RIYADH, Sept 03 (Arab News): In a significant development, Oman's refinery and petroleum production saw a 13.5 percent uptick at the end of July 2023, according to a report by the country's National Centre for Statistics and Information. The data...
Denmark's Novo Nordisk on Friday briefly overtook French luxury goods behemoth LVMH to become Europe's most valuable company as investors bet on the potential of its weight loss drugs, according to CNBC.Novo Nordisk's market capitalization was $421 billion including unlisted...
NEW YORK, Sept 3 (Reuters): Six private equity and hedge fund trade groups on Friday sued the US Securities and Exchange Commission (SEC), arguing the agency overstepped its statutory authority when adopting sweeping new expense and disclosure rules last week.SEC...
An Amazon shareholder lawsuit says the company snubbed SpaceX for valuable satellite launch contracts because of Jeff Bezos' personal rivalry with Elon Musk, who has taunted his fellow billionaire's space ambitions for years, according to CNBC.Cleveland Bakers and Teamsters Pension...
Saudi Aramco is considering selling a stake worth as much as $50 billion through a secondary share offering on the Riyadh bourse after consultations with advisers, the Wall Street Journal reported on Friday, reports Reuters.The sale could happen before the...
NEW YORK, Sept 3 (Reuters): Signs of rising consumer stress are prompting some fund managers to grow more conservative in their outlooks, even as the broad stock market continues to rally.While unemployment remains near historic lows, the Federal Reserve's inflation-fighting...
A Memorandum of Understanding (MoU) on research cooperation was signed between Bangladesh Council of Scientific & Industrial Research (BCSIR) and Sylhet Agricultural University at the meeting room of Bangladesh Council of Scientific and Industry Research (BCSIR) on Sunday. Chairman of...
Alliance Finance PLC (formerly Lankan Alliance Finance Ltd) has achieved Bangladesh Bank's Sustainability Rating for 2022. Kanti Kumar Saha, Chief Executive Officer of Alliance Finance PLC, received the appreciation letter from Abdur Rouf Talukdar, Governor of Bangladesh Bank, at the...
BEIJING/SHANGHAI, Sept 3 (Reuters): Chinese President Xi Jinping said on Saturday that China would widen market access in the service industry and promote cross-border services trade.Speaking via video at the China International Fair for Trade in Services (CIFTIS) in Beijing,...
Prime Bank has recently signed an agreement with Grand Sylhet Hotel & Resort at the bank's head office. Nazeem A Choudhury, deputy managing director of Prime Bank, and Syed Yameenul Huq, executive assistant manager and in-charge of sales & marketing,...
Bank Asia Limited organised a day-long 'Managers' Meet 2023' with the motto of 'Time for Transformation' in Dhaka on Saturday. Rumee A Hossain, chairman of the board executive committee, Dilwar H Choudhury, chairman of the board audit committee, and Shafiuzzaman,...
A Four-Member delegation led by Md Rezaul Karim, chairman, Shippers' Council of Bangladesh (SCB), and Vice-Chairman, Asian Shippers' Alliance, will attend the Asian Shippers' Alliance (ASA) and Global Shippers' Alliance (GSA) Annual Meeting beginning today in Petaling Jaya, Malaysia, says...
BRAC Bank has partnered with the Department of Agricultural Extension (DAE) to assist grassroots farmers in transitioning to high-yield crop varieties and sustainable cultivation techniques, says a press release.Structured as a special agriculture-focused Corporate Social Responsibility (CSR) endeavour, BRAC Bank...
Banga Building Materials Limited, a sister concern of the Pran-RFL Group, has successfully secured BDT 3.00 billion through the issuance of Bangladesh's second corporate Sukuk. The bonds were issued to reputed banks of Bangladesh, with City Bank Capital serving as...
FE REPORT | 2023-09-04 00:00:00
The stock market regulator has formed a two-member committee to find out any possible price manipulation of shares of the travel & leisure sector company --- Sea Pearl Beach Resort & Spa.The Bangladesh Securities and Exchange Commission (BSEC) seeks to...
