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As sanctions bite Russia, fertilizer shortage imperils world food supply

2022-03-25 00:00:00

CHICAGO, Mar 24 (Reuters): Sky-high fertilizer prices have farmers worldwide scaling back its use and reducing the amount of land they're planting, fallout from the Ukraine-Russia conflict that has some agricultural industry veterans warning of food shortages.Western sanctions on Russia,...

Special offers from Dhaka Regency in Ramadan

2022-03-25 00:00:00

Dhaka Regency has offered its customers the opportunity to enjoy the experience of true Ramadan moment, says a press release. This Ramadan, the hotel has arranged a special occasion featuring a variety of Arabic and local dishes such as hummus,...

New Foton showroom opens in Mymensingh

2022-03-25 00:00:00

ACI Motors, the sole distributor of Foton Commercial Vehicles, opened a new showroom of Foton named 'SBS Enterprise' in Mymensingh on Wednesday, says a press release. This showroom is located at Shantinagar crossing of Digharkanda area by the Dhaka-Mymensingh highway....

Share RMG success stories with international buyers

FE REPORT | 2022-03-25 00:00:00

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged Intertek to share the progress made in the country's readymade garment (RMG) industry with the buyers. Intertek is a British multinational assurance, inspection, products testing and certification company headquartered in London.BGMEA,...

Uzbekistan wants to invest in BD's oil, gas exploration

2022-03-25 00:00:00

Uzbekistan has expressed its interest to invest in the oil and gas exploration sector of Bangladesh, reports UNB.Uzbek energy minister's advisor Jumaev Jasur Khudaykulovich expressed his country's interest when he met State Minister for Power, Energy and Mineral Resources Nasrul...

US, Japan reach beef export agreement

2022-03-25 00:00:00

WASHINGTON, Mar 24 (AFP): The Biden administration announced Thursday an agreement with Tokyo to increase the amount of beef the United States exports to Japan without automatically increasing customs duties."The United States and Japan have reached an agreement," US Trade...

Russia simplifies sugar import permit process

2022-03-25 00:00:00

 Russia's agriculture ministry has simplified procedures for obtaining permits for white sugar imports after a jump in domestic demand, it said in a statement on Thursday, reports Reuters.Many Russians have rushed to buy sugar and other staples after Western sanctions...

Gold hits over 1-week high

2022-03-25 00:00:00

Gold prices rose to a more than one-week high on Thursday as its safe-haven appeal was lifted by concerns over soaring inflation and uncertainty surrounding the war in Ukraine, reports Reuters.Spot gold was up 0.8 per cent at $1,958.75 per...

Airbus expects demand for 2,210 planes in India over next 20 years

2022-03-25 00:00:00

HYDERABAD, India, Mar 24 (Reuters): Airbus expects Indian airlines to order 2,210 planes over the next 20 years, up from a previous forecast of 1,900, it said on Thursday, citing growth in the country's aviation sector.With low-cost carriers making up...

Oil prices fall as US, allies consider oil stock release

2022-03-25 00:00:00

Crude prices fell on Thursday as the United States and its allies discussed a possible further coordinated release of oil from storage to help calm energy markets in the wake of Russia's invasion of Ukraine, reports Reuters.Benchmark Brent fell by...

Samsung Electronics shares worth $1.1b sold in block deal

2022-03-25 00:00:00

SEOUL, Mar 24 (Reuters):Samsung Electronics shares worth about $1.1 billion were sold in a block deal on Thursday, according to a document, which some analysts attributed to the Samsung conglomerate's controlling family raising cash to meet a big tax bill.About...

Russia's Rusal shares slip in Hong Kong

2022-03-25 00:00:00

HONG KONG, Mar 24 (Reuters): Hong Kong shares of Russian aluminium producer OK Rusal, one of the few Russia-related securities still being traded, slipped on Thursday ahead of a partial reopening of trading of stocks on the Moscow Exchange later...

India mothballs plan to let local firms list overseas

2022-03-25 00:00:00

NEW DELHI, Mar 24 (Reuters): India has frozen plans to allow local firms to list overseas as it seeks to bolster its own capital markets, government officials and industry sources said, in a blow to foreign funds and stock exchanges...

World equity markets mixed

2022-03-25 00:00:00

HONG KONG, Mar 24 (AFP): Equity markets were mixed Thursday as investors contemplate the impact of surging inflation and central bank plans to sharply hike interest rates, while oil prices dipped but remain elevated on fears of further Russia sanctions...

News Briefs (2022-03-25)

2022-03-25 00:00:00

Disbursement of dividend VAMLRBBF: The asset manager of Vanguard AML Rupali Bank Balanced Fund has informed that it has disbursed cash dividend for the year ended on December 31, 2021 into the respective unitholders' bank accounts through BEFTN on March...

