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

Asian coal, gas markets roar into top gear as region revs up demand

SINGAPORE, June 13 (Reuters): Thermal coal and gas prices have coursed into a bull run, propelled by particularly strong demand across Asia.Electricity consumption is also surging thanks to healthy economic growth just as seasonal needs rise with the start of summer.Spot thermal coal cargo prices for export from Australia's Newcastle...

Emirates boosts flights for Umrah season

DUBAI, June 13 (Gulf News): UAE-based airline Emirates is deploying additional flights to cater to pilgrims travelling to Mecca during the busy season of Umrah.Between June 12 and June 24, the carrier is operating 24 extra flights to provide more than 10,000 seats for flyers from Dubai to Jeddah, a...

Sheltered Canadian dairy sector skimming global exports, says US

WINNIPEG, Manitoba/CHICAGO, June 13 (Reuters): Canada's sheltered dairy sector has drawn the ire of US President Donald Trump for its high tariffs. But US farmers say it is just as galling that exports have spiked from a country largely closed to importing dairy from other nations.Canada controls dairy supplies, prices...

Soybeans drop to nine-month low on slow demand

SINGAPORE, June 13 (Reuters): Chicago soybeans slid more than 1 per cent to its lowest since mid-September on Wednesday, weighed down crop-friendly weather and a lack of Chinese demand for US supplies.Wheat gave up 1 per cent after Tuesday's strong rally which was triggered by the US government's estimates of...

Alumni from Wuhan Textile University

Alumni from Wuhan Textile University (WTU) in China posing for photograph with Prof Ayub Nabi Khan, Pro-Vice Chancellor of BGMEA University of Fashion Technology, and Prof Md Saifur Rahman, Department of Textile Engineering, Daffodil International University, at an Iftar party in the city recently

Australia lowers wheat forecast by nearly 8.0pc

SYDNEY, June 13 (Reuters): Australia has cut its forecast wheat production by nearly 8.0 per cent for 2018/19, the country's top commodity agency said in a report released on Wednesday, as prolonged dry weather across the country's east coast crimps national output.The world's fourth-largest exporter of the grain said production...

Base metal prices fall ahead of Fed rate decision

BEIJING, June 13 (Reuters): Base metals prices fell on Wednesday, led by Shanghai aluminium, which touched a six-week low, as investors fretted over liquidity in China and awaited news from the US Federal Reserve's policy meeting.The Fed is expected to raise interest rates at its meeting. Higher rates usually cause...