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

Iraq reaches initial deal with Chinese co to develop East Baghdad oilfield

BAGHDAD, Dec 24 (Reuters): Iraq reached an initial deal with China's state-run Zhenhua Oil to develop the southern portion of the East Baghdad oil field, the oil ministry spokesman said on Sunday.Iraq is seeking the help of Zhenhua Oil to increase production from East Baghdad oilfield to 40,000 barrels per...

World’s largest amphibious aircraft takes off

BEIJING, Dec 24 (AFP): China's home-grown AG600, the world's largest amphibious aircraft in production, took to the skies on Sunday for its maiden flight.The plane codenamed "Kunlong" according to state news agency Xinhua, took off from the southern city of Zhuhai and landed after roughly an hour long flight.With a...

ArcelorMittal tells Ilva it wants to change buying contract

ROME, Dec 24 (Reuters): Steelmaker ArcelorMittal has told commissioners running Italy's Ilva plant that it wants changes made to the contract in which it agreed to buy the company in order to protect it from legal challenges in Italy.ArcelorMittal, the world's top steelmaker, reached a 1.8-billion-euro ($2.1 billion) deal to...

Chile´s Antofagasta to push ahead with plans for Minnesota mine

SANTIAGO, Dec 24 (Reuters): Chile´s Antofagasta Plc will push ahead with permitting for a copper-nickel mine in the US state of Minnesota after the Trump administration overturned an Obama-era decision to protect a nearby wilderness area, it said on Saturday.The US Department of Interior had refused to renew mineral leases...

Palladium jumps to 17-year high

NEW YORK/LONDON, Dec 24 (Reuters): Palladium prices jumped to 17-year highs on Friday as strong demand from autocatalyst makers reinforced the prospect of market shortages, while gold rose for the sixth straight session to reach a 2-1/2-week high on weak US economic data.Spot palladium turned down 0.06 per cent to...

Guardian Life Insurance Limited handed over a claim cheque

Guardian Life Insurance Limited handed over a claim cheque worth over Tk 35.0 million (Tk 3.0 crore 50 lakh 91 thousand and 421) to Brac at the Insurance Development and Regulatory Authority (IDRA)-organised fair in Sylhet recently. A BRAC representative received the cheque on behalf of their microcredit borrowers from...