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

Markets in free fall, then skyrocket: inherent flaws laid bare

The Dhaka bourse on Thursday turned overly upbeat just a day after it showed the highest correction of the prime index in about five years without any significant change on economic or geo-political front. A majority of the stocks recovered from the heavy loss that they endured the day before...

Paramount Insurance profit up 5pc on cost cuts

Listed non-life insurance company Paramount Insurance showed a 5 per cent year-on-year increase in profit to Tk 4.81 million in its first quarter (January-March) of 2025, supported by lower management and commission costs.The earnings per share (EPS) rose to Tk 1.18 for the first quarter of 2025 from Tk 1.13...

EBL employees conquer Nepal's Mera Peak

Five employees of Eastern Bank conquered the Mera Peak mountain in Nepal, sponsored by the bank. They ascended the peak of the mountain (6,476 meters above sea level) on April 17, according to a statement.To mark this exceptional feat, EBL hosted a celebration programme and press conference at its head...

$58m IFC loan for Renata to help address working capital needs

The International Finance Corporation (IFC) has committed to providing a US$58 million long-term loan to Renata PLC, a leading pharmaceutical company in Bangladesh. The aim is to bolster the country's pharmaceutical sector and its capacity to deliver essential healthcare products.This financing will help address the company's critical working capital needs,...

GCC market capitalisation surpasses $4.2tn

RIYADH, May 8 (Arab News): Capital markets across the Gulf Cooperation Council surpassed a combined capitalization of $4.2 trillion by the end of 2024, highlighting strong regional economies and sustained investor confidence. The figure was revealed by Jasem Al-Budaiwi, secretary-general of the GCC, during his address at the third edition...

MUTUAL TRUST BANK INKS DEAL WITH RENATA FOR PAYROLL SERVICES

Mutual Trust Bank (MTB) recently signed an agreement with Renata for providing payroll banking services to its employees. Syed Mahbubur Rahman, managing director & CEO of MTB, and A K M Shihabul Kabir, senior manager, Human Resources, Manufacturing Sites of Renata, were seen exchanging the documents at a ceremony on...

Dubai Int’l Chamber launches representative office in Dhaka

Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has announced the launch of a new international representative office in Dhaka to further strengthen trade and investment relations between the business communities in Dubai and Bangladesh, reports UNB.The opening of the new office increases...

Janata Bank holds branch managers conference -

A divisional branch managers conference of Cumilla and Noakhali of Janata Bank PLC was held at the Bureau of Bangladesh Cumilla Training Centre on Thursday. Chairman of the bank M Fazlur Rahman attended the conference as the chief guest while Managing Director Md Mozubur Rahman was the special guest. Area...

Trainers get Agrani Bank certificates

The concluding ceremony of a 10-day training course on "International Trade, Payment and Finance" organised by the Argani Bank Training Institute (ABTI) of Agrani Bank PLC was held in the city on Thursday. Deputy Managing Director of the bank Md Abul Bashar distributed certificates among the participants as the chief...

Union Bank holds 33rd board meeting

The 33rd meeting of the newly-formed board of directors of Union Bank PLC was held at its head office in the city on Thursday. Chairman of the bank Md Fariduddin Ahmed presided over the meeting. Chairman of Risk Management Committee Md Humayun Kabir, Chairman of Audit Committee Sheikh Zahidul Islam,...

Maersk warns global container volumes could drop due to trade war

COPENHAGEN, May 08 (Reuters): Shipping group Maersk said on Thursday container volumes plunged 30-40 per cent between the US in China in April as a trade war erupted between the world's top economies, and warned a protracted dispute could shrink global volumes this year. However, the Danish group stuck to...

Market recession: dissecting the signal from the noise

LONDON, May 8 (Reuters): Global recession risks have shot back up markets' worry list, but the readout from economic data and key financial indicators is not as clear cut as it first appears.A 90-day pause on most reciprocal tariffs unveiled by US President Donald Trump in April has eased investors'...

BoE cuts interest rate as US tariffs hit economy

LONDON, May 08 (AFP): The Bank of England on Thursday cut its key interest rate by a quarter point to 4.25 per cent as the threat of US tariffs starts to weigh on economic growth.The central bank's fourth such reduction in nine months, which had been widely expected by markets,...

Toyota cites tariffs as it forecasts 35pc net profit drop

TOKYO, May 08 (AFP): Japanese auto giant Toyota forecast on Thursday a 35 per cent year-on-year drop in net profit for the current financial year, citing Donald Trump's vehicle tariffs among other factors.Carmakers have been among the hardest hit by the US president's multi-pronged assault on free trade.On top of...