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

Multinationals drag key index into red

Stocks slipped into the red on Wednesday, snapping a four-day winning streak, as risk-averse investors booked profits on large-cap shares.Market analysts said investors opted to book profit on large-cap multinational companies (MNCs) like Grameenphone, BATBC, Marico and Berger Paints, dragging down the market.These four companies are jointly responsible for a...

United Power generates highest turnover for second day

Ten most traded companies accounted for 36 per cent of transactions on the Dhaka Stock Exchange (DSE) on Wednesday, with the United Power Generation & Distribution Company bagging the top spot of the turnover chart for the two consecutive sessions.Market analysts said investors continued to show their appetite for the...

India's first start-up IPO to open tomorrow

Alphalogic Techsys, India's first start-up IPO, will hit the primary market on Friday, reports ETMarkets.com.The Pune-based software consulting firm has fixed the issue price at Rs 84 per share and the minimum units one needs to buy is 1,600 shares, requiring a minimum investment of Rs 1,33,400. Overall, 736,000 shares...

Share price climbs 55pc in a month despite suspension of production

The Al-Haj Textile Mills saw its share prices keep on surging over the last one month, even though its production has remained suspended.The company has no 'undisclosed' price sensitive information. Yet, its share price jumped 55.57 per cent on the Dhaka Stock Exchange (DSE) in the last one month. The...

BIAC to provide ADR services for ONE Bank

The Bangladesh International Arbitration Centre (BIAC) has signed a memorandum of understanding (MoU) with ONE Bank Ltd. to assist in the resolution of commercial and loan disputes through Alternative Dispute Resolution (ADR), says a statement.Muhammad A. (Rumee) Ali, Chief Executive Officer of BIAC, and M Fakhrul Alam, Managing Director of...

Asian markets trade lower, European stocks gain

Asia markets largely declined Wednesday after US indexes pulled back overnight on recession fears, reports CNBC.Some analysts said the selloff in stocks pointed to "deep-seated worries" among investors.Japan's Nikkei 225 dropped 0.28 per cent to 20,618.57, retracing some of its earlier losses, and the Topix index declined 0.61 per cent...

Walton to supply refrigerators, air conditioners for Hyundai India

Hyundai Electronics has recently signed a contract with Walton, a leading Bangladeshi electronics product manufacturer, for importing refrigerators and air conditioners through their partner Goldenarch Consumer Electronics Pvt. Ltd, said a statement. As per the contract, Walton will supply refrigerators and residential air conditioners for Hyundai brand as original equipment...

News Briefs (22-08-2019)

Deepal Abeywickrema, Managing Director, Nestle Bangladesh Limited, and Naser Ezaz Bijoy, CEO, Standard Chartered Bangladesh, exchanging documents after signing an agreement on the bank's Distributor Finance Programme at its head office in Gulshan in the city recently StanChart, Nestle team up for finance programmeStandard Chartered Bank has signed an agreement...

Sandler Capital making a big bet on gold

A top-performing hedge fund is more than doubling its bet on gold and is ruling the industry with a nearly 30 per cent return this year on its long positions, reports CNBC.Sandler Capital Management, with $2.1 billion in regulatory assets under management, is run by much smaller and lesser-known managers...

Amazon, SoftBank help UK start-ups score record foreign investment

British technology start-ups have attracted more foreign investment since the start of the year than they did throughout all of 2018, according to fresh figures published on Wednesday, reports CNBC.US and Asian venture capital investors poured $3.7 billion into UK tech companies in the first seven months of 2019, research...