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BNP to hold processions in metro cities Friday to pick up oust-govt movement

2023-08-16 00:00:00

As part of their one-point simultaneous movement, BNP will hold mass processions in all metropolitan cities, including Dhaka, to mount pressure on the government to quit and hold the next election under a non-party caretaker government, reports UNB.Besides, the party...

BNP behind all heinous acts like August 15 carnage: Hasan

2023-08-16 00:00:00

Information and Broadcasting Minister Dr Hasan Mahmud today said BNP is behind the country's all heinous acts like August 15 carnage, August 21 grenade attack and introducing the politics of burning people, report agencies."Ziaur Rahman masterminded the August 15 carnage...

Investors least bearish since February 2022, says BofA

2023-08-16 00:00:00

MILAN, Aug 15 (Reuters): Sentiment among global investors improved in August to its least bearish since February 2022 with cash allocations falling to a 21-month low, a Bank of America survey showed on Tuesday.The poll of fund managers with $545...

China Evergrande NEV shares jump on $3.2b plan to lower debt

2023-08-16 00:00:00

BEIJING/HONG KONG, Aug 15 (Reuters): China Evergrande New Energy Vehicle Group (NEV) shares jumped nearly 50 per cent on Tuesday after the electric vehicle unit of cash-strapped property firm China Evergrande Group announced a $3.2 billion plan to reduce debt...

HOMAGE TO BANGABANDHU

2023-08-16 00:00:00

Different financial institutions, organisations and government agencies paid tribute to Father of the Nation Bangabandhu Sheikh Mujibur Rahman by placing wreaths at his portraits at Dhanmondi in Dhaka, at their head offices and other places across the country on Tuesday,...

UCB signed remittance service agreement with NEC Money Transfer

2023-08-16 00:00:00

United Commercial Bank PLC (UCB) signed a remittance service agreement with NEC Money Transfer Limited on Monday. Arif Quadri, managing director and CEO of UCB, and Ikram Farazy, chairman of NEC Group, exchanged documents after signing the agreement at UCB...

Global stocks stuck near 5-week lows, China cuts rates

2023-08-16 00:00:00

LONDON, Aug 15 (Reuters): Global stocks were stuck near five-week lows on Tuesday as rising government bond yields unnerved investors, while rate cuts from China and disappointing data underscored the economic malaise gripping the world's second biggest economy.Emerging markets remained...

Dutch-Bangla Bank to join proposed Digi10 Bank

FE DESK | 2023-08-16 00:00:00

To expand the business quickly and retain the existing smart customer base, Dutch-Bangla Bank has decided to invest in the proposed Digi10 Bank PLC - a consortium of ten private commercial banks.The board of directors of the bank took the...

Why market intermediaries need more time to comply?

MOHAMMAD MUFAZZAL | 2023-08-16 00:00:00

The securities regulator has further extended the time for market intermediaries to invest at least 4 per cent of their portfolios in listed debt securities to March 2024. The time extension came following pleas of market intermediaries against the backdrop...

DSE erodes 110 pts in a month on corrections of overvalued stocks

BABUL BARMAN | 2023-08-16 00:00:00

The prime index of the Dhaka Stock Exchange eroded 110 points in just a month, tumbling to four-month low, as jittery investors dumped all the previous two months' trendy stocks.Most of the recent top-gaining small-cap stocks saw a sharp decline...

Japanese economy expands 1.5pc, beating expectations

2023-08-16 00:00:00

TOKYO, Aug 15 (AFP): Japan's economy grew 1.5 percent in the three months to June, official data showed Tuesday, beating expectations on the back of strong exports.The average forecast for quarter-on-quarter growth in the world's third-largest economy had been 0.8...

Sinopec to start operations in Sri Lanka in Sept

2023-08-16 00:00:00

COLOMBO, Aug 15 (Reuters): Chinese oil major Sinopec expects to start operations in Sri Lanka on Sept. 20 and will be allowed to sell fuel for less than the maximum retail price set by the government, Sri Lanka's power minister...

US retail sales jump more than expected in July

2023-08-16 00:00:00

WASHINGTON, Aug 15 (Reuters): US retail sales increased more than expected in July as Americans boosted online purchases and dined out more, suggesting the economy continued to expand early in the third quarter and keeping a recession at bay.Retail sales...

UK basic wage growth hits record, adding to Bank of England's worries

2023-08-16 00:00:00

LONDON, Aug 15 (Reuters): Basic wages in Britain hit a new record growth rate, figures showed on Tuesday, adding to worries for the Bank of England (BoE) about long-term inflation pressures even after 14 back-to-back increases in interest rates.Official data...

JMI GROUP TO BUILD SPECIALISED HOSPITAL

2023-08-16 00:00:00

JMI Group will build a specialised hospital at Amin Trade Centre, a high-rise building at Dhanmondi in Dhaka. For this, the entire building has been rented by the JMI Specialised Hospital Limited. To this end, a lease signing ceremony was...

