Reckitt Benckiser to pay record dividends for 2024 despite lower profit
FE REPORTAfter giving a decade low dividend in 2023, Reckitt Benckiser declared the highest-ever 3,330 per cent cash dividend for 2024, despite making a lower profit in the year compared to the previous year. The UK-based multinational firm, which sells health and hygiene products, raked in Tk 752 million in...
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Public opinions sought on proposed changes to IPO rules
The stock market regulator has sought public opinions on the proposed amendments to IPO (Initial public offering) rules. The task force formed to advise market reforms submitted a set of recommendations to the securities regulator on March 24, meant to modernise regulatory frameworks, enhance market efficiency, and ensure transparency to...
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68 women entrepreneurs graduate from BRACU, DIU
BRAC Bank, in collaboration with BRAC University (BRACU), and Daffodil International University (DIU), hosted graduation ceremonies for 68 women of its entrepreneur accelerator programme, Uddokta 101.A total of 38 women from BRACU and 30 from DIU successfully completed the programme, according to a statement.The ceremony of BRACU took place on...
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China sovereign fund steps in to support stocks plunging on trade war
SHANGHAI, April 7 (Reuters): China intervened on Monday to support domestic stocks plunging on US tariff woes, with a sovereign wealth fund increasing its holdings in equities and saying it would defend market stability.Central Huijin Investment, a unit of China Investment Corp, said in statement it has added China-listed shares...
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The worst market crashes since 1929
PARIS, April 7 (AFP): Monday's stock market collapses in Asia and Europe after China retaliated to steep US tariffs revived memories of similar market turmoil after the Covid pandemic and the last global financial crisis.Analysts called the falls "historic" and some even described it as a "bloodbath", recalling previous collapses...
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