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US economy grows at fastest pace in nearly two years in second quarter

2025-09-26 00:00:00

WASHINGTON, Sept 25 (Reuters): The US economy grew faster than previously estimated in the second quarter amid strong consumer spending and business investment, though momentum appears to have ebbed against the backdrop of lingering uncertainty from trade policy.The quickest growth...

MEGHNA BANK HOLDS 200TH BOARD MEETING

2025-09-26 00:00:00

Meghna Bank PLC held and celebrated its 200th Board Meeting on Tuesday, marking a significant milestone in the bank's journey. The meeting was presided over by Uzma Chowdhury, Chairperson of the Board. Independent Directors Mohammad Mamunul Hoque, Md. Rajab Ali,...

NRBC BANK SIGNS MOU WITH MAY INTERNATIONAL

2025-09-26 00:00:00

NRBC Bank has signed a Memorandum of Understanding (MoU) with May International Trade Services Limited to modernise its foreign trade-related banking services, making them more efficient, faster, and secure. Under the agreement, NRBC Bank will adopt advanced technology to gain...

Bangladesh seeking to join RCEP trade bloc

2025-09-26 00:00:00

Bangladesh, Hong Kong, Sri Lanka and Chile are seeking to join the China-backed Regional Comprehensive Economic Partnership, the world's largest trade bloc, Southeast Asian officials said on Thursday, reports Reuters.The RCEP currently consists of China, Japan, South Korea, Australia, New...

Guardian Life celebrates 12-year journey of growth and innovation

2025-09-26 00:00:00

Guardian Life Insurance Limited, one of the country's leading insurance service providers, celebrated its 12th anniversary on Thursday. The journey has been marked by remarkable growth, leadership in the bancassurance, digital, and microinsurance sectors, and industry-leading innovations that have reshaped...

Experts call for tech integration, responsible resource management to unlock blue economy potential

FE REPORT | 2025-09-26 00:00:00

Experts at a seminar on Thursday stressed the critical role of maritime law in promoting sustainable ocean governance and underscored the shared responsibility of all stakeholders in safeguarding marine resources for future generations.The Bangladesh Maritime Law Society (BMLS), a member...

Trust Bank launches new switching system to boost digital services

2025-09-26 00:00:00

Trust Bank PLC has launched its in-house switching system, migrating ATMs, POS terminals, and VISA debit cards to enhance service and security.The new system introduces enhanced self-service features, including PIN changes, card maintenance, virtual cards, and QR payments via the...

BD apparel sector advancing towards sustainability, says Swiss envoy

FE REPORT | 2025-09-26 00:00:00

Bangladesh's readymade garment (RMG) sector is steadily advancing on the path of sustainable development, said Swiss Ambassador to Bangladesh Reto Renggli on Thursday.Also praising the industry for its significant improvements in workplace environment, workers' health and safety, and compliance standards,...

BP postpones oil demand peak prediction to 2030 from 2025

2025-09-26 00:00:00

LONDON, Sept 25 (Reuters): BP said on Thursday it expects global oil demand to grow until 2030, five years later than its forecast a year ago, stressing slowed efforts to increase energy efficiency.The oil major's latest Energy Outlook, an annual...

China signals that purchases of US soybeans hinge on tariff removal

2025-09-26 00:00:00

BEIJING, Sept 25 (Reuters): The United States should remove what China described as unreasonable tariffs and create conditions to expand bilateral trade, a Chinese commerce ministry spokesperson said on Thursday when asked if China would purchase US soybeans.China, the world's...

Airport runway close calls spur hopes for wider adoption of cockpit alert technology

2025-09-26 00:00:00

KANSAS CITY, Missouri, Sept 25 (Reuters): As a Boeing 757 aircraft prepared to land, an audio alert started blaring in the cockpit: "Traffic on runway! Traffic on runway!" Seconds later, the same warning popped up on the navigation display.It prompted...

Oil pulls back from seven-week high

2025-09-26 00:00:00

LONDON, Sept 25 (Reuters): Oil prices edged down on Thursday, retreating from the previous session's seven-week high, as some investors took profits after US stocks closed lower and in anticipation of slower winter demand as well as the return of...

St. Martin reopens to tourists on Nov 1: Tourism Secretary

2025-09-26 00:00:00

The government will reopen St. Martin's Island to tourists for four months starting from 1 November on a limited scale, Tourism Secretary Nasreen Jahan said on Thursday, reports UNB.The reopening is being planned in coordination with the Ministry of Environment,...

Gold rises on safe-haven demand, investors await US data

2025-09-26 00:00:00

Gold rose on Thursday as geopolitical and economic tensions heightened safe-haven demand, while investors awaited US economic data for clues on the Federal Reserve's monetary policy trajectory, reports Reuters.Spot gold was up 0.4 per cent at $3,751.22 per ounce, as...

HSBC quantum computing test boosts trading performance

2025-09-26 00:00:00

LONDON, Sept 25 (AFP): Banking giant HSBC announced Thursday it has achieved promising early results using quantum computing to improve trading performance.Quantum technology holds the potential to vastly increase computing power to solve real-world problems, but current quantum computers remain...

