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

Chicken, vegs, sugar get dearer in city markets

Retail prices of chickens, vegetables, sugar and flour increased in the city's markets in the last couple of days, causing further troubles for the commoners.Traders attributed the fresh spell of hike in prices of the commodities to, among others, supply chain disruption caused by Cyclone Sitrang that wreaked havoc across...

BD out to find payment option amid SWIFT ban

Dhaka is desperately exploring alternative payment systems amid multiple sanctions, including SWIFT ban, against Russia as bilateral trade will suffer a setback sans a free and safe transaction mechanism.State agencies, including finance and commerce ministries, and central bank, are expected to sit for strategies tomorrow to choose a workable method.Preferring...

Food Minister rules out any possibility of food crisis

Food Minister Sadhan Chandra Majumder says that the country has enough food in stock, and he sees no chance of food crisis unless natural disasters hit the country out of the blue, reports UNB.In a recent interview with UNB, the minister, who is a three-time MP from Naogaon-1, says that...

Disable SIMs beyond 15 under one NID: BTRC

The Bangladesh Teleco-mmunication Regulatory Commission (BTRC) in a public announcement has asked mobile users to deactivate SIMs beyond 15 under one NID card.The telecoms regulator will block the excess SIMs randomly if the users do not disable them on their own choice by November 15, it said.The BTRC has recently...

Global warming palpable for 96pc of humans, says study

PARIS, Oct 28 (AFP): Whether they realised it or not, some 7.6 billion people -- 96 percent of humanity-felt global warming's impact on temperatures over the last 12 months, researchers have said.But some regions felt it far more sharply and frequently than others, according to a report based on peer-reviewed...

Japan to spend $260b to tackle inflation, weak yen

TOKYO, Oct 28 (AFP): Japan will spend $260 billion on a stimulus package to cushion the economy from the impact of inflation and the weak yen, Prime Minister Fumio Kishida announced on Friday.But the central bank is refusing to budge from the ultra-loose policy that has hammered the Japanese currency...

Car importers still unable to open LCs from banks

Despite fulfilling the criteria of 100 percent margin, importers cannot open letters of credit (LCs) from the banks for importing cars, pushing this business to dire straits, reports UNB.Businessmen said this during the second meeting of the Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) standing committee on automobile...

India's forex drops to lowest since July 2020

MUMBAI, Oct 28 (Reuters): India's foreign exchange reserves fell to $524.52 billion in the week through Oct. 21 to remain at their lowest since July 2020, the Reserve Bank of India's (RBI) weekly statistical supplement showed on Friday.The rupee hit a record low of 83.29 per dollar in that turbulent...

US House Speaker Pelosi's husband violently assaulted

Paul Pelosi, the husband of House Speaker Nancy Pelosi, was "violently assaulted" after a break-in at the couple's San Francisco home early on Friday, her office said in a statement, reports Reuters."The assailant is in custody and the motivation for the attack is under investigation," the statement said. "Mr Pelosi...