Stocks retreat from near two-year high
Stocks fell sharply this week, snapping a three-week winning streak as investors rushed to lock in short-term gains amid uncertainty over proposed amendments to margin lending rules and renewed geopolitical tensions.The benchmark index of the Dhaka Stock Exchange (DSE) retreated after touching a near two-year high above the 5,900-point mark,...
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Heidelberg sinks into losses in Q2
Heidelberg Materials Bangladesh slipped into the red in the second quarter (Q2) of 2026 as soaring raw material costs, weak demand and intense market competition squeezed profit margins.The Germany-based cement producer reported a net loss of more than Tk 61 million for the April-June quarter, reversing a net profit of...
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Global equity funds attract ninth weekly inflow
Global equity funds attracted inflows for a ninth straight week through July 22 as investors remained optimistic about a robust earnings season despite an escalation in Middle East tensions and the recent weakness in semiconductor stocks, reports Reuters.They bought a net $10.51 billion in global equity funds during the week,...
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Chipmaker CXMT to start trading next week
SINGAPORE, July 24 (Reuters): Chinese memory chip manufacturer CXMT Corp's shares will start trading in Shanghai on Monday, it said on Thursday after raising 57.92 billion yuan ($8.6 billion) in Asia's biggest initial public offering so far this year.The debut will spotlight China's state-led push to turn public capital into...
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EBL SIGNS MOU WITH CHOKHER SHEBA HOSPITAL
Eastern Bank PLC (EBL) has signed a MoU with Chokher Sheba Hospital to expand access to quality eye care for underprivileged communities. Following the signing ceremony at the bank's Head Office in Dhaka, EBL Managing Director Hassan O. Rashid handed over a cheque worth Tk 7.5 million to Brig. Gen....
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HSBC sells Singapore insurance unit to Allianz in $2.1b deal
HSBC has agreed to sell its life and health insurance business in Singapore to Allianz for S$2.7 billion ($2.1 billion), as it trims non-core operations and focuses on its Asian wealth and wholesale banking operations, Reports Reuters.The global bank will move to a capital-light bancassurance model in Singapore, allowing it...
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