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

Foreign investors to purchase shares worth $100m of United Mymensingh Power

United Power Generation & Distribution Company Limited and its major shareholder United Mymensingh Power Limited ("UMPL") executed an agreement with an international private equity group for an investment of BDT 8.5 billion (approximately US$100 million). The investors will purchase existing shares from UMPL. The share sales will be by way...

DSE turnover hits two-month high

The turnover on Dhaka Stock Exchange (DSE) crossed Tk 5.0 billion-mark on Tuesday again as investors put fresh stakes on stocks amid post-Eid expectation.Turnover, a crucial indicator of the market, stood at Tk 5.68 billion on the country's premier bourse, climbing further by 19 per cent over previous day's mark...

Global stocks feel relief as China de-escalates currency spat

LONDON, Aug 6 (AFP): Global stock markets breathed a sigh of relief on Tuesday after Beijing appeared to de-escalate a conflict with the US over the level of its currency.Equities had tumbled Monday, with the biggest losses seen on Wall Street -- in what analyst Fawad Razaqzada at Forex.com called...

News Briefs (07-08-2019)

Investors 'should not stage demonstrations'The country's premier bourse has urged investors to refrain from staging demonstrations following the price fall of listed securities as ups and downs of the capital market are common 'phenomenon' across the world. It has also requested 'some' media to play market supportive role by publishing...

Launching ceremony of three new retail scheme deposit products

Md. Arfan Ali, President & Managing Director of Bank Asia, DMDs, senior executives of the Bank, seen at the launching ceremony of three new retail scheme deposit products: Aanchal for women, Nirvabana for senior citizens and Vramon for travellers, aimed to provide specialized service to customers. The first customer of...

MTB opened first banking booth at Kalir Bazar

Mutual Trust Bank Limited (MTB) has recently opened its first banking booth at Kalir Bazar, Cumilla. Tarek Reaz Khan, Deputy Managing Director of MTB, inaugurated the new booth along with Md. Abdul Hai Bablu, Director, Ansar-VDP Unnayan Bank and Vice Chairman, Cumilla Sadar South Upazila, Cumilla through a simple inauguration...

Sensex, Nifty rebound

The S&P BSE Sensex and NSE Nifty 50 Indexes rebounded on Tuesday from Monday's sharp selloff and defied weak trend in global markets after Finance Minister Nirmala Sitharaman on Monday said government will soon hold discussions with representatives of foreign portfolio investors, amid continuing overseas fund outflow from the markets...

6th anniversary of NRB Bank

Md. Mehmood Hussain, Managing Director & CEO of NRB Bank Limited, cutting a cake to celebrate the Bank's 6th anniversary in a function held at Corporate Head Office, Dhaka recently

AGM of Bangladesh Steel Manufacturer's Association

The Annual General Meeting (2019) of Bangladesh Steel Manufacturer's Association (BSMA) was held recently at capital's Pan Pacific Sonargaon hotel. The AGM greeted Md Shahid Ullah, Managing Director of Metrocem Group who was reelected as the Secretary-General for the next two years. Metrocem Group congratulated the newly elected President, Secretary-General,...