5 people shot at Michigan State University; suspect at large

Police say a man has shot at least five people at Michigan State University, and some have life-threatening injuries.

The suspect remained at large Monday night. He was described as a short man with a jean jacket and ball cap, said Chris Rozman, interim deputy chief of the campus police department.

Rozman said hundreds of officers were on the East Lansing campus to maintain safety and catch the gunman.

Students were ordered to continue sheltering in place. Shootings occurred at two campus buildings

The alert advised students and staff to “Secure-in-Place immediately” and to monitor alert.msu.edu for information.

By 10:15 p.m., police said Berkey, as well as nearby residence halls, were secured.

Separately, police reported a shooting at IM East, a recreational center for students.

Aedan Kelley, a junior who lives a half-mile (less than a kilometer) east of campus, said he locked his doors and covered his windows “just in case.” Sirens were constant, he said, and a helicopter hovered overhead.

“It’s all very frightening,” Kelley said. “And then I have all these people texting me wondering if I’m OK, which is overwhelming.”

Authorities announced late Monday that all campus activities would be canceled for 48 hours, including athletics and classes. Via Twitter, people were advised not to come to campus Tuesday.

Michigan State has about 50,000 students. East Lansing is about 90 miles (145 kilometers) northwest of Detroit.

The East Lansing High School auditorium, where a school board meeting was being held Monday night, was locked down and people were being prevented by police from leaving, the Lansing State Journal reported.

Source: United News of Bangladesh

BPL 2023: Tickets for Final Available on Wednesday

Tickets for the final of the ongoing season of Bangladesh Premier League (BPL) will be available for purchase from tomorrow, Wednesday, 15 February 2023.

The final of BPL 2023 promises to be an exciting event for cricket fans, with an added bonus of a grand concert featuring some of the best local bands and singers.

According to the Bangladesh Cricket Board (BCB) chief executive officer, Nizam Uddin Chowdhury, the concert is expected to start at approximately 3 pm on match day, followed by the final match at 6:30 pm.

Fans can buy tickets for the match from the Shaheed Suhrawardi Indoor Stadium in Mirpur and the ticket booth adjacent to Gate 1 of Sher-e-Bangla National Cricket Stadium, also in Mirpur.

The ticket prices for the different stands are as follows: Grand Stand - TK 2,000, VIP Stand - TK 1,500, Club House - TK 800, North/South Stand - TK 400, and Eastern Stand - TK 300.

The tickets will be sold on match day and the day before. Ticket counters and booths will open from 9:30 am and continue until 7:30 pm, subject to the availability of tickets.

Source: United News of Bangladesh

BPL 2023: Strikers march into final in first for Sylhet franchise

Sylhet Strikers provided their fans with the ultimate Bashonti present by advancing to the final of this year's Bangladesh Premier League (BPL) with a 19-run victory over Rangpur Riders on Tuesday in Mirpur.

The Strikers, led by Mashrafe Bin Mortaza, will now face the Comilla Victorians in the final on February 16th. It will be the first time a Sylhet franchise will compete in the BPL final.

Rangpur needed 28 runs in the last over to chase down the target of 183. Rubel Hossain conceded two fours off the first two balls, but he made a comeback off the last three balls and ensured a win for the Strikers.

Before failing to score 28 runs in the last over, the Riders were going well. In the fourth-wicket partnership, Nurul Hasan Shohan and Rony kept the scorecard afloat. They scored 82 off 52 balls. The partnership was broken after a drama unfolded when Mushfiqur Rahim returned to the field.

The wicketkeeper-batsman was absent from the field at the start of the second innings. In his absence, Akbar Ali, a substitute fielder, kept wicket for the Strikers. However, when Mushfiqur returned to the field before the 17th over, the playing conditions required him to resume his role as the designated wicketkeeper of the Strikers. For unknown reasons, Mushfiqur was unable to take on this responsibility.

