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

European regulator to lift Boeing 737 MAX grounding in January

PARIS, Nov 22 (Reuters): Europe is set to lift its flight ban on the Boeing 737 MAX passenger jetliner in January after US regulators last week ended a 20-month grounding triggered by two fatal crashes.The head of the European Union Aviation Safety Agency (EASA) said in remarks aired on Saturday...

Md. Rezaul Karim poses with the participants

Pragati Insurance Limited Managing Director Md. Rezaul Karim poses with the participants of its business development conference arranged for the branch managers in Dhaka city at the company's Motijheel branch in the city on Sunday.

Modi says India set to double oil refining capacity in five years

MUMBAI, Nov 22 (Reuters): India plans to nearly double its oil refining capacity in the next five years, Prime Minister Narendra Modi said on Saturday, offering a much more aggressive timeline than previously despite the coronavirus pandemic blighting the economy.The country's energy minister was quoted (here) in June as saying...

GE, Vietnamese firm ink power plant MOU

WASHINGTON, Nov 22 (Reuters): General Electric Co. and a Vietnamese company on Saturday signed a memorandum of understanding to develop a liquified natural gas power plant, according to GE and a senior Trump administration official.The signing took place during an event in Hanoi attended by Robert O'Brien, US President Donald...

Transatlantic diesel arrivals in US surge to record in Nov

LONDON, Nov 22 (Reuters): Arrivals of diesel and gasoil from Europe and the Baltics regions to the United States northeast coast have surged to a record high so far in November, according to data analytics firm Vortexa.Preliminary November arrivals to PADD 1, the US Atlantic Coast region stretching from Maine...

China's Bank of Communications opens 1st branch in Africa

SHANGHAI, Nov 22 (Xinhua): The Bank of Communications, one of China's largest commercial banks, has opened a branch in Johannesburg, South Africa, the first branch established by the bank on the African continent, according to its headquarters in Shanghai.As China and South Africa have deepened cooperation in the finance, trade...

EU denies gas plants a green finance tag, offers possible hydrogen loophole

BRUSSELS/LONDON, Nov 22 (Reuters): The European Commission on Friday proposed that power plants fuelled by natural gas would not be not classed as a sustainable investment in Europe, although plants could possibly gain a green label by burning some hydrogen.The landmark EU rules, due to be finalised this year, will...