Stocks rally for third week on buying binge
The benchmark index of Dhaka Stock Exchange (DSE) climbed past the 5,600-point mark this week for the first time in over a year, as investors' buying binge buoyed the equity market despite worries over political uncertainties.The index rallied for the third straight week as investors, particularly high-net-worth individuals, intensified their...
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BRAC Bank extends financing to two ocean-going oil tankers for MJL
BRAC Bank has extended landmark financing to MJL Bangladesh PLC for the acquisition of two ocean-going 'Aframax' oil tankers -- the largest vessels registered under the Bangladeshi flag to date.This transaction represents the largest single-ticket foreign currency (FCY) offshore banking term loan ever arranged by a local private bank in...
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Global equity fund inflows jump on rate cut hopes
Global equity funds drew their biggest weekly inflows in three weeks in the period to September 3, lifted by growing expectations of a Federal Reserve rate cut this month and a favorable antitrust ruling for Alphabet that buoyed sentiment, reports Reuters.Investors poured a net $10.65 billion into global equity funds,...
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SHAHJALAL ISLAMI BANK'S TRAINING COURSE FOR NEW OFFICERS
Shahjalal Islami Bank's Training Academy organised a two-day induction training course for 50 newly appointed officers of the bank at its Training Academy. Managing Director of the bank Mosleh Uddin Ahmed inaugurated the training course as the chief guest on Wednesday. The session was chaired by A. K. M.Hasan Rahim,...
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Euro zone bond yields lag US Treasuries
Euro zone government bond yields lagged behind US Treasuries, which dropped sharply after data releases on Friday, sending the spread between German and US borrowing costs to its lowest level since early April, reports Reuters.US job growth weakened in August while the unemployment rate increased, confirming that labour market conditions...
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