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

Defunct on ground, alive on bourses: Why delisting is urgent

Meghna Pet Industries' existence has long been reduced to a name on paper. It has been out of business for more than 23 years, has failed to declare dividends for years, and has not held annual general meetings for more than a decade.The company meets all the conditions for delisting....

Hassan O. Rashid to join EBL

Seasoned banker Hassan O. Rashid has resigned as Chief Executive Officer of Prime Bank PLC and plans to join Eastern Bank Limited (EBL) as its top executive, subject to regulatory clearance.The move marks a return to EBL for Mr Rashid, who previously served the bank in senior leadership roles before...

Cloths “R” Us signs deal with Fitfamz, Guardian Life to boost employee healthcare

Cloths “R” Us Ltd, a Dhaka-based sustainable apparel manufacturer, on Sunday signed a memorandum of understanding (MoU) with Fitfamz and Guardian Life Insurance Limited to provide comprehensive healthcare benefits for its employees.Under the agreement, employees of Cloths “R” Us Ltd will receive structured medical coverage aimed at enhancing employee wellbeing...

MTB INKS DEAL WITH T.K. GROUP TO PROVIDE CASH MANAGEMENT SOLUTION

Mutual Trust Bank (MTB) recently signed an agreement with T.K. Group at a ceremony at the bank's corporate head office in Gulshan, Dhaka to provide the latter with cash management services. Under this arrangement, T.K. Group will be able to process and manage all types of transactions and distributor collections...

BRAC BANK OPENS SUB-BRANCH IN DHAKA'S MONIPURI PARA

BRAC Bank has inaugurated a new sub-branch at Monipuri Para in Dhaka, taking the bank's total number of sub-branches to 116. Tareq Refat Ullah Khan, managing director and CEO of BRAC Bank, formally inaugurated the sub-branch at JDPC Bhaban, 145, Monipuripara, Tejgaon in Dhaka on February 9. Sheikh Mohammad Ashfaque,...

SpaceX considering dual-class shares in IPO

Elon Musk's SpaceX is considering a dual-class share structure in its planned IPO this year, Bloomberg News reported on Friday, citing people familiar with the matter, reports Reuters.The space firm, which acquired Musk's artificial-intelligence startup xAI, is planning a blockbuster public offering this year that could value it at over...

Walmart, economic data await investors confronting AI 'whack-a-mole'

NEW YORK, Feb 15 (Reuters): US stock investors will be on guard next week for further volatility induced by fears of artificial intelligence disruption as they also assess the durability of a rotation beneath the market's surface, along with upcoming earnings from Walmart and fresh economic data.The benchmark S&P 500...

FTSE 100 marks third-straight week of gains, shaking off global woes

Britain's FTSE 100 locked in a third straight week of gains on Friday, as corporate takeovers and expectations of monetary policy easing helped counter global concerns about AI's disruptive potential on a swathe of industries, reports Reuters.The blue?chip FTSE 100 rose 0.4 per cent, hovering below record highs touched on...

Companies trim, delay IPOs in 2026 as volatility tests valuations

Several companies have downsized or postponed their US initial public offerings in 2026, as market volatility, valuation scrutiny and weak peer performance weighed on the new listings pipeline, reports Reuters.Goldman Sachs analysts said earlier this month that they expect the number of IPOs to double to 120 this year, but...

Alphabet bonds' lack of guardrails highlights investor confidence

Alphabet Inc's global bond sale this week underscored the high level of investor demand for the major AI hyperscalers, but raised concerns about the debt's lack of protections for existing and future bondholders, reports Reuters.Google parent Alphabet raised $31.51 billion across US dollar, sterling and Swiss franc bond markets in...