LONDON, Aug 25 (Reuters): HSBC said on Thursday it has expanded venture debt offering to early-stage startups through its US innovation banking division.London-based HSBC has been catering to late-stage and mature firms since 2019.Debt has become an increasingly popular option...
AIBL Distributes relief in ChattogramAl-Arafah Islami Bank Limited (AIBL) has distributed relief materials among 2,000 distressed families affected by recent floods in Chattogram. Under its Social Responsibility Programme (CSR), Managing Director and CEO Farman R. Chowdhury distributed relief to the...
BERLIN, Aug 25 (Reuters): German business activity contracted at the fastest pace for more than three years in August, a preliminary survey showed on Wednesday.The HCOB German Flash Composite Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 44.7...
Gap Inc on Thursday forecast a steeper-than-expected decline in current-quarter sales hit by slowing demand for its accessories and apparel, and warned it was losing market share to rivals including Shein, Amazon and T.J. Maxx, reports Reuters.Gap missed revenue expectations...
BEIJING/JOHANNESBURG, Aug 25 (Reuters): BRICS nations should strengthen cooperation on cross-border payment, a Chinese foreign ministry official said on Thursday, the final day of a three-day BRICS summit in South Africa, while India's foreign secretary said it was a promising...
AB Bank Limited signed an agreement with Bangladesh Bank, aiming to provide loans for the CMSME entrepreneurs under the pre-finance scheme of Tk 250 billion. Mohammad Ashiqur Rahman, Director, SME and Special Programs Department, Bangladesh Bank, and Tarique Afzal, President...
Asia-Pacific markets fell across the board on Friday as investors prepared for signals on US monetary policy from central bankers' comments at the Jackson Hole meeting on Friday, reports CNBC.Japan's Nikkei 225 tumbled 2.05 per cent, leading losses in Asia...
Global equity and bond funds saw significant withdrawals in the week ended August 23 amid worries that robust US economic data could keep interest rates elevated for a prolonged period, reports Reuters.Investors also avoided putting money in riskier assets ahead...
FE Report | 2023-08-26 00:00:00
Majority of the listed multinational companies (MNCs) witnessed price appreciation on the Dhaka Stock Exchange (DSE) this week. This price gains happened at a time when the market made modest gains, gradually recovering from the shocks experienced over the preceding...
FE Report | 2023-08-26 00:00:00
The benchmark equity index bounced back in the outgoing week, snapping a four-week losing streak, as smart investors put fresh bets on beaten-down stocks, pushing the turnover higher.Still, cautious investors stayed on the sidelines to wait for upbeat outlook on...
TANGAIL, Aug 25 (BSS): Agriculture Minister and Awami League (AL) Presidium Member Dr Mohammad Abdur Razzaque today said BNP has to oust Awami League by participating in the elections."They will not be able to bring down the Awami League no...
FE REPORT | 2023-08-26 00:00:00
The Bangladesh Nationalist Party (BNP) and other like-minded parties on Friday warned the government of waging a tougher movement if it does not resign immediately for a fair and inclusive election under a neutral caretaker government.They issued the strongly-worded warning...
Awami League (AL) General Secretary Obaidul Quader said on Friday after failing to wage movements BNP brought out mourning processions carrying black flags."BNP claimed their movement as mass procession. How can it be a mass procession without participation of commoners?...
Boeing has recently identified a new 737 MAX quality problem involving supplier Spirit AeroSystems that has resulted in improperly drilled holes on the aft pressure bulkhead, the planemaker said on Wednesday, reports Reuters.Boeing said the defect will delay near-term deliveries...
BEIJING, Aug 25 (Reuters): China's soybean imports from the United States tumbled 62 per cent in July from a year earlier while shipments from Brazil, its top supplier, surged 32 per cent, data showed on Sunday, spurred by a bumper...
Gold edged down on a stronger dollar on Friday, but was range-bound as investors braced for Federal Reserve Chair Jerome Powell's remarks at Jackson Hole for interest rate cues, reports Reuters.Spot gold fell 0.2 per cent to $1,914.19 per ounce...
M Rokonuzzaman | 2023-08-26 00:00:00
China indeed impresses us with its high-speed rail (HPR) network. With a total length of 42,000 kilometers (26,000 miles) by the end of 2022, China's HPR network operates newly built rail lines with a design speed of 200-350 km/h (120-220...
Savings are the best method for enhancing investment. So, it is extremely important to keep track of the savings rate. This also applies to our individual lives relating to our personal finances.Regardless of age, we will all have to retire...
School buildings and campus facilities are often subject to daily wear and tear. Cafeterias, washrooms, classrooms -- the list of areas that need to be cleaned on campus is long. Hundreds of students, their guardians and teachers visit campuses every...
Train accidents in Bangladesh are quite frequent. The latest incident occurred on April 16 when five carriages of a Dhaka-bound Sonar Bangla Express hit a freight train in Cumilla's Nangalkot, resulting in 35 injuries. An analysis highlights the most significant...
Tanim Asjad | 2023-08-26 00:00:00
Bullying and ragging in the country's educational institutions at times cross all limits. In the universities, especially dormitories, ragging turns into intimidation, shaming and physical torture. The authorities' role in preventing the suffering is minimal as the student wing of...
Syed Mansur Hashim | 2023-08-26 00:00:00
The onion market is in a state of volatility again. This is to be expected as neighbouring India has slapped a 40 per cent duty on export of onions to stabilise prices in its domestic market. According to a reprt...
The country's apex tax administration authority, the National Board of Revenue (NBR)'s effort to automate its Value-Added Tax (VAT) collection system, has encountered many challenges since the move was made nearly a decade and a half back. First, it introduced...
ARAFAT ARA | 2023-08-25 12:00:00
In the early morning hours, Belal Hossain, a resident of Mohammadpur in his middle years, steps onto the freshly laid walkways lining River Turag. As he starts his morning jog, the gentle light of dawn adds a soft touch to...
AUSTRALIAN ENVOY MEETS WITH ICCB PRESIDENT Australian High Commissioner to Bangladesh Jeremy Bruer had a meeting with ICC Bangladesh President Mahbubur Rahman and the Members of the Executive Board at the ICCB Secretariat at Gulshan in the city on Wednesday....
SAO PAULO, Aug 25 (Reuters): Brazil is set to overtake the US this year as the world's top corn exporter, reflecting both a bumper harvest and logistical breakthroughs such as the consolidation of northern export routes, which are boosting the...
LONDON, Aug 25 (Reuters) : Oil prices jumped more than 1 per cent on Friday as the dollar firmed ahead of an eagerly awaited speech by the head of the US Federal Reserve for hints on the outlook for interest...
NEW DELHI, Aug 25 (Reuters): Torrential rains that have battered India's Himalayas in recent years, killing hundreds of people and causing billions of dollars worth of damage, are becoming more intense due to a clash of weather systems triggered by...
SAN ANTONIO, ZAMBALES (Philippines), Aug 25 (Arab News): Australian and Filipino troops held exercises on Friday near flashpoint South China Sea waters claimed by China, with Philippine President Ferdinand Marcos hailing them as an "extremely important" example of close cooperation.China...
MOSCOW, Aug 25 (Reuters): The Kremlin said that Western suggestions Russian mercenary boss Yevgeny Prigozhin had been killed on its orders were an "absolute lie" while declining to definitively confirm his death, citing the need to wait for test results....
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