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Bridgewater cuts short positions in European companies

2022-08-19 00:00:00

NEW YORK, Aug 18 (Reuters): Bridgewater Associates has cut most of its disclosed mammoth bets against European stocks, according to data group Breakout Point, using the hedge fund's public disclosures.In July, Bridgewater's big shorts against stocks in more than 50...

Mexican fintech Covalto to list on Nasdaq via SPAC

2022-08-19 00:00:00

MEXICO CITY, Aug 18 (Reuters): Mexican digital and banking services platform Covalto said on Thursday it will list on the Nasdaq exchange through a special purpose acquisition company (SPAC), the first time a Mexican fintech trades publicly on a US...

World stocks gain, shrugging off latest policymaker inflation concerns

2022-08-19 00:00:00

LONDON, Aug 18 (Reuters): Stocks have staged a strong rebound in the past two months on hopes a peak in the pace of monetary tightening is within sight, but they remain vulnerable to central banker warnings that the fight against...

News Briefs (2022-08-19)

2022-08-19 00:00:00

Spot tradingFirst Finance: Trading of the shares of First Finance Limited will be allowed only in the spot market from August 21, 2022 to 23.08.2022 as the record date of the company is on August 24, 2022.Transmission of sharesAdvanced Chemical...

Sylhet Zone of Islami Bank Bangladesh Limited organised a webinar on 'Compliance of Shari'ah in Banking

2022-08-19 00:00:00

Sylhet Zone of Islami Bank Bangladesh Limited organised a webinar on 'Compliance of Shari'ah in Banking Operations' recently on a virtual platform. Professor Md Kamal Uddin, Director of the bank, addressed the webinar as the chief guest. Md Omar Faruk...

China regulator launches new probe into banks' property loan exposure

2022-08-19 00:00:00

SHANGHAI/BEIJING, Aug 18 (Reuters): China's banking regulator is scrutinising property loan portfolios of some local and foreign lenders to assess systemic risks, sources with knowledge of the matter said, as a crisis in the real estate sector worsens and weighs...

BRAC Bank hosts training for new entrepreneurs

2022-08-19 00:00:00

BRAC Bank has formally launched an intensive training for the second batch of promising business owners under the 'Entrepreneurship Development Programme' of Bangladesh Bank, says a statement.Bangladesh Bank has taken the lead in this capacity-building initiative under the Skills for...

Chairman of the Board of Directors of Uttara Bank Limited Azharul Islam along with Managing Director & CEO Mohammed Rabiul Hossain

2022-08-19 00:00:00

Chairman of the Board of Directors of Uttara Bank Limited Azharul Islam along with Managing Director & CEO Mohammed Rabiul Hossain and other officials inaugurated the 244th branch of the bank at Teknaf in Cox's Bazar on Wednesday.

Ten biggest listed cos grab 37pc market cap of DSE

FE REPORT | 2022-08-19 00:00:00

Ten largest listed companies by market value accounted for 37 per cent of the total market capitalisation of Dhaka Stock Exchange as of Wednesday despite price erosion of their stock.The total market cap of the DSE now stands at approximately...

Britain to receive rare LNG cargo from Australia, Oman

2022-08-19 00:00:00

LONDON, Aug 18 (Reuters): Britain is set to receive a rare shipment of liquefied natural gas (LNG) sourced from Australia and Oman later this month, as countries across Europe strive to secure enough supplies ahead of winter.European nations are seeking...

Dubai airport gears up to handle World Cup supporters

2022-08-19 00:00:00

DUBAI, Aug 18 (AFP): Dubai International Airport, a major aviation hub, is gearing up to help ease transit travel for World Cup supporters ahead of the tournament starting in November, its director said Wednesday.The first World Cup ever held in...

Crisis-hit Sri Lanka warns of record 8pc economic contraction

2022-08-19 00:00:00

COLOMBO, Aug 18, 2022 (BSS/AFP) - Sri Lanka's economic meltdown will result in a record contraction of at least eight percent this year but the public could soon expect some relief from runaway inflation, the head of the country's central...

Germany to lower tax on gas to help consumers

2022-08-19 00:00:00

BERLIN, Aug 18 (AFP): Chancellor Olaf Scholz said on Thursday that Germany would temporarily slash the sales tax on gas to help consumers facing soaring bills amid a crunch in Russian energy supplies.Scholz said the move to cut the VAT...

IMF sees Saudi growth soaring 7.6pc this year on high oil prices

2022-08-19 00:00:00

RIYADH, Aug 18 (AFP): The Saudi economy is expected to grow 7.6 percent this year, up from 3.2 percent in 2021, on the back of soaring oil revenues, the International Monetary Fund said Wednesday.The government's Vision 2030 reform programme, designed...

Gold near two-week low as dollar firms after Fed minutes

2022-08-19 00:00:00

Aug 18 (Reuters): Gold prices were near a two-week low on Thursday as the dollar gained after minutes from the Federal Reserve's July meeting suggested the central bank would keep raising rates to tame inflation. Spot gold was flat at...

