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Global bond funds register big outflows on rate worries

2023-09-30 00:00:00

Global bond funds saw their biggest weekly outflows in more than a month on concerns that US and European central banks will keep interest rates higher for longer to curb inflationary pressures, reports Reuters.The US Federal Reserve surprised markets last...

Supermarket franchisee Spinneys Dubai plans IPO in 2024

2023-09-30 00:00:00

Spinneys Dubai LLC, the franchisee of the supermarket chain in the United Arab Emirates and Oman, is planning an initial public offering of the business in the second quarter of 2024, three sources with direct knowledge of the matter said,...

eGeneration profit hits four-year high on growing demand for IT services

FE REPORT | 2023-09-30 00:00:00

eGeneration Ltd posted a profit of Tk 108.75 million in fiscal year 2022-23, the highest in four years, driven by the increasing demand for software and IT-enabled services, as more and more local business entities are embracing automation.eGeneration is a...

Stocks tumble amid macroeconomic and political concerns

FE REPORT | 2023-09-30 00:00:00

Failing to sustain the upward momentum, stocks tumbled in the outgoing week as investors mostly stayed on the sidelines amid macroeconomic and political concerns.Investors might have panicked following the announcement of the US state department regarding the imposition of visa...

IFIC Bank holds remittance roadshow in NY

2023-09-30 00:00:00

IFIC Bank has arranged remittance roadshows at four places in New York, USA to encourage fast, easy, and secure remittance exchange through legitimate banking channels, reports BSS.The places were Queens, Jamaica, Bronx and Brooklyn.The roadshow started from September 24 and...

UAW to expand strike on Detroit 3 US automakers

2023-09-30 00:00:00

DETROIT, Sept 29 (Reuters): The United Auto Workers are set to expand their strike of Detroit Three factories and walk off the job at one additional assembly plant at General Motors, Ford and Stellantis , three sources familiar with the...

US adopts plan to phase out single-use plastics at national parks

2023-09-30 00:00:00

WASHINGTON, Sept 29, (AFP): The US government on Thursday announced plans to phase out single-use plastics on public lands, including the country's famous national parks, by 2032."Plastic waste is a priority environmental problem," said a statement from the Interior Department,...

Islami Bank discussion on Shari'ah compliance in banking operations

2023-09-30 00:00:00

Barishal Zone of Islami Bank Bangladesh PLC organised a discussion on "Compliance of Shari'ah in Banking Operations" for its clients on the Barishal Branch premises recently. Dr Md Ruhul Amin Rabbani, member of Shari'ah Supervisory Committee was present as the...

Heavy winter sweaters, coats pile up at stores

2023-09-30 00:00:00

Unseasonably warm autumn weather from the United States to Europe is denting sales of heavy sweaters and coats as the critical holiday shopping period approaches, executives at major retailers including H&M said, and some stores are already slashing prices to...

Intel hails 'landmark' as high-volume EUV production begins

2023-09-30 00:00:00

DUBLIN, Sept 29 (Reuters): Chipmaker Intel said on Friday it had begun high-volume production using extreme ultraviolet (EUV) lithography machines at its $18.5 billion plant in Ireland, calling it a "landmark" moment as it seeks to regain ground on its...

Hindustan Zinc to spin off commodities into separate companies

2023-09-30 00:00:00

BENGALURU, Sept 29 (Reuters): Hindustan Zinc on Friday said it plans to create separate entities for its zinc, lead, silver and recycling businesses to unlock "potential value" and will appoint external advisors to review its corporate structure.Shares of Hindustan Zinc...

JetBlue files complaint in US against Schiphol flight curbs

2023-09-30 00:00:00

AMSTERDAM, Sept 29 (Reuters) - U.S. carrier JetBlue Airways (JBLU.O) said on Friday it had filed a complaint against the Netherlands and the European Union to the U.S. Department of Transportation over the Dutch government's move to curb traffic at...

Vietnam economy grows 5.3pc in third quarter

2023-09-30 00:00:00

HANOI, Sept 29 (AFP): Vietnam's economy grew 5.3 percent on-year in the third quarter, official data showed Friday, though experts warned it was on course to miss an ambitious year-end target.Loan interest rate reductions, an extension of tax payments and...

Oil prices up $1 on tight US supply, China demand

2023-09-30 00:00:00

LONDON, Sept 29 (Reuters): Oil prices rose on Friday and were headed for a gain of about 3.0 per cent for the week, driven by tight U.S. supply and expectations of strong fuel demand in China during the Golden Week...

NZ's Williamson to miss World Cup opener

2023-09-30 00:00:00

HYDERABAD, India, Sept 29 (AFP): New Zealand skipper Kane Williamson will miss the opening match of the ODI World Cup next week to recover from a knee injury, the country's cricket board said Friday.Williamson was part of the team's Friday...

