Finance News: Latest Financial News, Finance News today in Bangladesh

Budgetary support needed to turn stock market around: DSE, CSE chiefs

The stock market has the potential to become the main driving force of the economy but it could not be taken advantage of in absence of proper policies, said the chief of the Dhaka Stock Exchange (DSE). "If we get policy support from the government," the capital market will become...

Block trade helps DSE turnover exceed Tk 12b

The daily turnover on the Dhaka Stock Exchange (DSE) exceeded Tk 12 billion for the first time in seven months in the maiden post-budget session on Sunday, backed by block transactions.Although there is no new incentive for the market in the proposed budget for FY24, unveiled by Finance Minister AHM...

10th anniversary of Modhumoti Bank celebrated

The 10th anniversary of Modhumoti Bank Limited was celebrated on Sunday at the bank's head office, Gulshan in the capital. Humayun Kabir, chairman of the board of directors of Modhumoti Bank, Md. Shafiul Azam, managing director & chief executive officer of the bank, and Barrister Sheikh Fazle Noor Taposh, chairman...

Mercantile Bank unveils Global Debit Card marking 24th anniv

Mercantile Bank Limited organised a press conference on Sunday on the occasion of its 24th anniversary, and unveiled a new card, the Global Debit Card, for its customers. This card can be used both domestically and internationally to make purchases and withdraw cash.The bank's Chairman Morshed Alam MP joined the...

Export Import Bank of Bangladesh inaugurated a sub-branch

Export Import Bank of Bangladesh Limited inaugurated a sub-branch on the Gulshan-Tezgaon Link Road (Biruttam Mir Shaukat Ali Road) in the capital, adjacent to NASA Group's head office. Chairman of the bank Md. Nazrul Islam Mazumder inaugurated the sub-branch under Head Office Corporate branch as the chief guest while Managing...

Pubali Bank inaugurated 501st branch at ECB Chattar

Pubali Bank Limited has inaugurated its 501st branch at ECB Chattar, Cantonment in the capital on Sunday. Mohammad Ali, managing director & CEO of Pubali Bank, formally inaugurated the branch as the chief guest. Mohammad Esha, deputy managing director, was present at the event.

Japan's Nikkei closes at 32-year high as US default fears ease

TOKYO, June 4 (Reuters): Japanese stocks rose on Friday, with the benchmark Nikkei index closing at a three-decade high, after US lawmakers voted to raise the debt limit and on signs central bankers are in no hurry to tighten the monetary policy.SoftBank Group Corp rose 4.3 per cent amid speculation...

Tech shares see biggest-ever weekly inflow on AI boom, Bank of America says

LONDON, June 4 (Reuters): Technology equity funds saw their biggest weekly inflows on record in the week to Wednesday, according to BofA Global Research data released on Friday, part of a surge of investor interest in artificial intelligenceTech stocks saw $8.5 billion of inflows in the week, BoFa said, citing...

TSX notches biggest gain since November in broad-based rally

Canada's main stock index posted on Friday its biggest gain in seven months as the passing of the US debt ceiling bill boosted investor sentiment, with energy and financial shares among the biggest winners in a broad-based rally, reports Reuters.The Toronto Stock Exchange's S&P/TSX composite index ended up 352.38 points,...