Stocks suffer sharp fall on fresh worries about economy
The benchmark equity index finished sharply lower this week, wiping out all the gains from the previous two weeks, as it plunged below 5,200 mark, reflecting the growing concerns over ongoing political and economic tensions in the country.Market operators said recent disclosure of record non-performing loans in the banking sector...
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BRAC BANK TO PROVIDE COLLATERAL-FREE LOANS TO BASIS MEMBERS
BRAC Bank has entered a partnership agreement with the Bangladesh Association of Software and Information Services (BASIS) to provide collateral-free financing to its members. It will be a big boost for the country's ICT sector, as more than 2,500 BASIS members can now avail themselves of a collateral-free loan and...
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Global equity funds' inflows slow on geopolitical tensions
Inflows into global equity funds slowed in the week to November 20 due to geopolitical tensions between Russia and the West, with investors also anxious about the US interest rate policy outlook for next year, reports Reuters.According to LSEG data, investors snapped up only net $7.97 billion worth of global...
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Asia markets mostly rise
Asia-Pacific markets mostly rose Friday, tracking a rally on Wall Street that saw the S&P log gains for a fourth straight day, reports CNBC.The exceptions were Hong Kong's Hang Seng index, which fell 2.2 per cent in its last hour of trade, and mainland China's CSI 300, which widened losses...
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UK businesses report first contraction in output since 2023
LONDON, Nov 22 (Reuters): British business output shrank for the first time in more than a year and tax increases in the new government's first budget hit hiring and investment plans, a survey showed, a fresh setback for Prime Minister Keir Starmer's push for economic growth.The preliminary S&P Global Flash...
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