HONG KONG, Nov 20 (AFP): Asian stocks mostly rose Monday following small gains on Wall Street as investors grow increasingly optimistic that the Federal Reserve has come to the end of its interest rate hiking cycle.After a string of reports...
MUMBAI, Nov 20 (Reuters): Indian non-banking finance companies (NBFCs), including Bajaj Finance, L&T Finance and SBI Cards and Payment Services, are likely to tap the bond market to raise funds following the central bank's tighter rules for personal loans, six...
Southeast Bank has been awarded the Global Treasury Management (Commercial Payments) Special Recognition Award by Wells Fargo Bank N.A. recently for its excellence in managing commercial payments. Nuruddin Md. Sadeque Hossain, managing director of Southeast Bank, received the award from...
Mutual Trust Bank Limited (MTB) signed an agreement with DGePay Services Limited, a White Label Merchant Acquirer (WLMA) as well as a payment system operator (PSO), licensed by Bangladesh Bank. Syed Mahbubur Rahman, managing director & CEO of MTB, and...
FE REPORT | 2023-11-21 00:00:00
Trading in the Mercantile Bank Perpetual Bonds will commence on the Dhaka Stock Exchange and the Chittagong Stock Exchange today (Tuesday) as 10th perpetual bonds under settlement category 'N'.A perpetual bond is a fixed-income security with no maturity date and...
A meeting of the board of directors of Islami Bank Bangladesh was held on Sunday virtually. Ahsanul Alam, chairman of the bank, presided over the meeting. Yousif Abdullah Al-Rajhi of Saudi Arabia was re-elected as the vice chairman in the...
Professor Dr Suborna Barua on Sunday joined the Investment Corporation of Bangladesh (ICB) as a director and chairman of the board of directors, said a statement. He is a professor at the Department of International Business at the University of...
FE REPORT | 2023-11-21 00:00:00
Stocks plummeted further on Monday, with the key index of the Dhaka Stock Exchange (DSEX) dipping to a three-month low, as jittery investors continued to dump their holdings to avoid further erosion of their portfolios.The market has remained bearish for...
STOCKHOLM, Nov 20 (AFP): Postal workers halted deliveries to Tesla repair shops in Sweden on Monday, joining mechanics and dock workers in a strike over the US company's refusal to sign a collective wage agreement.Some 130 mechanics at 10 Tesla...
BARCELONA, Nov 20 (AFP): Colombian superstar Shakira will pay millions of euros in fines as part of a settlement announced Monday with Spanish prosecutors to settle her tax fraud case and avoid trial.Under the deal, announced at the start of...
SYDNEY, Nov 20 (Reuters): Westpac Banking Corp, Australia's third-largest bank by market capitalisation, said on Monday it would raise A$750 million ($488.1 million) in an Additional Tier 1 (AT1) capital transaction.Investors have already lodged bids worth A$2.35 billion at the...
RIYADH, Nov 20 (Arab News): Economic and trade partnerships between Cairo and Riyadh are on track to strengthen amid the Saudi commerce minister's visit to the North African country on Nov.19.Egyptian Prime Minister Mostafa Madbouly received Saudi Commerce Minister Majid...
BANGKOK, Nov 20 (AFP): Thailand's economy grew less than expected in the third quarter owing to still-weak exports, officials said Monday, as the government pushes a stimulus programme that includes cash handouts worth about $14 billion.The kingdom has endured a...
NEW YORK, Nov 20 (Reuters): Waste from at least 19 international brands including Adidas and Walmart is being used to fuel kilns in brick factories in Cambodia, and some workers were falling ill, according to a report by a local...
SAN FRANCISCO, Nov 20 (Reuters): OpenAI named ex-Twitch boss Emmett Shear as interim CEO, while outgoing chief Sam Altman is set to join backer Microsoft in a surprise turn of events for the startup at the heart of an artificial...
TOKYO, Nov 20 (Reuters): Japan's big employers are set to follow this year's bumper pay hikes with another round in 2024, which are expected to help lift household spending and give the central bank the conditions it needs to finally...
TAIPEI, Nov 20 (Reuters): Shares in Foxtron Vehicle Technologies, a unit of Taiwanese contract manufacturer Foxconn, fell in their market debut on Monday, hurt by concerns over headwinds in the highly competitive electric vehicle market.Foxtron shares did recover some ground...
LONDON, Nov 20 (Reuters): The dollar slid to a more than two-month low on Monday, extending a downtrend from last week as traders reaffirmed their belief that US rates have peaked and turned their attention to when the Federal Reserve...
NEW YORK, Nov 20 (Reuters): Citigroup CEO Jane Fraser announced the company was carrying out its next layer of management changes in a sweeping reorganization, according to a memo to staff on Monday."The actions we're taking to reorganize the firm...
RIYADH, Nov 20 (Arab News): Saudi Energy Minister Prince Abdulaziz bin Salman on Sunday announced the discovery of two new gas fields in the Eastern Province and the Empty Quarter respectively.A statement issued by the Ministry of Energy stated that...
The 384th meeting of the board of directors of Standard Bank Limited was held at its Gulshan office in the city on Sunday. Chairman of the bank Kazi Akram Uddin Ahmed presided over the meeting. It was attended by Standard...
Managing Director and CEO of Uttara Bank PLC Mohammed Rabiul Hossain virtually inaugurated the 32nd sub-branch of the bank named 'Saturia Sub-Branch' at Saturia in Manikganj on Sunday. Deputy Managing Directors Maksudul Hasan, Md Abul Hashem, Md Ashraf-uz-Zaman, and Md...
Social Islami Bank PLC has recently awarded the children of the bank's employees of Chattogram Zone for their brilliant results in SSC, HSC & equivalent examinations in 2022. Zafar Alam, Managing Director and CEO of the bank, was present as...
Prime Bank has recently organised the 'Annual Risk Conference-2023' at the Prime Tower in Dhaka. Md Jabdul Islam, Director of DOS-2 (Department of Off-Site Supervision) of Bangladesh Bank, was present as the chief guest while Additional Director of DOS-2 Dr...
Bengal Commercial Bank (BGCB) has opened its 26th branch at Banani in Dhaka. Md. Jashim Uddin, Chairman of the bank and also the President of SAARC Chamber of Commerce & Industry (SCCI), inaugurated the branch recently. Morshed Alam MP, Chairman...
BEIJING, Nov 20 (Reuters): The People's Bank of China and the Saudi Central Bank recently signed a local currency swap agreement worth 50 billion yuan ($6.93 billion) or 26 billion Saudi riyals, both banks said on Monday, as bilateral relations...
Bangladesh Bank has cancelled the licence of Walletmix Limited, a payment gateway company, for engaging in illegal transactions, reports UNB.The Payment Systems Department of Bangladesh Bank on Monday issued an instruction regarding the cancellation.The Bangladesh Bank Executive Director and spokesperson...
Dhaka Regency's Rooftop Garden Restaurant, 'Grill on The Skyline', has hosted a BBQ festival that began on November 16. The fiesta takes place from 6:00pm to 11:00pm daily, says a press release. The event at this renowned rooftop restaurant offers...
Mohammad Ali Deen has recently been elected president of the Commonwealth of Independent States-Bangladesh Chamber of Commerce and Industry (CIS-BCCI) for the term of 2023-2026, said a press release. He is a director of Runner Motors Ltd and also general...
Chinese company M/s United Spinning and Dyeing Ltd is going to invest US$ 28.20 million to set up a Dyed Textile Yarn manufacturing industry in Uttara EPZ, reports BSS.Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company...
© 2024 - All Rights with The Financial Express
