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

DSEX hits nearly four-month high

Stocks extended their winning streak for a fourth straight week, with the benchmark equity index hitting a nearly four-month high, as investors renewed their appetite for selective large-cap stocks amid high optimism ahead of the dividend season.Of the five trading days this week, the first two days saw the market...

Ten firms account for 34pc of weekly DSE transactions

Ten most-traded firms accounted for 34 per cent of transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Beximco maintaining its dominance on the turnover list for the ninth straight week.Beximco, the flagship company of Beximco Group, continued to top the turnover chart as investors were active...

IFIC Bank gets new DMD -

Gitanka D Datta has recently joined IFIC Bank Limited as its Deputy Managing Director and Chief Business Officer (SME & Retail). Prior to joining IFIC Bank, Mr Datta has spent over 27 years of his career with ANZ Grindlays Bank, Standard Chartered Bank, Mastercard Bangladesh and HSBC Bangladesh. He started...

China carmaker Leapmotor seen shelving $1.5b IPO

Chinese carmaker Leapmotor's plan for a $1.5-billion initial public offering in Hong Kong has been shelved, sources say, reports asiafinancial.com.The group, formally known as Zhejiang Leapmotor Technology, have suspended the move because of lukewarm investor interest amid China's economic slowdown, two sources said.Bankers and advisers had hoped a deal of...

Awareness Drive:

IFIC Bank Limited organised an awareness programme on 'Prevention of Money Laundering & Combating Financing of Terrorism' for its senior management team recently. ABM Zahurul Huda, Director of Bangladesh Financial Intelligence Unit (BFIU), was present as the chief guest. Shah A Sarwar, Managing Director & CEO of the bank, inaugurated...

News Briefs (2022-09-10)

CAPM declares Unit Fund NAVCAPM Company Limited has declared the Net Asset Value (NAV) of CAPM Unit Fund. The total NAV of CAPM Unit Fund stood at Tk 153,978,000.66 on the basis of cost price and Tk 172,896,100.02 on the basis of market price at the close of the operations...

Asia markets end higher

Markets in Asia-Pacific rose Friday as investors digested Federal Reserve Chair Jerome Powell's latest comments as he vowed to raise rates to tackle inflation "until the job is done," reports CNBC.In Japan, the Nikkei 225 gained 0.53% to close at 28,214.75 and the Topix ticked up 0.4% to 1,965.53. In...

T-Mobile announces $14b share buyback

Wireless carrier T-Mobile US Inc on Thursday announced a $14 billion share buyback programme that will run till September next year, as it seeks to reward shareholders after faring better than rivals, reports Reuters.Its shares advanced 2.8 per cent to $149.47 in aftermarket trading. The stock has jumped 25.3 per...