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November 10, 2022 - Sharfuddin Iqbal, Chief Commercial Officer (CCO) of Swish Global, inaugurates its first shower enclosure with smart door technology at a function held at Bangabandhu International Conference Centre (BICC) on Tuesday. Other senior officials of the company were present.
November 10, 2022 - Coca-Cola (BD) gets new MD
November 10, 2022 - Zabed Amin, DMD of Padma Bank Limited and Md. Rafiqul Islam, CEO of Rico International, exchange documents after sign an agreement at the consultancy office in the capital on Tuesday. Under the deal, Rico International students shall be served with priority services ranging from account opening to remittance and beyond at the bank’s specialized Student Care Centers and branches through dedicated relationship managers. Top officials from both sides were present.
November 10, 2022 - Kali Cheron, Chief Financial Officer of Rangs Electronics Limited (REL) andFarzana Sharmeen, Head of IPDC Finance Limited, exchange documents after signing an agreement at IPDC’s corporate head office in the capital recently. Under the deal, consumers across the country will have the facility to purchase electronics products with installments facility of up to 12 months under IPDC Easy. Top officials from both sides were present.
October 29, 2022 - Shahriyar made CEO of PICL
October 29, 2022 - Dr. H.B.M. Iqbal, Chairman of Premier Bank Limited, celebrates the bank’s 23th founding anniversary programme by cutting a cake at its head office in the capital on Wednesday. M Reazul Karim, Managing Director & CEO, BH Haroon, MP, M Imran Iqbal, Jamal G Ahmed, Nahyan Haroon, Directors, Kaiser A. Chowdhury, Naba Gopal Banik, Independent Directors and Muhammed Ali, Advisor of the bank were present.
October 29, 2022 - AB Bank Limited signed an agreement with Jamuna Electronics and Automobiles Limited under which AB Bank cardholders will enjoy EMI facilities @0% up to 36 months. Syed Mizanur Rahman, DMD of AB Bank Limited and Md. Sazzadul Islam, Head of Business, Jamuna Electronics and Automobiles Limited signed the agreement on behalf of their respective organisations. Senior officials of both the organisations were also present at the ceremony.
September 29, 2022 - Sheikh Hasina is now world leader: Hasan
September 29, 2022 - PM’s 76th birthday celebrated amid festivity, enthusiasm
September 29, 2022 - Emranul Huq, Managing Director and CEO of Dhaka Bank Limited along with Professor Niaz Ahmed Khan, Ph.D, Pro-Vice Chancellor of Independent University, Bangladesh (IUB), launches a prepaid card product called Aspire Student Prepaid Card in association with VISA at IUB campus in the city recently. The Aspire Student Prepaid Card can be availed by any students of Bangladesh having a valid Student ID supported by Guardian Documents from any branches, online application and student banking unit of the bank.
September 29, 2022 - Noor -E- Hafza, Chairman, Board of Directors of Sonali Life Insurance Company Limited (SLICL), presides over its 9th AGM held on Wednesday. The AGM approved 15 percent cash dividend for its shareholders year ended on December 31, 2021. Directors and senior officials of the company were present.
September 29, 2022 - Noor-E-Alam Chowdhury, Chief Whip of Bangladesh Parliament, inaugurates the 386th branch of Islami Bank Bangladesh Limited as chief guest at Shibchar in Madaripur on Wednesday. Mohammed Monirul Moula, Managing Director & CEO, Md. Altaf Hossain, DMD, Miftah Uddin, SEVP and Md. Abdus Sobhan, EVP of the bank, were present.
September 29, 2022 - Sumon Morshed, Managing Director of Finery Group, inaugurates its 20th anniversary at its office in the capital on Wednesday. Officials and employees of the company were present.
September 29, 2022 - NFBIs demand withdrawal of cap on deposit interest
September 25, 2022 - PM calls ‘tragic’ rich nations response to climate issue
September 25, 2022 - World Bank to publicise Bangladesh’s dev success
September 25, 2022 - ‘Time is up’: Countries trapped in climate crisis raise alarm at UN
September 25, 2022 - Rising risk of global recession
September 25, 2022 - Energypac win RESCM award
September 25, 2022 - UFIL gets new DMD
September 25, 2022 - NRBC Bank wins six prizes as best bank in South Asian Business Excellence Awards
September 25, 2022 - GP trials 5G in all divisional cities
September 25, 2022 - Extend tenure of trade licences to 5 years: MCCI
September 25, 2022 - City Bank Capital moves to its new corporate head office
September 19, 2022 - Free, fair polls only held in AL govt periods, PM tells BBC
September 19, 2022 - Feroz Hossain made Exim Bank MD
September 19, 2022 - Nasimul Baten, Managing Director and CEO of DBH Finance PLC, inaugurates its 14th branch at Station Road in Rangpur city recently. AKM Tanvir Kamal, DMD and Head of Credit, Saiyaf Ejaz, Head of Administration and Recovery, Md Zakaria Eusuf, Head of Loan Operations, Sabed Bin Ahsan, Head of Deposits, Business Planning and Alternate Channels and other officials of the company, were present.
September 19, 2022 - Ruhul Amin re-elected as Risk Management Committee chairman of NRB Bank
September 19, 2022 - Niranjan Chandra Debnath, DMD of Sonali Bank Limited, Dr. Dewan Muhammad Humayun Kabir, Project Director of Aspire to innovate and Md. Samawat Ullah, Managing Director of Olivine Limited, exchange document after signing a tri partisan deal to collect the citizens fees and charges under Online Councilor Certificate System through the Sonali Payment Gateway at the bank’s head office in the capital on Sunday. Other senior officials from respective sides were present.
September 19, 2022 - Showing trade license not mandatory for small traders to open bank accounts

