Wednesday, 27 Nov, 2024

Business

Markets see loss Tuesday

DHAKA: Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- have witnessed loss in share price indices on Tuesday (August 9), the third trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 1.43 points or 0.03 percent to stand at

WB to invest for BBIN regional links

DHAKA: World Bank (WB) is set to invest around Tk 1,000 crore for enhancing the regional communications among Bangladesh, Bhutan, India and Nepal (BBIN). WB Bangladesh representative Qimiao Fan made the disclosure after meeting with Commerce Minister Tofail Ahmed at secretariat on

Markets see deflation at opening

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- are witnessing loss in share price indices at the opening hours on Tuesday (August 9), the third trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE),

EBL hosts career guidance road show at DU

DHAKA: Eastern Bank Ltd. (EBL) recently organized a road show for students at the Faculty of Business Studies in University of Dhaka (DU). The students were briefed on EBL’s “Future Leadership Program” and how to make career with the Bank. Dean of the Faculty of Business

Bourses see inflation Monday

DHAKA: After incurring loss on Sunday, the two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed a slight gain in share price indices on Monday (August 8), the second trading day of the week. DSEX, the prime index of Dhaka Stock

Bourses see loss at opening

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing loss in share price indices at the opening hours on Monday (August 8), the second trading day of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE),

EBL-ARC sign ZIP agreement

DHAKA: EBL card members will get 15 percent discount or interest free monthly installments during purchase of Nescafe Alegria 510 Premium Coffee System. An agreement in this regards was signed the Zero percent Installment Plan (ZIP) agreement recently. Head of Consumer Banking of

Bourses witness loss Sunday

DHAKA: The two bourses of the country -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed loss in share price indices on Sunday (August 7), the first trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), shed over 9.14 points or

US jobs growth beats forecasts in July

DHAKA: The US economy added a stronger-than-expected 255,000 jobs in July, fuelling speculation that interest rates could rise before the end of the year. The figure was below June’s upwardly revised figure of 292,000 jobs, but was far higher than analysts’ forecasts of between

Yuan strengthens against other currencies in July

DHAKA: The yuan strengthened slightly against a basket of currencies in July, according to latest data released by financial services provider China Foreign Exchange Trade System (CFETS). The yuan exchange rate composite index, which measures the yuan’s strength relative to a basket

US markets hit new record highs

DHAKA: Wall Street markets closed up after figures showed stronger than expected growth in the labor market. The S&P 500 index climbed 18.62 points, or 0.86%, to 2,182.87, beating an all-time high record set last month, reports the BBC. The Dow Jones Industrial Average rose 191.48

UK interest rates cut to 0.25%

DHAKA: UK interest rates have been cut from 0.5% to 0.25% and the Bank of England has signaled that they could go lower if the economy worsens. The Bank announced a range of measures to stimulate the UK economy, including a £100bn scheme to force banks to pass on the low interest rate

‘Made in Bangladesh’ on drug packs for USA 

DHAKA: US Ambassador Marcia Bernicat stated that the actual winners of the two-way trade growth between United States and Bangladesh are consumers.  She said the consumers of United States now can buy life-saving medicines. There will be 'Made in Bangladesh' tag on the bottle.

UK keen to invest in Payra port, Dhaka-Barisal rail line

DHAKA: The United Kingdom (UK) is interested to invest in Payra seaport and Dhaka-Barisal railway track in Bangladesh. The UK high commissioner Alison Blake expressed the interest while calling on commerce minister Tofail Ahmed at the ministry in city on Thursday (August 4). “The

Bourses ends week with gain

DHAKA: The two bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gain in share prices indices on Thursday (August 4), the last trading day of the week. DSEX, the prime index of DSE, gained over 1.59 points or 0.03 percent to stand

Bitcoin drops more than 10% after security breach

DHAKA: The price of bitcoin has fallen more than 10% after the Hong Kong-based digital currency exchange Bitfinex said it had suffered a major hack. The security breach led to the possible theft of bitcoin worth $65m, reports the BBC. Bitfinex told the media on Wednesday that nearly

UK interest rate cut in 7 years expected

DHAKA: The Bank of England is widely expected to cut UK interest rates for the first time since March 2009 on Thursday. It is anticipated that Mark Carney, the Bank governor, will announce a reduction from 0.5% to 0.25% at noon, reports the BBC. Last month the Monetary Policy

HSBC profits slide amid ‘turbulent period’

DHAKA: HSBC has reported a 29% fall in profits in the first half of the year amid a ‘turbulent period’ for the banking giant. It posted a pre-tax profit of $9.7bn for the first six months, down by $3.9bn. HSBC also announced a share buyback of up to $2.5bn in the second half of

UCB signs an agreement with bKash

DHAKA: United Commercial Bank Limited (UCB) recently signed an agreement with bKash Limited at its corporate office in city. Under this agreement, UCB will facilitate bKash for their distributor’s collection and payment service through UCB branch network under supervision of

Bitcoin worth $72 million stolen from Hong Kong

DHAKA: Nearly 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong, rattling the global bitcoin community in the second-biggest security breach ever of such an exchange. Bitfinex is the world’s largest