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BSRM comes out of red in Jan-Mar, riding on high demand, increased product prices

FE REPORT | 2023-04-25 00:00:00

Bangladesh Steel Re-Rolling Mills has crept out of losses in the nine months through March 2023, thanks to higher sales revenue and increased rod prices.The Chattogram-based steel maker did better in the latest quarter through March. Its consolidated net profit...

Johnson & Johnson consumer health unit valued at $40b ahead of IPO

2023-04-25 00:00:00

Johnson & Johnson's consumer health business is valued at $40 billion ahead of its initial public offering later this year, according to a report by The Wall Street Journal. The soon-to-be spinoff Kenvue aims to raise $3.5 billion or more...

Policy changes shoo away IPO hunters since 2020

Mohammad Mufazzal | 2023-04-25 00:00:00

More than half of operable BO (beneficiary owner's) accounts had zero share balance and had been used for no share transaction in the secondary market until May 2020. The figure has dwindled gradually over the last three years, thanks to...

Australia to buy longer range missiles

2023-04-25 00:00:00

SYDNEY, Apr 24 (BBC): Australia will speed up efforts to buy longer range missiles to counter the growing threat from China, a major defence review says. It warns the country can no longer be protected by its geographic isolation in...

Israeli forces kill Palestinian in West Bank raid

2023-04-25 00:00:00

JERICHO, Apr 24 (AFP/Xinhua): Israeli forces killed a Palestinian man Monday in the occupied West Bank, the Palestinian health ministry said, during what the army described as a "counterterrorism" operation.The health ministry said Suleiman Ayash, 20, was "killed by the...

Russia claims progress in battle for Bakhmut

2023-04-25 00:00:00

BAKHMUT, Apr 24 (Reuters/AP): Russia on Sunday said its forces had advanced in Bakhmut while a top Ukrainian commander said his troops were holding the frontline through the city, all but destroyed in some of the bloodiest combat of the...

Sudan evacuations speed up during fighting lull

2023-04-25 00:00:00

KHARTOUM, Apr 24 (Reuters): European nations, China and others from around the world raced to extract thousands of their citizens from Khartoum on Monday during an apparent lull in fierce fighting between the army and a paramilitary force.The sudden eruption...

Ready to discuss any Issue with Blinken

2023-04-25 00:00:00

MOSCOW, Apr 24 (TASS): Russian Foreign Minister Sergey Lavrov has arrived in New York where on April 24 and 25 he will participate in UN Security Council sessions, Russian Foreign Ministry Spokeswoman Maria Zakharova said on Monday."Sergey Lavrov has arrived...

IKEA plans new US stores

2023-04-25 00:00:00

LONDON, Apr 24 (Reuters): IKEA stores owner Ingka Group will spend 2 billion euros ($2.2 billion) expanding in the United States over the next three years, its biggest investment in a single country, in a bet to win American customers...

Coca-Cola beats estimates on steady demand

2023-04-25 00:00:00

Coca-Cola Co beat Wall Street estimates for quarterly revenue and profit on Monday, as demand for its sodas remained resilient in the face of multiple price increases taken to combat higher commodity and shipping costs, reports Reuters.Average selling prices rose...

Tesla readies export of Model Y to Canada from China

2023-04-25 00:00:00

SHANGHAI, Apr 24 (Reuters): Tesla has begun producing in Shanghai a version of the Model Y to be sold in Canada this year, the first time it will ship cars to North America from China, according to a person with...

EU regulators set out ideas to plug climate 'insurance gap'

2023-04-25 00:00:00

LONDON, Apr 24 (Reuters): Issuing "catastrophe bonds" and setting up public-private partnerships could help plug the "insurance gap" to better cover damage from climate change, a discussion paper from the European Central Bank and European Union insurance regulators said on...

Russia 'receiving more energy payments in yuan, rouble'

2023-04-25 00:00:00

MOSCOW, Apr 24 (Reuters) - Russian Deputy Prime Minister Alexander Novak said on Saturday that Russia will continue to accept more payments for energy exports in the country's rouble currency and China's yuan as Moscow works to ditch US dollars...

Adani Ports starts $130m buyback of debt securities

2023-04-25 00:00:00

NEW DELHI, Apr 24 (Reuters): India's Adani Ports and Special Economic Zone, a group company of the beleaguered Adani Group, said on Monday that it started a buyback programme of certain debt securities to prepay part of its loans due...

Global tech investors focus on profits after layoffs

2023-04-25 00:00:00

A quarter into record layoffs, investors in US tech giants will scrutinize if the cost cuts boosted profits to their satisfaction, while the companies emphasize how artificial intelligence will be their next growth driver, reports Reuters.Microsoft Corp, Google parent Alphabet...

