FE Today Logo

Search results for:


COP28 summit: some interesting aspects

Muhammad Zamir | 2023-12-18 00:00:00

The COP 28 UN Climate Change Conference that took place in Dubai this year from November 30 to December 12 has resulted in some interesting observations. As in the past, the COP summit constituted a platform for the global community...

Do they get the support they need?

ARAFAT ARA | 2023-12-16 12:00:00

When Rita Begum (not her real name) returned home to Bangladesh, her brother asked her to leave his house. Since she was a widow and had no parents, she had nowhere to go. Homelessness and economic crisis made her helpless.Before...

Makeshift holiday market

2023-12-16 12:00:00

As the cold weather tightens its grip, customers are swarming makeshift holiday market in front of Motijheel Ideal School and College in the city on Friday to buy warm clothes — FE photo

No more than 7 seats for allies, says Quader

FE REPORT | 2023-12-16 12:00:00

Awami League (AL) General Secretary Obaidul Quader has ruled out possibility of sharing more than seven seats with its 14-party political allies in the 12th parliamentary elections, scheduled for January 7 next. "…we (AL) have informed them (allies) that 'boat'...

Victory Day today -

2023-12-16 12:00:00

The nation is set to celebrate the Victory Day, the most precious occasion in the country, today as Bangladesh was liberated from the Pakistani occupation forces this day 52 years back after a nine-month War of Liberation, reports BSS.On December...

The battle of resistance at Kalurghat

HELAL UDDIN AHMED | 2023-12-16 00:00:00

The Battle of Resistance at Kalurghat of Chittagong, officially now Chattogram, was one of the first battles that took place between the Pakistani army and the freedom fighters of Bangladesh from 26 March to 11 April in 1971. The Pakistani...

The end of the rope

A Qayyum Khan | 2023-12-16 00:00:00

In the third week of October, the United Nations General Assembly (UNGA) session ended. Fifty five out of one hundred and seventeen nations that made presentations referred to the 'East Pakistan' crisis. The Soviet Union, New Zealand, Mongolia, Sweden and...

Bangladesh: the idea and the ethos

Syed Badrul Ahsan | 2023-12-16 00:00:00

It is Victory Day we celebrate today, fifty two years after the liberation of the land. It is the three million martyrs we remember, the 200,000 persecuted Bengali women we do not forget. It is the guerrillas of the Mukti...

Russian central bank raises key rate to 16pc

2023-12-16 00:00:00

MOSCOW, Dec 15 (AFP): Russia's central bank on Friday raised its key interest rate to 16 per cent, announcing a fifth hike since summer in a bid to fight accelerating inflation.The central bank has been grappling with the economic fallout...

Euro zone records trade surplus in Oct

2023-12-16 00:00:00

BRUSSELS, Dec 15 (Reuters): The euro zone turned from trade deficit to surplus in October, non-adjusted data showed on Friday, as imports of energy in particular declined in value from a year earlier.The European Union statistics office Eurostat said the...

Investors retreat from global bond funds on caution

2023-12-16 00:00:00

WASHINGTON, Dec 15 (Reuters): Investors pulled back sharply from global bond funds in the seven days through Dec. 13, amid caution ahead of the US Federal Reserve's monetary policy decision and uncertainty over the timing of rate cuts.Investors withdrew a...

Sri Lanka's economy returns to growth, led by agriculture

2023-12-16 00:00:00

COLOMBO, Dec 15 (Reuters): Sri Lanka's economy grew by 1.6 per cent in the quarter from July to September, official data showed on Friday, as the country claws its way back from its worst financial crisis in more than seven...

China to run budget gap of 3pc of GDP in 2024

2023-12-16 00:00:00

BEIJING, Dec 15 (Reuters): Chinese leaders agreed at an annual meeting on the economy this week to run a budget deficit of 3 per cent of gross domestic product in 2024, three sources with knowledge of the matter said, while...

Asian shares race to four-month peak

2023-12-16 00:00:00

SYDNEY, Dec 15 (Reuters): Asian shares jumped to a four-month peak on Friday as sharp declines in the dollar and US yields extended a Federal Reserve-fuelled rally, but pushback on rate cuts from central banks in Europe could deal a...

UCB, Blackboard Strategies sign MoU

2023-12-16 00:00:00

United Commercial Bank PLC (UCB) and Blackboard Strategies, a concern of the Asiatic 3Sixty, on Thursday signed a memorandum of understanding (MoU) under which the latter will act as a strategic communication partner of the former.

Loss-making Central Pharma's stock surges 70pc in a month

FE REPORT | 2023-12-16 00:00:00

The stock price of Central Pharmaceuticals surged more than 70 per cent in just a month to Thursday on the Dhaka Stock Exchange (DSE) even though there are no reasons for investors to raise bet on the stock of the...

