Stocks retreat as new year brings no cheer for investors
The equity benchmark index ended the first trading week in the new year with losses, as investors grappled with new worries about potential economic setbacks due to proposed VAT hikes, which finally came into effect on the last day of the week.Also, prolonged absence of positive cues made investors hesitant...
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Khan Brothers' stock soars despite poor performance
The stock price of Khan Brothers PP Woven Bag Industries Ltd has kept soaring on the Dhaka Stock Exchange (DSE), despite there being no clear reason for investors to show strong interest in the stock.The company is currently facing a severe working capital crisis, which has forced it to rely...
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Global money market funds draw huge inflows on Trump tariff fears
Investors piled into global money market funds in the week through January 8, spurred by concerns over potential tariff increases with the upcoming change in the US administration and caution ahead of a critical jobs report that could reshape expectations for Federal Reserve rate cuts, reports Reuters.According to LSEG Lipper...
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US stocks drop, dollar up after jobs data dashes rate expectations
LONDON, Jan 10 (Reuters): The dollar rallied, while US stocks fell sharply on Friday after data showed the US economy created far more jobs in December than expected, reinforcing the belief among investors that US interest rates may not fall much this year.The Labour Department said nonfarm payrolls rose by...
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