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Apple says it will manufacture iPhone 14 in India

Apple Inc said on Monday it will manufacture its latest iPhone 14 in India, as the tech giant moves some of its production away from China. The company launched the flagship iPhone 14 at an event earlier this month, where it focused on safety upgrades rather than flashy new technical specifications, with the exception of a new adventure-focused watch, reports ...

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Price fall in large-cap drives stocks down

Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – on Sunday plunged due to mainly price fall in large-cap securities. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 48.84 points or 0.74 percent to 6,515.16. Two other indices also ended sharply lower with the DSE 30 Index, comprising blue chips, ...

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Oil plunges to eight-month low on strong dollar, recession fears

Oil prices plunged about 5% to an eight-month low on Saturday as the U.S. dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession, cutting demand for oil, reports Reuters. Brent futures fell $4.31, or 4.8%, to settle at $86.15 a barrel, down about 6% for the week. ...

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Boeing to pay $200m over 737 Max crash statements

Boeing is to pay out $200m (£177.5m) over charges that it misled investors about two fatal 737 Max crashes. The US stock market regulator said the aviation giant and its former chief executive Dennis Muilenburg made false statements about safety issues. Boeing “put profits over people” in an effort to rehabilitate its image, according to the Securities and Exchange Commission ...

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Palm oil, sugar prices fixed by govt

The Ministry of Commerce on Thursday (Sept 22) fixed the millgate, dealer and maximum retail prices of loose palm oil and refined and packaged loose sugar as per the recommendations of the Bangladesh Trade and Tariff Commission (BTTC). A circular signed by Commerce Ministry’s deputy secretary Khandker Nurul Huque, on Thursday (Sept 22) said the new prices would be effective ...

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Dollar hits 24-year high on Fed outlook; yen falls after BOJ

The US dollar hit a fresh 24-year high against the Japanese yen on Thursday, breaking through the 145 level after Japan’s central bank left its ultra-loose monetary policy unchanged. News of the Bank of Japan’s decision sent the dollar surging to as much as 145.28 yen, before easing back slightly. That call widens the gulf between Japan and other major ...

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Govt to procure 1.65cr litres of soybean oil for TCB

The government will procure 1.65 crore litres of soybean oil for the state-run Trading Corporation of Bangladesh (TCB). The decision was taken today at a meeting of the Cabinet Committee on Government Purchase (CCGP) chaired by Finance Minister AHM Mustafa Kamal. Briefing reporters virtually after the meeting, Cabinet Division Additional Secretary Abdul Barik said the cabinet committee approved three procurement ...

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India, Saudi Arabia discuss rupee-riyal trade

The Indian government has said it has discussed the feasibility of institutionalising rupee-riyal trade with its South Arabian counterpart, reports Reuters. Both governments reaffirmed cooperation in joint projects including a refinery in western India, LNG infrastructure investment and development of strategic petroleum storage facilities in India, the statement added.

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Bangladesh received over $1 billion remittance till Sep 15

Bangladesh received inward remittance worth over USD $1008.67 million (1,000 million = 1 billion) in the first 15 days of September, amid forex crisis in the country. Bankers said remittance inflow shows an upward trend as the remitters are encouraged by the depreciation of taka and they get more than Tk 108 per dollar, UNB reports. The remittance inflow is ...

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BRAC Bank, SME Foundation team up for grooming Jashore entrepreneurs

BRAC Bank and SME Foundation have jointly conducted a comprehensive entrepreneurship development and financial integration programme for promising women entrepreneurs in Jashore. The three-day intensive training programme is part of a series of entrepreneurship development training sessions to be organized in six districts, said a press release on Sunday. The first and second batch trainings were conducted in Rangpur and ...

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