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

Margin loans: The tale that has not been told

General investors and the country's capital market repeatedly become victims of accumulated burden of margin loans disbursed to big investors. The recent rapid market erosion is the latest such event that befell them.The regulatory bodies have always claimed that they take "market supportive measures", for example expanding the scope of...

US pension fund CalPERS backs Peltz, Rasulo in Disney board battle

NEW YORK, March 30 (Reuters): The California Public Employees Retirement System (CalPERS) said on Friday it voted to elect activist investment firm Trian Fund Management's two director candidates to Walt Disney's board, in one of the most closely watched and expensive battles for corporate control."CalPERS believes Walt Disney Co will...

Investors eye Fed rate cut, earnings as key to sustaining market rally

NEW YORK, March 30 (Reuters): After a stellar start to the year for stocks, investors are on guard for potential bumps in the second quarter as they gauge whether the Federal Reserve delivers on an expected interest rate cut by June and turn their focus on the health of upcoming...

Five sub-branches of Exim Bank were inaugurated at Chaterpaiya in Noakhali, Daganbhuiyan in Feni, Jagatpur in Chandpur,

Exim Bank inaugurates five sub-branches Five sub-branches of Exim Bank were inaugurated at Chaterpaiya in Noakhali, Daganbhuiyan in Feni, Jagatpur in Chandpur, Mirpur North Pirerbag in Dhaka and Elenga in Tangail. Managing director and CEO of Exim Bank Mohammad Feroz Hossain inaugurated the sub-branches virtually from the head office on...

Traders urged to remain active to keep market stable

The country's apex trade body FBCCI has urged the traders to remain active with an eye to stabilising prices in the commodity market.Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Mahbubul Alam made the call during a meeting with traders at Moulvibazar in Dhaka city on Saturday. "We're...

Envoy Textiles holds 28th AGM

Envoy Textiles Limited held its 28th Annual General Meeting (AGM) on Thursday with critical outcomes for its leadership and board structure, says a statement. At the meeting, Tanvir Ahmed was re-elected Managing Director (MD) for another term of five years. The AGM, held in a hybrid format at Gulshan Shooting...

Agrani Bank Training Institute (ABTI) organised a day-long training workshop on 'The Preparation for Board Memo,

Agrani Bank Training Institute (ABTI) organised a day-long training workshop on 'The Preparation for Board Memo, NPL Memo and Credit Committee Momo' in the capital on Saturday. Managing Director and CEO of Agrani Bank Murshedul Kabir inaugurated the workshop. Md Shahadat Hossain, director of Board of Directors, and Md Aminul...

Saudi e-commerce thrives as sales using Mada cards reach $3.76b

RIYADH, Mar 30 (Arab News): Saudi e-commerce sales using Mada cards reached SR14.11 billion ($3.76 billion) in February - an annual increase of 25 per cent, the Kingdom's central bank has revealed.This figure includes transactions through online shopping, in-app purchases and e-wallets, and excludes transactions by Visa, MasterCard and other...

IMF approves $820m as part of Egypt bailout

WASHINGTON, Mar 30 (AFP): The International Monetary Fund announced on Friday the immediate disbursement of $820 million to the Egyptian government, part of an augmented plan to aid the nation's stumbling economy.The IMF's Executive Board validated the payment as part of a $3 billion aid program granted at the end...