Wednesday, 27 Nov, 2024

Business

NBL holds 33rd AGM

DHAKA: The 21st Extraordinary General Meeting and 33rd Annual General Meeting of National Bank Limited were held at Radisson Blu hotel in city on June 29. Zainul Haque Sikder, Chairman of the Bank presided over the meeting. The Authorized Capital of the Bank increased from

Bourses continue to rise

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gains on Wednesday (June 29), the fourth trading session of week. The key index of Dhaka Stock Exchange, DSEX, rose over 18.89 points and 0.42

Vodafone could move UK HQ after Brexit

DHAKA: Vodafone has warned it could move its headquarters from the UK depending on the outcome of Britain’s negotiations to leave the European Union. The telecoms giant said in an emailed statement it was important to retain access to the EU’s free ‘movement of people, capital

Asia shares continue global rebound 

DHAKA: Stock markets in Asia have started the day with more gains, continuing the positive lead set by the US and Europe. Wall Street and bourses across Europe have been recovering some of the ground since the UK voted last week to leave the European Union. In Japan, the benchmark

Markets see inflation Tuesday

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gains on Tuesday (June 28), the third trading session of week. The key index of Dhaka Stock Exchange, DSEX, rose over 38.53 points and 0.87

Tannery owners’ fine order stayed till July 17

DHAKA: Chamber Judge court of Appellate Division stayed the High Court order till July 17 regarding fine against tannery owners for not shifting factories. Earlier, the High Court ordered to fine 154 tanner owners everyday Tk 50,000 until they transfer their factories from city’s

VW US settlement to cost $15bn

DHAKA: German carmaker Volkswagen has reportedly reached a $15bn settlement with US car owners after admitting it cheated emission tests. The deal would offer to repair or buy back the affected diesel vehicles and pay owners compensation, according to sources close to the talks,

UK market pressure eases after Brexit rout

DHAKA: Pressure has eased on UK financial markets after two days of turmoil in the wake of the Brexit vote, with the FTSE 100 index opening higher. Shortly after trading began, the index was up 2.2% at 6,113.01, while the FTSE 250 had gained 3.1%, reports the BBC. The index lost

Japan stocks continue to gain

DHAKA: Japanese shares on Tuesday continued to roll back losses from last Friday’s sharp post-Brexit tumble. After initial losses in morning trade, the Nikkei 225 index continued to build on Monday's gains and was up by 0.5% to 15,387.99 points, reports the BBC. With the yen

Banks open July 2-4 in commercial areas

DHAKA: Branches of all the banks in commercial and large shopping mall areas will remain open from July 2 to 4. However, the bank authorities will decide about the certain branches to be kept open. Bangladesh Bank (BB) assistant spokesperson Anwarul Islam confirmed the matter to

Markets start day with a rise

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing gains in the opening hours on Tuesday (June 28), the third trading session of week. The key index of Dhaka Stock Exchange, DSEX, rose over

Malaysia-Bangladesh’s Mobility I Tap Pay opened

DHAKA: Associate of Meghna Bank Ltd mobile banking service, Malaysia-Bangladesh combined organization Mobility I Tap Pay Ltd’s head office has been recently inaugurated. Chairman of Meghna Bank H N Ashequr Rahman, Managing Director of Meghna Bank M Nurul Amin and Managing Director of

Customs houses remain close from July 7-9

DHAKA: The customs houses and stations will remain close for three days from July 7-9 on the occasion of Eid-ul-Fitr. National Revenue Board (NRB) senior member (customs Policy) M Farid Uddin issued an order in this regard on Monday (June 27). According to the statement, the customs

Banks can remain open on July 2, 3, 4

DHAKA: Banks can keep their branches open on July 2, 3, 4 with own arrangement. FBCCI president Matlub Ahmed made the remark after meeting Bangladesh Bank governor on Monday (June 27). The government has declared a long nine-day holiday for Eid-ul-Fitr, the largest Muslim religious

Bourses see inflation Monday

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed gains on Monday (June 27), the second trading session of week. The key index of Dhaka Stock Exchange, DSEX, gained over 32.60 points and 0.74

UK shares, pound continue to fall

DHAKA: UK shares have remained volatile in the wake of the Brexit vote, while the pound fell further against the dollar after Friday’s record one-day loss. The FTSE 100 index was down 0.4% at 6,111.42 in morning trade, although the decline was not as bad as some had feared, reports

Companies plan Brexit hiring freeze

DHAKA: Many companies are likely to impose a hiring freeze following Britain’s vote to leave the European Union, according to a leading business group. The Institute of Directors (IoD) surveyed 1,000 of its members and found that a quarter planned to freeze recruitment. The

FBCCI wants banks remain open on July 2, 3, 4

DHAKA: Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Abdul Matlub Ahmad has demanded to keep banks open on July 2, 3 and 4. He also expressed concern saying that businesspeople may suffer for this vacation ahead of Eid. The top business leader made

Markets up at early hours

DHAKA: The benchmark indices of the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – are witnessing gains in the opening hours on Monday (June 27), the second trading session of week. The key index of Dhaka Stock Exchange, DSEX, gained over

Japan shares up after Brexit rout

DHAKA: Japanese shares have managed to recover some ground after their historic plunge last Friday following the UK’s vote to leave the European Union. Traders are taking some confidence from a pledge by the Japanese government to stabilize the financial markets, reports the BBC.