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

Finance minister promises professional, politics-free securities commission

The entire commission of the securities regulator will be replaced within two weeks by non-political professionals with adequate knowledge of the capital market, the finance minister said.The changes in the regulatory body, along with legal reforms, will help make the market vibrant, he said on Tuesday at a seminar organised...

Auditors flag financial breaches at non-life insurers

Auditors have exposed a series of financial reporting irregularities, regulatory breaches, and governance weaknesses at several listed general insurers, raising fresh concerns over transparency and compliance standards in the country's insurance sector.They revealed issues ranging from potentially impaired bank deposits and overstated investment values to excessive management expenses, unverified balances,...

Dhaka stocks climb for 7th straight session on large-cap appetite

Dhaka's capital market extended its winning streak to a seventh consecutive session on Tuesday - a run that began before the Eid vacation - driven by sustained buying in large-cap stocks as investor confidence in near-term prospects remained firm.Political pledges toward capital market development and the prospect of easing geopolitical...

GP appoints Andreas Høgberg as CSTO

Grameenphone has appointed Andreas Høgberg as its Chief Strategy and Transformation Officer (CSTO), reports BSS.In the new role, Høgberg will lead the company's strategic transformation agenda and oversee the execution of its five-year strategy, said a press release today.His responsibilities include driving innovation, setting strategic priorities, and steering organizational transformation...

MERCANTILE BANK CELEBRATES 27TH FOUNDING ANNIVERSARY

Mercantile Bank celebrated its 27th anniversary at its head office on Tuesday. Al-Haj Akram Hossain (Humayun), the bank's vice chairman, inaugurated the programme by cutting a cake as chief guest with directors and senior executives of the bank. Mati Ul Hasan, managing director, delivered his welcome speech on the occasion....

MTB FOUNDATION CELEBRATES PROJECT COMPLETION OF FIRST MUSTI BATCH

MTB Foundation recently celebrated the successful graduation of the first batch of MTB UCEP Skills Training Institute (MUSTI), the flagship project of MTB Foundation, by distributing certificates to the graduates who successfully completed the six-month industry-relevant skills training accredited by National Skills Development Authority. MUSTI aims to provide skills training...

BANGLADESH NATIONAL INSURANCE OBSERVES 30TH FOUNDING ANNIVERSARY

The 30th founding anniversary of Bangladesh National Insurance Company Limited was held at the company's head office as well as all branch offices on Monday. Director Taif Bin Yousuf was present as the chief guest at the event, along with all officers and employees, including the heads of each department...

ONE Bank signs agreements with Bangladesh Bank

ONE Bank PLC has recently signed two new major agreements with Bangladesh Bank (BB) under BDT 30.00 billion Cluster Financing Scheme and BDT 15.00 billion Financial Sector Fund for the Development of Micro, Small and Medium Enterprises (FSFDMSME). Nurun Nahar, Deputy Governor, BB, was present as the chief guest. Nawshad...

ICB MARKS DEATH ANNIVERSARY OF SHAHEED PRESIDENT ZIAUR RAHMAN

On the occasion of the 45th death anniversary of Shaheed President Ziaur Rahman, Investment Corporation of Bangladesh (ICB) held a doa & milad mahfil at its head office in Dhaka on Tuesday to pay deep tribute and pray for the eternal peace of the departed soul. ICB Chairman Professor Abu...

SEC, Elon Musk defend 'compromise' settlement over Twitter purchases

Elon Musk and the US Securities and Exchange Commission defended their settlement over his purchase of Twitter shares, saying it reflected compromises and was not tainted by collusion, after the judge overseeing the case said the accord raised "red flags", reports Reuters.Musk called the settlement a fair, adequate and reasonable...

Global stocks bounce as AI optimism offsets Middle East anxiety

LONDON, June 2 (Reuters): Global stocks rallied on Tuesday, buoyed by fresh AI optimism after Anthropic moved towards a US stock market listing, while oil prices and bond yields fell on renewed hopes of a US-Iran deal.Brent crude futures dropped more than 1 per cent to $94 a barrel, paring...

Marvell shares touch record high after Nvidia's Huang calls it 'next trillion-dollar company'

Marvell Technology's shares surged more than 25 per cent on Tuesday after Nvidia's CEO Jensen Huang called the chipmaker the next "trillion-dollar company", reports ReutersHuang and Marvell CEO Matt Murphy, opens new tab were speaking at the Computex week in Taipei on Tuesday.Marvell's shares were last up 22.5 per cent...