Stocks rebound as tensions ease within BSEC
The benchmark equity index rebounded this week, as investors' interest in select stocks with short-term growth potential fuelled a market recovery following the resolution of a standoff at the Bangladesh Securities and Exchange Commission (BSEC).The last week's four-day stalemate at the BSEC ended earlier this week as protesting employees called...
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Global equity funds see declining demand on trade tensions
Global equity funds saw weaker demand in the week through March 12, amid a global stock sell-off driven by concerns over US tariffs and its escalating trade wars, reports Reuters.Investors put just $3.21 billion into global equity funds for the week, sharply down from an average weekly inflow of $11.6...
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BRAC BANK AND BSRM GROUP SIGN PARTNERSHIP AGREEMENT
BRAC Bank has signed a strategic partnership agreement with BSRM Group to help enhance business growth of the leading corporate conglomerate with exclusive banking services. Under the agreement, BSRM Group will leverage BRAC Bank's extensive distribution network and customised corporate and institutional banking. Aameir Ali Hussain, Managing Director of BSRM...
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Chinese stocks close at three-month high, leading gains in Asia
Asia-Pacific markets mostly rose on Friday despite a plunge in all three benchmarks in the US over the previous session amid concern about President Donald Trump's tariff plans, reports CNBC.Mainland China's CSI 300 led gains in Asia, rising 2.43 per cent to end the day at a three-month high of...
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US yields rise as tariffs spur inflation fears
US Treasury yields rose on Friday on concerns over the potentially inflationary impact of tariffs as trade wars between the US and its trading partners escalate, while a stock market recovery reduced safe-haven demand for US government debt, reports Reuters.Market participants are grappling with uncertainty over how many of President...
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BMW's 2004 profits plunge 37pc
BERLIN, March 14 (AFP): German premium carmaker BMW warned Friday of continued challenges in 2025 from trade tensions and weak demand in China after reporting a plunge in profits last year.For 2024, the group's net profit fell 37 per cent to 7.7 billion euros ($8.3 billion) while revenues were down...
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