WASHINGTON, Sept 12 (Reuters): The US Securities and Exchange Commission on Monday ordered nine investment advisory firms to pay a combined $850,000 in civil penalties for advertising hypothetical performance without implementing new policies required by regulators.The SEC found the firms...
NEW YORK, Sept 12 (Reuters): Wealthy families loaded up on bonds and private equity investments in the first half of the year while slashing their stock exposure, according to a survey by Citigroup's private bank.More than half of the 268...
Retail traders getting their first bite at Arm Holdings' highly anticipated public offering when the British chip designer begins trading this week should beware: individual investors often get burned when they jump on hot listings, reports Reuters.Arm's goal of raising...
SINGAPORE/LONDON, Sept 12 (Reuters): Global stocks held firm on Tuesday and the dollar regained a little of its overnight losses a day ahead of crucial US inflation data that could influence when or whether the Federal Reserve raises rates further.Traders...
HONG KONG, Sept 12 (AFP): Asian markets struggled Tuesday to extend a Wall Street and European rally as traders nervously await US inflation data, while lingering concerns about China's economy remain a millstone.The consumer price index report is one of...
BERLIN, Sept 12 (Reuters): German investor sentiment unexpectedly improved in September, as investors expect a stop in interest rates hikes.The ZEW economic research institute on Tuesday reported a rise in its economic sentiment index to -11.4 points from -12.3 points...
Edison Group has introduced its latest smartphone, Helio 80 with 10X zoom, EIS, and Android 13. This remarkable smartphone is set to revolutionise customers' mobile experience, combining cutting-edge features that cater to both enthusiasts and power users alike, says a...
SINGAPORE Sept 12 (Reuters): GlobalFoundries, the world's third-largest contract chipmaker, opened a $4 billion semiconductor fabrication plant in Singapore on Tuesday, as part of a major global manufacturing expansion.The US chipmaker's new 23,000 square metres (248,000 square feet) facility will...
Bangladesh Small and Cottage Industry Corporation (BSCIC) organised a meeting of the stakeholders in establishing good governance and National Purity Award ceremony on Tuesday. BSCIC Chairman Md Mahbubor Rahman was present as the chief guest and Director (Planning and Research)...
A health insurance agreement has been signed between Delta Life Insurance Company Ltd and mobile financial service provider "bKash Limited" recently. Under this agreement, all officers and employees of bKash will get the facilities of health insurance from Delta Life...
A recent meeting of the government high-ups, with Home Minister Asaduzzaman Khan in the chair, has granted approval for the introduction of motorcycles with engine capacity of up to 350cc in the country's market. And Uttara Motors Ltd., for the...
Mymensingh Zone of Islami Bank Bangladesh organised a discussion meeting on "Compliance of Shari'ah in Banking Operations" for its clients on Tuesday on the zone premises. Moulana Mohiuddin Rabbani, a member of the Shari'ah Supervisory Committee, addressed the programme as...
AB Bank and bKash have recently inked a foreign remittance disbursement agreement under which remittance can be sent directly to the beneficiary's bKash wallet through AB Bank. Syed Mizanur Rahman, deputy managing director of AB Bank, and Ali Ahmmed, chief...
Md Rafiqul Islam has been promoted to deputy managing director (DMD) of IFIC Bank. He will discharge his duty as the head of the branch business of the bank, said a statement. Prior to this, he served as senior executive...
FE REPORT | 2023-09-13 00:00:00
Bangladesh has the potential to raise its readymade garment export earnings up to US$60 billion in the European market by 2030, provided there is diversification within the garment items, mostly non-cotton-based. Besides, an extra US$22.5 billion could be earned from...
FE REPORT | 2023-09-13 00:00:00
Bangladesh Lamps, widely known as BD Lamps, is going to set up a new production line to manufacture plastic parts of tube lights at its existing factory in Narsingdi's Shibpur.In a stock exchange filing on Tuesday, the electric bulb producer...
MOHAMMAD MUFAZZAL | 2023-09-13 00:00:00
Retail investors, who jumped on Legacy Footwear after the April announcement that new shares would be issued, got it all wrong. Though the disclosure said shares would be distributed among "existing shareholders", it was clear by the time that general...
With the slogan 'Eita, Oita, Jeita Lage, Shobee Kinun Daraz-e', Daraz Bangladesh, the country's largest online marketplace, kicked off its anniversary campaign titled 'NoyEr Ullash' on Tuessday. Tailored exclusively for the customers, the campaign will continue until September 24, says...
Different advertising and creative campaigns of bKash, the country's largest mobile financial services (MFS) provider, won seven awards, including three golds at the 12th Commward 2023 organised by Bangladesh Brand Forum, says a press release.The Commward is known for being...
FE REPORT | 2023-09-13 00:00:00
Terming the present potato pricing both unreasonable and unethical, the state-run DNCRP said the maximum retail price (MRP) of the produce should be Tk 36 per kilogram.The Directorate of National Consumer Rights Protection (DNCRP) will launch a drive in the...
Cherry Button Limited, a Chinese company, will set up a garments accessories manufacturing industry in Adamjee EPZ with an investment of US$ 12.2 million, reports BSS.The company signed an agreement to this end with Bangladesh Export Processing Zones Authority (BEPZA)...
FE REPORT | 2023-09-13 00:00:00
In a major development, the Chinese Enterprises Association in Bangladesh (CEAB) - a platform comprising over 270 Chinese companies - has announced the establishment of eight dedicated branches to facilitate Chinese investment and development in Bangladesh.Commenting on the issue, Mr...
The US is estimated to have added 6.4 gigawatts (GW) of small-scale solar capacity in 2022, the most ever in a single year, the US Energy Information Administration (EIA) said on Monday.The capacity of small-scale solar increased from 7.3 GW...
The United States and Saudi Arabia are in talks to secure metals in Africa needed to help them with their energy transitions, according to a Wall Street Journal report published on Sunday, reports Reuters.A state-backed Saudi venture would buy stakes...
Gold prices slipped to a more than two-week low on Tuesday, weighed down by an uptick in the dollar ahead of widely watched US inflation print that could provide more clarity on the Federal Reserve's interest rate trajectory, reports Reuters.Spot...
ABUJA, Sept 12 (Reuters): Emirates Airlines will resume immediate flight schedules to Nigeria and lift a visa ban on Nigerian travellers, following a meeting between the leaders of the two countries, the Nigerian presidency said on Monday.President Bola Ahmed Tinubu...
LONDON, Sept 12 (Reuters): Oil prices rose about 1 per cent on Tuesday, boosted by a tighter supply outlook, and as producer group OPEC said major economies were faring better than expected despite rising interest rates.November Brent crude futures rose...
RAJSHAHI, Sept 12 (BSS): A police team of Detective Branch (DB) has arrested four alleged drug peddlers with 52 kilograms of ganja from Chapel area in the district.The arrestees are Muhammad Jamil, 34, Sakib Islam, 21, Tamim Mian, 19, and...
CUMILLA, Sept 12 (UNB): Three people were killed as a bus knocked them down on Dhaka-Chattogram highway in Chandina upazila of Cumilla district on Tuesday morning.The dead are Alamgir Hossain, 45, Abul Kalam and Baharam.Md Mamun, in-charge of Illiotganj highway...
By placing fine nets, an influential quarter is catching brood fish from the Halda River, country's lone natural fish breeding ground, jeopardising existence of the indigenous sweet-water fish varieties like rui, catla, mrigal and kalibaus. There is hardly any effective...
© 2026 - All Rights with The Financial Express
