FE Today Logo

Search results for:


BP to buy Shell's stake in Browse gas project

2023-05-01 00:00:00

SYDNEY, Apr 30 (Reuters): BP has agreed to buy rival giant Shell's 27 per cent stake in the Browse joint venture, expanding its holding in Australia's largest untapped gas resource in a move that could improve the development prospects for...

ROSHN banking on tech to deliver high-quality communities

2023-05-01 00:00:00

RIYADH, Apr 30 (Arab News): Saudi Arabia's national real estate developer ROSHN is banking on advanced technologies to spearhead its goal of delivering modern and aspirational communities in the Kingdom.A relatively new company when compared with its regional peers like...

Cutting ties with China is 'unthinkable', says Mercedes-Benz CEO

2023-05-01 00:00:00

FRANKFURT, Apr 30 (Reuters): Cutting economic ties with China is unrealistic, the chief executive of luxury carmaker Mercedes-Benz told tabloid newspaper Bild am Sonntag, and said attempting to do so would put most of Germany's industry at risk.Europe is trying...

First Republic makes last ditch bid to find rescue deal

2023-05-01 00:00:00

US regulators are trying to clinch a sale of First Republic Bank over the weekend, with roughly half a dozen banks bidding, sources said on Saturday, in what is likely to be the third major US bank to fail in...

Kotak Mahindra Bank beats expectations with 26pc rise in net profit

2023-05-01 00:00:00

MUMBAI, Apr 30 (Reuters): India's Kotak Mahindra Bank on Saturday reported a better-than-expected 26 per cent increase in net profit for the January-March quarter, helped by higher net interest income and strong loan growth.The private lender's standalone net profit, excluding...

Qatar boasts lowest job rate in the world

2023-05-01 00:00:00

RIYADH, Apr 30 (Arab News): The unemployment rate of Qatar has been the lowest in the world, according to popular statistics aggregator Spectator Index. The Twitter account has placed the state at the bottom of a list ranking countries' unemployment...

Singapore should avoid economic contraction, says PM Lee

2023-05-01 00:00:00

SINGAPORE, Apr 30 (AFP): Singapore is expected to post slower economic growth this year but it "should avoid an outright contraction", Prime Minister Lee Hsien Loong said Sunday.The Southeast Asian city-state's economic performance is often seen as a barometer of...

Central bank lays out extent of economic problems

2023-05-01 00:00:00

Sri Lanka's central bank has laid out the extent of the country's worst economic crisis in more than 70 years, reports BBC.In its annual report, the bank outlined how last year wages failed to keep up with the soaring cost...

National Bank inaugurated relocated Satkhira Branch at Molla Tower

2023-05-01 00:00:00

National Bank Limited inaugurated the relocated Satkhira Branch at Molla Tower, Abul Kashem Road, in Satkhira on Sunday. The bank's Vice President & Regional Head of Khulna Md Jalaluddin Pramanik was present as the chief guest at the inaugural ceremony.

Chinese factory activity declines in April

2023-05-01 00:00:00

BEIJING, Apr 30 (Reuters): China's manufacturing activity unexpectedly shrank in April, official data showed on Sunday, raising pressure on policymakers seeking to boost an economy struggling for a post-Covid lift-off amid subdued global demand and persistent property weakness.The official manufacturing...

Govt body recommends continuation of EDF, incentives for export

FE REPORT | 2023-05-01 00:00:00

A high-powered committee of the government has recommended the continuation of the Export Development Fund (EDF) and cash incentive facilities to help sustain the country's export growth. The 9th meeting of the Trade Advisory Committee on Import and Export at...

Foreign, JV investment proposals up 126pc

FE REPORT | 2023-05-01 00:00:00

The volume of foreign and joint-venture (JV) investment proposals, registered with the Bangladesh Investment Development Authority (BIDA) during the January-March period of fiscal 2022-23, rose by more than 126 per cent compared to the corresponding period of the last fiscal.Investment...

97th board meeting of Hajj Finance Company held

2023-05-01 00:00:00

Hajj Finance Company Limited held the 97th meeting of its board of directors recently. Chairman of the company Kazi Rafiqul Alam presided over the meeting. Directors approved several investment proposals in the meeting and also made some policy-related decisions.

Asian spot LNG prices remain at 22-month low on weak demand

2023-05-01 00:00:00

LONDON, Apr 30 (Reuters): Asian spot liquefied natural gas (LNG) prices remained at their 22-month lows on Friday, as demand in China, Japan and South Korea was muted, keeping buyers away from spot market and encouraging continuous flows to Europe.The...

Mohammed Rabiul Hossain inaugurated new premises of Uttara Bank Jashore Branch

2023-05-01 00:00:00

Managing Director & CEO of Uttara Bank Mohammed Rabiul Hossain inaugurated the new premises of the bank's Jashore Branch at Ishak Tower at MK Road in Jashore on Saturday. Executive General Manager Md Rezaul Karim, General Manager (PRD) Md Rabiul...

