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

UCB Investment, an example to follow to avoid negative equity

Margin loan is one of the products of UCB Investment Ltd. (UCBIL) but it has successfully avoided negative equity by setting up its own criteria for lending money to its clients for stock investment. The investment bank, which began its journey in January 2021 with a capital of Tk 1...

Aziz Pipes at risk of shutdown

Aziz Pipes has been out of production since May due to a shortage of working capital, with losses piled up in the four years to FY24. Currently, its liability is more than its assets, which is why the auditor said the company is at risk of going out of business....

Trump tariffs could weigh on European growth and inflation, ECB's Cipollone says

FRANKFURT, Dec 3 (Reuters): Import tariffs expected to be implemented by the administration of US President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank board member Piero Cipollone said on Tuesday.Most economists agree that the possible tariffs would impact growth,...

SOUTHEAST BANK OFFERS FINANCIAL SUPPORT TO FARMERS

Southeast Bank, as part of its corporate social responsibility (CSR), extended financial support to farmers in collaboration with an NGO, Rural Development Sangstha. Nuruddin Md. Sadeque Hossain, managing director of the bank, distributed funds to farmers at the bank's head office. Md. Nour Uddin, founder and executive director of the...

MTB HOLDS BM, BAMLCO CONFERENCE 2024

Mutual Trust Bank (MTB) recently arranged Branch Manager (BM) and Branch Anti Money Laundering Compliance Officer Conference to raise awareness about policies against money laundering and financing of terrorism. More than 120 participants were present in-person while 250 participants attended virtually an event organised last month. Executives from the banks...

Rupee drops to all-time low on India growth worries, dollar strength

MUMBAI, Dec 3 (Reuters): The Indian rupee declined to a lifetime low on Tuesday, pressured by the US dollar's rally against its major peers and on concerns over the Asian country's slowing growth rate.The rupee dipped to a record low of 84.7425 against the dollar, inching past its previous all-time...

Indonesia to increase local component requirement for smartphones

JAKARTA, Dec 3 (Reuters): Indonesia plans to increase requirements on local components for smartphones made and sold in the country, its deputy industry minister said on Tuesday, a move aimed at boosting the domestic manufacturing sector.The plan follows Indonesia's banning last month of sales of Apple's, iPhone 16 after it...

Asia and Europe stocks climb on US lead while dollar dips

TOKYO, Dec 3 (Reuters): Asian stocks jumped on Tuesday led by an outperforming tech sector following record highs on Wall Street overnight, while the dollar recovered lost ground against major rivals as traders weighed the outlook for US interest rates.Investors were also monitoring the political turmoil in France as the...