Wheat rises as Russia threatens to scrap Black grain deal

2023-04-25 00:00:00

SINGAPORE, Apr 24 (Reuters): Chicago wheat climbed for the first time in four sessions on Monday after Russia threatened to terminate a grain deal allowing Ukrainian exports, although gains were trimmed by forecasts of much-needed rains in the US winter...

Bets on Aussie lithium miners rise as Chile plan stokes concerns

2023-04-25 00:00:00

MELBOURNE, Apr 24 (Reuters): Expectations that demand for Australian lithium will grow boosted Sydney-listed miners' stocks on Monday after Chile unveiled plans to take control of its output of the metal essential for electric vehicle (EV) batteries.Listed miners with lithium...

Gold lacks momentum as spotlight remains on Fed outlook

2023-04-25 00:00:00

Gold prices held in a tight range on Monday as market participants continue to focus on the US Federal Reserve's interest rate strategy in their fight against surging inflation.Spot gold was little changed at $1,984.05 an ounce at 1144 GMT...

Sweden's H2 Green Steel plans to raise $1.65b

2023-04-25 00:00:00

Swedish steel producer H2 Green Steel is seeking to raise more than 1.5 billion euros ($1.65 billion) of equity funding for its iron, steel and hydrogen plant in Boden, the company said on Monday, reports Reuters.H2 Green Steel, launched in...

Oil steady on uncertain global outlook

2023-04-25 00:00:00

SINGAPORE, Apr 24 (Reuters): Oil prices were steady on Monday as concern over rising interest rates, the global economy and the outlook for fuel demand were balanced by the prospect of tightening supplies.Brent crude slipped 22 cents, or 0.3 per...

People crowd the Jatishongho Shishu Park in Khulna city on Sunday,

2023-04-25 00:00:00

People crowd the Jatishongho Shishu Park in Khulna city on Sunday, a day after Eid-ul-Fitr — Focus Bangla

Three die taking 'toxic alcohol' in Kushtia

2023-04-25 00:00:00

KUSHTIA, Apr 24 (UNB): Three people died and five fell sick reportedly after drinking toxic liquor in Sadar upazila of Kushtia district early Monday.The deceased were identified as Md Shaheen, 47, and Md Ratan, 21, of Sadar upazila, and Sifat...

Lightning strikes kill 13 in four days in Sylhet region

OUR CORRESPONDENT | 2023-04-25 00:00:00

SYLHET. Apr 24: Lightning strikes claimed at least 13 lives in Sylhet region in four days.Of the total deaths seven died in Sunamganj district only. Six persons were struck by lightning on different haors in Sunamganj as they were cutting...

Gas cylinder blast burns five members of a family in Chattogram

2023-04-25 00:00:00

CHATTOGRAM, Apr 24 (UNB): Five members of a family sustained burn injuries after the gas cylinder of a CNG-run autorickshaw exploded near the Shah Amanat Bridge area of Chattogram city on Monday.The injured are Bilkis Begum, 28, Josna Begum, 28,...

Boro paddy harvest begins in Rangpur

2023-04-25 00:00:00

RANGPUR, Apr 24 (BSS): Harvesting of Boro rice has just begun with an excellent yield at the initial stage of predicting a bumper production of the major cereal crop in Rangpur agriculture region. Officials of the Department of Agricultural Extension...

Eid-ul-Fitr celebrated in districts

2023-04-25 00:00:00

The holy Eid-ul-Fitr, the biggest religious festivity of the Muslims, was celebrated in the districts on Saturday, report agencies.In Rangpur, The main Eid-ul-Fitr congregation was held at the Central Collectorate Eidgah Maidan at 8:30 am with participation of around 30,000...

Multi-dimensional reports on Bangladesh economy

Muhammad Zamir | 2023-04-25 00:00:00

The International Monetary Fund (IMF) has recently forecasted that Bangladesh’s economic growth over the coming months of this fiscal year will touch 5.5 per cent in the current FY23, putting it in a favourable image compared to that put by...

Including word games in school curricula

2023-04-25 00:00:00

Scrabble is a word game in which two to four players score points by placing tiles, each bearing a single letter, onto a game board. The game can help the students learn vocabulary. Playing competitive Scrabble not just improves one's...

Value of books --

2023-04-25 00:00:00

World Book Day, celebrated on April 23 every year, is a day dedicated to promoting reading, publishing, and copyright around the world. The day was introduced by UNESCO in 1995 as a worldwide occasion for books and reading. This day...

Decentralising Dhaka--

2023-04-25 00:00:00

The government decision for extended Eid holidays is admirable. This has enabled more people to celebrate Eid in their village homes with their loved ones. In addition, longer holidays have made Dhaka wear an entirely different look. There is no...