Regional lenders at the heart of last year's banking crisis are cutting more deals to shore up their balance sheets and compete with rivals, extending a wave of consolidation in the sector that may attract anti-trust scrutiny, reports Reuters.The banks,...
US stock index futures were little changed on Monday after Wall Street notched up its best week of the year, while investors looked ahead to Federal Reserve Chair Jerome Powell's speech at Jackson Hole for rate-cut indications, reports Reuters.All three...
RIYADH, Aug 19 (Arab News): Saudi Arabia's holdings of US Treasury bonds increased to $140.3 billion in June, reflecting a 26.73 percent year-on-year rise. Data from the US Treasury Department showed the Kingdom maintained its position as the 17th largest...
LONDON, Aug 19 (Reuters): Wall Street looked to a flat open as the dollar tipped lower on Monday off the back of last week's surging stock markets as expectations the US economy would dodge a recession and cooling inflation would...
ORLANDO, Florida, Aug 18 (Reuters): By one measure, the speculative Japanese yen-funded carry trade has been completely unwound.The latest Commodity Futures Trading Commission data show that hedge funds and speculators have flipped their long-standing short yen position and are now...
MUMBAI, Aug 19 (Reuters): The Reserve Bank of India on Monday issued a framework for recognition of self-regulatory organisations in the financial markets space to help strengthen compliance culture and provide a consultative platform for policy making.The proposed self-regulatory organisations...
Ottawa, Aug 19 (BBC): A Canadian convenience store giant has made a surprise £29.7bn bid for its Japanese rival 7-Eleven in what could be the country's biggest-ever foreign takeover.Circle K owner Alimentation Couche-Tard's (ACT) made the approach for the chain...
NEW YORK, Aug 19 (Reuters): Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months to 20 per cent from 25 per cent following the latest weekly jobless claims and retail...
SYDNEY, Aug 19 (AFP): Australia warned Monday that the "softness" of China's economy and tumbling iron ore prices could leave a multibillion-dollar hole in the nation's budget.Troubles in China's massive construction sector have seen iron ore prices drop about 30...
RIYADH, Aug 19 (Arab News): A total of 505 new firms were registered on the Qatar Financial Centre platform in the first half of 2024, up 230 per cent year on year, new data revealed.A QFC mid-year progress review disclosed...
WASHINGTON, Aug 19 (Reuters): Four years after Federal Reserve Chair Jerome Powell made fighting unemployment a bigger priority during the Covid-19 pandemic, he faces a pivotal test of that commitment amid rising joblessness, mounting evidence inflation is under control, and...
REHAB signed a Memorandum of Understanding (MoU) with Hotel Radisson Blu on Monday for hosting 'REHAB Chattogram Fair 2024' at the Mejban Hall of the hotel in Chattogarm. Central Vice President of REHAB and Chairman of REHAB Chattogram committee Delwar...
Electronics giant Walton offered up to 50 per cent cash discounts on purchase of its domestically manufactured specific models of electronics, electrical, home and kitchen appliances, IT devices and accessories from the website of Walton Plaza across the country.The country's...
Pubali Bank organised a five day long "Orientation Program" for 150 new recruits. The programme aims to familiarize participants with the concepts, principles, rules, regulations, laws and practices of the bank. MD and CEO Mohammad Ali, and deputy managing directors...
FE REPORT | 2024-08-20 00:00:00
Chairman of the Dhaka Stock Exchange (DSE) Hafiz Md Hasan Babu resigned on Monday from the board of the premier bourse, showing personal reasons.DSE officials said Mr. Babu sent an email bearing his resignation to the chairman of the securities...
BABUL BARMAN and FARHAN FARDAUS | 2024-08-20 00:00:00
Beximco was allowed to raise Tk 15 billion by issuing zero-coupon bonds in March this year though its financial performance showed signs of high default risks. Its profit in FY23 plunged 77 per cent year-on-year to Tk 7.1 billion and...
Gold eased on Monday after powering to an all-time high above the important $2,500 per ounce level in the last session on strong safe-haven demand and expectations of an imminent US rate cut as investors seek more cues on the...
JAKARTA, Aug 19 (Reuters): Malaysian palm oil futures recovered on Monday, paring some losses in the previous session on bargain hunting.The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 40 ringgit, or 1.09...
LONDON, Aug 19 (Reuters): Copper prices scaled 2-1/2 week highs on Monday with buying spurred by signs of improving demand in top consumer China and a sliding dollar as expectations of an imminent rate cut in the United States mounted.Physical...
LONDON, Aug 19 (Reuters): Oil prices eased on Monday, with Brent holding below $80 as concern over demand in top oil importer China weighed on market sentiment.Brent crude futures dropped 63 cents, or 0.8 per cent, to $79.05 a barrel...
LONDON, Aug 19 (Reuters): Florida resident Kathy Pafunda is reading books and perusing maps to plan a Norway getaway next summer, following visits over the last two years to cool-weather destinations Alaska, Utah, Minnesota and Iceland."We like to escape during...
PARIS, Aug 19 (AFP): The world's largest video game trade show, Gamescom, opens its doors on Tuesday in Germany at a sensitive moment for an industry battered by layoffs and studio closures.Organisers expect the event, which runs until Sunday in...
NEW YORK, Aug 19 (Reuters): AMD on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware and battle Nvidia.AMD plans to pay...
MUMBAI, Aug 19 (Reuters): The Indian rupee closed stronger on Monday, aided by a rally in Asian currencies that helped the local unit touch its highest in two weeks.The rupee closed at 83.87 against the US dollar, up from its...
RIYADH, Aug 19 (Arab News): Multiple US-Saudi real estate agreements are set to be signed during a five-day visit by a leading official from the Kingdom to the North American country.Minister of Municipalities and Housing Majid bin Abdullah Al-Hogail began...
KARACHI, Aug 19 (Reuters): Chinese electric vehicle giant BYD on Saturday announced plans to open a car production plant in Pakistan, where it will also start selling three models through a partnership with Mega Motors.BYD is the first major new...
MOSCOW, Aug 19 (Reuters): Russian wheat export prices declined last week amid lower global prices and weak demand, as analysts expect new crop supplies to increase and exert further downward pressure.The price of 12.5 per cent protein Russian new crop...
HYDERABAD, Aug 19 (Reuters): Nearly 12 per cent of tested spice samples failed to meet quality and safety standards, according to data obtained by Reuters of tests by Indian authorities after several countries took steps over contamination risks in two...
BRAC Bank organised, a daylong workshop on the 'Prevention of Money Laundering and Combating Financing of Terrorism' for its officials in Chattogram recently. Arief Hossain Khan, Executive Director of Bangladesh Bank, attended the training as the chief guest. Md Arifuzzaman,...
The Bangladesh Road Transport Authority (BRTA) resumed all services on Monday as its server has become operational once again, reports bdnews24.com.The BRTA issued an urgent notification stating: "Now that the server and IS installed in the BRTA building are operational,...
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