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

Govt goes for gas rationing as Gulf turmoil pinches

Export goods manufacturers worry and textiles owners report insufficient gas supply as the government goes for fuel rationing for vehicles across Bangladesh to make do with reserves amid the veritable gulf Armageddon.However, latest reports mention a saving grace: Tehran has relaxed the blockade on the Strait Hormuz for China and...

Attacks continue across ME

An Iranian missile strike Thursday sparked a blaze at Bahrain's main state-owned oil refinery as Iran pressed attacks across the Gulf, reports AFP.Some Western embassy staff in Riyadh were meanwhile told to shelter in place, diplomatic sources said, following an attack on the US embassy compound earlier this week.The war...

Motorists rush to filling stations amid supply disruption fears

Bangladesh has sufficient fuel stocks to meet its demand this month, according to the relevant quarters.Yet, filling stations across the capital and nearby areas have seen long queues of vehicles as motorists rushed to buy fuel amid fears of global supply disruptions and possible price hikes triggered by the ongoing...

Govt seeks $250m worth loan guarantee from WB for LNG import

As the Mideast crisis stokes concern about fuel security, Bangladesh's state-run energy corporation Petrobangla has requested an additional US$250-million loan guarantee from the World Bank to augment liquefied natural gas (LNG) imports, officials say.The fresh fund request would add up to an existing $350-million guarantee facility approved last year.The total...

Fund delegation to meet PM on Mar 24 to refresh reform pledges

An International Monetary Fund (IMF) delegation may sit with Prime Minister Tarique Rahman just after the Eid vacation for reconfirmation of commitment from the new government on economic reforms tagged to its lending package.Randa Elnagar, an IMF spokesperson for Asia, told The Financial Express that the IMF team was finalising...

Oil price rises above $90 a barrel amid Iran war

Global benchmark Brent broke $90 per barrel Friday after President Donald Trump demanded unconditional surrender from Iran, raising fears of a prolonged war that will cause a cascading disruption to global oil supplies, reports CNBC.Brent crude futures added 6.81% to trade at $91.23 a barrel by 10:53 a.m. ET. U.S....