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Dire performance of new Hong Kong listings clouds prospects for IPO pickup

2022-08-07 00:00:00

HONG KONG, Aug 6 (Reuters): The majority of stocks listed in Hong Kong since the start of last year are trading well below their initial selling prices, data showed, leaving investors out of pocket and dimming prospects for a pick...

Japan's GPIF posts $28b first-quarter investment loss on market turbulence

2022-08-07 00:00:00

TOKYO, Aug 6 (Reuters): Japan's Government Pension Investment Fund (GPIF) reported on Friday an investment loss of 3.75 trillion yen ($28.13 billion) for April-June, the second consecutive quarter of negative returns, as economic slowdown fears hit global stock markets.The world's...

TSX pares weekly decline

2022-08-07 00:00:00

TORONTO, Aug 6 (Reuters): Canada's main stock index edged higher on Friday, recouping some of this week's decline, as stabilization in oil prices bolstered energy shares, while data showed that Canada's economy unexpectedly shed jobs for a second straight month...

Global bond funds receive biggest weekly inflow in nine months

2022-08-07 00:00:00

Global bond funds obtained their biggest weekly inflow in nine months and purchases in money market funds also surged in the week to August 3, as investors favoured safety due to worries about the risk of global recession, reports Reuters.Also,...

Russian equities brace for selling pressure as fraction of foreign investors return

2022-08-07 00:00:00

MOSCOW, Aug 6 (Reuters): Russian stocks are expected to decline in August as investors from so-called "friendly" countries, a fraction of foreign investment power, return to the unchartered waters of an equity market now offering huge risks and insufficient transparency.Foreign...

Hedge funds post July gain on stock market rally, still down for year

2022-08-07 00:00:00

NEW YORK, Aug 6 (Reuters): Hedge funds posted a 1.65 per cent gain in July, driven by a stock market rally which helped reduce their losses for the year to date, data provider HFR said on Friday."Led by high beta...

India's Paytm Q1 loss rises on higher expenses

2022-08-07 00:00:00

MUMBAI, Aug 6 (Reuters): Indian digital payments firm Paytm on Friday reported a wider first-quarter loss as expenses related to marketing and employee benefits rose, but reiterated its target of achieving operational profitability next year.The company's parent firm One 97...

World stocks fall after US jobs growth surges

2022-08-07 00:00:00

LONDON, Aug 6 (AFP): Stock markets slid Friday as a much stronger-than-expected US jobs report raised the prospect that the Federal Reserve will maintain its aggressive monetary policy to combat inflation.Official data published Friday showed the US economy added 528,000...

News Briefs (2022-08-07)

2022-08-07 00:00:00

CAPM declares Unit Fund NAVCAPM Company Limited has declared the Net Asset Value (NAV) of CAPM Unit Fund. The total NAV of CAPM Unit Fund stood at Tk 94,941,518.94 on the basis of cost price and Tk 106,437,260.61 on the...

JCI Dhaka Aspire distributes reusable plastic plates

2022-08-07 00:00:00

JCI Dhaka Aspire, a local organisation of JCI Bangladesh, has recently completed the phase-2 of its project titled "Serving the Orphans" covering an orphanage and hostels of Gazipur, says a statement. This project is an initiative to create awareness about...

Prudent leadership a must to cope with global economic crisis

2022-08-07 00:00:00

Prudent leadership at all levels of society is a must to cope with this global economic crisis, said eminent economist and former governor of Bangladesh Bank (BB) Prof Dr Atiur Rahman, reports BSS.He said this while presenting a keynote paper...

National Bank opened a sub-branch at Sadarpur

2022-08-07 00:00:00

National Bank Limited opened a sub-branch at Sadarpur under Faridpur district recently. Syed Rois Uddin, Deputy Managing Director of National Bank, inaugurated the sub-branch as the chief guest.

BRAC Bank, BRAC University join hands to groom women entrepreneurs

2022-08-07 00:00:00

BRAC Bank and BRAC University have joined hands to launch a comprehensive Entrepreneur Accelerator Programme aimed at helping aspiring women entrepreneurs become successful in business, said a statement. The two organisations have partnered for the intensive training programme styled 'Uddokta...

CS profession is challenging, rewarding: ICSB chief

2022-08-07 00:00:00

The Institute of Chartered Secretaries of Bangladesh (ICSB) organized an orientation programme for the students of 50th Batch of Chartered Secretary (CS) on a virtual platform on Saturday, reports BSS.Md. Azizur Rahman, senior vice president and chairman of education committee,...

CMSF likely to start settlement process this month

FE REPORT | 2022-08-07 00:00:00

The Capital Market Stabilisation Fund (CMSF) is set to start the process of settlement of investors' claims for undistributed stock dividend this month.Officials said the CMSF has framed a guideline to implement the settlement of the claims."The Board of the...

