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

Higher free float, better transparency key to market upgrade: Head of BRAC EPL

The secondary market must be highly liquid and ensure a greater flow of information on securities to achieve an upgrade from frontier to emerging market status, said the chief of a leading brokerage firm, BRAC EPL Stock Brokerage.In a recent interview with The Financial Express, Ahsanur Rahman, chief executive officer...

Regulator probes Premier Leasing, Green Delta Securities over negative equity issues

The Bangladesh Securities and Exchange Commission (BSEC) has launched enquiries into two brokerage firms-Premier Leasing Securities and Green Delta Securities-over alleged irregularities involving negative equity accounts and margin lending practices.The probe into Premier Leasing Securities will focus on compliance failures, including the declaration of cash dividends despite sustained negative equity...

Gulf equities gain as US-Iran ceasefire proposal lifts sentiment

Most Gulf markets advanced on Wednesday, led by Dubai, as optimism over a possible ceasefire increased after reports that Washington had submitted a 15-point proposal to Tehran to end the war, reports Reuters. US President Donald Trump said on Tuesday that efforts to negotiate an end to the conflict were...

Islami Bank holds board meeting ___

A meeting of the board of directors of Islami Bank Bangladesh was held on March 25 at Islami Bank Tower, chaired by Professor Dr. M. Zubaidur Rahman. The meeting was attended by senior board members, including committee chairmen, directors, and Managing Director Md. Omar Faruk Khan, where they reviewed the...

Shimanto Bank, Astha Life to provide ‘Credit Shield Insurance’

Shimanto Bank has signed an MoU with Astha Life Insurance Company at its head office, introducing Credit Shield Insurance for its credit cardholders to ensure financial protection for their families in unforeseen circumstances. The agreement was signed by Managing Director & CEO Md. Nurul Azim on behalf of Shimanto Bank...

Norway wealth fund moves towards some AI-driven decisions but with humans in control

OSLO, March 25 (Reuters): Norway's $2.1 trillion sovereign wealth fund, the world's largest, will eventually allow some investment decisions to be made by AI systems under human supervision, but not yet, as the tools still make errors, fund officials said on Tuesday.At present, around half of the 700 employees at...

Stocks rise and oil retreats on Mideast ceasefire reports

SINGAPORE, March 25 (Reuters): Stocks rose and oil fell on Wednesday on reports the US is seeking a month-long ceasefire in its war on Iran and had sent a 15-point plan to Iran for discussion, raising hopes for a breakthrough that could help restore oil exports from the Gulf.S&P 500...

Reliance Jio in talks with investors to sell 8pc of individual stakes in IPO

HONG KONG/NEW DELHI, March 25 (Reuters): Indian billionaire Mukesh Ambani's Reliance Jio Platforms has held talks with 13 marquee foreign investors to sell down 8 per cent of individual stakes in an upcoming Mumbai listing of the telecoms-to-AI company, sources familiar with the matter said.Ambani's Jio Platforms, which houses the...

London's FTSE 100 climbs

The UK's FTSE 100 extended its rebound on Wednesday as investors took comfort from reports about US efforts to bring the Iran war to a close, while also assessing Britain's latest inflation data, reports Reuters.Washington sent Iran a 15-point plan to end the war in the Middle East, the New...

Indonesia financial regulator approves phased three-year implementation of free float rules

JAKARTA, March 25 (Reuters): Indonesia's financial regulator has approved the phased three-year implementation of free float requirements drawn up by the Indonesia Stock Exchange, its chief capital market supervisor Hasan Fawzi said on Wednesday.Fawzi said that the legally-binding "implementing rule" for the free float plan will be issued by the...

US stock futures rise as Mideast ceasefire prospects lift sentiment

US stock index futures climbed on Wednesday, after media reports that the US was seeking a month-long ceasefire in its war with Iran, allaying some investor fears around prolonged energy supply disruptions, reports Reuters.The New York Times reported that Washington sent Iran a 15-point plan to end the war. Israel's...