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London stocks gain on mining boost

2023-07-04 00:00:00

British shares rose on Monday as mining stocks gained on higher metal prices and other Chinese-exposed companies firmed on hopes of more policy support from Beijing, while AstraZeneca dropped after the drugmaker reported some adverse event in a trial, reports...

Faruk Ahammad promoted to UCB DMD

FE Desk | 2023-07-04 00:00:00

Faruk Ahammad, a prominent banker, has recently been promoted to the position of deputy managing director at United Commercial Bank, according to a press release. Prior to the promotion, he was the senior executive vice president and chief financial officer...

Inactive users bring DSE app subscriptions down 40pc in FY23

Mohammad Mufazzal | 2023-07-04 00:00:00

DSE mobile app users declined 40 per cent year-on-year to 46,622 in FY23 amid the suspension of registration of new subscribers as registered users became inactive in the bearish market. Alongside the number of subscribers, transactions through the app also...

IFIC Bank has opened three new branches in Meherpur, Nilphamari and Lalmonirhat recently. IFIC Bank's

2023-07-04 00:00:00

IFIC Bank has opened three new branches in Meherpur, Nilphamari and Lalmonirhat recently. IFIC Bank's Meherpur branch was inaugurated by Md Azizul Islam, deputy commissioner and district magistrate of Meherpur. The Nilphamari branch was inaugurated by SM Sofiqul Alam Dablu,...

EBL wins Best Domestic Bank award for 3rd year straight

2023-07-04 00:00:00

FE DeskEastern Bank Limited (EBL) has been honoured with the prestigious 'Bangladesh's Best Domestic Bank 2023' award, bestowed by the esteemed financial and management publication Asiamoney. EBL has clinched this accolade for the third consecutive year, as mentioned by a...

Navana Pharma eyes profit boost from capacity expansion

FE REPORT | 2023-07-04 00:00:00

Navana Pharmaceuticals has decided to go for increasing production capacity of the existing facilities with the IPO proceeds, instead of building new manufacturing units, so it can meet the rising demand for its high-end drugs.Construction of new buildings will take...

Pakistan inflation eases for first time in seven months

2023-07-04 00:00:00

ISLAMABAD, July 3 (AFP): Pakistan's headline inflation eased for the first time in seven months in June, figures released Monday showed, a bright spot for a beleaguered government that must call an election this year.Year-on-year inflation was 29.4 per cent...

Jamuna Bank organised a daylong 'Town Hall Meeting' of Rajshahi Zone in Bogura recently, aiming to

2023-07-04 00:00:00

Jamuna Bank organised a daylong 'Town Hall Meeting' of Rajshahi Zone in Bogura recently, aiming to strengthen customer service and expand banking services. Chairman of the bank Md Saidul Islam was present as the chief guest at the event attended...

Mercosur summit opens as EU trade deal hangs in the balance

2023-07-04 00:00:00

BRASÍLIA, July 03 (AFP): The South American trade bloc Mercosur opens a two-day summit Monday with a deal with the European Union on the agenda, but few expect leaders to reach consensus on how to fulfill EU demands on environmental...

Standard Bank appoints new independent director

2023-07-04 00:00:00

AKM Delwer Hussain, FCMA has been appointed as an independent director of Standard Bank Limited. The Board of Directors of the bank unanimously approved his appointment at its 374th meeting held recently, says a press release.Mr. Hussain completed his graduation...

BRAC Bank marks 6th anniversary of 'TARA'

2023-07-04 00:00:00

BRAC Bank marked a significant milestone as it celebrated the sixth anniversary of its pioneering women's banking initiative, known as 'TARA.'This initiative has revolutionized the landscape of women's banking in the country by offering a wide array of banking solutions...

Ctg customs sets record in revenue collection in FY23

2023-07-04 00:00:00

Nazimuddin ShyamolCHATTOGRAM, July 03: The Chattogram Custom House has achieved a significant milestone by collecting a record Tk 61,464.72 crore revenue in FY23. This represents a 3.90 per cent increase compared to the previous fiscal year. While Chattogram customs still...

News in Brief(2023-07-04)

2023-07-04 00:00:00

Eight-yr old raped, killed in RajshahiRAJSHAHI, July 03 (UNB): The body of an 8-year-old girl was recovered from a pond in Chotobon Gram area on Monday with signs of rape after she was kidnapped from her house in Rajshahi city....

Bumper production of Binatil-2 variety in Gopalganj, Rajbari

2023-07-04 00:00:00

GOPALGANJ, July 03 (BSS): Gopalganj and Rajbari districts saw bumper production of high yielding sesame of Binatil-2 variety with medicinal properties, developed by Bangladesh Institute of Nuclear Agriculture (Bina) this season.Saurabh Adhikari, scientific officer of Gopalganj Bina sub-centre office of...

Jhalakathi oil tanker blast toll hits three

2023-07-04 00:00:00

Rescuers have recovered the bodies of two more crew members following the explosion on the Sagar Nandini-2 oil tanker in Jhalakathi, taking the death toll from the disaster to three, reports benews24.com.The bodies were found in a piece of the...

