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

Oil down more than 1.0pc as mkts whipsawed by US poll uncertainty

SINGAPORE/MELBOURNE, Nov 05 (Reuters): Oil dropped on Thursday as Democrat Joe Biden edged closer to the White House in a nail-biting US presidential election, but the Republicans look likely to retain Senate control, decreasing the chances of any huge COVID-19 relief package.US West Texas Intermediate (WTI) crude futures were down...

Bashundhara Group MD calls on Indian FS in UK

Bashundhara Group Managing Director (MD) Sayem Sobhan Anvir paid a courtesy call on visiting Indian Foreign Secretary (FS) Harsh Vardhan Shringla in London on Wednesday. Shringla is on an official visit to the UK, said a press statement.Indian High Commissioner to the United Kingdom (UK) Gaitri Issar Kumar was also...

Gold bounces on dollar retreat

BENGALURU, Nov 05 (Reuters): Gold jumped to a two-week high on Thursday as the dollar slipped, with investors betting on the likelihood of bigger economic support measures as Joe Biden inches closer to the Oval Office going into the final stretch of the US elections.Spot gold was up 0.7 per...

Lufthansa warns of higher cash drain

BERLIN, Nov 05 (Reuters): Lufthansa warned on Thursday it will burn through more cash in the fourth quarter than in the third and that further restructuring measures will weigh on its results as it struggles to cope with the effects of the COVID-19 pandemic.As a result of continuing travel restrictions...

Jatiya Sangsad chief whip Nur-e-Alam Chowdhury

Jatiya Sangsad chief whip Nur-e-Alam Chowdhury and state minister for Civil Aviation and Tourism Md. Mahbub Ali inaugurating the ceremony of floating two spectacular boats in the lake of the Sangsad Bhaban on Thursday, marking the birth centenary of Bangabandhu Sheikh Mujibur Rahman. The boats were made by Bangladesh Parjatan...

Malaysia's Petronas targets net zero emissions by 2050

KUALA LUMPUR, Nov 05 (Reuters): Malaysian state-owned energy giant Petroliam Nasional Berhad, or Petronas, said on Thursday it aims to become a net zero emitter of greenhouse gases by 2050 and also plans to increase its investments in renewable energy.Burning of oil and gas accounts for the vast majority of...

Copper trading volumes rebound

LONDON, Nov 05 (Reuters): Copper volumes on world exchanges are climbing again as a buoyant economic recovery from COVID-19 in top metals consumer China spurred speculators to pile back into the market.Copper is widely used by speculators and funds as a proxy for the health of the global economy due...