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

DESCO didn't announce dividends for first time. It rings alarm

The state-run Dhaka Electric Supply Company (DESCO) is not going to give any dividend to shareholders for the just concluded fiscal year for the first time since its 2026 listing. The primary reasons are operating loss and foreign debt burden. The company's retained earnings also turned negative in the reporting...

Regulator rejects issuers' proposals to protect retail investors

The securities regulator has recently rejected a few proposals, including the issuance of placement shares to sponsor directors, considering the interest of general shareholders.At least three issuer companies proposed increasing their paid-up capital by floating new shares, but the Bangladesh Securities and Exchange Commission (BSEC) turned down their proposals.The companies...

Stocks steady after Wall St record, oil slumps

LONDON/SYDNEY, Oct 15 (Reuters): European shares and US futures were little changed on Tuesday after Wall Street scaled record highs the previous day, while oil prices dropped on a report that Israel would refrain from striking Iranian energy targets.Chinese stocks, meanwhile, tumbled as a media report that detailed extra government...

UCB launches products to realise ‘Three Zeroes’ vision

United Commercial Bank (UCB) on Tuesday brought in a new range of products, both for depositors and borrowers, in alignment with the Three Zeroes vision, of Chief Adviser Professor Muhammad Yunus. The products were launched through a press conference held at the bank's head office at Gulshan in the capital....

Bank Asia Organizes ?Breast Cancer Awareness Programme?

Bank Asia organised a programme on the occasion of Breast Cancer Awareness Month 2024 to disseminate knowledge about breast cancer among its female employees. The keynote speaker, Prof. Dr. Tasnim Ara, delivered an insightful presentation on modern methods of breast cancer treatment through targeted therapy. The programme was organised at...

PUBALI BANK SIGNS MOU WITH HOTEL RAMADA

Pubali Bank recently signed a Memorandum of Understanding (MoU) with Hotel Ramada, Cox's Bazar at the bank's head office. N. M. Firoz Kamal, deputy general manager, and Chevan Gooneratne, general manager of Hotel Ramada, signed the MoU. According to the terms of the deal, all Pubali Bank cardholders will enjoy...

Investor optimism sees biggest jump since June 2020, survey shows

MILAN, Oct 15 (Reuters): Global investor optimism posted its biggest jump since June 2020 in October due to Federal Reserve rate cuts, stimulus pledges from China and expectations of a soft landing for the US economy, a BofA survey of fund mangers published on Tuesday showed.Cash allocations dropped to 3.9...

European and US bonds rapidly diverge as economic wedge widens

LONDON, Oct 15 (Reuters): A rapid divergence between euro zone and US government bond markets is expected to continue, as an increasingly lacklustre European economy adds to the pressure on the European Central Bank to quickly cut interest rates.The closely-watched gap between US and German 10-year bond yields has risen...

Major Gulf markets mixed on weak oil, ahead of earnings

Major stock markets in the Gulf were mixed in early trade on Tuesday on weakening oil even as tensions escalated in the region and as investors braced for third-quarter earnings, reports Reuters.Saudi Arabia's benchmark index dropped 0.1 per cent, hit by a 0.9 per cent fall in ACWA Power and...

Banking deals can make banks too big and hurt consumers, Sabadell chair says

LONDON/MADRID, Oct 15 (Reuters): Banking consolidation is not always the best way to create shareholder value and can lead to oligopolies that are bad for clients, Chair of Spain's Sabadell Josep Oliu said on Monday.Sabadell is trying to fend off an around 12 billion euro ($13.09 billion) hostile takeover by...

Action against price-hiking syndicates under Special Powers Act

Labour and Employment Adviser Asif Mahmud Shojib Bhuiyan said that strict action will be taken under the Special Powers Act against those involved in syndicates inflating commodity prices, reports UNB.Speaking at a views-exchange meeting held at the Secretariat Media Centre on Tuesday, the adviser stressed that syndicates manipulating prices will...

World Food Day today -

The World Food Day-2024 will be observed in the country today as elsewhere in the world with the theme 'Right to foods for a better life and a better future', emphasizing the need for universal access to diverse, nutritious, affordable and safe food, reports BSS.First celebrated in 1979, World Food...

Al-Arafah Islami Bank board meeting held

The 406th meeting of the Board of Directors of Al-Arafah Islami Bank PLC was held on Monday, with its Chairman Khwaja Shahriar in the chair. The overall business performance of the bank was reviewed and several policy decisions were taken. Directors Md. Shahin Ul Islam, Md. Abdul Wadud, Prof Dr....

Islami Bank Shari'ah Supervisory Committee meeting held

A meeting of the Shari'ah Supervisory Committee of Islami Bank Bangladesh PLC was held on Tuesday at Islami Bank Tower. Mufti Sayeed Ahmed, Chairman of the Committee, presided over the meeting. Mohammed Monirul Moula, Managing Director of the bank, Prof. Dr. Abu Bakr Rafique, Vice Chairman, and Prof Dr. Mohammad...

UNILEVER CONSUMER CARE WINS ICSB 'GOLD AWARD'

Unilever Consumer Care Limited (UCL) won the 'Gold Award' from the Institute of Chartered Secretaries of Bangladesh (ICSB) for corporate governance excellence. The 11th ICSB National Award was handed over to UCL at a gala event held in a city hotel recently. S. O. M. Rashedul Quayum, Non-Executive Director, along...