AB Bank signed agreement with Agora

2022-03-25 00:00:00

AB Bank Limited signed an agreement with Agora Limited under which ABBL credit cardholders will get 12 per cent cashback on purchases at all Agora outlets. Abdur Rahman, Deputy Managing Director of AB Bank Limited, and Muallem Chowdhury, Acting Director,...

"Nageshwari" sub-branch of Jamuna Bank inaugurated

2022-03-25 00:00:00

The "Nageshwari" sub-branch of Jamuna Bank Limited was inaugurated at Kurigram. Chairman of Jamuna Bank Foundation Al-Haj Nur Mohammed was present as the chief guest. Directors of the Bank Md. Sirajul Islam Varosha and Kanutosh Majumder were present as special...

A general meeting of Advertising Agencies Association of Bangladesh held

2022-03-25 00:00:00

A general meeting of the Advertising Agencies Association of Bangladesh was held at a city hotel on Wednesday. The meeting was chaired by Ramendu Majumdar, President of the Association, while Muneer Ahmed Khan, General Secretary of the Association, and Geeteara...

NBL celebrated 39th founding anniversary

2022-03-25 00:00:00

National Bank Limited (NBL) celebrated its 39th founding anniversary on Wednesday. Chairman of the bank Monowara Sikder cut a cake on the occasion. Chairperson of the bank's executive committee Parveen Haque Sikder, MP, and Managing Director and CEO of the...

BSEC cancels primary approval to 12 applications

FE Report | 2022-03-25 00:00:00

The securities regulator has cancelled primary approval to 12 applications earlier submitted seeking trading right entitlement certificate (TREC) required to conduct the operations as stock brokers.The Bangladesh Securities and Exchange Commission (BSEC) has cancelled the approvals due to the firms'...

Savar Refractories' price keeps rising sans PSI

FE REPORT | 2022-03-25 00:00:00

The share price of Savar Refractories, a junk stock, is rising 'abnormally 'despite the company is incurring losses and not giving any dividends for many years.The stock price of the loss-making company, listed with the stock market in 1988, jumped...

Perpetual bonds won’t need provisioning

FE Report | 2022-03-25 00:00:00

The securities regulator has removed the mandatory condition of keeping provision by issuers of perpetual bonds.The Bangladesh Securities and Exchange Commission (BSEC) earlier set a condition of keeping provision by issuers of perpetual bonds to remove apprehension regarding non-payment of...

Stocks end flat on bourses

FE REPORT | 2022-03-25 00:00:00

The market ended nearly flat on Thursday, after choppy trading, as investors remained shaky to put fresh bets on stocks.The market witnessed see-saw movement several times before edging higher as investors hesitated to make fresh investments in the market amid...

New Zealand to remove Covid mandates

2022-03-25 00:00:00

WELLINGTON, Mar 24 (AP): New Zealand will remove many of its COVID-19 pandemic mandates over the next two weeks as an outbreak of the omicron variant begins to wane.Prime Minister Jacinda Ardern said Wednesday that people will no longer need...

Russia to expel more US diplomats

2022-03-25 00:00:00

WASHINGTON, Mar 24 (AP): The U.S. State Department says Russia has begun the process of expelling several more diplomats from the U.S. embassy in Moscow.The department said it received a list of diplomats on Wednesday who have been declared "persona...

Muslim activist denied bail

2022-03-25 00:00:00

NEW DELHI, Mar 24 (BBC): An Indian court has denied bail to a prominent activist arrested 18 months ago for allegedly instigating riots in the national capital, Delhi.Umar Khalid was accused of being a "key conspirator" in the violent clashes...

China's foreign minister visits India for talks

2022-03-25 00:00:00

BEIJING, Mar 24 (Reuters): China's foreign minister will visit New Delhi for talks on Friday, an Indian official said, though neither side has formally announced what would be the highest-level visit since border clashes soured relations two years ago.Foreign Minister...

Oklahoma crash claims lives of 6 students

2022-03-25 00:00:00

OKLAHOMA CITY, Mar 24 (AP): Six teenage girls on a high school lunch break were killed when their small car with only four seats collided with a large truck hauling rocks, the Oklahoma Highway Patrol said Wednesday.The crash occurred shortly...

Russian warship destroyed in Ukraine

2022-03-25 00:00:00

KYIV, Mar 24 (BBC/Reuters/AFP/AP): Ukrainian officials said that a Russian landing ship has been destroyed and two other boats damaged in the occupied Ukrainian port city of Berdyansk.Video posted by the navy and on social media showed explosions and a...

N Korea tests banned missile

2022-03-25 00:00:00

SEOUL, Mar 24 (BBC): North Korea has tested a banned intercontinental ballistic missile (ICBM) for the first time since 2017, South Korea and Japan say.Japanese officials estimated it flew 1,100 km (684 miles). It fell in Japanese waters after flying...