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Regulatory move for ensuring mandatory shareholding rules

Stocks rebounded on Monday with key index hitting one-month high as optimistic investors went on buying binge at the lowest possible prices riding on the regulatory move for ensuring mandatory shareholding rules.Stocks rebounded on Monday with key index hitting one-month high as optimistic investors went on buying binge at the...

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Prime Bank, ISPAB alliance on financing solutions to ISP companies

Prime Bank Limited and Internet Service Providers Association of Bangladesh (ISPAB) have joined hands to facilitate financing for entrepreneurs in internet service.Prime Bank Managing Director and CEO Rahel Ahmed and ISPAB President Md. Aminul Hakim formally launched the alliance through a virtual press meet on Monday. Minister for Post and...

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Phoenix Finance, Phoenix Ins recommend dividend

The board of directors of Phoenix Finance and Investments and Phoenix Insurance have recommended dividend for the year ended on December 31, 2019, according to official disclosures on Monday.Phoenix Finance: The board of directors of Phoenix Finance and Investments Ltd has recommended 6.0 per cent cash and 6.0 per cent...

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BRAC Bank introduces digital healthcare campaign for women

BRAC Bank has introduced a special campaign on digital healthcare for its TARA customers. TARA is BRAC Bank's women banking solution.Under this campaign, a TARA customer can avail TARA digital healthcare package free of cost for 12 months upon opening a TARA Flexi DPS. To avail free package, the customer's...

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Meghna Bank holds 102nd board meeting

The 102nd meeting of the board of directors of Meghna Bank Limited was held at its head office in the city recently, said a statement. H. N. Ashequr Rahman, MP, Chairman of Meghna Bank, presided over the meeting. Vice Chairman of Meghna Bank Md. Kamal Uddin, Managing Director & CEO...

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Asian markets rally on recovery hopes, despite virus surge

HONG KONG, July 6 (AFP): Asian markets rallied out of the blocks Monday, with further signs of economic recovery continuing to resonate with investors more than a surge in coronavirus infections across the planet.The easing of lockdowns is providing hope the global economy will bounce back from an expected recession...

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Citi expects stocks to go sideways for a year

SINGAPORE, July 6 (Reuters): World stocks will probably tread water for a year, according to Citi strategists, who recommend a more defensive portfolio in the face of the fallout from the coronavirus pandemic.Citi equity strategists are recommending clients play it safe by holding U.S. stocks and healthcare shares and reducing...

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News Briefs (07-07-2020)

US stocks open strongerUS stocks open stronger NEW YORK, July 6 : Wall Street opened higher after the long holiday weekend on Monday, extending last week's rally that was fueled by positive economic signs despite the coronavirus pandemic. About 15 minutes into the trading session, the Dow Jones Industrial Average...

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Indian stocks at 4-month highs

BENGALURU, July 6 (Reuters): Indian shares closed higher on Monday, jumping aboard a China-driven rally in global shares, with HDFC Bank Ltd gaining after it reported strong loan growth through the first months of the COVID-19 crisis.The benchmark indexes in Mumbai logged their fourth straight session of gains, with the...

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Chipmaker SMIC plans biggest China's IPO in a decade

SHANGHAI, July 6 (AFP): China's largest chipmaker, Semiconductor Manufacturing International Corporation, is planning to raise as much as $7.5 billion in a Shanghai stock listing that would be the country's biggest in a decade.Details of the planned offers were released in a statement filed Monday on the website of the...

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Lloyds Bank boss Horta-Osório to step down after a decade at the helm

Lloyds Bank Chief Executive António Horta-Osório said on Monday he would step down next year after a decade at the helm, leaving Britain's biggest domestic bank to find a successor to steer it through the coronavirus fallout, reports Reuters.While his departure had been expected, it comes at a critical time...

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Brazil capital markets boom despite pandemic, M&A hits 20-year low

SAO PAULO, July 6 (Reuters): Brazilian capital markets stormed back in the second quarter, powered by domestic investors seeking alternatives to meager fixed-income returns even as the COVID-19 pandemic wreaked havoc on the economy.Equity sales by Brazilian companies grew 10% in the first half to $9.9 billion, according to Refinitiv...

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DSE/CSE News in Brief (07-07-2020)

Board meetings Sonar Bangla Insurance Ltd: A board meeting of the company will be held on July 14, 2020 at 3:30 PM to consider, among others, audited financial statements of the company for the first quarter and second quarter period ended on March 31, 2020 and June 30, 2020. Sonar...

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An online training workshop

An online training workshop on 'E-nathi' jointly organised by Rupali Bank Limited and a2i was held recently. Md. Obayed Ullah Al Masud, Managing Director & CEO of the bank, inaugurated the workshop.

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669th board meeting of Agrani Bank

The 669th board meeting of Agrani Bank Limited was held on Sunday through video conference where Dr. Zaid Bakht, Chairman of the bank, and Mohammad Shams-ul-Islam, Managing Director and CEO, were present.

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