Stocks gain for second week amid sell-offs

FE REPORT | 2023-12-16 00:00:00

Stocks extended the winning streak for the second consecutive week to Thursday, as bargain hunters piled into small-cap stocks based on rumour in hopes of quick gain.Still, overall market sentiment remained subdued as cautious investors opted for profit-booking sell-offs, with...

Rupee to see dollar selloff undermined by 'customary' sale orders

2023-12-16 00:00:00

MUMBAI, Dec 15 (Reuters): The Indian rupee was expected to be little changed on Friday amid more losses for the US dollar and likely orders to sell the local currency.Non-deliverable forwards indicate the rupee will open broadly unchanged from 83.33...

Saudi Nov inflation reaches 1.7pc

2023-12-16 00:00:00

RIYADH, Dec 15 (Arab News): Saudi Arabia experienced a subtle shift in its inflation rate in November, reaching 1.7 per cent, slightly higher than the 1.6 per cent recorded in October, according to official data. The latest report from the...

Yellen urges China to shift from state-driven economic policy

2023-12-16 00:00:00

WASHINGTON, Dec 15 (AFP): US Treasury Secretary Janet Yellen called Thursday for China to shift from a state-driven approach in economic policy, saying the model can discourage investors."Too strong a role for state-owned enterprises can choke growth, and an excessive...

US identifies use of AI as risk in financial system

2023-12-16 00:00:00

WASHINGTON, Dec 15 (AFP): US regulators have identified the use of artificial intelligence as a vulnerability in the financial system for the first time, according to a report released on Thursday.There is a need to monitor "rapid developments in AI,...

India will buy oil from Venezuela: minister

2023-12-16 00:00:00

NEW DELHI, Dec 15 (Reuters): India will buy Venezuelan oil as some refiners in the country have the capability to process heavy crude oil, Oil Minister Hardeep Singh Puri said on Friday.Indian refiners have already resumed Venezuelan oil purchases, with...

Xi says Chinese modernisation will benefit US firms: state media

2023-12-16 00:00:00

BEIJING, Dec 15 (AFP): China's leader Xi Jinping said Chinese modernisation will benefit US firms, state media reported Friday, in a letter sent to mark the 50th anniversary of a committee on China-US trade.The letter was published as US Treasury...

COP28 fails to regulate the Wild West of carbon credits

2023-12-16 00:00:00

PARIS, Dec 15 (AFP) : Two weeks of relentless negotiating at COP28 failed to produce an agreement on carbon credit sales, relieving non-profits that had opposed the proposals on the table while stoking fears the regulatory void could escalate greenwashing.Just...

EO Bangladesh holds 7th AGM

FE REPORT | 2023-12-16 00:00:00

The 7th Annual General Meeting (AGM) of Entrepreneurs' Organi-zation (EO) Bangladesh was held on December 13 at Lakeshore Hotel in Dhaka.Md Zia Uddin, President of EO Bangladesh and Managing Director of Pristine Chem Ltd, presided over the meeting, according to...

Gold touches 10-day high

2023-12-16 00:00:00

SINGAPORE, Dec 15 (Reuters): Gold prices touched a 10-day high on Thursday as the US dollar and Treasury yields slipped after the Federal Reserve signalled an end to its monetary policy tightening cycle.Spot gold rose 0.4 per cent to $2,034.31...

752 Saudi Arabia's electricity, gas supply activities surge 32.2pc

2023-12-16 00:00:00

LONDON, Dec 15 (Arab News): Oil prices rose on Friday, on track to notch their first weekly rise in two months after benefiting from a bullish forecast from the International Energy Agency on oil demand for next year and a...

China still the top dog in commodities

2023-12-16 00:00:00

LAUNCESTON, Dec 15 (Reuters): For the past two decades the mantra in commodities has largely been if you build it, China will buy it.That's still somewhat true, and the world's biggest importer of natural resources remains a colossus.But the nature...

LATAM Airlines expects record earnings, higher traffic in 2024

2023-12-16 00:00:00

MEXICO CITY, Dec 15 (Reuters): LATAM Airlines projected on Thursday record earnings for next year of between $2.6 billion and $2.9 billion as passenger numbers grow and it reduces its debt load after coming out of bankruptcy last year.The expected...

Oil prices on track for first weekly rise in two months

2023-12-16 00:00:00

LONDON, Dec 15 (Reuters): Oil prices rose on Friday, on track to notch their first weekly rise in two months after benefiting from a bullish forecast from the International Energy Agency (IEA) on oil demand for next year and a...