SINGAPORE/LONDON, Aug 28 (Reuters): Investors looking for clues about the state of China's economy beyond official data are seeing red warnings flash across a range of informal gauges, prompting many to back out of global assets exposed to the slowdown.The...
An investigation of India's Adani group by the market regulator has uncovered violations of rules on disclosures by listed entities and limits on the holdings of offshore funds, two sources with direct knowledge of the matter said, reports Reuters.The Securities...
SAN FRANCISCO, Aug 28 (Reuters): Tesla Inc is set to defend itself for the first time at trial against allegations that failure of its Autopilot driver assistant feature led to death, in what will likely be a major test of...
BEIJING, Aug 28 (Agencies): US Commerce Secretary Gina Raimondo opened talks with Chinese government officials on Monday saying it is "profoundly important" the world's two largest economies have a stable economic relationship.Raimondo is looking to boost business ties as US...
ANKARA/LONDON, Aug 28 (Reuters): Turkey's latest massive interest rate hike has caught the attention of long-sceptical foreign investors who say they could return to Turkish assets if authorities continue to demonstrate that a return to orthodox monetary policy is underway.The...
The Infrastructure Development Company Limited (IDCOL) in collaboration with the Quantum Foundation organised a series of enlightening sessions titled 'Total Fitness Seminar' at the IDCOL head office on August 24 and 27, aiming to promote overall health and mental awareness...
Bangladesh Insurance Association (BIA) has recently organised a discussion and doa mahfil at the International Mother Language Institute in the city on the occasion of the National Mourning Day. Secretary of the Financial Institutions Division Sheikh Mohammad Salim Ullah was...
Janata Bank Limited organised a business review meeting at its Staff College in the city on Saturday. Managing Director (MD) and CEO of the bank Md Abdul Jabbar was present as the chief guest while its DMD Md Kamrul Ahsan...
From the small investor aid fund, the Investment Corporation of Bangladesh (ICB) handed over a cheque for Tk 280 million to AIBL Capital Market Services Ltd at ICB head office on Monday. Md Anwar Shamim, general manager of ICB, Md...
Ahmed Shaheen, additional managing director and head of corporate banking of Eastern Bank Limited (EBL), and Imran Karim, vice chairman of Confidence Group, officially launched a co-brand payroll debit card for the employees of Confidence Group on Monday. Khalid Islam,...
IFIC Bank has won the 'Bangladesh Fintech Award - 2023' for its contribution to innovative services in the country's Financial Technology (FinTech) sector. The award was accorded to IFIC Bank in the "FinTech Innovation of the Year - Bank" category....
As a part of observing its month-long programmes on the occasion of the National Mourning Day and to pay tribute to Father of the Nation Bangabandhu Sheikh Mujibur Rahman, Bangamata Sheikh Fazilatunnesa Mujib and other martyrs on 15 August, Southeast...
CFA Society Bangladesh, the local member society of CFA Institute, hosted an event in Dhaka recently to recognise the Top Employers of CFA Charter holders of the country for the first time, says a press release. The CFA Institute is...
FE REPORT | 2023-08-29 00:00:00
A five-day training course on 'Knowledge transfer to improve agricultural productivity' was kicked off in the capital on Monday. The National Produ-ctivity Organisation (NPO) and the Asian Productivity Organisation (APO) jointly arranged the event attended by 24 delegates from Cambodia,...
FE REPORT | 2023-08-29 00:00:00
Midland Bank will invest its remaining IPO fund of Tk 46.74 million in government securities in November.The investment plan goes in line with the lender's initial public offering (IPO) proposal earlier approved by the securities regulator.The bank will seek approval...
FE REPORT | 2023-08-29 00:00:00
Intraco Refueling Station has reached an advanced stage for merger with its three subsidiaries in a bid to lessen tax burden. The boards of Intraco and the subsidiaries -- M. HYE & Co. CNG Refueling Station Limited, Nessa & sons...
BERLIN, Aug 28 (Reuters): Germany's governing coalition has agreed on a new basic child benefit allowance at an initial cost of around 2.4 billion euros ($2.6 billion) from 2025.Chancellor Olaf Scholz of the centre-left SPD, family minister Lisa Paus of...
HONG KONG, Aug 28 (Reuters): China Evergrande Group, the world's most-indebted property developer, on Sunday reported a narrower net loss for the first half of the year, thanks to a rise in revenue.Evergrande said its January-June loss was 33 billion...
MUMBAI, Aug 28 (Reuters): The Indian rupee rose on Monday, but higher near-maturity US Treasury yields were expected to limit the upside for the currency.The rupee was at 82.61 against the US dollar by 10:35 a.m. IST, compared with 82.6475...
ONE Bank Limited signed an agreement with Sarah Resort Limited recently. Ahmad Raquib, General Manager of Sarah Resort, and Md. Kamruzzaman, Head of Retail Banking of ONE Bank, signed the agreement whereby OBL Debit, Credit & Prepaid Card holders will...
Unilever Bangladesh Limited (UBL), the country's leading Fast-Moving Consumer Goods (FMCG) company, and Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA), jointly organised a national seminar titled 'Innovation for Plastic Circularity' in Dhaka recently.Dr. Colin Kerr, Head of Packaging Excellence...
Walton Plaza, the largest sales and distribution network of electronics, electrical and ICT products in Bangladesh, has provided more than Tk 3.2 million in financial assistance to 119 families on the death of hire-purchase customers and any member of their...
BRAC Bank has once again secured a 'B+' credit rating with a 'stable' outlook, as affirmed by the renowned US-based credit rating institution, S&P Global Ratings, says a press release.Despite the recent Banking Industry Country Risk Assessment (BICRA) for Bangladesh...
SHANGHAI, Aug 28 (Reuters): Chinese automaker BYD said on Monday its electronics unit has struck a deal with US-based manufacturer Jabil Inc to buy its mobile electronics manufacturing business in China for 15.8 billion yuan ($2.2 billion).The deal will expand...
Asian Development Bank (ADB) will provide Bangladesh USD$300 million to enhance the skills of labour force, create more employment and elevate remittance, reports UNB.A loan agreement was signed between the Bangladesh government and the ADB at ERD in the capital...
NEW YORK, Aug 28 (Reuters): The dollar edged up to a nine-month high against the Japanese yen on Monday but dipped against a basket of currencies after Federal Reserve Chair Jerome Powell on Friday left open the possibility of further...
LONDON, Aug 28 (Reuters): Oil rose on Monday after China took steps to bolster its flagging economy, though investors remained worried about the pace of growth as well as further US interest rate hikes that could dampen demand.China halved stamp...
The Postharvest Technology Division of Bangladesh Agriculture Research Institute (BARI) and New Vision Solutions Ltd., Dhaka organised a workshop on 'Postharvest technologies and marketing of jackfruit for income generation to attain food and nutrition security' at the seminar room of...
Climate activists target jets, yachts and golf instring of global protests against luxuryBARCELONA, Aug 28: Climate activists have spraypainted a superyacht, blocked private jets from taking off and plugged holes in golf courses this summer as part of an intensifying...
NEW DELHI, Aug 28 (BBC): Authorities in India's Uttar Pradesh state have sealed a private school after its teacher asked students to slap their Muslim classmate. Officials said Neha Public School was shut down as it "did not meet the...
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