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

Stocks end flat ahead of giant IPO

Stocks ended nearly flat on Monday after volatile trading as investors remained cautious and waiting for the biggest ever IPO subscription - Robi Axiata -beginning from today (Tuesday).DSEX, the prime index of the main bourse, went up by 3.68 points or 0.07 per cent to settle at 4,871, after losing...

Rebecca new Director in City Bank's board

Rebecca Brosnan has been appointed in the City Bank Board as nominated Director of IFC (International Finance Corporation). IFC, a member of World Bank Group, is holding 5 per cent share of the bank since 2017, said a statement.Ms Brosnan is now the Chief Operating Officer of Mother's Choice, an...

Dominage Steel holds IPO lottery draw

Dominage Steel Building Systems will allocate 30 million ordinary shares among the successful applicants as the company conducted IPO lottery draw on Monday.The initial public offering (IPO) lottery draw was held at 11:00am at the Crystal Ballroom at Hotel Intercontinental Dhaka, officials said.The result has already been published on the...

BRAC Bank launches TARA Uddokta for women entrepreneurs

BRAC Bank has recently launched 'TARA Uddokta', - an interest-bearing current account specially designed for women entrepreneurs, said a statement.'TARA Uddokta' offers reduced fees, along with higher interest rates, exclusive cashback offers, and special pricing on insurance products for women entrepreneurs.A TARA Uddokta account can be opened with Tk 1000...

Mercantile Bank workshop on compliance issues of RMG industry

Mercantile Bank organised a virtual workshop on 'Monitoring and Compliance Issues of Ready Made Garments (RMG) Industry' recently. Head of respective divisions of head office and branch heads, branch forex-in-charge along RMG cell officials of Head Office participated in the virtual session. A total of 65 officials attended the online...

IPDC Finance sees record revenue, excess liquidity

IPDC Finance Limited has declared record revenue and highest excess liquidity of all time.The country's first private sector non-banking financial institution (NBFI) announced the success in its quarter three (Q3) 2020 investors' meet, held virtually on Sunday, according to a press statement.Besides sharing the Q3 financial statements, the session also...

Jamuna Bank Foundation, Nur Mohammed Trust distribute sewing machines, auto-rickshaws

The Jamuna Bank Foundation and Al-Haj Nur Mohammed Trust distributed 30 pieces sewing machines and 30 auto-rickshaws among the poor, helpless and unemployed people at Goalghunni, Mirkidim Pourasava in Munshiganj, said a statement. Deputy Commissioner of Munshiganj Md. Moniruzzaman Talukdar distributed sewing machines and auto-rickshaws as the chief guest. Founder...

US SEC chief Clayton to call it quits at the end of 2020

WASHINGTON, Nov 16: US Securities and Exchange Commission Chairman Jay Clayton will step down from his position at the end of the year, the Wall Street regulator said in a statement on Monday. “Working alongside the incredibly talented and driven women and men of the SEC has been the highlight...

Dhaka Bank signed agreement with ARC Enterprise

Dhaka Bank signed an agreement with ARC Enterprise recently. Akhlaqur Rahman, SEVP & Head, Corporate Banking Division of Dhaka Bank Ltd, and Asif Zafar, Proprietor & Chief Executive Officer of ARC Enterprise, signed the agreement. Emranul Huq, Managing Director and CEO of Dhaka Bank was also present. Under the agreement,...

Rupali Bank launched automated challan system

Rupali Bank Limited launched automated challan system on Monday for easy submission of any type of invoice to the government treasury. Md Obayed Ullah Al Masud, Managing Director and CEO of Rupali Bank, Abul Basher Md. Amir Uddin, Deputy Secretary, Ministry of Finance, and AKM Mukhlesur Rahman, joint director, Bangladesh...

DSE/CSE News in Brief (17-11-2020)

Disbursement of dividend National Bank Limited: The bonus shares of the company for the year ended on December 31, 2019 have already been credited through CDBL to the respective shareholders' BO Accounts and it has also disbursed cash dividend to the respective shareholders' bank accounts through BEFTN. Board meetingsAlltex Industries...

S&P, Dow futures rise on Moderna vaccine results

Futures tracking the S&P 500 and the Dow rose on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession, reports Reuters.Moderna Inc MRNA.O soared 15% in premarket trading...

European shares highest in more than eight months

European shares shot up to a more-than-eight-month high on Monday, after Moderna Inc MRNA.O became the second drugmaker in a week to report high efficacy for an experimental coronavirus vaccine, reports Reuters.The pan-European STOXX 600 .STOXX traded 1.5% higher by 1219 GMT after Moderna announced that its vaccine appeared to...