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

Liquidation of Growth Fund to set example for asset managers

Asian Tiger Sandhani Life Growth Fund will be liquidated next week after the completion of 10 years, as the securities regulator has rejected the time extension appeal, a corrective move to change course from past mistakes.Timely redemption will allow unitholders to recover their investments at the current net asset value...

Stocks continue to fall for fourth day

Stocks closed lower on Monday amid persistent selling pressure and sluggish market momentum. The prime index of the Dhaka Stock Exchange (DSE) lost 16.18 points to settle at 5,220.67.The benchmark index of the Dhaka bourse witnessed correction for the fourth consecutive session. The blue-chip index DS30, comprising 30 leading companies,...

SOUTHEAST BANK SIGNS MOU WITH PAHARTALI GIRL'S SCHOOL AND COLLEGE

Southeast Bank signed a Memorandum of Understanding (MOU) with Pahartali Girl's School and College, Chattogram, at the bank's head office in Dhaka recently. Nuruddin Md. Sadeque Hossain, managing director of Southeast Bank, and Shah Mohammad Imran, principal of Pahartali Girl's School and College, signed the agreement. Under the MoU, the...

SCHOOL BANKING CONFERENCE HELD IN KHULNA

A daylong 'School Banking Conference' was held at a hotel in Khulna recently, aiming to inculcate the tendency of savings among students. Under the guidance of Bangladesh Bank and at the initiative of Al-Arafah Islami Bank PLC, students of 45 institutions participated in the event. Executive Director of Bangladesh Bank,...

Trust Bank holds Managers' Conference 2025

Major General Md Masudur Rahman, Adjutant General, Bangladesh Army, and Vice-Chairman of Trust Bank PLC was present as the chief guest at the Managers' Conference 2025 of the bank held at a hotel in Cox's Bazar recently. Ahsan Zaman Chowdhury, Managing Director of the bank, along with other directors, high...

China eyeing US farm exports for retaliation

BANGKOK, Mar 03 (AP): Chinese manufacturers reported an uptick in orders in February as importers rushed to beat higher US tariffs imposed by President Donald Trump, as a Chinese state media report said that Beijing was considering ways to retaliate.Trump earlier imposed a tariff of 10 per cent on imports...

Defence shares lift European stocks to near record highs

LONDON, Mar 03 (Reuters): European shares extended gains to trade near a record high on Monday, as defence stocks received a boost on prospects of higher military spending by the region.The pan-European STOXX 600 index was up 0.3 per cent at 0932 GMT, set to build on ten straight weeks...

Swiss central bank posts record profit of nearly $90b

ZURICH, Mar 03 (Reuters): The Swiss National Bank posted a record annual profit of 80.7 billion Swiss francs ($89.50 billion) in 2024, the central bank said on Monday, riding on the back of booming equity markets, rising gold prices and a stronger US dollar.The bank, which easily beat its previous...

Turkish annual inflation falls below 40pc

ISTANBUL, Mar 03 (AFP): Turkey's annual inflation rate slowed for a ninth consecutive month in February, falling below 40 per cent for the first time since June 2023, official data showed on Monday.The drop comes as the central bank will make its latest decision on interest rates on Thursday after...