BB extends deadline for card-to-MFS 'Add Money' compliance until Dec 31
Bangladesh Bank (BB) has extended the deadline for Mobile Financial Service (MFS) providers and scheduled banks to comply with specific regulatory requirements for the 'Add Money' facility from bank cards to personal MFS accounts until December 31, 2026, reports BSS.The central bank issued the directive Thursday through PSD-1 Circular Letter...
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Oil price falls on Hormuz talks
Oil prices fell on Thursday, as investors weighed talks between Oman and Iran over the Strait of Hormuz even as Washington and Tehran traded strikes on each other's military targets again, reports Reuters.Brent futures were down $1.42, or 1.56per cent, at $89.32 a barrel at 1324 GMT after touching a...
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Gold gains on softer dollar as mkts assess Fed stance, Middle East tensions
Gold rose on Thursday as a softer US dollar lent support, while investors weighed the Federal Reserve's decision to keep interest rates unchanged and monitored escalating tensions in the Middle East that could stoke inflationary pressures, reports Reuters.Spot gold rose 0.3per cent to $4,076.52 per ounce by 1131 GMT. US...
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Copper's tariff dislocation risks becoming structural split
LONDON, July 30 (Reuters): The copper market was expecting US President Donald Trump to decide on whether to impose import tariffs on refined copper at the end of June.It's been waiting over a year for a final ruling and it's still waiting.The deadline for Commerce Secretary Howard Lutnick to make...
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Iron ore giants BHP and Rio are morphing into copper plays
LAUNCESTON, Australia, July 30 (Reuters): At what point should major iron ore miners BHP Group and Rio Tinto, shift to being described in terms of their copper portfolios rather than their contribution to steel making?Now might be a good time. Their latest results show copper is increasingly driving profits.Rio posted...
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