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

India to keep sugar export subsidies despite complaints to WTO

MUMBAI, July 15 (Reuters): India will keep its sugar export subsidies despite complaints to the World Trade Organisation (WTO) from rival producers Brazil and Australia, though it will tweak how it provides them, four sources directly involved in the matter said. The export subsidies are designed to increase shipments from...

Emission-busting aviation taxes gain ground, despite airline pushback

PARIS, July 15 (Reuters): Ryanair in April became the first airline to be included among Europe's top ten polluters, with some calling the airline company 'the new coal' industry. Large economies like France and Germany have begun seeking impact-reducing alternatives to air travel by imposing new taxes.On 9 July, France...

BD-China JV co to invest 1.46m in IEPZ

M/s Golden Ocean Limited, a China-Bangladesh joint venture (JV) company, will invest US $ 1.46 million to establish a garment accessories industry in Ishwardi Export Processing Zone (IEPZ).In this regard, Bangladesh Export Processing Zones Authority (BEPZA) and M/s Golden Ocean Limited signed an agreement at BEPZA complex in the city,...

Oil prices edge higher on Chinese economic data

LONDON, July 15 (Reuters): Oil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations but gains were capped by overall figures showing the country's slowest quarterly economic growth in decades.The positive Chinese data may indicate early success in the government's stimulus efforts and potentially more...

China coal output hits record high

BEIJING, July 15 (Reuters): China's coal output rose in June from the previous month to a record high, official data showed on Monday, as miners ramped up production to ensure supply ahead of peak summer demand for electricity.The world's top coal producer churned out 333.35 million tonnes of coal in...

GPUFP clarification

Ghorashal Palash Urea Fertilizer Project (GPUFP) authority has clarified its position regarding a report published in July 14 issue of The Financial Express under the headline 'Mega urea project at Ghorasal: Foreign funding hits snag on guarantee agency's objection'.A statement issued by the project director Md. Rajiour Rahman Mollick says...