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

Apparel exports to US register double-digit negative growth

Bangladesh's apparel exports to the United States have sustained double-digit negative growth, while the performance of its major Asian competitors is improving fast.The country's garment shipments to its single-largest US market plummeted 10.27 per cent during the January-July 2024 reaching $4.09 billion year on year.Data available with the Office of...

Community Bank holds its 56th board meeting

The 56th Board Meeting of Community Bank Bangladesh PLC was held at the Police Headquarters on Thursday. The meeting was chaired by Md. Mainul Islam, ndc, Inspector General, Bangladesh Police, and Chairman of Community Bank Bangladesh PLC. Masihul Huq Chowdhury, Managing Director, Community Bank Bangladesh PLC, among others, was also...

UCB stands beside students, citizens injured in recent movement

To aid in the medical treatment of those injured during the recent student movement, the country's leading private financial institute, United Commercial Bank PLC (UCB), has provided financial assistance to Dhaka Medical College Hospital (DMCH). The funds from UCB will be used to cover the medical expenses of the injured...

MAIDEN MEETING OF NEW BOARD OF DIRECTORS OF FSIB HELD

First meeting of the new Board of Directors of First Security Islami Bank (FSIB) PLC held on Wednesday at its head office in Dhaka. Mohammad Abdul Mannan, Chairman of the Board of Directors of First Security Islami Bank PLC, presided over the meeting. Independent directors Md. Azizur Rahman, Md. Abdul...

175TH EMERGENT BOARD MEETING OF EXIM BANK HELD

The 175th Emergent Board Meeting of Exim Bank held on Thrusday at its head office in Dhaka. Chairman of the Board of Directors Md. Nazrul Islam Swapan presided over the meeting. Members of the Board of Directors Md. Nurul Amin Faruk and Anjan Kumar Saha, Independent Director SM Rezaul Karim...

EASTERN BANK OPENS 21ST PRIORITY CENTRE AT UTTARA

Eastern Bank PLC has opened its 21st Priority Centre for its premium customers located at Canyon Tower of Sonargaon Janapath Road at Uttara Model Town. Ali Reza Iftekhar, Managing Director and CEO of the bank, inaugurated the centre on Thursday.

China's Xi pledges over $50bn in financing for Africa over next 3 years

BEIJING, Sept 05 (AFP) : Chinese leader Xi Jinping on Thursday pledged more than $50 billion in financing for Africa over the next three years and promised to help create at least a million jobs on the continent.Xi's comments came during a speech at the opening ceremony of a massive...

Malaysia says it won't bow to China's demands to halt oil exploration in the South China Sea

KUALA LUMPUR, Malaysia, Sept 05 (AP) : Prime Minister Anwar Ibrahim said Thursday that Malaysia will not bow to demands by China to stop its oil and gas exploration in the South China Sea as the activities are within the country's waters.Anwar said Malaysia would continue to explain its stance...

US Steel warns plants could close without Nippon sale

PITTSBURGH, Sept 05 (AFP) : United States Steel warned Wednesday it could shut its headquarters and factories in Pennsylvania, a key swing state in November's election, if a takeover by Japan's Nippon Steel is blocked.At a rally in downtown Pittsburgh, backers of the deal touted the transaction as a lifeline...

Swiss submits India free trade agreement to parliament

ZURICH, Sept 05 (Reuters): The Swiss government has submitted its proposed free trade agreement with India to parliament, it said on Thursday, moving closer to a deal that could open up the world's most populous country to Swiss exports.The agreement between India and the European Free Trade Association (EFTA) –...

Harris' tax plan may cut corporate profits by 5pc

WAHINGTON, Sept 05 (Reuters): Democratic presidential candidate Kamala Harris' proposed corporate tax hike could reduce S&P 500 company earnings by about 5 per cent, with additional taxes potentially hitting profits harder, Goldman Sachs analysts said.Last month, Vice President Harris outlined plans to raise the corporate tax rate to 28 per...

India's GDP to expand 7.2pc in FY25 despite lower Q1 growth

MUMBAI, Sept 05 (Reuters): Despite the moderation seen in India's first quarter gross domestic product growth (GDP), the South Asian economy is likely to achieve full year growth of 7.2 per cent as projected, the Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday.India's economic growth slowed to...

Adani Group to raise at least $1.5b via dollar bonds

BENGALURU, Sept 05 (Reuters): India's Adani Group is in talks with more than 10 global banks to raise at least $1.5 billion through dollar bond sales, Bloomberg News reported on Thursday, citing people familiar with the plans.The bonds would be issued mainly under Adani Green Energy and Adani Energy Solutions,...

Verizon to buy Frontier in $20b deal to boost fibre network

NEW YORK, Sept 05 (Reuters): Verizon said on Thursday it would buy Frontier Communications in an all-cash deal worth $20 billion, as the US wireless carrier looks to expand its fiber network.Verizon has offered $38.50 per share, a premium of 37.3 per cent to Frontier's closing price on Sept. 3,...