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

Oil prices soar to $177/b on Trump’s Iran threats

LONDON, Mar 30 (AFP): Oil prices rose as the Middle East crisis escalated with the entry of Houthi rebels into the war and as US President Donald Trump threatened to destroy Iran's main export terminal. The cost of Brent crude lifted more than 3.0 per cent to 117 US dollars...

'SIBL deliberately weakened over 7-8 yrs by both S Alam and BB'

Social Islami Bank PLC (SIBL), once a profitable institution, has been deliberately weakened over the past seven to eight years, with both the S Alam business group and Bangladesh Bank remaining equally responsible for its decline, alleged Md. Mahmudul Hasan, lawyer for the bank's former chairman Rezaul Haque."For the past...

India boosts renewable push amid gas supply disruptions

NEW DELHI, Mar 30 (Reuters): India is accelerating clearances for commissioning of wind power plants and battery energy storage systems as the US-Israeli war against Iran has led to a gas shortfall, the country's junior power minister said on Monday.Although gas accounts for only around 2 per cent of India's...

Gold gains for second straight session, yet set for monthly fall

LONDON, Mar 30 (Reuters): Gold rose for a second straight session on Monday as safe-haven demand picked up, although prices were headed for a monthly decline as the Middle East conflict sparked inflation concerns and expectations of higher global interest rates.Spot gold rose 1.6 per cent to $4,564.00 per ounce...

Air China resumes flights to N Korea after 6-year pause

BEIJING, Mar 30 (AFP): Air China restarted direct flights between Beijing and Pyongyang on Monday after a six-year hiatus, another sign isolated North Korea is gradually opening up following the resumption of train services between the capitals.China has acted as a lifeline for North Korea's moribund economy as its largest...

Norway to cut petrol, diesel taxes over Mideast

OSLO, Mar 30 (AFP): Norway will temporarily slash its taxes on petrol and diesel to counter rising prices as the Middle East war disrupts global energy supplies, the government said Monday.As of April 1, the tax on petrol will be reduced by 4.41 kroner ($0.41) per litre and that on...

Aluminium prices jump after Gulf attacks

LONDON, Mar 30 (AFP): Aluminium prices climbed around six per cent in early trading on Monday after Iran attacked two major plants in the Gulf that produce the widely used metal, raising concerns over supply disruptions.Gains later reduced, though prices were still up 4.2 per cent at $3,435 per tonne...