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

Runner Automobiles’ profit jump in Q2 as sales of three wheelers get a boost

Runner Automobiles has experienced a steep growth in profit year-on-year in October-December (Q2), FY25, mainly riding on a robust contribution of three wheelers to revenue earnings.It has reported a consolidated profit of Tk 50 million in Q2, FY25, increased from Tk 6.45 million in the same quarter of the previous...

Govt rejects BEXIMCO workers' plea to unfreeze bank accounts

The interim government rejected the plea of BEXIMCO workers to allow banking operations by the company's textile and garment units on the ground that they have huge default loans. The response came after workers of 16 companies held a conference to press home for reopening of their bank accounts. Earlier,...

Japanese investors boost foreign stock purchases on Fed rate-cut hopes

Japanese investors raised their holdings in foreign stocks, driven by a benign US core inflation report that fuelled expectations of Federal Reserve cuts and boosted global equities, while a strong yen also lifted domestic buying power, reports Reuters.They invested a net 489.8 billion yen ($3.13 billion) into overseas stocks, for...

US inflationary pressure a risk to markets in 2025

DAVOS, Switzerland, Jan 23 (Reuters): The chief executive of Norway's $1.8 trillion sovereign wealth fund, one of the world's largest investors, said on Thursday that inflationary pressure in the United States posed a risk to financial markets this year. Asked what were the biggest risks to markets in 2025, Nicolai...

SOUTHEAST BANK TRAINING INSTITUTE ORGANISES WORKSHOP FOR EMPLOYEES

Southeast Bank Training Institute on Thursday organised a day-long workshop on 'SEBPLC Products and Service Knowledge, Cross-Selling Techniques, and Effective Marketing Strategy'. The primary objective of the workshop was to enhance the professional knowledge of the bank's employees. Omar Nasir Abdullah, senior lecturer and faculty advisor at North South University,...

EASTERN BANK TO SUPPORT FORESTATION IN BHASHAN CHAR

Eastern Bank will work with Nou Kollan Foundation Trading Company Ltd. (NKFTCL) for coastal forestation and community support in Bhashan Char. To support the initiatives, Osman Ershad Faiz, additional managing director and COO of the bank, handed over a cheque of Tk 3.8 million to Captain M Habib ul Alam,...

Global stocks ease as AI euphoria wanes; dollar wilts without tariff bump

LONDON/SINGAPORE, Jan 23 (Reuters): Global stocks eased on Thursday, halting a rally sparked by US President Donald Trump's mammoth spending plans for artificial intelligence infrastructure as some of that excitement fizzled out, though Chinese shares fared better on Beijing's support.In Europe, the STOXX 600, which hit a record high on...

Saudi Arabia's capital markets surge with $274bn raised in 5 years, fueled by Vision 2030 growth

RIYADH, Jan 23 (Arab News): Saudi Arabia's capital markets are experiencing significant growth, with issuers raising over $130 billion in the past five years as the Kingdom accelerates financing for its Vision 2030 plan.The Capital Market Authority's 2024-2026 strategy aims to promote investment, attract global interest, and support economic diversification,...

GP extends partnership with Ericsson

Grameenphone, the country's leading telecommunications service provider, has extended its partnership with Ericsson to drive innovation through AI-powered solutions.This strategic collaboration aims to deliver world-class services with greater efficiency, enabling Grameenphone to offer the personalised solutions that meet the evolving needs of its customers.By harnessing AI and advanced technologies, Grameenphone...

Emirates to offer Premium Economy service between Dubai and Brisbane

Emirates has announced that it will offer its Premium Economy service on the Dubai-Brisbane route three times a week, starting February 01.With the introduction of the Premium Economy, Brisbane will join Sydney and Melbourne in Emirates' Australian network to be served by retrofitted aircraft equipped with the airline's award-winning product,...

US team visits Ctg port to assess ISPS code compliance

CHITTAGONG, Jan 23: A team from the United States Coast Guard (USCG) visited Chittagong Port on January 21-22 to assess compliance with the International Ship and Port Facility Security (ISPS) code in the port and related establishments. They expressed satisfaction with the activities at the prime sea port. The delegation,...

IDLC Finance launches IDLC Islamic

IDLC Finance PLC, the nation's largest non-bank financial institution (NBFI), has announced the launch of its Shari'ah-compliant financing window -- IDLC Islamic. Md. Zakir Hossain Chowdhury, Deputy Governor of Bangladesh Bank, was present as the chief guest at the launching ceremony held at a city hotel recently, says a press...

CAPM IBBL Islamic Mutual Fund trustee meeting held

The trustee meeting of CAPM IBBL Islamic Mutual Fund was held on Thursday, says a press release. The meeting approved the accounts and un-audited report of CAPM IBBL Islamic Mutual Fund for the 2nd quarter ended 31st December 2024, showing the total NAV of this Mutual Fund stood at Tk...

First Security Islami Bank's board meeting held ---

The 285th meeting of the Board of Directors of First Security Islami Bank PLC was held on Wednesday at FSIB Head Office in Dhaka, with Mohammad Abdul Mannan, Chairman of the Board, in the chair. Md. Azizur Rahman, Vice Chairman, Md. Abdul Quddus, Chairman of Executive Committee, Prof Md. Saiful...

BKB conducts half-yearly business conference

Bangladesh Krishi Bank (BKB) conducted half-yearly business conference at the bank's Head Office Auditorium in Dhaka on Thursday. Dr Mohammad Zahid Hossain, Chairman of the Board of Directors, was present as the chief guest. Managing Director Sanchia Binte Ali, Deputy Managing Directors Md Abdur Rahim and Khan Iqubal Hossain were...