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Global shares rise, but dollar sags ahead of inflation data

2023-05-09 00:00:00

SYDNEY, May 8 (Reuters): Global shares edged up in light trading on Monday, ahead of US inflation data this week that could prove instrumental in setting expectations for the outlook for monetary policy.The dollar came under pressure as a deadline...

Regulator approves Savar Refractories' exit plan

FE REPORT | 2023-05-09 00:00:00

Savar Refractories reached an advanced stage of its exit plan of purchasing shares back from institutions and general shareholders.The Bangladesh Securities and Exchange Commission (BSEC) on Sunday gave its consent in principal. The company's offer price of Tk 95.52 per...

Dilwar H Choudhury re-elected Bank Asia audit committee chairman

FE DESK | 2023-05-09 00:00:00

Dilwar H Choudhury has been re-elected as the chairman of Board Audit Committee of Bank Asia Limited at a meeting of the board of directors held recently, said a statement.Mr Choudhury had been a career banker with 35 years of...

Peninsula Chittagong in the red in July-Mar FY23

FE REPORT | 2023-05-09 00:00:00

The Peninsula Chittagong's profit dropped 37.5 per cent year-on-year to Tk 5.93 million in January-March of the current financial year mainly for higher cost of sales.As a result, the earnings per share came down to Tk 0.05 in the third...

LafargeHolcim's profit doubles in Q1, bolstering leadership in cement industry

FE REPORT | 2023-05-09 00:00:00

LafargeHolcim's profit more than doubled year-on-year to Tk 1.91 billion in the first quarter through March, backed by what it said is new products and innovative building material solutions.The sales revenue also jumped 37 per cent year-on-year to Tk 8.54...

Oil climbs almost 3pc

2023-05-09 00:00:00

SINGAPORE, May 8 (Reuters): Oil rose almost 3.0 per cent on Monday as US recession fears eased and some traders took the view that crude's recent price slide was overdone with three straight weekly declines for the first time since...

India govt panel proposes ban on diesel 4-wheeler vehicles by 2027

2023-05-09 00:00:00

NEW DELHI, May 8 (Reuters): India should ban the use of diesel-powered four-wheeler vehicles by 2027 and switch to electric and gas-fuelled vehicles in cities with more than a million people and polluted towns in order to cut emissions, an...

Gold claws back on softer dollar

2023-05-09 00:00:00

Gold rose on Monday as the dollar eased, with bullion regaining ground after a sharp retreat in the previous session ahead of inflation data that could shed light on the outlook for U.S. interest rates, reports Reuters. Spot gold rose...

Emirates to double its cargo capacity in next decade

2023-05-09 00:00:00

Emirates SkyCargo, the freighter division of Emirates airline, has added two Boeing 747-400Fs to its freighter fleet, showing its strong confidence in the global cargo market in a current environment of volatility, says a press release.The airline is expecting 15...

Mahbub Alam promoted to BB director

FE DESK | 2023-05-09 00:00:00

Additional Director of Bangladesh Bank (BB) Mohammad Mahbub Alam, who is working at the Bangladesh Financial Intelligence Unit (BFIU), has recently been promoted to director of the central bank.He started off his career at the Bangladesh Bank as an Assistant...

Probashi Kallyan Bank Training Institute arranged two-day long training workshop

2023-05-09 00:00:00

Probashi Kallyan Bank Training Institute arranged a two-day long training workshop titled 'Developing Leadership Excellence in Bank Officials' at the head office of the bank in Dhaka recently. Secretary of the Financial Institutions Division Sheikh Mohammad Salim Ullah inaugurated the...

Md Abdul Jabbar inaugurated 30-day foundation training course

2023-05-09 00:00:00

Managing Director and CEO of Janata Bank Limited Md Abdul Jabbar inaugurated a 30-day foundation training course on Sunday, organsied by Janata Bank Staff College, Dhaka. Some 50 officers are taking part in the course.

ONE Bank arranged a daylong training

2023-05-09 00:00:00

ONE Bank Limited recently arranged a daylong training on 'Prevention of Money Laundering & Combating Financing of Terrorism' at a hotel in Bogura for the executives and officers of the bank's Rajshahi Zone. Mohammad Rafiqul Islam, Executive Director, Bangladesh Bank,...

BKB teamed up with money transfer company Western Union, launching API Payment service

2023-05-09 00:00:00

Bangladesh Krishi Bank has teamed up with money transfer company Western Union, launching its API Payment service at the bank's Head Office on Monday. Under this service, remittance sent by expatriate Bangladeshis through Western Union can be easily withdrawn from...

HSBC reaches deal to buy out China fund partner

2023-05-09 00:00:00

HONG KONG, May 8 (Reuters): HSBC has agreed to buy out its China fund management joint venture partner, two people familiar with the matter said, as the Asia-focused bank pushes ahead with expansion in the world's second-largest economy.HSBC, which currently...

