HONG KONG, July 10 (Reuters): Alibaba Group and Tencent shares rose in Hong Kong on Monday as China's $984 million fine for Ant Group was viewed as signalling the end of a regulatory crackdown on the country's technology sector.After the...
LONDON, July 10 (Reuters) - The value of top cryptocurrency bitcoin could reach $50,000 this year and $120,000 by the end of 2024 Standard Chartered said on Monday, predicting the recent jump in its price could encourage bitcoin "miners" to...
SEOUL, July 10 (Reuters): South Korea's financial services regulator has asked major commercial banks to prepare around $4 billion in financing to support a credit cooperative hit by customer withdrawals, two banking sources familiar with the matter said on Monday.An...
Rajshahi Krishi Unnayan Bank (RAKUB) organises a performance evaluation and view-exchange meeting with the Zonal Managers of the bank at its head office in Rajshahi on Monday. Managing Director of the bank Niranjan Chandra Debnath presided over the meeting. RAKUB...
Asian Paints in collaboration with ActionAid Bangladesh has recently organised a campaign called 'Bring Colours of Happiness by Painting Happy Home'. And the donations raised from the campaign were handed over to ActionAid. Nazmul Huda Naim, Head of Marketing and...
The state-owned Karmasangsthan Bank has achieved a rare success in reducing its classified loans. In financial year (FY) 2022-23, the classified loans of the bank stood at Tk 901.7 million (Tk 90 crore 17 lakh), which is only 2.72 per...
Walton's Advance Technology Solution (ATS) Department is going to host the country's first-ever mega industrial expo titled 'International Advanced Components and Technology Expo-2023', says a press release. The three-day ATS Expo-2023 will begin at the International Convention Centre Bashundhara in...
FE REPORT | 2023-07-11 00:00:00
While corporate shareholders of Islami Bank Bangladesh are selling off their entire holdings, institutional and foreign investors are grabbing these shares in the block market. Three corporate shareholders of the bank sold off their stakes last month. Among them, Uniglobe...
Dr Tanveer Ahmad has been elected as the vice chairman of Islami Bank Bangladesh Limited, according to a statement.He completed his MBBS in 2009 from the University of Science and Technology Chittagong and obtained a Doctor of Medicine degree in...
MOHAMMAD MUFAZZAL | 2023-07-11 00:00:00
Victims of embezzlement of stock brokers have not received any benefit from the Investors' Protection Fund of the Dhaka Stock Exchange (DSE) even after it was brought under the demutualisation scheme in 2014. The fund has been left unused and...
LONDON, July 10 (Reuters): Queensland Sugar Limited said the first shipment of raw sugar to Britain under the free trade agreement between the two countries was loaded in the port of Townsville on Monday.Under the Australia-United Kingdom Free Trade Agreement,...
BANGKOK, July 10 (Reuters): Thailand's Siam Motors partnered with Nissan Motors in 1962 with a factory that rolled out four cars a day, leading to a profitable, decades-long relationship with Japanese companies that transformed it from a car dealer to...
LONDON, July 10 (Reuters) - British online supermarket and technology group Ocado said on Monday its first robotic warehouse in Asia, built for Japanese partner Aeon, has gone live.The warehouse, or customer fulfilment centre (CFC) as Ocado calls them, has...
SHANGHAI, July 10 (Reuters): General Motors Co on Monday cut the starting price for the Cadillac Lyriq in China by almost 14%, joining Volkswagen in a new round of electric vehicle price reductions in a market where global automakers are...
BEIJING/SHANGHAI, July 10 (Reuters): China's passenger vehicle sales fell in June, data from the China Passenger Car Association (CPCA) showed on Monday.Car sales in June totalled 1.91 million units, down 2.9 per cent from last year, CPCA data showed. It...
FE REPORT | 2023-07-11 00:00:00
Dhaka is pressing Kuala Lumpur to resume negotiation for signing the proposed free trade agreement (FTA) between Bangladesh and Malaysia to further boost bilateral ties, sources said.The Ministry of Commerce has written to Malaysian authority concerned through the Ministry of...
First Security Islami Bank Limited inaugurated the Refreshers' Training Course at the FSIBL Training Institute recently with a view to building skilled human resources for providing better banking services. Muhammad Mustafa Khair, Additional Managing Director of the bank, inaugurated the...
Nagad, the fastest-expanding mobile financial service in the world, has reached a milestone of 80 million customers. Such a quick onboarding of customers in only four years of its journey is really a great achievement, says a press release. Nagad...
RAJSHAHI, July 10 (BSS): Construction work of the Bangabandhu Sheikh Mujib Hi-tech Park along the mind-blowing bank of the mighty river Padma in Rajshahi is at the final stage.Aimed at establishing knowledge-based industries through ensuring area wise development, the park...
Without a single sales contract in hand, Dutch fertilizer company OCI is building a $1 billion plant in Texas to produce ammonia with low greenhouse gas emissions, a gamble requiring heavy government subsidies, new markets and a contingency plan, reports...
Gold was little changed on Monday as investors awaited US inflation data that could influence the Federal Reserve's policy stance, while palladium prices dropped below the $1,200-per-ounce level for the first time since December 2018, reports Reuters.Spot gold was steady...
MUMBAI, July 10 (Reuters): A steeper-than-expected surge in the prices of vegetables, especially tomatoes, over the past few weeks could push India's retail inflation towards 5.5 per cent in the July-September quarter, at least three economists said.The country's inflation eased...
LONDON, July 10 (Reuters): Oil prices dipped on Monday after weak economic data from top consumers the United States and China, though expected crude supply cuts from Saudi Arabia and Russia limited losses.Brent crude futures fell 19 cents, or 0.2...
LEEDS, July 10 (AFP): Australia captain Pat Cummins insisted all options remained open as he refused to rule out dropping struggling opener David Warner for the finale of the Ashes series.Left-handed opener Warner has signalled his intention to retire from...
There is rolling out the red carpet, and then there is David Beckham painting a huge mural of Lionel Messi in tribute to soccer's biggest star joining his MLS team, according to British daily newspaper The Daily Mail.Victoria Beckham shared...
BARCELONA, July 10 (AFP): PSG goalkeeper Sergio Rico issued a message of gratitude on Sunday as he continues his recovery from a traumatic brain injury.The 29-year-old is still receiving treatment at the Virgen del Rocio hospital in Seville, where he...
TEHRAN, July 10 (AFP): Women in Iran, who have long been barred from attending football matches except for rare occasions, will be allowed into stadiums during the upcoming season, a top official said Sunday."This year, one of the prominent features...
LONDON, July 10 (AFP): Madison Keys fought back from a set and 4-1 down to end Mirra Andreeva's hopes of becoming the youngest Wimbledon quarter-finalist in 26 years on Monday.The 18th-ranked American came through against the 16-year-old Russian 3-6, 7-6...
Bangladesh vowed to come all guns blazing to avoid whitewash at the hands of Afghanistan when they will take on the visitors for the third and final ODI at Zahur Ahmed Chowdhury Stadium in Chattogram today (Tuesday), reports BSS.The match...
Xi says Russia and China should 'lead global governance reform'BEIJING, July 10: China and Russia need to "lead the correct direction of global governance reform", according to Chinese President Xi Jinping, who hailed the two countries' partnership at a meeting...
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