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Most Gulf markets fall as Chinese data disappoints

2023-08-17 00:00:00

Most stock markets in the Gulf fell in early trading on Wednesday, tracking oil prices and Asian shares lower as more disappointing Chinese economic data and the absence of meaningful stimulus from Beijing continued to weigh on investor sentiment, reports...

ICB to offload holdings worth Tk 3b for re-investment in stocks

MOHAMMAD MUFAZZAL | 2023-08-17 00:00:00

The state-run Investment Corporation of Bangladesh (ICB) is looking for buyers to sell Tk 3 billion worth of its holdings in listed securities for the purpose of reinvestment in the stock market. If buyers are available, share transactions will be...

DBBL to launch subsidiaries to gain foothold in ‘bond market business’

FE REPORT | 2023-08-17 00:00:00

Dutch-Bangla Bank Ltd (DBBL) has decided to establish two fully-owned subsidiaries -- a merchant bank and a brokerage house to boost its involvement in the capital market.The capital market will generate good business in future with a vibrant bond market,...

The Zatiq story of financial intermediary innovations

SABIT IBTISAM ANAN | 2023-08-17 00:00:00

When the founder of Zatiq, Sultan Moni, came to Bangladesh, he faced a problem all of us face routinely but seldom think much about. He had to pay for almost everything in cash. Being a non-resident Bangladeshi, he couldn't open...

Sustainable projects by youths of JCI Dhaka Cosmopolitan

FE YOUTH DESK | 2023-08-17 00:00:00

Unemployment is a crucial problem in rural areas due to a lack of opportunities, facilities, and infrastructure. Following the Covid-19 pandemic, a number of people in many regions of Bangladesh lost their jobs and were unable to find a source...

Reimagining future of product management in BD

Tahseen Nower Prachi | 2023-08-17 00:00:00

"Every life-altering decision is made at a crossroads, in a battle of head and heart, comfort and passion. My journey to creating my own legacy was no exception as well. I had to choose one path: follow in my brave...

Bangladesh seeks greater FDI flow from Singapore

2023-08-17 00:00:00

Terming Singapore an important investor country, Foreign Secretary Masud Bin Momen has sought a greater flow of foreign direct investment (FDI) from Singapore, particularly in the economic zones of Bangladesh, for mutual benefit.The bilateral trade issues were discussed at the...

Southeast Bank placed wreath at memorial of Bangabandhu

2023-08-17 00:00:00

Southeast Bank Limited placed a wreath at the memorial of Bangabandhu Sheikh Mujibur Rahman at its Head Office in Dhaka on Tuesday to mark the National Mourning Day. Managing Director of the bank Nuruddin Md. Sadeque Hossain and other high...

Re-classify ship recycling industry as ‘orange’: Ship-breakers

FE REPORT | 2023-08-17 00:00:00

Ship-breakers and recyclers on Wednesday urged the government to re-categorise the ship recycling industry (SRI) as 'orange' from the current 'red' classification.The traders are incurring huge losses due to such categorisation as they need two more months to get required...

Gold prices steady -----

2023-08-17 00:00:00

Gold was little changed on Wednesday as investors stayed on the sidelines ahead of the release of the minutes from the Federal Reserve's July policy meeting, although higher bond yields kept bullion prices near six-week lows, reports Reuters.Spot gold was...

Little change in oil prices

2023-08-17 00:00:00

LONDON, Aug 16 (Reuters): Oil prices were little changed on Wednesday as investors weighed worries about China's embattled economy against expectations of tighter supply in the United States.Brent crude futures edged up 10 cents to $84.99 a barrel by 1325...

US import prices rebound in July, trend remains soft

2023-08-17 00:00:00

WASHINGTON, Aug 16 (Reuters): US import prices rebounded more than expected in July amid higher costs for petroleum products and food, but underlying imported inflation pressures remained muted.Import prices increased 0.4 per cent last month, the Labor Department said on...

News in Brief-(2023-08-17)

2023-08-17 00:00:00

'Drunk' California judge shot wife with one of his 47 gunsLOS ANGELES, Aug 16: A California judge charged with drunkenly killing his wife with a gun he kept in an ankle holster allegedly texted a colleague after the shooting to...

US soldier fled because of racism in army, says N Korea

2023-08-17 00:00:00

SEOUL, Aug 16 (BBC): North Korea has said US soldier Travis King crossed into its territory last month because of "inhuman maltreatment and racial discrimination" in the army.The 23-year-old private dashed across the border from South Korea on 18 July...

Libyan factions pause battle with 27 dead

2023-08-17 00:00:00

TRIPOLI, Aug 16 (Reuters): Two powerful armed factions battled in Libya's capital on Tuesday in the city's worst violence this year, but the deadly clashes calmed after one side released a commander whose detention had triggered the fighting.A Tripoli health...

