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

Govt prioritises stable electricity supply

With a steady rise in electricity consumption across the country, the interim government has now been attaching priority to ensuring stable power supply at affordable rates, reports BSS. "After assuming the office, the government prioritized stable power supply across the country and it is now very much stable. We're now...

HSBC raises silver price outlook

HSBC has lifted its silver price forecasts for 2025, 2026, and 2027, citing strong support from high gold prices and safe-haven demand in the face of geopolitical and economic uncertainty, reports Reuters.The bank now expects average silver prices of $35.14 per ounce in 2025, up from $30.28 previously, $33.96 in...

OPEC oil output rises in July led by UAE and Saudi

LONDON, Aug 10 (Reuters): OPEC's oil output rose further in July after an OPEC+ agreement to raise production, a Reuters survey found on Friday, although the hike was limited by Iraq making additional cuts and by drone attacks on Kurdish oilfields.The Organization of the Petroleum Exporting Countries pumped 27.38 million...

US tariffs could harm global gold flow

The Swiss Precious Metals Association (ASFCMP) said on Friday the imposition of US trade tariffs Washington is considering on the most widely traded bullion bars could harm the international flow of physical gold, reports Reuters.According to the website of the US Customs and Border Protection service, Washington may subject gold...

Deflation to shape global outlook despite inflation risks: QNB

RIYADH, Aug 10 (Arab News): Long-term deflationary forces are set to dominate global trends, interrupted by brief inflation surges triggered by geopolitical and structural shocks, Qatar National Bank (QNB) has warned. In its weekly report, carried by the Qatar News Agency, the bank said the new macroeconomic phase will be...

US drillers cut oil, gas rigs for third week in a row

US energy firms has cut the number of oil and natural gas rigs operating for a third week in a row, energy services firm Baker Hughes said in its closely followed report on Friday, reports Reuters.The oil and gas rig count, an early indicator of future output, fell by one...