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

How Beximco bondholders' fears turn into reality

Beximco was allowed to raise Tk 15 billion by issuing zero-coupon bonds in March this year though its financial performance showed signs of high default risks. Its profit in FY23 plunged 77 per cent year-on-year to Tk 7.1 billion and then in the nine months through March this year the...

DSE chair resigns for personal reasons

Chairman of the Dhaka Stock Exchange (DSE) Hafiz Md Hasan Babu resigned on Monday from the board of the premier bourse, showing personal reasons.DSE officials said Mr. Babu sent an email bearing his resignation to the chairman of the securities regulator on Sunday night. A copy of the email was...

ORIENTATION ORGANISED FOR 150 PUBALI BANK RECRUITS

Pubali Bank organised a five day long "Orientation Program" for 150 new recruits. The programme aims to familiarize participants with the concepts, principles, rules, regulations, laws and practices of the bank. MD and CEO Mohammad Ali, and deputy managing directors of the bank visited the event.

Walton offers discount on online purchase

Electronics giant Walton offered up to 50 per cent cash discounts on purchase of its domestically manufactured specific models of electronics, electrical, home and kitchen appliances, IT devices and accessories from the website of Walton Plaza across the country.The country's super brand's online sales platform Walton E-plaza is also offering...

REHAB signs MoU with Radisson Blu for 'REHAB Chattogram Fair'

REHAB signed a Memorandum of Understanding (MoU) with Hotel Radisson Blu on Monday for hosting 'REHAB Chattogram Fair 2024' at the Mejban Hall of the hotel in Chattogarm. Central Vice President of REHAB and Chairman of REHAB Chattogram committee Delwar Hossain and Assistant Director and Operation In-charge of Hotel Radisson...

Fed faces pivotal test on unemployment

WASHINGTON, Aug 19 (Reuters): Four years after Federal Reserve Chair Jerome Powell made fighting unemployment a bigger priority during the Covid-19 pandemic, he faces a pivotal test of that commitment amid rising joblessness, mounting evidence inflation is under control, and a benchmark interest rate that is still the highest in...

Qatar Financial Centre platform sees 230pc increase

RIYADH, Aug 19 (Arab News): A total of 505 new firms were registered on the Qatar Financial Centre platform in the first half of 2024, up 230 per cent year on year, new data revealed.A QFC mid-year progress review disclosed that this rise brings the total number of firms on...

Australia fears Aus$3b hit from China slowdown

SYDNEY, Aug 19 (AFP): Australia warned Monday that the "softness" of China's economy and tumbling iron ore prices could leave a multibillion-dollar hole in the nation's budget.Troubles in China's massive construction sector have seen iron ore prices drop about 30 per cent since the start of the year-and the ripple...

Goldman Sachs lowers odds of US recession to 20pc from 25pc

NEW YORK, Aug 19 (Reuters): Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months to 20 per cent from 25 per cent following the latest weekly jobless claims and retail sales reports.Earlier this month, the brokerage raised the odds of...

Canadian retail giant makes £29.7b bid for 7-Eleven

Ottawa, Aug 19 (BBC): A Canadian convenience store giant has made a surprise £29.7bn bid for its Japanese rival 7-Eleven in what could be the country's biggest-ever foreign takeover.Circle K owner Alimentation Couche-Tard's (ACT) made the approach for the chain - a staple across Asia and North America - on...

India central bank releases framework for financial market self-regulatory organisations

MUMBAI, Aug 19 (Reuters): The Reserve Bank of India on Monday issued a framework for recognition of self-regulatory organisations in the financial markets space to help strengthen compliance culture and provide a consultative platform for policy making.The proposed self-regulatory organisations (SROs) can play a vital role in developing industry standards...

Funds go long yen for first time in four years

ORLANDO, Florida, Aug 18 (Reuters): By one measure, the speculative Japanese yen-funded carry trade has been completely unwound.The latest Commodity Futures Trading Commission data show that hedge funds and speculators have flipped their long-standing short yen position and are now net long of the currency for the first time since...

World shares underpinned, dollar undermined by dovish Fed wagers

LONDON, Aug 19 (Reuters): Wall Street looked to a flat open as the dollar tipped lower on Monday off the back of last week's surging stock markets as expectations the US economy would dodge a recession and cooling inflation would kick off a cycle of interest rate cuts.The prospect of...

Saudi Arabia's US Treasury bond holdings rise to $140.3bn in June

RIYADH, Aug 19 (Arab News): Saudi Arabia's holdings of US Treasury bonds increased to $140.3 billion in June, reflecting a 26.73 percent year-on-year rise. Data from the US Treasury Department showed the Kingdom maintained its position as the 17th largest holder of these securities, which are known for their stability...

US stock index futures pause after last week's rally

US stock index futures were little changed on Monday after Wall Street notched up its best week of the year, while investors looked ahead to Federal Reserve Chair Jerome Powell's speech at Jackson Hole for rate-cut indications, reports Reuters.All three major indexes jumped last week as a set of economic...