Russia hits Ukrainian grain depots

2023-08-17 00:00:00

KYIV, Aug 16 (AP): Russia resumed its targeting of grain infrastructure in Ukraine's southern Odesa region, local officials said Wednesday, using drones in overnight strikes on storage facilities and ports along the Danube River that Kyiv has increasingly used for...

US, Iran trying to revive broader talks

2023-08-17 00:00:00

NEW YORK, Aug 16 (Reuters/AP): US is pushing Iran to stop selling armed drones to Russia as part of discussions on a broader unwritten understanding between Washington and Tehran to de-escalate tensions, the Financial Times said on Wednesday, citing people...

Pakistan pacer Riaz retires from int'l cricket

2023-08-17 00:00:00

LAHORE, Pakistan, Aug 16 (AFP): Pakistani fast bowler Wahab Riaz announced his retirement from international cricket on Wednesday, three years after playing his last match for the country.The 38-year-old left-armer said he felt it was the right time to draw...

Ben Stokes in World Cup squad after ending retirement

2023-08-17 00:00:00

LONDON, Aug 16 (AFP): Ben Stokes has reversed his decision to retire from one-day internationals ahead of England's defence of their 50-over men's World Cup title in India.Test captain Stokes quit the ODI format 13 months ago due to a...

England beat Australia to set up final with Spain

2023-08-17 00:00:00

SYDNEY, Aug 16 (AFP): Lauren Hemp and Alessia Russo did the damage late on in Sydney as England shattered Australian dreams Wednesday with a clinical 3-1 win to set up a Women's World Cup final against Spain.The Lionesses had stumbled...

Abahani advance to play-off stage

2023-08-17 00:00:00

Six times Bangladesh Premier League (BPL) champions Dhaka Aba-hani Limited advanced to the play-off stage of the AFC Cup Football' 2023-24 eliminating Club Eagles of the Maldives by 2-1 goal in a preliminary round match at the Sylhet District Stadium...

DMP arrests 32 for consuming, selling drugs

2023-08-17 00:00:00

As part of the anti-drug drives in the capital, the members of the Dhaka Metropolitan Police (DMP) have arrested 32 people on charges of selling and consuming drugs during the last 24 hours till 6am on Wednesday, reports BSS.According to...

Woman stabbed to death by 'brother-in-law over land dispute'

2023-08-17 00:00:00

FARIDPUR, Aug 16 (UNB): A 43-year-old woman was stabbed to death allegedly by her brother-in-law over a land dispute at Kamalapur Lal Intersection in Faridpur district town on Tuesday.The deceased was identified as Mazeda Parvin, wife of Raza Mia of...

Khasru for planting trees to maintain ecological balance

2023-08-17 00:00:00

NETRAKONA, Aug 16 (BSS): State Minister for Social Welfare Ashraf AliKhan Khasru on Wednesday called for planting more saplings of fruit-bearing, timber and herbal trees to keep ecological balance, protecting bio-diversity and meeting the demand of nutrition and wood."Let us...

Off-season watermelon brings Narail farmers windfall profits

2023-08-17 00:00:00

NARAIL, Aug 16 (UNB): Farmers in Narail district saw profits multiply up to six times from production of off-season watermelons in Kalia upazila, thanks to the local agricultural department officials who introduced the high-yielding variaety of the succulent fruit in...

Preserving weaving industry

2023-08-17 00:00:00

We have a rich history of weaving. Handlooms occupied a special place as a cottage industry not only in Bangladesh but also in foreign trade during the pre-British period. The weavers acquired their unique skills reflected through their work passed...

Ensuring safe train travel

2023-08-17 00:00:00

Trains are considered economical and safe transportation across the globe. But frequent accidents, snatching and stone-pelting at trains have made train travel unsafe and dangerous in Bangladesh. The latest incident occurred recently when the Karnaphuli Commuter train, departing from Chattogram,...

Overhauling medical college entry test

Imam Hossain | 2023-08-17 00:00:00

With the help of leaked question papers, hundreds of students got admitted to medical colleges through 10 admission tests held between 2001 and 2017 and they are now working as registered physicians. The Criminal Investigation Department (CID) of the police...

Afghanistan: hungry, desolate and forgotten

Syed Badrul Ahsan | 2023-08-17 00:00:00

Two years ago this month, the United States suddenly decided to bring its presence in Afghanistan to an end and have its soldiers go home. Over the next few days, Washington's allies followed suit. At the presidential palace in Kabul,...

RMG value addition shows the way

2023-08-17 00:00:00

A jump of 11.59 per cent in value addition to 65.97 per cent for the country's main export earner ready-made garment (RMG) in the last fiscal year (FY) is sure to make all concerned ecstatic. Value addition to RMG hovering...