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

Stocks snap three-week losing streak

Stocks ended the outgoing week in the green, snapping a three-week losing streak as selling pressure faded following the settlement of the cheque encashment issue.Considering the demand from stockbrokers, the securities regulator on Tuesday restored the scope of purchasing shares against investors' cheques before encashment. Of the five trading days...

Tax receipts from DSE drop 16pc in Oct

The government's revenue earnings from the Dhaka Stock Exchange (DSE) slumped 16 per cent month-on-month in October on the back of falling turnover value.Market analysts said the turnover fell sharply as technical glitches interrupted trading twice last month.The technical glitches forced the authorities to reduce the trading time by three...

BIA held 205th executive committee meeting

Bangladesh Insurance Association (BIA) held its 205th executive committee meeting at the BIA conference room in Dhaka on Thursday, with its President Sheikh Kabir Hossain in the chair. First vice president of BIA Nasir Uddin Ahmed and vice president AKM Monirul Haque were present, among others. At the end of...

PayPal tumbles after forecast cut

PayPal Holdings shares dropped nearly 6 per cent in morning trade on Friday after the digital payments heavyweight lowered its annual revenue forecast, warning of a bleak holiday quarter as consumers cut back on discretionary spends, reports Reuters.Decades-high inflation has hit the purchasing power of consumers who also have to...

BRAC Bank facilitates finance to entrepreneurs

BRAC Bank has extended financing facilities to up-and-coming entrepreneurs who have been given extensive training under the Skills for Employment Investment Program (SEIP), an entrepreneurship development initiative of Bangladesh government and Asian Development Bank, coordinated by Bangladesh Bank, says a press release. BRAC Bank conducted elaborate training to 50 budding...

Global stocks rise after US jobs temper rate expectations

LONDON, Nov 4 (Reuters): Stocks extended gains on Friday after data painted a picture of a US economy that is creating jobs, but is starting to slow, tempering expectations for the Federal Reserve to keep raising rates as fast to fight inflation.The Bureau of Labour Statistics said 261,000 workers were...