SHANGHAI/SINGAPORE, March 27 (Reuters): Four Chinese provinces and cities are shutting down their financial asset exchanges as part of efforts to crack down on illegal fundraising and rising risks in local government finances.Local financial regulators in China's provinces of Hunan...
SINGAPORE, March 27 (Reuters): China's yuan is sliding and market participants suspect authorities are deliberately but slowly engineering a light depreciation of the currency, both to complement an easy monetary policy and to support exports.Several signals have stirred that speculation....
AMSTERDAM, March 27 (Reuters): The Netherlands' five largest pension funds on Wednesday said they were willing to invest billions in the country's energy transition and to help support investment in the electricity grid.In a letter, addressed to the political parties...
SAN ANTONIO, Mar 27 (Reuters): Runaway prices at US fast-food joints and restaurants have made people skittish down the income ladder and executives at chains including McDonald's and Wendy's recently said they worry about losing business from those on the...
Different organisations placed wreaths at the portrait of Father of The Nation Bangabandhu Sheikh Mujibur Rahman on the occasion of the Independence and National Day on Tuesday. Some other organisations held discussions on the occasion.
HANOI, Mar 27 (AFP): A top Vietnamese luxury property tycoon was sentenced to eight years in prison, state media said Wednesday, after he was accused of cheating thousands of investors in a $355 million bond scam.It is the latest case...
BEIJING, Mar 27 (AFP): Chinese President Xi Jinping met with representatives of US businesses Wednesday as Beijing seeks to woo foreign investment and reassure American firms in the face of a slowing economy.Officials are keen to bring in investment to...
ACI Motors organised a 'Lovol Harvester Free Service Campaign' at Rampur Primary School in Shibganj upazila under Thakurgaon district on Sunday. The main objective of this programme was to provide timely service and harvester spare parts at affordable prices to...
Bangladesh Edible Oil Limited has taken an initiative to distribute essential commodities to orphanages. As part of it, the company distributed edible oil and rice to Madrasa Darul Uloom and Orphanage at Mirpur-6 and Jame-ul Uloom Madrasa at Mirpur-14 in...
Water Resources Ministry held a meeting at the Pani Bhaban in Dhaka on Wednesday to review the progress of various ADP projects under the ministry, with State Minister for Water Resources Zaheed Farooque in the chair. Senior secretary of the...
Chinese company Song Shin Leather (BD) Limited will set up a Leather processing industry in Cumilla EPZ, reports UNB.An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Song Shin Leather (BD) Co Limited at...
Prime Bank has launched Islamic banking services on its mobile banking app MyPrime at an event in the capital. Nazeem A Choudhury, deputy managing director, Wasiul Alam, SEVP and head of Branch Distribution Network, and other senior officials of the...
WASHINGTON, Mar 27 (Reuters): US banks could see a modest hit to their earnings due to the $30 billion settlement to limit credit and debit card fees for merchants by payments networks Visa and Mastercard, Wall Street analysts said.The antitrust...
FE REPORT | 2024-03-28 00:00:00
The stock market watchdog has fined investor Abul Khayer and his associates Tk 2 million for manipulating the stock price of Genex Infosys.On 28 March 2022, Genex Infosys was traded at Tk 129 per share and then fell to Tk...
FE REPORT | 2024-03-28 00:00:00
Stocks witnessed another sharp decline, with the benchmark index of the Dhaka Stock Exchange sinking below 5,800 after three years, as local and foreign investors continued sell-offs to safeguard their investments from further erosion.Market experts say the market faced another...
COLOMBO, Mar 27 (AFP): Sri Lanka's central bank cut interest rates Tuesday as the prime minister visited China seeking a debt restructuring deal crucial to maintaining an IMF bailout.Sri Lankan Prime Minister Dinesh Gunawar-dena is in Beijing, the island's biggest...
MADRID, Mar 27 (AFP): Spanish inflation accelerated in March due mainly to higher energy costs, preliminary official data showed Wednesday.Consumer prices rose 3.2 per cent on an annual basis, up from 2.8 per cent in February, national statistics office INE...
TOKYO, Mar 27 (AFP): The yen hit a 34-year low against the dollar on Wednesday, just over a week after the Bank of Japan announced a much-anticipated interest rate hike in a shift away from years of ultra-loose monetary policy.The...
STOCKHOLM, Mar 27 (Reuters): H&M, the world's second-largest listed fashion retailer, reported a stronger than expected first-quarter operating profit, as new CEO Daniel Erver said shoppers liked the brand's spring collections.The Swedish group has struggled to maintain its position in...
MOSCOW, Mar 27 (Reuters): Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates (UAE) become more wary of US secondary sanctions, eight...
ZURICH, Mar 27 (Reuters): UBS has sealed the sale of Credit Suisse's securitised products business to Apollo Global Management as part of efforts to shed non-core assets after its takeover of the collapsed banking group.Apollo will purchase $8 billion of...
National Finance Ltd signed a memorandum of understanding (MoU) with Nagad recently. This partnership will enable customers to use the state-of-the-art payment service of Nagad while paying to NFL through the Nagad app. Irteza Ahmed Khan, Managing Director of National...
A meeting of the Shari'ah Supervisory Committee of Islami Bank Bangladesh PLC was held on Wednesday on a virtual platform. Mawlana Obaid Ullah Hamzah, Chairman of the committee, presided over the meeting. Mufti Sayeed Ahmed, Vice Chairman, Prof. Dr. Mohammad...
MUMBAI, Mar 27 (Reuters): Indian exporters have received notices from the customs department demanding payment of duty differentials on rice exported in the last 18 months, four exporters told Reuters, a rare tax demand that could cripple rice shipments from...
BENAPOLE, Mar 27 (UNB): A consignment of 300 tonnes of potatoes, imported from India, made their way into the country through Benapole land port recently. This rounds up the total shipment of 1000 tonnes of potatoes during the month of...
FE REPORT | 2024-03-28 00:00:00
The government has asked factory owners to pay the workers' wages and festival allowances before the Eid-ul-Fitr holiday starts.State Minister for Labour and Employment Nazrul Islam Chowdhury on Wednesday also instructed the factory owners of all sectors not to terminate...
FE REPORT | 2024-03-28 00:00:00
The cabinet committee on economic affairs (CCEA) on Wednesday approved a proposal, in principle, allowing the Trading Corporation of Bangladesh (TCB) to import 50,000 tonnes of onion from neighbouring India. The National Cooperative Exports Limited of India will supply the...
Boeing's board has begun the search for a big-hitter to take the helm of the troubled planemaker following the turbulent tenure of CEO Dave Calhoun, with many industry executives and analysts predicting it will seek an outside remedy, reports Reuters.Facing...
Gold prices edged higher on Wednesday as investors awaited US inflation data that could offer fresh clues about when the Federal Reserve will start easing its monetary policy, reports Reuters.Spot gold was up 0.3 per cent at $2,185.89 per ounce...
CANBERRA/PARIS, Mar 27 (Reuters): Chicago corn and soybean futures fell on Wednesday as the markets looked ahead to data on US planting and grain stocks due on Thursday that could move prices.Wheat edged lower as traders dismissed concerns that exports...
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