Stocks rebound as election schedule boosts market sentiment
The benchmark equity index of Dhaka bourse ended higher this week, paring half of the losses from the previous week, as the announcement of the national election schedule fuelled optimism in the market.Market analysts noted that the political developments surrounding the upcoming elections offered a welcome relief to the otherwise...
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Global equity funds draw largest weekly inflow in five weeks
Global equity funds attracted significant inflows in the week to December 10 as investors positioned for a potential Federal Reserve rate cut, despite lingering concerns over stretched tech valuations and heavy AI-related spending, reports Reuters.Investors acquired global equity funds of a net $12.9 billion, the highest for a week since...
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Musk signals plan to launch SpaceX IPO
Elon Musk has signalled plans to soon seek a public stock listing of SpaceX, confirming a report that links the strategic shift to a near-term need for more capital, reports Reuters.Musk, who is also the CEO of Tesla among other ventures, described as "accurate" a report in online publication Ars...
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JAMUNA BANK SIGNS REMITTANCE DRAWING AGREEMENT WITH HORIZON REMIT
Jamuna Bank PLC has recently entered into a foreign remittance drawing agreement with Horizon Remit in Malaysia, marking a significant milestone in strengthening its global remittance network. Under this strategic agreement, Horizon Remit will actively promote Jamuna Bank's account-opening services and Wage Earners' Remittance Bonds among Bangladeshi expatriates residing in...
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Indian bond logs biggest weekly fall in 4 months
MUMBAI, Dec 12 (Reuters): India's benchmark government bond posted its biggest weekly fall in nearly four months, as traders trimmed positions amid supply worries and declining prospects of further interest rate cuts by the Reserve Bank of India.The benchmark 10-year yield settled at 6.5931% after ending at 6.5832% on Thursday....
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Asia-Pacific markets trade higher
Asia-Pacific markets traded higher Friday, tracking Wall Street gains after two key benchmarks hit new records on the heels of the recent Federal Reserve decision to cut rates, reports CNBC.The US central bank on Wednesday lowered its key overnight borrowing rate by a quarter percentage point, putting it in a...
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