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Stocks keep rising, shaking off worries

Stocks extended the winning streak for a third straight week, as investors keep buying major sector stocks, shaking off fears about economic uncertainty.All the five trading days this week ended higher, thanks to higher participation of general investors.DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), surged 153.53 points...

News Briefs (2022-09-03)

BRAC Bank signs agreement with Bogura TTCWith a view to providing Agent Banking services, BRAC Bank has recently signed an agreement with Bogura Technical Training Centre (TTC). Under this agreement, the students of Bogura TTC can now pay admission and other fees through BRAC Bank's Agent Banking channel. BRAC Bank...

US equities jump after solid August jobs report

US stocks rose on Friday, cutting losses for the week, as August's jobs report came in about as expected, reports CNBC. The data eased fears that a hotter labour market would give the Federal Reserve leeway to get more aggressive with its rate hikes.The Dow Jones Industrial Average rose 197...

Two cos launch IPOs this month

FE REPORTWith the market situation improving lately, two companies come with their initial public offering (IPOs) this month.The two companies -- Navana Pharmaceuticals and Chartered Life Insurance -- will launch their IPOs for subscription on September 13 and 25 respectively, officials said. Navana Pharmaceuticals will raise Tk 750 million under...

Asia-Pacific markets trade lower

Asia-Pacific shares were mixed on Friday as investors look ahead to the US jobs report for August, a key indicator before the Federal Reserve's next interest rate decision later this month, reports CNBC.South Korea's consumer price index rose slower than expected -- 5.7 per cent in August from the same...

Bangladesh Institute of Bank Management (BIBM) and Germen Development Agency (GIZ) have awarded BRAC Bank for its

Bangladesh Institute of Bank Management (BIBM) and Germen Development Agency (GIZ) have awarded BRAC Bank for its outstanding work in sustainable banking in 2021. BRAC Bank's Deputy Managing Director and Chief Operating Officer Md Sabbir Hossain received the award from Florian Hollen, Head of Development Cooperation, German Embassy, at the...