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

Renata's debt-reduction strategy may spur new entrants to secondary market

Renata's listed preference shares, offering a 15 per cent return, may serve as an example for other companies seeking to reduce debt burdens while strengthening investor confidence.To replace high-cost short-term loans with lower-cost, long-term funding, the drug manufacturer issued preference shares worth Tk 3.25 billion through private placement. The shares...

Baraka Power's future limps after contract expiry: Auditor

The auditor has raised concerns over Baraka Power's ability to continue operations after all of its power-supply contracts with the government expired more than a year ago.Since the expiry of the contracts, the company has generated no revenue from its own operations and has been surviving solely on income from...

Foreign inflows into Asian bonds hit six-month high in November

Foreign investors snapped up Asian bonds in November as they sought shelter from an equity market selloff driven by concerns over stretched tech valuations and uncertainty around the US Federal Reserve's rate outlook, reports Reuters.They bought a net $10.86 billion of bonds in South Korea, Thailand, Malaysia, India and Indonesia...

Square Pharma AGM approves 120pc cash dividends

Square Pharmaceuticals PLC declared a 120% cash dividend for its shareholders for the year ended 30 June 2025 at its 59th annual general meeting (AGM) held virtually on Monday. The company's Chairman Samuel S Chowdhury presided over the AGM, says a press statement. Ratna Patra, Vice Chairman; Tapan Chowdhury, Managing...

Square Textiles declares 32pc cash dividends

Square Textiles PLC declared a 32% cash dividend for its shareholders for the year ended June 30, 2025, at its 30th annual general meeting (AGM) held virtually on Monday. The company's Chairman Tapan Chowdhury presided over the AGM, says a press statement. Ratna Patra, Vice Chairman, Samuel S Chowdhury, Managing...

MIDLAND BANK FUNDS PUBLICATION ON ARCHITECT MUZHARUL

Midland Bank provided financial assistance of Tk 1 million to Bengal Institute for a comprehensive publication on the work and life of Architect Muzharul Islam. The bank provided Tk 500,000 from its Islamic banking fund. The remaining Tk 500,000 was contributed by Midland Bank family members. Md. Ahsan-uz Zaman, managing...

PRIME BANK DISBURSES AGRI LOANS IN LALMONIRHAT

Prime Bank recently organised an open agricultural credit disbursement programme at Hatibandha Upazila in Lalmonirhat. Loan cheques were distributed among a total of 288 farmers at the event. The programme highlighted various aspects of Prime Bank's agricultural loan support aimed at increasing agricultural production, improving farm management and strengthening the...

ENERGYPRIMA LIMITED HOLDS 18TH AGM

The 18th annual general meeting (AGM) of Energyprima Limited (EPL) was held at Chowmuhani 113MW HFO-based Power Plant in Begumganj, Noakhali, on Monday. The meeting was presided over by the Shareholder of the company, Dr. Kamaluddin Ahmed, and attended by Director Shahadat Hossain, Company Secretary Md Al Amin Chowdhury and...

Wild currency swings put emerging markets in the spotlight

LONDON, Dec 15 (Reuters): Trading in the Hungarian forint, long a niche emerging market currency, has more than doubled since US President Donald Trump took office in January, with trader interest only growing since his sweeping "Liberation Day" import tariffs announcement.These increased volumes are no blip either, say traders, strategists...

Gulf stocks track global losses as investors await key US data

Most Gulf stock markets fell in early trading on Monday, tracking global peers, as investors awaited a raft of delayed US economic data this week that will offer a long-anticipated read on the world's largest economy, reports Reuters.The upcoming employment, inflation and other indicators are especially critical because investors and...

Citi sets 2026 S&P 500 target at 7,700, expects AI to remain key theme

Citigroup has set a year-end target of 7,700 for the S&P 500 index for 2026, pointing to robust corporate earnings and sustained tailwinds from artificial intelligence investments, reports Reuters.The brokerage said in a note on Friday that it expects AI infrastructure build-out to be a key theme in 2026, echoing...