In this scenario, the Strikers had two options: either to give the gloves to Mushfiqur and replace Akbar or to choose someone from the playing XI to take on the role. The Strikers decided to entrust Zakir Hasan with the gloves. This drama caused a pause in the match that lasted several minutes.

In the meantime, Nurul and Rony lost momentum. Off the first ball of the 17th over, Sakib dismissed Nurul. In the same over, Rony was trapped run-out by Zakir. And the Riders never got the momentum back.

Dasun Shanaka and Mahedi Hasan, two batters who had the onus on them to get going for the Riders, failed, and eventually, the Riders tumbled for 163 for eight in 20 overs.

Luke Wood scalped three wickets for the Strikers, while Rubel and Sakib took two wickets each.

Earlier, the Riders won the toss and sent the Strikers to bat first. The in-form Towhid Hridoy and Najmul Hossain Shanto ensured a blistering first-wicket stand, scoring 65 off nine overs.

After Hridoy was sent back by Hasan Mahmud, Mashrafe surprised many by putting himself to bat at number three. He also displayed some old batting glimpses, scoring 28 off just 16 balls at an average of 175. Thisara Perera and George Linde also contributed well, scoring 21 each.

Hasan Mahmud and Dasun Shanaka took two wickets each. But their efforts were not enough to restrict the Strikers to a lower total.

Source: United News of Bangladesh

Fed Cup Handball: Ansar & VDP will face Tetulia Upazilla in women’s final on Wednesday

Fed Cup Handball: Ansar & VDP will face Tetulia Upazilla in women's final on Wednesday

Dhaka, Feb 14 (UNB)- Bangladesh Ansar & VDP team will face Tetulia Upazilla KS in the Women's final of the Walton Federation Cup Handball Tournament on Wednesday.

The women's title deciding match will kick-off at 10:45 am at the Shaheed Capt (Retd) M Mansur Ali National Handball Stadium here.

In the day's women's competition, Ansar & VDP team reached the final outplaying Bangladesh Police Handball Club by 31-17 goal after dominating the first half by 16-8 goal.

In the day's other women's match, Tetulia Upazilla KS booked a seat for the women's final eliminating Handball Training Center, Dhaka by 32-16 goals after leading the first half by 18-10 goals.

Meanwhile in the men's group, Border Guard Bangladesh (BGB) defeated Team Handball, Dhaka by 44-11 goal while Bangladesh Ansar & VDP team beat Bangladesh Police Handball Club by 40-24 goal.

Source: United News of Bangladesh

Experts found Chilean poet Neruda was poisoned, nephew says

Forensic experts have determined that Chilean poet Pablo Neruda died of poisoning nearly 50 years ago, a family member of the Nobel Prize winner said Monday.

The revelation by Rodolfo Reyes, a Neruda nephew, is the latest turn in one of the great debates of post-coup Chile. The long-stated official position has been that Neruda died of complications from prostate cancer, but the poet's driver argued for decades that he was poisoned.

There was no confirmation of Reyes' comments from forensic experts from Canada, Denmark and Chile who are scheduled to publicly release a report Wednesday on the cause of Neruda's death.

The public release of the group's finding has been delayed twice this year, first due to internet connectivity issues of one of the experts and then again because a judge said the panel had yet to reach a consensus.

International forensics experts several years ago rejected the official cause of death as cachexia, or weakness and wasting of the body due to chronic illness — in this case cancer. But at that time they said they had not determined what did kill Neruda.

In an interview with The Associated Press, Reyes said forensic tests carried out in Danish and Canadian labs indicated a presence of “a great quantity of Cloristridium botulinum, which is incompatible with human life.” The powerful toxin can cause paralysis in the nervous system and death.

Reyes first revealed the information to the Spanish news agency EFE earlier Monday.

As a lawyer in the judicial case over his uncle’s death, Reyes said he has access to the forensic report, which was carried out after the same group of experts said in 2017 that there were indications of a toxin in the late poet’s bones and a molar.

