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Moderate rain brings some relief

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

A mild to moderately heavy rainfall, accompanied by thunder storms and lightning, occurred in the capital on Thursday afternoon, bringing some relief to people amid heat waves that continued for the last several days.The rains that lasted for almost an...

Ex-SP Babul lodges complaint against six PBI officials

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

CHATTOGRAM, Sept 08: Former Superintendent of Police (SP) Babul Akter has lodged a complaint with a Chattogram court against six officials of the Police Bureau of Investigation (PBI), including its Chief Banaj Kumar Majumder, for torturing him in police custody....

Hopes high on opening by Dec

2022-09-09 00:00:00

KHULNA, Sep 8 (UNB): The Khulna-Mongla railway line, which is expected to expedite the economic activities of the Mongla sea port, is likely to be operational in December.The construction work of the railway track is going on in full swing....

ASI remanded over attempt to frame innocent in drugs case

2022-09-09 00:00:00

A Dhaka court on Thursday placed three people including assistant sub-inspector (ASI) of Pallabi Police Station Mahbubul Alam on two-day remand each in a case lodged over their alleged attempt to frame one innocent man in a drugs case by...

Swechchashebak League activist beaten to death in Shariatpur

2022-09-09 00:00:00

SHARIATPUR, Sept 08 (UNB): A 32-year-old Swechchashebak League activist was beaten to death allegedly by his rivals in Naria upazila of Shariatpur district on Wednesday night.The deceased was identified as Mamun Khan, former publicity secretary of Swechchashebak League's Naria municipality...

Court frames charges against PK Halder, others

2022-09-09 00:00:00

A Dhaka court on Thursday framed charges against Proshanto Kumar Halder, disgraced director of International Leasing and Finance Service Ltd (ILFSL), and 13 others in a case over laundering money and amassing illegal assets, reports UNB.The other accused are- PK...

Govt won’t obstruct peaceful movements of BNP: Anisul

2022-09-09 00:00:00

SAVAR, Sept 08 (BSS): Law, Justice and Parliamentary Affairs Minister Anisul Huq on Thursday said the government will not obstruct any peaceful movement of BNP, but it (government) will act strongly against any unruly activities in the name of movement."If...

Democracy to be restored in country: Fakhrul

2022-09-09 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir on Thursday said a good time will come with the restoration of democracy in the country, reports UNB."Your son was seriously injured in the movement for the restoration of democracy. His suffering and...

BNP's movement means anarchy, says Quader

2022-09-09 00:00:00

Awami League (AL) General Secretary Obaidul Quader on Thursday said the movement of Bangladesh Nationalist Party (BNP) means instigating terrorist acts and anarchy in the name of occupying the streets, reports BSS."The traditional character of BNP is hindering the country's...

Indian shares end higher (2022-09-09)

2022-09-09 00:00:00

BENGALURU, Sept 8 (Reuters): Indian shares closed 1 per cent higher on Thursday, snapping two straight sessions of losses, led by gains in banking and technology stocks and a slump in oil prices.The NSE Nifty 50 index was 0.99 per...

Darktrace share price crashes

2022-09-09 00:00:00

LONDON, Sept 8 (AFP): Shares in cyber security company Darktrace crashed 30 percent Thursday after US private equity firm Thoma Bravo ended its takeover interest in the British group.In a statement to the London Stock Exchange, Darktrace said "discussions with...

Hedge funds root for Vietnam, China R&D among Asia picks at Sohn conference

2022-09-09 00:00:00

HONG KONG, Sept 8 (Reuters): Hedge fund managers in Asia are bullish on Vietnam's growth prospects and selectively looking to invest in emerging technological opportunities in China.At the annual Sohn investment conference in Hong Kong this week, hedge fund managers...

European stocks diverge before major UK, ECB announcements

2022-09-09 00:00:00

LONDON, Sept 8 (AFP): European stock markets traded mixed Thursday, ahead of major policy decisions from Britain and the European Central Bank aimed at tackling sky-high inflation.The pound remained close to a 37-year low against the dollar that was struck...

Markets to ‘fall further as econ fundamentals worse than 2007’

2022-09-09 00:00:00

Financial markets should brace for further pain, with global economic health at its most precarious level in years, due to stubborn inflation, hawkish central banks and geopolitical tensions, veteran investor Jeremy Grantham said late Wednesday, reports Reuters."This is a more...

News Briefs (2022-09-09)

2022-09-09 00:00:00

Disbursement of dividend Trust Bank Limited: The company has disbursed cash dividend for the year ended on December 31, 2021 along with sale proceeds of fractional stock dividend to the respective shareholders' bank accounts through BEFTN/ online on August 21,...

