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

Oil slides 2pc on China demand woes erase last week's gains

LONDON, Oct 14 (Reuters): Oil prices declined about 2 per cent on Monday, wiping out all of last week's gains, after China oil imports fell for the fifth month, stoking concern about fuel demand as OPEC cut its 2024 and 2025 global oil demand growth view again.China's stimulus plans also...

Gold price steadies on China stimulus plan

Gold prices steadied near one-week highs on Monday amid a risk-off mood sentiment driven by an underwhelming China fiscal stimulus, while investors awaited comments from US Federal Reserve officials for hints on its interest rate outlook. Spot gold edged lower 0.1 per cent at $2,652.31 per ounce by 1155 GMT,...

Australia plans to cut bank card surcharges from 2026

SYDNEY, Oct 14 (Reuters): Australia is planning to reduce bank card surcharges, including the elimination of transaction fees on debit cards, the government said on Monday, as the use of cash declines in the country.In a media release, the government said the central bank was undertaking a review of the...

Bakers brace for costly Christmas as butter prices surge

Butter prices have rocketed in recent months, trading at record highs across Europe in bad news for bakers and pastry makers as they prepare for Christmas celebrations and already face high chocolate and sugar costs, reports Reuters. Strong demand for butter, tight stocks and dairy processors' preference to use more...

Palm oil rises on speculative buying, short covering

KUALA LUMPUR, Oct 14 (Reuters): Malaysian palm oil futures rose on Monday, supported by a combination of speculative buying and short covering, although gains were capped by weaker crude oil prices.The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange rose 22 ringgit, or 0.51 per...

Cocoa climbs on harvest delays

LONDON, Oct 14 (Reuters): Cocoa futures on ICE were higher on Monday boosted by a slow start to the harvest in top grower Ivory Coast while sugar and coffee prices also rose.COCOAMarch London cocoa rose 1.8 per cent to 5,174 pounds a ton by 1055 GMT. Dealers said heavy rains...