Stocks slip in holiday-shortened week amid uncertainties
Stocks slipped on both the bourses this holiday-shortened week dogged by worries about what lies in the days ahead as recent anti-quota protests turned into deadly violence, leading to imposition of curfew, Internet blackout and an unscheduled three-day holiday.Investor sentiment dipped amid such a situation, which was evident on Wednesday,...
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Singer's Q2 profit drops 45pc despite higher sales
Singer Bangladesh saw its second-quarter net profit drop 45 per cent year on year to Tk 257 million, thanks to higher finance costs amid rising interest rate.In the same quarter (April-June) of the previous year, the electronic and home appliance manufacturer made a Tk 471 million profit, according to its...
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Global equity funds draw fifth weekly inflow on earnings hopes
Global equity funds witnessed fresh investments in the week through July 24 despite a selloff in leading technology stocks as investors remained optimistic about a still-strong second-quarter earnings season, and potential Fed rate cuts, reports Reuters.According to LSEG data, investors snapped up global equity funds of a net $11.29 billion...
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Asia-Pacific markets rebound
Asia-Pacific markets mostly rebounded Friday, after Thursday's sell-off saw some indexes in the region hit their lowest level in months, reports CNBC.Japan's Nikkei 225 was the notable outlier, extending losses for an eighth straight day to 37,667.41, down 0.53 per cent. The Topix lost 0.38 per cent to close at...
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