Stocks log biggest single-week gain in 10 months
The benchmark index of the Dhaka Stock Exchange (DSEX) surged 3.56 per cent this week, marking its biggest weekly gain in 10 months, as investor sentiment remained buoyant despite concerns over US tariff hikes.The rally came amid fears surrounding the United States' proposed 35 per cent reciprocal tariff on Bangladeshi...
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Nvidia becomes first company to reach $4tn in market value
Nvidia's stock market value ended the trading session above $4 trillion for the first time on Thursday, solidifying the chipmaker's position as Wall Street's central player in a race to dominate AI technology, reports Reuters.Shares of Nvidia ended up 0.75% at $164.10, giving it a market value of $4.004 trillion...
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Levi’s shares jump after forecast on strong denim demand
Levi Strauss shares surged more than 7 per cent in premarket trading on Friday after the denim maker raised its annual revenue and profit forecasts, counting on robust demand at its stores and website to offset a margin hit from US tariffs, reports Reuters.The company has been investing in its...
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Global stocks fall after Trump sets tariff sights on Canada
SYDNEY/LONDON, July 11 (Reuters): Global stocks fell on Friday after US President Donald Trump ramped up his tariff war against Canada, leaving Europe squarely in the firing line, sparking a modest investor push into safe havens like gold, while bitcoin hit a new record high.The Canadian dollar fell after Trump...
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Global equity funds draw second weekly inflow on AI rally, tariff delay
Global equity funds drew inflows for a second consecutive week in the seven days to July 9, boosted by a rally in AI-linked stocks and expectations that pushing the US tariff rollout to August could positively affect ongoing trade talks, reports Reuters.Investors purchased a net $10.21 billion in global equity...
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