The lab tests concluded that the toxin was administered when the poet was alive, Reyes said.

The report is set to be released almost 50 years after the death of the poet and Communist Party member and 12 years after the start of a judicial investigation into whether he was poisoned, as his driver Manuel Araya maintains.

Araya told AP earlier this month he was confident that the forensic findings would support his assertion the poet died after being given “an injection in the stomach” at the clinic where he was hospitalized. Araya said he first heard that version of events from a nurse.

Neruda, who was 69 and suffering from prostate cancer, died in the chaos that followed Chile’s Sept. 11, 1973, coup that overthrew President Salvador Allende and put Gen. Augusto Pinochet in power.

Neruda’s body was exhumed in 2013 to determine the cause of his death but those tests showed no toxic agents or poisons in his bone. His family and driver demanded further investigation.

In 2015, Chile’s government said it was “highly probable that a third party” was responsible for Neruda's death. Neruda was reburied in his favorite home overlooking the Pacific Coast last year.

In 2017, a team of international scientists determined that Neruda did not die of cancer or malnutrition, rejecting the official cause of death but not saying what he did die of.

“The fundamental conclusions are the invalidity of the death certificate when it comes to cachexia as a cause of death,” Aurelio Luna, one of the panel’s experts, said at that time. “We still can’t exclude nor affirm the natural or violent cause of Pablo Neruda’s death.”

Neruda, who was best known for his love poems, was a friend of Allende, who killed himself rather than surrender to troops during the coup led by Pinochet.

Neruda was traumatized by the military takeover and the persecution and killing of his friends. He planned to go into exile, where he would have been an influential voice against the dictatorship.

But a day before his planned departure, he was taken by ambulance to a clinic in Chile's capital of Santiago where he had been treated for cancer and other ailments. Neruda officially died there Sept. 23, 1973, from natural causes.

But suspicions that the dictatorship had a hand in the death remained long after Chile returned to democracy in 1990.

The former Mexican ambassador to Chile at the time of the bloody military coup, Gonzalo Martínez Corbalá, told AP on two occasions that he saw Neruda the day before his death and that his body weight was close to 100 kilos (220 pounds). Martínez spoke to AP by phone in 2017, a few days before his death.

Araya told AP last month he still thinks that if Neruda “hadn’t been left alone in the clinic, they wouldn’t have killed him.”

He recalled that on Neruda’s instructions, on Sunday, Sept. 23, the poet’s wife, Matilde Urrutia, and he were at the mansion to pick up the suitcases that would be taken to Mexico the following day. In the middle of the afternoon Neruda asked them to come back quickly. He died that same night.

During his life, Neruda accumulated dozens of prizes, including the 1971 Nobel Prize for Literature, but in recent years criticism has appeared from feminist groups over a rape he committed in the 1930s and which he recounted in his book “I Confess That I Have Lived.” He also is criticized for abandoning his only daughter, Malva Marina, because she was born with hydrocephalus

Source: United News of Bangladesh

B’baria Bar Association created a black mark in Bangladesh’s legal history, HC observes

The High Court (HC) on Tuesday observed that the Brahmanbaria Bar Association has created a black mark in the legal history of Bangladesh.

The HC bench of Justice JBM Hassan and Justice Razik-Al-Jalil made the observation when three lawyers, including president and secretary of Brahmanbaria Bar Association, appeared before it to explain the allegations of 'indecent behavior' in the courtroom of Brahmanbaria on January 2.

Momtaz Uddin Fakir, president of the Supreme Court Bar Association told the High Court that the issue of Brahmanbaria is being peacefully solved as all courts are resuming their activities from today. "Give us 1 month as we have some work to resolve the problem completely,” he added.

Replying to this, the High Court said no development has been made. They (Lawyers) are just wasting time and they have made the Brahmanbaria court, a constitutional institution, non-operational. The court is observing everything, it added.

It is a crime worse than contempt of court, said the HC bench and warned that HC will think about whether they are eligible to practice in Bangladesh or not.

