Stock slump deepens as selloffs intensify
Stocks deepened losses this week, as investors continued selloffs amid turbulence in the financial sector following the fall of Sheikh Hasina's regime.Massive reshuffle within the securities regulator, the board reformation of some listed banks and measures taken against certain influential figures triggered fresh concerns among investors, prompting selloffs in quick-gaining...
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BATB's Q2 profit grows 3.7pc on higher sales
British American Tobacco Bangladesh (BATB) posted a 3.7 per cent growth in profit for the April-June (Q2) this year, compared to the same quarter of the previous year, thanks to higher domestic sales and lower operating expenses.The cigarette manufacturer's net profit stood at Tk 5.12 billion in the June quarter,...
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Global equity funds see sharp inflows on Fed rate cut hopes
Global investors ploughed money into equity funds in the week to August 21, encouraged by expectations of a Federal Reserve rate cut in September and easing concerns about the US economy, reports Reuters.According to LSEG data, investors snapped up $15.73 billion worth of global equity funds during the week, marking...
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Asia markets mostly lower --
Asia-Pacific markets mostly fell on Friday as investors awaited US Federal Reserve Chairman Jerome Powell's comments at the Jackson Hole gathering of global central bankers, reports CNBC.In the past, Powell has outlined broad policy initiatives and provided clues about the US policy path at Jackson Hole.In Asia, data from Japan...
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