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

Merchant banks suggest reforming IPO rules for efficient listing

Merchant banks demand a review of the existing public issue rules before much-needed changes to attract good-performing businesses to the capital market.The Bangladesh Merchant Bankers Association (BMBA) has already prepared a set of proposals aimed at overcoming barriers to the development of the capital market.Merchant bankers, whose core function is...

Asian markets boosted by Fed chief's rate cut talk

HONG KONG, Aug 26 (AFP): Most Asian equity markets rose with the yen on Monday after US Federal Reserve boss Jerome Powell said "the time has come" to start cutting interest rates, lining up the central bank for a move as soon as next month.The comments provided investors with an...

As US rate cuts near, economic 'soft-landing' odds could dictate stock performance

With interest rate cuts virtually locked in, investors are ramping up their focus on economic data over the next few months as they game out whether the "soft landing" narrative that has helped drive US stocks in 2024 can continue, reports Reuters.Federal Reserve Chair Jerome Powell on Friday said the...

PRIME BANK PARTNERS WITH ROBISHOP.COM.BD

Prime Bank has signed a partnership with premier e-commerce platform, robishop.com.bd. Recently, a signing ceremony was held between these two organisations at the bank's Gulshan Corporate Office. Under the agreement, existing Prime Bank card holders will enjoy EMI facility and new card holders will get discount voucher while purchasing from...

Major Gulf markets gain on dovish Fed outlook

Major stock markets in the Gulf rose in early trade on Monday after Federal Reserve Chair Jerome Powell signalled that the US central bank will most likely cut interest rate in September, reports Reuters.Powell on Friday endorsed an imminent start to interest rate cuts, saying further cooling in the job...

Dutch watchdog hits Uber with huge fine over driver data

THE HAGUE, Aug 26 (AFP): The Dutch data protection watchdog said Monday it hit ride-hailing app Uber with a 290-million-euro ($324 million) fine over the transfer of personal data of European drivers to US servers.The regulator said the transfers were a "serious violation" of the European Union's General Data Protection...

US industry seeks easing of steep Biden-Harris China tariff hikes

WASHINGTON, Aug 26 (Reuters): The Biden-Harris administration this week is expected to announce final implementation plans for steep tariff increases on certain Chinese imports, and if US industry gets its way, many of the planned duties would be softened.Manufacturers from electric vehicles to electric utility equipment have asked for the...

Didi to sell smart auto assets to state-backed NavInfo’s unit

HONG KONG, Aug 26 (Reuters): China's Didi Global is in advanced talks to sell its smart driving and cockpit assets to state-backed digital mapping firm NavInfo's unit, as the ride-hailer focuses on its core business after a bruising regulatory crackdown, three sources said.Didi plans to sell the assets to AutoAi,...

German business morale falls again in August

BERLIN, Aug 26 (AFP): German business confidence fell further in August, a closely-watched survey showed Monday, as Europe's biggest economy struggles to emerge from a weak period.The Ifo institute's confidence barometer, based on a survey of around 9,000 companies, declined to 86.6 points from 87 points in July."The sentiment among...

Saudi Arabia to achieve FDI target of $24b in 2024

RIYADH, Aug 26 (Arab News): The Kingdom of Saudi Arabia's (KSA) updated investment law and a slew of recent reforms could help the country achieve its goal of attracting foreign direct investments worth $24 billion this year, according to an analysis. In its latest report, Standard Chartered said that the...