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Stocks stumble as macroeconomic uncertainty weighs on investors

The benchmark equity index stumbled in the holiday-shortened week, following a strong rebound the previous week as ongoing macroeconomic uncertainty continues to keep investors on the sidelines, contributing to the market's lackluster performance. Market analysts noted that investors remained largely reluctant to make new investments in stocks due to the...

BRAC BANK, NSU SIGN DEAL ON ADVANCED CASH MANAGEMENT SOLUTION

BRAC Bank has partnered with North South University (NSU) to deliver advanced cash management solutions. Through this innovative alliance, BRAC Bank will implement a cutting-edge tuition fee collection system for NSU via the Universal Collection Platform. This partnership was formalised at a signing ceremony at the university recently. The agreement...

Global equity funds regain inflows on US inflation relief

Global equity funds witnessed sharp inflows in the week through December 25, rebounding from significant net sales the previous week, buoyed by a benign US inflation report and relief that Washington had averted a government shutdown, which restored investor confidence in risk assets, reports Reuters.According to LSEG data, investors pumped...

Dollar set for big annual gain as traders brace for high US rates

LONDON, SINGAPORE Dec 27 (Reuters): The US dollar was headed for an almost 7 per cent annual gain while Japan's yen was set for a fourth consecutive year of losses on Friday, as traders anticipated robust US growth would make the Federal Reserve cautious on rate-cutting well into 2025.The dollar...

Asia-Pacific markets mixed ---

Asia-Pacific markets were mixed Friday, as some markets return from the Boxing Day holiday and investors assessed economic data from the region, reports CNBC.China's industrial profits extended declines to a fourth straight month, dropping 7.3 per cent in November from a year earlier, signaling that Beijing's stimulus measures have yet...

S Korea's Shinsegae to set up joint venture with Alibaba

SEOUL, Dec 27 (Reuters): South Korean retailer Shinsegae plans to set up a joint venture with Alibaba International, Shinsegae affiliate E-Mart said on Thursday.The joint venture will be formed partly by Shinsegae investing its 100% stake in South Korean e-commerce platform Gmarket, it said in a regulatory filing.AliExpress Korea and...