vladimir Putin told Turkey's Tayyip Erdogan on Monday that Russia was open to discussions about the Black Sea grain deal, an agreement that helped get Ukraine's grain to market and thus ease a global food...
NEW YORK, Sept 04 (AFP): Defending champion Iga Swiatek crashed out of the US Open on Sunday after defeat by Jelena Ostapenko and will lose her number one ranking, while Novak Djokovic marched into the quarter-finals.Swiatek grabbed the opening set...
In a surprising turn of events, Bangladesh opener Litton Das is reportedly set to join the Asia Cup squad, according to sources within the Bangladesh Cricket Board (BCB), reports UNB.However, BCB President Nazmul Hasan has expressed his apparent lack of...
LOS ANGELES, Sept 04 (AFP): Inter Miami delivered the most impressive win of their Lionel Messi era, 3-1 over Major League Soccer champions Los Angeles FC on Sunday, with two assists from the Argentine boosting their playoff hopes.Goals from Argentine...
Athlete Imranur Rahman, an England-based Bangladesh-origin sprinter, made his career-best time of 10.11 seconds in the 100-metre sprint in an competition held in Queen Elizabeth Olympic Park in London recently, reports UNB.The Bangladesh Athletics Federation recognised the personal best timing...
Chairman of the Management Committee of the Pakistan Cricket Board (PCB), Zaka Ashraf, has suggested the possibility of relocating the Asia Cup 2023 matches to Pakistan due to concerns over adverse weather conditions in Sri Lanka, according to Pakistan's cricket-based...
LAHORE, Sept 04 (PTI): Afghanistan will need to up their game with the ball when they face a skillful Sri Lanka in the battle of a Super4 spot in the Asia Cup here on Tuesday.Afghanistan not only find themselves in...
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