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

BSEC top executives hanging between stay and leave orders of interim govt

The head of the securities regulator is awaiting the formation of the interim government to decide whether he should continue his job or resign from his post.At the hour of power transition after the government led by Sheikh Hasina was toppled on Monday, chiefs of several government bodies have been...

Stocks rally for 2nd day on high hopes for market overhaul

Stocks witnessed yet another upbeat session on Wednesday, with the key index exceeding 5,600 points after three months, as buoyant investors continued their buying spree.The market rally was largely supported by fundamentally-strong stocks as the recent developments in the country's political landscape boosted investors' confidence.Substantial price surge of large-cap stocks,...

Walt Disney earnings beat market estimates; profit slips at parks

LOS ANGELES, Aug 7 (Reuters): Walt Disney reported on Wednesday quarterly earnings that exceeded Wall Street expectations, buoyed by the success of animated Pixar film "Inside Out 2", which helped overcome a profit decline at theme parks.Shares of the company rose nearly 3 per cent in premarket trading.April-June operating income...

SOUTHEAST BANK SIGNS MOU WITH TRAVEL BUSINESS PORTAL

Southeast Bank PLC signed a Memorandum of Understanding with Travel Business Portal at the bank's head office for providing Payment Gateway Service, Payroll Banking Service, Collection Service, Payment Services, and other banking services on August 7, 2024. The bank's Managing Director Nuruddin Md Sadeque Hossain, and Proprietor Md Monzurul Alam...

AKM Shahnawaj new AMD of Dhaka Bank

Dhaka Bank has promoted AKM Shahnawaj as the Additional Managing Director (AMD) with effect from July 1.He joined the bank in 2013 as the Senior Executive Vice President (SEVP) and previously fulfilled his duties in the bank as the Regional Manager, Chattagram, Manager of Local Office Branch, Dhaka, and Deputy...

US 30-year mortgage rate drops on weak jobs data, Fed rate-cut signal

NEW YORK, Aug 07 (Reuters): The interest rate for the most popular US home loan plunged last week to its lowest level in 15 months, after the Federal Reserve signaled it could start cutting its policy rate in September, and a downshift in the job market bolstered financial market bets...

Elon Musk sues Unilever, Mars over X 'boycott'

WASHINGTON, Aug 07 (BBC): Elon Musk's X/Twitter is suing a group of advertisers and major companies, accusing them of unlawfully agreeing to "boycott" the site.It has filed a claim against the food giants Unilever and Mars, private healthcare company CVS Health, and renewable energy firm Orsted - along with a...

Google antitrust ruling may pose $20b risk for Apple

WASHINGTON, Aug 07 (Reuters): Apple's lucrative deal with Google could be under threat after a US judge ruled that the Alphabet-owned search giant was operating an illegal monopoly.A potential remedy for Google to avoid antitrust actions could involve terminating the agreement, which makes its search engine a default on Apple...

Saudi Arabia exports to South Korea surge 36pc to $2.75b

RIYADH, Aug 07 (Arab News): Saudi Arabia's trade with South Korea remains strong, with exports from the Kingdom increasing 36.19 per cent year-on-year to SR10.31 billion ($2.75 billion) in May, official data showed. It was the second-largest destination for Saudi exports in May behind China, which received goods worth SR15.91...

Foreign inflows into Asian equities slow sharply in July, hit by tech slump

Foreign investment in Asian equities slowed in July amid increased market volatility and heavy selling in technology stocks, compounded by weak economic data and disappointing corporate earnings that dampened risk sentiment, reports Reuters.Fears of a second Trump presidency also sparked concerns that his administration might impose new tariffs on exports...

Novo Nordisk shares slide after rare miss on obesity drug Wegovy sales

LONDON, Aug 7 (Reuters): Novo Nordisk on Wednesday trimmed its full-year profit outlook after reporting weaker-than-expected quarterly sales of its popular weight-loss drug Wegovy, stirring worries among investors about stiffening competition from Eli Lilly.The results end a prolonged streak of positive earnings news from the first mover in the obesity...

Gulf shares broadly extend gains amid global stock rebound

Stocks in the Middle East broadly rose on Wednesday, extending their comeback from an aggressive sell-off in global stocks earlier in the week driven in part by fears of a possible US recession, reports Reuters.Stock markets in Saudia Arabia, Dubai and Abu Dhabi all ended the day higher as shares...

Indian shares snap 3-day losing run to join global rebound

BENGALURU, Aug 7 (Reuters): India's benchmark indexes rose about 1 per cent on Wednesday, snapping a three-session losing streak and a day late in joining the global rebound as fears of a US recession abated.The NSE Nifty 50 index gained 1.27 per cent to close at 24,297.5, and the S&P...

Volatile markets test Kishida's push to make Japan a nation of investors

TOKYO, Aug 7 (Reuters): A day after the Tokyo stock market had its biggest fall since 1987, Yuri Sekiya decided it was time to heed Prime Minister Fumio Kishida's longstanding call for Japanese citizens to invest more of their $15 trillion in household assets.The recent market volatility has emerged as...

Sony posts 10pc profit rise on image sensor boost

TOKYO, Aug 07 (Reuters): Sony on Wednesday reported a 10 per cent rise in operating profit in the April-June quarter, beating analyst estimates, boosted by its industry-leading image sensor business.Profit at the Japanese tech and entertainment conglomerate was 279 billion yen ($1.90 billion), compared with an average estimate of 275...