Bangladesh, Dhaka (BBN) – Bangladesh Business News prepares Monday’s evening business round up compiling reports, published by different newspapers and news portals.
Midland Bank signs MoU with ACE Advisory
Midland Bank Limited signed a Memorandum of Understanding (MoU) with ACE Advisory at the corporate head office of the Bank in Dhaka on Sunday, says a press release received today. Under the MoU, ACE Advisory will use the Midland Cash Management (MCM) application for conducting their daily business banking and cash management activities across the country, added the release.
Samsung shares plunge after vice-chairman gets jail term for bribery; Asia-Pacific markets mixed
Shares in Asia-Pacific were mixed on Monday as investors in the region reacted to Chinese economic data, including the country’s GDP print for the fourth quarter. Mainland Chinese stocks were higher on the day, with the Shanghai composite up 0.84% to 3,596.22 while the Shenzhen component advanced 1.58% to 15,269.27. The Hang Seng index in Hong Kong rose 0.87%, as of its final hour of trading.
World on the brink of ‘catastrophic moral failure’ due to unfair vaccine rollouts, WHO chief says
The head of the World Health Organization said Monday the equitable distribution of coronavirus vaccines is at “serious risk.” Warning of a “catastrophic moral failure,” WHO’s Director-General Tedros Adhanom Ghebreyesus said “the recent emergence of rapidly-spreading variants makes the rapid and equitable rollout of vaccines all the more important.”
Oil’s supply-led rally peters out as virus cases surge
Oil prices on Monday fell further from 11-month highs touched last week, ending a rally that started at end-October on production cuts and strong Chinese demand, with the market’s outlook questioned as coronavirus infections rise. Brent crude fell 30 cents, or 0.5%, to $54.79 a barrel by 0622 GMT, after dropping 2.3% on Friday. U.S. oil was down by 21 cents, or 0.4%, at $52.15 a barrel, having declined 2.3% in the previous trading session.