Brokers seek to curtail power of DSE’s independent directors

Stockbrokers have demanded a revision of the demutualisation scheme of the Dhaka Stock Exchange (DSE), starting with a reduction in the dominance of independent directors on the bourse's board. They want the size of the board to be downsized to 11 members from 13, eliminating two independent directorships. This may...

Netflix shares fall as weak dollar driven forecast fails to impress

Netflix shares declined more than 4 per cent on Friday as some investors were disappointed by a revenue forecast that was driven more by a weaker dollar than strong demand for the streamer's content, reports Reuters.Expectations were running high for the streaming giant, after its shares nearly doubled in value...