Business

Bangladesh Jeweller’s Association (BAJUS) President and Bashundhara Group Managing Director Sayem Sobhan Anvir on Tuesday urged the women entrepreneurs to come forward in leadership of jewellery business. “Women leaders have been governing the country for the last 32 years. In jewellery sector, women should come forward in business leadership. Females use ornaments mainly. They can explain the product better than ...

Shockwaves from the collapse of Silicon Valley Bank (SVB)pounded global bank stocks further on Tuesday as assurances from President Joe Biden and other policymakers did little to calm markets and prompted a rethink on the interest rate outlook. Biden’s efforts to reassure markets and depositors came after emergency US measures to shore up banks by giving them access to additional ...

Shares in the United Arab Emirates’ ADNOC Gas rose 19 percent in their first day of trading on Monday in a $2.5 billion initial public offering that aims to tap into growing demand for the fuel. ADNOC Gas, a subsidiary of state-owned energy giant Abu Dhabi National Oil Company (ADNOC), closed at 2.82 dirhams ($0.77) after opening at 2.37 and ...

Oil giant Saudi Aramco reported Sunday its profits surged to $161 billion last year off higher crude prices, a record result for an energy firm crucial to the kingdom’s economy. The firm, known formally as the Saudi Arabian Oil Co., said in its annual report that the profit represented “its highest annual profits as a listed company.” That came off ...

Iran has finalised a deal to buy Sukhoi Su-35 fighter jets from Russia, state media reported, as defence cooperation between the two countries deepens. The air force of sanctions-hit Iran has an ageing fleet of aircraft and has struggled to acquire spare parts to keep its warplanes in the air. In a statement to the United Nations, Tehran said it ...

Startup-focused lender SVB Financial Group became the largest bank failure since the financial crisis on Friday, in a sudden collapse that roiled global markets and stranded billions of dollars belonging to companies and investors. California banking regulators closed the bank, which did business as Silicon Valley Bank, on Friday and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for ...

Apart from price hike of chicken, supply constraints have appeared in kitchen markets of the capital. Broiler chicken price has increased by Tk 20 per kg in the kitchen markets overnight making it very difficult for low-income group of people to afford to buy kitchen. However, the prices of egg have declined somewhat. It was found visiting Mohammadpur Townhall Market ...

US President Joe Biden and European Commission President Ursula von der Leyen are expected to agree to begin negotiations on ensuring free-trade agreement-like status for the European Union, according to sources, reports Reuters. The leaders are set to meet in Washington on Friday. Reuters reported last week that the United States and EU were working to make European minerals eligible ...

Asian traders shifted cautiously Thursday ahead of key US jobs data at the end of the week, after Federal Reserve boss Jerome Powell warned it could ramp up its pace of interest rate hikes if the economy shows no sign of slowing. Markets have been falling since the start of February as a string of forecast-beating indicators have shattered hopes ...

The American Chamber of Commerce in Bangladesh (AmCham) held its monthly Luncheon titled “Women in Business: Empowering Bangladesh Forward” Monday at a Dhaka hotel. Jatiya Sangsad Speaker Shirin Sharmin Chaudhury attended the event as the chief guest and Helen LaFave, Deputy Chief of Mission at the US Embassy Dhaka, attended the programme as the guest of honour. AmCham President Syed ...