LONDON, Dec 8 (Reuters): Copper prices extended their rebound on Friday, lifted by firm demand in top metals market China and hopes for interest rate cuts next year that would boost the global economy.Three-month copper on the London Metal Exchange...
Hong Kong's Cathay Pacific Airways said on Friday it has placed a firm order to purchase six Airbus A350 freighters with a list price of $2.71 billion, as it replaces its ageing Boeing 747 cargo jets, reports Reuters.Cathay, which has...
LONDON, Dec 8 (Reuters): Oil benchmarks were on track for a seven-week decline on Friday, their first in half a decade, on worries about a supply surplus and weak Chinese demand, though prices rebounded after Saudi Arabia and Russia lobbied...
Gold prices were flat on Friday, as markets looked forward to the crucial US jobs data for more clues on the Federal Reserve's monetary policy decision, although a firmer dollar kept bullion on track for its first weekly fall in...
Nilratan Halder | 2023-12-08 12:00:00
In his scholarly keynote dissertation presented at a programme marking the 63rd anniversary of the International Centre for Diarrhoeal Disease Research, Bangladesh (ICDDR,B), renowned economist Dr Binayak Sen notes with concern the emergence of two societies in one nation. Titled...
ABIDJAN, Dec 7 (Reuters): Ivory Coast's cocoa regulator, the Cocoa-Coffee Council (CCC), has halted sales of cocoa export contracts for the 2024/25 season due to concerns about low output, two CCC sources told Reuters.The CCC has sold between 950,000 and...
Gold prices climbed on Thursday, buoyed by a weakness in the dollar and Treasury yields, with investors awaiting crucial US payrolls data that could help ascertain the Federal Reserve's interest rate trajectory, reports Reuters.Spot gold rose 0.4 per cent to...
LONDON, Dec 7 (Reuters): Oil prices reclaimed some ground on Thursday after tumbling to a six-month low the previous day, but investors remained concerned about sluggish demand in the US and China.Brent crude futures were up 52 cents, or 0.7...
Scott Murdoch, Emily Chow and Lewis Jackson | 2023-12-08 00:00:00
SYDNEY, Dec 7 (Reuters): Australia's Woodside Energy and Santos said on Thursday they were in preliminary talks to create an A$80 billion ($52 billion) global oil and gas giant, as consolidation among international energy firms intensifies.Combining two of Australia's largest...
BENGALURU, Dec 7 (Reuters): India's benchmark indexes fell on Thursday after rallying for seven consecutive sessions, as investors took a breather a day before the Reserve Bank of India's (RBI) monetary policy decision.The NSE Nifty 50 index shed 0.17 per...
Gaurav Dogra and Patturaja Murugaboopathy | 2023-12-08 00:00:00
Dec 7 (Reuters): Asian equities attracted substantial foreign investment in November, signalling the prospects of continued inflows next year, bolstered by a decrease in U.S. Treasury yields and rising optimism for potential Federal Reserve rate cuts.According to data from stock...
BEIJING, Dec 7 (Reuters): China said on Thursday that Biden administration plans to limit Chinese content in batteries eligible for generous electric vehicle tax credits from next year violate international trade norms and will disrupt global supply chains.The plans will...
BEIJING, Dec 7 (Reuters): China-Russia trade hit $218.2 billion during January-November, Chinese customs data showed on Thursday, achieving the goal that had been set by the two countries in 2019 a year ahead of schedule.The two-way trade value in the...
LONDON, Dec 7 (Reuters): Copper prices rose in London on Thursday, halting a three-session run of declines, helped by strong Chinese export data and a weaker dollar, though other factors capped gains.Three-month copper on the London Metal Exchange (LME) edged...
Bangladesh Krishi Bank (BKB) celebrated the successful conclusion of its 100-day special programme, a strategic initiative launched by its Managing Director Md Shawkat Ali Khan. The programme, that began on August 23 and concluded on November 30, aimed to fortify...
