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Toronto market posts weekly gain of more than 2pc

2023-07-16 00:00:00

Toronto's main stock index ended slightly lower on Friday but still posted a solid weekly gain as investors eyed US bank earnings reports for signs of health in the US economy, reports Reuters.The Toronto Stock Exchange's S&P/TSX composite index ended...

European sovereign bond funds pull in record $15 billion in second quarter

2023-07-16 00:00:00

LONDON, July 15 (Reuters): Global investors poured a record amount of money into European sovereign bond funds in the second quarter of the year, lured in by high yields and the prospect of interest rate cuts by the European Central...

Emerging market equity fund inflows outpace developed market rivals

2023-07-16 00:00:00

Emerging market equity funds are outpacing developed market rivals in attracting inflows for the first time in three years, underscoring a relatively more favourable growth outlook and expectations of faster rate cuts in many less developed markets, reports Reuters.Refinitiv Lipper...

MTB's head of trade services division contributes to ISBP 831E - ICC, Paris publication

FE Desk | 2023-07-16 00:00:00

ISBP is one of the invaluable companions of UCP 600 for documentary credits business. This publication has been revised, updated, and reviewed periodically to be consistent with international standard banking practices, said a statement. In a recent review of ISBP...

Investors pile into stocks, bonds as 'mission accomplished' on inflation: BofA

2023-07-16 00:00:00

LONDON, July 15 (Reuters): Investors piled into bonds and stocks while shedding cash in the week to Wednesday, according to a report on Friday from Bank of America (BofA) Global Research.The report said this reflected the "end of inflation, end...

A business performance meeting with the branches of zones of Al-Arafah Islami Bank Limited (AIBL)

2023-07-16 00:00:00

A business performance meeting with the branches of zones of Al-Arafah Islami Bank Limited (AIBL) was held at the head office of the bank on Saturday. Managing Director and CEO Farman R Chowdhury presided over the meeting.

Investors brace for earnings from 'Magnificent Seven' US growth giants

2023-07-16 00:00:00

NEW YORK, July 15 (Reuters): A handful of massive growth and technology names that have dominated the US stock market in 2023 are set to report earnings in coming weeks, potentially determining the path for this year's equity rally.Lately dubbed...

Why capital gains in bank, food sectors signify nothing

Mohammad Mufazzal | 2023-07-16 00:00:00

Except for the bank and food sectors, all other major sectors with a large share of the stock market remained almost flat showing no significant growth in value over the last nearly one year. Each of the sectors witnessed 8...

Kadam flower (burflower) blooms during the rainy season. The photo was taken

2023-07-16 00:00:00

Kadam flower (burflower) blooms during the rainy season. The photo was taken from the Ratargul area in Gowainghat upazila of Sylhet district — Focus Bangla

Flood situation deteriorates in B'putra basin

2023-07-16 00:00:00

RANGPUR, July 15 (Agencies): Flood situation deteriorated in the last 24 hours ending at 9 am on Saturday marooning some 63,000 people in low-lying char areas following onrush of huge floodwater from upstream in the Brahmaputra basin.Kurigram district administration officials...

RCC fines two instts for keeping mosquito breeding grounds

2023-07-16 00:00:00

RAJSHAHI, July 15 (BSS): As part of its dengue prevention drive, Rajshahi City Corporation (RCC) has fined two institutions Taka 20,000 for keeping mosquito breeding spots in the city here today.The RCC conducted a mobile court in different parts of...

Aman cultivation begins in Panchagarh

2023-07-16 00:00:00

PANCHAGARH, July. 15 (BSS): Farmers in the district have started cultivation of Aman paddy with much enthusiasm.The farmers are now busy preparing land, transpiring Aman seedling from seed bed and planting of Aman seedling in their respective lands.DAE office sources...

10 killed in Bogura, Barishal, Gazipur, Ishwardi road crashes

2023-07-16 00:00:00

A total of ten people were killed in separate road accidents in Bogura, Barishal, Gazipur and Ishwardi districts road accidents on Saturday, report agencies.In Bogura, five people including a woman and her son were killed in separate road accidents in...

No steps taken to build new bridge even in 7 yrs after damage of old one

OUR CORRESPONDENT | 2023-07-16 00:00:00

SYLHET, July 15: The authorities took no steps to construct a new bridge even in 7 years after the damage of the old one on the Naiadara river in Jogonnathpur upazila under Sunamganj district. About 40,000 inhabitants of the 10...

US sending F-16 fighters to protect ships in Gulf

2023-07-16 00:00:00

WASHINGTON, July 15 (AP): The U.S. is beefing up its use of fighter jets around the strategic Strait of Hormuz to protect ships from Iranian seizures, a senior defense official said Friday, adding that the U.S. is increasingly concerned about...

