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

BSEC orders deeper probe into Shahjalal Equity over ACME IPO fraud

The stock market watchdog has ordered a further investigation into Shahjalal Equity Management to substantiate preliminary findings that the issue manager failed to raise the alarm when ACME Pesticides raised public funds using fabricated financial statements.Based on the findings, to be reported within 30 working days from the issuance of...

City Sugar, SAJIDA Foundation get nod for zero-coupon bonds

The securities regulator has approved two zero-coupon bonds-one by City Sugar Industries Ltd and another by SAJIDA Foundation-highlighting the growing reliance of large corporations on alternative financing instruments.City Sugar Industries will collect Tk 13 billion through a three-year zero-coupon bond. The bond will be 100 per cent secured (mortgage-backed), non-convertible...

Morgan Stanley downgrades global equities; sees US as 'defensive' market amid Mideast conflict

Morgan Stanley downgraded global equities and upgraded cash and US government bonds, as investors shun risk in favor of safe-haven assets due to mounting uncertainty stemming from the Middle East war, reports Reuters.The Wall Street brokerage cut its rating on global equities to "equal weight" from "overweight", while raising US...

MODHUMOTI BANK DISCUSSION ON INDEPENDENCE DAY

Modhumoti Bank PLC held a discussion on the importance and significance of Independence Day at the bank's Head Office in Dhaka on Sunday. Shahnawaj Chowdhury, Managing Director (Current Charge); Arab Fazlur Rahman, Deputy Managing Director & Chief Business Officer; Arif Hasan Khan, SEVP & Chief Risk Officer; Md. Shafiqur Rahman,...

Prime Bank teams up with Vista Electronics for customer discounts on electronics

Prime Bank signs a partnership agreement with Vista Electronics at its corporate office in the capital, offering customers exclusive discounts on a range of electronic products. Joarder Tanvir Faisal, head of cards & retail assets of Prime Bank, and Lokman Hossain Akash, managing director of Vista Electronics, signed the agreement,...

New Nasdaq rules to include 'fast entry' for new listings on benchmark index

NEW YORK, March 30 (Reuters): Nasdaq will roll out a set of rules including steps to speed up the entry of newly listed large-cap companies to its Nasdaq-100 index, as the exchange operator seeks to reduce delays in joining the flagship equity benchmark.As richly valued technology companies such as SpaceX...

JANATA BANK HOLDS BRANCH MANAGERS' CONFERENCE:

The Dhaka South Divisional Office of Janata Bank PLC held a branch managers' conference at a hotel in the city on Monday. Chairman of the bank Md Fazlur Rahman attended the event as the chief guest while Managing Director Md Mazibur Rahman and Deputy Managing Directors Kazi Abdur Rahman and...

SONALI BANK HOLDS 42ND SMT MEETING

The 42nd Senior Management Team (SMT) meeting of Sonali Bank PLC was held at the bank's head office conference room on Monday. SMT Chairman and MD & CEO of Sonali Bank Md Shawkat Ali Khan presided over the meeting. Among others, Deputy Managing Directors, General Managers of head office and...

European stocks rise ahead of German inflation data

European shares edged higher in choppy trading on Monday as energy stocks rose, while investors awaited inflation data from Germany, euro zone's largest economy, that could shed light on the impact of the Middle East war on the bloc, reports Reuters.After a weak open, the pan-European STOXX 600 was up...

Iran war volatility strains trading in world's biggest markets

LONDON/NEW YORK/SINGAPORE, March 30 (Reuters): The war in Iran has sparked chaos across financial markets, leaving some investors and market makers reluctant to take on risk, making trading harder and costlier - a scenario regulators watch closely.None of the world's biggest markets, from US Treasuries, to gold, to currencies have...

Gulf markets retreat amid escalating Middle East conflict

Most Gulf stock markets slipped in early Monday trading after Yemen's Houthis launched attacks on Israel over the weekend, further escalating the US-Israel conflict with Iran and its proxies in the Middle East, reports Reuters.Amid the rising tensions, US President Donald Trump said Washington and Tehran had been communicating both...

Indian shares set for worst fiscal since 2020

India's benchmark indexes were on track for their weakest financial-year performance in six years on Monday, battered by a mix of geopolitical shocks, US tariffs and record foreign investor outflows, reports Reuters.While supportive fiscal and monetary measures boosted the earnings outlook, market sentiment deteriorated sharply toward the fiscal-year end as...