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Sensex slips 233 points

2022-03-26 00:00:00

NEW DELHI, Mar 25 (NDTV): The Indian equity benchmark indices finished the week on a lower note today, dragged by consumer durables and information technology stocks. The domestic indices extended their fall to the third straight session on Friday as...

Yacht maker Ferretti raises $243m in Hong Kong IPO

2022-03-26 00:00:00

SYDNEY, Mar 25 (Reuters): Italian luxury yacht maker Ferretti Group has priced its shares at HK$22.88 each, the lower end of its proposed range, to raise HK$1.9 billion ($242.75 million) in its Hong Kong initial public offering, Refinitiv's IFR service...

Aeroflot leads Russian stock slide on 2nd day of trading

2022-03-26 00:00:00

Russian stocks dropped on Friday in their second day of trading after a nearly month-long suspension, with losses led by airline Aeroflot, which has lost more than a quarter of its value over two days, reports Reuters.The benchmark MOEX stock...

Crypto offshoot DeFi poses new risks for investors

2022-03-26 00:00:00

LONDON, Mar 25 (NDTV): Decentralised finance - or DeFi - is throwing up new risks for investors as it evolves to mirror traditional markets, a global body for securities regulators said on Thursday, adding to a chorus of warnings about...

Global equity funds gain big inflows after three weeks of outflows

2022-03-26 00:00:00

LONDON, Mar 25 (Reuters): Global equity funds found a reprieve in the week ended March 23, as investors turned net buyers after selling them in the previous three weeks.Global equity funds obtained $19.66 billion in the week, the most since...

News Briefs (2022-03-26)

2022-03-26 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 130,456,356.13 on the basis of cost price and Tk 141,594,101.89 on the...

Subscription to Star Adhesive shares begins tomorrow

FE REPORT | 2022-03-26 00:00:00

The subscription to shares of Star Adhesive Ltd, a concern of Star Partex Group, through qualified investor offer (QIO) will begin tomorrow (Sunday), as the company aims to raise Tk 50 million under the fixed-price method.The period of subscription through...

Stocks down as investors stay cautious

BABUL BARMAN | 2022-03-26 00:00:00

Dhaka stocks witnessed a marginal correction this week after bouncing back in the previous weak from the steep market fall, as investors stayed cautious due to the ongoing Russia-Ukraine war and escalating inflationary pressure.Of the five trading days this week,...

European steel prices to extend rally as Ukraine conflict cuts supply

2022-03-26 00:00:00

LONDON, Mar 25 (Reuters): Surging European steel prices are set to extend their gains as Russia's invasion of Ukraine has disrupted logistics, spurred sanctions and sent energy prices soaring.Russia is the world's fifth biggest steel producer, while Ukraine comes in...

India to restrict sugar exports

2022-03-26 00:00:00

MUMBAI, Mar 25 (Reuters): India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices and could cap this season's exports at 8 million tonnes, government and industry sources told Reuters.An...

Britain, Canada launch free trade talks

2022-03-26 00:00:00

OTTAWA, March 25 (AFP) : Britain and Canada announced Thursday the launch of bilateral free trade negotiations, as London looks to firm up trade access since formally leaving the European Union last year."I am thrilled to announce that Canada and...

Switzerland freezes Russian assets worth $6.2 billion

2022-03-26 00:00:00

ZURICH, March 25 (AFP) : Switzerland has frozen the equivalent of 5.75 billion Swiss francs ($6.2 billion) in Russian assets since the invasion of Ukraine, a senior economy ministry official said on Thursday.The sum, amounting to 5.6 billion euros, includes...

Biden hails drop in US unemployment claims to half-century low

2022-03-26 00:00:00

WASHINGTON, March 25 (AFP): US President Joe Biden cheered government data released Thursday that showed unemployment benefit filings dropping to levels not seen in more than 50 years, calling it evidence his economic policies were working.The Labor Department reported 187,000...

Govt looks to reduce budget deficit to 5.7pc in FY23

2022-03-26 00:00:00

The government has projected to reduce the budget deficit to 5.7 per cent of the GDP in the next FY2022-23 from existing 6.2 per cent, according to an official document, reports UNB.The budget deficit for the FY2023-24 has been projected...

Board seeks VAT relief

FE REPORT | 2022-03-26 00:00:00

Bangladesh Rubber Board requests withdrawal of 15-per cent VAT (value-added tax) on local rubber products to help the sector grapple with the problem of lower prices, sources say.It also requests the authorities concerned to increase duty on rubber imports in...