Lightning strikes kill three in Chapainawabganj

2023-07-04 00:00:00

CHAPAINAWABGANJ, July 03 (UNB): Three people, including two farmers, were killed in separate lightning strikes in Chapainawabganj's Sadar, Gomostapur and Bholahat upazilas on Monday.The deceased were identified as Omar Ali, 52, a farmer from Sadar upazila's Jamtala area, Shariful Islam,...

N'ganj DND waterlogging inflicts suffering on locals

2023-07-04 00:00:00

NARAYANGANJ, Jul 03 (UNB): The recent spells of torrential rain have triggered waterlogging in the Dhaka-Narayanganj-Demra (DND) embankment area as always, inflicting sufferings on local people.The anger and frustration of the residents of the area keep growing as the authorities...

Putin to address Shanghai bloc

2023-07-04 00:00:00

NEW DELHI, July 03 (AFP): India on Tuesday hosts the Shanghai Cooperation Organisation (SCO), with Iran expected to join the Asian grouping and Russian President Vladimir Putin addressing his first summit since a short-lived mutiny, officials said.Chinese state media reported...

Biden's upcoming European trip meant to boost NATO

2023-07-04 00:00:00

WASHINGTON, July 03 (AP): President Joe Biden will head to Europe at week's end for a three-country trip intended to bolster the international coalition against Russian aggression as the war in Ukraine extends well into its second year.The main focus...

Tensions ease on France's streets, arrests down

2023-07-04 00:00:00

PARIS, July 03 (Reuters/AFP): Fewer than 160 people were arrested in overnight in connection to riots that have rocked cities across France following the killing of a teenager by a police officer, the interior ministry said on Monday.The relative calm...

Ukraine claims limited gains in 'difficult' combat

2023-07-04 00:00:00

KYIV, July 03 (AFP): Ukraine on Monday reported making gains in the south and east over the past week in difficult fighting to dislodge Moscow's heavily entrenched forces.While Russia's security service (FSB) said it had foiled an assassination attempt on...

Gold slips as stronger dollar dents appeal

2023-07-04 00:00:00

Gold fell on Monday as a stronger dollar dented the metal's appeal, with investors awaiting US non-farm payrolls data and minutes of the latest Federal Reserve meeting due later this week for clues on US monetary policy, reports Reuters.Spot gold...

Brussels looks to relax curbs on genetically modified crops

2023-07-04 00:00:00

BRUSSELS, July 3 (AFP): The European Commission will on Wednesday put forward a proposal to ease current restrictions on genetically modified (crops, which is already being denounced by environmental groups and leftwing lawmakers.The plan could create a new frontline in...

Australian coal earnings expected to plummet

2023-07-04 00:00:00

SYDNEY, July 3 (AFP): Australia on Monday predicted its coal exports will halve in value over the next two years, as prices fall and consumers look to alternative sources of energy.The Department of Industry forecast shipments of thermal coal-used in...

Saudi Arabia, Russia deepen oil cuts, sending prices higher

2023-07-04 00:00:00

DUBAI, July 3 (Reuters): Saudi Arabia and Russia, the world's biggest oil exporters, deepened oil cuts on Monday, sending prices higher despite concerns over a global economic slowdown and possible further interest rate hikes from the US Federal Reserve.Saudi Arabia...

All we're thinking about is winning 3-2: Stokes

2023-07-04 00:00:00

England captain Ben Stokes said there would be no change in his team's approach to the Ashes despite losing the second Test by 43 runs against Australia at Lord's on Sunday and going 2-0 down in the five-Test series, reports...

BCB rewards Shakib, Taskin, Liton for choosing national team over IPL

2023-07-04 00:00:00

The Bangladesh Cricket Board (BCB) rewarded three cricketers-Shakib Al Hasan, Liton Das and Taskin Ahmed, to value the national team commitment over Indian Premier League (IPL) with a total of USD 65,000.Terming it just a small gesture on BCB's part,...

National football team return home

2023-07-04 00:00:00

Bangladesh national football team returned home on Monday following the Bangabandhu SAFF Championship in Bengaluru, India.Bangladesh showed impressive performance in the SAFF by reaching semifinal after fourteen years, reports BSS.Bangladesh, who won the championship in 2003, started their campaign losing...

Tigers, Afghanistan see ODIs as good World Cup preparation

2023-07-04 00:00:00

CHATTOGRAM, July 03 (AFP): Afghanistan's and Bangladesh's teams said Monday their one-day international series will be ideal preparation ahead of the Asia Cup and World Cup.The three-match series will begin in Chittagong on Wednesday, with Afghanistan looking for their first...

PM lauds Argentina's WC winning goalkeeper Martinez

2023-07-04 00:00:00

FIFA World Cup-2022 winning Argentine team goalkeeper Emiliano Martinez on Monday paid a courtesy call on Prime Minister Sheikh Hasina at her office in the city, reports UNB. During the meeting, the PM appreciated the Argentine footballer for his performance...