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

Stocks snap two-week losing streak as small-caps reap big gains

Stocks bounced back in the outgoing week from a two-week losing streak, as bargain hunters put funds on selective small-cap shares, hoping to reap short-term gains.The investors continued to target low-cap stocks as many such companies, including Deshbandhu Polymer, Sonali Aansh Industries, Emerald Oil Industries, National Tea Company, Central Pharma,...

Doreen Power's profit slumps to 7-yr low

Doreen Power Generations and Systems saw its lowest profit in seven years as the sharp devaluation of local currency against the US dollar squeezed margins.The power generation company made a consolidated profit of Tk 645 million in FY23, the lowest level since FY17 when it made a Tk 727 million...

PBIL launches PrimeInvest

Prime Bank Investment Limited (PBIL), a fully-fledged investment bank and a wholly-owned subsidiary of Prime Bank Limited, has launched PrimeInvest, a comprehensive discretionary product suite aiming to ease access to investment for individual and institutional investors, says a press release. CQK Mustaq Ahmed, Chairman of PBIL, along with Syed M...

Exim Bank signed participation agreement with Bangladesh Bank

Exim Bank has recently signed a participation agreement with the Financial Sector Support and Strategic Planning Department (FSSSPD) of Bangladesh Bank for availing refinances facility in US dollar. Managing Director and CEO of Exim Bank Mohammad Feroz Hossain and the Director of FSSSPD Liza Fahmida signed the agreement in presence...

Asia-Pacific markets slide

Asia-Pacific markets fell on Friday, with Hong Kong stocks leading the losses, as investors digest China's inflation and trade data for September, reports CNBC.China's consumer price index for September came in flat, lower than a 0.2 per cent climb which analysts polled by Reuters expected. China also reported a 2.5...

Global equity funds see huge outflows

Global equity funds observed huge outflows in the week to Oct. 11 on worries over higher interest rates and heightened geopolitical tensions in the Middle East, reports Reuters.Investors also showed caution in anticipation of a key report on U.S. inflation, leading to a net disposal of $8.93 billion in global...