Russia-bound RMG containers stuck in Ctg port for war

Nazimuddin Shyamol | 2022-03-26 00:00:00

CHATTOGRAM, Mar 25: Bangladesh's apparel export to Russia is being seriously hampered due to the ongoing war in Ukraine as a large number of containers loaded with readymade garments (RMG) bound for Russia are stuck at the nine off-docks in...

News in Brief (2022-03-26)

2022-03-26 00:00:00

Trump sues Hilary ClintonWASHINGTON, Mar 25: Former US president Donald Trump filed a lawsuit on Thursday against Hillary Clinton, Democratic Party leaders and others alleging they falsely accused him of colluding with Russia ahead of the 2016 election. "In the...

Israel to host 'historic summit' of US, Arab diplomats

2022-03-26 00:00:00

JERUSALEM, Mar 25 (AFP): Israel said it will host a "historic summit" from Sunday of top diplomats from the United States and three Arab states with which it has normalised ties."At the invitation of Foreign Minister Yair Lapid, this upcoming...

UN demands Russia end Ukraine war

2022-03-26 00:00:00

UNITED NATIONS, Mar 25 (AFP/Reuters): The UN General Assembly on Thursday adopted by an overwhelming majority a new non-binding resolution that demands an "immediate" halt to Russia's war in Ukraine.At UN headquarters in New York, 140 countries voted in favor,...

New ICBM to curb ‘dangerous’ moves by US military: N Korea

2022-03-26 00:00:00

SEOUL, Mar 25 (Agencies): North Korea's latest launch was a big, new intercontinental ballistic missile (ICBM), state media reported on Friday, in a test leader Kim Jong Un said was designed to demonstrate the might of its nuclear force and...

The power of reading book

Hussain Muhammad Walid | 2022-03-26 00:00:00

Reading is not a kind of habit that all of us want to perform but rather we avoid it as much as we can. The same held true for me until the middle of 2021 when I read something for...

CEOs of banks

Syed Md. Aminul Karim and Md. Ariful Islam | 2022-03-26 00:00:00

The role of Chief Executive Officers (CEOs) has become an emerging function. The goal is to strike a balance between serving both shareholders and other stakeholders. The contribution of CEOs of banks is no different, except for the industry in...

Qatar hits back at 'ridiculous' WC attack by Van Gaal

2022-03-26 00:00:00

DOHA, Mar 25 (AFP): Qatar's top World Cup organiser has hit back at Louis van Gaal for criticising the decision to hold the event in the Gulf state, saying the Netherlands coach has failed to understand the Arab world's passion...

SL hosts first Aussie series in six years

2022-03-26 00:00:00

COLOMBO, Mar 25 (AFP): Sri Lanka will play an all-format series at home against Australia from early June, the first in six years, the cricket board announced Friday.They will play two Tests, five one-day internationals and three Twenty20 matches starting...

Japan beat Australia to reach WC

2022-03-26 00:00:00

SYDNEY, Mar 25 (AFP): Substitute Kaoru Mitoma scored twice in the dying minutes as Japan beat Australia 2-0 on Thursday to book their place at a seventh straight World Cup and in doing so also helped Saudi Arabia qualify.It was...

Bangladesh lose to Australia

2022-03-26 00:00:00

Former skipper of Bangladesh women's cricket team Salma Khatun snapped three wickets but that wasn't enough to prevent Australia from snatching Friday's match in the ongoing ICC Women's World Cup in Wellington, reports UNB.The match was reduced to 43-over a...

Maldives beat BD

2022-03-26 00:00:00

Bangladesh suffered a 0-2 goal defeat to the Maldives in their first FIFA tier-1 international friendly match held on Thursday night at the Maldives National Stadium in Male, reports BSS.In the day's match, Hasaan Raif and Ibrahim Mahudhee Hassan scored...

South Korea's Son Heung-min

2022-03-26 00:00:00

South Korea's Son Heung-min (C) celebrates his goal against Iran during the Qatar World Cup 2022 Asian zone qualification football match between South Korea and Iran in Seoul on Thursday — AFP

PM donates Tk 200m to BOA

2022-03-26 00:00:00

Prime Minister (PM) Sheikh Hasina has given a grant of Tk 200 million (20 crore) to make the activities of Bangladesh Olympic Association (BOA) more dynamic, reports BSS.A meeting of the executive committee of the BOA was held at the...

Australia win third Test to claim historic series against Pakistan

2022-03-26 00:00:00

LAHORE, Mar 25 (AFP): Australia claimed a historic victory against Pakistan on Friday, taking the three-Test series 1-0 with a 115-run win on the fifth day of the last match in Lahore.Australia are in Pakistan for the first time since...