Stocks bounced back in the outgoing week, returning to uptrend after a single-week correction, with investors mostly focused on selective large-cap issues.Of the five trading days this week, three sessions posted gains while two others suffered losses amid high volatility, as many investors were busy rebalancing their portfolios.DSEX, the benchmark...
Read moreTen most-traded companies accounted for 44 per cent of transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Orion Pharma leading the turnover list.For the past few weeks, some selective stocks have dominated the DSE turnover chart. Two of them, Orion Pharma and Beximco, jointly captured 25...
Read moreAlibaba said it will invest $1 billion over the next three fiscal years to support its cloud computing customers as the Chinese e-commerce giant looks to reignite growth after a historical slowdown, reports CNBC.The investment consists of "financial and non-financial incentives, such as funding, rebates and go-to-market initiatives," Alibaba said...
Read moreNRBC Bank has won six prizes as 'Best Bank' at the South Asian Business Excellence Awards 2022 ceremony. The bank has been crowned with the titles of 'Brand excellence in BFIS', 'Best use of IT & Technology', 'Best Use of Mobile Technology', 'Best use of CSR Practice during Pandemic', 'Best...
Read moreA meeting of the newly reconstituted Board of Directors of Delta Life Insurance Company Limited was held on Thursday. The Board of Directors has been reconstituted after the Insurance Development and Regulatory Authority (IDRA) withdrew the suspension of the Board of Directors as well as the administrator. Hafiz Ahmed Mazumder,...
Read moreMUMBAI, Sept 23 (Reuters): Blackstone Inc will sell a stake worth up to $400 million in Embassy Office Parks REIT, India's biggest real estate investment trust, via Indian stock exchange block deals, three sources familiar with the matter told Reuters.Abu Dhabi's sovereign wealth fund, one of the world's largest, is...
Read moreAsia-Pacific shares drop Asia-Pacific shares fell on Friday as investors continue to weigh the Federal Reserve's aggressive stance. In Australia, the S&P/ASX 200 fell to its lowest levels since July on its return to trade after a holiday on Thursday, then recovered some losses to close 1.87 per cent down...
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