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

Only 11 cos get BSEC approval to go public in eight years

Only 11 companies got the regulatory consent to offload shares in the capital market under book-building method since the introduction of such a price discovery method in 2010.Some 80 companies, meanwhile, went public during the period under the fixed-price method.According to experts and issuers, the approval of the initial public...

DSE market cap sheds Tk 266b in eight months

The market capitalisation of Dhaka Stock Exchange (DSE) declined by about Tk 266 billion in last eight months as investors were on selling binge.The total market cap was Tk 4,228 billion on the opening day of the year, but gradually came down to Tk 3,962 billion on Thursday last, the...

Indo-Bangla Pharma's IPO gets 34 times higher subscription

The initial public offering (IPO) lottery draw of Indo-Bangla Pharmaceuticals will be held on September 11, officials said.The event will be held at 10:30 am at the auditorium of the Institution of Engineers Bangladesh (IEB) in Dhaka.After the lottery draw, the results will be published on the websites of Dhaka...

News Briefs-(3-9-2018)

Trade resumptionGrameen Mutual Fund One: Scheme Two: Trading of the mutual fund units resumes today (Monday) after record date for dividend declaration. With reference to the earlier news disseminated on August 06, 2018 regarding issuance of a stay order by the High Court Division of the Bangladesh Supreme Court on...

'Lehman Weekend': The biggest bankruptcy in American history

WASHINGTON, Sept 02 (AFP): It was "Lehman Weekend." The moment in September 2008 when the 150-year-old investment bank Lehman Brothers collapsed, precipitating the worst global economic crisis since the 1930s.After failing to find buyers for the troubled financial giant, that was weighed down by risky debt holdings made up of...

Danger to oil demand from trade wars may offset price boost from Iran

LONDON, Sept 02 (Reuters): Oil analysts cut their price forecasts for 2018 for the first time in almost a year in August, given growing concern over the impact on crude demand from escalating trade tensions, although falling supply, particularly from Iran, would likely limit losses, a Reuters poll showed on...

Property boosts Dubai, financials hurt Abu Dhabi

DUBAI, Sept 02 (Reuters) - Some of the Gulf's large markets opened lower on Sunday due to concerns about the global economic impact of trade disputes involving the United States, but selective buying in property stocks boosted Dubai.Sentiment among global investors has been dampened by a U.S.-China trade row. Contentious...

Bruised bankers seek consolation prizes after shelved Aramco IPO

Investment banks which lost out on big payouts for the work on the shelved listing of oil giant Aramco are lining up for a raft of other projects as Saudi Arabia pursues reforms, reports Reuters.Banks including JPMorgan and Morgan Stanley worked for months to prepare what would have been the...

US Army Corps stands by permit for Dakota Access oil pipeline

WASHINGTON, Sept 02 (Reuters): The US Army Corps said on Friday that a permit it granted for the Dakota Access Pipeline last year was environmentally sound, handing a setback to tribal and green groups hoping to stop the flow of oil on the pipeline.In June 2017 US District Judge James...

White workers at South Africa's Sasol to go on strike today

JOHANNESBURG, Sept 02 (Reuters): South Africa's mainly white Solidarity union will begin a strike today (Monday) at petrochemicals firm Sasol over a share ownership scheme offered exclusively to black staff.Under black economic empowerment rules, South African companies are required to meet quotas on black ownership, employment and procurement as part...