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

Oil gains as China demand hopes, OPEC+ cuts offset rate hike talk

LONDON, Oct 21 (Reuters): Oil prices rose on Friday in choppy trade as hopes of stronger Chinese demand and output cuts by OPEC and its allies offset concern about a global economic downturn and the impact of interest rate rises on fuel use.To fight inflation, the U.S. Federal Reserve is...

Chicago futures ease with focus on exports, Black Sea corridor

PARIS/SINGAPORE, Oct 21 (Reuters): Chicago corn, wheat and soybean futures edged lower on Friday as a sharp rise in the dollar tempered export sentiment, while traders continued to monitor talks to prolong a wartime shipping corridor for Ukrainian grain.The most-active soybean contract on the Chicago Board of Trade (CBOT) was...

Sustainable dev, political peace in Bangladesh important to India

CHATTOGRAM, Oct 18: Sustainable development and political peace in Bangladesh are important to India, said Dr Rajiv Ranjan, Indian Assistant High Commissioner in Chattogram. He made the remark while addressing as the special guest a views exchange meeting between a delegation of the Confederation of Indian Industry (CII) and the...

Gold set for second weekly loss on rising yields as rate hikes loom

Gold prices slipped on Friday and were on track for a second straight weekly drop, as prospects of higher interest rates and rising bond yields challenged bullion's safe-haven appeal, reports Reuters.Spot gold fell 0.5% to $1,620.24 per ounce by 1224 GMT. Bullion prices have shed 1.2% so far this week.U.S....

Pakistan seeks billions of dollars in new loans

Pakistan will ask international lenders for billions of dollars in loans after devastating floods exacerbated the South Asian nation's economic crisis, the Financial Times reported on Wednesday, reports Reuters."We are not asking for any kind of measure [such as] a rescheduling or a moratorium," the country's Prime Minister Shehbaz Sharif...

Aluminium falls as Fed tightening heralds weaker economy

LONDON, Oct 21 (Reuters): Aluminium prices were set to end the week almost 5% lower on Friday as fears of rapid U.S. interest rate rises dampened the outlook for economic growth and metals demand.Stock markets fell, U.S. 10-year bond yields hit their highest since 2007 and the dollar strengthened, pressuring...