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

Lower interest to single digits, help economy grow

Business leaders on Thursday urged the central bank to reinstate single-digit lending rates. They deplored that ramped-up interest, currently hovering above 14 per cent, was harming business growth, investment and global competitiveness.The strong plea for rate cut was made during a meeting with Bangladesh Bank (BB) Governor Ahsan H Mansur,...

Israel, Hamas agree to first phase of peace plan

CAIRO, Oct 9 (AFP) : Israel and Hamas agreed on Thursday to the first phase of a Gaza ceasefire aimed at ending a war that has killed tens of thousands, razed the Palestinian territory and unleashed a major humanitarian crisis.The deal that was set to be signed Thursday, includes the...

Hungarian Krasznahorkai wins Nobel Prize in Literature

Hungarian writer Laszlo Krasznahorkai won the 2025 Nobel Prize in Literature, the award-giving body said on Thursday, "for his compelling and visionary oeuvre that, in the midst of apocalyptic terror, reaffirms the power of art", reports Reuters."Laszlo Krasznahorkai is a great epic writer in the Central European tradition that extends...

July Charter to be signed October 15 at political grand show

A nagging standoff ends as political parties and the consensus commission unanimously decide the July Charter will be signed on October 15 at an open-air assembly, though its referendum timing yet undecided.The decision was finalised at a meeting of the commission on Thursday with so-far squabbling political parties who all...

Current-account surplus further up, spurs economic activity

Bangladesh's current-account surplus has increased, with the August figure having nearly doubled to US$500 million over the previous month's, giving a much-needed shot in the arm economic activity. Official statistics show the CAS upswing is powered by strong remittance inflows and robust export performances.Current-account surplus means the country receives more...

Govt approves merger of 5 Islamic banks

The Advisory Council on Thursday approved a proposal to form a new bank by merging five financially distressed Islamic banks, officials said.The new bank, likely to be named United Islamic Bank, will be established under the Bank Resolution Ordinance 2025.The Advisory Council, chaired by Chief Adviser (CA) Professor Muhammad Yunus,...