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

Leading NBFIs see higher EPS in H1

The country's leading listed non-banking financial institutions (NBFIs) bagged higher profits in the first half (H1) of 2021 thanks to lower cost of funds, suspension of loan classification and capital gains through investment in share market.The earnings per share (EPS) of all seven NBFIs, which published unaudited financial reports as...

Bangladesh holds hidden gems for investors, says HSBC

Fifty years after its independence, Bangladesh has grown into one of Asia's fastest growing economy with a very exciting long-term demographic story. With this backdrop, "The Bangladesh stock market deserves more attention as it holds opportunities for investors looking for diversification and 'hidden gems'", Devendra Joshi, ASEAN and Frontier Markets...

Five cos' stocks keep rising sans PSI

Five listed companies' stocks are witnessing unusual price hike and increase in volume of shares in recent weeks despite no undisclosed price sensitive information (PSI).The companies are Sonali Paper & Board Mills, Beacon Pharmaceuticals, AFC Agro Biotech, Active Fine Chemicals and Central Pharmaceuticals.These companies share price rose between 30 per...

Nine private banks join BRAC's support campaign for pandemic-hit people

Nine private banks have joined BRAC to strengthen its public awareness and emergency support campaign across Bangladesh amid the new waves of Covid-19 pandemic. Under a recent instruction issued by the Bangladesh Bank to launch special corporate social responsibility (CSR) activity for the pandemic affected people, these banks are collaborating...

PRAN-RFL gives protective equipment to DRU

PRAN-RFL Group, one of the leading business conglomerates of the country, has given protective equipment to the Dhaka Reporters Unity (DRU) for its members. Kamruzzaman Kamal, Marketing Director at PRAN-RFL Group, handed over the protective equipment at DRU office in the city on Wednesday. Morsalin Nomani, President and Moshiur Rahman...

Ladbrokes owner shares hit record high

Shares of Entain, which rejected a takeover offer from MGM Resorts this year, jumped to a record high on Wednesday after a $4.4 billion asset sale by the U.S. casino group prompted bets of a renewed bid for the British bookmaker, reports Reuters.Entain, which owns the Ladbrokes and Coral brands,...

GE's HA gas turbine fleet achieves 50 customers and one million operating hours

GE on Wednesday celebrated its record-setting H-Class heavy duty gas turbine fleet-the fastest growing fleet in its class-has secured more than 50 customers across 20 countries, generated more than 26 gigawatts (GW) of power, and accumulated more than 1,000,000 commercial operating hours. Since the launch of its flagship HA gas...

World shares ride earnings to fresh high

LONDON, Aug 4 (Reuters): Global shares were driven by strong earnings to a record high on Wednesday, while the dollar and Treasury yields languished waiting for US employment data to provide clues about the pace of monetary tightening in the world's biggest economy.US stock futures pointed to a quiet open...

Indian shares close at record highs -

BENGALURU, Aug 4 : Indian shares closed higher on Wednesday, led by financial and banking stocks, while State Bank of India surged to an all-time high after the country's largest lender by assets reported a record quarterly profit. The NSE Nifty 50 index ended 0.79 per cent higher at 16,258.80...

Euro zone bond yields hover near recent lows

LONDON, Aug 4 : Euro zone government bond yields hovered near recent lows on Wednesday in a quiet start to the European day as traders waited for direction from the US Treasury market and ahead of key jobs data later in the week. The 10-year German bond yield was down...

Govt set to miss food grain purchase target

As only a couple of weeks are left, the government is set to miss its food grain procurement target for Boro season, posing a challenge to build-up of its overall official food stock.The government had been able to buy 1.23 million tonnes of staple grains until August 01 against the...

Rupali Ins AGM approves 10pc dividend

The 33rd annual general meeting (AGM) of Rupali Insurance Company Limited was held virtually on Tuesday, says a statement. Mostafa Golam Quddus, chairman of the company, presided over the meeting at the Imperial Convention Centre in the city. A large number of shareholders joined the meeting. They unanimously approved 10...

Hugo Boss aims to double sales to $4.75b by 2025

BERLIN, Aug 4 (Reuters): The new chief executive of German fashion house Hugo Boss (BOSSn.DE) set an ambitious target on Wednesday to double sales to 4 billion euros ($4.75 billion) and improve the operating profit margin to 12 per cent of sales by 2025.Hugo Boss, which has been hit hard...