Budgetary hopes keep stocks afloat
Stocks extended the gaining streak for a second straight week to Thursday as bargain hunters put fresh bets on selective issues, with an eye on the national budget.Finance Minister AHM Mustafa Kamal on Thursday unveiled a budget of Tk 6.78 trillion for the Fiscal Year (FY) 2022-2023.This week saw five...
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Beijing gives initial nod to revive Ant IPO after crackdown cools
HONG KONG, June 10 (Reuters): China's central leadership has given billionaire Jack Ma's Ant Group a tentative green light to revive its initial public offering (IPO), two sources with knowledge of the matter said, in the clearest sign yet Beijing is easing its crackdown on the tech sector.Ant, an affiliate...
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Global bond funds see weekly outflows on inflation worries
Global investors resumed selling bond funds in the week to June 8, after purchasing them in the previous week, as strong employment numbers in the United States and soaring European inflation rekindled fears of aggressive monetary tightening by major central banks, reports Reuters.Investors pulled $9.46 billion out of global bond...
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Asian markets down but China stocks gain
Most Asian markets fell on Friday, unnerved by the return of Covid restrictions in Shanghai after new infections were reported, while millions in the city face mass testing over the weekend, report agencies.But China stocks rose on Friday, ending their strongest week in nearly 16 months on a surge of...
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News Briefs (2022-06-11)
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 84,718,094.90 on the basis of cost price and Tk 98,386,488.79 on the basis of market price at the close of the operations...
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