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Indian shares extend winning streak ahead of RBI rate decision

2023-06-08 00:00:00

BENGALURU, June 7 (Reuters): Indian shares advanced on Wednesday, extending gains to the fourth consecutive session, aided by consumer goods, metals and realty stocks ahead of the Reserve Bank of India's monetary policy decision.The blue-chip Nifty 50 index was up...

China's state media urge patience as market clamours for property stimulus

2023-06-08 00:00:00

BEIJING, June 7 (Reuters): China's support measures for its beleaguered property market will need "some time" to make an impact, a state-run newspaper cautioned on Wednesday, as investors laid bets on near-term stimulus to revive the sector.The commentary by Economic...

British stocks slip on homebuilders, chemicals drag

2023-06-08 00:00:00

Britain's main stock indexes slipped on Wednesday as shares of homebuilders dipped on dismal domestic housing prices data, while speciality chemicals group Croda International dropped to the bottom of the benchmark FTSE 100, reports Reuters.The resource-heavy FTSE 100 edged 0.1...

Saudi, Qatar bourses rise in early trade, oil weighs on other markets

2023-06-08 00:00:00

Stock markets in Saudi Arabia and Qatar rose in early trade on Wednesday ahead of a widely expected interest rate hike pause by the US Federal Reserve, although other major markets were subdued on falling oil prices, reports Reuters.Most Gulf...

US tightens crackdown on crypto with lawsuits against Coinbase, Binance

2023-06-08 00:00:00

NEW YORK, June 7 (Reuters): The top US securities regulator sued cryptocurrency platform Coinbase on Tuesday, the second lawsuit in two days against a major crypto exchange, in a dramatic escalation of a crackdown on the industry and one that...

Global housing outlook brightens despite pressure from higher rates

2023-06-08 00:00:00

BENGALURU, June 7 (Reuters): The outlook for most major housing markets has improved slightly from three months ago despite high interest rates, according to Reuters polls of property analysts who were mostly split on whether affordability would worsen or not.House...

MoU signed between BSTI and Bangladesh Trade Facilitation

2023-06-08 00:00:00

A Memorandum of Understanding (MoU) has recently been signed between Bangladesh Standards and Testing Institution (BSTI) and Bangladesh Trade Facilitation (BTF) supported by USDA, to enhance capacity of BSTI as National Codex Contact Point, modernise Halal Laboratory, facilitate import-export services...

BIDA in association with ILO organised workshop on BIDA's online One-Stop Service Portal

2023-06-08 00:00:00

Bangladesh Investment Development Authority (BIDA) in association with the International Labour Organisation (ILO) organised a workshop on BIDA's online One-Stop Service Portal at a hotel in Sylhet on Wednesday. BIDA Executive Chairman (Senior Secretary) Lokman Hossain Miah was present as...

Sonali Bank PLC signed agreement with Government Titumir College

2023-06-08 00:00:00

Sonali Bank PLC signed an agreement with Government Titumir College to collect various fees and charges of students through the Sonali payment gateway. Sonali Bank CEO and Managing Director Md Afzal Karim and Titumir College Principal Prof Ferdous Ara Begum...

Kansai Nerolac Paints implements SAP system

2023-06-08 00:00:00

Kansai Nerolac Paints (Bangladesh) Ltd., a leading player in the paints and coatings industry, announced the successful implementation of its SAP system. The company celebrated this milestone with an inauguration programme at a city hotel in Dhaka recently, says a...

Agreement signed between ICB and Sheltech Brokerage

2023-06-08 00:00:00

An agreement has recently been signed between Investment Corporation of Bangladesh (ICB) and Sheltech Brokerage Limited for distribution of Tk 90 million to Sheltech Brokerage Limited for reinvestment from 'Assistance Fund for Small Investors Affected in the Capital Market'. Sheltech...

World shares muted, lira plunges to record low

2023-06-08 00:00:00

LONDON, June 7 (Reuters): Global stock markets were steady on Wednesday and the US dollar drifted lower as attention turned towards next week's pivotal inflation data and Federal Reserve meeting, where chances of a rate hike continued to ebb.Meanwhile, Turkey's...

MTB Foundation --

2023-06-08 00:00:00

MTB Foundation, with a view to commemorating the 50th anniversary of World Environment Day and celebrating this year's theme - 'Solutions to Plastic Pollution', recently distributed mango and guava trees among the coastal women group of Ayla Patakata in Barguna...

Bank Asia and SME Foundation jointly arranged four-day training programme

2023-06-08 00:00:00

Bank Asia Limited and SME Foundation have jointly arranged a four-day training programme recently for women entrepreneurs at Chandpur Govt College under the supervision of women entrepreneurs development units of the both organisations. A total of 40 women entrepreneurs of...

Emirates unveils plastic recycling initiative

FE Report | 2023-06-08 00:00:00

Emirates is launching a closed-loop recycling initiative to repurpose millions of onboard items like plastic trays, bowls, and snack dishes into new meal service products. This move aligns with the principles of a circular economy, where items are reduced, reused...

