Futures drop ahead of Powell, Yellen testimonies

US stock index futures slid on Tuesday as energy stocks dropped while investors awaited remarks from Fed Chair Jerome Powell and Treasury Secretary Janet Yellen for clues on the pace of economic rebound.
23 March 2021, 18:00 PM

Oil prices slump on renewed lockdowns

Oil prices slumped Tuesday on lower demand prospects for crude as Europe’s biggest economy Germany said it would reimpose strict containment measures and struggles along with other EU nations to roll out vaccines.
23 March 2021, 18:00 PM

Soy, sugar traders fight for space in Latam’s largest port; costs jump

Soy and sugar traders are fighting for room in Latin America’s largest port, rushing to secure loading slots as the slowest Brazilian soy harvest in 10 years pushes the grains export window into the sugar season.
23 March 2021, 18:00 PM

Utilise demographic dividend in time

Bangladesh needs to properly utilise its youth population now as the country’s demographic dividend is fast waning, said a human resources expert yesterday.
23 March 2021, 18:00 PM

Falling prices of onion irk Pabna farmers

Farmers in Pabna have been left disappointed by the current price of onions as they spent excessively to cultivate the bulbs with hopes of making bumper profits this year.
23 March 2021, 18:00 PM

Kamal ‘baffled’ by a lack of confidence in market

The stock market is suffering from a lack of confidence, according to Finance Minister AHM Mustafa Kamal.
23 March 2021, 18:00 PM

Gamblers at it again, insurance stocks soar on rumours

Insurance stocks came under the spotlight again yesterday despite generating a lower premium income amid the ongoing coronavirus pandemic.
23 March 2021, 18:00 PM

Bike makers seek duty benefits for raw materials

Motorcycle manufacturers have demanded duty benefits on component and raw material imports in order to reduce the cost of production and develop the local two-wheeler industry.
23 March 2021, 18:00 PM

Apple card, underwriter Goldman Sachs committed no fair lending violations

New York’s Department of Financial Services on Tuesday said it concluded its investigation of Apple’s credit card and its underwriter Goldman Sachs Group Inc and found no evidence of unlawful discrimination against applicants under the state’s fair lending law.
23 March 2021, 18:00 PM

Private investors to own 49pc stake in Nagad, govt 51pc

Private investors will hold a 49 per cent stake in Nagad Ltd and the postal department the rest as the government looks to run the mobile financial service as a subsidiary, its top executive said yesterday.
23 March 2021, 18:00 PM

India market regulator relaxes valuation norms for some bonds after push back

India’s market regulator on Monday relaxed new valuation norms that were set to affect certain bonds worth more than $12 billion after the government flagged concerns of disruption in debt markets.
23 March 2021, 18:00 PM

300 startups to get up to Tk 10cr each

The government will provide up to Tk 10 crore to promising start-ups in Bangladesh, said State Minister for ICT Zunaid Ahmed Palak Yesterday.
23 March 2021, 18:00 PM

Shasha Garments to invest $5m in Dhaka EPZ

Shasha Garments is going to invest $5 million to establish a garment manufacturing facility in Dhaka Export Processing Zone.
23 March 2021, 18:00 PM

Apparel exporters in a bind

International retailers and brands are again demanding unusual deferral payment from local apparel suppliers, the second time in a year, saying sales have dropped after Western nations reimposed lockdowns and tougher restrictions because of a surge in coronavirus infections.
23 March 2021, 18:00 PM

DU, Koica Bangladesh to promote entrepreneurship

The University of Dhaka’s Innovation, Creativity and Entrepreneurship (ICE) Center and Korea International Cooperation Agency (Koica) Bangladesh are set to initiate a project promoting entrepreneurship in Bangladesh.
22 March 2021, 18:00 PM

Saudi Aramco 2020 profits slump on lower crude prices

Energy giant Saudi Aramco on Sunday posted a 44.4 per cent slump in 2020 net profit due to lower crude prices, as the coronavirus pandemic weighed heavily on global demand. Aramco, Saudi Arabia’s cash cow, has revealed consecutive falls in profits since it began disclosing earnings in 2019.
22 March 2021, 18:00 PM

US economists see Fed hiking lending rate sooner than expected

The Federal Reserve has vowed it won’t raise its benchmark lending rate anytime soon, but US economists in a survey released Monday believe the central bank could be forced to enact a hike as soon as next year.
22 March 2021, 18:00 PM

Deliveroo eyes 8.8b pounds valuation at London float

British meal delivery app Deliveroo is aiming for a higher-than-expected valuation of up to 8.8 billion pounds when it launches shortly on the London stock market, the company said Monday following a pandemic-fuelled boom in demand.
22 March 2021, 18:00 PM

Wall Street’s year of boom and bust

Wall Street giddyness in recent weeks stands in stark contrast to the pandemic panic of one year ago.
22 March 2021, 18:00 PM

Turkish lira plunges to record lows on central bank chief’s sacking

Turkey’s lira slid 15 per cent to a near all-time low on Monday after President Tayyip Erdogan’s shock weekend ousting of a hawkish central bank governor sparked fears of a reversal of recent rate hikes, before clawing back some overnight losses.
22 March 2021, 18:00 PM