YASIR WARDAD | 2023-09-11 00:00:00
Traders who stored potatoes in the cold storages are behind the price volatility in the markets, Bangladesh Cold Storage Association (BCSA) claimed Sunday, saying that they thought stock of the commodity was lower than demand. "Traders who raised prices think...
Prime Minister Sheikh Hasina on Sunday returned home after attending the G20 summit in New Delhi, reports UNB.She arrived by a Biman Bangladesh Airlines flight that landed at Hazrat Shahjalal International Airport at 3:38 pm.She and her entourage members departed...
Awami League has asked nomination aspirants to collect and submit forms to get the party ticket to contest the by-elections to Natore-4 constituency, reports BSS.Nomination forms can be collected and submitted from AL President Sheikh Hasina's Dhanmondi political office here...
Police headquarters issued a new order transferring Additional Deputy Commissioner (Ramna Zone) of Dhaka Metropolitan Police (DMP) Harun Ar Rashid to Armed Police Battalion (APBn) from the DMP on Sunday, reports UNB.The new posting order was given several hours after...
A Dhaka court on Sunday sent BNP leader Amanullah Aman to jail rejecting his bail petition in a case filed over acquiring wealth beyond known income source, reports UNB.Judge of Dhaka Special Judge Court-1 Abul Kashem passed the order after...
FE REPORTBangladesh Nationalist Party (BNP) Secretary General Mirza Fakhrul Islam Alamgir said on Sunday that the selfie with US President Joe Biden would not save the ruling Awami League (AL). He made the observation apparently in response to the joyous...
Awami League (AL) General Secretary Obaidul Quader on Sunday said BNP leaders could not sleep after seeing US President Joe Biden taking a selfie with Bangladesh Prime Minister Sheikh Hasina at the G-20 Summit in New Delhi, reports BSS."BNP's jumping...
BENGALURU, Sept 10 (Reuters): Indian wires and cables maker RR Kabel has priced its initial public offering (IPO) between 983 rupees and 1,035 rupees, according to a newspaper advertisement on Friday, valuing the offering at around 19.64 billion rupees ($236.19...
NEW YORK, Sept 10 (Reuters): Arm Holdings Plc, the chip designer owned by SoftBank Group Corp (9984.T) that is seeking roughly $5 billion in its stock market debut, has seen investor demand that is six times the amount it is...
European markets closed slightly higher Friday, following US stocks with tentative gains amid uncertainty over the inflationary outlook, according to CNBC. The basic resources sector fell 0.4 per cent as media stocks rose 1.1 per cent. The pan-European Stoxx 600...
WASHINGTON, Sept 10 (AFP): Google faces its biggest ever legal challenge in a Washington court on Tuesday, as it fends off accusations from the US government that it acted unlawfully to build its overwhelming dominance of online search.Over ten weeks...
NEW YORK, Sept 10 (Reuters): Barclays hired Christian Oberle from JPMorgan Chase to oversee its relationships with private equity (PE)firms in the Americas region, Barclays confirmed on Friday.Oberle will join the British bank as the head of its financial sponsors...
MILAN, Sept 10 (AFP): Italian Prime Minister Giorgia Meloni is tightening the budgetary screws to show that Rome can balance its books, even if it means delaying electoral promises.By the government's own admission, the room for manoeuvring is extremely limited...
The 53rd board meeting of Bangladesh Rural Development Board (BRDB) was held at its conference room in the city on Sunday. BRDB Chairman and Minister for Local Government, Rural Development (LGRD) and Co-operatives Md Tazul Islam presided over the meeting....
LankaBangla Foundation in cooperation with Rajshahi City Corporation organised a tree-plantation programme at Nawdapara in Rajshahi city recently. Mayor of Rajshahi City Corporation A.H.M. Khairuzzaman (Liton) and Managing Director and CEO of LankaBangla Finance Khaja Shahriar inaugurated the programme. Under...
As a part of Corporate Social Responsibility (CSR), Union Bank Limited distributed household goods and relief materials among the poor and homeless people affected by the devastating flood in Chattogram division. Mayor of Dohazari Municipality Mohammad Lokman Hakim distributed the...
NEW YORK, Sept 10 (Reuters): A potential US government shutdown at the end of September could add to worries about the economy going into year-end and beyond, investors said.Current funding for most government programs expires on Sept. 30. If lawmakers...
Women-focused banking initiative Prime Bank Neera and all-female travel platform Wander Woman signed an agreement at Prime Bank headquarters recently. Nazeem A. Choudhury, deputy managing director of Prime Bank, and Sabira Mehrin Saba, founder & CEO of Wander Woman, signed...
IFIC Bank extended support to Kumudini Nursing School and College for its Diploma in Nursing programme as part of its corporate social responsibility (CSR). A memorandum of understanding (MoU) to this effect was signed on Friday at Kumudini Complex in...
Senior Secretary of the Commerce Ministry Tapan Kanti Ghosh said the government is taking steps to reduce trade gap between Bangladesh and Malaysia by encouraging more exports, reports BSS."As regards to bilateral trade it is evident that Bangladesh has been...
FE REPORT | 2023-09-11 00:00:00
Stocks suffered big losses on Sunday as risk-averse investors opted to liquidate their holdings to avoid further erosion of their portfolios.The market faced selling pressure from the very beginning of the trading session, primarily due to price fall of some...
FE REPORT | 2023-09-11 00:00:00
Phoenix Finance & Investments' losses increased fourfold year-on-year in 2022 due to higher provisioning and shrinking income from the ailing stock market. The publicly traded non-bank financial institution suffered a loss of Tk 1.39 billion in 2022, according to a...
FARHAN FARDAUS and BABUL BARMAN | 2023-09-11 00:00:00
Renata Ltd has received approval for one of its brands to export medicines to Germany. The permission enables its subsidiary company in Europe, Renata Pharmaceuticals Ireland to launch its first brand in Germany - Cabergoletten (Cabergoline 1mg and Cabergoline 2mg),...
FRANKFURT (Germany), Sept 10 (AFP): German factory orders fell more than expected in July, official data showed Wednesday, in the latest setback for Europe's largest economy as it grapples with an industrial slowdown.New orders, closely watched as a sign of...
LONDON, Sept 10 (Reuters): Global industrial production and containerised freight flows remained in the doldrums at the start of the third quarter, confounding predictions earlier in the year for a strong rebound.Manufacturers and distributors in North America and Europe were...
LONDON, Sept 10 (Arab News): Qatar is set to announce a $4 billion investment in UK green energy development through the establishment of a research hub, the Sunday Times reported.The nonprofit Qatar Foundation is providing the funding, with Rolls-Royce supplying...
BEIJING, Sept 10 (Reuters): At least three major Chinese cities last week removed restrictions on home buying, as the Asian giant gradually rolls back a crackdown on the property sector in a bid to revive its economy.Dalian and Shenyang, two...
RIYADH, Sept 10 (Arab News): Saudi Arabia's fiscal prospects are solid in the near term, primarily driven by Vision 2030 which has been steadily diversifying the Kingdom's economy since its launch in 2016, according to the International Monetary Fund. In...
Bangladesh Financial Intelligence Unit (BFIU) organised a training on 'Prevention of money laundering and countering the financing of terrorism' for the officials of all scheduled banks in Kishoreganj District at a convention centre in Kishoreganj recently, with Islami Bank Bangladesh...
Bangladeshi immigrants living in Italy can now send their remittances to any branches of Bengal Commercial Bank without any hassle through National Exchange Company. Bengal Commercial Bank and National Exchange Company S.R.L have signed an agreement to this end recently....
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