Friday, 18 Jul, 2025

Business

Asia shares mixed on Tuesday despite higher oil prices

DHAKA: Shares in Asia were mixed on Tuesday despite a near 7% rise in oil prices overnight and a rally on Wall Street.Japan’s Nikkei 225 rose 1.3% in early trade, but was later up just 0.25% to 16,154 points.In Australia, the ASX 200 was down 0.35% to 4,984 points as some of the

Qantas soars to record $921m half-year profit

DHAKA: Lower oil prices have helped Qantas post a record underlying pre-tax profit of $921m Australian dollars ($665m) for the six months to December.The result is the best first-half profit in the Australian airline’s 95-year history, reports the BBC.It was $554m higher than the same

DSE, CSE up at opening

DHAKA: The Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) saw positive trend in the early hour of trading on Tuesday, the third trading session of the week.DSEX, the prime index of the DSE, went up by 14.85 points or 0.32 percent to 4,592.47, after first hour of the trade

Now BRAC Bank card forged

DHAKA: After the incidents of ATM card forgery of Eastern, City and United Commercial banks, a customer of BRAC Bank is the latest victim of this card forgery.Miscreants used forged debit card of one Prit Reza, a customer of the bank, for shopping from a shopping center in city on

Stocks start week negative

DHAKA: Country's stock market marked fall in its price indices on Monday (February 22), the first trading day of this week as Sunday was holiday for ‘Amar Ekushey’.DSEX, the key index of Dhaka Stock Exchange, shed over 10.04 points only to stand at 4577.61 at the close of day’s

HSBC sees 1.2% fall in net profit

DHAKA: Europe’s biggest bank has posted a 1.2% decline in net profit to $13.52bn for the 12 months to December compared to a year earlier, citing a slowdown in China, among other issues.Pre-tax profit was up 1% compared to a year earlier to $18.87bn, the bank said, below market

DSE, CSE witnessing fall

DHAKA: Trading on the country’s two bourses-- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- is underway with downward trend of share-price indices on Monday.DSEX, the Broad Index of Dhaka Stock Exchange, shed over 0.08 points to stand at 4587.58 at 11:52am.Trade

Bangladesh-Malaysia MoU unaffected

DHAKA: The decision to freeze all recruitment of foreign workers does not affect the validity of the Memorandum of Understanding (MoU) signed with the Bangladesh government, says Malaysian human resources minister.“Further details on the decision to freeze foreign worker recruitment

China sacks its stock market boss

DHAKA: China has dismissed its top market regulator after a series of policy missteps that contributed to a massive stock selloff.Xiao Gang, chairman of the China Securities Regulatory Commission, was removed from his post, reports the CNN.He was replaced by Liu Shiyu, head of the

AVUB comes ahead to fulfill farmers’ dream

DHAKA: Ansar-VDP Unnayan Bank (AVUB), a government owned specialized bank, is offering 29 types of loans for agricultural sectors to fulfill cherished dreams of farmers.All information about the bank is available at stall no-108 in the three-day Dairy, Aqua and Pet Animal Fair that began

Uber car-hire app losing $1bn in China

DHAKA: App-based car-hire service Uber is losing more than $1bn (£699m) a year in China, as it struggles against what it called a "fierce competitor".Uber CEO Travis Kalanick made the admission while speaking at a private event in Vancouver, according to Canadian tech news site

Banks open in 36 districts on Feb 20

DHAKA: Banks will remain open in 36 districts on Saturday (February 20) so that aspirant candidates can deposit their money for nomination forms of upcoming Union Parishad (UP) elections.Bangladesh Bank (BB) issued a circular in this regard on Thursday (February 18).The circular has also

Toyota recalls 2.9-mln cars over seatbelt defect

DHAKA: Toyota Motor Corp is conducting a global recall of 2.87 million 4x4 vehicles because their rear seatbelts could be damaged in the event of a crash.The world’s largest carmaker said in an email on Thursday that the lap-shoulder seatbelts in the vehicles’ second-row seats could

50% baby-food demand to be met locally

DHAKA: Finance minister Abul Maal Abdul Muhith announced a program setting a target of producing 50 percent of required baby food and reducing the shortage of meat and milk productions in the country within three years.He made the announcement at a fair titling, ‘Fisheries and Pet

Shahjalal Bank DMD among 5 sued

DHAKA: Anti Corruption Commission (ACC) filed a case against five people, including Shahjajal Bank deputy managing director (DMD) Manzurul Islam, for misappropriating Tk 251-crore through issuance of fake letter of credit (LC).ACC deputy director Shamsul Alam filed the case with Motijheel

Stocks end week positive

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Thursday (February 18), the last trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 6.87 points to stand at 4587.66 at the close of day’s trading.Trade deals stood at

Bangladesh-KSA sign deal on urea import

RIYADH: The Saudi Basic Industries Corporation (SABIC) has signed an initial agreement with Bangladesh Chemical Industries Corporation (BCIC) on import of urea fertilizer.The deal has recently been signed at head office of SABIC in Saudi capital Riyadh.Under the deal, BCIC will purchase

Venezuela raises petrol price in 20-yr

DHAKA: Venezuela is raising petrol prices for the first time in 20 years, although the president claims it will still be the cheapest in the world.President Nicolas Maduro said pump prices of premium fuel would rise from the equivalent of $0.01 a litre to about $0.60 (£0.40), reports the

Stocks showing up at opening

DHAKA: Country's stock market marked gain in its price indices on Thursday, the fifth trading day of the week.DSEX, the broad index of Dhaka Stock Exchange, rose over 4.92 points or over 0.10 percent to stand at 4585.72 at the first hour of trading at 10:34am.Trade deals stood at 1790

Export-import thru’ Benapole suspended

BENAPOLE (JESSORE): Export and import activities through Benapole land port of Jessore district has been suspended for the third consecutive day due to strike called by the traders of Petrapole port in India.Port sources said a newly constructed truck terminal named Susanhata Check-post,