Business
U.S. Fed cuts rates to near zero amid coronavirus fallout
In a surprise announcement, the U.S. Federal Reserve on Sunday cut its benchmark interest rate by a full percentage point to near zero and pledged to boost its bond holdings by at least 700 billion U.S. dollars amid mounting fears over the COVID-19 outbreak.
Stock futures sink after rate cut, new virus restrictions
U.S. stock futures fell sharply after the Federal Reserve slashed interest rates and more companies and governments took action over the weekend to shut down European and American society in the face of the growing virus outbreak.
Robi brings cloud-based SME solution ‘Amar Hishab’
Robi, a digital services provider has recently introduced ‘Robi Amar Hishab’, a cloud-based solution for Small and Medium Enterprises (SMEs).
Islami Bank inaugurates Mujib Corner at head office
Islami Bank Bangladesh Limited (IBBL) on Sunday inaugurated Mujib Corner at its head office in Islami Bank Tower marking the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman.
UAE pledges $27B in stimulus as Mideast works to slow virus
The central bank of the United Arab Emirates, home to the skyscraper-studded city of Dubai, on Sunday announced a $27 billion stimulus package to deal with the economic effects of the coronavirus pandemic.
Emirates suspends all flights to Italy
Emirates Airlines has suspended its flights with Italy over coronavirus pandemic and it operated its last flight from Rome of Italy on Saturday.
Saudi Arabia increases oil output to record high
Saudi Arabia's state-run oil giant Saudi Aramco said Tuesday it would increase its crude oil production to 12.3 million barrels a day in April, a record amount.
NOVOAIR inaugurates principal sales office in Banani
NOVOAIR, a private airline of the country on Tuesday inaugurated its principal sales office at Banani in the capital aiming to ensure better services to the passengers.
IBBL inaugurates sub branch at Maijdee
Islami Bank Bangladesh Limited inaugurated its Maijdee Bazar sub branch at Maijdee Bazar of Noakhali district on Monday.
One year replacement on Marcel AC
Local electronics brand ‘Marcel’ has declared one year replacement facility on its split type air conditioner. In addition, customers of Marcel Inverter AC is getting 10 years replacement guaranty on the compressor while 5 years guaranty is available on non-inverter AC’s compressor.