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Oil hovers around $60 as US-China trade tensions weigh

LONDON, Aug 06 (Reuters): Oil prices rebounded slightly on Tuesday from big falls in recent sessions, but Brent crude remained near seven-month lows around $60 a barrel due to escalating trade tensions between China and the United States (US).Brent prices have lost more than 9.0per cent in the past week,...

Lion Kazi Akram Uddin Ahmed PMJF

Lion Kazi Akram Uddin Ahmed PMJF, former president of FBCCI, International Director of Lions Clubs International and Chairman of Standard Bank Limited, inaugurating a blood donation programme of Lions and Leos for dengue patients as the chief guest at Lions' Bhaban, Agargaon in the city on Tuesday

Delhi’s Indira Gandhi Int’l airport to add fourth runway

NEW DELHI, Aug 06 (Gulf News): In addition to the fourth runway, 'Phase 3A expansion plans includes expansion of the airport's Terminal 1 apron area and development of dual elevated Eastern Cross Taxiway, DIAL said.Delhi International Airport Ltd (DIAL) will construct a fourth runway at Indira Gandhi International airport, part...

Malaysia plans to extend licence for rare earths producer Lynas

KUALA LUMPUR, Aug 06 (Reuters): Malaysia plans to extend Lynas Corp's license to operate a rare earths processing plant, though it could be for a shorter duration than the usual three years, two sources with direct knowledge of the matter said.The Australian company has been running the plant in Malaysia...

Chairman of the Board of Directors of Shahjalal Islami Bank

Chairman of the Board of Directors of Shahjalal Islami Bank Limited (SJIBL) Akkas Uddin Mollah presiding over the 282nd board meeting of the company at its corporate head office board room in the city recently. Managing Director and CEO M Shahidul Islam, was present, among others

China gets more iron ore from Brazil as supply woes fade: Analyst

LAUNCESTON (Australia), Aug 06 (Reuters): While iron ore has been hammered by the renewed escalation of the U.S.-China trade war, there are also signs the supply crunch that sent prices to a five-year high is easing.Iron ore futures on the Dalian Commodity Exchange (DCE) fell by the 6.0per cent exchange...

Gold holds near six-year peak

BENGALURU, Aug 06 (Reuters): Gold steadied on Tuesday after touching a six-year high as simmering tensions between Washington and Beijing propelled investors towards safe-haven assets.Spot gold was little changed at $1,464.15 an ounce as of 1139 GMT after hitting its highest since May 2013 at $1,474.81. Prices had jumped as...

Vietnam mulls importing US coal for power generation

HANOI, Aug 06 (Reuters): Vietnam is considering importing coal from the United States (US) to meet rising demand for the fuel for power generation, state media reported on Tuesday, as the Southeast Asian country plans to build more coal-fired power plants.Vietnam is also seeking to import more US goods to...

Australia to consider reserving some gas for home market

MELBOURNE, Aug 06 (Reuters): Australia, the world's top liquefied natural gas exporter, on Tuesday said it would consider forcing gas producers to reserve some supply for the domestic market, as it looks to cut energy bills for households and manufacturers.Resources Minister Matthew Canavan and Energy Minister Angus Taylor said they...