Tuesday, 15 Jul, 2025

Business

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

Bourses see rise for 3rd day on the trot

DHAKA: Country’s two share markets -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed gain in share price indices for the third day on the trot on Wednesday (August 3), the fourth trading session of the week. DSEX, the prime index of Dhaka Stock Exchange

Call for exporting more Bangladeshi Products to Thailand

DHAKA: The Board of Directors of the Bangladesh Thai Chamber of Commerce & Industry (BTCCI) placed some proposals for enhancing bilateral trade & Investment relationship between Bangladesh and Thailand in the BTCCI Courtesy Call with the newly appointed Ambassador of Thailand to

Japan cabinet approves stimulus package

DHAKA: Japan cabinet has approved an economic stimulus package worth more than 28 trillion yen ($275bn). It is the latest attempt by Prime Minister Shinzo Abe to kick-start the world’s third-largest economy and boost growth, BBC reports on Tuesday (Aug 2). The package includes

Bourses see rise for 2nd day on the trot

DHAKA: Country’s two share markets -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed gain in share price indices for the second day on the trot on Tuesday (August 2), the third trading session of the week. DSEX, the prime index of Dhaka Stock Exchange

NRB Bank gets Mehmood Husain as MD-CEO

DHAKA: Md. Mehmood Husain has joined NRB Bank Limited as the Managing Director and CEO with effect from August 1.  Prior to his new assignment Mehmood Husain was serving as the President and Managing Director of Bank Asia. A post graduate in Economics from the University of Dhaka,

Free smartphones every hour from Banglalink Store

DHAKA: Banglalink, one of the largest mobile operators in the country, launched all new experience center named “Banglalink Store” with the view to bring all the services under one roof and to give the customers a more hands-on experience on device and digital services.