No one is above law, be it the president or the member of the Bar Association, said the court adding if the Bar Council does not take any action, the HC will do whatever is necessary.

Besides, the High Court fixed February 26 for the next hearing.

Supreme Court Bar Association President Md Momtaz Uddin Fakir and secretary Abdun Noor Dulal and Advocate Sayed Ahmed Raza stood for the B’baria lawyers at the court.

On January 10, the HC summoned the 21 lawyers including the Brahmanbaria Bar Association secretary to explain the allegation of contempt of court for chanting indecent slogans against the district judge during the court session.

The court also issued a rule to explain why contempt of court proceedings should not be initiated against them.

Brahmanbaria District and Sessions Judge Sharmin Nigar sent a letter to the Supreme Court in this regard on January 9.

Earlier on January 5, the same bench summoned three lawyers including Brahmanbaria Bar Association president on January 17 for misbehaving with the district Woman and Child Repression Prevention Tribunal Judge Mohammad Faruq.

Those summoned were Bar Association president Advocate Tanvir Ahmed Bhuiyan, Secretary (Administration) Advocate Md Akkas Ali and Advocate Zubair Islam.

The court also issued a rule questioning as to why punitive action should not be taken against them on contempt of court charge.

On January 4, district Woman and Child Repression Prevention Tribunal Judge Mohammad Faruq sent a written complaint to the High Court to take action against those involved in this incident. Later, on the instructions of the Chief Justice, the Registrar General of the Supreme Court sent the written complaint of the judge to the HC bench.

On January 2, Bar Association president advocate Md Tanvir Bhuiyan, Secretary Advocate Md Akkas Ali and around 10-15 lawyers including Zubair Islam came and rudely asked the judge to leave the courtroom. Advocate Tanvir hurled abusive words at the court, as per the complaint.

Meanwhile, the lawyers of Brahmanbaria, who have been boycotting courts since January 4, resumed the judicial proceedings of all courts, except Women and Children Repression Prevention Tribunal-1, from today.

The decision to resume the court activities was taken at a meeting of the Brahmanbaria Bar Association held on Monday.

Earlier on Sunday, a meeting was held at Brahmanbaria Circuit House around 10:30 am in the presence of law minister, Brahmanbaria-3 constituency MP and District unit Awami League President RAM Obaidul Moktadir, law secretary Golam Sarwar and others, where the law minister assured the lawyers of addressing the issue.

Source: United News of Bangladesh

Valentine’s Day Dinner Main Course and Dessert Recipes to Try at Home

Valentine’s Day 2023 has arrived to remind us of the beauty of love, passion, and care for our partner. Besides exciting gifts, a fulfilling homemade meal can make Valentine’s day more memorable for your partner. You can make the day special by arranging a Valentine's Day dinner. Why don’t you skip the restaurants this year and stir a delicious and romantic dinner for your valentine at home? Let’s find out our best valentine's dinner main course recipes.

Romantic Valentine's Day Dinner Recipes for Home Kitchens

Kachchi Biryani Recipe

Ingredients

2 lb mutton, 1 teaspoon ginger paste, 2 teaspoon garlic paste, 3-4 dry red chili, 2-3 sticks of cinnamon, 4-5 green cardamom, 1 teaspoon cumin, ½ teaspoon cloves, ½ teaspoon mace, ? teaspoon nutmeg, 6-8 allspice, 3 tablespoon yogurt, ¾ cup ghee, 5 medium potatoes, ½ cup onion (thinly sliced), 4 cups basmati rice, 6 cups water, ½ cup condensed milk, 2 tablespoon milk, a pinch of saffron, 10-12 alubokhara, 4 eggs, and salt (as per required).

Source: United News of Bangladesh

Boi Mela, Pahela Falgun & Valentine’s: Visitors around DU campus spoilt for choice

Amar Ekushey Book Fair 2023 has doubled the festive mood and joy among the students and the people who came to celebrate Pahela Falgun or Valentine's Day or both at the Dhaka University campus area on Tuesday.