'ChatGPT, what stocks should I buy?' AI fuels boom in robo-advisory market

2025-09-26 00:00:00

LONDON, Sept 25 (Reuters): As ChatGPT nears its third birthday, at least one in 10 retail investors is using a chatbot to pick stocks, fuelling a boom in the robo-advisory market, but even fans say it is a high-risk strategy...

Asian markets slide as traders prepare for key US data

2025-09-26 00:00:00

HONG KONG, Sept 25 (AFP): Stocks skidded Thursday as traders continue to pull back from the buying that has propelled markets to record highs in recent months, with upcoming US inflation and jobs data seen as likely to be the...

MEENA BAZAR OPENS NEW OUTLET AT MIRPUR 60 FEET ROAD

2025-09-26 00:00:00

Meena Bazar, one of Bangladesh's leading supershop brands, has expanded its footprint with the grand opening of a new outlet at 60 Feet Road (Opposite Monipur Boys' School), Monipur, Mirpur-2. Shameem Ahmed Jaigirder, COO of Meena Bazar, along with franchise...

JANATA BANK HOLDS CTG DIVISIONAL HALF-YEARLY BUSINESS CONFERENCE

2025-09-26 00:00:00

Janata Bank PLC held Chattogram Divisional Half-Yearly Business Conference for Branch Managers at a hotel in Chattogram on Thursday. Chairman of the bank Md Fazlur Rahman was present as the chief guest. The bank's Managing Director Md Mazibur Rahman and...

Sonali Bank signs agreement with Dhaka College

2025-09-26 00:00:00

Sonali Bank PLC signed a contract with Dhaka College to collect all types of charges and fees from students through the Sonali Payment Gateway. MD & CEO of Sonali Bank Md. Shawkat Ali Khan and Principal of Dhaka College Professor...

IPDC partners with TishCAN for breast cancer awareness

2025-09-26 00:00:00

IPDC Finance PLC has partnered with TishCAN to support the upcoming 'TishCAN Pink Afternoon: Breast Cancer Awareness & Wellness' event, scheduled to take place tomorrow at Jogger's Park, Gulshan Society Lake Park in the capital.The Pink Afternoon is a part...

Karmasangsthan Bank holds meeting on activities and future plans

2025-09-26 00:00:00

Karmasangsthan Bank held a meeting titled 'Review of activities and future plans for employment generation among the unemployed youth of the country' at its head office on Thursday.Secretary of the Financial Institutions Division under the Ministry of Finance, Nazma Mobarek,...

Lutfe Siddiqi warns of potential perils of AI

2025-09-26 00:00:00

NEW YORK, Sept 25 (BSS): Chief Adviser's Special Envoy Lutfe Siddiqi has warned of the potential perils of artificial intelligence (AI) despite having enormous benefits."The enormous benefits of AI are self-evident," he told the Security Council High-Level Open Debate on...

Closing ceremony of Disaster Management Exercise event held

2025-09-26 00:00:00

The closing ceremony of a two-day disaster management exercise event on earthquakes was held at the Bijoy Auditorium of Bangladesh University of Professionals (BUP) on Thursday , according to a press release.BUP's Department of Disaster Management and Resilience (DMR) hosted...

FICCI hosts consultation on Competition Act 2012, BCC functions

2025-09-26 00:00:00

The Foreign Investors' Chamber of Commerce and Industry (FICCI) hosted a consultation session titled "Competition Act 2012 and the Functions of the Bangladesh Competition Commission" at its conference hall in the city on Thursday, reports BSS.The session was chaired by...

BD, Pakistan discuss boosting bilateral ties

2025-09-26 00:00:00

Commerce Adviser Sk Bashir Uddin and Pakistan Prime Minister's Trade Coordinator Ihsaan Afzal Khan discussed ways to enhance bilateral trade and investment, strengthen economic cooperation, and take commercial relations to a new level, reports UNB.The meeting was held at the...

MIDLAND BANK PARTNERS WITH NORTH SOUTH UNIVERSITY TO PROMOTE FINANCIAL LITERACY

2025-09-26 00:00:00

Midland Bank, in collaboration with North South University's Career & Placement Centre, organised a seminar on financial literacy at the Syndicate Hall of NSU. The seminar was chaired by Professor Dr. Abdul Hannan Chowdhury, vice-chancellor of NSU, with a welcome...

Rupali Bank launches new MFS 'RupaliCash'

FE DESK | 2025-09-26 00:00:00

State-owned Rupali Bank recently shut down its mobile financial service (MFS) SureCash and launched a new MFS platform, RupaliCash, which uses the latest technology.The bank's Managing Director Kazi Md. Wahidul Islam inaugurated RupaliCash at a grand ceremony at the Rupali...

MTB inks deal with Credence Housing to provide home loans

2025-09-26 00:00:00

Mutual Trust Bank (MTB) and Credence Housing Limited signed a memorandum of Understanding (MoU) on Tuesday to provide clients of Credence Housing Limited home loans at attractive interest rates with faster loan processing facilities.The deal signed at MTB's Corporate Head...

BEXIMCO banks on foreign investment to return to profit by next year

FE REPORT | 2025-09-26 00:00:00

Bangladesh Export Import Company (BEXIMCO) has projected a return to profitability by December 2026, provided the government allows foreign investment and operations resume by next month.A recent national daily reported that a group of international investors is keen on investing...