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

IPO lottery system returns to boost secondary market turnover

The main reason for restoring the lottery system in primary share allocation is to boost turnover in the secondary market against the backdrop of a persistent investor exodus.The IPO lottery system was removed in April 2021 after it was repeatedly accused of depriving retail investors of IPO shares. The Bangladesh...

Dhaka bourse ends marginally lower as blue chips show mixed performance

The Dhaka bourse closed the week's last session marginally lower, extending the losing streak for the second consecutive session, as market leaders showed mixed performance.Insiders said the market witnessed a mild correction over the last two sessions as many opportunistic investors booked profits following gains in the previous sessions.The DSEX,...

Emerging market ETFs draw strong inflows on cheaper valuations amid market turmoil

Emerging market equity exchange-traded funds have attracted substantial inflows since the start of the year for their cheaper valuations and growth prospects, despite markets grappling with geopolitical tensions and a decline in global bond markets, reports Reuters.According to Refinitiv Lipper, emerging market equity ETFs have attracted about $14 billion in...

MTB Introduces "CEO Connect"

Mutual Trust Bank PLC (MTB) has introduced a new internal engagement initiative titled "CEO Connect", marking a significant milestone in the Bank's journey to strengthen open dialogue and closer leadership engagement. The initiative aims to provide selected employees with a unique opportunity to interact directly with the Managing Director &...

BRAC BANK LAUNCHES VISA MULTICURRENCY SME BUSINESS DEBIT, CREDIT CARDS

BRAC Bank has recently introduced Visa multicurrency SME business debit and credit cards to enable small and medium enterprise (SME) customers to perform authorised B2B local and foreign currency transactions, supporting smoother business operations. The cards were launched at a ceremony held at the bank's head office on Wednesday. Guests...

UTTARA BANK INAUGURATES 'ONE STOP SERVICE'

Md Abul Hashem, Managing Director & CEO of Uttara Bank PLC, inaugurated the 'One Stop Service' of the bank at its Corporate Branch in Dhaka recently. Additional Managing Director Maksudul Hasan and Deputy Managing Directors Md Rezaul Karim and Khandaker Ali Samnoon along with other officers and staffs were also...

ISLAMI BANK HOLDS BOARD MEETING_

A meeting of the board of directors of Islami Bank Bangladesh PLC was held at Islami Bank Tower in Dhaka on Thursday. Professor Dr. M. Zubaidur Rahman, chairman of the bank, presided over the meeting. Mohammad Khurshid Wahab, chairman of the executive committee; Md Abdus Salam, chairman of the audit...

bKash-APBn workshop on MFS misuse prevention

To raise awareness and prevent the misuse of Mobile Financial Services (MFS) during the upcoming national election, bKash and the Armed Police Battalion (APBn) have jointly organised a daylong workshop. Some 40 APBn officials participated in the workshop held at the training centre of APBn Headquarters recently. Armed Police Battalion...

Stocks rally as Trump drops Greenland tariff threats

LONDON, Jan 22 (AFP): Stocks rallied Thursday after President Donald Trump rowed back on threats to hit key European countries with tariffs over their opposition to a US takeover of Greenland.Gains were fuelled also by a surge in tech stocks as the artificial intelligence trade roared back into the spotlight...

European corporate outlook dims slightly, still marred by global uncertainty

The outlook for European corporate health has slightly worsened, according to forecasts released on Thursday, as relief from US tariffs is outweighed by ongoing geopolitical tensions straining traditional Western alliances, reports Reuters.European firms are expected to report a 4.2 per cent drop in 2025 fourth-quarter earnings, on average, according to...

P&G misses revenue estimates due to slower US growth

Procter & Gamble's second-quarter revenue fell slightly short of Wall Street expectations on Thursday, as weak spending by US consumers and the hit from a government shutdown offset stronger growth globally, reports Reuters.Adjusted earnings topped targets, helped by strong demand for P&G's pricey haircare and beauty products, in a mixed...

China issues $13.4b of treasury bonds to support equipment upgrades

BEIJING, Jan 22 (Reuters): China has issued the first batch of 93.6 billion yuan ($13.44 billion) of ultra-long-term special treasury bonds to support equipment upgrades for this year, the state planner said on Thursday, as part of steps to shore up the economy.The bond funds will support equipment upgrades in...

MERCANTILE BANK INVESTS IN BB'S STARTUP VENTURE_

Mercantile Bank has invested Tk 100.2 million in Bangladesh Startup Investment Company, an initiative formed under the Bangladesh Bank (BB). As part of the formation and operational process of this startup, a cheque has been handed over to BB recently. Mercantile Bank's Deputy Managing Director and CBO Dr. Md. Zahid...