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Tokyo's Nikkei hits 33 year-high

2024-01-10 00:00:00

TOKYO, Jan 9 (AFP): Tokyo stocks closed higher on Tuesday on the back of gains in US tech stocks, pushing the Nikkei index to a 33-year high.The benchmark Nikkei 225 index climbed 1.16 percent, or 385.76 points, to end at...

Financials rein in Indian shares' auto stocks-driven jump

2024-01-10 00:00:00

BENGALURU, Jan 9 (Reuters): Indian shares closed higher on Tuesday, led by a jump in auto stocks, but surrendered a lot of their gains in the final hour of trade due to a drop in financials on concerns of moderating...

Risks from private equity and credit need attention, BoE regulator says

2024-01-10 00:00:00

LONDON, Jan 9 (Reuters): The end of cheap money and its impact on private equity and private credit warrants "particular focus" given these areas' crucial role in funding companies, Bank of England regulator Nathanael Benjamin said on Tuesday.A decade of...

Indian refiners seek extra Saudi oil after sharp price cut

2024-01-10 00:00:00

NEW DELHI, Jan 9 (Reuters): Two Indian state refiners are seeking to boost imports of Saudi crude oil after the kingdom cut the official selling price of its key export grade for February to the lowest in 27 months, company...

Google faces multibillion-dollar US patent trial over AI technology

2024-01-10 00:00:00

BOSTON, Jan 9 (Reuters): Alphabet's Google is set to go before a federal jury in Boston on Tuesday in a trial over accusations that processors it uses to power artificial intelligence technology in key products infringe a computer scientist's patents.Singular...

Maldives courts investors in China as ties with India sag

2024-01-10 00:00:00

BEIJING, Jan 9 (Reuters): At an "Invest Maldives" forum in a southern Chinese port city, Maldivian President Mohamed Muizzu shook hands and exchanged words with smiling local officials on a China visit set to deepen bilateral ties as the archipelagic...

BKB chairman pays tribute to Bangabandhu

2024-01-10 00:00:00

Md Nasiruzzaman, chairman of the Board of Directors of Bangladesh Krishi Bank (BKB), paid tribute to Father of the Nation Bangabandhu Sheikh Mujibur Rahman by placing a wreath at his grave at Tungipara in Gopalganj on Tuesday. Md Nasiruzzaman took...

Agrani Bank workshop

2024-01-10 00:00:00

Agrani Bank Training Institute (ABTI) has organised a three-day training workshop on 'Risk-Based Internal Audit'. Md Murshedul Kabir, Managing Director & CEO of Agrani Bank PLC, inaugurated the workshop on Tuesday. Md Rezaul Karim, Director and Deputy General Manager of...

Sayduzzaman made MD (CC) of Phoenix Finance

2024-01-10 00:00:00

Mohammad Sayduzzaman, Deputy Managing Director of Phoenix Finance and Investments Limited, took over as Managing Director (Current Charge) of the company with effect from January 01, says a statement. The Board of Directors of the company made the decision regarding...

16th AGM of Shahjibazar Power Company held virtually

2024-01-10 00:00:00

The 16th annual general meeting (AGM) of Shahjibazar Power Company Ltd was held virtually on Tuesday. Anis Salahuddin Ahmad, chairperson; Faridul Alam, managing director, and Yeasin Ahmed, company secretary, attended the meeting. The AGM approved 11 per cent cash dividend...

Portugal's revamped golden visa scheme to boost investment funds

2024-01-10 00:00:00

LISBON, Jan 9 (Reuters): Buying property in Portugal is no longer a route to a "golden visa" giving residency rights but foreigners who want to secure one can still put their money into investment funds, which now anticipate a boom...

Eastern Lubricants' profit plunges 47pc in Oct-Dec

FE REPORT | 2024-01-10 00:00:00

Eastern Lubricants has shown a 47 per cent lower profit to Tk 4.74 million in the second quarter through December last year, compared to the same period a year earlier, as its revenue fell.In a stock exchange filing on Tuesday,...

Not bound by rules, they eye revenue boost. Environ benefits are byproducts

MOHAMMAD MUFAZZAL | 2024-01-10 00:00:00

Two listed cement makers have been adopting technologies in moving towards high production at an expense of less energy and less emission of dust. Though the primary motive in this is to scale up production, energy efficiency has encouraged Crown...

US trade deficit narrows as imports decline

2024-01-10 00:00:00

WASHINGTON, Jan 9 (Reuters): The US trade deficit narrowed in November as imports of consumer goods fell to a one-year low amid slowing domestic demand, a trend that, if it persists in December, could result in trade having no impact...

Now no limit on carrying over unused mobile data

FE REPORT | 2024-01-10 00:00:00

The Bangladesh Telecommunication Regulatory Commission (BTRC) has lifted the limit on unused mobile data to be carried forward to the next purchase of the same pack.Previously, if a data pack expired, mobile subscribers could carry forward up to 50 GB...

