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News Briefs (2022-05-07)

2022-05-07 00:00:00

CAPM declares Unit Fund NAVCAPM Company Limited has declared the Net Asset Value (NAV) of CAPM Unit Fund. The total NAV of CAPM Unit Fund stood at Tk 87,535,253.53 on the basis of cost price and 101,934,583.99 on the basis...

Shares in Asia-Pacific decline

2022-05-07 00:00:00

SINGAPORE, May 6 (CNBC): Shares in Asia-Pacific largely declined on Friday after an overnight drop on Wall Street sent the Dow Jones Industrial Average to its worst day since 2020.Hong Kong's Hang Seng index led losses regionally as it fell...

Musk to lead Twitter temporarily after $44b takeover

2022-05-07 00:00:00

Elon Musk is expected to become Twitter's temporary CEO after closing his $44 billion takeover of the social-media firm, a person familiar with the matter said on Thursday, as the billionaire inches closer to securing funds for the deal, reports...

'A big recession in the making'

2022-05-07 00:00:00

LONDON, May 6 (CNBC): The CEOs of several European blue chip companies have told CNBC that they see a significant recession coming down the pike in Europe.The continent is particularly vulnerable to the fallout from the Russia-Ukraine war, associated economic...

Meghna Ins IPO subscription opens on May 11

FE REPORT | 2022-05-07 00:00:00

The initial public offering (IPO) of Meghna Insurance Company will open for subscription on May 11, aiming to raise Tk 160 million from the capital market.Investors can make the IPO subscription through the electronic subscription system of the stock exchanges...

Most listed banks post higher EPS growth in 2021

BABUL BARMAN | 2022-05-07 00:00:00

Most of the listed banks posted higher profits in 2021, compared to the previous year, largely due to higher operating income.According to market insiders, the central bank's latest relaxation on provisioning, bullish stock market and record imports and exports helped...

Uganda weighs issuance of digital currency

2022-05-07 00:00:00

KAMPALA, May 6 (Reuters): Uganda's central bank is considering whether to issue a digital currency and has not banned cryptocurrencies, but has concerns about risks from the technology including consumer protection and financial inclusion, a senior bank official said on...

BoE flags risk of recession

2022-05-07 00:00:00

LONDON, May 6 (Reuters): The Bank of England sent a stark warning that Britain risks a double-whammy of a recession and inflation above 10 per cent as it raised interest rates on Thursday to their highest since 2009, hiking by...

Strong demand lifts Indian rice export prices

2022-05-07 00:00:00

Export prices of rice from India rose this week on increasing demand from Asia and Africa, while dwindling supplies of the staple lifted Vietnamese rates, reports Reuters.Top exporter India's 5 per cent broken parboiled variety was quoted at $363-$367 per...

Primark expands sustainable cotton programme

2022-05-07 00:00:00

LONDON, May 6 (Reuters): Primark, one of Europe's biggest fast fashion chains, has pledged to train an additional 125,000 smallholder cotton farmers in more sustainable farming methods in India, Pakistan and Bangladesh by the end of 2023.The group's sustainable cotton...

Deep seaport will be the regional export-import hub

Nazimuddin Shyamol | 2022-05-07 00:00:00

CHATTOGRAM, May 06: The deep seaport being constructed by the Chittagong Port Authority (CPA) in Matarbari of Cox's Bazar will turn into the most important export-import hub of the region in future, hopes Chairman of the CPA Rear Admiral M...

Treasury bill, bond trading jumps 36pc in July-March

FE REPORT | 2022-05-07 00:00:00

Transactions of the government's fixed income tradable securities in the secondary market jumped significantly in the first nine months (July-March) of the current fiscal year (FY22).Bangladesh Bank statistics showed that combined secondary trading of these securities was recorded at Tk...

Stokes celebrates England captaincy call with 64-ball ton

2022-05-07 00:00:00

LONDON, May 06 (AFP): Ben Stokes smashed 34 runs in an over to reach a 64-ball century for county side Durham on Friday -- his first innings since being appointed as England Test captain.The big-hitting all-rounder, who was announced as...

Liverpool's Salah wants 'revenge' in Real Madrid rematch

2022-05-07 00:00:00

LONDON, May 06 (AFP): Liverpool forward Mohamed Salah is readying himself for a "revenge" mission against Real Madrid in this month's Champions League final.Salah, who received the Football Writers' Association's Footballer of the Year award in London on Thursday, was...

FIFA confirms WC playoffs schedule

2022-05-07 00:00:00

Global soccer governing body FIFA confirmed that the intercontinental playoffs for the World Cup will be played at Doha's Ahmad Bin Ali Stadium on Jun 13 to 14, reports Reuters.Asian rivals Australia and United Arab Emirates meet in a playoff...

