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

PRAN begins mango collection

Indonesian Ambassador to Bangladesh Ms. Listyowati visited PRAN's mango collection and pulping factory at its Barendra Industrial Park (BIP) in Godagari, Rajshahi, on Wednesday.Kamruzzaman Kamal, Marketing Director of PRAN-RFL Group and Hazrat Ali, General Manager of the factory, welcomed the Ambassador to the Barendra Industrial Park, says a press release....

Oil extends gains as Middle East hostilities flare

LONDON, June 3 (Reuters): Oil prices rose more than 2 per cent on Wednesday, extending gains from the previous session, as hostilities in the Middle East erupted anew and talks between Tehran and Washington showed little progress.Brent futures were up $2.02, or 2.1 per cent, at $98.02 a barrel at...

Malaysian palm oil surges 3pc to four-week high

KUALA LUMPUR, June 3 (Reuters): Malaysian palm oil futures surged more than 3 per cent on Wednesday, reaching a four-week high, supported by stronger Chicago soyoil prices, though profit-taking limited the upside.The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange gained 140 ringgit, or 3.09...

Gold slips on bets of higher rates

Gold prices dipped on Wednesday, weighed down by expectations that war-driven inflation will keep interest rates elevated, while investors focused on developments in the Middle East and upcoming economic data, reports Reuters.Spot gold fell 0.7 per cent to $4,452.09 per ounce by 08:40 a.m. EDT (1240 GMT). US gold futures...

Ivory Coast sees strong exports of cocoa main crop

ABIDJAN/LONDON, June 3 (Reuters): Ivory Coast has sold about 1 million metric tons of cocoa in export contracts for the 2026-27 main crop, but has started to slow sales due to concerns about the impact of a looming El Nino weather pattern on output, four sources told Reuters.The Abidjan-based Coffee...

Airlines hit hard by jet fuel price swings: IATA

LONDON, June 3 (Reuters): Many airlines have been hit hard by price swings in the jet fuel market, and some are not in a position to hedge their exposure, the International Air Transport Association's head of fuel said on Wednesday.Some airlines with more elaborate hedging strategies get a bit of...

India tightens silver import rules

MUMBAI, June 3 (Reuters): India has tightened restrictions on silver imports by adding grain and powder forms to the list of restricted categories and mandating prior valid import authorisation, as the world's biggest consumer of the metal tries to rein in shipments and ease pressure on the rupee.Imports of silver...