BRAC Bank again gets 'AAA' credit rating

2023-05-09 00:00:00

BRAC Bank again received the highest credit rating 'AAA' from Bangladesh's most prominent agency -- Credit Rating Agency of Bangladesh (CRAB) -- showing its solid financial strength and stability, says a press release. CRAB has reaffirmed 'AAA' for long-term and...

BTTC identifies supply chain anomalies

REZAUL KARIM | 2023-05-09 00:00:00

The Bangladesh Trade and Tariff Commission (BTTC) has identified anomalies in the supply chain by sugar refiners, which led to an artificial crisis of crystal sugar on the local market.It has already sent a report on the findings to the...

SLC, BCB back BCCI on moving Asia Cup 2023 out of Pakistan

2023-05-09 00:00:00

RAWALPINDI, May 08 (Geo Tv): The cricket boards of Sri Lanka and Bangladesh (SLC and BCB) have reportedly backed the Board of Control for Cricket in India (BCCI) over moving this year's Asia Cup out of Pakistan. Moreover, the sources...

Haaland set to pocket £5m bonuses if Man City win EPL, UCL, FA Cup

2023-05-09 00:00:00

Manchester City striker Erling Haaland could be in line for bonuses worth more than £5 million if his record-breaking season continues along the same path, according to the British daily newspaper The Sun.The Norwegian frontman broke the Premier League's all-time...

Messi returns to PSG training six days after suspension

2023-05-09 00:00:00

PARIS, May 08 (AFP): Lionel Messi returned to training with Paris Saint-Germain on Monday six days after Argentina's World Cup-winning captain was suspended for going on an unauthorised trip to Saudi Arabia."Leo Messi returns to training Monday morning," tweeted the...

Pakistan beat Bangladesh to secure 2-0 lead

2023-05-09 00:00:00

Pakistan U-19 secured a comprehensive 78-run victory over Bangladesh U-19 in the second Youth ODI of their tour at Zahur Ahmed Chowdhury Stadium in Chattagram on Monday, reports UNB.Bangladesh won the toss and elected to bowl first.Pakistan's Azan Awais played...

Bashundhara play Mohammedan in first semifinal today

2023-05-09 00:00:00

League champions Bashundhara Kings will meet traditional black and whites Dhaka Mohammedan SC Limited in the first semifinal of the Federation Cup Football' 2022-23 today (Tuesday) at 3:15 pm at the Sheikh Fazlul Haque Moni Stadium in Gopalganj, reports UNB.In...

Tigers look to keep winning spree against Ireland

2023-05-09 00:00:00

Bangladesh are looking forward to work on their combination for the upcoming world cup and at the same time keep their winning momentum going when they will take on Ireland in the three-match series opener at Chelmsford in England today...

News in Brief (2023-05-09)

2023-05-09 00:00:00

Airstrikes rock Sudan as trucetalks yield no breakthroughKHARTOUM, May 08: Air strikes again shook Sudan's capital Monday while the latest truce talks in Jeddah have yielded no progress, with a Saudi diplomat saying both sides consider themselves "capable of winning...

Pak man killed for ‘blasphemy’

2023-05-09 00:00:00

PESHAWAR, May 08 (AP): Rallygoers for a political party in Pakistan beat to death a participant for allegedly making a blasphemous speech, police said Sunday.Local police officer Iqbal Khan said Maulana Nigar Alam, 40, was killed Saturday night by demonstrators...

Russia launches mass strikes on Ukraine

2023-05-09 00:00:00

KYIV, May 08 (Reuters): Russia launched a large-scale wave of strikes on Kyiv and across Ukraine sowing destruction and injuries, officials said early on Monday, as Moscow prepares for its cherished Victory Day holiday that marks the anniversary of its...

China seeks 'new fields' of coop with Pak military

2023-05-09 00:00:00

BEIJING, May 08 (Reuters): China's defence minister on Monday told Pakistan's navy chief that their militaries including their navies should "expand into new fields of cooperation" to bolster the capability of the two neighbours in safeguarding security in the region.Ties...

Opposition denounces fairness of vote under Erdogan

2023-05-09 00:00:00

ISTANBUL, May 08 (AP): As Turkey heads for presidential and parliamentary elections at the weekend that are shaping up to be the strongest challenge to President Recep Tayyip Erdogan in his 20 years as leader, complaints are growing about the...

Leaders of main political parties campaign extensively

2023-05-09 00:00:00

NEW DELHI, May 08 (BBC): Leaders of India's main political parties have been campaigning extensively in the southern state of Karnataka which goes to the polls on Wednesday.Prime Minister Narendra Modi has led an intense campaign, addressing 17 public rallies...

7 killed in car ramming at Texas bus stop

2023-05-09 00:00:00

BROWNSVILLE, May 08 (AFP): At least seven people were killed Sunday in south Texas and several others injured when a car plowed through a group waiting at a bus stop outside a migrant aid center, police said.Law enforcement said they...