Profit-taking drags market lower as investors turn cautious ahead of earnings season
The stock market extended its losing streak for a second consecutive week, as investors opted for short-term profit-taking and adopted a more cautious stance ahead of the upcoming earnings season.Market analysts said prices of major sector stocks, many of which were on a gaining streak during the recent market rallies,...
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Premier Leasing's loss hits Tk 12b over five years
Premier Leasing & Finance has posted a massive annual loss of Tk 3.66 billion for the year 2024, driven by a negative net interest margin stemming from a large volume of non-performing loans.According to company disclosures, the troubled non-bank financial institution's accumulated losses have now reached Tk 12 billion over...
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Global equity fund inflows at six-week high
Global equity funds logged their largest weekly inflows in six weeks in the week to August 13, lifted by a softer-than-expected US inflation print and an extension of a tariff truce between the United States and China which boosted investor sentiment, reports Reuters.Technology stocks drew strong interest, including Apple Inc...
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Shahjalal Islami Bank organises induction training course for new recruits
Shahjalal Islami Bank Training Academy organised a two-day induction training course for 40 newly appointed Management Trainee Officers of the bank's Training Academy. Managing Director of the bank Mosleh Uddin Ahmed inaugurated the training course as the chief guest on Wednesday. The session was chaired by A.K.M. Hasan Rahim, the...
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Shein's UK sales surge to $2.8b in 2024
LONDON, Aug 15 (Reuters): Shein's British business made 2.05 billion pounds ($2.77 billion) in sales in 2024, a 32.3 per cent increase from the previous year, a filing by the online fast-fashion retailer showed early on Friday.Shein does not report global results publicly, but the filing sheds light on its...
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