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

Stocks back in the red as traders weigh earnings

The stock market returned to the red this week, eroding prior week gains, as wary investors dumped their holdings of major sector shares amid increasingly gloomy and uncertain economic outlook. Moreover, the recent dismal earnings reported by most of the companies added to the investors' woes, prompting them to partially...

IBBL inaugurated 393rd branch at Dhunot in Bogura

Islami Bank Bangladesh Limited inaugurated its 393rd branch at Dhunot in Bogura on Thursday. Md Habibar Rahman, an MP from Bogura-5 constituency, inaugurated the branch as the chief guest while Muhammad Qaisar Ali, Additional Managing Director of the bank, presided over the function.

ICAB celebrated the International Accounting Day 2022

The Institute of Chartered Accountants of Bangladesh (ICAB) celebrated the International Accounting Day 2022 with various programmes on Thursday. ICAB President Md Shahadat Hossain, Prof Md Muinuddin Khan, former chairman, AIS, DU, Dr Abdul Mannan Shikder, president, The Accounting Alumni, Dhaka University, and ICAB CEO Shubhashish Bose joined a rally...

Beximco Pharma's profit drops in Q1 even as revenue up

Beximco Pharmaceuticals witnessed a 4.7 per cent drop in net profit in the first quarter (Q1) of the current financial year on the back of higher raw materials costs and sharp depreciation of local currency, despite having registered higher revenue.The drug maker's profit after tax stood at Tk 1.41 billion...

Credit Suisse overhaul draws scrutiny from some investors over governance

LONDON/ZURICH, Nov 11 (Reuters): Credit Suisse's recent decision to exit certain investment banking activities is drawing scrutiny from at least two investors and a proxy adviser who told Reuters they are worried about how the Swiss bank managed potential conflicts of interest of two directors.The move to break up the...

Global equity funds register outflows

Global equity funds registered net outflows for the first time in three weeks in the week to November 9, undermined by caution ahead of the US midterm election results and the release of key inflation data, reports Reuters.According to Refinitiv Lipper data, investors exited a net $11.56 billion worth of...