Rubel Aziz, a director of City Bank, on Tuesday, expressed his intention to sell 34 lakh shares from his holdings in the bank at the current market price, reports The Business Standard. According to a disclosure on the Dhaka Stock Exchange (DSE) website, he wants to sell the shares in

Daron Acemoglu, Simon Johnson, and James Robinson have been awarded the 2024 Nobel Prize in Economic Sciences for their pioneering studies on how institutions shape economic prosperity, the Royal Swedish Academy of Sciences announced on Monday. Their research sheds light on the critical

Many foreign banks are now hesitant to accept letters of credit (LC) from Bangladeshi banks, despite a recent improvement in dollar liquidity within the country. While the increased dollar supply has eased pressures related to import liabilities and foreign debt repayments, local banks

Boeing will axe its workforce by a tenth - cutting 17,000 jobs - and delay production as the aeroplane maker deals with issues across its business. Chief executive Kelly Ortberg said in an email to staff that "executives, managers, and employees'" jobs are all at risk.

Global goods trade is on course for modest growth throughout 2024 and 2025, despite risks emanating from the conflict in the Middle East, the World Trade Organization forecast Thursday. "We are expecting a gradual recovery in global trade for 2024, but we remain vigilant of

Ratan Tata, one of India's most respected businessmen, died in a Mumbai hospital this evening. He was 86. The Tata Sons chairman emeritus was known not just for his contributions to the business world, but also for his philanthropy. Here Are 10 Facts On Ratan Tata: Ratan

Indian tycoon Ratan Tata has died aged 86, says the Tata Group, the conglomerate he led for more than two decades. Tata was one of India's most internationally recognised business leaders. The Tata Group is one of India's largest companies, with annual revenues in excess of

Bangladesh Bank (BB) has announced that all banks will be closed tomorrow for Durga Puja, following a government-declared holiday. The Ministry of Public Administration issued a notification on Tuesday extending holiday for one more day on the Durga Puja, the largest religious festival

Oil rose above $80 on Monday on Middle East tensions while equities slid in New York as political and interest rate concerns dented the recent rally. Brent North Sea crude, the international benchmark oil contract, went above $80 per barrel for the first time since late August. Oil

Muklesur Rahman, Chairman of the newly formed Executive Committee of National Bank’s Board of Directors, is tasked with the critical responsibility of reviving the financial stability of the debt-laden bank.  In an interview, Rahman reflects on the banking sector's

The business community has expressed growing insecurity amid ongoing labour unrest and economic instability, calling for the immediate restoration of law and order. At a roundtable organised by the Dhaka Chamber of Commerce and Industry (DCCI), business leaders urged the government to

Nurul Haque Nur, president of a faction of Gono Odhikar Parishad, said that the authorities have to give a portion of the profit to the workers of the respective factories. He said: “The owner will gain sky high while the workers die of hunger, this will not be allowed. There

The culture of loan defaults in the country, which has become widespread, can be significantly curbed through the proper application of Islamic banking. Specifically, it can help prevent fund diversion and money laundering. Islamic banking is operated on the basis of moral principles.

Large industrial groups in the country are comprised of multiple companies, each with several directors. However, if even one director unintentionally becomes a loan defaulter, the entire group of companies is at risk. When a director’s Credit Information Bureau (CIB) report reveals

Oil prices jumped about 4% on Tuesday after Iran fired a salvo of ballistic missiles at Israel in retaliation for Israel's campaign against Tehran's Hezbollah allies in Lebanon. Alarms sounded across Israel and explosions could be heard in Jerusalem and the Jordan River valley

The United Kingdom's (UK) biggest steelworks has shut down production after more than 100 years, leading to thousands of job losses across South Wales. Blast Furnace 4 - the final furnace operating at Tata Steel's plant in Port Talbot - was fully closed down in the afternoon,

Jewellers have lowered the price of gold by Tk1,260 to Tk1,37,448 per bhori (11.664 grams) in the local market amid a tariff drop on ‘pure gold’. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision

After more than a year, India lifted the ban on the export of non-basmati white rice with immediate effect and reduced the export duty on parboiled rice to 10% from 20%, PTI reported quoting an official notification. The ban by one of the world’s largest exporters of rice was

Chief Adviser Professor Muhammad Yunus on Thursday said his government is committed to improving business environment in Bangladesh through reforms, seeking businessmen’s partnership in the country’s new voyage. “No country is perfect. Neither is Bangladesh.

Chinese Foreign Minister Wang Yi has said his country wants to invest in solar panels manufacturing in Bangladesh and further deepen trade and economic ties with Bangladesh. He made the announcement when he called on Bangladesh Chief Adviser Prof Muhammad Yunus on the sideline of the