LONDON, July 13 (Reuters): Global stocks traded around their highs for the year on Thursday as investors bet that the Federal Reserve was finally taming inflation and could end its rate hiking cycle as soon as this month.US data on...
LONDON/HONG KONG, July 13 (Reuters): HSBC is building up its green finance and bond teams in China to meet surging demand, two sources with knowledge of the matter told Reuters, as Europe's biggest bank presses on with expansion in the...
PepsiCo Inc on Thursday raised its annual revenue and profit forecasts for the second time this year after the snacks and beverages giant comfortably beat quarterly estimates on price hikes and resilient demand, reports Reuters.Shares rose about 2 per cent...
KARACHI, July 13 (Reuters): Pakistan's central bank has received $1.2 billion from the International Monetary Fund as the first tranche of a $3 billion bailout to stabilise the economy, Finance Minister Ishaq Dar said on Thursday, a day after the...
SEOUL, July 13 (Reuters): LG Electronics said on Wednesday it is targeting 100 trillion won ($77 billion) in sales by 2030 and plans some 50 trillion won of investment as the South Korean company announced its future strategy.It plans to...
BEIJING, July 13 (Reuters): China's exports fell last month at their fastest pace since the onset three years ago of the COVID-19 pandemic, as an ailing global economy puts mounting pressure on Chinese policymakers for fresh stimulus measures.Momentum in China's...
The 361st meeting of the Board of Directors of Shahjalal Islami Bank Limited (SJIBL) was held in Dhaka on Wednesday, with Chairman of the Board of Directors Mohammed Younus in the chair. Managing Director and CEO of the bank Mosleh...
Customers of Jiban Bima Corporation can now pay all types of insurance premiums and other fees by using Sonali Bank's internal software Sonali payment gateway. Sonali Bank PLC signed an agreement with Jiban Bima Corporation to this end at the...
A delegation of the Institute of Chartered Accountants of Bangladesh (ICAB) led by its President Md Moniruzzaman called on Rob Whiteman, Chief Executive Officer of the Chartered Institute of Public Finance and Accountancy (CIPFA), UK, in London on Wednesday. Other...
FE REPORT | 2023-07-14 00:00:00
National Tea Company (NTC) has to wait further to issue placement shares worth Tk 2.80 billion until the Appellate Division disposes of a writ petition challenging the move. The Bangladesh Securities and Exchange Commission (BSEC) postponed the subscription since the...
Founder Chairman of the Premier Bank Limited and former member of the parliament Dr HBM Iqbal has been awarded "Bangladesh's Best Bank Chairman 2022" by Singapore-based international business magazine 'AsiaOne'. Premier Bank has also been awarded "Bangladesh's Best Bank 2022"...
Modhumoti Bank recently celebrated a milestone of Modhumoti Agent Banking, having successfully onboarded 300,000+ customers ensuring financial inclusion. The bank hosted a ceremony at its head office, which was followed by a cake-cutting event. Md Shafiul Azam, managing director &...
FE REPORT | 2023-07-14 00:00:00
Square Pharmaceuticals took off from the floor on Thursday after eight months following a disclosure of a business deal that will allow another pharma company to produce some of its products to meet the growing demand. The flagship company of...
MADRID, July 13 (Reuters): Amancio Ortega, the founder of Zara-owner Inditex, has bought a warehouse in Los Angeles for $109 million as part of a continued drive to invest in logistics real estate in the US, his investment firm Pontegadea...
WASHINGTON, July 13 (Reuters): US consumer prices rose modestly in June and registered their smallest annual increase in more than two years as inflation subsided further, but probably not fast enough to dissuade the Federal Reserve from resuming raising interest...
Domino's Pizza on Wednesday said it had entered into a new agreement with Uber that will allow customers to order Domino's products through Uber's food delivery apps, reports Reuters.The company said the agreement allows US customers to order Domino's products...
LONDON, July 13 (Reuters): Britain's economy shrank by less than expected in May despite a bank holiday to mark King Charles' coronation and strikes, suggesting a widely forecast recession caused by high inflation and surging interest rates was not already...
LONDON, July 13 (Reuters): Global public debt surged to a record $92 trillion in 2022 as governments borrowed to counter crises, such as the COVID-19 pandemic, with the burden being felt acutely by developing countries, a United Nations report said.Domestic...
TOKYO, July 13 (Reuters): Japan's Seven & i Holdings, the world's largest convenience store operator, reported a nearly 20 per cent fall in first-quarter operating profit on Thursday.Profit fell to 81.99 billion yen ($590.70 million) for the three months ended...
Billionaire Elon Musk's xAI on Wednesday announced the formation of the artificial intelligence (AI) startup with the launch of its website, unveiling a team made up of engineers who have worked at companies from Alphabet-owned Google to Microsoft and OpenAI,...
BENGALURU, July 13 (Reuters): Tesla is discussing an investment proposal with the Indian government to set up a factory with an annual capacity to produce about half a million electric vehicles, the Times of India reported on Thursday, citing government...
FE REPORT | 2023-07-14 00:00:00
The Dhaka Chamber of Commerce and Industry (DCCI) nominated its former president Abul Kasem Khan as a candidate for the post of a director in the upcoming election of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).Mr. Khan...
Savings trend among the women is gaining momentum, thanks to the convenience of availing monthly savings schemes through bKash app that does not require to go to bank counters or even having any account. Digital savings service has gained huge...
Islami Bank Bangladesh Limited organised the Half-Yearly Business Development Conference of Chattogram North and South, Cumilla, Noakhali, Mymensingh and Sylhet Zones along with two corporate branches of Chattogram city on a virtual platform on Tuesday. Mohammed Monirul Moula, Managing Director...
The first signature store of Aster Pharmacy opened at Banani in Dhaka recently, says a press release. UAE Ambassador in Dhaka Abdulla Ali AlHmoudi formally inaugurated the store. Aster Pharmacy is a leading pharmacy chain in the UAE and India....
Swedish top court blocks extradition of two persons wanted by TurkeySTOCKHOLM, July 13: Sweden's Supreme Court said Thursday it was blocking the extradition of two people wanted by Turkey for involvement in the so-called Gulen movement, a key demand by...
KYIV, July 13 (AP/AFP): Ukrainian officials said air defenses shot down 20 Iranian-made drones fired by Russia mostly at the Kyiv region early Thursday morning, but wreckage fell on four districts of the capital, wounding two people and destroying several...
TEXAS, July 13 (Reuters/BBC): A prolonged heat wave blanketed a swath of the US stretching from California to South Florida on Wednesday, with forecasters expecting temperatures that could shatter records in parts of the Southwest in the coming days.The National...
CALIFORNIA, July 13 (BBC): China-based hackers have gained access to the email accounts of around 25 organisations, including government agencies, Microsoft says.The software giant has not provided details of where the government agencies are based. However, the US Department of...
JAKARTA, July 13 (Reuters): US Secretary of State Antony Blinken met top Chinese diplomat Wang Yi on Thursday on the sidelines of ASEAN meetings in Indonesia's capital, the latest in a series of interactions between the rival superpowers.Wang is representing...
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