DSEX sinks below 5,300 mark as selloffs persist
Stocks experienced another major setback this week, with the key index tumbling below the 5,300 mark for the first time in two and a half months, as jittery investors ramped up selloffs to avoid further erosion of their portfolios.The market remained sell-dominant throughout the week, extending its losing streak for...
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Jamuna Bank's Q3 profit jumps 38pc
Jamuna Bank PLC posted an impressive 38 per cent year-on-year growth in profit for the third quarter (Q3) of this year, owing to higher interest and investment income along with increased income on commission, exchange and brokerage.The third generation private commercial bank has reported a consolidated net profit of nearly...
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Global stocks edge up after China shares rally
LONDON/TOKYO, Oct 18 (Reuters): Global shares edged higher on Friday, spurred by a rally in Chinese stocks on Beijing's latest policy steps to boost demand and also supported by robust US economic data out this week.MSCI's index of global stocks edged up around a quarter of a percent, with tentative...
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Blackstone tops profit estimate as its assets hit record
NEW YORK, Oct 18 (Reuters): Blackstone beat Wall Street's expectations on its key quarterly earnings metric on Thursday, as the world's largest alternative investment firm's assets under management (AUM) hit a record $1.1 trillion and the value of its funds rose.New York-based Blackstone said it saw $41 billion of inflows...
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India's Vishal Mega Mart files for $950m IPO
Indian budget supermarket chain Vishal Mega Mart on Thursday filed papers for an 80 billion rupee ($952 million) initial public offering, joining a growing list of companies tapping the country's bustling capital market, reports Reuters.The company will not issue new shares in the IPO and will not receive any proceeds....
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