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Global oil giants rake in massive profits in third quarter

Global oil-and-gas giants including Exxon Mobil, Chevron and Equinor posted huge profits in the third quarter, benefiting from surging energy costs that have boosted inflation around the world and hit consumers hard, reports Reuters.Oil companies booked billions of dollars in profits as prices for crude, natural gas and fuels like...

840th meeting of Shahjalal Islami Bank

Fakir Akhtaruzzaman, Vice-Chairman of the Executive Committee (EC) of Shahjalal Islami Bank Limited., presides over the 840th meeting of the committee at the bank's Corporate Head Office in the city recently

Copper slides as longs flee and dollar firms

LONDON, Oct 28 (Reuters): Copper drifted lower on Friday as bullish investors shed long positions while the dollar strengthened and top metals consumer China reported more coronavirus cases and renewed lockdowns.Three-month copper CMCU3 on the London Metal Exchange (LME) declined 1.9% to $7,617 a tonne by 1025 GMT after touching...

Chicago grains ease as exports, weather assessed

PARIS/SINGAPORE, Oct 28 (Reuters): Chicago corn, wheat and soybeans edged down on Friday as grain markets assessed mixed export indications, uncertainty over the shipping corridor from Ukraine and rain relief for US and Argentine crops.Weakness in broader financial markets, as earnings forecasts from technology giants and new COVID-19 restrictions in...

Boeing reports huge loss on defense contract woes

NEW YORK, Oct 28 (AFP): Aerospace giant Boeing reported a surprise $3.3 billion third-quarter loss Wednesday as it struggled with swelling costs on several defense programs, including the US presidential jet Air Force One.The performance woes in defense -- which also affected the KC-46 refueling and military transport aircraft and...

Energy prices to decline 11pc in 2023, says WB

The World Bank on Wednesday said it expects energy prices to decline 11 percent in 2023 after a 60 percent surge in 2022, with slower global growth and continued COVID restrictions in China posing key downside risks, reports Reuters.The bank in its latest Commodity Markets Outlook projected a Brent crude...