Country’s premier bourse, Dhaka Stock Exchange (DSE), witnessed another bullish session yesterday as the bargain hunters showed their buying appetite on lucrative price level. The opportunist investors took position in the large-cap stocks, especially telecom, financial institution, fuel and power,…

Top leading business leaders of the country yesterday hailed Bangladesh’s advancement in the doing business index of the World Bank by eight slots. They said this progress would help branding of Bangladesh in the global flora in a more effective way side by side with wooing more investment in…

Mamoon Mahmood Shah has recently joined NRB Bank Limited as its additional managing director, the bank said in a press statement yesterday.  Shah…

The five biggest publicly listed oil and gas companies and trade groups representing them spent more than 250 million euros lobbying the European Union to influence climate action since 2010, environmental groups said yesterday. Research showed that BP, Chevron, ExxonMobil, Shell and Total, as well…

Indonesia’s central bank cut interest rates for the fourth month in a row on Thursday as Southeast Asia’s biggest economy looks to counter slowing global growth. Bank Indonesia (BI) lowered its key lending rate by 25 basis points to 5.0 per cent, prompting speculation that more cuts could…

Shares in Nokia tumbled 20 per cent yesterday after the Finnish telecommunications equipment maker cut its earnings forecast in the face of intense competition to build the latest 5G mobile networks. While returning to profit in the third quarter, the company said it was downgrading its expectations…

Leading cement manufacturer LafargeHolcim Bangladesh (LHBL) posted a significant increase in profits in the 3rd quarter of the current year, the company said in a press statement.  Its net profit increased by 48 per cent during the period (July-Sept, 2019) compared to the same quarter of last year.…

German carmaker Daimler reported yesterday a return to quarterly profits in July-September after its first three-month loss in 10 years, but said more work was ahead as it confronts a slowing global market. “Strong sales” at the Mercedes-Benz maker helped lift net profits three percent year-on-year,…