Stocks dive deeper into the red as growing political tension weighs
The equity benchmark index dived deeper into the red this week after taking a breather last week to find its bottom, as investors remained jittery amid growing political uncertainty that severely impacted the investor sentiment.In the absence of any strong catalyst, investors continued to offload their holdings to escape further...
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Rupali Bank's profit drops 82pc in 2024
State-owned Rupali Bank PLC reported a sharp 82 per cent decline in net profit for 2024, as increased provisioning against loans, leases, and advances, coupled with reduced operating profit, weighed heavily on its bottom line.The bank's net profit stood at Tk 112 million in 2024, down from Tk 627 million...
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Shein working towards Hong Kong listing after London IPO stalls
HONG KONG/DUBAI/LONDON, May 30 (Reuters): Shein is working towards a listing in Hong Kong after the online fast-fashion retailer's proposed initial public offering (IPO) in London failed to secure the green light from Chinese regulators, said three sources with knowledge of the matter.The China-founded company aims to file a draft...
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Global equity funds see second weekly outflow
Global equity funds posted outflows for a second straight week through May 28, as risk aversion rose following US President Donald Trump's tariff threats on EU imports and overseas-made iPhones, alongside a spike in long-tenor bond yields, reports Reuters.Investors pulled out a net $7.52 billion from global equity funds during...
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