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Oil steadies after week of heavy losses

LONDON, Sept 9 (Reuters): Oil futures edged up on Monday as the risk of production disruptions from a potential hurricane approaching the U.S. Gulf Coast helped prices steady after last week's heavy losses.Brent crude was up 16 cents, or 0.23 per cent, to $71.22 a barrel at 1315 GMT while...

WTO Public Forum 2024 begins today

As the World Trade Organization (WTO) celebrates its 30th anniversary, the largest annual outreach event of the multilateral trade rule-making body will focus on the necessity of re-globalisation at a time when the wave of de-globalisation is on the rise. Officially dubbed WTO Public Forum 2024, the four-day event starts...

Trade makes global economy more inclusive

ASJADUL KIBRIAInternational trade has played a crucial role in narrowing the income gap between economies since the formal inception of the World Trade Organization (WTO) three decades ago on January 1, 1995.Again during two and half decades after the establishment of WTO, between 1995 and 2020, trade cost reductions led...

China's consumer prices rise in Aug

BEIJING, Sept 09 (Reuters): China's consumer inflation accelerated in August to the fastest pace in half a year but the uptick was due more to higher food costs from weather disruptions than a recovery in domestic demand as producer price deflation worsened.A sputtering start in the second half is mounting...

IFIC Bank's newly formed board holds first meeting

IFIC Bank's newly formed board holds first meeting The first meeting of the reconstituted Board of Directors of IFIC Bank PLC (894th Board Meeting) was held on Sunday at the Board Room of the bank's Head Office. Md. Mehmood Husain has been elected the chairman of the board of directors....

Carrefour teams up with Dubai's Apparel Group

PARIS, Sept 09 (Reuters): French multinational retail giant Carrefour is launching a franchise partnership with Dubai-based Apparel Group to establish its presence in India.The partnership will be aimed at North India initially, with further expansion planned across the country and the first store openings expected in 2025, Carrefour said on...

UCB students to benefit from partnership with EBL

UCB students to benefit from partnership with EBLCountry's pioneering international education provider Universal College Bangladesh (UCB) has partnered with leading private bank Eastern Bank PLC. (EBL) to provide exciting career prospects to UCB students. A Memorandum of Understanding (MoU) has been signed between the two organisations with a vision to...

Anowar Pasha appointed CCCI administrator

The government has appointed Muhammad Anowar Pasha, additional divisional commissioner (general) of Chattogram, as the administrator for the Chittagong Chamber of Commerce and Industry (CCCI), reports BSS.The Ministry of Commerce issued a notification on Monday to this end. Anowar Pasha was appointed as per Section-17 of the Trade Organisations Ordinance-2022.The...

ECB to deliver fresh rate cut as inflation cools

FRANKFURT, Sept 09 (AFP): The European Central Bank (ECB) is expected to cut interest rates again this week as inflation drifts back down towards its two-per cent target, but policymakers will likely stay tight-lipped on future moves.The ECB began raising rates sharply in mid-2022 to throttle surging consumer prices but...

Mercantile Bank Workshop on Offshore Banking

Mercantile Bank Workshop on Offshore BankingMercantile Bank Training Institute organised a daylong workshop on offshore banking policy and operations on its premises recently. A total of 46 officials participated in the workshop. Mati Ul Hasan, Additional Managing Director & CRO of the bank, inaugurated the workshop. Shamim Ahmed, Deputy Managing...

HSBC facilitates digital collections for Sailor

The Hongkong and Shanghai Banking Corporation Limited (HSBC) has recently collaborated with Sailor, the flagship fashion brand of Epyllion Group to introduce a seamless cashless payment experience through HSBC's newly launched digital collection solution, Omni Collect. This innovative solution will allow the retail customers of Sailor to make digital payments...