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Bank treasurers hold keys to an investor mystery

2024-05-16 00:00:00

LONDON, May 15 (Reuters Breakingviews): Among banking's top jobs, treasurer might be one of the least glamorous, and the most obscure. Executives like Citigroup's Andrei Magasiner, Bank of America's Shannon Lilly and JPMorgan's Charles Bristow get far less attention than...

India's weight in key MSCI equity index hits another high, to boost inflows

2024-05-16 00:00:00

BENGALURU, May 15 (Reuters): India's weight in MSCI's Global Standard index, which tracks emerging market stocks, has risen to another record high, boosting prospects of more inflows into its equity markets.With this, India has further narrowed the gap with China...

Konka, Haiko offer gifts during Eid-ul-Azha campaign

2024-05-16 00:00:00

Electro Mart Group has launched a month-long special promotional campaign recently for retail and wholesale customers on the occasion of the Eid-ul-Azha for its Konka and Haiko brand electronics. During this campaign, retail customers will get a scratch card on...

Parliamentary Standing Committee meeting on Textiles and Jute Ministry held

2024-05-16 00:00:00

The first meeting of the Parliamentary Standing Committee on Ministry of Textiles and Jute of the 12th National Parliament was held at the Jatiya Sangsad Bhaban on Wednesday. Chairman of the committee Golam Dastgir Gazi, MP presided over the meeting...

RAKUB holds 579th board meeting

2024-05-16 00:00:00

The 579th meeting of the board of directors of Rajshahi Krishi Unnayan Bank (RAKUB) was held at its head office in Dhaka on Wednesday. RAKUB Chairman Md Raisul Alam Mondal presided over the meeting. The financial statements for financial year...

GRAMEENPHONE, TVS AUTO SIGN MOU

2024-05-16 00:00:00

Grameenphone and TVS Auto Bangladesh Ltd signed a Memorandum of Understanding on Tuesday. Under this agreement, Grameenphone's vehicle tracking system device 'Grameenphone-Alo' will be available at designated showrooms of TVS Auto. CEO of TVS Auto Biplob Kumar Roy and CBO...

UNILEVER CONSUMER CARE HOLDS 51ST AGM

2024-05-16 00:00:00

Unilever Consumer Care Limited held its 51st Annual General Meeting (AGM) virtually on Tuesday. At the meeting, shareholders approved the directors' report, auditor's report, and audited financial statements for the year ended December 31, 2023, where the declaration of a...

Necessary steps to be taken to boost agri budget: Minister

2024-05-16 00:00:00

Agriculture Minister Dr M Abdus Shahid said on Wednesday that necessary steps will be taken to increase budget for the agriculture sector, reports BSS."The government will take necessary initiatives to raise more budgets for the agriculture sector, as the government...

Southeast Bank distributes special CSR fund --

2024-05-16 00:00:00

Southeast Bank distributed its special CSR fund to farmers for crop cultivation and the purchase of farming machinery. Nuruddin Md Sadeque Hossain, managing director of Southeast Bank, presented financial assistance to grassroots farmers from across the country at the bank's...

MTB announces strategic alliance with ShareTrip Pay

2024-05-16 00:00:00

Mutual Trust Bank (MTB) has announced a strategic partnership with ShareTrip Pay, the country's first travel wallet and a subsidiary of ShareTrip. Syed Mahbubur Rahman, managing director and CEO of MTB, and Kashef Rahman, founder and CEO of ShareTrip Pay,...

Mostafa Kamal new DMD of IFIC Bank

FE DESK | 2024-05-16 00:00:00

K A R M Mostafa Kamal has been appointed deputy managing director and chief human resources & logistics officer of IFIC Bank recently, according to a press release. Mr. Kamal previously served as the bank's head of Human Resource Management.He...

EBL, US State Dept to jointly work on climate change adaptation

FE DESK | 2024-05-16 00:00:00

Eastern Bank (EBL) and the US Department of State have signed an agreement to collaborate on the 'EBL Climate Change Adaptation Award'. This annual award will recognise and celebrate best practices by Bangladeshi corporations, manufacturers, NGOs and climate activists for...

Rules for margin loans: Regulator, lenders consider reforms

MOHAMMAD MUFAZZAL | 2024-05-16 00:00:00

The securities regulator and market operators have put their heads together to change rules for margin loans to stem a further rise of negative equity as they consider it crucial for market stability. A committee comprising representatives from the Bangladesh...

Gold climbs on weaker dollar

2024-05-16 00:00:00

Gold prices climbed to a more than three-week peak on Wednesday, aided by a weaker dollar and yields after data showed the US consumer price index rose less than expected in April, boosting chances of interest rate cuts by the...

Indian wheat stocks at 16-yr low after record state sale

2024-05-16 00:00:00

NEW DELHI, May 15 (Reuters): Wheat stocks in India's government warehouses on May 1 were down 10.3 per cent year on year to their lowest since 2008 after two years of low crops prompted the sale of record volumes to...

