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

Berger's record profit fails to boost stock price

Berger Paints fell 0.22 per cent to Tk 1,845.6 per share on the Dhaka bourse on Sunday despite its disclosure of record annual profit for the year ended in March this year.The market leader in the local paints industry reported a consolidated profit of Tk 3.24 billion in the year...

Banks come out of subdued business on market-based interest rate

Despite economic challenges amid high inflation and prevailing dollar crisis, six listed banks achieved good profits in the second quarter (Q2) through June this year, driven by higher interest spread. The lenders reaped the benefit of their wise move investing in Treasury bills and bonds. They also got the advantage...

ONE Bank holds 25th Annual General Meeting

ONE Bank held its 25th annual general meeting on July 25, 2024 at Lakeshore Grand, Gulshan, Dhaka. A.S.M Shahidullah Khan, honorable chairman of the board of directors, presided over the AGM. The Bank declared 3.5 per cent cash and 3.5 per cent bonus shares in the AGM.

Bahrain Bourse issues new regulatory framework for market makers

RIYADH, July 28 (Arab News): The Bahrain Bourse has introduced a new regulatory framework for market making and updated the rules for liquidity providers to advance capital and bolster its funds.The initiative, approved by the Central Bank of Bahrain, aims to align the exchange's practices with international standards, benefiting investors...

China veers off beaten path with consumer stimulus

BEIJING, July 28 (Reuters): China's use of ultra-long treasury bonds to fund a consumer goods trade-in programme deviates from the usual playbook of boosting investment to support the economy and is fuelling expectations for more stimulus that targets household demand.The state planning agency said on Thursday that about 150 billion...

AGRANI EQUITY AND INVESTMENT LTD HOLDS 14TH AGM

The 14th Annual General meeting (AGM) of Agrani Equity and Investment Ltd, a subsidiary of Agrani Bank PLC, was held at the head office of the bank recently. Chairman of the Board of Directors of Agrani Equity and CEO of Agrani Bank Md Murshedul Kabir presided over the meeting. The...

China boosts financing support for smaller innovative tech companies

BEIJING, July 28 (Reuters): China will enhance support for small and medium-sized technology enterprises through its national financing guarantee fund, the finance ministry said on Friday, in a bid to leverage more funding for the technology and innovation sector.Beijing is working towards achieving technological self-reliance and is fostering innovation in...

Markets nervy of their own over-confidence

LONDON, July 28 (Reuters): Often the scariest thing in markets is a rout without a trigger.People are still unsure about the precise cause of the October 1987 crash, for example. And when the Nasdaq clocked a 10 per cent one-day drop in April 2000, marking the first pop in the...

Equities, bonds draw inflows in latest week, BofA report says

LONDON, July 28 (Reuters): Most regions saw equity inflows in the week to Wednesday, led by emerging markets and the US, Bank of America Global Research said, as investors brought forward expectations for Federal Reserve rate cuts due to softer data.There were $22.2 billion of equities inflows in the latest...

Spot LNG prices slip as Freeport LNG loadings resume, Japan stocks rise

SINGAPORE, July 28 (Reuters): Asian spot liquefied natural gas (LNG) prices eased last week, amid a resumption of loading at Freeport LNG in the United States and rising inventory levels held by major Japanese utilities, reports Reuters.The average LNG price for September delivery into north-east Asia was at $12.00 per...

AI startups swap independence for Big Tech's deep pockets

WASHINGTON, July 28 (AFP): It's the case of the vanishing startup: some of Silicon Valley's most promising names in the fast-developing generative AI space are being gobbled up by or tied to the hip of US tech giants.Short on funds, in the past few months promising companies like Inflection AI...

Mitsubishi Motors to join Honda-Nissan alliance

TOKYO, July 28 (Reuters): Japan's Mitsubishi Motors is set to join an alliance between Honda Motor and Nissan Motor, creating a tie-up between automakers with combined sales of more than 8 million vehicles, the Nikkei newspaper said on Sunday.Mitsubishi Motors, which is 34 per cent owned by Nissan, will work...

Egypt signs investment deals worth $340m to boost oil and gas production

CAIRO, July 28 (Arab News): Egypt's Ministry of Petroleum and Mineral Resources signed two agreements with international companies on Sunday to invest $340 million to boost oil and gas production in the Mediterranean and Gulf of Suez.After discussions between Egypt's Petroleum Minister Karim Badawi and executives from international oil and...

Paytm gets govt nod for investment in payments arm

NEW DELHI, July 28 (Reuters): India's Paytm has got approval from the government for its 500 million rupees ($5.97 million) investment in a key subsidiary, a top finance ministry official told Reuters on Friday.The approval, which was stuck for months due to the company's link to China, will remove the...