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

Stocks tumble amid profit taking in fast-rising bank stocks

The benchmark equity index plummeted on Monday, snapping out of the month-long gaining momentum, as cautious investors preferred to bag profits in quick-gaining stocks.Market experts said the correction was due to profit taking in stocks that had experienced substantial price appreciation in recent times, particularly bank stocks, amid improving macroeconomic...

Omar Faruk Khan new MD of Islami Bank

Md. Omar Faruk Khan has been appointed as managing director (MD) of Islami Bank Bangladesh.He previously served as acting managing director at NRB Bank. He joined Islami Bank in 1986 after completing his master's degree in Sociology from Dhaka University. He successfully served for nearly four decades as head of...

Why Chittagong bourse's worth looks better than Dhaka's

The market cap of the Chittagong Stock Exchange (CSE) is higher than that of the main bourse - the Dhaka Stock Exchange (DSE). The CSE does not have a higher number of listed securities, nor does it have more highly valued stocks than the DSE. So, the bourses now offer...

PUBALI BANK DONATES BUS TO SYLHET AGRICULTURAL UNIVERSITY

Pubali Bank's board of directors donated a bus to Sylhet Agricultural University (SAU) as part of corporate social responsibility. Mohammad Ali, managing director & CEO of Pubali Bank, handed over the key to Professor Dr. Md. Alimul Islam, vice-chancellor of SAU, at a function organised at the auditorium of the...

EBL to provide payroll banking solutions to Transcom Electronics, BD Lamps

Eastern Bank will provide comprehensive payroll banking solutions to employees of Transcom Electronics Bangladesh Lamps, including salary accounts, debit and credit cards, personal loans, and access to EBL Skybanking and EBL Connect digital platforms, ensuring a seamless and rewarding banking experience. Khorshed Anowar, Deputy Managing Director and Head of Retail...

BRAC Bank strengthens engagement with remittance recipients

BRAC Bank has recently organised a series of engagement programmes with remittance beneficiaries across the country, according to a statement.The sessions, held in Sunamganj, Brahmanbaria, Narsingdi, Chandpur, Sylhet and Cumilla, were part of the bank's ongoing efforts to promote its Probashi Banking services. These initiatives are aimed at educating beneficiaries...

SOUTH ASIA INSURANCE HOLDS HALF-YEARLY BUSINESS CONFERENCE

Half-Yearly Business Conference-2025 of South Asia Insurance Company Limited was held at the company's head office in Dhaka recently. Managing Director & CEO Muhammad Nurul Alam Chowdhury presided over the event. The program was moderated by Assistant Managing Director and Secretary Md Abdur Razzaque.

Global stocks rise as investors cling to hopes for US rate cuts

SYDNEY/LONDON, Aug 4 (Reuters): Global stocks rose on Monday, boosted by the prospect of lower interest rates, after a weak US jobs report prompted a dramatic re-assessment of the rate outlook and ignited concern over the reliability of US economic data.Friday's US July nonfarm payrolls report missed expectations and revised...

Tesla approves share award worth $29 billion to CEO Elon Musk

Tesla has granted CEO Elon Musk 96 million shares worth about $29 billion, a move aimed at keeping the billionaire entrepreneur at the helm as he fights a court ruling that voided his original pay deal for being unfair to shareholders, reports Reuters.In 2024, a Delaware court voided Musk's 2018...