Klopp pleased by in-form Liverpool's 'new start'

2023-09-30 00:00:00

LIVERPOOL, Sept 29 (AFP): Jurgen Klopp says Liverpool are reaping the rewards of their "new start" after last season's disappointing campaign.Klopp's side are second in the Premier League ahead of Saturday's intriguing trip to in-form Tottenham.Unbeaten Liverpool have won five...

Murray crashes out to De Minaur in China Open first round

2023-09-30 00:00:00

BEIJING, Sept 29 (AFP): Andy Murray squandered three match points against Australia's Alex De Minaur before crashing out in the first round of the China Open in Beijing on Thursday.Murray cut a frustrated figure throughout the match and earned a...

Pakistan’s Mohammad Rizwan (L)

2023-09-30 00:00:00

Pakistan’s Mohammad Rizwan (L), scores 103 runs, and captain Babar Azam (R), scores 80 runs, run between the wickets during a warm-up match against New Zealand ahead of the ICC Men’s Cricket World Cup, at the Rajiv Gandhi International Cricket...

Barcelona reveal profit of 304m euros for 2022/23

2023-09-30 00:00:00

BARCELONA, Sept 29 (AFP): Barcelona on Thursday revealed post-tax profits of 304 million euros ($321 million) for the 2022/23 season, higher than the forecasts of the Spanish giants who are seeking to consolidate their financial situation.The club, which predicted revenues...

Afghan boxer first reported doping case at Asian Games

2023-09-30 00:00:00

HANGZHOU, China, Sept 29 (AFP): An Afghan boxer has been provisionally suspended for failing a doping test at the Asian Games, the International Testing Agency (ITA) said, the first reported drugs case at the event.The 37-year-old Mohammad Khaibar Nooristani, who...

Sakkari, Pegula reach Pan Pacific Open semis as Swiatek crashes out

2023-09-30 00:00:00

TOKYO, Sept 29 (AFP): Four-time Grand Slam champion Iga Swiatek crashed out of the quarter-finals at the Pan Pacific Open in Tokyo on Friday, while Jessica Pegula and Maria Sakkari stormed into the semi-finals.Russia's Veronika Kudermetova, ranked 19th, served four...

China's Li Bingjie celebrates after winning

2023-09-30 00:00:00

China's Li Bingjie celebrates after winning the fast heat of the women's 800m freestyle swimming event during the Asian Games in Hangzhou, in China's eastern Zhejiang province on Friday — AFP

Bangladesh taste first victory against S'pore

2023-09-30 00:00:00

Bangladesh tasted the first victory in their 3rd Pool A match of the 12-nation 19th Asian Games Men's Hockey beating Singapore by 7-3 goals at the Gongshu Canal Sports Park Stadium in Hangzhou on Thursday, reports UNB. Earlier, Bangladesh suffered...

News in Brief-(2023-09-30)

2023-09-30 00:00:00

Gunman kills three in Rotterdam university shootingROTTERDAM, Sept 29: A gunman killed three people in the Dutch city of Rotterdam on Thursday, shooting a local woman and her daughter in their home then storming into a classroom of Rotterdam's university...

12 soldiers killed after attack by militants in Niger

2023-09-30 00:00:00

NIAMEY, Sept 29 (Reuters): At least 12 Niger soldiers were killed in an attack by militants in the country's southwest on Thursday morning, three security sources said.The attack took place about 190 km (118 miles) from the capital Niamey in...

Republican holdouts push US govt closer to shutdown

2023-09-30 00:00:00

WASHINGTON, Sept 29 (Reuters): The US federal government was two days from a partial shutdown on Friday, as a handful of hardline House Republicans refused to support a bipartisan stopgap spending bill meant to give lawmakers more time to negotiate...

Mob did not storm home of Manipur chief minister

2023-09-30 00:00:00

GUWAHATI, Sept 29 (Reuters): Indian police have dismissed as "false and misleading" reports that a mob attacked the private residence of Biren Singh, chief minister of the strife-torn northeastern state of Manipur, adding that it was protected by "adequate security".Thursday's...

Ukrainian drone hits Russian power substation

2023-09-30 00:00:00

MOSCOW, Sept 29 (AFP): A Ukrainian drone dropped explosives on a substation in a Russian village close to the border on Friday, cutting off the power supply to a hospital, the regional governor said.In Belaya, less than 25 kilometres (16...

UK, Canada, Taiwan criticise Myanmar as generals unleash ‘corrective purge’

2023-09-30 00:00:00

TAIPEI (Taiwan), Sept 29 (Al Jazeera): The United Kingdom (UK) and Canada have joined the United States in condemning plans by Myanmar's coup leaders to hold tightly controlled elections, as Taiwan voiced strong criticism of the regime's atrocities and crackdown...

US-Saudi defence pact tied to Israel deal, Palestinian demands put aside

2023-09-30 00:00:00

JEDDAH, Sept 29 (Reuters): Saudi Arabia is determined to secure a military pact requiring the United States (US) to defend the kingdom in return for opening ties with Israel and will not hold up a deal even if Israel does...