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China demand optimism sets oil on track for strong weekly gain

LONDON, Jan 13 (Reuters): Oil prices rose on Friday and were on track to gain over 7.0 per cent on the week on solid signs of demand growth in top oil importer China and expectations of less aggressive interest rate rises in the United States.Brent crude futures rose by 53...

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Sonali Bank , General Manager's Office, Rajshahi arranged a'Business Discussion Meeting-2023'

Sonali Bank Limited, General Manager's Office, Rajshahi arranged a 'Business Discussion Meeting-2023' at a convention hall in Rajshahi city on Wednesday. General Manager of Rajshahi GM Office Mir Hasan Mahammad Zahid presided over the meeting while Chairman of Sonali Bank Ziaul Hasan Siddiqui attended the meeting as the chief guest...

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Argentine consumers reel as inflation hits 94.8pc in 2022

BUENOS AIRES, Jan 13 (AFP): Argentina registered inflation of 94.8 per cent in 2022, its highest annual figure since 1991, the Indec national statistics institute said on Thursday.Latin America's third-largest economy has one of the highest inflation rates in the world. But December's monthly figure of 5.1 per cent continued...

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China’s first domestic Boeing 737 MAX flight since 2019

BEIJING, Jan 13 (AFP): A Boeing 737 MAX took off from southern China on Friday, the first domestic flight using the aircraft model since March 2019 when it was grounded after two deadly crashes.The resumption of flights is a boost for the American manufacturer in one of its most important...

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Indonesia palm oil export curbs, biodiesel plans to hit world vegoil supplies

SINGAPORE/JAKARTA, Jan 13 (Reuters): A move by top palm oil exporter Indonesia to restrict shipments and boost domestic biodiesel consumption is set to squeeze global vegetable oil supplies already undercut by lower output in Southeast Asia and Latin America.Edible oil buyers, including price-sensitive consumers in South Asia and Africa, will...

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Gold scales nine-month high above $1,900/oz level

Gold prices firmed above the key $1,900 level on Friday, hitting their highest since late April after a surprise decline in US consumer prices boosted bets for slower Federal Reserve interest rate hikes, reports Reuters. Spot gold was up 0.4 per cent at $1,905.19 per ounce, as of 1008 GMT....

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