Ensuring good governance in the country's capital market is the first priority of newly-appointed Chairman of the securities regulator Dr. M Masrur Reaz."The revolution done by the youths paved the way for ensuring good governance in the market," said Mr Reaz in a telephonic interview with The FE immediately after...
Read moreStocks endured erosion for the second consecutive day on Tuesday as risk-averse investors preferred to bag profits on quick-gaining shares.The market opened sharply lower and the downturn persisted throughout the session as sellers continued their dominance to realize their recent gains in apprehension of a probable shift in market momentum.The...
Read moreBRAC Bank recently signed a partnership agreement with VisionSpring to extend complimentary eye care through 'Aporajeyo Ami,' the bank's flagship corporate social responsibility initiative dedicated to healthcare.By collaborating with the US-based social enterprise, BRAC Bank aims to screen the vision of 15,000 factory workers from its corporate and emerging corporate...
Read moreLankaBangla Finance showed a 74 per cent year-on-year decline in profit to Tk 25.77 million in the second quarter through June this year as its provision soared by a whopping 1,200 per cent.According to its financial statements, it had kept Tk 24.05 million as provision against non-performing loans and unrealised...
Read moreBank Asia PLC, as part of its corporate social responsibility, encouraged Gulshan Society with Tk 1 million for cleaning and desilting Gulshan Lake. Mr. Sohail RK Hussain, the managing director of Bank Asia, handed over the cheque to Barrister Omar Sadat, president of Gulshan Society at the Bank Asia Tower,...
Read moreSHANGHAI/HONG KONG, Aug 13 (Reuters): A global markets sell-off spurred by an unwinding of yen-funded carry trades has turned the spotlight on China's yuan, which is also used widely as a cheap funding currency.While August has seen the yuan rise sharply by 2 per cent against the dollar, traders say...
Read moreSHANGHAI, Aug 13 (Reuters): China's long-dated sovereign bonds have surged as investors seek safety from a slowing economy and volatile stock markets.The rally has pushed yields to record lows, however, and authorities have grown uncomfortable and are starting to push back.Below are some of the measures the authorities have taken...
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