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

Uniform online platform for stock market entities from January

FE REPORTAll entities of the stock market will come under a uniform online communication platform for reporting to the securities regulator on January 1, 2023.The Bangladesh Securities and Exchange Commission (BSEC) has issued an order to complete developing the platform by December 31 this year."All entities will be able to...

159 complaints of investors addressed through CCAM in nine months

FE ReportAs many as 159 complaints submitted online by investors have been addressed in the last nine months, according to the Bangladesh Securities and Exchange Commission (BSEC) data. The online Customer Complaints Address Module (CCAM) introduced by the securities regulator on September 30 in 2019 has brought much relief to...

Morgan Stanley sees 12pc CAGR for private capital mkt

Private capital market is set to grow at a 12 per cent annual rate on a compounded basis to $17 trillion in assets under management (AUM) over the next five years, Morgan Stanley analysts said on Friday, reports Reuters.As one of the highest-returning asset classes in past years, the market...

News Briefs (2022-10-09)--

Board meeting DESCO: The Dhaka Electric Supply Company Ltd. has informed that a meeting of its Board of Directors will be held on October 13 at 3:00pm to consider, among others, audited financial statements of the company for the year ended June 30, 2022.Extension of share trading suspension PLFSL: Referring...

Stay sidelined or scoop up stocks?

NEW YORK, Oct 08 (Reuters): As a painful decline in markets drags on, investors are grappling with a difficult choice: stick with stocks and hope for a turnaround or avoid them until better times arrive.The S&P 500 is down 23 per cent on the year, with a brief rally in...

Credit Suisse pays down debt to calm investors

ZURICH, Oct 8 (Reuters): Credit Suisse will buy back up to 3 billion Swiss francs ($3 billion) of debt, an attempt by the Swiss bank to show its financial muscle and reassure investors concerned about the lender's overhaul and how much it may cost.Speculation about the bank's future gathered pace...

Chip stocks slide as AMD, Samsung expect steep fall in demand

Dire forecasts from Samsung Electronics Co Ltd and Advanced Micro Devices Inc sent chip-related shares lower on Friday, sparking fears that a slump in demand for semiconductors could be much worse than expected, reports Reuters.AMD, Nvidia Corp, Intel Corp, Qualcomm Inc and Micron Technology Inc were down between 1.2 per...

Cash crunch for British funds puts regulators under pensions lens

LONDON, Oct 8 (Reuters): A scramble for cash by Britain's pension funds after last week's bond market crash has raised questions about oversight of a 1.6 trillion pound ($1.8 trillion) business that has grown rapidly in recent years.Pension funds had to post emergency collateral in liability-driven investments (LDI), which deploy...

Brazil's MRV puts plan for US unit funding process on hold

SAO PAULO, Oct 8 (Reuters): Shares in Brazilian homebuilder MRV fell on Friday after it announced that plans for a private equity funding process for its US unit Resia were put on hold due to unfavourable market conditions.MRV Engenharia e Participacoes SA, as the company is formally known, said on...

Climate-hit businesses pin hopes on BD’s new plan to adapt

Khaleda Sultana's small workshop in Dhaka, where she makes homeware and handicrafts from jute and other plant fibres, is far from the coastal areas of Bangladesh that are struggling to cope with rising seas and powerful storms, reports The Thompson Reuters Foundation.But, she says, her business still needs to adapt...

World facing ‘5th wave’ of debt crisis, says WB chief

WASHINGTON, Oct 08 (AFP): The world is facing a "fifth wave of debt crisis," World Bank (WB) President David Malpass warned Friday, calling for more support for countries in distress.The pandemic forced many countries to take on more borrowing, and the World Bank and International Monetary Fund have warned that...

Gross insurance premium rises 28.8pc to $3.3b

RIYADH, Oct 08 (Arab News): Total gross written premiums of the insurance sector increased 28.8 per cent to SR12.2 billion ($3.3 billion) in the second quarter from SR9.5 billion in the same period last year, reported Saudi Central Bank, also known as SAMA."GWPs are a good indicator of the overall...

Import-export through Hili Land Port resumes

RANGPUR, Oct 08 (BSS): Import and export activities resumed on Saturday through Hili Land Port (HLP) in Hakimpur upazila of Dinajpur after an eight-day vacation on the occasion of the Durga Puja.General Secretary of the Customs, Clearing and Forwarding Agents Association of HLP Jamil Hossain Cholonto said import-export activities remained...

India's top bikemaker Hero launches e-scooter to chase startups

MUMBAI, Oct 08 (Reuters): India's Hero MotoCorp the world's biggest motorcycle maker by sales, launched its first electric scooter worldwide on Friday as it looks to catch up with newer businesses that have taken the lead in the shift to cleaner transport.Like some other legacy automakers in India, Hero has...

Ambani 'setting up family office in Singapore'

NEW DELHI, Oct 08 (UNB): India's billionaire businessman Mukesh Ambani is reportedly setting up a family office in Singapore, joining the rush of the world's ultra-rich opening such entities in the Asian city-state to manage their wealth.Ambani, the owner of India's oil-to-telecom conglomerate Reliance Industries, has even hired a manager...