Archers prepared to start Asia Cup World stage-2 campaign today

2022-05-07 00:00:00

The archers are prepared to start their Asia Cup World Ranking tournament stage-2 campaign as the main round of the tournament begins from today (Saturday) in Sulaymaniyah, Iraq, reports BSS.The qualification round matches of recurve women's and compound men's and...

Warner, Powell power Capitals convincingly past Sunrisers

2022-05-07 00:00:00

David Warner took centre stage in the clash between his current franchise and the one that unceremoniously dumped him last season, an unbeaten 92 from 58 setting up Delhi Capitals for a comfortable victory over Sunrisers Hyderabad, and a much-needed...

Asian Games 2022 in China postponed

2022-05-07 00:00:00

BEIJING, May 06 (Reuters): The 2022 Asian Games scheduled to be held in the eastern Chinese city of Hangzhou in September has been postponed, the Olympic Council of Asia (OCA) said in a statement on Friday as China battles an...

BPL football resumes today

2022-05-07 00:00:00

After a four-day recess for Eid-Ul-Fitr, the Bangladesh Premier League football resumes today (Saturday) with fourteen rounds with four matches billed for the day at four separate venues across the country, reports BSS.League leaders Bashundhara Kings takes on Bangladesh Muktijoddha...

FDA restricts J&J's Covid jab

2022-05-07 00:00:00

WASHINGTON, May 06 (AP): U.S. regulators on Thursday strictly limited who can receive Johnson & Johnson's COVID-19 vaccine due to the ongoing risk of rare but serious blood clots.The Food and Drug Administration said the shot should only be given...

Israel searches for attackers who killed three in stabbing

2022-05-07 00:00:00

JERUSALEM, May 06 (AP): Israeli security forces were waging a massive manhunt Friday for two Palestinians suspected of carrying out a stabbing rampage near Tel Aviv that left three Israelis dead.The stabbing on Thursday, Israel's Independence Day, was the latest...

Astronaut crew returns from ISS after six months

2022-05-07 00:00:00

WASHINGTON, May 06 (AFP): NASA's Crew-3 mission returned home to Earth on Friday after six months aboard the International Space Station.The SpaceX Dragon Endurance spacecraft with NASA astronauts Kayla Barron, Raja Chari and Tom Marshburn, as well as European Space...

UK and Japan agree to ink defence deal

2022-05-07 00:00:00

LONDON, May 06 (AFP): UK and Japan leaders Boris Johnson and Fumio Kishida agreed to deepen defence ties during talks in London on Thursday where they also snacked on Fukushima popcorn to celebrate an easing of trade restrictions.Kishida was welcomed...

White House names first black press secy

2022-05-07 00:00:00

NEW YORK, May 06 (BBC): President Biden has named Karine Jean-Pierre as his new top spokesperson - the first time a black, or openly gay, person has held the role.Ms Jean-Pierre, 44, has served as the administration's principal deputy press...

Mariupol steel mill defenders refuse to surrender

2022-05-07 00:00:00

LVIV, May 06 (AP/AFP): Ukrainian fighters battling Russian forces in the tunnels beneath Mariupol's immense steel plant refused to surrender in the face of relentless attacks, with the wife of one commander saying they had vowed to "stand till the...

Johnson a 'poor option' to lead the party

2022-05-07 00:00:00

LONDON, May 06 (BBC): Labour has gained key London councils from the Conservatives, with Tories suffering losses across England in local election results so far.Labour leader Sir Keir Starmer said his party had reached a "turning point" and was "back...

UK annual house price rise eases

2022-05-07 00:00:00

LONDON, May 6 (Reuters): British house prices rose for a tenth consecutive month in April, although the annual rate of growth eased slightly from the 15-year high recorded in March, figures from mortgage lender Halifax showed on Friday.House prices increased...

Gold up but set for weekly fall

2022-05-07 00:00:00

Gold prices were on track for a third straight weekly decline on Friday as investors fretted over the prospects of aggressive rate hikes from the US Federal Reserve, though a slight pullback in dollar helped the precious metal to tick...

Lufthansa sees return to profit as air travel rebounds

2022-05-07 00:00:00

FRANKFURT, May 6 (Reuters): Germany's Lufthansa is looking to return to an operating profit this quarter as demand for travel rises with the easing of Covid-19 curbs and the airline raises ticket prices to offset higher costs.The group, which owns...

Steelmaker JFE seeks product price hike

2022-05-07 00:00:00

TOKYO, May 6 (Reuters): Japan's No. 2 steelmaker, JFE Holdings Inc, is seeking to raise product prices by 30,000 yen ($230) a tonne in the April-June quarter or next to reflect soaring costs of raw materials and shipping charges, a...