Stocks fail to sustain post-election rally
The benchmark equity index of the Dhaka Stock Exchange (DSE) posted a modest weekly gain after a volatile week, surging sharply on the first trading day following the much-awaited national election, but the remaining sessions pared most of the gains.The BNP-led alliance secured an absolute majority in the 13th parliamentary...
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Global equity funds see biggest inflow in five weeks as AI concerns ease
Global equity funds received their strongest inflows in five weeks in the seven days to February 18, as easing concerns over artificial intelligence stocks and investor rotation into other sectors supported demand, while renewed hopes for Federal Reserve rate cuts lifted sentiment toward US growth, reports Reuters.Investors poured $36.33 billion...
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Asia-Pacific markets mostly lower but S Korea's Kospi hits fresh high
Asia-Pacific markets were mostly lower on Friday, after all three major Wall Street indexes declined overnight pressured by a drop in private credit stocks and Iran-US tensions, reports CNBC.Prospects of a strike on Iran have risen with US President Donald Trump saying that he would take a call on military...
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Novartis to exit India unit in $159m deal
Swiss drugmaker Novartis will sell its entire 70.68% stake in its listed Indian unit to a private equity-led consortium for about $159 million, as part of a broader global restructuring, reports Reuters.The consortium, comprising WaveRise Investments, ChrysCapital Fund X and Two Infinity Partners, will buy the stake in Novartis India...
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LSE launches transaction under new private share platform
London Stock Exchange on Friday launched its first transaction under the UK financial regulator's new PISCES framework that allows investors to trade shares in private companies, reports Reuters.The transaction involved the creation of an exchange-enabled investment structure, or a TPEIC, that will hold shares in Oxford Science Enterprises - an...
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US business growth slows in Feb
US business activity expanded in February at the slowest rate in 10 months as orders receded at factories, new business growth slackened for services firms and employment growth stalled across the board, a survey showed on Friday, reports Reuters.S&P Global said its flash US Composite PMI Output Index, which tracks...
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