Wednesday, 27 Nov, 2024

Business

Deutsche Bank agrees $7.2bn US penalty

Germany’s Deutsche Bank says it has agreed a $7.2bn (£5.9bn) payment to US authorities over an investigation into mortgage-backed securities. The sum, which needs final approval, is far lower than the $14bn the US had asked the bank to pay in September, reports the BBC. That

Bourses witness loss Tuesday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed loss of share prices indices on Tuesday (December 20). DSEX, the prime index of DSE, shed over 10.48 points or 0.21 percent to stand at 4931.17 points at the end of

Japanese ‘Softbank’ invests $1bn in US ‘OneWeb’

DHAKA: Japanese technology giant Softbank is investing $1bn (£806m) in US space start-up OneWeb. Softbank founder Masayoshi Son said it was the “first step” in a pledge made to US President-elect Donald Trump about US investment. OneWeb is working on satellites that will help

Dhaka sees Int’l Trade Fair preparation

DHAKA: The International Trade Fair (DITF) 2017 jointly organized by Ministry Commerce and Export Promotion Bureau (EPB) is going to begin within a very short time. This year the number of participating countries is increasing. The preparation has begun on last November 1 and it

Bourses see inflation at opening

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing gain in share price indices in the opening hour on Tuesday (December 20), the third trading session of the week. DSEX, the prime index of Dhaka Stock Exchange

N’ganj City Corporation banks remain close Dec 22

DHAKA: Bangladesh Bank (BB) has directed all commercial banks to remain close all of its branches in Narayanganj City Corporation (NCC) areas on December 22 due to NCC polls. A notification signed by Deputy General Manager of BB Offsite supervision division, Bindu Bhushan Bosak, was

Bourses see gain Monday

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain on Monday (December 19), the second trading day of the week. The key index of Dhaka Stock Exchange, DSEX, gained over 3.06 points and 0.06

Emirates opens 11th gateway in US

DHAKA: Emirates Airlines launched its 11th destination in the USA with the start of a daily nonstop passenger service between Dubai and Fort Lauderdale-Hollywood International Airport on December 15. Fort Lauderdale is Emirates’ second destination in Florida, after launching Orlando

Bourses see inflation for 3rd day on the trot

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed gain in share price indices on Monday (December 19), the second trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), gain over 3.06 points

Markets see up at opening

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing gain in share price indices in the opening hour on Monday (December 19), the second session of the trading week. DSEX, the prime index of Dhaka Stock Exchange

Bourses see gain Sunday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed gain in share price indices on Sunday (December 18), the first trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), gain over 12.86 points

Sky and Fox agree £18.5bn takeover deal

DHAKA: Broadcaster Sky and 21st Century Fox have reached agreement on the terms of a takeover deal. Rupert Murdoch’s 21st Century Fox will pay £11.7bn for the 61 percent stake it does not already own, reports the BBC. Sky shareholders will receive £10.75 in cash for each share,

Bourses end week in green

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed gain in share price indices on Thursday (December 15), the last trading day of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), gain over 18.80 points or

RFL declares 35pc cash dividend

DHAKA: Rangpur Foundry Ltd (RFL) declared 35 percent cash dividend for its shareholders for the year 2015-2016 at the 36th Annual General Meeting of the Company held at Trust Milonayaton in Dhaka Cantonment Thursday (December 15). The matter was disclosed through a press release issued

Bourses see gain in opening hours

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing gain in share price indices in the opening hour on Thursday (December 15), the fifth and final day of the trading session. DSEX, the prime index of Dhaka Stock

Bourses see inflation Wednesday

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain in share prices indices on Wednesday (December 14), the fourth trading day of the week. DSEX, the prime index of DSE, DESX gained over 37.32 points or 0.76

Axiata, edotco announce $600-m equity private placement deal

DHAKA: Axiata Group Berhad and its subsidiary, edotco Group on December 13 (Tuesday) announced a record $600 million Primary and Secondary Equity Private Placement Deal with Innovation Network Corporation of Japan (INCJ) and Khazanah Nasional Berhad (Khazanah) for primary and secondary

Markets see up at opening

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing upwards trends in share price indices in the opening hour on Wednesday (December 14). DSEX, the prime index of Dhaka Stock Exchange (DSE), gained over 27.30 points

Swift confirms new bank cyber thefts, hacking tactics

DHAKA: Cyber criminals targeting the global bank transfer system have succeeded in stealing funds since February’s heist of US$81 million (S$115.3 million) from the Bangladesh central bank as hackers have become more sophisticated in their tactics. Swift official said this and a

Markets see mixed trend Monday

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed mixed trends in share prices indices on Monday (December 12), the second trading day of the week. DSEX, the prime index of DSE, DESX gained over 8.47 points or 0.17