Since the morning students, people from different professions and irrespective of colour, creed or religion started gathering in the Dhaka University area wearing colourful Panjabi and Shari as the area has traditionally been a venue for Pahela Falgun and Valentine's Day celebration, while Boi Mela takes place at nearby Bangla Academy every year.

Besides the huge arrangements of Bosonto Utsab Udzapon committee at the Bakultola of Fine Arts faculty of Dhaka University, several programs have been arranged in Dhaka University area like ‘Somogit Bosonto Utsob' at the historical BotTola of Dhaka, three-day cultural festival at the department of political science and Sangit Utsab at the faculty of Business Studies of Dhaka University to welcome Spring, the king of all season.

Marking the special day, various floating stalls of flowers and food almost everywhere in the campus area have been set to meet the demands of visitors. Lower markets are busy stocking red roses for the day.

Abid, an eleven-year-old boy who is selling flowers and floral bands walking around busy areas of campus, said that he came in this area from Mouchak of the capital in the morning to sell flowers hoping for better profit.

“My mother sent me here to sell flowers as many people from different area came here to observe the day and they buy flowers from us. From the morning I have bagged around 800 taka,” he said.

Besides, flower sellers are also waiting to celebrate the day with massive stocks of roses and bouquets for people who are eagerly waiting to celebrate the day with their loved ones. The flower shops at the Shahabag crossing were seen very busy and filled with the traffic of customers.

On the other hand, the Amar Ekushey book fair 2023 has added an extra festive mood among the people who came to observe the Pahela Falgun in the Dhaka University area, as one of the venues of the Pahela Falgun celebration has been set at Muktamonch of Suhrawardy Uddyan, near the ground of the Amar Ekushey book fair. As a result, most of the visitors who only came to the book fair also joined the Pahela Falgun celebration.

The 14th of February is also being recognized as Saint Valentine's Day or the Feast of Saint Valentine. February 14 became a day of celebration over the years following an ancient Roman tradition that has been celebrated mostly in Western countries. Following this global trend, many couples wearing floral bands were seen over the campus area since morning.

Shamima and Kamal came to celebrate Valentine's Day from Mirpur-2. “This is ourfirst valentine day after our marriage though we have a two-year relationship before our marriage. This day reminds us about our beloved ones and we came here to enjoy this day,” Shamima said.

Osman Ahammed, a student who came to the book fair and was enjoying the cultural programs at the Muktamocho of Suharawardy uddyan had a talk with UNB correspondent. He said, “actually I came here in this book fair from Jatrabari of the capital. I did not have any intention to join the Pahela Falgun celebration but when I was crossing by this place, (muktomoncho) cultural programs dragged my interest and I am enjoying it.”

However, huge public gathering at the campus area created severe traffic across the whole campus which made some students unhappy for the rush and gathering of the outsiders.

Moniruzzaman, a final year student of Mass communication and journalism department of the University said, “I usually try to avoid the TSC area on the off days. It becomes hard for students to move freely in such days.”

Source: United News of Bangladesh

‘Murir Tin’: Coke Studio Bangla launches season 2 with nod to local dialects

The much-acclaimed Coke Studio Bangla returned to enthral music lovers with its second season on Tuesday with its maiden track ‘Murir Tin’, featuring a unique amalgamation of three local dialects in the month of International Mother Language Day.

Released with festivities all over the country with multiple launching events marking the celebration of both Pahela Falgun 1429 and Valentine’s Day, the song is made in Sylheti, Chattogram and Khulna's dialects with vocals and rap by Riad Hasan, Pollob Vai, and Towfique Ahmed.

The song was launched at around 6 pm with launching ceremonies at six locations across four divisions - Rabindra Sarobar and American International University Bangladesh (AIUB) campus in Dhaka; Khulna University of Engineering & Technology (KUET) in Khulna, CRB and Chittagong University in Chattogram, and Shahjalal University of Science and Technology (SUST) campus in Sylhet.

