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Report in case over SK Sinha's house in US on October 19

2022-08-04 00:00:00

A Dhaka court on Wednesday fixed October 19 for submitting the investigation report against former Chief Justice Surendra Kumar (SK) Sinha and his brother Ananta Kumar Sinha in a case filed by the Anti-Corruption Commission (ACC), reports BSS.ACC filed the...

Scope for politics gets limited: GM Quader

2022-08-04 00:00:00

Jatiya Party Chairman GM Quader on Wednesday bemoaned that the atmosphere for doing politics in Bangladesh has now become limited, reports UNB."There's no politics in the country… the people's freedom of expression has also been squeezed. It is a great...

BNP calls hartal in Bhola for today

2022-08-04 00:00:00

BHOLA, Aug 03 (UNB): Bhola unit BNP has called a dawn-to-dusk hartal in the district for Thursday protesting the death of Jatiyatabadi Chhatra Dal (JCD) district unit president Nure Alam in a clash between police and BNP men, reports UNB.The...

B'desh eagerly waiting to welcome UN rights chief Bachelet: Shahriar

2022-08-04 00:00:00

State Minister for Foreign Affairs Md Shahriar Alam has said the government is eagerly waiting to welcome UN rights chief Michelle Bachelet which will give her an opportunity to see the progress and challenges in Bangladesh on the rights front,...

Expelled pupils take CU exams!

OUR CORRESPONDENT | 2022-08-04 00:00:00

CHATTOGRAM, Aug 03: Two expelled students of Chattogram University (CU) attended the second-year honours final examination on Wednesday, violating the rules.On 16 September 2021, sources said, the CU expelled four students, who were also Chhatra League leaders, for one year...

Dilip Barua condemns Nancy Pelosi's visit to Taiwan

FE REPORT | 2022-08-04 00:00:00

General Secretary of Communist Party of Bangladesh (M-L) and Chairman of Bangladesh-China Silk Road Forum Dilip Barua on Wednesday condemned Nancy Pelosi's recent visit to Taiwan.Terming Taiwan an 'inalienable part' of China's territory and the Taiwan question purely an 'internal...

Asaduzzaman Khan inaugurates Louhajang and Tongibari fire stations

2022-08-04 00:00:00

Home Minister Asaduzzaman Khan inaugurates Louhajang and Tongibari fire stations in Munshiganj district on Tuesday

BNP, Gono Odhikar Parishad agree to wage oust-govt movement

2022-08-04 00:00:00

BNP Secretary General Mirza Fakhrul Islam Alamgir on Wednesday expressed satisfaction with the outcomes of their talks with Gono Odhikar Parishad as they reached a consensus on waging a simultaneous movement for ousting the current regime and ensuring the next...

BNP’s arson attack will be tackled strictly: Quader

2022-08-04 00:00:00

Awami League General Secretary and Road Transport and Bridges Minister Obaidul Quader on Wednesday said if BNP again chooses the path of arson attack in the name of taking to the streets, it will be handled with an iron hand,...

Airbus axes remaining A350 jet deal with Qatar

2022-08-04 00:00:00

PARIS, Aug 03 (Reuters): Airbus has revoked its entire outstanding order from Qatar Airways for A350 jets, severing all new jetliner business with the Gulf carrier in a dramatic new twist to a dispute clouding World Cup preparations, two industry...

As wheat prices soar, world's consumers vote with their feet

2022-08-04 00:00:00

SINGAPORE, Aug 03 (Reuters): Global wheat consumption is headed for its biggest annual decline in decades as record inflation forces consumers and companies to use less and replace the grain with cheaper alternatives, amid growing food insecurity. Consumers may face...

IDCOL awarded Certificate of Appreciation

2022-08-04 00:00:00

The Infrastructure Development Company Ltd. (IDCOL) has been awarded Certificate of Appreciation by the Large Taxpayers Unit (LTU) of the National Board of Revenue (NBR) for being the highest taxpayer in the non-bank financial institution category for the fiscal year...

Gold prices advance as dollar falls, US-China tensions rise

2022-08-04 00:00:00

NEW DELHI, Aug 03 (Reuters): Gold prices advanced on Wednesday as the dollar fell and US-China tensions rose, although firmer US Treasury yields capped gains in the non-yielding asset to hold it below a one-month high hit in the last...

US stocks bounce after two down sessions

2022-08-04 00:00:00

NEW YORK, Aug 3 (AFP): Wall Street stocks bounced early Wednesday after two down sessions following another round of earnings that included good results from Starbucks and CVS Health.Shares of both companies rose following the reports, with Starbucks reporting record...

AXA's shares surge

2022-08-04 00:00:00

PARIS, Aug 3 (Reuters): French insurer AXA announced a new share buyback programme as it posted a 3 per cent rise in first-half net profit, driving up its stock price.AXA, Europe's second-biggest insurer behind Germany's Allianz , said it would...

