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

Slumping oil price hits international migrants’ income: RMMRU study

The poverty rate of migrant households has remained unchanged in the last three years as their income has not grown, a new survey.About 9.0 per cent of international migrants' households lived below the poverty line between 2014 and 2017, said the study, conducted by the Refugee and Migratory Movements Research...

Sustaining garment growth to hinge on R&D, innovation

Speakers at a programme on Wednesday laid emphasis on creating strong forward linkage, especially in market-research to sustain the apparel sector's growth rate at an expected level.They also said conducting in-depth research, product diversification and adopting latest industrial technology are also essential for achieving the $50 billion exports target.The opinions...

Bhutan shows interest to expand business ties

The visiting delegation of Bhutan expressed deep interest on Wednesday to develop business relationships with Bangladesh.The expression of interest came at a meeting between the 36-member Bhutanese delegation and the leaders of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), held at the conference room of the apex...

SK Sur set to advise BB

S. K. Sur Chowdhury is going to be appointed Banking Reform Advisor of Bangladesh Bank on completion of his tenure as a deputy governor. According to Bangladesh Bank, the decision to appoint Sur Chowdhury in the new post was made at the governing body meeting of the central bank on...

India budget to test investors' faith in Modi's government

MUMBAI, Jan 31 (Reuters): Since his election four years ago, Indian markets have welcomed Prime Minister Narendra Modi's campaign to mend patchy public finances and develop new areas of growth in Asia's third largest economy.To keep investors' confidence, however, Modi's government will need to be seen containing the fiscal deficit,...

Ericsson rings up huge losses in 2017

STOCKHOLM, Jan 31 (AFP): Swedish telecoms giant Ericsson said on Wednesday that it rang up huge losses last year as network competition, restructuring costs and investment in lightning-fast 5G technology pushed it deeply into the red.The news sent Ericsson's share price tumbling nearly nine per cent on the Stockholm stock...

May in China with biggest team eyeing post-Brexit trade ties

BEIJING, Jan 31 (AFP): British Prime Minister Theresa May arrived in China on Wednesday as she seeks to bolster her country's global trade links ahead of its contentious divorce with the European Union. May began her visit in the central industrial city of Wuhan and will be in China until...

Bond markets experience worst month in more than a year

LONDON, Jan 31 (Reuters): Bond markets in Europe and the United States were on Wednesday set to end January with their worst month since late 2016, a sign that the tide for bonds has turned as a stronger world economy spells the end for ultra-easy monetary policies.Euro zone government bond...

German inflation slower in Jan

FRANKFURT AM MAIN, Jan 31 (AFP): Inflation in Germany was slower than expected in January, official data showed Tuesday, in a disappointing sign for the European Central Bank from Europe's largest economy. German inflation stood at 1.6 per cent on an annual basis this month, federal statistics office Destatis said...

Kenya new car sales fall in 2017

NAIROBI, Jan 31 (Reuters): New vehicle sales in Kenya dropped 20.78 per cent last year, hit by a sluggish economy, a prolonged presidential election and an interest rate cap, the umbrella body for the industry said on Wednesday.Global carmakers such as Volkswagen have been investing in vehicle assembly in the...

Thai Dec private consumption declines

BANGKOK, Jan 31 (Reuters): Thailand's private consumption contracted in December from the previous month while investment rose slightly, central bank indexes showed on Wednesday, suggesting that a recovery in Southeast Asia's second-largest economy is still patchy.The Bank of Thailand's (BOT) private consumption index for December fell 0.4 per cent from...

Eastern India Summit 2018

India-Bangladesh Chamber of Commerce and Industry (IBCCI) President Abdul Matlub Ahmad, also Chairman of Nitol Group, addresses the inaugural session of the Eastern India Summit 2018 in Kolkata recently. Confederation of West Bengal Trade Association (CWBTA) organised the two-day summit which concluded on Jan 29.