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

Navana Pharma eyes profit boost from capacity expansion

Navana Pharmaceuticals has decided to go for increasing production capacity of the existing facilities with the IPO proceeds, instead of building new manufacturing units, so it can meet the rising demand for its high-end drugs.Construction of new buildings will take a long time while the opening of letters of credit...

EBL wins Best Domestic Bank award for 3rd year straight

FE DeskEastern Bank Limited (EBL) has been honoured with the prestigious 'Bangladesh's Best Domestic Bank 2023' award, bestowed by the esteemed financial and management publication Asiamoney. EBL has clinched this accolade for the third consecutive year, as mentioned by a press release.Ali Reza Iftekhar, the managing director and CEO of...

IFIC Bank has opened three new branches in Meherpur, Nilphamari and Lalmonirhat recently. IFIC Bank's

IFIC Bank has opened three new branches in Meherpur, Nilphamari and Lalmonirhat recently. IFIC Bank's Meherpur branch was inaugurated by Md Azizul Islam, deputy commissioner and district magistrate of Meherpur. The Nilphamari branch was inaugurated by SM Sofiqul Alam Dablu, president of the district chamber of commerce. Lalmonirhat Branch was...

Inactive users bring DSE app subscriptions down 40pc in FY23

DSE mobile app users declined 40 per cent year-on-year to 46,622 in FY23 amid the suspension of registration of new subscribers as registered users became inactive in the bearish market. Alongside the number of subscribers, transactions through the app also plunged by more than 48 per cent to Tk 219.49...

Faruk Ahammad promoted to UCB DMD

Faruk Ahammad, a prominent banker, has recently been promoted to the position of deputy managing director at United Commercial Bank, according to a press release. Prior to the promotion, he was the senior executive vice president and chief financial officer at the bank.With over 23 years of versatile experience in...

London stocks gain on mining boost

British shares rose on Monday as mining stocks gained on higher metal prices and other Chinese-exposed companies firmed on hopes of more policy support from Beijing, while AstraZeneca dropped after the drugmaker reported some adverse event in a trial, reports Reuters.The blue-chip FTSE 100 gained 0.2 per cent, while the...

Apple's growing stock market heft poses dilemma for fund managers

NEW YORK, July 3 (Reuters): The massive rally in Apple's shares is forcing some fund managers to revisit a thorny dilemma: they may not own enough of the stock.Apple's share price has soared 49 per cent so far this year, ballooning its weight in stock indexes to record levels and...

Nasdaq futures rise before holiday as Tesla rallies

Nasdaq 100 futures rose on Monday, with the tech-heavy index set to extend its rally to the second half of the year, as shares of electric vehicle maker Tesla surged after reporting a record number of vehicles deliveries in the second quarter, reports Reuters.Tesla gained 6.1 per cent in premarket...

AstraZeneca shares drop as lung cancer trial update lags expectations

AstraZeneca said on Monday an experimental precision drug slowed progression of lung cancer in a late-stage trial, but the company's shares fell as much as 6 per cent as analysts said the benefits may not be as pronounced as hoped, reports Reuters.The drug, datopotamab deruxtecan, which is being jointly developed...

World stocks firm, Nikkei closes at 33-year peak

LONDON, July 3 (Reuters): World stocks rose to a two-week peak on Monday, with Japan's Nikkei closing at its highest level in 33 years, drawing support from signs that cooling inflation might temper central banks' appetite to further hike rates.European shares rallied, while US equity futures pointed to a positive...

Indian shares extend rally, end at fresh highs on financials boost

BENGALURU, July 3 (Reuters): India's blue chip indexes Nifty 50 and Sensex ended at fresh highs for the third consecutive session on Monday, aided by broad sectoral gains, with financial services in the lead.The Nifty rose 0.70 per cent to 19,322.55, while the S&P BSE Sensex gained 0.75 per cent...

Dubai leads Gulf markets higher; Abu Dhabi falls as oil slips

Most major stock markets in the Gulf rose in early trade on Monday, with the Dubai index outperforming the region, although the Abu Dhabi index bucked the trend, reports Reuters.Dubai's main share index - which traded after a four-session break - gained 1.3 per cent, driven by a 3 per...

Govt plans reform initiatives aimed at bolstering macroeconomic stability

The government has undertaken a series of medium-term (2025-26) reforms aimed at bolstering macroeconomic stability and promoting long-term growth apart from immediate policy responses due to the global and national economic contexts, reports UNB. The main objectives of these reforms include enhancing revenue generation, reducing the borrowing costs of the...

Nurun Nahar new deputy governor of Bangladesh Bank

Nurun Nahar took over as deputy governor of Bangladesh Bank on Sunday, according to a statement.She was serving as the senior-most executive director of Bangladesh Bank (grade-1) prior to her new role at the central bank.Nurun Nahar will serve the central bank for three years on a contractual basis.Born in...

Chartered Life Insurance Company Limited has introduced the Chartered critical illness protection plan,

CHARTERED LIFE INTRODUCES NEW PRODUCT Chartered Life Insurance Company Limited has introduced the Chartered critical illness protection plan, 'Chartered Suraksha'. This plan provides financial security and life insurance coverage for 45 critical illnesses, including stroke, cancer, first heart attack, major organ transplant, and kidney disease. The inauguration ceremony of the...