Sparkling start of Bizli Cables at Habiganj Industrial Park

SAIF UDDIN, Back from Habiganj | 2023-08-16 00:00:00

RFL Group, a local conglomerate, is eyeing expansion of its share in the fast-growing electrical cable market as it has made a hefty fresh investment to manufacture underground cables.Considering the potential, RFL subsidiary Bizli Cables has installed a new hi-tech...

Stop sugar smuggling from India: Refiners

REZAUL KARIM | 2023-08-16 00:00:00

Local refiners have sought immediate action to put an end to sugar smuggling from India in a bid to help the domestic industry survive such odds and adversities.They apprehend that the domestic sugar industry will definitely be in dire straits...

News in Brief-(2023-08-16)

2023-08-16 00:00:00

US Navy joins Army, Marine Corps inhaving no Senate-confirmed leader NEW YORK, Aug 15: The U.S. Navy on Monday became the third branch of the military to no longer have a Senate-confirmed leader for the first time in history, as...

Taliban supporters ride on motorcycles with Taliban flags

2023-08-16 00:00:00

Taliban supporters ride on motorcycles with Taliban flags during celebrations for the second anniversary of the country takeover at the Ahmad Shah Massoud square in Kabul on Tuesday —AFP

Israeli troops kill two Palestinians -

2023-08-16 00:00:00

RAMALLAH, Aug 15 (AFP): Israeli troops killed two Palestinians in the occupied West Bank on Tuesday, the Palestinian health ministry said, in the first deadly raid in the Jericho area for months.The health ministry said 16-year-old Qusay Omar Suleiman al-Walaji...

Second Ecuador politician killed in less than a week

2023-08-16 00:00:00

QUITO, Aug 15 (BBC): A local party leader has been killed in Ecuador, the second politician to be assassinated in the space of a week. Pedro Briones was shot dead by gunmen on a motorcycle at his home in northern...

Yoon for strong security ties with US, Japan

2023-08-16 00:00:00

SEOUL, Aug 15 (AP): South Korea's president called for deeper security cooperation with the U.S. and Japan to address North Korean nuclear threats, saying Tuesday that his upcoming summit with the U.S. and Japanese leaders at Camp David will "set...

They vow stronger ties

2023-08-16 00:00:00

MOSCOW, Aug 15 (Reuters): North Korea leader Kim Jong Un and Russian President Vladimir Putin exchanged letters on Tuesday pledging to develop their ties into what Kim called a "long-standing strategic relationship," Pyongyang's state media KCNA said.The letters mark the...

Trump, 18 allies indicted over 2020 election meddling

2023-08-16 00:00:00

ATLANTA, Aug 15 (AP): Donald Trump and 18 allies were indicted in Georgia on Monday, accused of scheming to illegally overturn his 2020 election loss in the state. It's the fourth criminal case to be brought against the former president...

35 perish in Russia petrol station blast

2023-08-16 00:00:00

MOSCOW, Aug 15 (BBC): At least 35 people have been killed and dozens injured in an explosion at a petrol station in southern Russia. The blast occurred in the Dagestan regional capital, Makhachkala, on the coast of the Caspian Sea,...

England to host Zimbabwe for Test in 2025

2023-08-16 00:00:00

LONDON, Aug 15 (AFP): England will host Zimbabwe in a men's Test match for the first time in 22 years in May 2025.The four-day Test will take place from May 28-31, with the venue for the one-off match to be...

Djokovic, Alcaraz set to meet again in group stage of Davis Cup Finals

2023-08-16 00:00:00

MADRID, Aug 15 (AP): The budding rivalry between Carlos Alcaraz and Novak Djokovic is set to be renewed in the group stage of the Davis Cup Finals next month.Alcaraz and Djokovic were included in the teams announced Monday by Spain...

Imran Khan left out of PCB's tribute video

2023-08-16 00:00:00

Former World Cup-winning captain Imran Khan has been left out of a Pakistan Cricket Board (PCB) commemoratory video, leaving Pakistan cricket fans outraged, report agencies.Ostensibly released as part of celebrations for Pakistan's Independence Day, which falls on August 14, the...

Ben Stokes to come out of retirement, play ODI World Cup in India

2023-08-16 00:00:00

England Test captain and the world's premier all-rounder Ben Stokes is all set to come out of retirement and play the ODI World Cup in India even if it comes at the cost of missing a season of IPL (Indian...

Spain reach maiden Women's World Cup final

2023-08-16 00:00:00

AUCKLAND, Aug 15 (AFP): Olga Carmona's stunning 89th-minute strike gave Spain a 2-1 win over Sweden on Tuesday to propel them into the Women's World Cup final for the first time in their history.Spain's thrilling victory at Eden Park sets...