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

Global edible oil prices tumble on record soybean supplies

KUALA LUMPUR/BEIJING, Dec 18 (Reuters): Global edible oil markets slid on Wednesday, as expectations for a record soybean crop in Brazil early next year and a new US plan to allow gasoline sales with higher ethanol blending raised worries over vegetable oil demand, triggering a selloff.The prospect that Indonesia's expanded...

Copper edges up after hitting two-week low

LONDON, Dec 18 (Reuters): Copper prices edged up in London on Wednesday after hitting their lowest in more than two weeks, but remained under pressure from concerns about demand from top consumer China and caution ahead of the U.S. Federal Reserve's interest-rate decision.Three-month copper on the London Metal Exchange (LME)...

Indian mills can export up to 2m tonnes of sugar

NEW DELHI, Dec 18 (Reuters): India's sugar mills can easily export up to 2 million tonnes of the sweetener this season as domestic supply prospects improve and local prices show a downward trend, the head of a leading industry body said on Wednesday."The supply situation looks better than initially expected,...

Crude oil steady ahead of US Fed rate decision

Oil prices traded in a narrow range on Wednesday as investors stayed cautious ahead of a potential interest rate cut by the US Federal Reserve and its projections for 2025, while a draw in US crude inventories offered some support, reports Reuters.Brent futures rose 42 cents, or 0.57 per cent,...

Gold prices little changed

Gold prices were little changed on Wednesday as investors remained cautious ahead of the US Federal Reserve's policy decision, which is also expected to offer guidance on its outlook for next year, reports Reuters.Spot gold inched down 0.1 per cent to $2,643.79 per ounce by 1256 GMT. US gold futures...

Cocoa prices head near record

LONDON, Dec 18 (Reuters): Cocoa prices rallied on Wednesday, heading towards April's record peak as the market continues to fear that dry weather in West Africa will result in a fourth consecutive deficit this season.COCOANew York cocoa futures on ICE rose 3.5 per cent to $12,182 a ton, nearing April's...