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

Banks, NBFIs borrow Tk 255b in a single day from BB

Post-closure pressure for cliental rush sends commercial banks and nonbank financial institutions into a frenzy of borrowing from the central bank, some Tk 255.21 billion in a single day.The exigent cash feeding by the Bangladesh Bank took place on Wednesday--the first day of the reopening of banks and other financial...

Export-import operations getting in full gear with systems resurrection

Export-import operations get back in full gear with the resurrection of electronic systems of port processing after a breakdown amid countrywide internet blackout. Both Chittagong Custom House and Chittagong Port Authority (CPA) have said the internet-network systems are now working smoothly in the seaport area in completing trade-clearance processes."The CCH...

Banks' forex stock remarkably up

Foreign-exchange holdings in commercial banks got a record boost, as of June, largely for growing remittance receipts against lower import payments and some latest baits, sources have said. Such rise in foreign currencies, the American greenback in particular, gives some respite to the $460-billion-plus economy having faced multipronged macroeconomic strains...

Global brands urged to adapt to BD realities

The Ethical Trading Initiative (ETI) -- a UK-based tripartite body championing labour rights in global supply chains -- called on buyers to adjust expectations and purchasing practices to accommodate the exceptional circumstances in Bangladesh caused by the anti-quota movement.Due to the ongoing "volatile situation", according to the ETI, factories and...

HSC exams for July 28, 29, 31, Aug 1 postponed

The HSC and equivalent examinations of all education boards scheduled for July 28, 29, 31 and August 1 have been postponed for unavoidable reasons.The new schedule for the postponed examinations will be notified later, according to a notification signed by Prof Tapan Kumar Sarkar, chairman of the Bangladesh Inter-Education Board...

US economic growth regains steam in Q2, inflation slows

WASHINGTON, July 25 (Reuters): The U.S. economy grew faster than expected in the second quarter, but inflation subsided, leaving intact expectations of a September interest rate cut from the Federal Reserve.Gross domestic product increased at a 2.8 per centannualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said...