LONDON, Aug 4 (Reuters): Global gold demand excluding over-the-counter (OTC) trading fell 2 per cent year-on-year to 920.7 metric tons in the second quarter of 2023 as central banks slowed their purchases and consumption by the technology sector remained soft,...
BENGALURU, Aug 4 (Reuters): Mahindra and Mahindra on Friday posted an estimate-beating 98 per cent jump in first-quarter profit, boosted by strong sales of its pricier sport-utility vehicles (SUVs).The results for Mahindra -- India's second-largest SUV maker by volume --...
WASHINGTON, Aug 4 (Reuters): The US economy added fewer jobs than expected in July, but solid wage gains and a decline in the unemployment rate back to 3.5 per cent pointed to continued tightness in labour market conditions.The Labour Department's...
FE Report | 2023-08-05 00:00:00
A Russian firm is interested to export more than a dozen varieties of juice and beverage items to Bangladesh aiming to expand its footprint in the developing country's market.The company named Sunfruit LLC, in a letter, has requested the commerce...
Rajshahi Krishi Unnayan Bank (RAKUB) has launched the iOS version of its e-banking mobile app which enables individuals to open bank accounts from home using e-KYC, as well as conduct QR Code-based transactions without cheques. Secretary of the Financial Institutions...
KHULNA, Aug 4 (BSS): For the first time in the history of Mongla Port, a container ship with 8.5-metre draft docked at the port on Thursday. The Singapore flag carrier 'MV Maersk Nusantara' arrived at the jetty No. 9 of...
PARIS, Aug 4 (Reuters): The United Nations food agency's world price index rebounded in July from two-year lows as vegetable oil markets rose following renewed tensions over grain exports from Ukraine and concerns over global production.The Food and Agriculture Organization's...
Asia-Pacific markets were mixed on Friday as rising bond yields continue to put pressure on equities in the wake of the US credit downgrade, reports CNBC.IG market analyst Tony Sycamore noted the yield on the US 30-year bond rose by...
Global money market funds attracted massive inflows in the week to Aug. 2 as investors sought safer assets amid a US credit downgrade and weak economic data from the euro zone and China, reports Reuters.Investors poured in a net $67.52...
Amazon.com surged over 9 per cent on Friday on signs that both its growth engines, e-commerce and cloud-computing, were faring well in an uncertain economy, helping shield the broader market from Apple's 2.5 per cent slide after gloomy iPhone sales,...
FE REPORT | 2023-08-05 00:00:00
Fu-Wang Food topped the turnover chart for the fifth straight week to Thursday, as small-cap companies continued to dominate the transaction chart on the Dhaka Stock Exchange (DSE).The ten most-traded firms, mostly small-ones, accounted for almost 30 per cent or...
FE REPORT | 2023-08-05 00:00:00
The stock market extended the losing streak for the second consecutive week as the risk-averse investors continued their sell-offs amid rising political tension.The investors reduced their market exposure in the outgoing week amid rising interest rates while uncertainties regarding the...
Chance discovery helps fight against malariaLONDON, Aug 04: Scientists have found a naturally occurring strain of bacteria which can help stop the transmission of malaria from mosquitoes to humans. They found it by chance, after a colony of mosquitoes in...
MOSCOW, Aug 04 (AFP): Russia's defence ministry said early on Friday that it had thwarted overnight Ukrainian attacks on a naval base in the Black Sea and the Crimean peninsula."Tonight, the Armed Forces of Ukraine, with the use of two...
LOS ANGELES, Aug 04 (AFP): Two serving members of the US Navy have been arrested on suspicion of spying for China, the Department of Justice said Thursday.The men are suspecting of selling secret information to Beijing that included manuals for...
The oceans have hit their hottest ever recorded temperature as they soak up warmth from climate change, with dire implications for our planet's health, report BBC.The average daily global sea surface temperature beat a 2016 record this week, according to...
TULKARM, West Bank, Aug 04 (Reuters): Israeli forces shot dead an 18-year-old Palestinian during a raid in the occupied West Bank on Friday, the Palestinian Health Ministry said, amid one of the deadliest periods of violence in the area in...
ROME, Aug 04 (AFP): Italian far-right Prime Minister Giorgia Meloni and her sister Arianna Meloni both filed defamation suits this week, the former against British rock band Placebo, the latter against a newspaper cartoonist.Meloni, founder and head of the post-fascist...
WASHINGTON, Aug 04 (BBC): Former US President Donald Trump has pleaded not guilty in a Washington DC court to conspiring to overturn his 2020 election defeat.During a short arraignment, he spoke softly to confirm his not-guilty plea, name and age,...
NEW DELHI, Aug 04 (AFP): India's top court on Friday suspended the defamation conviction of Rahul Gandhi, a decision that could pave the way for the senior opposition politician to return to parliament after his disqualification.Gandhi, 53, was sentenced to...
SEOUL, Aug 04 (Arab News): North Korea on Friday criticized a US weapons aid package to Taiwan, state media reported on Friday, accusing the United States of driving tensions in the region to "another ignition point of war."The United States...
Soma Dhar and Tapan Sarker | 2023-08-05 00:00:00
Bangladesh is experiencing a higher level of inflation at the moment. Higher inflation lowers the standard of living and the people need to earn more money to retain the same standard of living.The rise in prices of goods and services...
Gold prices rose on Friday after a slightly weaker-than-expected US jobs report pushed the dollar and Treasury yields lower, offering some respite to bullion, reports Reuters.Nonfarm payrolls increased by 187,000 jobs last month, the Labor Department said in its closely...
TOKYO, Aug 4 (Reuters): Nippon Steel, Japan's top steelmaker, posted a 23 per cent drop in net profit in the first quarter of the 2023/2024 fiscal year, but raised its full-year forecast by 8 per cent on higher-than-expected margins amid...
MEXICO CITY, Aug 4 (Reuters): Costa Rica coffee producers exported 33.3 per cent fewer beans in July than a year earlier, the coffee institute ICAFE said, hit by logistical shipment issues.The Central American country exported 101,673 60-kg bags in July,...
LONDON, Aug 4 (Reuters): Oil prices were on track for a sixth week of gains after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through September.Brent crude futures for October edged 33 cents...
JAKARTA, Aug 4 (Reuters): Flag carrier Garuda Indonesia said on Tuesday it is testing jet fuel mixed with palm oil in the engines of one of its Boeing aircraft, amid efforts to cut emissions in the aviation sector.Indonesia, the world'...
PARIS, Aug 4 (Reuters): Chicago wheat climbed nearly 3 per cent on Friday after a Ukrainian drone attack near the Russian Black Sea export hub of Novorossiysk rekindled fears of war disruption to global supplies.Corn and soybeans also rose, tracking...
England batsman Alex Hales has announced his retirement from international cricket at the age of 34, drawing the curtain on a controversial career on Friday, reports Reuters.The right-hand batsman, who played 11 Test matches, 70 One-Day Internationals and 75 Twenty20s...
Winning four successive top-flight titles has proved beyond any team or manager in the history of English football but if any club can break new ground it is Manchester City, reports Reuters.Fuelled by the wealth of their Abu Dhabi owners,...
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