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

Oil gains as vaccine hopes outweigh lockdown impact

LONDON, Nov 10 (Reuters): Oil prices rose on Tuesday as hopes that a COVID-19 vaccine could be on the horizon outweighed the expected negative impact on fuel demand of new lockdowns to curb the virus.Brent crude LCOc1 futures rose 45 cents, or 1.1 per cent, to $42.85 by 1030 GMT,...

Norwegian Air could grind to a halt early next year

OSLO/PARIS, Nov 10 (Reuters): Norwegian Air's cash crisis could force the debt-laden budget airline to halt operations early next year, the company warned as it issued another plea for rescue funding after reporting quarterly results on TuesdayThe rapid expansion of the pioneer in low-fare transatlantic flights has left it with...

Pizza Hut to offer pizzas with Beyond Meat sausages in US, UK

CALIFORNIA, Nov 10 (Reuters): Pizza Hut on Tuesday launched two pizzas with plant-based meat maker Beyond Meat's sausage in the United States and the United Kingdom (UK) for a limited time, taking advantage of the consumer craze for plant-based meat options during the COVID-19 pandemic.The chain, owned by US-based Yum...

Gold gains on investor bets for further monetary support

BENGALURU, Nov 10 (Reuters): Gold rebounded on Tuesday, rising more than 1 per cent, as investors bet on continued monetary support from central banks to revive a pandemic-hit global economy.Gold had fallen sharply on Monday as optimism for a COVID-19 vaccine lifted appetite for riskier assets. Spot gold climbed 1...

Record new renewable energy capacity this yr and next: IEA

LONDON, Nov 10 (Reuters): Record levels of new renewable energy capacity are set to come on stream this year and next, while fossil fuel capacity will fall due to an economic slump and the COVID-19 crisis, the International Energy Agency (IEA) said in a report.In its annual renewables outlook, the...

BP, Orsted launch green hydrogen project

LONDON, Nov 10 (Reuters): BP and Danish renewable energy group Orsted have partnered to develop zero-carbon hydrogen at a German oil refinery, BP's first full-scale project in a sector that is expected to grow rapidly.The project will produce so-called green hydrogen at the Lingen refinery in north-west Germany through the...

Lockdowns weigh on global fuel recovery

LONDON/NEW YORK/SINGAPORE, Nov 10 (Reuters): Renewed restrictions in Europe and the United States (US) to combat the coronavirus have slowed down the pace of fuel demand recovery, offsetting a rebound in Asian economies where consumption has almost returned to pre-COVID levels.As the second wave of the virus hit many Western...

Huawei wins stay against exclusion from Sweden 5G

STOCKHOLM, Nov 10 (AFP): A Swedish court has suspended a decision banning Huawei equipment from the country's 5G network while it considers the merits of the case against the Chinese telecoms giant.The ruling by the Stockholm administrative court forced the Swedish Post and Telecom Authority (PTS) to announce late Monday...