FE REPORT | 2023-09-04 00:00:00
The securities regulator has been probing into the allegation that Rupali Insurance kept a deceased director's shares as guarantee while taking out a loan from another listed non-bank financial institution. The loan was allegedly secured from Uttara Finance & Investment,...
MOHAMMAD MUFAZZAL | 2023-09-04 00:00:00
Twenty-three listed companies have been ordered to appoint at least two independent directors within 15 days, who will ensure compliance with the regulatory requirement of minimum 30 per cent joint stake of sponsor-directors in the organisations. The firms will also...
PARIS, Sept 3 (Reuters): France is hoping to get up to 67 billion euros ($72.42 billion)worth of revenues from foreign tourists in 2023, beating last year's figure of 58 billion, said French Tourism Minister Olivia Gregoire.France is the world's most...
LONDON, Sept 3 (Reuters): The dollar is unlikely to lose its status as the global reserve currency anytime soon, even as the expansion of the BRICS group of developing nations signals another challenge to the dollar's dominance in the world...
ANAMADUWA, Sri Lanka, Sept 3 (Reuters): H.J.M Seneviratne, 63, slices through yellowed paddy stems dried out by a drought that has destroyed over 95 per cent of his crop and is threatening crisis-hit Sri Lanka's summer rice harvest.The island's economy...
HONG KONG/SINGAPORE/WASHINGTON, Sept 3 (Reuters): For a decade until 2018, China sought to recruit elite foreign-trained scientists under a lavishly funded program that Washington viewed as a threat to US interests and technological supremacy.Two years after it stopped promoting the...
BEIJING, Sept 3 (Reuters): Tesla showed off its restyled, China-made Model 3 sedan for the first time to the public at a trade fair in Beijing, after launching it a day before in several countries.The US automaker displayed a flame...
Al-Arafah Islami Bank Limited (AIBL) held a daylong training workshop on 'Standard Operating Procedure (SOP) for handling readymade garment (RMG) business' for the officers working in International Business wing in various branches on Saturday. Managing Director and CEO Farman R....
Shari'ah-based Standard Bank has launched four new deposit schemes to meet the growing customer demand and expand its range of services. The products are Nobabi-Mudaraba Millionaire Plus, Ameer-Mudaraba Kotipoti Plus, Sohojei Digun-Mudaraba Double Scheme & Uparjon-Mudaraba Monthly Income. The new...
JAKARTA, Sept 3 (Reuters): Indonesia is introducing a golden visa scheme to attract foreign individual and corporate investors in an attempt to boost its national economy, a statement from the ministry of law and human rights distributed on Sunday said."The...
FE REPORT | 2023-09-04 00:00:00
The Hongkong and Shanghai Banking Corporation (HSBC) Limited in Bangladesh launched the third edition of its flagship initiative, the 'HSBC Business Excellence Awards', on Sunday.The global bank, with a presence in 62 countries, will give the award in eight categories...
FE REPORT | 2023-09-04 00:00:00
The 6th Showcase Malaysia will begin in a Dhaka hotel on Wednesday to promote bilateral trade along with Malaysian investment in Bangladesh. The Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI), in a press conference on Sunday, announced that the two-day...
NEW YORK, Sept 03 (AFP): World number one Carlos Alcaraz surged into the last 16 of the US Open on Saturday as Tunisia's Ons Jabeur kept her dream of a first Grand Slam title alive with victory in a three-set...
MANCHESTER, England, Sept 03 (Reuters): Erling Haaland netted a second-half hat-trick as pacesetters Manchester City maintained their 100 per cent record in the Premier League with a 5-1 thrashing of Fulham on Saturday.Julian Alvarez and Nathan Ake opened the scoring...
JOHANNESBURG, Sept 03 (Agencies): Heath Streak, one of Zimbabwe's greatest cricketers, died on Sunday aged 49, his wife said in a social media post. He had been battling colon and liver cancer.Streak had been a pivotal member of the coaching...
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