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

Stocks extend losses for third week

Equity benchmark index lost more ground, extending the losing streak for a third consecutive week, as investor sentiment remains downbeat amid ongoing push for market reforms.Majority of the securities experienced price appreciation this week, but mixed performance of large-cap stocks led to volatility on Dhaka Stock Exchange (DSE), driving the...

BRAC BANK BRANCH NETWORK POSTS RECORD DEPOSIT GROWTH

BRAC Bank's branch network achieved a net deposit growth of Tk 20 billion in September 2024, marking the highest single-month deposit growth of any branch network in Bangladesh. This milestone reflects the bank's increasing customer confidence, strong engagement, and robust relationships. The bank celebrated this achievement with a ceremony at...

PRIME BANK PARTNERS WITH HOTEL RAMADA

Prime Bank PLC, a leading financial institution committed to innovation and customer-centric financial solutions, has partnered with Hotel Ramada by Wyndham Cox's Bazar. Under this agreement, Prime Bank customers will get exciting offer from the hotel. Md Nazeem A Choudhury, Deputy Managing Director of Prime Bank, and Chevan Gooneratne, General...

BlackRock's assets hit record $11.5t on market rally

BlackRock's assets under management hit a record high for the third straight quarter on Friday, helped by surging inflows to the company's exchange-traded funds and a searing equity rally that boosted the value of its clients' investments, reports Reuters.Stock markets overcame an August sell-off and broadened their rally in the...

Global money market funds draw inflows for third week

Global investors made large investments in money market funds in the week to October 9 driven by a push back in Federal Reserve rate cut expectations and caution over the Middle East conflict, reports Reuters.Investors also channelised capital into liquid money market funds as they awaited a much-anticipated update on...

S&P 500, Dow rise on boost from big bank earnings

The S&P 500 rose and the Dow hit a record high on Friday, driven by gains in major banks following third-quarter results, while mixed producer price data backed expectations for a rate cut by the Federal Reserve in November, reports Reuters.However, the tech-heavy Nasdaq lagged due to an 8.1 per...

Asia markets fall _

China stocks led declines in Asia-Pacific markets on Friday, after key Wall Street benchmarks fell overnight as investors digested a sticky US inflation data, reports CNBC.Mainland China's CSI 300 blue chip index declined 2.77 per cent to settle at 3,887.17, ending the week 3.25 per cent lower, as a stimulus-fueled...