At the launching event in Rabindra Sarobar, singer and Coke Studio Bangla Curator-Producer Shayan Chowdhury Arnob and singer-actor-music director Pritom Hasan joined an influx of festive crowd.

The song was streamed live simultaneously at all the launching venues and Coke Studio Bangla’s Facebook page and YouTube channel at the same time.

“#MurirTin is a melting pot where the cultures and the people of Bangladesh come and go. Amid a crowd of common people, there lies #RealMagic,” Coke Studio Bangla describes the rhythmic and funky-upbeat track in the YouTube video of the track.

It added, “The clunky local bus used to roam the streets of Bangladesh back in the ’80s. Even though the lyrics are sung by people from different regions in their native language, they all unanimously call it “Murir Tin” because of the rattling sound it used to make.”

“This is a unifying factor for the people of Bangladesh – where even in different languages, they all share the same experiences - the journeys we take, the people we meet, and the situations we encounter. It is about the people and cultures in transit, it is the mix of all the colours that fill up our beautiful country.”

‘Murir Tin’ is written and composed by Riad Hasan, while the song’s Sylheti Rap part is written and performed by Pollob Vai and the Khulna Rap is written and performed by Towfique Ahmed.

Season one’s much-acclaimed song ‘Bulbuli’-famed composer Shuvendu Das Shuvo composed this song alongside arranging the music, while Adit Rahman assisted with additional music arrangement.

Chief Sound Engineer for the song is Faizan R Ahmad (Buno) who also mastered the song, mixed by Ifte Khairul Alam Shuvo. Jannatul Firdous Akbar, Shanila Islam and Rubayat Rehman collaborated as the backing vocals for the track.

The video production of the song was presented in a new format, inspired by the other international and regional versions of Coke Studio. The music video is made by Dope Productions Private Limited, and the video was directed by Krishnendu Chattopaddhyay.

Coke Studio Bangla is produced by Grey Advertising Bangladesh Limited, with Syed Gousul Alam Shaon being the Creative Producer. Grameenphone is the official telco partner of this season, while international streaming platform Spotify is the season’s official audio streaming partner.

Source: United News of Bangladesh

HSBC appoints Gerard Kevin Haughey as country head of Wholesale Banking in BD

Gerard Kevin Haughey has been appointed as the country head of Wholesale Banking, HSBC Bangladesh, effective from February 13 (Monday), subject to regulatory approvals.

Gerard brings almost 25 years of experience working in all business lines and multiple functions in HSBC, across Asia, Europe and North America, said a press release issued on Tuesday.

In his most recent role, he co-led the bank’s Global Trade and Receivables Finance (GTRF) business in the UK, providing a full range of working capital solutions to clients, supported by a team of 330 trade specialists.

As the country head of Wholesale Banking in Bangladesh, Gerard will be leading his team to support our customers’ evolving needs.

He will further develop HSBC’s franchise in the Bangladesh market which is increasingly vital to global trade and international supply chains.

Commenting on the appointment, Md Mahbub ur Rahman, Chief Executive Officer, HSBC Bangladesh said, “Bangladesh is one of Asia’s dynamic emerging economies. Gerard’s wealth of experience in diversified functions and continents will further complement our leadership position in Commercial Banking regionally and will build upon the momentum we have already created, serving our customers in Bangladesh even better.”

Source: United News of Bangladesh

Stocks swing after inflation cools, but by less than hoped

Wall Street is swinging Tuesday after a highly anticipated report showed inflation is continuing to cool, but perhaps by not as much or as smoothly as hoped.

The S&P 500 was 0.3% lower after bouncing between losses and gains in morning trading. The bond market also zig-zagged immediately after the release of the inflation data, before yields moved more convincingly higher, as analysts pointed to mixed signals within the report.

