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

Stocks fall as bear tightens its grip

Investors' participation kept declining in the outgoing week, driving down the benchmark equities index for a third week as growing concerns about current economic climate and limited scope of liquidation of their holdings heavily weighed on the market sentiment. The 'floor price' system, imposed by the regulator to prevent the...

BRAC Bank teams up with British Council

BRAC Bank and British Council have signed an MoU recently to work together for the welfare of students from all age ranges and education mediums, says a statement. Both the organisations will collaborate on programmes like financial literacy for school-going students, study abroad, IELTS expos, and roadshows for higher education....

Ten most-traded cos account for 40pc of DSE turnover

Ten most-traded companies accounted for nearly 40 per cent of transactions on the Dhaka Stock Exchange (DSE) this week, with Genex Infosys making it to the top of the chart. During the week, these 10 companies posted a total turnover of Tk 8.21 billion on the premier bourse.Of the companies,...

UAE's IHC plans health, IT business IPOs

ABU DHABI, Nov 25 (Reuters): International Holding Company (IHC.AD) plans to sell 20 per cent of its technology unit in an initial public offering next year, its CEO told Reuters, adding that the UAE's IHC is aiming for a first quarter IPO of Pure Health to raise more than $1...

Global equity funds face weekly outflows on growth worries

Global equity funds saw outflows in the week ended November 23 on worries over a recession due to higher interest rates and fresh lockdowns as COVID cases rise in China, reports Reuters.According to Refinitiv Lipper data, investors withdrew $8.6 billion and $840 million respectively from U.S. and European equity funds...

Aramco's Luberef gets regulator nod for IPO

DUBAI, Nov 25 (Reuters): Saudi oil giant Aramco's base oil subsidiary, Luberef, has received the approval from the kingdom's stock market regulator for an initial public offering, the Capital Market Authority said on Thursday.Saudi Aramco Base Oil Company (Luberef), formerly Saudi Aramco Lubricating Oil Refining Co, will offer investors 50.045...

Asia-Pacific stocks mostly lower

Shares in the Asia-Pacific were mostly lower on Friday as markets in the US were closed for the Thanksgiving holiday, reports CNBC. In Japan, the Nikkei 225 fell 0.35 per cent to close at 28,283.03 and the Topix ended its session at 2,018.0 as the nation's capital city saw the...