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

Fighting against corruption first priority: Masrur Reaz

Ensuring good governance in the country's capital market is the first priority of newly-appointed Chairman of the securities regulator Dr. M Masrur Reaz."The revolution done by the youths paved the way for ensuring good governance in the market," said Mr Reaz in a telephonic interview with The FE immediately after...

Stocks slide but high turnover shows promise

Stocks endured erosion for the second consecutive day on Tuesday as risk-averse investors preferred to bag profits on quick-gaining shares.The market opened sharply lower and the downturn persisted throughout the session as sellers continued their dominance to realize their recent gains in apprehension of a probable shift in market momentum.The...

BRAC Bank, VisionSpring to collaborate to provide eye care to workers

BRAC Bank recently signed a partnership agreement with VisionSpring to extend complimentary eye care through 'Aporajeyo Ami,' the bank's flagship corporate social responsibility initiative dedicated to healthcare.By collaborating with the US-based social enterprise, BRAC Bank aims to screen the vision of 15,000 factory workers from its corporate and emerging corporate...

LankaBangla Finance's profit plunges as provision soars

LankaBangla Finance showed a 74 per cent year-on-year decline in profit to Tk 25.77 million in the second quarter through June this year as its provision soared by a whopping 1,200 per cent.According to its financial statements, it had kept Tk 24.05 million as provision against non-performing loans and unrealised...

BANK ASIA REWARDS GULSHAN SOCIETY WITH TK 1 MILLION UNDER CSR

Bank Asia PLC, as part of its corporate social responsibility, encouraged Gulshan Society with Tk 1 million for cleaning and desilting Gulshan Lake. Mr. Sohail RK Hussain, the managing director of Bank Asia, handed over the cheque to Barrister Omar Sadat, president of Gulshan Society at the Bank Asia Tower,...

What is the Chinese yuan carry trade and how is it different from the yen's?

SHANGHAI/HONG KONG, Aug 13 (Reuters): A global markets sell-off spurred by an unwinding of yen-funded carry trades has turned the spotlight on China's yuan, which is also used widely as a cheap funding currency.While August has seen the yuan rise sharply by 2 per cent against the dollar, traders say...

How China is trying to cool a runaway bond rally

SHANGHAI, Aug 13 (Reuters): China's long-dated sovereign bonds have surged as investors seek safety from a slowing economy and volatile stock markets.The rally has pushed yields to record lows, however, and authorities have grown uncomfortable and are starting to push back.Below are some of the measures the authorities have taken...