AFP, Hong Kong : Asian markets mostly rose Friday and the yen sat around nine-month highs after another healthy day on Wall Street as investors gear up for an expected US interest rate cut next week.More data suggesting the Federal Reserve was winning the battle against inflation provided an extra kick for equities after another rollercoaster week that started with big losses fuelled by worries the world’s top economy could be heading for recession.While concern after last Friday’s big miss...
BBC : Almost 95% of union members who voted in the ballot rejected the pay dealBoeing workers have gone on strike after they overwhelmingly rejected a tentative deal between union representatives and the plane maker that included a 25% pay rise.More than 30,000 workers in Seattle and Portland downed their tools from midnight Pacific Time (07:00 GMT) on Friday.The walkout is another setback for the firm, which is facing deepening financial losses.It is also struggling to repair its reputation after...
Business Report : The interim government has appointed Mohammad Jainul Bari, the immediate past chairman of the Insurance Development and Regulatory Authority (Idra), as the new chairman of the board of directors of Sadharan Bima Corporation, the finance ministry said in a circular on Thursday. Bari has been appointed on a contractual basis for a three-year term.He officially resigned from Idra on September 5. He was appointed as the Idra chairman on a contractual basis on June 15, 2022 for...
Business Report : Alliance Finance PLC (AFPLC) made a donation as part of its Corporate Social Responsibility (CSR) to SAJIDA Foundation to support flood victims, where SAJIDA Foundation has been running a project called Emergency Flood Relief: Rescue, Nutrition & Dignity Support in the flood-affected areas of the country. In an event organized recently at the head office of SAJIDA Foundation, Kanti Kumar Saha, chief executive officer of AFPLC, handed over a cheque to Md Fazlul Hoque, senior adviser of...
BSS, Dhaka : Bangladesh has shown promising growth in its information technology (IT) sector, especially in software development and IT-enabled services, said a global report on ‘Digital Trade for Development’. Prepared by the staff of the International Monetary Fund (IMF), the Organisation for Economic Co-operation and Development (OECD), the United Nations Conference on Trade and Development (UNCTAD), The World Bank, and the World Trade Organization (WTO), the report shows that the adoption of e-commerce in Bangladesh, especially business-to-business (B2B) e-commerce...
AFP, Mumbai : India’s Adani Group has denied involvement in a money laundering and securities fraud probe that reportedly saw the freezing of more than $310 million in funds stowed in Swiss bank accounts. US short-seller Hindenburg Research, a longtime critic of the Indian conglomerate, cited court records reported on by Swiss media outlet Gotham City in making the claim on X on Thursday night. “Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts...
Business Report : Chinese Company Tianhui Button (BD) Limited will establish a garment accessories manufacturing industry in Cumilla Export Processing Zone (Cumilla EPZ). They will invest $4 million to produce 700 million pcs of different kinds of buttons like plastic button, resin button, ABS button, metal button and PU leather accessories. This foreign company will create job opportunities for 139 Bangladeshi nationals, said a press release. In presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, an...
Business Report : Leading business conglomerate PRAN-RFL group has sign a Memorandum of Understanding (MoU) with LafargeHolcim Bangladesh Limited (LHBL)...
Business Report : A discussion meeting between the newly formed Board of Directors and branch managers and sub branch in-charges...
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