The Dow was set for its best day in more than three months on Monday as investors piled back into financials and energy shares that are set to benefit from a broader economic recovery.

Private sector borrowers will have to keep at least 5 per cent in cash collateral against foreign loans with the associated guarantee-providing banks.

American Airlines on Sunday said it would cancel around 1 per cent of its flights in July to serve a surprise uptick in travel demand at a time when the airline struggles with unprecedented weather and a labor shortage at some of its hubs.

Dhaka stocks rose to a three-and-a-half-year high yesterday as institutional investors received a boost following the complete withdrawal of the floor price for all companies by the regulator.

Germany on Monday opened an investigation against Apple over anti-competition practices, as the iPhone maker became the fourth US tech giant to be hit by such probes.

Stocks of GPH Ispat rose 2.47 per cent yesterday after news that the company’s Tk 2,390-crore plant has begun commercial production.

Britain’s business minister Kwasi Kwarteng said on Monday he was “pretty sure” the so-called ‘triple lock’ system for increasing state pensions would not be changed to pay for the cost of dealing with the Covid-19 pandemic.

Vaccination of 12 crore more people within the next one year is a must to restore confidence and revive Bangladesh’s businesses and economy, said analysts yesterday.

Britain’s top central bank officials look set to remain divided this week over whether to pull the plug on their 875 billion-pound ($1.2 trillion) government bond purchase programme, after inflation hit its highest in nearly two years.

The Bangladesh Bank yesterday issued a policy on calculating the interest rate of short-term foreign loans as the London Interbank Offered Rate (Libor) is set to be phased out gradually from next year.

GPH Ispat begins commercial production in its Tk 2,390 crore plant to produce MS billet and rod today, which fuelled the company’s share price to instantly see a 2.47 per cent rise in the stock market.

Malaysian telecoms firm Axiata Group Bhd (AXIA.KL) and Norway’s Telenor ASA (TEL.OL) will merge their mobile operations in Malaysia in a $15 billion deal, forming a new market leader in the competitive Southeast Asian nation.

Amazon (AMZN.O) and Apple (AAPL.O) are the world’s most valuable brands but Chinese brands are rising up the leaders list and are more valuable than Europe’s top brands, according to a global ranking by Kantar’s BrandZ.

Dhaka stocks hit nearly a three-and-a-half-year high today as institutional investors got their confidence back after the removal of the floor price from all companies by the stock market watchdog.

The dollar held on to the previous week’s gains on Monday after the Fed’s surprise hawkish tilt, while bitcoin tumbled as China stepped up its crackdown on mining of the cryptocurrency.

Foreign direct investment (FDI) in Bangladesh has declined by about 11 per cent to $2.6 billion in 2020.

Volkswagen’s luxury sports car unit Porsche AG is setting up a joint venture with Customcells to produce high-performance batteries that will significantly reduce charging times, the company said on Sunday.

Entrepreneurs might not be interested in setting up large hospitals outside of Dhaka, Chattogram, Narayanganj, and Gazipur despite a 10-year tax break.

Britain’s airlines and holiday companies are planning a “day of action” on Wednesday to ramp up pressure on the government to ease travel restrictions, with just weeks to go before the start of the peak summer season.

Youngone Corporation, the Korean multinational conglomerate, yesterday launched the country’s largest rooftop solar power plant in its Korean Export Processing Zone (KEPZ) to meet its electricity demand through renewable sources.