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

DPDC appoints consultant for power project

Dhaka Electricity Distribution Company (DPDC) on Wednesday signed an agreement with a consultant firm for a project for supplying uninterrupted electricity in the Dhaka city, reports BSS.The DPDC signed the deal with a consultant firm - Hifab Oy of Finland and Bangladesh Engineers and Consultants Bangladesh Limited (ECBL) a joint...

14 more aircraft being added to PIA fleet

TAXILA, Sept 18 (Dwan): The PTI-led government has committed to increasing the number of planes in the national carrier's fleet by 14 until 2023, it was announced on Monday."We have developed a business plan for PIA, approved by the prime minister, under which we are going to increase PIA's fleet...

Oil retreats on Saudi supply reassurance

TOKYO, Sept 18 (Reuters): Oil prices cooled on Wednesday as Saudi Arabia said full oil production would be restored by month's end while caution ahead of an expected US interest rate cut kept wider financial markets in tight ranges.European shares are expected to tread water, with pan-European Euro Stoxx 50...

Gold holds tight range ahead of US Fed meet

BENGALURU, Sept 18 Sept 18 (Reuters): Gold consolidated around $1,500 on Wednesday, keeping to a $3.0 range ahead of a US Federal Reserve decision on monetary policy while fears of oil-led inflation ebbed, limiting safe-haven inflows into bullion.Spot gold was steady at $1,501.30 an ounce by 1136 GMT. US gold...

Niger, China launch oil pipline project crossing Benin

NIAMEY, Sept 18 (AFP): Niger and China are to build a 2,000-kilometre (1,250-mile) pipeline to carry crude oil from southeast Niger to the port of Seme in Benin, the Niger president's office announced Wednesday.President Mahamadou Issoufou launched the project on Tuesday at the Agadem oil field in the southeast of...

France to host pilot plant for Franco-German battery consortium

PARIS, Sept 18 (Reuters): France will host a pilot plant to make electric car batteries, a French Finance Ministry source said, part of a pan-European project to rival Asia's dominance of the battery market.France had committed 700 million euros and Germany would offer 1 billion euros toward a project that...