Draft rules for better investor protection face brokers' opposition
Stock investors would have better protection from fund misappropriation by brokers had the intermediaries not opposed the finalising of proposed Bangladesh Securities and Exchange Commission (stock dealer, stock broker and authorised representatives) Rules, 2023.The securities regulator received public opinions on the draft rules by November last year. The Dhaka Stock...
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Indian shares hit record high, log weekly gains on US rate cut euphoria
BENGALURU, Sept 21 (Reuters): Indian shares surged to record highs and registered weekly gains on Friday, as an outsized interest rate cut by the US Federal Reserve earlier in the week whetted investor risk appetite across global markets.The NSE Nifty 50 added 1.48 per cent to 25,790.95 and the S&P...
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Fed jumbo rate cut puts pressure on money market fund investors
Investment advisers are urging clients to dump hefty cash allocations now that the Federal Reserve has begun its much-anticipated interest-rate easing, a process they expect to limit the appeal of money-market funds in the coming months, reports Reuters.Retail investors' assets in money market funds have grown by $951 billion since...
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BB STARTS CUSTOMER AWARENESS WEEK-2024 WITH MERCANTILE BANK
BB STARTS CUSTOMER AWARENESS WEEK-2024 WITH MERCANTILE BANKThe Bangladesh Bank (BB) has started its five-day long Customer Awareness Week-2024 in Cox's Bazar district under the Chattogram division, aiming to enhance banking awareness among customers. Md. Nurul Amin, executive director of the Bangladesh Bank, was the chief guest at the opening...
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