Qantas to suspend Shanghai flights on low demand

2024-05-16 00:00:00

.Australia's Qantas Airways said on Tuesday it will suspend flights to Shanghai starting on July 28, citing low demand, nine months after the Australian flag carrier resumed service from Sydney on hopes of a travel rebound following the pandemic, reports...

Oil prices slip as market weighs new 2024 demand data

2024-05-16 00:00:00

LONDON, May 15 (Reuters): Oil prices slipped on Wednesday as International Energy Agency (IEA) data showed demand in developed countries was forecast to flag this year as inflation remains persistent.Brent crude futures were down 54 cents or 0.6 per cent...

News in Brief -2024-05-16

2024-05-16 00:00:00

India downplays US sanctionsthreat overIran port dealNEW DELHI, May 15: India's foreign minister has said his company will work to communicate the benefits of a strategic port project in Iran, after the United States said Indian firms working on the...

Cardiovascular diseases kill about 10,000 Europeans a day

2024-05-16 00:00:00

COPENHAGEN, May 15 (AFP): Cardiovascular disease is responsible for 40 percent of deaths in Europe, the WHO said on Wednesday, urging Europeans to cut their salt intake.That amounts to 10,000 deaths a day, or four million a year, "Implementing targeted...

Ukraine soldiers pull back in Kharkiv after Russia offensive

2024-05-16 00:00:00

KHARKIV, May 15 (BBC): Ukraine has pulled back its troops from several villages in the border region of Kharkiv following continued pressure from Russian forces. Soldiers had come under heavy fire and moved to "more advantageous positions" in two areas...

Eight perish in Florida road crash

2024-05-16 00:00:00

OCALA, May 15: Mexican citizens were among those going to work at a Florida watermelon farm on Tuesday when the bus they were traveling in was sideswiped and crashed, killing eight people, officials said. Alicia Bárcena, Mexico's foreign relations secretary,...

Battles rage across Gaza city

2024-05-16 00:00:00

GAZA, May 15 (Reuters/AP/BBC): Israeli troops fought militants across Gaza on Wednesday, including in the southern city of Rafah that had been a refuge for civilians, in an upsurge of the more than seven-month war that has killed tens of...

Wong replaces him

2024-05-16 00:00:00

SINGAPORE, May 15 (Reuters): Singapore was set to inaugurate Lawrence Wong on Wednesday as its new prime minister and fourth leader since independence six decades ago, completing a carefully calibrated power transfer designed to guarantee continuity in the wealthy city-state.Wong,...

First Women's Club World Cup to take place in 2026

2024-05-16 00:00:00

BANGKOK, May 15 (AP): FIFA finally set a date on Wednesday to play the first Women's Club World Cup tournament in January and February 2026.The first edition should involve 16 teams though FIFA's ruling council did not specify how they...

Shakib, Wanindu share No.1 T20I all-rounder spot ahead of WC

2024-05-16 00:00:00

DUBAI, May 15 (IANS): Bangladesh veteran Shakib Al Hasan and Sri Lanka T20I WC skipper Wanindu Hasaranga with 228 ratings share the top spot in the latest ICC T20I all-rounder in the latest rankings update released on Wednesday.Shakib dropped three...

Tigers en route to T20 ICC WC with guarded optimism

2024-05-16 00:00:00

As the Bangladesh cricket team is set to embark on another T20 World Cup journey to the USA, Head Coach Chandika Hathuru-singha stresses the importance of quick adaptation to unfamiliar conditions and tempers expectations. In their quest for glory, as...

Student drowns in Jamalpur pond

2024-05-16 00:00:00

JAMALPUR, May 15 (BSS): A 17-year old student has drowned in a pond while taking bath in Bakshiganj upazila of the district.The victim is Rifat Miah (17), son of Abdul Halim Sarker, a resident in Dighar Par area of Sherpur...

UPDF calls half-day road blockade in two hill dists

2024-05-16 00:00:00

KHAGRACHHAR, May 15 (UNB): The United People's Democratic Front (UPDF) called a half-day blockade of roads and waterways in Khagrachari and Rangamati districts to protest the 'conspiracy to repeal' the Chittagong Hill Tracts Regulation, 1900.The blockade began at 6:00 am...

Two to die for killing shop employee in Rajshahi

2024-05-16 00:00:00

A Rajshahi court has sentenced two people to death for hacking a mobile store employee to death in Bagha upazila, reports bdnews24.com.Rajshahi Speedy Trial Tribunal Judge Mohammad Mohiduzzaman also sentenced another suspect to three years in prison in the verdict...

RAB bust 'ARSA den' in Cox's Bazar, two 'Rohingya criminals' held

2024-05-16 00:00:00

Members of Rapid Action Battalion (Rab) busted a 'den of Arakan Rohingya Salvation Army (ARSA)' near Ukhiya Rohingya camp in Cox's Bazar district and arrested two suspected Rohingya criminals in the early hours of Wednesday, reports UNB. One of the...