MNCs see price hike up to 10.39pc

FE REPORT | 2022-08-07 00:00:00

With the stock market surge that continued throughout the last week, share prices of the listed multinational companies (MNCs) gained between 1.67 per cent and 10.39 per cent.Buoyed by market-supportive measures taken by the securities regulator, the benchmark DSEX index...

Oil prices end week on multi-month lows on recession fears -

2022-08-07 00:00:00

Oil prices settled higher on Friday, recouping some of this week's losses on strong U.S. job growth data, but closed the week at their lowest levels since February, rattled by worries a recession could hit fuel demand, reports Reuters.Brent crude...

Ukraine grain shipments offer hope, not fix to food crisis

2022-08-07 00:00:00

BEIRUT, Aug 6 (AP): A ship bringing corn to Lebanon's northern port of Tripoli normally would not cause a stir. But it's getting attention because of where it came from: Ukraine's Black Sea port of Odesa.The Razoni, loaded with more...

India freezes assets of Binance-linked WazirX

2022-08-07 00:00:00

MUMBAI, Aug 06 (Reuters): India's financial crime-fighting agency said on Friday it had frozen the assets of WazirX, linked to the world's largest digital currency exchange Binance, as part of its investigation into suspected violation of foreign exchange regulations.The federal...

SABIC drives compliance training business ethics programmes

2022-08-07 00:00:00

RIYADH, Aug 06 (Arab News): Saudi Basic Industries Corp. and anti-bribery firm Trace International have successfully provided compliance training to 4,500 third-party business partners since July last year to advance corporate governance in the organisation.According to SABIC vice president of...

SBC adjudged one of top taxpayers by NBR

2022-08-07 00:00:00

Sadharan Bima Corporation (SBC), the only state-owned non-life insurance and reinsurance company of the country, was adjudged one of top taxpayers by the National Board of Revenue (NBR) in the fiscal year 2021-22. Finance Department General Manager Bibekananda Saha and...

NRB Bank's 9th anniversary

2022-08-07 00:00:00

Mamoon Mahmood Shah, Managing Director & CEO of NRB Bank Limited, along with Md Mukhter Hossain, Adviser, and Md Shakir Amin Chowdhury, Kazi Ahsan Khalil and Md Shaheen Howlader, Deputy Managing Directors, cutting a cake to celebrate the bank's 9th...

A South Korean ship anchored at the Mongla Port

2022-08-07 00:00:00

A South Korean ship anchored at the Mongla Port on Saturday carrying construction materials for the Bangabandhu Railway Bridge. High officials of the port and concerned officials of the ship were present on the occasion — Focus Bangla photo

Asian Paints launches 'Color Next-2022'

FE REPORT | 2022-08-07 00:00:00

Asian Paints Bangladesh on Saturday launched its key move 'Color Next-2022' in line with the current trends in the social and cultural arenas of the country.As part of its flagship initiative, the multinational paint company having offices in 15 countries...

More private sector role in Delta Plan imperative

FE REPORT | 2022-08-07 00:00:00

Speakers at a programme in the city on Saturday stressed the need for ensuring more involvement of the private sector in the Delta Plan-2100 for sustainable achievement.They observed that Delta Plan, forth industrial revolution, artificial intelligence and digital technology should...

FIFA reminds India of looming ban, loss of women's U-17 WC

2022-08-07 00:00:00

World governing body FIFA has reminded India's football association that it risks losing the upcoming Under-17 Women's World Cup and faces a ban due to "deviations" from an agreed roadmap aimed at sorting out governance issues.India's highest court disbanded the...

Clubs forced to adapt as new season starts with World Cup on the horizon

2022-08-07 00:00:00

PARIS, Aug 06 (AFP): The new season that kicks off this weekend in the Premier League and around Europe promises to be like no other with clubs being forced to adapt to the long interruption in November and December for...

ICC hopes to retain all-format players

2022-08-07 00:00:00

The International Cricket Council (ICC) is optimistic of retaining the game's all-format players despite their mounting workload in a busy calendar, chief executive Geoff Allardice said.England talisman Ben Stokes quit the 50-overs format last month, citing an "unsustainable" schedule, while...

Nunez saves Liverpool from opening day defeat

2022-08-07 00:00:00

LONDON, Aug 06 (AFP): Liverpool twice had to come from behind against newly-promoted Fulham to salvage a 2-2 draw in a pulsating start to the Premier League season on Saturday.Aleksandar Mitrovic twice put the impressive hosts ahead, but Darwin Nunez...

New Zealand's Havana Hopman -

2022-08-07 00:00:00

New Zealand's Havana Hopman competes during the clubs final rhythmic gymnastics event at the Arena Birmingham, on day nine of the Commonwealth Games in Birmingham, England, on Saturday — AFP