Garment tech show, GAP Expo begin tomorrow

2024-01-10 00:00:00

Garment Technology Bangladesh (GTB) 2024, an international trade show focused on garment machinery and allied products, will be held in Dhaka on January 11-14, alongside GAP Expo showcasing garment accessories and packaging.The 21st edition of GTB 2024 and the 12th...

Novoair celebrates 11th anniversary

2024-01-10 00:00:00

Novoair, the leading private airline of the country, celebrated its 11th anniversary with various programmes on Tuesday, says a statement. On the occasion, Mofizur Rahman, Managing Director of Novoair, said, "We give equal importance to two main mantras -- safety...

AKHTAR GROUP, UNIVERSAL MEDICAL COLLEGE HOSPITAL SIGN AGREEMENT

2024-01-10 00:00:00

Akhtar Group and Universal Medical College Hospital signed a corporate health agreement recently. General Manager at the Human Resources and Supply Chain Department of the hospital Wing Commander Md Abdul Hafiz Sarker (Retd.), the hospital's Assistant General Manager (Business Development)...

Global growth in 2024 to slow for third straight year: WB

2024-01-10 00:00:00

WASHINGTON, Jan 9 (Reuters): The World Bank warned on Tuesday that global growth in 2024 is set to slow for a third year in a row, prolonging poverty and debilitating debt levels in many developing countries.Hamstrung by the COVID-19 pandemic,...

Gold prices edge up ----

2024-01-10 00:00:00

Gold prices rose on Tuesday after touching a three-week low in the previous session as traders reassessed interest rate cut expectations from the Federal Reserve after a report showed consumers expect lower inflation this year, reports Reuters.Spot gold was up...

Soybeans and corn steady

2024-01-10 00:00:00

CANBERRA, Jan 9 (Reuters): Chicago soybean and corn futures steadied on Tuesday after falling oil prices and improved crop conditions in major producer Brazil dragged them to multi-year lows in the previous trading session.Wheat futures also rose slightly after a...

Oil rises $2 as Middle East crisis, inflation in focus

2024-01-10 00:00:00

LONDON, Jan 9 (Reuters): Oil prices rose by more than $2 on Tuesday on tensions in the Middle East and reduced Libyan output, but were yet to fully recovered from steep losses earlier this week.Brent crude futures rose by $2,...

Qatar under pressure in Asian Cup defence after abrupt Queiroz axing

2024-01-10 00:00:00

DOHA, Jan 09 (AFP): Qatar go into the Asian Cup starting on Friday as hosts and holders but the shock axing of Carlos Queiroz as coach last month has thrown their title defence into serious question.Prior to that, the talk...

German football legend Beckenbauer dies

2024-01-10 00:00:00

BERLIN, Jan 09 (AFP): Legend Franz Beckenbauer, who left a unique imprint on German football as player, captain and coach, died at the age of 78, the German football association said Monday."Franz Beckenbauer was definitely the biggest German footballer of...

Shami targets comeback during Test series against England

2024-01-10 00:00:00

Mohammed Shami has said his recovery from an ankle injury is "on track" and that he hopes to make a comeback during India's five-Test series against England starting on January 25, reports https://www.espncricinfo.com."My rehabilitation is well on track and the...

Salahuddin returns home from hospital

2024-01-10 00:00:00

Bangladesh Football Federation's (BFF) president Kazi Md Salahuddin has successfully returned home after a period of recuperation in a private cabin following his coronary bypass surgery, reports BSS.He is now comfortably settled at his residence.Salahuddin's recovery has been steady and...

Ostapenko, Garcia progress in Adelaide

2024-01-10 00:00:00

ADELAIDE, Jan 09 (AFP): Wimbledon champion Marketa Vondrousova pulled out of the Adelaide International with a hip injury Tuesday just days before the Australian Open, as Jelena Ostapenko set up a clash against Caroline Garcia.Czech world number seven Vondrousova began...

Africa the next frontier for trophy hunter Salah

2024-01-10 00:00:00

ABIDJAN, Jan 09 (AFP): Serial goal scorer Mohamed Salah has conquered the world, Europe and England with Liverpool. Now he dreams of leading Egypt to African glory.He has come agonisingly close twice with his country, being part of the teams...

Tamim suffers finger injury ahead of BPL

2024-01-10 00:00:00

Opener Tamim Iqbal suffered an injury on Tuesday while batting at the net in his bid to come back to the cricket with the upcoming Bangladesh Premier League (BPL), reports BSS.A pacy delivery of fast bowler Taskin Ahmed hit on...

Two dead as speeding bike goes under bus in Rajshahi

2024-01-10 00:00:00

RAJSHAHI, Jan 09 (UNB): Two people were dead when a motorbike went under a bus on Puthia-Taherpur road in Puthia upazila of Rajshahi district on Tuesday.The deceased were identified as Mahabbat Ali, 25, son of Akkas Ali, and Abu Syed,...