Wagner fighters completing handover of their weapons

2023-07-16 00:00:00

MOSCOW, July 15 (AP): Russian President Vladimir Putin said that the Wagner private military company "simply doesn't exist" as a legal entity, in comments adding to the series of often bizarre twists that have followed the group's abortive revolt last...

China urges stable ties with India

2023-07-16 00:00:00

JAKARTA, July 15 (Reuters): China's top diplomat Wang Yi told the Indian foreign minister that bilateral ties need to be stabilised, as the two Asian neighbours searched for ways to ease simmering military tensions along their vast border.On the sidelines...

Landslides, floods kill 22 in S Korea

2023-07-16 00:00:00

SEOUL, July 15 (BBC/Reuters): At least 22 people have been killed by deadly flooding in South Korea, as torrential rainfall continues to batter central regions. A third day of downpours triggered landslides and caused a major dam in the central...

Tanzid, Tanzim lead BD A to win over Oman

2023-07-16 00:00:00

Bangladesh A team secured their first victory in the Emerging Asia Cup, crushing Oman by eight wickets at SSC ground in Colombo on Saturday, reports BSS.Pacer Tanzim Hasan Sakib and opener Tanzid Hasan Tamim kept the side's semifinal hopes alive...

Vondrousova becomes first unseeded woman to win Wimbledon in Open era

2023-07-16 00:00:00

LONDON, July 15 (AFP): Marketa Vondrousova became the first unseeded woman to win Wimbledon in the Open era as the Czech swept to a shock 6-4, 6-4 victory over Tunisia's Ons Jabeur in Saturday's final.As the first unseeded woman in...

Bangladesh captain Nigar Sultana and India captain Harmanpreet Kaur posing at the ODI trophy unveiling

2023-07-16 00:00:00

Bangladesh captain Nigar Sultana and India captain Harmanpreet Kaur posing at the ODI trophy unveiling ceremony in the city on Saturday, ahead of their first ODI match today (Sunday) — BCB

If Pakistan doesn't go for World Cup it will be great injustice to fans: Misbah

2023-07-16 00:00:00

KARACHI, July 15 (PTI): Former Pakistan cricket captain Misbah-ul-Haq has advocated for his country's team be allowed to compete in the ODI World Cup in India and added that not sending the side for the mega-event would be "depriving people"...

Tigers eye third successive T20 series victory

2023-07-16 00:00:00

SYLHET, July 15 (BSS): Bangladesh are eyeing third successive series victory in T20 format when they will take on Afghanistan in the second and final match at the Sylhet International Cricket Stadium tomorrow (Sunday).The match will start at 6 pm....

Surging bird flu outbreaks raise human-infection risk, UN agencies warn

2023-07-16 00:00:00

Three UN agencies on Wednesday warned that an ongoing rise in avian flu outbreaks globally raised concerns that the virus might adapt to infect humans more easily, and urged countries to strengthen disease surveillance and improve hygiene at poultry farms,...

Strikes at Britain's Gatwick Airport could hit summer holidays

2023-07-16 00:00:00

LONDON, July 15 (Reuters): Workers at Britain's No.2 airport Gatwick will strike for eight days at the end of July and in early August, potentially causing cancellations and travel misery for thousands of passengers at the busiest time of year...

China wheat output falls after rain damage

2023-07-16 00:00:00

BEIJING, July 15 (Reuters): China's summer wheat output fell 0.9 per cent this year, official data showed on Saturday, the first decline in seven years after heavy rain hit key growing areas just ahead of the harvest.Output in the world's...

Argentina's economic woes spark 'supermarket tourism'

2023-07-16 00:00:00

MONTEVIDEO, July 15 (Reuters): Uruguayans are crossing into Argentina to shop for cheap food and fuel in their economic crisis-hit neighbour, but the trend is plunging businesses near the border into a crisis of their own.Uruguayan supermarket manager Noelia Romero...

Drier, sunny weather boosts Ivory Coast cocoa prospects

2023-07-16 00:00:00

ABIDJAN, July 15 (Reuters): A mix of above-average rain and sunshine in most of Ivory Coast's main cocoa regions last week bodes well for the October-to-March main crop, farmers said.The world's top cocoa producer is in its rainy season, which...

S Arabia imports record Russian fuel oil in June as trade grows

2023-07-16 00:00:00

SINGAPORE, July 15 (Reuters): Saudi Arabia imported record volumes of discounted Russian fuel oil in June, a near 10-fold annual increase to meet summer power generation demand and maintain crude exports despite OPEC+ production cuts, according to traders, analysts and...

Income from short term savings or capitalisation of future income - a better path

Mehdi Rahman | 2023-07-16 00:00:00

The simple equation of financial parameters of human life is to generate income, expend major part thereof to meet needs, and to save the remainder. Savings generate fund for onward investment. Financial intermediaries work on the supply of, and demand...