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

ADB provides $50m to promote microenterprise in Bangladesh

The Asian Development Bank (ADB) and the government signed on Wednesday an agreement for $50 million in loan to promote microenterprise development for inclusive economic growth and poverty reduction, reports UNB.The assistance will help improve microenterprises' access to finance through the Palli Karma Sahayak Foundation (PKSF), an apex development finance...

S Arabia to spend $3.8b to boost mineral exploration

CAPE TOWN, Feb 06 (Reuters): Saudi Arabia will invest around $3.8 billion to enhance access to geoscience data and reduce regulatory red tape as it looks to boost mineral exploration, senior government officials said on Wednesday.Government plans to jump-start the Saudi mining sector form part of a broader industrial strategy...

US warns European allies not to use Chinese gear for 5G networks

BRUSSELS, Feb 06 (Reuters): The United States (US) sees the European Union (EU) as its top priority in a global effort to convince allies not to buy Huawei equipment for next-generation mobile networks, a US State Department Official said on Tuesday.After meetings with the European Commission and the Belgian government...

Gold steadies as Trump speech stokes fears of govt shutdown

BENGALURU, Feb 06 (Reuters): Gold prices held steady on Wednesday after US President Donald Trump, in his State of the Union speech, vowed to build a border wall, but gave little clarity over developments in the ongoing trade discussions with China.Spot gold was steady at $1,314 per ounce at 0431...

India's April-Dec rice exports drop 10pc, pulses surge

MUMBAI, Feb 06 (Reuters): India's rice exports between April and December dropped 10.2 per cent from a year earlier to 8.46 million tonnes, as leading buyer Bangladesh trimmed purchases due to a bumper local harvest, a government body said.The country's buffalo meat exports during the period slumped 13.3 per cent...

Boeing makes 'significant investment' in supersonic jet developer Aerion

NEW YORK, Feb 06 (Reuters): Boeing Co said on Tuesday it had made a significant investment in Aerion, a developer of supersonic planes, as the world's biggest planemaker looks to tap into rising demand for high-end business jets that can cut travel time.The company will provide engineering, manufacturing and flight...