Global equity funds witnessed outflows for the first time in five weeks in the week ended May 29, hit by rising US Treasury yields and investor caution ahead of a crucial inflation report, which may provide insights into the future...
FE REPORT | 2024-06-01 00:00:00
Stock price of the loss-making Bangladesh Industrial Finance Company (BIFC) has been flying high on the Dhaka Stock Exchange (DSE) without any reason for investors to be inclined to bet on its stock.The non-bank financial institutions' stock doubled in just...
FE REPORT | 2024-06-01 00:00:00
Stocks extended its losing streak for a third straight week, as jittery investors keep offloading riskier assets in absence of any positive triggers amid fears for struggling economy. The three-week fall has wiped out Tk 580 billion in investors' wealth...
MOSCOW, May 31 (TASS): Russia and China will work on creating transaction mechanisms independent from the West, which could be regional banks, Director General of the Russian International Affairs Council (RIAC) Ivan Timofeev said in an interview with TASS.According to...
Uttara Bank PLC declared 30% (17.50% cash and 12.50% stock) dividend for the year-2023 and passed the Annual Report-2023 along with the profit and loss account in its 41st Annual General Meeting held on Thursday on a digital platform. Azharul...
Analysts have lowered their 2024 oil price forecast for the first time since February, reflecting lower risks to supply from ongoing wars in the Middle East and Ukraine, a Reuters poll showed on Friday, as markets gear up for a...
WASHINGTON, May 31 AFP): The US economy grew less than initially estimated in the first quarter of this year as consumer spending cooled, the government reported Thursday, but data indicate resilience despite the slowdown.The world's biggest economy expanded at an...
REZAUL KARIM | 2024-06-01 00:00:00
Canada has expressed concern that Bangladesh is finalising its new Import Policy Order (2025-2028) without notifying the World Trade Organization (WTO), according to documents.In an official letter to the Ministry of Commerce, the Canadian High Commission in Bangladesh recently requested...
KUALA LUMPUR, May 31 (Reuters): Malaysian palm oil futures rose on Friday and logged a weekly gain, buoyed by estimates of higher exports in the world's second-biggest producer.The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives...
SOCHI, May 31 (TASS): Russia's gross grain harvest in 2024 is projected at 130.9 mln tons, including wheat harvest of 84.2 mln tons, according to Head of the agricultural markets analysis department at Rusagrotrans Igor Pavensky.At the same time, the...
Gold prices were flat on Friday as investors awaited the crucial inflation report which can significantly influence the outlook on US interest rates, although bullion was heading for its fourth straight monthly gain, reports Reuters.Spot gold was unchanged at $2,343.02...
LONDON, May 31 (Reuters): Copper prices fell on Friday after weak manufacturing data in top metals consumer China, but losses were contained by the possibility of further economic stimulus.Three-month copper on the London Metal Exchange shed 0.2 per cent to...
MADRID, May 31 (Reuters): Spanish authorities have slapped fines on budget airlines Ryanair, easyJet, Vueling and Volotea totalling 150 million euros ($163 million), consumer groups who lead a six-year campaign against the charges said on Friday.The fines are a challenge...
LONDON (Reuters): Oil prices edged higher on Friday as US inflation data lifted expectations of a September rate cut, with the market focused on Sunday's OPEC+ meeting that will determine the fate of the producer group's output cuts.Brent futures for...
Germany's midfielder Aleksandar Pavlovic, forward Thomas Mueller, defender Maximilian Mittelstaedt and midfielder Rocco Reitz arrive for a training session of the German national football team in Blankenhain, Germany, on Friday, in preparation for the UEFA EURO 2024 European Football Championship...
US Coco Gauff reacts after a point during her women's singles match against Ukraine's Dayana Yastremska on Court Philippe-Chatrier of the French Open tennis tournament at the Roland Garros Complex in Paris on Friday — AFP
LONDON, May 31 (AFP): Chelsea have appointed Leicester's Enzo Maresca as their new head coach, according to British media reports late Thursday.The Daily Telegraph said the Italian would be joining the Blues on a five-year contract, plus an option of...
DALLAS, May 31 (AFP): Cricket ventures into uncharted territory on Saturday as the first ever major tournament to be staged in the United States gets under way in Texas with the opening game of the T20 World Cup.A month-long festival...
LONDON, May 31 (AFP): Adil Rashid believes England are well-placed ahead of their T20 World Cup defence after a seven-wicket win over Pakistan at The Oval on Thursday secured a 2-0 victory in a rain-affected four-match Twenty20 series.England begin their...
The two-time runners-up Kenya confirmed their spot of semifinals in the fourth edition of Bangabandhu Cup 2024 International Kabaddi Tournament beating Thailand by 33-32 points with a lona held at Shaheed Suhrawardy Indoor Stadium in the city on Friday, reports...
New York, May 31 (BSS): Bangladesh will have their last opportunity for a fine tune for the T20 World Cup when they take on India in their second and final warm-up game today (Saturday) at Nassau County International Cricket Stadium,...
The Spanish head coach of the Bangladesh Football Team, Javier Cabrera, announced on Thursday a 26-member national football team to play the remaining two Group I matches of the Asian qualifiers for the 2026 FIFA World Cup against Australia and...
Bangladesh cricket star Shakib Al Hasan has expressed his desire to play in another T20 World Cup. Shakib is currently in the USA, preparing for the upcoming T20 World Cup 2024, reports UNB.Shakib is one of only two current players...
IG Chowdhury | 2024-06-01 00:00:00
Every school kid wants to grow up and become an adult as fast as possible. One of the presumed benefits of adult life is freedom from the daily chores of studying. Little does a school kid know that as he...
Nilratan Halder | 2024-06-01 00:00:00
In recent times, road transport and bridges minister has expressed his frustration over the poor conditions of public buses on roads and highways. Lately, he has lamented that the vehicles are too ugly to look at. One could not agree...
The recent decision by the Dhaka Water Supply and Sewerage Authority (WASA) to increase water prices by 10 per cent, effective from July 1 is unacceptable. This decision, announced in a notification, cites Section 22 of the WASA Act 1996...
Since its construction in 1878, Ishwardi Railway Junction Station has played a crucial role in Bangladesh's railway history. The Calcutta to Siliguri railroad, built in two stages-from Calcutta (now Sealdah) to Damookdah, and from Shara Ghat to Siliguri-has royal roots...
Tanim Asjad | 2024-06-01 00:00:00
Students in various colleges and universities in the United States of America (USA) have organised a series of protests on their campuses, demanding a ceasefire in Gaza and free Palestine from the brutal occupation of Israel. The protest escalated last...
After a number of attempts in the past to rein in food price inflation through fixing the prices of essential commodities in the kitchen market came to naught, the government is learnt to have opted for a fiscal approach to...
FE REPORT | 2024-05-31 12:00:00
Bangladesh's score on the Business Climate Index has dipped below 60 for the first time since its launch during the Covid-19 pandemic, according to a survey, painting a worrying picture for the local businesses. The country's score in the fiscal...
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