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Deutsche Bank in $26.3m shareholder settlement

2022-09-25 00:00:00

NEW YORK, Sept 24 (Reuters): Deutsche Bank AG agreed to pay $26.25 million to settle a US shareholder lawsuit accusing the German bank of lax oversight while doing business with risky, ultra-rich clients like Jeffrey Epstein and Russian oligarchs.The preliminary...

The 29th annual general meeting (AGM) for the year ended on 31 December, 2021 of First Finance Limited

2022-09-25 00:00:00

The 29th annual general meeting (AGM) for the year ended on 31 December, 2021 of First Finance Limited took place on Thursday on a digital platform. Chairman of the company Khan Mohammad Moinul Hasan presided over the meeting

Bankrupt Sri Lanka pleads with creditors for quick debt deal

2022-09-25 00:00:00

COLOMBO, Sept 24 (AFP): Crisis-hit Sri Lanka pleaded on Friday for a swift agreement with its international creditors to clear the way for a desperately needed $2.9 billion IMF bailout.The International Mone-tary Fund's board needs to ratify this month's staff-level...

Tk 400 cash back on payment of Mastercard bill through Nagad

2022-09-25 00:00:00

Nagad has brought a cash back offer of up to Tk 400 on Mastercard credit card bill payments, reports BSS.To get this offer, the consumers must save their Bangladesh Bank-approved Mastercard credit cards in the Nagad app.The Nagad app has...

B2B confce begins in Japan today

2022-09-25 00:00:00

Talukdar Md Zakaria Hossain A conference titled '4th Investor B2B Japan 2022', organised by the United Nations Industrial Develop-ment Organisation (UNI-DO), will be held from September 25 to 30 in Tokyo and Osaka, Japan, to promote the business interests of...

City Bank Capital moves to corporate head office

2022-09-25 00:00:00

City Bank Capital Resources Ltd. a renowned investment bank and a wholly owned subsidiary of the City Bank Limited, was shifted to its corporate head office at Shanta Western Tower, Level-14, Office Space-02, Bir Uttam Mir Shawkat Road, 186 Tejgaon...

Sonali Life wins biz excellence award

2022-09-25 00:00:00

FE REPORTSonali Life Insurance Company Limited has achieved the 'South Asian Business Excellence Award-2022' in four categories presented by the South Asian Partnership Summit.Planning Minister MA Mannan handed over the award as the chief guest to Sonali Life CEO Mir...

CCCI signs MoU with PBA of UK

2022-09-25 00:00:00

CHATTOGRAM, Sept 24 (BSS): Chattogram Chamber of Commerce and Industry (CCCI) signed a memorandum of understanding (MoU) with Portsmouth Bangladesh Business Association of United Kingdom (UK) at the World Trade Centre on Saturday.The MoU was signed with the aim of...

TSX falls by most in 3 months, C$ slides as oil rout weighs

2022-09-25 00:00:00

TORONTO, Sept 24 (Reuters):Canada's resource-heavy main stock index posted its biggest decline in more than three months on Friday and the Canadian dollar extended its recent decline as oil prices tumbled and investors grew more worried about the global economic...

European lottery group Allwyn calls off SPAC deal to list on NYSE

2022-09-25 00:00:00

European lottery group Allwyn Entertainment said on Friday it has called off its deal with a blank-check company that would have seen its shares list in New York, citing volatile market conditions, reports Reuters.Allwyn struck a merger deal with the...

Pak bonds slump as UNDP set to recommend debt restructuring

2022-09-25 00:00:00

LONDON, Sept 24 (Reuters): Pakistan's bonds slumped on Friday, leaving many at half of their face value after a Financial Times report that the United Nations Develo-pment Programme was set to publish a memo urging the country to restructure its...

Deutsche Bank in $26.3m shareholder settlement over Epstein-Russian oligarch ties

2022-09-25 00:00:00

NEW YORK, Sept 24 (Reuters): Deutsche Bank AG agreed to pay $26.25 million to settle a US shareholder lawsuit accusing the German bank of lax oversight while doing business with risky, ultra-rich clients like Jeffrey Epstein and Russian oligarchs.The preliminary...

Bond sell-off worst since 1949, says Bank of America

2022-09-25 00:00:00

LONDON, Sept 24 (Reuters): Global government bond losses are on course for the worst year since 1949 and investor sentiment has plummeted to its lowest since the financial crisis, BofA Global Research said in a note on Friday.This year's dramatic...

India's forex reserves fall for seventh straight week to below $550 billion

2022-09-25 00:00:00

India's foreign exchange reserves fell below $550 billion for the first time in nearly two years, marking the seventh straight week of declines during which period the country's import cover has plunged by nearly $30 billion, data from the Reserve...

SIBL opens 15 agent banking outlets: Social Islami Bank Limited opened 15 new agent banking outlets through

2022-09-25 00:00:00

SIBL opens 15 agent banking outlets: Social Islami Bank Limited opened 15 new agent banking outlets through a virtual platform from its head office in Dhaka recently. SIBL Chairman Dr Md Mahbub Ul Alam inaugurated the agent outlets as the...

