Stocks extend gains as selling pressure eases
Stocks extended their winning streak for a second consecutive week, as bargain hunters selectively accumulated undervalued shares in anticipation of a potential post-Eid rally.Market analysts noted that pre-Eid selling pressure eased to some extent as only two trading sessions remain before the Eid holiday break. Investor sentiment received a further...
Read more
Global equity fund sees first weekly outflow in nine weeks as bond yields rise
Global equity funds recorded the first weekly outflow in nine weeks in the week through May 20, as investors turned cautious over inflation and a rise in long-term borrowing costs to nearly two-decade highs, reports Reuters.According to LSEG Lipper data, investors liquidated a net $6.13 billion of global equity funds...
Read more
BANK ASIA SIGNS AGREEMENT WITH BANGLADESH BANK TO FINANCE CMSMES--
BANK ASIA SIGNS AGREEMENT WITH BANGLADESH BANK TO FINANCE CMSMESBank Asia PLC has signed agreements with Bangladesh Bank to facilitate and strengthen financing support for Cottage, Micro, Small and Medium Enterprises (CMSMEs). Under the agreement, Bank Asia will provide financing facilities to entrepreneurs under Bangladesh Bank's 'Cluster Financing' and 'FSFDMSME'...
Read more
Asia-Pacific markets trade higher--
Asia-Pacific markets traded higher Friday as investors assess US-Iran diplomatic efforts to reach a peace deal in the Middle East, reports CNBC.However, Tehran's intention to keep its enriched uranium stockpile within the country, according to a Reuters report, could complicate its negotiations with Washington, as President Donald Trump has made...
Read more
MERCANTILE BANK TRAINING ON 'PREVENTION OF MONEY LAUNDERING'
MERCANTILE BANK TRAINING ON 'PREVENTION OF MONEY LAUNDERING' Mercantile Bank Training Institute (MBTI) organised a comprehensive training programme on 'Prevention of money laundering & combating financing of terrorism' for its officials in Rajshahi recently. Md Amzad Hossain Khan, Executive Director, Bangladesh Bank, Rajshahi, was present as the chief guest and...
Read more
