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China-focused hedge funds lower exposure as risks mount

2022-09-07 00:00:00

HONG KONG, Sept 6 (Reuters): Some of Asia's large China-focused hedge funds are buying more non-China stocks as regulatory scrutiny, policy uncertainties and a slowing mainland economy force them to cut exposure to offshore Chinese assets.Beijing's clampdown on technology companies,...

News Briefs (2022-09-07)

2022-09-07 00:00:00

Board meetingBangladesh Industrial Finance Co Limited: A board meeting of the company will be held on September 13, 2022 at 3:00 PM to consider, among others, audited financial statements of the company for the year ended on December 31, 2020....

Modhumoti Bank holds audit committee meeting ---

2022-09-07 00:00:00

The 37th meeting of the audit committee of the board of directors of Modhumoti Bank Limited was held on Tuesday with assistance of Zoom technology. The meeting was presided over by Shaikh Salahuddin, MP, Chairman of audit committee and Vice-Chairman...

59th Foundation Training Course for Business Officers of Bank Asia

2022-09-07 00:00:00

The 59th Foundation Training Course for the Business Officers of Channel Banking Division of Bank Asia has been completed recently. Md Sazzad Hossain, DMD & COO of the bank, gave away certificates among 50 officers at the concluding ceremony of...

Dr Mohammed Haider Ali Miah received Vocational Excellence Award

2022-09-07 00:00:00

Managing Director and CEO of Exim Bank Dr Mohammed Haider Ali Miah has received Vocational Excellence Award from Rotary Club of Uttara. Commerce Minister Tipu Munshi handed over the award to him at a programme held at Uttara Club recently.

Summit helps fundraise for migrants

2022-09-07 00:00:00

In an effort to fundraise for the Migrant Workers' Welfare Fund, HOME in Singapore, Summit with the Tagore Society Singapore organised a charity concert performed by Shama Rahman, a global ambassador of Rabindra Sangeet, says a statement. All the proceedings...

Ibn Sina to transfer net assets of Tk 208m to its subsidiary

FE REPORT | 2022-09-07 00:00:00

The Ibn Sina Pharmaceutical Industry, a listed company, will transfer net assets of over Tk 208.16 million of its natural medicine division to its subsidiary company, The Ibn Sina Natural Medicine.The company's board of directors has taken the decision on...

Phoenix Finance posts loss of Tk 350m in 2021

FE REPORT | 2022-09-07 00:00:00

The board of directors of Phoenix Finance and Investments has decided not to pay any dividend for the year 2021, as the company suffered losses of Tk 350 million.The listed non-bank financial institution has reported a net loss of Tk...

Stocks rise after two-day slump

FE REPORT | 2022-09-07 00:00:00

The stock market rebounded Tuesday, snapping a two-day losing streak, as the bargain hunters showed their buying appetite for sector-specific stocks.DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), climbed 39.65 points or 0.62 per cent to settle at...

Qatar tells local banks to stop currency swap deals abroad

2022-09-07 00:00:00

DUBAI/DOHA, Sept 06 (Reuters): Qatar's central bank has told banks in the Gulf state not to exchange its currency with entities outside the country without prior permission, five sources told Reuters, in a move bankers say aims at ending the...

NHFIL entered into agreement with Bangladesh Bank

2022-09-07 00:00:00

National Housing Finance and Investments Limited (NHFIL) entered into an agreement with Bangladesh Bank recently to provide benefits to customers through 'Refinance Scheme against Term Loans to Cottage, Micro, Small and Medium (CMSME) sector'. Md Mohammad Shamsul Islam, managing director...

EBL in collaboration with Bureau Bangladesh distributed food items

2022-09-07 00:00:00

As part of observance of the Month of Mourning, Eastern Bank Ltd (EBL) in collaboration with Bureau Bangladesh distributed food items among the flood-affected and poor families in the districts of Sylhet and Sunamganj recently. The programme was attended by...

Mohammad Jahangir present as chief guest at view exchange meeting

2022-09-07 00:00:00

Newly appointed Managing Director and CEO of Rupali Bank Mohammad Jahangir was present as the chief guest at the view exchange meeting with assistant general managers and other officials of the bank at its head office in the capital on...

Dhaka Bank holds business review meeting in Ctg -

2022-09-07 00:00:00

The business review meeting-2022 of Dhaka Bank Limited for Chattogram City branches was held at Radisson Blu Chattogram Bay View in Chattogram recently. Chairman of the board of directors of Dhaka Bank Abdul Hai Sarker presided over the meeting, said...

Sales Cakri Mela to create 3,000 new jobs in Ctg

2022-09-07 00:00:00

To create 3,000 new sales jobs, leading job portal Bdjobs.com is going to organise 'Sales Cakri Mela' today (Wednesday) at the GEC Convention Centre in Chattogram, reports UNB.Bdjobs.com is going to organise this fair aiming to cater the increasing demand...

