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

Robi among 11 cos to have lost blue-chip status for illiquidity

As many as 11 companies, including the second largest telecom operator Robi Axiata, have been dropped from the DS30 index after they endured a steep, persistent fall in transaction volumes for months. Daily average turnover volumes worth less than Tk 5 million in the three months to June 30 is...

Singer's profit surges 237pc in Q2 on Eid bonanza

Singer Bangladesh seems to have left its agonising days behind with a 34 per cent year-on-year revenue increase to Tk 7.18 billion in the second quarter through June this year, driven by biggest Eid festival sales.As a result, its profit jumped 237 per cent to Tk 470.76 million in the...

EBL wins int'l finance banking award

Eastern Bank Limited (EBL) won the International Finance Banking Awards 2023 under the category of 'Most Innovative Retail Bank in Bangladesh'. The accolade was conferred upon EBL by renowned London-based International Finance Magazine - known for its comprehensive coverage of the global financial sector.Ali Reza Iftekhar, managing director and CEO...

LafargeHolcim’s profit rises 39pc on higher sales, retail prices

LafargeHolcim Bangladesh gained a 39 per cent year-on-year growth in profit to Tk 1.71 billion in the three months to June, thanks to increased sales of aggregates and cement price hike.The multinational cement maker's earnings jumped as sales revenue rose 34 per cent to Tk 6.71 billion in the quarter,...

UNDP, SME Foundation join hands to foster entrepreneurship

The United Nations Development Programme (UNDP) and the Small and Medium Enterprise (SME) Foundation have signed a Memorandum of Understanding (MoU) to jointly promote entrepreneurship development, green production, and employment generation in Bangladesh, reports UNB.Van Nguyen, Resident Representative, UNDP Bangladesh, and Dr Md Mafizur Rahman, Managing Director of SME Foundation,...

RFL rolls out 'Safemate' helmet

RFL, the country's leading business conglomerate, has introduced a line of motorcycle helmets to the market with the aim of delivering high-quality product within the purchasing power of people. RN Paul, Managing Director of RFL Group, unveiled the cover of 'Safemate' helmet, manufactured for the first time in the country,...

Initiated and supervised by BFIU, Prime Bank held day-long training

Initiated and supervised by the Bangladesh Financial Intelligence Unit (BFIU), Prime Bank Limited held a day-long training on "Prevention of Money Laundering and Combating the Financing of Terrorism" for commercial banks in Sherpur district recently. The training programme was inaugurated by Syed Kamrul Islam, additional director, BFIU, as the chief...

MIDAS arranged five-day training course on 'Women Entrepreneurship Development Training'

MIDAS arranged a five-day training course on 'Women Entrepreneurship Development Training' in the capital from July 12 to 18. Twenty women entrepreneurs participated in the training course. Chairman of MIDAS Zahida Ispahani handed over the certificate to the participants. Dr ASM Mashi-ur-Rahman, managing director, and Md Ebrahim Hossain, assistant general...

Reliance leads gains in Indian shares; Nifty 50 inches towards 20,000

BENGALURU, July 20 (Reuters): Indian shares advanced on Thursday as an uptick in Reliance Industries and broad sectoral gains overpowered a slide in information technology (IT) stocks.The Nifty 50 index closed 0.74 per cent higher at 19,979.15, while the S&P BSE Sensex gained 0.71 per cent to 67,571.90. Both the...

Fed's top regulatory official faces uphill battle to overhaul bank capital

WASHINGTON, July 20 (Reuters): A plan by the top US banking cop to make the sector more resilient may have gotten a boost from the recent banking crisis, but still faces numerous challenges.Fed Vice Chair for Supervision Michael Barr has laid out a plan to increase capital requirements for the...

World stocks shuffle sideways, China drips in more support

LONDON, July 20 (Reuters): World share markets shuffled sideways on Thursday as investors looked ahead to a clutch of key central bank meetings next week and disappointing earnings from Netflix and Tesla pushed Wall Street futures lower.There had been pockets of gains in Asia and in commodities markets overnight after...

Shares in Pfizer rivals Hikma, Fresenius rally after tornado hits factory

LONDON, July 20 (Reuters): Shares in UK pharmaceutical company Hikma rose by the most in 10 months on Thursday, hitting an 18-month high, following news of tornado damage to a US facility owned by competitor Pfizer, which boosted other drugmakers' stock.Pfizer said on Wednesday its plant in Rocky Mount, North...

European shares extend gains as traders digest mixed earnings

European shares advanced on Thursday as investors assessed mixed earnings from companies in the region, although semiconductor stocks saw a heavy selloff after Taiwanese chipmaker TSMC delivered a downbeat sales forecast, reports Reuters.The pan-European STOXX 600 index was up 0.3 per cent by 0817 GMT after a subdued open.The index...

US regulators unveil antitrust roadmap with Big Tech in crosshairs

WASHINGTON, July 20 (Reuters): US antitrust regulators published guidelines on Wednesday on the kinds of mergers and acquisitions they object to, reaffirming the skepticism with which President Joe Biden's administration has approached many deals, especially in the technology sector.The US Justice Department and Federal Trade Commission (FTC) have mounted an...

China foreign trade surges 2.1pc, reaching record $2.81tn

RIYADH, July 20 (Arab News): China's total goods imports and exports surged 2.1 per cent year on year in the first half of 2023 to reach 20.1 trillion Chinese yuan ($2.81 trillion), up from 19.8 trillion yuan in the same period of 2022. The is the first time the country's...