FE REPORT | 2024-04-18 00:00:00
The High Court has suggested that the parliament immediately pass a law, which was drafted in 2016, with an eye to preventing unplanned use of agricultural and forest land as well as hills.The suggestion was made in a verdict delivered...
Forty-six more personnel from the Myanmar army and its Border Guard Police have taken shelter in Bangladesh amid ongoing fighting between the military and armed rebels, bdnews24.com.They crossed the border at different points near pillars No. 45 and 46 in...
Awami League General Secretary and Road Transport and Bridges Minister Obaidul Quader on Wednesday said anti-liberation forces, including BNP, will have to be resisted to give the country's victory and independence a solid foundation, reports BSS."BNP is the main impediment...
FE REPORT | 2024-04-18 00:00:00
Bangladesh Nationalist Party (BNP) alleged on Wednesday that the government had used enforced disappearance as a manoeuvre to raise fear and panic and create a sense of insecurity among the people aiming to gag opponents' voice to perpetuate fascism in...
Prime Minister Sheikh Hasina on Wednesday paid glowing tributes to Father of the Nation Bangabandhu Sheikh Mujibur Rahman by placing a wreath at his portrait at Dhanmondi 32 in the city marking the historic Mujibnagar Day, reports BSS.She placed the...
LONDON/SYDNEY, April 17 (Reuters): World shares steadied on Wednesday though investors stayed cautious at the prospect of US interest rates staying higher for longer, which in turn pushed Treasury yields to five-month highs and buoyed the dollar.European shares eked out...
LONDON, April 17 (Reuters): Fear that interest rates in major economies will stay relatively high is creeping back and threatens a painful wake-up call for financial markets, big investors warn.With traders laser-focused on expected summer rate cuts, global stocks remain...
LONDON, April 17 (Reuters Breakingviews): The United Arab Emirates likes to think of itself as a sort of Switzerland of the Gulf. Microsoft's $1.5 billion stake in Abu Dhabi artificial intelligence company G42, announced, opens new tab on Tuesday, shows...
Tesla on Wednesday asked its shareholders to once again approve CEO Elon Musk's record-breaking $56 billion pay that was set in 2018, but was rejected by a Delaware judge in January, reports Reuters.The compensation includes no salary or cash bonus,...
Shares in Adidas rose more than 8 per cent on Wednesday, hitting their highest level in over two years after the German sportswear giant on Tuesday reported quarterly results above expectations and hiked its 2024 guidance on strong demand for...
LONDON, Apr 17 (Reuters): Britain's inflation rate slowed by less than expected in March, according to official figures published on Wednesday, adding to signs that a first interest rate cut by the Bank of England could be further off than...
On the occasion of Eid-ul-Fitr, Uttara Motors is running a campaign titled 'Eid-er Khushi, Bajaj-e Beshi', offering opportunities to win Pulsar N160, Pulsar N250 and many other attractive gifts. Md Enjamul Molla, a mega raffle draw winner, received a Bajaj...
IPDC Finance Limited has appointed Rizwan Dawood Shams as the new Managing Director, says a press release. With this appointment, Mr Shams will take on full leadership responsibilities of IPDC, leveraging his rich experience spanning over 20 years in various...
Dr Md Mazibur Rahman has been appointed as a Member (Biological Science) of the Bangladesh Atomic Energy Commission (BAEC), says a press release.He is a prominent nuclear scientist who previously served as the Director of the International Affairs Division of...
BSK Bangladesh Ltd, a Netherlands-Bangladesh joint venture company, will set up a bag manufacturing industry in Cumilla Export Processing Zone (EPZ), with an investment of US$ 6.14 million. The company signed an agreement to this effect with Bangladesh Export Processing...
Modhumoti Bank has donated Tk 0.5 million to the Bangladesh International Short and Independent Film Festival as part of the bank's CSR programme. The cheque was presented by Md Shafiul Azam, managing director and CEO of Modhumoti Bank, to Syed...
Major stock markets in the Gulf were little changed in early trade on Wednesday after Federal Reserve officials reiterated interest rates are likely to stay higher for longer, reports Reuters.Fed Chair Jerome Powell said recent inflation data, with three months...
FE REPORT | 2024-04-18 00:00:00
Aamra Networks posted a 25 per cent year-on-year growth in profit to Tk 78.4 million for January-March this year, supported by revenue growth coupled with effective cost control measures.Accordingly, the company's earnings per share (EPS) increased to Tk 1.26 for...
Gold prices rose on Wednesday, to near record-high levels as risks of the Middle East conflict spreading to other regions brought safe-haven flows into bullion, alongside short-term support from falling US dollar, reports Reuters.Spot gold rose 0.2 per cent to...
NEW YORK, April 17 (AFP): United Airlines reported a first-quarter loss Tuesday due to the temporary grounding of some Boeing jets, as it announced plans to lease Airbus planes in light of delayed Boeing deliveries.The roughly three-week grounding of the...
Oil prices slipped more than $1 on Wednesday as likely higher US commercial inventories weighed, while weaker economic data from China and dimmed prospects of interest rate cuts stoked worries about global demand, reports Reuters.Brent futures for June were down...
Copper and aluminium prices rose in London on Wednesday as support from a weaker US dollar offset concerns about demand from top metals consumer China, reports Reuters.Three-month copper on the London Metal Exchange was 0.8 per cent higher at $9,547...
LONDON, Apr 17 (Reuters): Global property and casualty insurers showed "alarming" underwriting losses in 2022 as natural catastrophes increased and risk models failed to keep up, a report from consultants Capgemini said on Wednesday.Global insured losses from natural catastrophes have...
WASHINGTON, Apr 17 (Reuters): The International Monetary Fund is cautioning against overexuberance in markets as investors look for central bankers to pull off a "soft landing" in their years-long inflation battle.In its latest semi-annual Global Financial Stability Report, the IMF...
LONDON, Apr 17 (Reuters): "Non-banks" such as insurers, hedge funds, family offices and commodities traders should hold sufficient cash and draw up contingency plans for coping with spikes in collateral used to back derivatives positions against default, the G20's financial...
PARIS, Apr 17 (Reuters): LVMH's sales slowed in the first quarter as rising prices prompted more shoppers who aspire to own its luxury labels to hold back on splashing out thousands of dollars on handbags and other accessories.Slower sales growth...
MetLife Bangladesh has recently signed a Memorandum of Understanding (MoU) with the Banking and Insurance Department of University of Dhaka. Under this MoU, students of that department will have enhanced access to MetLife's internship, employment and career development opportunities. From...
Md Moidul Islam has been promoted to Deputy Managing Director of EXIM Bank. Prior to his promotion, he was Additional Deputy Managing Director of the bank, says a press release.He started off his banking career as a probationary officer at...
BRAC Bank has recently signed a Memorandum of Understanding (MoU) with Splash Works Water Park Ltd. (Mana Bay Water Park) to offer its customers exclusive offers and discounts. Under the MoU, all BRAC Bank credit and debit card holders can...
Bangladesh is preparing to introduce remote sensing and drones to detect crop damage caused by extreme weather events or diseases, said the Asian Development Bank (ADB).Around 20 officers of the Department of Agricultural Extension (DAE) are initially receiving training to...
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