19th SMT meeting of Sonali Bank held

2023-05-01 00:00:00

The 19th meeting of the Senior Management Team (SMT) of Sonali Bank Limited was held at the bank's Head Office on Sunday, with SMT Chairman and CEO & Managing Director of Sonali Bank Md Afzal Karim in the chair. Deputy...

Push to maintain balance between environment and industrialisation

FE REPORT | 2023-05-01 00:00:00

Business leaders at a workshop called for maintaining a balance between the environment and industrialisation in order to achieve sustainable development.They also emphasized the need for government incentives to promote environment-friendly industrialisation. They also urged global buyers to pay fair...

Messi drops subtle hints of moving to Saudi Arabia

2023-05-01 00:00:00

Lionel Messi is set to leave PSG in the summer and has been linked with former club Barcelona, along with MLS side Inter Miami.Messi has been linked with a move to Saudi Arabia in recent months since long-time rival Cristiano...

Man City's Haaland equals Premier League goal record

2023-05-01 00:00:00

LONDON, Apr 30 (AFP): Erling Haaland equalled the Premier League's single-season goal record as the Manchester City striker netted for the 34th time this term in Sunday's clash with Fulham.Haaland converted a third minute penalty at Craven Cottage to move...

Raza helps Punjab down Chennai in last-ball IPL thriller

2023-05-01 00:00:00

CHENNAI, India, Apr 30 (AFP): Zimbabwe batsman Sikandar Raza helped Punjab Kings pull off a stunning chase to edge out Chennai Super Kings by four wickets in a last-ball Indian Premier League thriller on Sunday.Chasing 201 for victory, Liam Livingstone...

Monaco's Champions League hopes take a hit

2023-05-01 00:00:00

MONACO, Apr 30 (AP): Arnaud Nordin notched two goals and an assist as Monaco's hopes of qualifying for the Champions League took a hit after a 4-0 loss to Montpellier in the French league on Sunday.Fourth-place Monaco occupies the Europa...

Int'l cricket matches in Rajshahi in the offing after 13 years

2023-05-01 00:00:00

RAJSHAHI, Apr 30 (BSS): The international cricket matches are going to be held in Rajshahi city within the near future after a long 13-year gap.In the matches scheduled to be held from May 11, the hosts Bangladesh U 19 cricket...

Benzema scores hat-trick in Madrid win

2023-05-01 00:00:00

BARCELONA, Spain, Apr 30 (Agencies): Karim Benzema scored a first-half hat trick to lead Real Madrid to a 4-2 win over Almeria in a Spanish league game that included an injury scare for forward Vinícius Júnior on Sarturday.Benzema is the...

Sk Russel will face Rahmatganj in 4th quarterfinal tomorrow

2023-05-01 00:00:00

Sheikh Russel Krira Chakra will face Rahmatganj Muslim Friends Society in the 4th and last quarterfinal of the Federation Cup Football' 2022-23 tomorrow (Tuesday), reports UNB.The match will kick off at 3:15 pm at the Bir Shrestha Fl Lt Matiur...

Four killed as bus hits auto in Tangail

2023-05-01 00:00:00

TANGAIL, Apr 30 (UNB): Four people including two schoolgirls were killed and two others injured when a bus hit an auto-rickshaw at Baghil in Dhanbari upazila of Tangail district on Sunday.The deceased were identified as Roshni Akter, daughter of Kalam...

A farmer busy harvesting water spinach

2023-05-01 00:00:00

A farmer busy harvesting water spinach at his field. The photo was taken from Bhakurta union of Savar— Focus Bangla

Fall in Kaptai Lake water level hits power generation

NAZIMUDDIN SHYAMOL | 2023-05-01 00:00:00

CHATTOGRAM Apr 30: Power generation is being severely hampered due to drastic fall in water level of Kaptai Lake in Rangamati district caused by the prevailing drought-like situation.Besides, comke munication and business activities here are also facing hindrance due to...

Lightning strikes kill four in Pabna, Netrakona

2023-05-01 00:00:00

A total of four people died after being struck by lightning in separate incidents in Pabna and Netrakona districts on Saturday, report agencies.In Pabna, three people died after being struck by lightning in different areas of Pabna district on Saturday.The...

Run-down rly quarters in Lalmonirhat pose fatal risks for residents

OUR CORRESPONDENT | 2023-05-01 00:00:00

LALMONIRHAT, Apr 30: Several hundred families from different professions are living in ramshackle railway quarters across the Lalmonirhat Railway Division, despite the risks to their safety. Most of the families are not railway employees and have taken up residence in...

News in Brief (2023-5-01)

2023-05-01 00:00:00

Chinese who reported on COVIDto be released after 3 yearsHONG KONG, Apr 30: Chinese authorities were preparing Sunday to release a man who disappeared three years ago after publicizing videos of overcrowded hospitals and bodies during the COVID-19 outbreak, a...