Ukraine's Naftogaz sweetens deal for bondholders in search for debt relief

2022-08-04 00:00:00

NEW YORK, Aug 3 (Reuters): Ukrainian state-owned gas company Naftogaz has laid out a new debt payment freeze plan, a week after becoming the first government entity to default since the start of the Russian invasion in late February.The energy...

JPMorgan, Bank of America invest in L'ATTITUDE Ventures' first fund

2022-08-04 00:00:00

L'ATTITUDE Ventures on Wednesday closed its first institutional fund raising over $100 million with an anchor investment from Wall Street giant JPMorgan Chase and initial investments from Trujillo Group and Bank of America, reports Reuters.The fund which intends to invest...

Tata Capital Housing Finance to issue bonds

2022-08-04 00:00:00

MUMBAI, Aug 3 (Reuters): India's Tata Capital Housing Finance plans to raise funds through sale of a two-part bond issue, three merchant bankers said.The housing finance company plans to raise at least 500 million rupees ($6.35 million) through three-year bonds...

Emerging Asian equities see first monthly inflows in seven months

2022-08-04 00:00:00

Emerging Asian equities ex-China saw monthly foreign inflows in July, after six months of capital withdrawals, as investors bet that the size of US interest rate hikes would ease, and that a recent drop in commodity prices would temper surging...

Sadharan Bima Corporation -

2022-08-04 00:00:00

Sadharan Bima Corporation Managing Director Syed Shahriar Ahsan receiving two cheques — one for Tk 52,05,000 on account of 13% cash dividend from investment in the IDLC Growth Fund and another for Tk 74,05,000 on account of 18.5% cash dividend...

Large Taxpayers Unit of NBR honoured different banks and institutions

2022-08-04 00:00:00

The Large Taxpayers Unit (LTU) of the National Board of Revenue (NBR) has honoured different banks and other institutions as top taxpayers for the fiscal year 2021-22 in different categories in the city recently:

News Briefs (2022-08-04)

2022-08-04 00:00:00

Disbursement of dividend EXIM Bank Limited: The company has disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.Board meetingSunlife Insurance Company Ltd: A board meeting of the company will be held on 10 August...

BRAC Bank opened branch at Progoti Shoroni and sub-branch at Nikunja

2022-08-04 00:00:00

BRAC Bank has opened a branch at Progoti Shoroni and a sub-branch at Nikunja in Dhaka to provide the most modern banking services to the customers of the locality. Selim R.F. Hussain, Managing Director & CEO, BRAC Bank, formally inaugurated...

Mazeda Khatun promoted to ICB GM

2022-08-04 00:00:00

Mrs Mazeda Khatun has been promoted to the post of General Manager and assigned to the Investment Corporation of Bangladesh (ICB) through a notification of the Financial Institutions Division of the Ministry of Finance, says a press release. Prior to...

Khairul Alam elected Chairman of AB Bank

2022-08-04 00:00:00

The Board of Directors of AB Bank Limited has elected director Khairul Alam Choudhury as the bank's Chairman with effect from August 02, 2022. Khairul Alam Choudhury, Barrister-at-Law, joined AB Bank as Director in 2018. He is a practicing lawyer...

GP wins Digital Nation Award by GSMA

2022-08-04 00:00:00

Grameenphone has received The Digital Nation Award from the GSMA for democratizing connectivity and digitally empowering communities, says the company in a statement.The company's efforts to minimize the digital divide through vast, high-speed, affordable, accessible internet penetration and to empower...

Weak NBFIs rule top gainers' list

FE REPORT | 2022-08-04 00:00:00

The share prices of some low-performing non-bank financial institutions (NBFIs) dominated the gainers' list on the Dhaka Stock Exchange (DSE) on Wednesday - following news that the securities regulator was going to restructure their boards.Professor Shibli Rubayat-Ul-Islam, chairman of the...

DSEX gains 320 points in 4 days

FE REPORT | 2022-08-04 00:00:00

Dhaka stocks witnessed another bullish session on Wednesday, with the turnover hitting nearly Tk 12 billion, as buoyant investors continued their buying spree - anticipating further positive momentum ahead.The market skyrocketed at the beginning of the session, riding on the...

IMF toughens stance on Pak loan tranche

2022-08-04 00:00:00

The International Monetary Fund (IMF) on Tuesday conditioned the approval of the $1.2 billion loan tranche in late August with Pakistan's ability to timely secure 'adequate assurances' from friendly countries for more loans to bridge financing gap, exposing Islamabad to...

Possible for US, EU to avoid recession: Fed

2022-08-04 00:00:00

WASHINGTON, Aug 3 (AFP): The United States and the European Union can avoid recession and achieve a soft landing by bringing inflation down to an acceptable level, a US central bank official said Tuesday."A soft landing is feasible in the...