BRAC Bank's Reading Cafes in Dhaka headquarters and Chuadanga recently held month-long reading and discussion sessions on Anisul Hoque's novel 'Kokhono Amar Maakey.' The book, a poignant narrative about a woman violated during the liberation war of 1971 and her...
US lenders' second-quarter profits were squeezed by dampening loan demand and the high interest they paid to hold on to deposits, but a flurry of bond sales boosted their investment banking units, reports Reuters.The results illustrate the pressure on banks...
LONDON, July 18 (Reuters): Europe's traders were trying to pull stock markets out of tech-led tumble on Thursday, as attention turned to whether the European Central Bank would signal September is its next likely point to cut interest rates.It was...
SINGAPORE, July 18 (Reuters): Chip stocks in Asia tumbled on Thursday while their European counterparts got off to a tentative start after a news report that the United States was considering tighter curbs on exports of advanced semiconductor technology to...
Foreigners were net investors in Asian bonds for a second straight month in June, buoyed by expectations of an interest rate cut by the US Federal Reserve amid easing inflation levels and cooling labour market conditions, reports Reuters.Overseas investors acquired...
LONDON, July 18 (Reuters): Domino's Pizza fell short of estimates for quarterly same-store sales on Thursday, as inflation worries discouraged US consumers, particularly in the lower-income group, from eating out or ordering in, sending its shares down 11 per cent...
BENGALURU, July 18 (Reuters): India's Tata Communications reported its tenth straight rise in quarterly revenue on Thursday, helped by growth in its digital portfolio segment.The Tata Group-owned company's revenue rose 18 per cent to 56.33 billion rupees ($673.4 million) for...
BENGALURU, July 18 (Reuters): Infosys topped quarterly results estimates on Thursday on a recovery in demand from clients in its mainstay financial services business, prompting India's second-largest IT services firm to raise its revenue forecast for the financial year.US-listed shares...
SEOUL, July 18 (AFP): Samsung Electronics has bought a British startup that develops advanced AI technology, the South Korean tech giant said Thursday, as demand for its high-end chips used in artificial intelligence hardware surges.Oxford Semantic Technologies specialises in knowledge...
NEW DELHI, July 18 (Reuters): Indian Prime Minister Narendra Modi will seek to mend his relationship with voters in the federal budget to be announced next week, economic analysts said, citing possible steps to boost jobs and incomes as growth...
BEIJING, July 18 (AFP): Beijing's leaders vowed Thursday to resolve "risks" plaguing China's economy, but were yet to offer any concrete steps to pull the country out of its financial woes.The world's second-largest economy is grappling with a property debt...
BENGALURU, July 18 (Reuters): Indian shares recovered from a weak start to end at record closing highs on Thursday, led by information technology stocks as LTIMindtree's better-than-expected results added to expectations of a turnaround in the sector's fortunes.The NSE Nifty...
Mutual Trust Bank (MTB) has supported an initiative to improve disaster preparedness by distributing disaster resilience bags to local communities in flood-prone areas of Barguna Sadar upazila on June 13, 2024. MTB undertook this initiative through Footsteps Bangladesh that designed...
RFL, a leading business conglomerate, has been appointed as the exclusive distributor of China's famous bathware brand 'JOMOO' in Bangladesh. A Memorandum of Understanding (MoU) was signed between the two organisations in a ceremony held at the International Conference Centre...
FE REPORT | 2024-07-19 00:00:00
The securities regulator has paved the way for private limited companies to be sponsors of mutual funds (MFs).The Bangladesh Securities and Exchange Commission (BSEC) on Thursday issued a directive in this regard setting some eligibility criteria.As per the existing rules,...
FE REPORT | 2024-07-19 00:00:00
Non-listed Kapita Packaging Solutions has finally completed acquiring stakes of Yeakin Polymer's sponsor-directors nearly two years after receiving regulatory approval.It purchased more than 22.19 million shares constituting a 30.52 per cent stake in Yeakin Polymer outside the trading system of...
FE REPORT | 2024-07-19 00:00:00
Stocks plunged on Thursday mainly due to panic sell-offs, with turnover hitting one-month low, as the ongoing quota reform protests took a bloody turn across the country, denting investor confidence.The presence of investors on the trading floor was thin and...
NEW YORK, July 18 (Reuters): Blackstone said on Thursday its second-quarter distributable earnings rose 3 per cent from a year earlier, as a jump in asset sales in its private equity and credit divisions more than offset a slump in...
FRANKFURT, July 18 (AFP): European Central Bank policymakers are expected to leave borrowing costs on hold Thursday, buying time to make sure inflation is on the right track before cutting interest rates again.The ECB's governing council reduced interest rates for...
NEW YORK, July 18 (Reuters): Top Republicans in the US Congress called on Wednesday for the head of the Secret Service to resign after an assassination attempt wounded former President Donald Trump on Saturday, and the House launched a bipartisan...
Bangladesh LPG Autogas Station and Conversion Workshop Owners Association has demanded an increase in the commission on the sale of LPG autogas for motor vehicles, reports UNB.The association placed the demand during a meeting with Bangladesh Energy Regulatory Commission (BERC)...
FE REPORT | 2024-07-19 00:00:00
Bangladeshi authorities have used unlawful force against student protesters and failed to ensure their protection during the ongoing 'Bangla Blockade' demanding quota reform, said Amnesty International.Witness testimonies, video and photographic evidence analysed and authenticated by the global rights body and...
In response to the unrest sparked by ongoing protests demanding reforms to the quota system in government jobs, mobile internet services have been temporarily shut down, State Minister for Posts, Telecommunications, and Information Technology, Zunaid Ahmed Palak said Thursday, reports...
Amid the nationwide 'complete shutdown' by students seeking quota reforms in public job recruitment, commuters including the elderly and women brave long distances on foot in Dhaka on Thursday. — FE Photo by Asad-Uz-Zaman
Prime Minister Sheikh Hasina on Thursday urged the local and foreign entrepreneurs to come up with investment in extracting the marine resources as Bangladesh is determined to strengthen its ocean economy amid the growing demand of seafood in the world,...
FHM HUMAYAN KABIR | 2024-07-19 00:00:00
The Asian Development Bank (ADB) has revised down Bangladesh's economic growth forecast for the outgoing and current fiscal years from its earlier projection made in April last, as the country's industrial output is likely to decline during the period.It also...
FE REPORT | 2024-07-19 00:00:00
Economists expressed mixed reactions over the latest Monetary Policy Statement (MPS) for the next six months up to December, 2024. Former World Bank's Dhaka office lead economist Dr Zahid Hussain said the central bank thinks they have taken enough tightening...
Mir Mostafizur Rahaman | 2024-07-19 00:00:00
The ongoing unrest across the country poses downside risks of supply chain disruptions and further erosion in investment, economists have said, calling upon all to show restraint for putting an immediate end to violence.They also stressed the need for keeping...
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