NCC Bank wins 'Fastest Growing Banking Brand in Bangladesh' award

FE DESK | 2023-06-08 00:00:00

NCC Bank has been recognised with a prestigious international award, titled "Fastest Growing Banking Brand in Bangladesh-2023" for its commitment to growth, innovation and excellence in the banking sector, said a statement. Global Brands Magazine (GBM), a UK-based international organisation,...

Opportunists help rebound market after rumour driven stock plunge

FE REPORT | 2023-06-08 00:00:00

The stock market rebounded on Wednesday after the biggest single-day fall in nearly seven months, driven by a rumour.Investors got their doubts cleared and became convinced that no capital gain tax would be imposed at the individual level. The recovery...

American Chamber of Commerce

2023-06-08 00:00:00

Guest speakers at a discussion on the proposed budget for FY24, organised by the American Chamber of Commerce at Hotel Sheraton, Banani in the capital.

Foreign funds returning to stocks, buoyed by earnings, better liquidity

MOHAMMAD MUFAZZAL | 2023-06-08 00:00:00

Latest data points to an increased interest of foreign investors in putting money in stocks rather than selling off their holdings. In April, share purchase by foreign investors amounted to Tk 1.31 billion while sales were worth Tk 507 million,...

Sri Lanka eyes free trade pact with Thailand by March

2023-06-08 00:00:00

COLOMBO, June 7 (Reuters): Sri Lanka and Thailand could sign a free trade agreement (FTA) by March, a top official of the Indian Ocean nation told Reuters on Wednesday, as it attempts to rebuild its crisis-stricken economy.The two nations restarted...

Aditya Birla Group bets on branded jewellery with over $600m investment

2023-06-08 00:00:00

BENGALURU, June 6 (Reuters) - India's Aditya Birla Group said on Tuesday it was foraying into the branded jewellery retail business with an investment of 50 billion rupees ($605.2 million), as it looked to attract affluent customers in a crowded...

ICB Asset Management Company awarded

2023-06-08 00:00:00

ICB Asset Management Company Limited was awarded as the highest trader of ICB Securities Trading Company Limited for financial years of 2020-21 and 2021-22. Chief Executive Officer of IAMCL Mahmuda Akhter received the certificate of appreciation from ICB Chairman Dr...

Bangladesh Commerce Bank holds views-exchange meet

2023-06-08 00:00:00

Bangladesh Commerce Bank Ltd has recently held a views-exchange meeting with panel lawyers of the bank at its head office. Dr Md Abdul Kader, Managing Director and CEO (C.C.) of the bank, presided over the meeting. Senior executives of the...

Bengal Commercial Bank, SME Foundation, CWCCI sign MOU

2023-06-08 00:00:00

Bengal Commercial Bank, SME Foundation and the Chattogram Women Chamber of Commerce & Industry (CWCCI) signed a tripartite Memorandum of Understanding (MoU) under which loan will be provided for small and medium women entrepreneurs on easy terms and conditions. The...

China's exports tumble in May

2023-06-08 00:00:00

BEIJING, June 7 (Reuters): China's exports shrank much faster than expected in May while imports extended declines with a grim outlook for global demand, especially from developed markets, raising doubts about the fragile economic recovery.The world's second-largest economy grew faster...

Community Bank wins INFOSYS-Finacle Award

2023-06-08 00:00:00

Community Bank Bangladesh has won the INFOSYS-Finacle Innovation Award in three categories, says a press release. The bank's 'Process Optimization & Innovations' and 'Sustainable Finance with Open Banking Ecosystem' initiatives won the Platinum Award while the 'Banking the Community' initiative...

Maintain BD's market facility in post-LDC era

FE REPORT | 2023-06-08 00:00:00

Commerce Minister Tipu Munshi has urged Commonwealth countries to maintain duty and quota-free market access for the next six years after Bangladesh's graduation from the Least Developed Country (LDC) club. He made this request at the Commonwealth Trade Ministers Meeting...

Lightning strike kills teenager in Sylhet

2023-06-08 00:00:00

SYLHET, June 07 (UNB): A 12-year-old boy died and his cousin was injured after being struck by lightning in Kanaighat upazila of Sylhet on Tuesday.The deceased was identified as Fahim Ahmed, son of Foyez Ahmed of Borodesh Uttargram.According to locals,...

Inclusive efforts to stop violation of tobacco control laws stressed

2023-06-08 00:00:00

RANGPUR, June 07 (BSS): Engaging inclusive efforts of all concerned in a well-coordinated manner has become crucial to stop violation of tobacco control laws for building a tobacco-free healthier society. Public representatives and officials expressed on Wednesday the view in...

Baneshwar brims with mango mania during peak season

OUR CORRESPONDENT | 2023-06-08 00:00:00

RAJSHAHI, June 07: Baneshwar, the largest mango market of the country's "mango capital" Rajshahi, is abuzz with hordes of buyers and sellers, as the bazaar teems with activity during the succulent summer fruit's peak season. The streets of Baneshwar bazar...