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Stocks tumble below 5,600 mark as investor sentiment turns sour

FE REPORT | 2024-05-18 00:00:00

Stocks tumbled below 5,600 mark again this week, wiping out all the gains of the previous two weeks, as investors opted to flee the riskier assets amid persistent macroeconomic uncertainties. The investors trimmed their exposure to the stock market owing...

Russia, Iran working to create single BRICS currency: Iranian envoy

2024-05-18 00:00:00

KAZAN, May 17 (TASS): Iran is actively participating in the activities organized under of Russia's chairmanship in BRICS, and the countries are working to create a single currency for the association, Iranian Ambassador to Russia Kazem Jalali said at a...

India, China, Russia, Belarus keen to import mangoes from BD

2024-05-18 00:00:00

RAJSHAHI, May 17 (BSS): Agriculture Minister Dr Abdus Shahid, MP, has said India, China, Russia and Belarus are very much interested in importing mangoes produced in Rajshahi, including its vast Barind tract.He also said a Chinese team will see the...

GENEX INFOSYS PARTNERS WITH CITY BANK

2024-05-18 00:00:00

Genex Infosys Ltd, a premier IT enablement company, and City Bank PLC, a leading provider of banking solutions, signed an agreement recently at the bank's Head Office at Gulshan in Dhaka. The collaboration marks a significant milestone in the financial...

Two-day 'Fashion Tech Week' ends in Dhaka

FE REPORT | 2024-05-18 00:00:00

The debut edition of 'Fashion Tech Week' (FTW) concluded in Dhaka. The event was aimed at Empowering the Bangladesh Readymade Garment (RMG) industry.In the two-day event exhibitors and visitors witnessed valuable opportunities in the tech driven apparel business. The two...

CCCI holds meeting with Korean envoy

OUR CORRESPONDENT | 2024-05-18 00:00:00

CHATTOGRAM, May 17: The Chittagong Chamber of Commerce and Industry (CCCI) held a view exchange meeting with the Ambassador of the Republic of Korea at the World Trade Centre (WTC) in the port city Chattogram on Thursday. Addressing the meeting,...

CPA to get land to build Bay Terminal next week

NAZIMUDDIN SHYAMOL | 2024-05-18 00:00:00

CHATTOGRAM, May 17: The Chattogram district administration will hand over 500.9863 acres of khas land to the Chittagong Port Authority (CPA) to build the Bay Terminal at a token price within the next week. The CPA has already deposited three...

Robi, Banglalink to explore network sharing

FE REPORT | 2024-05-18 00:00:00

Robi and Banglalink, two leading mobile network operators in Bangladesh, signed on Thursday a Memorandum of Understanding (MoU) to evaluate possible sharing and rationalisation of their network resources. This collaboration is set to expand 4G access nationwide, enhancing both the...

US football player Patrick Mahomes (L) and US former football player Brittany Mahomes

2024-05-18 00:00:00

US football player Patrick Mahomes (L) and US former football player Brittany Mahomes attend Sport Illustrated swimsuit 2024 issue release and 60th anniversary red carpet in New York City on Friday — AFP

England captain Buttler buoyed by return of Archer

2024-05-18 00:00:00

LONDON, May 17 (AFP): England white-ball captain Jos Buttler is glad to see "proper superstar" Jofra Archer back in action following the fast bowler's wicket-taking return to action for Sussex's 2nd XI.Injuries have blighted Archer's international career and he has...

Messi's record $20.4m salary dwarfs entire MLS teams

2024-05-18 00:00:00

MIAMI, May 17 (AFP): Lionel Messi's record $20.45 million annual salary from Inter Miami makes him by far the best paid player in Major League Soccer (MLS) but also puts him ahead of the entire squads of 25 of the...

Eighteen players share lead in rating chess

2024-05-18 00:00:00

Eighteen players shared lead in the points table with maximum two points after the second round matches of Dhaka Chess Academy FIDE Rating Chess Tournament which began on Friday at Bangladesh Chess Federation hall-room in the city, reports BSS.They are:...

Independence Day Volleyball meet begins today

2024-05-18 00:00:00

The Independence and National Day Volleyball Tournament 2024, organised by Bangladesh Volleyball Federation (BVF), begins today (Saturday) at Shaheed Noor Hossain National Volleyball Stadium in the city on Friday, reports UNB.Director General of BKSP Brigadier General Syed Mohammad Motahar Hossain...

Boxing champion Sura Krishna joins UCB

2024-05-18 00:00:00

Champion boxer Sura Krishna Chakma has joined United Commercial Bank PLC (UCB) recently, says a statement. Mr Sura Krishna participated in numerous international events as a representative of the nation.He has won multiple gold medals at the Bangladesh Games and...

