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

Stock scammers operate freely on social media despite warnings

Online scammers are aggressively targeting victims on social media with ads promising unusually high and quick returns from stock investments, often appearing to be endorsed by well-known market analysts.The fraudsters typically launch campaigns on Facebook, luring individuals into WhatsApp or Telegram groups, where they push them to invest through fraudulent...

Turnover on DSE hits one-month low amid cautious trading

FE REPORTThe daily trade turnover on the Dhaka Stock Exchange (DSE) dropped below the Tk 7 billion mark on Tuesday after more than a month, as investors mostly adopted a cautious stance ahead of earnings declarations.Turnover, a crucial indicator of the market, stood at Tk 6.74 billion on the country's...

CITY BANK, UNFPA PARTNER TO EMPOWER GIRLS, WOMEN

CITY BANK, UNFPA PARTNER TO EMPOWER GIRLS, WOMENUNFPA and City Bank on Tuesday announced the launch of a partnership through Komlaphul Pharmacy Initiative to train young women as pharmacy associates across Bangladesh. This is the first collaboration between UNFPA and City Bank, marking a milestone in advancing women's empowerment. At...

NCC BANK, FinCoach INK BUSINESS DEVELOPMENT DEAL

NCC BANK, FinCoach INK BUSINESS DEVELOPMENT DEAL NCC Bank entered into a strategic partnership with FinCoach Bangladesh Limited, an online financial marketplace, to enhance customer access to deposit products, retail and SME loan products through digital platforms. Under this agreement, FinCoachBD will act as a sales referral partner of NCC...

PRIME BANK, BFIU HOST TRAINING on Money Laundering Prevention

PRIME BANK, BFIU HOST TRAINING on Money Laundering PreventionA day-long lead bank training programme on prevention of money laundering and combating financing of terrorism was held recently at Moulvibazar. The programme was organised under the initiative of the Bangladesh Financial Intelligence Unit (BFIU), where Prime Bank joined as the lead...

China's $19 trillion stock market, once called uninvestable, lures foreigners again

HONG KONG, Sept 16 (Reuters): Foreign investors are plotting a return to China's stock markets in a big way three years after pulling back and terming them uninvestable, encouraged by the tech opportunities on offer, and a growing demand for diversification beyond US assets.Progress in China's adoption of artificial intelligence...

BEPZA zone to host first-ever airplane amenity bag factory

Chinese company KMK Industrial Limited is set to establish an airplane amenity bag and kit manufacturing industry, the first of its kind in the BEPZA Economic Zone.The company signed a land lease agreement with the Bangladesh Export Processing Zones Authority (BEPZA) in this regard at the BEPZA office in Dhaka...

Gold dazzles at all-time high as Fed rate cut looms

Gold surged to a record high on Tuesday, buoyed by a weakening US dollar and growing market anticipation ahead of the Federal Reserve's policy meeting, where a 25-basis-point rate cut is widely expected, reports Reuters.Spot gold rose 0.5% to $3,696.34 per ounce, as of 8:09 a.m. ET (1209 GMT), after...

Sonali Bank provides scholarships to students

Sonali Bank provides scholarships to studentsSonali Bank PLC has been providing Education Scholarship-2023 among 850 poor and meritorious students of secondary & higher secondary level under its Corporate Social Responsibility (CSR). A total of 60 students from Dhaka district were awarded the scholarship at an award ceremony held at the...

RUPALI BANK HOLDS BUSINESS PERFORMANCE REVIEW MEETING

RUPALI BANK HOLDS BUSINESS PERFORMANCE REVIEW MEETINGRupali Bank held a Business Performance Review Meeting for the corporate-1 branch offices under the bank's local office and Dhaka South and Dhaka North Divisional offices for the month of August at the bank's head office in the city on Tuesday. Managing Director Kazi...

SHIPPERS' COUNCIL HOLDS BOARD MEETING --

SHIPPERS' COUNCIL HOLDS BOARD MEETING The 8th meeting of the Board of Directors of Shippers' Council of Bangladesh (SCB) for the term of 2024 & 2025 was held at its office at Dhanmondi in Dhaka on Monday, with its Chairman Md Rezaul Karim in the chair. The Board decided to...

Australian bank ANZ to pay record $160m penalty for corporate misconduct

MELBOURNE, Sep 16 (AP): One of Australia's largest banks said Monday it agreed to pay a record 240 million Australian dollars ($160 million) in penalties for corporate misconduct affecting almost 65,000 customers and the federal government.Melbourne-based ANZ, also known as Australia and New Zealand Banking Group, and the Australian Securities...