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

Aramco CEO says oil industry facing ‘a crisis of perception’

LONDON, Feb 26 (Reuters): Saudi Aramco's chief executive said on Tuesday the oil industry is facing "a crisis of perception" and the views of some observers that the end of oil is near with the rise of electric vehicles are illogical and not based on fact.Amin Nasser, CEO of the...

IFIL Chairman Shibbir Mahmud presiding over 247th board meeting

Islamic Finance and Investment Limited (IFIL) Chairman Shibbir Mahmud presiding over the the 247th board meeting of the company at its board room on Tuesday. Managing Director and CEO A Z M Saleh was present, among others

Jet Airways top creditor: SBI

MUMBAI, Feb 26 (Reuters): State Bank of India (SBI) said reports on Monday that it was considering taking heavily indebted Jet Airways Ltd to an insolvency tribunal to recover loans were "speculative", and no such decision had been taken.The loss-making Indian airline approved a rescue deal in mid-February after months...

Palladium retraces after breaching $1,550, gold awaits Fed

BENGALURU, Feb 26 (Reuters): Palladium retreated on Tuesday as investors took profits after the autocatalyst metal breached $1,550 for the first time due to a worsening supply scenario, while gold held a tight range ahead of US Federal Reserve chairman Jerome Powell's testimony.Spot palladium, which traded as high as $1,554.50...

ONE Bank

Gazi Yar Mohammed, EVP and Head of Digital and Inclusive Financial Services of ONE Bank Limited, and Anisul Islam, Managing Director and CEO of Cloud Well Limited, exchanging documents after signing an agreement at the Corporate Headquarters of ONE Bank Limited in the city recently. Under the agreement, Cloud Well...

Iran buys Indian sugar for the first time in five years

MUMBAI, Feb 26 (Reuters): Indian traders will export raw sugar to Iran for March and April delivery, five trade sources said, the first Indian sugar sales to Tehran in at least five years as Iran struggles to secure food supplies under sanctions imposed by the US.Under the sanctions, Iran is...

China's iron ore hits three-week low, rebar up for fourth day

MANILA, Feb 26 (Reuters): Chinese iron ore futures hit their lowest in more than three weeks on Tuesday following news that Brazil's average daily exports of the steel-making raw material this month outpaced shipments a year earlier, despite last month's mine disaster.The Chinese ferrous market, however, ended a volatile session...