Brazil to host 2027 Women's WC

2024-05-18 00:00:00

BANGKOK, May 17 (AFP): The Women's World Cup will take place in South America for the first time after Brazil was chosen to host the 2027 edition at a FIFA congress Friday marked by debate about the war in Gaza.After...

Abahani return to winning streak

2024-05-18 00:00:00

Saint Vincent forward Cornelius Stewart slammed a brilliant hat-trick as Abahani Limited, Dhaka returned to winning streak in the ABG Bangladesh Premier League football thrashing ten men Brothers Union Club by 7-1 goals at Sheikh Fazlul Haque Mani Stadium in...

Nickel, copper surge to multi-month highs

2024-05-18 00:00:00

Nickel prices jumped to the strongest in nine months on Friday on unrest in nickel producer New Caledonia, while copper surged to a 25-month peak after China announced fresh support for its ailing property sector, reports Reuters.Three-month nickel on London...

Wheat rises on Black Sea supply concerns

2024-05-18 00:00:00

PARIS/SINGAPORE, May 17 (Reuters): Chicago wheat rose on Friday as worries about weather damage in Russia and latest headlines from Moscow's war with Ukraine kept attention on supply risks in thecrucial Black Sea export zone.Soybeans extended gains as forecasts for...

Gold prices up 1.5pc so far for the week

2024-05-18 00:00:00

LONDON, May 17 (Reuters): Gold prices were on track for a second consecutive weekly gain on Friday due to improved interest rate cut expectations, providing support to silver which broke through the $30 milestone and hit an 11-year high.Spot gold...

Oil set for weekly gain on signs of improving demand

2024-05-18 00:00:00

NEW YORK, May 17 (Reuters): Oil prices rose in Asian trading hours on Friday, with global benchmark Brent set for its first weekly increase in three weeks on signs of improving global demand and slowing inflation in top oil consumer...

News in Brief -2024-05-18

2024-05-18 00:00:00

Slovakia's PM Fico still in intensive care after assassination bidBANSKA BYSTRICA (Slovakia), May 17: Slovakia's Prime Minister Robert Fico remains in intensive care, the government said on Friday, two days after he was shot at close range in an assassination...

S Africa urges UN’s top court to order Gaza truce

2024-05-18 00:00:00

THE HAGUE, May 17 (AP): South Africa urged the United Nations' top court on Thursday to order a cease-fire in Gaza during hearings over emergency measures to halt Israel's military operation in the enclave's southern city of Rafah.It was the...

North Korea fires multiple ballistic missiles

2024-05-18 00:00:00

SEOUL, May 17 (Reuters): North Korea fired a number of short-range ballistic missiles towards the sea off its east coast on Friday, South Korea's military said, a day after the US and South Korea conducted joint drills with stealth fighter...

UK expands sanctions list for N Korea and Russia

2024-05-18 00:00:00

LONDON, May 17 (Reuters): Britain has added three new designations to its North Korea sanctions list, relating to Pyongyang's military programmes, and one to its Russia sanctions regime, an update to the government's website showed on Friday.The government imposed asset...

Taiwan lawmakers exchange blows in bitter dispute over parliament reforms

2024-05-18 00:00:00

TAIPEI, May 17 (Reuters): Taiwanese lawmakers shoved, tackled and hit each other in parliament on Friday in a bitter dispute about reforms to the chamber, just days before President-elect Lai Ching-te takes office without a legislative majority.Even before votes started...

Japan, US move ahead in co-developing hypersonic weapons interceptor

2024-05-18 00:00:00

TOKYO, May 17 (AP): Japan and the United States on Wednesday signed an arrangement to jointly develop a new type of missile defense system as the allies seek to defend against the growing threat of hypersonic weapons, which are possessed...

Putin in trade push on final day of China trip

2024-05-18 00:00:00

BEIJING, May 17 (AFP): Russian leader Vladimir Putin was in the northeastern city of Harbin on Friday, the final day of a visit aiming to promote crucial trade with China and win greater support for his war effort in Ukraine.Putin...

The Middle East took over the US

Mahdiya Amira | 2024-05-18 00:00:00

Moving to another continent to pursue college education was already a huge risk. I didn't know what I envisioned my first year of college to be like but it didn't definitely include witnessing a period of radical social justice and...

Healing broken human relations

Nilratan Halder | 2024-05-18 00:00:00

Like the 'Unreal City' in TS Elitot's The Wasteland, Dhaka soaks the searing heat of a fiercely burning sun and stands abstract and impervious as if it is a piece cut out of the netherworld. In Eliot's masterpiece, London was...

Tax provision for legalising black money

2024-05-18 00:00:00

It is indeed a regular practice within the framework of Bangladesh's National Budget to include provisions for legalising black money as white money. Recently, the World Bank has criticised the tax provision for legalising black money. It is necessary to...