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

Square Pharma's export up 22pc in FY24, as it diversifies markets, products

Square Pharmaceuticals registered a 22.4 per cent year-on-year export growth in FY24, riding on a higher demand for its products in the global market.The country's largest drug manufacturer's export revenue stood at Tk 2.39 billion in FY24, up from Tk 1.96 billion the year before, according to its annual report...

Regulator to demand answers from non-compliant cos

In a major drive to enforce compliance, the stock market regulator is going tough on errant companies that failed to complete the distribution of approved dividends within the stipulated time.As part of the move, the Bangladesh Securities and Exchange Commission (BSEC) will hold a meeting with the top brass of...

Shahjada new shareholder director of CSE

Shahjada Mahmud Chaudhri has been declared as new shareholder director of the port city bourse as his contestant withdrew his candidature ahead of the polls.An election arranged by the Chittagong Stock Exchange (CSE) was scheduled for December 12 on completion of three-year tenure of a shareholder director.Apart from Shahjada Mahmud...

EBL HOSTS STUDENT AGENCY NIGHT

Eastern Bank on Monday organised 'Student Agency Night', bringing together Sylhet's leading education agencies, which guide students seeking educational opportunities abroad. The event at Hotel Crown Park in Sylhet was part of the bank's initiative to strengthen its role as a reliable partner for students and their families. Nearly 100...

PRIME BANK HOLDS ANNUAL CONFERENCE ON RISK HANDLING

Prime Bank recently hosted its 'Annual Risk Conference 2024' to raise awareness of risk management policies and guidelines established by the Bangladesh Bank while addressing current challenges within the banking sector. Seasoned central bankers shared their insights in the conference held at the bank's office in Niketon in the capital....

Global stocks grapple with political turmoil in South Korea, France

LONDON/SINGAPORE, Dec 4 (Reuters): Global shares were mixed on Wednesday as markets digested political turmoil in South Korea, where martial law was imposed and then lifted hours later, and France, where an upcoming no-confidence vote also put the euro in the spotlight.In South Korea, Asia's fourth-largest economy, lawmakers called on...

Norway's wealth fund excludes two firms from Israel, Russia

OSLO, Dec 4, (AFP): Norway's sovereign wealth fund, the world's largest with assets of around $1.8 trillion, has excluded an Israeli and a Russian group on ethical grounds.The Norwegian central bank, which manages the fund, said late Tuesday that it had divested its holdings in Israeli telecoms group Bezeq.The company...

Politics prove investors right on the 'Korea Discount'

SINGAPORE, Dec 4 (Reuters): Global investors have always valued South Korea below other markets for reasons ranging from tensions with the North to the tight structures of its conglomerates - politics this week gave them cause to deepen that discount.Korean stocks fell and the won plunged to two-year lows on...

GM to take more than $5 billion in charges on China operations

DETROIT, Dec 4 (Reuters): General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture in China, one related to the restructuring of the operation and another reflecting its reduced value.GM's China division, once a profit engine for the...