Bashundhara Housing has been recognised as the 'most innovative property development firm' as it won the 'World Business Outlook Award 2023' at a global award ceremony held in Bangkok recently. Deputy Director General of Thailand Department of International Trade Promotion...
Alauddin, an automechanic from Chowmuhani under Begumganj upazila of Noakhali district, has received a cash voucher worth Tk 100,000 after he had purchased a Marcel-brand refrigerator. He was awarded the cash voucher as per the customer benefits declared in the...
The Structural Engineers Ltd. (SEL) celebrated its 40 years in the construction and housing industry with a programme held at the SEL Orchard Point at Dhanmondi in the city recently. Engineer Mohammad Abdul Awal, Managing Director, Mohammad Abdur Rahman (Shafi),...
Southeast Bank successfully conducted its fourth quarter "Business Review Meeting- 2023" recently. Nuruddin Md. Sadeque Hossain, managing director of the bank, presided over the conference. Senior Executives from head office, heads of branches, in-charges of sub-branches and heads of the...
Rupali Bank Ltd opens an ATM booth at Sherpur Town Corporate Branch in Sherpur. Mohammad Jahangir, managing director and CEO of the bank, inaugurated the booth recently. GM of Mymensingh Divisional Office Iqbal Hossain Khan and DGM of Jamalpur Zone...
Mercantile Bank organised a day-long workshop on cluster-based finance in Rangamati recently. A.B.M. Zohurul Huda, executive director of the Bangladesh Bank, Chattogram office, inaugurated the workshop as chief guest. Md. Zakir Hossain, DMD & head of Chattogram zonal office, Mercantile...
S M Wali Ul Morshed has been appointed as deputy managing director of Premier Bank. He served as senior executive vice president & head of foreign exchange branch of Shahjalal Islami Bank, according to a press release.Morshed is a experienced...
FE REPORT | 2023-12-08 00:00:00
The initial public offering (IPO) subscription of Best Holdings is set to begin on January 8 to raise Tk 3.50 billion from the primary market. It will continue until January 14, according to its IPO prospectus published on Thursday.The cut-off...
FE REPORT | 2023-12-08 00:00:00
Energypac Power Generation has reported a loss of Tk 449 million in FY23, owing to the sell-off of its electricity generating subsidiary. A major player in the supply, installation, commissioning, and maintenance of gas and diesel generators in Bangladesh, it...
FE REPORT | 2023-12-08 00:00:00
Five of the seven listed cement manufacturers improved their earnings in the July-September quarter of FY24, overcoming challenges stemming from rising energy costs as well as the depreciation of the taka against the dollar.The cement makers managed to offset additional...
BEIJING, Dec 7(Reuters): China's exports grew for the first time in six months in November, suggesting factories in the world's second-largest economy are attracting buyers through discount pricing to get over a prolonged slump in demand.Mixed manufacturing data for November...
WASHINGTON, Dec 7 (Reuters): The number of Americans filing new claims for unemployment benefits increased moderately last week, suggesting that the labor market was gradually losing momentum as higher borrowing costs curb demand in the broader economy.The weekly jobless claims...
Sonali Bank PLC and Probashi Kallyan Bank entered into an agreement regarding online loan installment collection and remittance payment by Probashi Kallyan Bank. Under the agreement, Probashi Kallyan Bank can use 'Sonali Payment Gateway', a popular payment solution. Dr Ahmed...
In the month of victory, Padma Bank has unveiled its new product named 'Bijoy-71'. To celebrate the Victory Day with its clients, Padma Bank has offered its clients an opportunity to open a fixed deposit plan at 9.0 per cent...
DHAKA, Dec 7 (BSS): Chinese company Crescent Hi Tech Co. Ltd. is going to set up an 'Active Pharmaceutical Ingredients (API)' manufacturing industry in BEPZA Economic Zone.This is the first API factory under the zones of Bangladesh Export Processing Zones...
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