The Dow Jones Industrial Average was down 197 points, or 0.6%, at 34,048, as of 11:03 a.m. Eastern time, while the Nasdaq composite was 0.2% lower after bridging an even wider gap. It ricocheted between a loss of 1.1% and gain of 0.9%.

The report was so hotly anticipated because inflation and the Federal Reserve’s response to it have been at the center of Wall Street’s struggles for more than a year. Inflation has been cooling since a summertime peak, and investors are trying to guess how quickly and smoothly a decline could happen to the Fed’s 2% target.

Tuesday’s report showed that inflation slowed to 6.4% in January. That's down from 6.5% a month earlier and from a peak of 9.1% in June. The hope on Wall Street is that a continuing slowdown could get the Federal Reserve to pause its hikes to interest rates and perhaps even begin contemplating cuts to them.

High rates can drive down inflation but also raise the risk of a severe recession and hurt investment prices. The Fed has already hiked its key short-term rate to a range of 4.50% to 4.75%, up from virtually zero a year ago.

Nearly half of January’s month-over-month inflation also came from an area where Fed Chair Jerome Powell has said he sees easing pressure in the pipeline: housing and other shelter-related prices.

On the downside for markets, though, the improvement in inflation wasn't by as much as economists expected. That could encourage the Fed to be more aggressive on interest rates than it’s been saying. The Fed has indicated it envisions at least a couple more increases before holding rates at a high level for a while.

“While inflation is heading in the right direction, there is a long and bumpy road ahead to price stability,” said Andrew Patterson, senior economist at Vanguard.

Even after ignoring the effects of prices for food and energy, which can swing more sharply than others, what's called “core inflation” was still slightly higher than expected last month.

Such strength “suggests that the Fed has a lot more work to do to bring inflation back to 2%,” said Maria Vassalou, co-chief investment officer of multi-asset solutions at Goldman Sachs Asset Management. “If retail sales also show strength tomorrow, the Fed may have to increase their funds rate target to 5.5% in order to tame inflation.”

Investors have been raising their forecasts for how high the Fed will take rates by the summer, and they’re now betting on a nearly 14% probability that its key rate will top 5.5% by July. That’s up from just a 0.2% probability seen a month ago, according to CME Group.

In the end, several analysts said Tuesday’s inflation report confirms a cooling trend but doesn’t answer any big questions by itself.

“This inflation print served as a reminder to investors that the path to lower inflation is not as clear cut as previously thought and it is too early for the Fed to declare victory on inflation,” said Gargi Chaudhuri, head of iShares Investment Strategy, Americas.

The market’s expectations for the Fed have been driving yields higher in the bond market in particular. The two-year Treasury has shot to its highest level since November, egged on last week after a stronger-than-expected report on the U.S. jobs market.

The two-year yield jumped to 4.61% from 4.52% late Monday. It initially zig-zagged up, down and back again after the release of the inflation report.

The 10-year yield, which helps set rates for mortgages and other loans, rose to 3.76% from 3.70%.

In stock markets abroad, Japan's Nikkei 225 rose 0.6%. Government data showed the world's third largest economy grew at an annual pace of 0.6% in October-December, as restrictions related to the coronavirus pandemic eased, both abroad and in Japan. Tourism recovered, as did local travel, and exports grew, the Cabinet Office reported.

Source: United News of Bangladesh

President-elect Shahabuddin quits Islami Bank

President-elect Md Shahabuddin resigned from the board of directors of Islami Bank Bangladesh Limited (IBBL), a top official of the bank said on Tuesday.

IBBL Managing Director Muhammad Munirul Mawla told UNB that Shahabuddin resigned from the bank on Sunday after the ruling Awami League nominated him for the post of president.

On behalf of JMC Builders, Chittagong, he was appointed as the director of the bank in June 2017, and was subsequently appointed as the vice chairman.

Shahabuddin’s name and picture have been removed from Islami Bank's website on Monday.

Source: United News of Bangladesh