LONDON, May 23 (Reuters): Vulnerabilities in widely used short-term markets for funding companies need to be addressed as stresses there can spread to the broader financial system during market turmoil, the global Financial Stability Board said on Wednesday.The FSB published...
SEOUL, May 23 (Reuters): South Korea announced on Thursday a 26 trillion won ($19 billion) support package for its chip businesses, citing a need to keep up in areas like chip design and contract manufacturing amid 'all-out warfare' in the...
Bangladesh Krishi Bank (BKB) held a special review meeting with the General Managers of all divisions of the bank at its Head Office on Thursday. Chairman of the bank Md Nasiruzzaman addressed the meeting as the chief guest while the...
Shanta Securities has been honoured as one of the top three brokerage houses in Bangladesh at the Bangladesh Securities and Exchange Commission (BSEC) Independence Golden Jubilee Award 2023 ceremony. Jatiya Sangsad Speaker Dr Shirin Sharmin Chaudhury handed over the award...
Certificates were distributed among the participants of a five-day training workshop titled 'Development of Leadership Quality of Branch Management' organised by Agrani Bank Training Institute (ABTI) on Thursday. Agrani Bank PLC Chief Executive Officer (current charge) and Deputy Managing Director...
PRAN Dairy Limited and Rangpur Foundry Limited, sister concerns of leading business conglomerate PRAN-RFL Group, have received the President's Award for Industrial Development 2021 in recognition of their contribution to the country's industrial sector. PRAN Dairy Limited won the first...
Islami Bank Capital Management Limited (IBCML) has been awarded the 'Independence Golden Jubilee Award 2023' in 'Merchant Banker' category for its contribution to the capital market. Bangladesh Securities and Exchange Commission (BSEC) has conferred the award. Jatiya Sangsad Speaker Dr...
Southeast Bank organised an executive conference titled 'Managing People for Peak Performance', in a move to bring together industry leaders and bankers dedicated to enhancing organisational performance through effective people management. Nuruddin Md Sadeque Hossain, managing director of Southeast Bank,...
Mutual Trust Bank (MTB) and IPDC Finance Limited recently signed an agreement for cash management services at MTB's corporate head office in Dhaka's Gulshan area. Syed Mahbubur Rahman, managing director and CEO of MTB; Md Khalid Mahmood Khan, additional managing...
ICB Asset Management Company Limited (ICB AMCL), a subsidiary of ICB, won the second prize in the asset management company category at the 'Independence Golden Jubilee Award, 2023'. The award ceremony, organised by the Bangladesh Securities and Exchange Commission (BSEC),...
GPH ispat Limited organised a technical seminar titled 'Quantum Electric Arc Furnace Technology for the Production of Construction Steel' on the MIST campus recently, says a press release. The event saw active participation of students and faculty members of MIST's...
NEW YORK, May 23 (Reuters): Meeting minutes from the Federal Reserve's most recent policy gathering showed that the decision then to moderate the pace of the balance sheet drawdown was not unanimous."Almost all participants expressed support for the decision to...
FE REPORT | 2024-05-24 00:00:00
Salvo Chemical Industry will treat its general shareholders unfairly, analysts say, if it issues ordinary shares to sponsors at less than 20 per cent of the current market price. The company belonging to the pharmaceuticals & chemicals sector has decided...
FE REPORT | 2024-05-24 00:00:00
Stocks witnessed yet another major setback on Thursday, extending the losing streak for eight days in a row, as investors continued to sell off their holdings amid growing concerns over economic uncertainties.The latest regulatory efforts failed to stem the market...
ISTANBUL, May 23 (AFP): Turkey's central bank on Thursday kept its key interest rate stable for the second month in a row even as the country is struggling with soaring inflation.The bank's monetary policy committee said it had decided to...
PARIS, May 23 (AFP): The IMF urged France on Thursday to take more measures this year to reduce its debt load, warning that the budget deficit will be sharply higher than forecast in 2027.The IMF said in a statement that...
ROME, May 23 (Reuters): US Treasury Secretary Janet Yellen on Thursday urged G7 ministers meeting in Italy to work on "more ambitious options" to use frozen Russian assets to help Ukraine.The ministers and central bankers from the Group of Seven...
Russia will likely open its first liquefied petroleum gas (LPG) terminal on the Pacific Ocean coast with joint investments from China by the end of 2025, two industry sources said on Wednesday, reports Reuters.Last week, Russian Direct Investment Fund (RDIF)...
BRAC Bank PLC has congratulated newly appointed Financial Institutions Division Secretary Md Abdur Rahman Khan. BRAC Bank's Deputy Managing Director and Head of Branch Distribution Network Sheikh Mohammad Ashfaque greeted the Secretary with a bouquet at his office on Thursday.
Rupali Bank PLC has opened Belghar Sub-branch under Buschi Bazar Branch at Lalmai in Cumilla. The bank's Chairman Kazi Sanaul Hoque inaugurated the Sub-branch virtually on Thursday. The bank's Managing Director (additional charge) Parsuma Alam, Deputy Managing Directors Hasan Tanvir...
India's rice export prices edged higher this week as buyers opted for the relatively cheaper offers from the top exporter, while Thai rates hovered near the three-month peak as demand from Indonesia and domestic activity remained firm, reports Reuters.Top exporter...
Jamuna Bank PLC has been awarded as one of the 'Best Climate-Focused Banks & Financial Institutions' in Bangladesh, at the 3rd session of the 24th National Renewals Energy Conference & Green Expo 2024. The Institute of Energy, University of Dhaka,...
The Board of Directors of DBH Finance PLC has elected Dr. Mushtaque Chowdhury the Chairman of the company at its 149th meeting recently, says a press release.Dr. Chowdhury was the Vice Chair of BRAC, the world's largest non-governmental organisation. He...
FE REPORT | 2024-05-24 00:00:00
Twenty industrial entities have been awarded the 'President's Award for Industrial Development 2021' in recognition of their outstanding contribution to economic development and job creation through industrialisation.Industries Minister Nurul Majid Mahmud Humayun handed over the awards comprising crests and certificates...
LONDON, May 23 (Reuters): Robusta coffee futures on ICE fell on Thursday as the market consolidated Wednesday's near 5 per cent surge, though concerns over dry conditions in top producer Vietnam continue to underpin the market.July robusta coffee fell 3.4...
LONDON, May 23 (Reuters): Gold prices declined to a one-week low on Thursday, extending their fall for a third consecutive session on profit-taking after minutes from the US Federal Reserve's latest meeting indicated that interest rates would stay higher for...
PARIS/SINGAPORE, May 23 (Reuters): Chicago wheat consolidated on Thursday following a 10-month peak a day earlier as traders assessed rain forecasts in Russia to see if crop conditions in the world's top exporter may stabilise after drought and frost damage.Corn...
MUMBAI, May 23 (Reuters): Malaysian palm oil futures rose on Thursday due to weakness in the Malaysian ringgit and expectations of improved demand as the tropical oil started trading at a discount to rival soft oils. The benchmark palm oil...
LONDON, May 23 (Reuters): Oil prices crept up on Thursday, clawing back some of the previous three days' losses despite the US Federal Reserve entertaining further tightening of interest rates if inflation remains sticky, a move that could hurt oil...
MILAN, May 23 (AFP): Gianluca Scamacca has played his way into Italy's provisional squad for Euro 2024 after a phenomenal end to the season, as coach Luciano Spalletti announced on Thursday his provisional squad for Germany.Striker Scamacca was picked by...
© 2024 - All Rights with The Financial Express
