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

Oil up on tight supply

LONDON, Apr 10 (Reuters): Oil prices rose on Wednesday back toward five-month highs hit the previous day as OPEC production cuts and US sanctions on Iran and Venezuela continued to tighten supply, although economic worries increased.International benchmark Brent futures were at $70.92 per barrel at 0900 GMT, up 31 cents,...

Boeing 737 Max grounding hits American Airlines outlook

LONDON, Apr 10 (BBC): American Airlines has cut its sales outlook after being forced to cancel hundreds of flights involving the grounded Boeing 737 Max 8 aircraft.The airline now expects a key measure of total revenue to be flat or grow by 1.0 per cent during the first quarter, compared...

Valcambi loses deal to refine Newmont’s gold

LONDON, Apr 10 (Reuters): Swiss gold refiner Valcambi has lost a contract to refine around 4.0 million ounces of gold a year from Newmont Mining Corp, one of the world's biggest producers, five sources familiar with the matter told Reuters.US-based Newmont put the contract up for tender last year and...

New GM of RAKUB

Ataur Rahman Prodhan Md Ataur Rahman Prodhan joined Rajshahi Krishi Unnayan Bank (RAKUB) as its general manager (GM) recently, said a statement.Prior to this assignment, he was the general manager of Bangladesh Krishi Bank (BKB).Mr Prodhan joined the BKB as a first class officer in 1983. He was born in...

Copper producer KGHM may freeze more mines in Canada, US: CEO

WARSAW, Apr 10 (Reuters): Poland's KGHM, one of the world's biggest copper and silver producers, has no plan to sell its foreign assets but may freeze some in Canada or the United States if they require big investments, its chief executive said.State-run KGHM, which for many years had focused only...

Adani’s Australian coal mine wins further environmental approval

MELBOURNE, Apr 10 (Reuters): India's Adani Enterprises has taken a step closer to the construction of a controversial thermal coal mine in Australia after winning federal government approval for its groundwater management plan.Adani wants to develop the Carmichael coal deposit in Queensland state, but has faced fierce environmental resistance that...

Glencore wins $520m deal to sell coal to Mexico

MEXICO CITY, Apr 10 (Reuters): Global trader Glencore has won contracts worth around $520 million to supply 4.94 million tonnes of coal to Mexico, state-run power utility the Federal Electricity Commission (CFE) said on Tuesday.The utility said in a statement that by offering the best price, Glencore won all 12...