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

Switch to targeted fuel subsidies could save billions, protect the vulnerable

Fuel subsidies consume a significant share of government revenue each year, yet the benefits rarely reach those who need them most.The government bears this burden largely due to political pressure, but redirecting subsidy spending could free up funds for targeted support to the poor and underprivileged - as well as...

Stocks shrug off floor price removal as broader market holds firm

Stocks ended higher on Tuesday after a one-day break, as investors shrugged off concerns surrounding the withdrawal of floor prices from the last two stocks, with the broader market showing little impact from the regulatory move.The newly formed commission of the Bangladesh Securities and Exchange Commission (BSEC) on Monday lifted...

OpenAI files for US IPO after Anthropic as AI giants head to public markets

OpenAI confidentially filed for a US initial public offering recently, the ChatGPT maker said on Monday, joining rival Anthropic in a push toward a stock market listing as it looks to tap into insatiable investor demand for AI shares, reports Reuters.OpenAI did not disclose the size or terms of the...

MIDLAND BANK LAUNCHES WOMEN-CENTRIC SAVINGS SCHEMES

Midland Bank formally launched new savings products, specifically designed for women, aiming to foster disciplined saving habits and enhance financial security. These deposit pension schemes (DPS) offer affordable monthly installments and convenient digital banking services. The new products-Nari Surokkha DPS, Digital Nari Surokkha DPS, Saalam Mudaraba Nari Surokkha DPS, and...

PRIME BANK ORGANISES 'PRIME ACADEMIA EMPOWRING YOUTH SEASON 2.0' AT DIU

Prime Bank successfully organised "PrimeAcademia Empowering Youth Season 2.0" in collaboration with the career development center of Daffodil International University (DIU) and DIU Finance Club at the International Conference Hall, Knowledge Tower, DIU. The programme brought together students, academicians, and banking professionals for an engaging day focused on career readiness,...

BANGLADESH DEVELOPMENT BANK TO COLLECT SUBSCRIPTION FOR UNIVERSAL PENSION SCHEME

Bangladesh Development Bank PLC has officially launched the collection of subscriptions for the Universal Pension Scheme across its branch network. The bank organised a launching & training programme in its boardroom on Tuesday. Managing Director and CEO Md Jashim Uddin presided over the meeting while Executive Chairman of the National...

JANATA BANK'S 'FOUNDATION COURSE FOR OFFICERS'

Janata Bank Staff College, Dhaka organised a 25-day training programme titled 'Foundation course for officers' (Batch: 6/26) that began on Sunday. Managing Director of Janata Bank Md Muzibur Rahman inaugurated the course. A total of 50 senior officers of the bank are taking part in the course.

Major Gulf markets rebound

Major Gulf markets rebounded early on Tuesday after Iran and Israel said they had halted attacks, though Tehran warned the truce would end if Israel kept striking Hezbollah in Lebanon, reports Reuters.The most direct clash between the two countries since April threatened to derail Washington's efforts to broker an end...

Global stocks get a boost from tech dip-buying

LONDON, June 9 (Reuters): Global stocks rallied on Tuesday as investors rushed to buy the latest dip in tech stocks, while oil prices fell after Israel and Iran agreed to halt attacks on one another for now.In Europe, the STOXX 600 edged up 0.5 per cent, led by tech heavyweights...