CARACAS/MADRID/NEW YORK, June 15 (Reuters): Small funds and investors outside the United States are looking to increase their exposure to Venezuelan bonds, on the expectation of debt renegotiations or of legal action tied to a looming expiry of repayment rights,...
Tesla's record 13-day streak of gains finally came to an end on Wednesday, as the stock closed down just a smidgen after a stretch that saw the US automaker add more than $200 billion to its value, reports Reuters.During the...
LONDON, June 15 (Reuters): World stocks slipped from 18-month peaks and the dollar pushed higher on Thursday as traders readied for what is expected to be the eighth straight rate hike from the European Central Bank (ECB) later.Europe's groggy start...
Social Islami Bank Limited opened five agent banking outlets on a virtual platform from its head office on Thursday. Zafar Alam, managing director and CEO, inaugurated the outlets as the chief guest while Mohammad Forkanullah, deputy managing director, presided over...
Aftabul Islam and Kashfi Kamal have been re-elected chairman and vice-chairman of Asia Pacific General Insurance Company Limited respectively for the next term, said a press release.They were re-elected unanimously at the company’s board meeting held in the city on...
Meena Bazar, one of the leading retail chains in Bangladesh, has launched three new outlets at Uttara-3, Uttara-4 and Nazimuddin Road, according to a statement.The outlets were inaugurated on Thursday.The Uttara-3 and Uttara-4 are its 24th and 25th outlets whereas...
Chinese company Mingda (Bangladesh) New Material Company Ltd is going to invest US$ 76.41 million in BEPZA Economic Zone (EZ) for producing diversified products, reports BSS.It is the highest amount of proposed investment from a single company that has signed...
FE REPORT | 2023-06-16 00:00:00
The Dhaka bourse on Thursday posted a two-month low turnover as many investors adopted cautious moves following the market's downward trend in the previous four sessions. The turnover was recorded at 4.65 billion, a 35.7 per cent decline from the...
SAN FRANCISCO, June 15 (Reuters): Alphabet Inc is cautioning employees about how they use chatbots, including its own Bard, at the same time as it markets the programme around the world, four people familiar with the matter told Reuters.The Google...
FRANKFURT, Germany, June 15 (AFP): The German economy will contract in 2023, two leading economic institutes said Thursday, revising down earlier forecasts after persistently high inflation contributed to a weaker-than-expected start to the year.Europe's largest economy is expected to shrink...
WASHINGTON, June 15 (AFP): Retail sales in the United States grew at a slower pace in May but still came in stronger than expected, according to government data released Thursday, on the back of falling gas station sales.The data point...
FRANKFURT, June 15 (Reuters) - The European Central Bank raised borrowing costs to their highest level in 22 years on Thursday and left the door open to more hikes, extending its fight against inflation that remains stubbornly high even as...
AMSTERDAM, June 15 (Reuters): Uber said on Thursday it will shut its food delivery business in Italy and exit Israel, where it has not built sufficient market share.The moves were "in line with our efforts to focus on markets where...
Institute of Chartered Secretaries of Bangladesh (ICSB), a statutory body under Chartered Secretaries Act -2010, will celebrate its silver jubilee and the 13th Enactment Day today (Friday), says a press release.The purpose of the event is to recognise the best...
Unilever said on Wednesday it is set to acquire frozen yogurt brand Yasso Holdings in North America, adding to its roster of premium ice-cream brands like Ben & Jerry's, Magnum, and Talenti, reports Reuters.The consumer goods giant said its acquisition...
Rupali Bank Limited Managing Director and CEO Mohammad Jahangir presides over a view-exchange meeting on the Right to Information Act 2009 at the head office of the bank in the city on Tuesday
The 855th meeting of the Executive Committee (EC) of Shahjalal Islami Bank Limited (SJIBL) was held at the Corporate Head Office of the bank on Wednesday. The meeting was presided over by Chairman of the committee Akkas Uddin Mollah. The...
Janata Capital and Investment Limited (JCIL), a subsidiary company of Janata Bank Limited, held its 13th Annual General Meeting at the JCIL board room on Tuesday. Chairman of the company Dr SM Mahfuzur Rahman presided over the AGM. Its Chief...
To foster environmental sustainability in Chattogram and address the urgent challenges of climate change, the Hongkong and Shanghai Banking Corporation Limited (HSBC) and The Chittagong Chamber of Commerce & Industry (CCCI) jointly organised the 'Together for Climate' initiative on Wednesday,...
Standard Chartered has rolled out a wide array of exclusive offers for its customers for Eid-ul-Azha celebrations.Standard Chartered has partnered with leading retail, travel and dining brands to offer its customers a wide range of special privileges catering to their...
Islami Bank Hospital and Cardiac Centre, Mirpur was inaugurated on Tuesday, says a press release. Yousif Abdullah Al-Rajhi, Vice Chairman, Islami Bank Bangladesh Limited and Islami Bank Foundation, inaugurated the hospital as the chief guest. Dr Tanveer Ahmad, Vice Chairman...
FE REPORT | 2023-06-16 00:00:00
Informal trade in South Asia (SA) has been estimated at around 50 per cent of the formal trade within the region, said an official of the World Bank (WB) on Wednesday."Trade cost in the South Asian nations is 27 per...
Gold slid to a near three-month low on Thursday as the dollar strengthened after the U.S. Federal Reserve signalled it could implement more interest rate hikes this year, reports Reuters.Spot gold was 0.6 per cent lower at $1,931.29 per ounce...
PARIS, June 15 (Reuters): Strategie Grains has lowered its monthly forecasts for this year's European Union wheat, barley and maize crops because of adverse weather, including dryness in Spain and northern Europe, the French consultancy said.The reduced harvest outlook could...
MOSCOW, June 15 (Reuters): The Kremlin said on Thursday it saw no positive prospects when it came to renewing the Black Sea grain deal given that parts of the accord affecting Russia remained unfulfilled, but said it had not yet...
The 10th Annual General Meeting (AGM) of Union Bank Limited was held on a digital platform on Thursday, with Vice-Chairman of the bank Mollah Fazle Akbar in the chair. Directors and Shareholders of the bank participated in the meeting. Managing...
LONDON, June 15 (Reuters): Oil prices rose on Thursday as the dollar weakened and data showed a jump in refinery runs in top crude importer China, though a weak economic backdrop capped gains.Brent crude futures were up $1.16, or 1.58...
MANILA, June 15 (AFP): A magnitude 6.2 earthquake struck the Philippines on Thursday, the US Geological Survey said, as local authorities warned of aftershocks and possible damage.The earthquake struck at a depth of 124 kilometres (77 miles) at around 10:00...
Taiwanese minister seeks Europe's support to maintain peace, stabilityPRAGUE, June 15: Taiwan needs support from European countries to help maintain peace in the self-governed island and in the Indo-Pacific region, its foreign minister said Wednesday. Foreign Minister Joseph Wu said...
MANDVI, June 15 (AFP): Howling gales and crashing waves pounded the coastline of India and Pakistan on Thursday, hours before the landfall of a powerful cyclone that has prompted mass evacuations.More than 175,000 people have fled the predicted path of...
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