Economy fears take shine off global stock outlook

Staff Correspondent : Clear signs the global economy is cooling prompted analysts to trim their outlook for most of the world’s major stock markets compared with three months ago, according to a Reuters poll that still pointed to meaty gains from here.

Thursday’s quarterly survey of 350 equity strategists from all over the world showed only the US, Taiwanese and Russian stock markets escaping downgrades, with Moscow again expected to lead the way with double-digit gains.

While the latest poll lacked the sheer exuberance seen in the March survey, perpetually optimistic equity bulls were again out in force.

They shrugged off the fact that 11 out of the 17 markets covered by the poll are so far deep in the red for 2011, and instead projected strong gains from here for every one of them.

In comparison with oil and commodity markets that have proved hugely volatile this year, and with the fiscal crisis in Greece wreaking havoc on currency and government bond markets, some respondents pointed to stocks as the best alternative.

“Equities still look attractive when compared to other global asset classes,” said Angus Campbell, head of sales at London Capital Group.

The search for yield has become difficult for investors. High inflation has eroded cash assets, safe government bond yields are at rock-bottom and gold’s heady ascent to record levels leaves it looking expensive to many.

Still, the extent of the slowdown in Western economies is unclear and there has been no solution yet to the Greek sovereign debt crisis. Both could yet tame the bulls and bring out the bears.

European politicians are scrambling to avert a Greek sovereign debt default in mid-July, which if realized has the potential to hurl the financial system in Europe and elsewhere back into systemic chaos.

The Dow Jones Industrial Average, containing some of the world’s most famous companies, was the only index based in an advanced economy to be upgraded compared with the March poll.

Despite dismal labor market data and growing signs the US economy is cooling fast, analysts were very upbeat about the prospects for the Dow and S&P, which have each gained around 90 percent since their nadir during the Great Recession.

There seemed to be little concern among equity bulls about the imminent end of the Federal Reserve’s quantitative easing (QE) program that coincided with a sharp rise in asset prices. The poll was conducted before the Fed cut its US growth forecasts on Wednesday, with no hint of any further QE in the pipeline.

“We are still double from where we were two years ago; I think the market is doing great. We are in slowdown and correction but that’s following a 30 percent gain from the August lows,” said Bob Doll, chief equity strategist at BlackRock in New York.

Economists polled by Reuters last week were less sure of the outlook than equity analysts. They slashed their outlook for major Western economies in the June 15 poll, reacting to a raft of dire jobs and industrial production figures.

There was little cheer on Thursday from unemployment claims data, which showed jobless benefit claims rising last week after employment stumbled in May.

Strategists saw the Dow rising 7.4 percent from its Wednesday close of 12,109.7 to 13,000 by the end of the year—up from 12,700 seen in March—and then to 13,700 by around this time next year.

Similarly, the S&P is seen soaring nearly 9 percent to 1,400 by end-2011, from Wednesday’s 1,287.1.

The poll once again pointed to stellar returns on Russian shares. Having already rocketed almost 300 percent since the global recession, the Russian RTS looks set to gain another 17 percent from now until the end of the year thanks to a resurgent economy still reveling in strong oil prices.

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