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

Oil pares gains after US jobs data, heads for weekly drop

LONDON, Sept 6 (Reuters): Oil pared gains on Friday after data showed US employment increased less than expected in August, and was on track for a heavy weekly loss as demand concerns outweighed a delay to supply increases by OPEC+ producers.Brent crude futures rose 29 cents, or 0.4 per cent,...

EDOTCO Bangladesh teams up with BAF for relief distribution

EDOTCO Bangladesh, the country's leading digital infrastructure provider, has partnered with the Bangladesh Air Force (BAF) to extend critical relief support to flood-affected communities in the Feni, Noakhali, and Cumilla districts, says a press release. As part of the company's 'Tower to Community' CSR programme, this initiative involves the distribution...

Gold drops from near-record level

Gold prices eased on Friday, retreating from near-record levels reached earlier, after mixed US jobs data cast doubts on the scale of interest-rate cut from the Federal Reserve this month, reports Reuters.Spot gold fell 0.3 per cent to $2,509.35 per ounce by 10:21 a.m. ET (1421 GMT), having hit their...

Wheat, corn and soy slip after rally but all head for weekly gains

Chicago wheat, corn and soybean futures eased on Friday as traders decided that a fortnight-long rally which lifted prices from near four-year lows has left the contracts over-valued amid plentiful supply, reports Reuters.All three crops were nevertheless on track for weekly gains.The most-active wheat contract on the Chicago Board of...

India's fuel demand falls 2.6pc in August

India's fuel demand fell 2.6 per cent in August compared with the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Friday, reports Reuters.Consumption of fuel, a proxy for oil demand, totalled 18.35 million metric tons in August versus 19.66...

Airbus posts lower deliveries, wins bumper order from private customer

PARIS, Sept 6 (Reuters): Airbus deliveries fell in August after a sharp spike in the previous month, the European planemaker said on Friday, a decline which analysts said leaves it with the task of achieving solid year-on-year growth to meet an annual target.The planemaker said it had delivered 47 aircraft,...