Stocks extend losses for fourth week, wiping out Tk 173b in market cap
Stocks fell deeper into the red, extending the losing streak for a fourth straight week, as jittery investors continued their sell-off despite regulatory efforts to restore investor confidence.The relentless bearish spell remains dominant, with investors finding no immediate solution to the prevailing dismal market outlook.The securities regulator introduced several measures...
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United Power's profit up 34pc on tariff hike, higher revenue
United Power Generation & Distribution Company posted a 34 per cent year-on-year profit growth to Tk 4.24 billion for the third quarter of FY25, driven by higher revenue following a bulk power tariff hike.The power generation company's consolidated earnings per share (EPS) stood at Tk 7.21 for the March quarter,...
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Mercantile Bank holds training on 'Prevention of Money Laundering'
Mercantile Bank organised a daylong training programme on 'Prevention of money laundering & combating financing against terrorism' for officials of Chattaogram, Feni, Noakhali and Cumilla regions at the Chattogram Club recently. A total of 270 officials participated in the training programme. Mohammad Jamal Uddin, Executive Director, Bangladesh Bank, Chattogram office,...
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Investors snap up European equity funds, but flee from US funds for third straight week
European equity funds attracted the largest weekly inflow in over a year in the week ending April 30, while US funds saw outflows for a third straight week on continued uncertainty around the impact of tariffs on global economic growth, reports Reuters.Investors bought a net $14.64 billion worth of European...
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Asia-Pacific markets rise --
Asia-Pacific markets rose after China said that it was evaluating possible trade talks with the US, reports CNBC.Markets in the region also trailed gains on Wall Street after all three key benchmarks advanced overnight on optimism that a slowdown in the global economy will not impede the progress of developments...
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