News Briefs (2022-09-25)

2022-09-25 00:00:00

Board meetingsKDS Accessories Limited: A meeting of the board of directors will be held on October 02, 2022 at 4:00 pm to consider, among others, audited financial statements of the company for the year ended June 30, 2022.Apex Footwear Limited:...

Bourses resume pre-opening session today

2022-09-25 00:00:00

FE REPORTThe Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange will re-launch the pre-opening session today (Sunday) after a pause for more than four months.The duration of the pre-opening session has been cut down to five minutes from 15...

IBBL achieves 'Best Bank' award: Islami Bank Bangladesh Limited has achieved the 'Best Bank in Bangladesh'

2022-09-25 00:00:00

IBBL achieves 'Best Bank' award: Islami Bank Bangladesh Limited has achieved the 'Best Bank in Bangladesh' Award at the South Asian Business Excellence Awards-2022 ceremony hosted by South Asian Partnership Summit. Managing Director and CEO of the bank Mohammed Monirul...

Chartered Life's IPO opens today

FE REPORT | 2022-09-25 00:00:00

The initial public offering (IPO) of Chartered Life Insurance Company opens for subscription today (Sunday), aiming to raise Tk 150 million from the capital market under the fixed-price method.The new-generation insurer's IPO subscription period will close on September 29, according...

Mercantile Bank awarded as the 'Best Bank': Mercantile Bank Limited has been awarded the South Asian

2022-09-25 00:00:00

Mercantile Bank awarded as the 'Best Bank': Mercantile Bank Limited has been awarded the South Asian Business Excellence Award-2022 as the 'Best Bank in the Private Sector' by South Asian Partnership Summit. Managing Director and CEO of the bank Md...

Most MNCs see price erosion

FE REPORT | 2022-09-25 00:00:00

Most of the listed multinational companies (MNCs) saw price erosion in the previous week although the stock market closed marginally higher.Of the 13 multinational firms listed on the local stock market, share prices of seven companies declined, ranging between 0.18...

Holidaymakers visit Ahsan Manzil in Old Dhaka on Saturday

2022-09-25 00:00:00

Holidaymakers visit Ahsan Manzil in Old Dhaka on Saturday — Focus Bangla

Senior citizens call for saving all rivers

2022-09-25 00:00:00

RANGPUR, Sept 24 (BSS): Riverside elderly citizens of different northern districts at a function on Saturday called for saving all rivers which are the lifeline for the economy, environment, ecosystems and national heritage.They made the call while narrating experiences on...

News in brief (2022-09-25)

2022-09-25 00:00:00

Lightning strike kills two farmers in HabiganjHABIGANJ, Sept 24: Two farmers were killed after being struck by lightning in the Pithabari area of Habiganj's Baniachang upazila on Saturday morning. The deceased were identified as Abdul Karim, 65, and Nur Uddin,...

In-laws held over death of woman in Sirajganj

2022-09-25 00:00:00

SIRAJGANJ, Sept 24 (UNB): Police detained parents-in-laws in connection with murder of a housewife allegedly by her husband at Tarash upazila in Sirajganj on Saturday.The deceased was Nasima Khatun, 22, from Chak Jhurjhuri village.According to neighbours, Nasima before her death...

University student crushed under train in Natore

2022-09-25 00:00:00

NATORE, Sept 24 (UNB): A 25-year-old university student was crushed under a train in Natore as he attempted to reboard it at Abdulpur Junction station on Saturday morning.The deceased was identified as Nuruzzaman Entaj, son of advocate Ishaq Ali. He...

Summer cabbage makes Rajshahi farmers delighted

2022-09-25 00:00:00

RAJSHAHI, Sept 24 (BSS): Farming of summer cabbage has been gaining popularity as many people are seen cultivating the high-value crop commercially in the region, including its vast Barind tract, due to its gradually mounting demands.The unseasonal vegetable crop is...

Road accidents kill six in three districts

2022-09-25 00:00:00

A total of six people were killed in separate road accidents in Dinajpur, Joypurhat and Gazipur districts on Saturday and Friday, report agencies.In Dinajpur, two members of a family were killed and another was injured after a truck knocked them...

Erosion threatens Cox's Bazar beach

OUR CORRESPONDENT | 2022-09-25 00:00:00

COX'S BAZAR, Sept 24: About 15 kilometres of the embankment along the Cox's Bazar sea beach are now at risk of disappearing due to continued erosion. The areas of the coastal zone that face significant erosion include Shahpari's island in...

NOVOAIR wins 'Best On Time Performance' award

2022-09-25 00:00:00

Leading private airline NOVOAIR has received the "Best On time performance of the Year- 2022" Gold award in domestic flight operation, reports UNB.The airline has also won a Silver award in the "Best Domestic Airline" category.The award-giving ceremony was held...