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

Stocks extend losing streak to seven days amid sell-offs

Stocks extended their losing streak for the seventh straight session on Monday as investors, worried and anxious, continued selling their holdings to stave off further losses.DSEX, the prime index of the DSE, plunged 88 points or 1.70 per cent to settle at 5,091. It wiped out a total of 289...

Sea Pearl Beach makes trading debut today

Sea Pearl Beach Resort & Spa Ltd. makes its share trading debut under 'N' category on both the bourses today (Tuesday), officials said.The Sea Pearl Beach, the owner of "Royal Tulip Sea Pearl Beach Resort & Spa in Cox's Bazar", is a luxury hotel in Bangladesh, which started commercial operation...

Ten companies grab 24pc transactions

Ten most traded companies accounted for 24 per cent transactions on the Dhaka Stock Exchange (DSE) on Monday, with the Grameenphone (GP) making it to the top of the turnover list.Market analysts said investors dumped GP shares as the company declared lower-than-expected interim cash dividend.The GP has recommended 90 per...

Citigroup beats analysts' profit projections on gains from Tradeweb IPO

Citigroup on Monday beat analysts' expectations for second-quarter profit and revenue on gains from the initial public offering of electronic bond trading platform Tradeweb, reports CNBC.The bank posted profit of $4.79 billion, or $1.95 per share, compared with the $1.80 estimate of analysts surveyed by Refinitiv. Excluding the impact of...

Europe stocks close higher after China data meets expectations

European stocks returned to positive territory Monday afternoon, during a choppy session amid worries China's economy is slowing due to a trade war with the US, reports CNBC.The pan-European Stoxx 600 rebounded from early losses to trade provisionally 0.48 per cent higher by the close. Telecoms stocks fell 0.7 per...

News Briefs (16-07-2019)

Chairman of Suzue Corporation of Japan Takahiro Suzue and HRC Chairman & CEO Sayeed H Chowdhury signing a joint venture agreement at a city hotel on Sunday to register a company in Bangladesh HRC to set up joint venture with Japanese company Suzue Corporation of Japan and HRC Bangladesh Ltd....

Md Arfan Ali posing with other officials and participants

Md Arfan Ali, President and Managing Director of Bank Asia Ltd., posing with other officials and the participants of a daylong training on 'Islamic Agent Banking Operations' after inaugurating it in the city recently

Half Yearly Business Conference-2019 of Northern General Insurance

The Northern General Insurance Co. Ltd. held its Half Yearly Business Conference-2019 at its head office in the city recently, with its Chairman Engineer Abdul Matin in the chair. Among others, CEO Abdul Haque was also present

Sheikh Fazle Noor Taposh MP presiding over 85th meeting

Chairman of the Executive Committee of Modhumoti Bank Limited Sheikh Fazle Noor Taposh MP presiding over the 85th meeting of the committee at the head office of the bank in the city on Monday. Among others, Managing Director & CEO of the bank Md Shafiul Azam was present

IFIC Bank organised a training course

The IFIC Bank organised a training course on 'Prevention of money laundering and combating financing of terrorism with the particular focus on trade-based money laundering' in Chattogram recently for officers of 17 branches in the port city and adjacent areas. Executive Director of Bangladesh Bank for Chattogram region Abu Farah...

Training Institute of Standard Bank

The Training Institute of Standard Bank Limited organised a daylong workshop on 'Prevention of money laundering and combating financing terrorism' for BAMLCOs in the city recently. Md Motaleb Hossain, Deputy Managing Director of the bank, inaugurated the workshop

China's central bank continues to inject liquidity into market

BEIJING, July 15 (Xinhua): China's central bank on Monday continued to pump cash into the financial system through open market operations to maintain liquidity in the market.The People's Bank of China (PBOC) renewed 188.5 billion yuan (about 27.4 billion US dollars) of medium-term lending facility (MLF) loans which were due...

Callon Petroleum to buy Carrizo Oil & Gas

LONDON, July 15 (Reuters): Callon Petroleum Co said on Monday it will buy Carrizo Oil & Gas Inc in an all-stock deal valued at $3.2 billion to bolster its presence in the oil-rich Permian and Eagle Ford shale basins.The combined company will have about 200,000 net acres in the two...

German North Sea wind power output rises 16pc

FRANKFURT, July 15 (Reuters): Power production from German North Sea wind farms from January to June totaled 9.51 terawatt hours (TWh), 16 per cent more than in the same 2018 period, grid company TenneT GmbH said on Monday.TenneT, the German arm of the bigger Dutch transmission network group, said offshore...