JASIM UDDIN HAROON & REZAUL KARIM | 2024-01-13 00:00:00
Majority macro-indicators of Bangladesh's economy signal significant challenges facing the new government that economists attribute to persisting global and local adversities as well as turbulent internal political transition. As many as six out of nine key economic indicators prepared by...
WASHINGTON, Jan 12 (Reuters): Major US bank fourth quarter profits fell on Friday as lenders put aside cash to replenish a government insurance fund dented by last year's bank failures, and as the rising cost of retaining deposits ate into...
Kazakh carrier Air Astana has outlined its intention to list on the London and Kazakhstan stock exchanges this year, reports flightglobal.com.An IPO has long been on the agenda for Air Astana, which is 51 per cent owned by Kazakhstan's sovereign...
NEW YORK/LONDON, Jan 12 (Reuters): BlackRock said on Friday it would buy Global Infrastructure Partners (GIP) for $12.5 billion in a major bet on alternative assets and announced a shake-up of its top management.The deal, which includes $3 billion in...
Social Islami Bank PLC distributed blankets among underprivileged people in Malibag-Mouchak area of Dhaka city recently as a part of its corporate social responsibility (CSR). Zafar Alam, Managing Director and CEO of the bank, handed over the blankets to the...
Global investors accumulated money market funds for a third straight week in the seven days to January 10, while pulling back from equity funds, as they favoured safer bets ahead of key US inflation data, reports Reuters.Global money market funds...
FE REPORT | 2024-01-13 00:00:00
Snapping a three-week losing streak, the equity benchmark index rebounded sharply in the outgoing week as investor sentiment got a boost following the 12th national election that saw a landslide victory for the ruling Awami League.As political uncertainties started easing...
BEIJING, Jan 12 (AFP) : Deflation in China continued for the third month in a row in December, according to official figures released on Friday, bucking the trend in other major inflation-hit economies.The consumer price index (CPI) fell 0.3 percent...
PARIS, Jan 12 (AFP) : The world's political and business elites will convene in Davos next week, with wars in Gaza and Ukraine set to dominate the annual gabfest in the Swiss Alps.Russia's nearly two-year-old assault on Ukraine has taken...
BERLIN, Jan 12 (AFP) : Electric car manufacturer Tesla has announced it is suspending for two weeks the bulk of production at its factory in Germany, citing a shortage of parts due to shipping delays caused by Huthi rebel attacks...
WASHINGTON, Jan 12 (AFP) : The IMF's executive board approved an immediate disbursement of around $700 million for Pakistan Thursday as part of a program to support the cash-strapped South Asian country through an economic crisis.The funds were unlocked after...
FE REPORT | 2024-01-13 00:00:00
Local garments manufacturing company, Evitex Dress Shirt Ltd, a sister concern of Evince Group, has obtained Platinum (recertifies) Leadership in Energy and Environmental Design (LEED) certificate.The fashion goods manufacturer achieved the LEED certificate for existing building design by US Green...
Guardian Life Insurance Limited (GLIL) and Dutch-Bangla Bank PLC have signed a partnership agreement to initiate bancassurance operations at GLIL's head office in Dhaka recently. In the presence of Abul Kashem Md Shirin, Managing Director and CEO of Dutch-Bangla Bank,...
FE REPORT | 2024-01-13 00:00:00
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the Canadian Hindu Chamber of Commerce (CHCC) will work together to enhance bilateral trade between Bangladesh and Canada.Top office-bearers of the country's apex trade body and the CHCC reached...
BUENOS AIRES, Jan 12 (AFP): Argentina's annual inflation surged beyond 200 percent in 2023, the statistics agency said Thursday, as the country grapples with an economic crisis new President Javier Milei has vowed to address by slashing state spending.Monthly inflation...
Gold prices rose more than 1 per cent to a one-week high on Friday as an escalation in Middle East conflict fuelled safe-haven buying, and a softer US producer price index data boosted bets that the Federal Reserve might cut...
BEIJING, Jan 12 (AFP): Trade between China and Russia hit a record high in 2023, official data from Beijing showed on Friday, as commerce with the United States fell for the first time in four years on the back of...
LONDON, Jan 12 (Reuters): Oil prices rose more than 2.5% on Friday as the United States and Britain carried out air and sea strikes on Houthi military targets in Yemen in response to attacks by the Iran-backed group on shipping...
Tens of thousands protest in Poland against ex-ministers' imprisonmentWARSAW, Jan 12: Tens of thousands of opposition supporters massed outside Poland's parliament on Thursday to protest against the new government's changes to state media and the imprisonment of two former ministers...
Paris: French Prime Minister Gabriel Attal (centre) sits by French Interior Minister Gerald Darmanin (left) and French Education, Sports and Olympic Games Minister Amelie Oudea-Castera (right) at the start of the first cabinet meeting following the appointment of a new...
COLOMBO, Jan 12 (Arab News: In a first for Sri Lanka’s Navy, the first batch of women has joined its naval academy to train as officers.Female personnel began to receive Navy assignments in 2022, but until now it was only...
AL-JAZIRA STATE (Sudan), Jan 12 (AFP): Fighting between rival Sudanese forces including air strikes on the capital Khartoum have killed at least 33 civilians, pro-democracy lawyers said overnight to Friday.Sudan has been gripped by nearly nine months of war pitting...
Hanoi, Jan 12 (Reuters): The head of Vietnam's Communist Party Nguyen Phu Trong is expected to miss on Friday the second state visit of a foreign leader to Hanoi in less than a week amid concerns about his health.Trong, 79,...
PARIS, Jan 12 (Arab News): In 2023, the world’s oceans took up an enormous amount of excess heat, enough to “boil away billions of Olympic-sized swimming pools,” according to an annual report published Thursday.Oceans cover 70 percent of the planet...
BEIJING, Jan 12 (AFP): China's military on Friday vowed to "crush" any efforts to promote Taiwan's independence, a day before a crucial election on the self-ruled island which Beijing claims is part of its territory."The Chinese People's Liberation Army maintains...
YANGON, Jan 12 (AFP/Reuters): Myanmar's military and an alliance of armed ethnic minority groups announced a China-mediated ceasefire on Friday following months of conflict that has posed the biggest threat to the junta since it seized power in 2021.Fighting has...
GAZA STRIP (Palestinian Territories), Jan 12 (Agencies): South Africa’s landmark case against Israel for its war on Gaza began on Thursday at the International Court of Justice (ICJ), the World Court based in The Hague. Pretoria is accusing Israel of...
COLOMBO, Jan 12 (AFP): Sri Lankan leg-spinner Wanindu Hasaranga made a stunning return to international cricket with a career-best 7-19 to guide his side to an eight-wicket win against Zimbabwe and clinch a 2-0 ODI series win Thursday in Colombo.In...
Taylor Townsend of the US (L) and Brazil's Beatriz Haddad Maia pose with the trophy after winning their women's doubles final against France's Caroline Garcia and Kristina Mladenovic during the Adelaide International tennis tournament in Adelaide on Friday — AFP
PARIS, Jan 12 (AFP): Paris Saint-Germain resume their Ligue 1 title bid after the winter break against last season's runners-up Lens as the focus sharpens increasingly on the future of France captain Kylian Mbappe.The league's top scorer for each of...
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