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

Most MNCs see price erosion

Most of the listed multinational companies (MNCs) saw price erosion in the previous week although the stock market closed marginally higher.Of the 13 multinational firms listed on the local stock market, share prices of seven companies declined, ranging between 0.18 per cent and 4.50 per cent per share, in the...

Mercantile Bank awarded as the 'Best Bank': Mercantile Bank Limited has been awarded the South Asian

Mercantile Bank awarded as the 'Best Bank': Mercantile Bank Limited has been awarded the South Asian Business Excellence Award-2022 as the 'Best Bank in the Private Sector' by South Asian Partnership Summit. Managing Director and CEO of the bank Md Quamrul Islam Chowdhury received the award from Planning Minister Abdul...

Chartered Life's IPO opens today

The initial public offering (IPO) of Chartered Life Insurance Company opens for subscription today (Sunday), aiming to raise Tk 150 million from the capital market under the fixed-price method.The new-generation insurer's IPO subscription period will close on September 29, according to its abridged prospectus published recently.It received approval from the...

IBBL achieves 'Best Bank' award: Islami Bank Bangladesh Limited has achieved the 'Best Bank in Bangladesh'

IBBL achieves 'Best Bank' award: Islami Bank Bangladesh Limited has achieved the 'Best Bank in Bangladesh' Award at the South Asian Business Excellence Awards-2022 ceremony hosted by South Asian Partnership Summit. Managing Director and CEO of the bank Mohammed Monirul Moula received the award from Planning Minister MA Mannan at...

Bourses resume pre-opening session today

FE REPORTThe Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange will re-launch the pre-opening session today (Sunday) after a pause for more than four months.The duration of the pre-opening session has been cut down to five minutes from 15 minutes earlier, according to a decision of Bangladesh Securities and...

News Briefs (2022-09-25)

Board meetingsKDS Accessories Limited: A meeting of the board of directors will be held on October 02, 2022 at 4:00 pm to consider, among others, audited financial statements of the company for the year ended June 30, 2022.Apex Footwear Limited: A meeting of the board of directors will be held...

SIBL opens 15 agent banking outlets: Social Islami Bank Limited opened 15 new agent banking outlets through

SIBL opens 15 agent banking outlets: Social Islami Bank Limited opened 15 new agent banking outlets through a virtual platform from its head office in Dhaka recently. SIBL Chairman Dr Md Mahbub Ul Alam inaugurated the agent outlets as the chief guest while Managing Director and CEO Zafar Alam presided...

India's forex reserves fall for seventh straight week to below $550 billion

India's foreign exchange reserves fell below $550 billion for the first time in nearly two years, marking the seventh straight week of declines during which period the country's import cover has plunged by nearly $30 billion, data from the Reserve Bank of India showed on Friday, according to NDTV.The RBI's...

Bond sell-off worst since 1949, says Bank of America

LONDON, Sept 24 (Reuters): Global government bond losses are on course for the worst year since 1949 and investor sentiment has plummeted to its lowest since the financial crisis, BofA Global Research said in a note on Friday.This year's dramatic bond tumble threatens credit events and a potential liquidation of...

Deutsche Bank in $26.3m shareholder settlement over Epstein-Russian oligarch ties

NEW YORK, Sept 24 (Reuters): Deutsche Bank AG agreed to pay $26.25 million to settle a US shareholder lawsuit accusing the German bank of lax oversight while doing business with risky, ultra-rich clients like Jeffrey Epstein and Russian oligarchs.The preliminary all-cash settlement filed on Friday in federal court in Manhattan...

Pak bonds slump as UNDP set to recommend debt restructuring

LONDON, Sept 24 (Reuters): Pakistan's bonds slumped on Friday, leaving many at half of their face value after a Financial Times report that the United Nations Develo-pment Programme was set to publish a memo urging the country to restructure its debt. Long-term worries about Pakistan's finances have been compounded over...

European lottery group Allwyn calls off SPAC deal to list on NYSE

European lottery group Allwyn Entertainment said on Friday it has called off its deal with a blank-check company that would have seen its shares list in New York, citing volatile market conditions, reports Reuters.Allwyn struck a merger deal with the blank-check firm Cohn Robbins Holdings Corp in January, putting the...

TSX falls by most in 3 months, C$ slides as oil rout weighs

TORONTO, Sept 24 (Reuters):Canada's resource-heavy main stock index posted its biggest decline in more than three months on Friday and the Canadian dollar extended its recent decline as oil prices tumbled and investors grew more worried about the global economic outlook.The Toronto Stock Exchange's S&P/TSX composite index ended down 521.70...

CCCI signs MoU with PBA of UK

CHATTOGRAM, Sept 24 (BSS): Chattogram Chamber of Commerce and Industry (CCCI) signed a memorandum of understanding (MoU) with Portsmouth Bangladesh Business Association of United Kingdom (UK) at the World Trade Centre on Saturday.The MoU was signed with the aim of promoting bilateral cooperation, exchange of information, experience and support for...

Sonali Life wins biz excellence award

FE REPORTSonali Life Insurance Company Limited has achieved the 'South Asian Business Excellence Award-2022' in four categories presented by the South Asian Partnership Summit.Planning Minister MA Mannan handed over the award as the chief guest to Sonali Life CEO Mir Rashed Bin Aman at a programme at a city hotel...