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

Oil price gains on supply disruptions

LONDON, Oct 06 (Reuters): Oil prices gained on Tuesday amid supply disruptions in Norway, a new hurricane in the Gulf of Mexico, and US President Donald Trump's return to the White House after being treated for COVID-19 in hospital.Brent crude futures were up 38 cents, or 0.9 per cent, by...

Murshedul Kabir DMD of Janata Bank

Md Murshedul Kabir has been promoted as deputy managing director (DMD) of Janata Bank Ltd, said the bank in a statement.Prior to this, he was acting as general manager at the Dhaka North divisional office of the same bank.He joined the bank as a senior officer through the Bangladesh Bank's...

Bluefin tuna in focus as Japan seeks boost to catch limits

MITO (Japan), Oct 06 (AN): Countries involved in managing bluefin tuna fisheries are set to face-off over a Japanese proposal to raise its catch quotas for the fish, highly prized for sushi and sashimi.At an online meeting that began Tuesday, Japan is seeking to raise its catch limits for both...

ExxonMobil to slash European workforce 11pc with 1,600 layoffs

WASHINGTON, Oct 06 (AFP): US oil and gas giant ExxonMobil announced Monday it would slash 1,600 jobs in Europe, more than 11 per cent of its workforce in the region, as it struggles with the hit from the coronavirus downturn."The impact of Covid-19 on the demand for ExxonMobil's products has...

Lufthansa CEO says no end in sight to burning through cash

FRANKFURT, Oct 06 (Reuters): Deutsche Lufthansa is burning cash at a rate of 500 million euros ($590 million) per month and is far from breaking even, the German airline's chief executive said on Monday.Speaking at an event run by the BDI association of German industrial companies in Berlin, Carsten Spohr...

Gold price steady

BENGALURU,Oct 06 (Reuters): Gold held steady on Tuesday as a weaker dollar countered improved appetite for riskier assets after US President Donald Trump left the hospital where he was being treated for COVID-19.Spot gold was little changed at $1,912.81 per ounce by 0946 GMT, having hit its highest since Sept....