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

Stocks retreat as investors weigh fuel oil price surge

Stocks retreated this week to Thursday from the previous week's big gain as investors went defensive following the fuel oil price surge amid growing economic pressures.This week saw four trading days instead of five days as Tuesday was public holiday on the occasion of holy Ashura. The benchmark DSEX index...

CSE awards 20 stock brokers

Chittagong Stock Exchange (CSE) has awarded 20 best performing stock brokers and dealers based on their turnovers in fiscal year 2021-22.The winners were selected in two categories -- dealer category and broker category. The award-winning firms in 'dealer category' are Galaxy capital, LankaBangla Securities, Prudential Capital, Sohel Securities, Islami Bank...

Business review meeting 2022 of Khulna and Shariatpur Region of National Bank held

The business review meeting 2022 of Khulna and Shariatpur Region of National Bank Limited was held at the Bangladesh Rice Research Institute, Regional Station, Faridpur, on Wednesday. Md. Mehmood Husain, Managing Director and CEO of the bank, presided over the meeting.

Five major Chinese firms to delist from NYSE

BEIJING, Aug 12 (AFP): Five major Chinese companies including two of the country's largest oil producers will delist from the New York Stock Exchange, the firms said in filings on Friday.Sinopec and PetroChina-two of the world's biggest energy firms-will apply for "voluntary delisting" of their American depositary shares, the companies...

Global equity funds see first weekly inflow in seven weeks

Global equity funds saw inflows in the week to Aug. 10 after six straight weeks of withdrawals, as investors took the view that the Federal Reserve might not be too aggressive with its interest rate hikes amid receding inflation worries, reports Reuters.According to Refinitiv Lipper, global equity funds lured $2.75...

Investors flock to US 'growth' stocks as inflation fears fade: BofA

Investors bought $7.1 billion in equities in the week to Wednesday, with US 'growth' stocks recording their largest weekly inflow since December 2021 in a sign that fears over soaring inflation are receding. Investors ploughed $11 billion into US equity funds in the week to Wednesday, their largest weekly inflow...

India shares post fourth straight weekly gain

Indian shares extended gains from previous trading sessions on Friday to post their fourth weekly addition, fuelled by metal and energy stocks, while investors awaited domestic inflation data for July. The Consumer Price Index (CPI) data is scheduled to be released after market close. A Reuters poll showed India's retail...

Abrdn buys stake in digital assets exchange Archax

British asset manager abrdn has bought a stake in digital assets exchange Archax, amid a wider push by investors into crypto-assets despite a recent plunge in value. The stake, acquired for an undisclosed sum, gives abrdn a seat on the board at Archax and makes the asset manager its largest...