DSEX hits 3-month high as investors stay upbeat
Stocks extended gains for the sixth consecutive week, with the prime index of the Dhaka bourse hitting three-month high, as buoyant investors continued their buying spree surrounding the upcoming earnings and dividend declaration season.Along with improving some key macroeconomic indicators, the Bangladesh Bank's latest decision to cut the reverse repo...
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Investors pull $5.3b out of global equity funds on tariff concerns
Global investors pulled money out of equity funds in the week through July 16 as US President Donald Trump's tariff threats and an inflation report indicating an increase in US consumer prices, dampened risk sentiment, reports Reuters.Investors withdrew a net $5.3 billion from global equity funds during the week, registering...
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Insurer CFC mulls $6.5b London listing
Specialist insurance provider CFC, backed by private equity firms EQT and Vitruvian Partners, is exploring a UK listing that could value the firm at more than 5 billion pounds ($6.71 billion), the Financial Times reported on Friday.The insurer is also considering other options, including a listing in the U.S. or...
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BRAC BANK OPENS 'DIGITAL FIRST' BRANCH IN CITY
BRAC Bank has inaugurated a new branch, the first 'Digital First' outlet, on North Gulshan Avenue in Dhaka, offering unmatched convenience and innovative services to its customers. The branch is equipped with well-crafted digital solutions to make banking faster and efficient. Meheriar M. Hasan, Chairperson of BRAC Bank; formally inaugurated...
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PepsiCo's Q2 results beat expectations on international growth
PepsiCo reported better-than-expected quarterly results on Thursday, driven by steady demand for its sodas and snacks in the US and other major markets, including Europe, reports Reuters.The Gatorade owner sounded a more upbeat tone in its comments this quarter, after previously warning that heightened macro and consumer uncertainties could be...
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