Markets in Asia-Pacific mixed

2022-09-09 00:00:00

Markets in Asia-Pacific were mixed on Thursday following Wall Street's solid rebound rally overnight in the best day since August 10 for all three averages, reports CNBC. Investors were also closely watching Federal Reserve Chair Jerome Powell's speech on the...

Porsche listing sees huge interest, only some investors question dual role: Blume

2022-09-09 00:00:00

BERLIN/FRANKFURT, Sept 8 (Reuters): The planned listing of Porsche AG has generated huge investor interest, Volkswagen and Porsche Chief Executive Oliver Blume said on Thursday, playing down concerns over how he will manage both companies following the IPO.Attracting interest from...

Course for young entrepreneurs:

2022-09-09 00:00:00

 Shahjalal Islami Bank Limited organised a month-long training course on 'Entrepreneurship Development' under the Skills for Employment Investment Programme (SEIP) tranche-3 Project under the supervision of SME & Special Programme Department of Bangladesh Bank. The SME & Agri. Investment Department...

LEADERSHIP Training:

2022-09-09 00:00:00

UCB organised a series of outreach leadership intervention titled 'BOLD: Drive the Thrive' exclusively designed for all the Head of Branches of the bank. The last session was inaugurated by Arif Quadri, Managing Director & CEO of UCB, where he...

Apple lovers in Asian countries to pay more for iPhone 14

2022-09-09 00:00:00

SINGAPORE, Sept 08 (Reuters): Apple Inc on Wednesday kept prices for its latest iPhone stable in the United States, but raised prices in some Asian countries where currencies have dropped against the dollar in the past year.Buyers of the basic...

Toyota, Honda, Nissan get Greenpeace thumbs-down

2022-09-09 00:00:00

TOKYO, Sept 08 (Reuters): Japanese automakers Toyota Motor Corp, Honda Motor Co and Nissan Motor CO ranked at the bottom of a new Greenpeace study on 10 automakers' decarbonisation efforts, the environmental group said on Thursday.Greenpeace ranked Toyota last out...

China's car sales rise the most in a decade

2022-09-09 00:00:00

BEIJING, Sept 08 (AFP): Sales of passenger cars in China rose 28.9 per cent on-year in August-the most in a decade-driven by a surge in demand for electric vehicles, a trade body said Thursday.A total of 1.87 million vehicles were...

Minister Group Chairman in PM's entourage

2022-09-09 00:00:00

Prime Minister Sheikh Hasina left for Delhi on Monday on a four-day state visit at the invitation of Indian Prime Minister Narendra Modi, said a press release. 170 public and private sector individuals including chairman of the Minister Group and...

Meena Bazar’s 17th outlet at Shanir Akhra

2022-09-09 00:00:00

Meena Bazar opened its 17th outlet at Shanir Akhra in the city on Thursday, said a press release. CEO of Meena Bazar Shaheen Khan inaugurated the outlet.Social Worker of Shaheed Nagar MA Jalil High School Engineer Abdul Mannan Bhuiyan was...

Arla Foods BD signs deal with Mediacom

2022-09-09 00:00:00

Mediacom Limited has recently signed an agreement with the European Multinational Company Arla Foods Bangladesh Limited, said a press release.Peter Hallberg, managing director of Arla Foods Bangladesh Limited, and Ajoy Kumar Kundu, chief executive officer (CEO) of Mediacom Limited, signed...

Single-use plastic to be phased out in coastal areas

2022-09-09 00:00:00

FE REPORT The government has endorsed a roadmap to phase out single-use plastic in coastal areas to protect the environment from the deadly pollution and ensure a clean coastal environment. The environment ministry has issued a gazette notification to this...

Orion Pharma, Orion Infusion keep rising sans PSI

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

Orion Infusion and Orion Pharma are witnessing unprecedented price hikes and increased volume of share transactions in recent times despite having no undisclosed price sensitive information (PSI).Orion Pharma's shares jumped 49 per cent or Tk 41 each in a month...

Stocks take a breather after bumpy ride

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

Stocks extended the gaining streak for the third straight session Thursday amid high volatility as some of the investors booked profit from the recent price surge.The market swung between gains and losses before closing marginally higher although prices of most...

Anger over bloated new Sri Lanka government

2022-09-09 00:00:00

COLOMBO, Sept 08 (AFP): Sri Lanka added 37 new senior posts to its government on Thursday, sparking a social media backlash over "useless" public spending in the middle of its worst economic crisis on record.The country of 22 million has...

ECB poised for another big rate hike as inflation soars

2022-09-09 00:00:00

FRANKFURT, Sept 08 (Reuters): The European Central Bank will raise interest rates again on Thursday to fight runaway inflation and, with a big move and a record one under consideration, the only question is by how much.Concerned that sky-high inflation...