BB halts 360-day special repo facility

2022-09-07 00:00:00

Bangladesh Bank (BB) has scrapped the 360-day special repo facility due to the improvement in the coronavirus situation and a lack of demand for the borrowing tool, reports BSS.The central bank introduced the special repo on May 13, 2020 in...

FBCCI team reaches India as entourage of Sheikh Hasina

2022-09-07 00:00:00

A high-level business delegation led by Federation of Bangladesh Chambers of Commerce and Industries (FBCCI), for enhancing bilateral trade relations, reached India on a four-day visit as entourage of Prime Minister Sheikh Hasina, reports BSS.The business delegation, led by FBCCI...

Knitwear’s stake in RMG exports rising

MONIRA MUNNI | 2022-09-07 00:00:00

The knitwear sub-sector's contribution to the country's readymade garment (RMG) export earnings is gradually increasing over the years, making it the top foreign currency earner in the last fiscal, industry insiders said. They attributed the growth to the strong backward...

Australia's bumper wheat crop faces export constraints

2022-09-07 00:00:00

SYDNEY, Sept 06 (The Wall Street Journal): Australia forecast another bumper wheat crop following above-average rainfall on its east coast, but supply-chain bottlenecks could limit its ability to export more and ease concerns about global food security.Russia's invasion of Ukraine...

Gold remains near lowest

2022-09-07 00:00:00

NEW DELHI, Sept 06 (Reuters): Gold prices in India was flat while silver rates firmed, tracking similar global cues. On MCX, gold futures dipped slightly to near one-month low of Rs 50,421 per 10 gram while silver futures rose 0.7...

Oil prices fall after a two-day rally

2022-09-07 00:00:00

LONDON, Sept 06 (Reuters): Oil fell on Tuesday after a two-day rally as concern returned about weaker demand and the prospect of more interest rate hikes, trumping support from OPEC+'s first output target cut since 2020.New Covid-19 lockdowns in China...

Bavuma to lead South Africa in T20 World Cup

2022-09-07 00:00:00

JOHANNESBURG, Sept 06 (AFP): Temba Bavuma will captain South Africa at the International Cricket Council's T20 World Cup in Australia in October after recovering from an elbow injury.Bavuma was injured during a T20 international in India in June and was...

Nadal stunned by Tiafoe

2022-09-07 00:00:00

NEW YORK, Sept 06 (AFP): Rafael Nadal fell to his earliest US Open loss in six years on Monday when he was knocked out by Frances Tiafoe while Carlos Alcaraz survived a five-set epic to reach a second successive quarter-final...

Australia seal thrilling win over New Zealand in 1st ODI

2022-09-07 00:00:00

CAIRNS, Australia, Sept 06 (AFP): Emerging star Cameron Green held his nerve with a career best 89 not out in Australia's thrilling two-wicket victory over New Zealand in the first one-day international on Tuesday in Cairns.After Glenn Maxwell starred with...

Spanish league moves to expand in Middle East, North Africa

2022-09-07 00:00:00

MADRID, Sept 06 (AP): The Spanish league is set to announce a new joint venture to expand its reach in the Middle East, North Africa and the Indian subcontinent on Tuesday, continuing its push to grow internationally and narrow the...

Pakistan face Afghanistan in Super Four battle today

2022-09-07 00:00:00

SHARJAH, Sept 06 (Agencies): After beating arch-rivals India in the first match of Super Four, Pakistan take on take on Afghanistan in their second match of the Asia Cup 2022 at Sharjah Cricket Stadium on Wednesday. It will be the...

Bangladesh face Maldives today

2022-09-07 00:00:00

After a thumping victory over host Sri Lanka, motivated Bangladesh U-17 football team face their Maldives counterpart in their second and last group A match of the SAFF U-17 championship scheduled to be held at Racecourse International Stadium in Colombo,...

One brother dead, other on the run

2022-09-07 00:00:00

OTTAWA, Sept 06 (AFP): One of two brothers who were the target of a massive manhunt in Canada after allegedly carrying out a stabbing spree that left 10 dead and 18 wounded has been found dead, police said Monday.The killings...

China earthquake toll rises to 65

2022-09-07 00:00:00

SICHUAN, Sept 06 (Reuters): The death toll from the strongest earthquake to hit China's southwestern Sichuan province since 2017 rose to 65 on Tuesday as rescuers rushed to reach hundreds of stranded people, restore utilities and send emergency relief.Nearly 250...

Judge orders review of material seized at Trump's home

2022-09-07 00:00:00

WASHINGTON, Sept 06 (AFP): A US judge on Monday granted Donald Trump's request for the appointment of a "special master" to independently review material seized in an FBI raid on his Florida home, dealing a blow to prosecutors.Government attorneys had...