Biman launches flights to China's Guangzhou

2022-08-19 00:00:00

Biman Bangladesh Air-lines started operating flights on Dhaka-Guangzhou-Dhaka route from Thursday morning, reports UNB.State Minister for Civil Aviation and Tourism Md Mahbub Ali inaugurated the flights at Hazrat Shahjalal International Airport in the capital this morning, according to a press...

Oil rises on US crude stocks data, tight supply outlook

2022-08-19 00:00:00

Oil prices rose on Thursday as robust US fuel consumption data and expected falls in Russian supply later in the year offset concerns that a possible recession in developed economies could undercut demand, reports Reuters. Brent crude futures climbed $1.33,...

News in Briefs (2022-08-19)

2022-08-19 00:00:00

43 women entrepreneurs get sewing machinesRANGAMATI, Aug 18: Sewing machines were distributed among women entrepreneurs in Langadu upazila of the hilly district on Thursday. Dipankar Talukder, MP, distributed the sewing machines in a function held at the upazila rest house...

A view of a bamboo market beside the Shitalakhya River in Tarabo area of Rupganj upazila of Narayanganj

2022-08-19 00:00:00

A view of a bamboo market beside the Shitalakhya River in Tarabo area of Rupganj upazila of Narayanganj district on Thursday — Focus Bangla

Two minor girls drown in ponds

2022-08-19 00:00:00

LAKSHMIPUR, Aug 18 (BSS): Two minor girls drowned in two separate ponds in the upazila of the district on Thursday.The deceased were Faria Akter, 4, hailed from Shaistanagar village in the upazila, and Rizu Akter, 2, an inhabitant at Mohadebpur...

Bogura road crashes kill four---

2022-08-19 00:00:00

Four persons were killed in separate road accidents in Bogura district on Thursday, reports UNB.Two people were killed and four others injured when a speeding bus hit a CNG-run auto-rickshaw on the Dhaka-Bogura highway in the Hamchayapur area of Bogura's...

Manikganj banana farmers cheer

2022-08-19 00:00:00

MANIKGANJ, Aug 18 (BSS): Banana farming has been playing a vital role in improving the socio-economic condition of people in many areas of the district, bringing smiles on farmers' faces as it makes their fortune.Farmers of Harirampur, Daulatpur and Ghior...

Son arrested for ‘killing mother’, arms recovered in Ctg

OUR CORRESPONDENT | 2022-08-19 00:00:00

CHATTOGRAM, Aug 18: Mainul Islam, 29, who allegedly shot his mother to death in the Patiya area in Chattogram, has been arrested by Rapid Action Battalion (RAB-7). The elite force also recovered the arms that was used for killing from...

Gazipur teacher couple found dead inside car

2022-08-19 00:00:00

GAZIPUR, Aug 18 (UNB): A teacher-couple was found dead inside their car in the Borobari area of Gazipur district on Thursday.The deceased were identified as AKM Ziaur Rahman Mamun, the headmaster of Tongi Shaheed Smriti High School, and his wife...

Thrust on jute processing thru ribbon retting

2022-08-19 00:00:00

RANGPUR, Aug 18 (BSS): Experts at a technology demonstration function have stressed on adopting the lowest-cost ribbon retting method in rotting jute plants amid water scarcity to get upgraded quality of the fibre with increased yield rate. They viewed this...

Native fruit varieties go extinct due to climate change

2022-08-19 00:00:00

NARSINGDI, Aug 18 (BSS): The native fruit varieties are disappearing fast in the district due to adverse impact of climate change, use of agro-chemical in the ground and want of planning on production and marketing of native fruits.Once there were...

Tourists struggle to visit Damtua waterfall in Alikadam upazila of Bandarban district as the stairway towards

2022-08-19 00:00:00

Tourists struggle to visit Damtua waterfall in Alikadam upazila of Bandarban district as the stairway towards the hilltop has got damaged. No steps have been taken to repair it. The photo was taken on Thursday — Focus Bangla

Indonesia seeks stronger coop with Bangladesh

2022-08-19 00:00:00

The Embassy of the Republic of Indonesia in Dhaka has celebrated the 77th Independence Day of the Republic of Indonesia amid festivities, reports UNB. The day's events began with a flag hoisting ceremony in the morning on the premises of...

Female football academy to be established in Rajshahi

2022-08-19 00:00:00

RAJSHAHI, Aug 18 (BSS): A female football academy will be established at the Liberation War Memorial Stadium here aimed at generating competent football players among females.The National Sports Council (NSC) will establish the academy with financial assistance of the ministry...

Mushfiqur preparing for Asia Cup

2022-08-19 00:00:00

Mushfiqur Rahim, the Bangladesh wicketkeeper-batter, has hit the nets with an ultra-aggressive mindset, preparing for the upcoming Asia Cup, scheduled to start in UAE from August 27, reports Cricbuzz.Mushfiqur, who is making a return to the national T20 setup, last...