News Briefs (24-09-2020)

Nike set to lift S&P 500, Dow ahead of business activity data

The S&P 500 and the Dow were set for a higher open on Wednesday ahead of data that would throw light on the pace of an economic recovery from a coronavirus-driven recession, while Nike was set for a record open after a stunning quarterly earnings report. Shares of the world's largest athletic shoe maker NKE.N surged 12.4% in premarket trading as its digital sales, especially in North America, helped offset a fall in sales at traditional brick-and-mortar stores. The Dow constituent was set to drive the blue-chip index . — Reuters

GIM to provide Digital Supply Chain solution to BEOL

Bangladesh Edible Oil Limited (BEOL), representing the renowned brand 'Rupchanda' signed a Memorandum of Understanding (MoU) with GIM Digital Truck (gim.com.bd) recently to take advantage of the enterprise services of GIM Digital Truck (gim.com.bd), an online-based logistics solution provider. During the signing ceremony, on behalf of Ejogajog Limited, Md Tarikul Hasan, Head of Operation, Maruf Mizan, Head of Sales, and Md Iftekhar Uddin, Senior Manager, Sales were present. Inam Ahmed, General Manager of BEOL, signed the agreement on their part. According to the MoU, GIM will provide all services related to transporting goods for products including oil, rice, resin, imported machinery and others to all over Bangladesh.

— Statement