Stocks tumbled in the outgoing week to Thursday, after trading sideways for the last six weeks, as investors raced to dump their holdings, unnerved by ongoing economic uncertainty.Of the five trading days during the week, the first four sessions suffered losses while the remaining one closed slightly higher in choppy...
Read moreMatin Spinning Mills Ltd, a sister concern of DBL Group, reported a 71 per cent jump in its net profit for fiscal year 2022. It also recommended 50 per cent cash dividend, the highest declaration by the company since its listing on the stock exchange in 2014, according to the...
Read moreBest Holdings Ltd, the parent company of hotel Le Meridien Dhaka, held a roadshow on Thursday as the company wants to raise Tk 3.50 billion from the capital market under book-building method. The roadshow, a requirement under the book-building regulations before the price discovery of a company's initial public offering...
Read moreBengal Commercial Bank has opened its Hemayetpur Branch in Savar, Dhaka. Managing Director and CEO Tarik Morshed inaugurated the bank's 11th branch on Thursday. Md Abul Kashem, Deputy Managing Director of AKH Group, and M A Jalil Ananta, Chairman of AJI & AB Group and film producer & actor, attended...
Read moreSINGAPORE/LONDON, Oct 21 (Reuters): US Treasury yields held near multiyear highs on Friday, with markets seeing no end to tightening from the Federal Reserve, causing shares to slip and the dollar to strengthen, particularly on the yen, against which it hit a new 32 year top.The benchmark US 10-year yield...
Read moreHedge funds suffer further outflows in third quarter Investors pulled an estimated $26 billion from hedge funds during the third quarter, according to data provider HFR, jarred by a global stock market plunge, soaring bond yields and geopolitical tensions. That comes on top of a $27.5 billion outflow in the...
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