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

Gold gains on virus spread, palladium surges to record

BENGALURU, Feb 27 (Reuters): Gold prices rose on Thursday as the rapid spread of coronavirus outside China fuelled demand for safe-haven assets and bolstered bets for interest rate cuts by major central banks, while palladium scaled an all-time high on supply deficit worries.Spot gold rose 0.6 per cent to $1,648.63...

Riva Ganguly Das speaking at a seminar

High Commissioner of India, Riva Ganguly Das speaking at a seminar on "Scope of enhancing Indo-Bangla Bilateral Trade in light of Indian National Budget 2020" jointly organised by India-Bangladesh Chamber of Commerce and Industry (IBCCI) and the High Commission of India in Bangladesh at a city hotel recently

Oil prices fall for fifth day to lowest in a yr

LONDON, Feb 27 (Reuters): Oil prices fell 2.0 per cent on Thursday, plunging for fifth day to their lowest since January 2019 as a rise in new coronavirus cases outside China fuelled fears of a pandemic that could slow the global economy and dent demand for crude.Brent crude LCOc1 was...

Judge rejects UK govt's Heathrow Airport expansion plan

LONDON, Feb 27 (Reuters): Britain's plan to expand Heathrow Airport has been rejected by an appeal court judge on climate change grounds, meaning that the government will have to go back to the drawing board and amend the policy.The judge said on Thursday that the government had not sought permission...

Winners of the 'Balanced-Life' story contest

Winners of the 'Balanced-Life' story contest, hosted by the balanced drinking water brand Spa in Bangladesh, posing when they visited the Mahamaya Lake in Mirsharai recently

Coffee prices in Vietnam edge up

HANOI/BANDAR LAMPUNG, Indonesia, Feb 27 (Reuters): Domestic coffee prices in Vietnam edged higher this week on scarce supply, while trading activities in Indonesia remained sluggish, traders said on Thursday.Farmers in the Central Highlands, Vietnam's largest coffee-growing area, sold coffee at 32,000 dong ($1.38) per kg, up from 31,500 dong last...

Japan's steel industry head urges China to cut output

TOKYO, Feb 27 (Reuters): Chinese steelmakers should cut production to reflect weakening demand from manufacturers amid a coronavirus outbreak as steel inventories climb in the world's biggest steel producer, the head of Japan's steel industry said on Thursday.China's crude steel output rose 7.2 per cent in January from a year...

China turns to online car sales as virus spreads

More automakers are selling cars online in China as worried consumers stay away from showrooms to stop the spread of the coronavirus, reports BBC.Chinese carmaker Geely is the latest to launch a new online service to try to boost sales in the country.It joins the likes of Tesla, BMW and...

Monsanto merger pumps up Bayer profits

FRANKFURT AM MAIN, Feb 27 (AFP): The acquisition of seeds and pesticides maker Monsanto remained both boon and burden for German chemical and pharma giant Bayer in 2019, ensuring bumper profits but miring the company in tens of thousands of legal disputes over a key weedkiller."We met our financial goals,...

BP to quit main US refining lobby

LONDON, Feb 27 (Reuters): BP will leave the main US. refining lobby and two other trade groups as new Chief Executive Bernard Looney spurs some of the oil sector's most ambitious targets for curbing carbon emissions.The decision follows a review of its membership in over 30 associations around the world,...