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

Govt extends guarantee by one year

The government has extended its guarantee by one year against Rajshahi Krishi Unnayan Bank's (RAKUB) loan of Tk 10 billion taken under the central bank's refinance scheme, according to sources.The Financial Institutions Division (FID) has updated the guarantee period to run from October 25, 2024, to October 24, 2025 as...

Air India Express to operate on Dhaka-Kolkata, Dhaka-Chennai routes from next month

Air India Express, a low-cost Indian airline, is set to launch its flights from Kolkata and Chennai to Dhaka starting September 3.The airline offers fares that are more than 25 per cent lower compared to other carriers operating on these routes.Air India Express, a subsidiary of the Indian flag carrier...

Audi's new China EV series won't have four-ring logo

SHANGHAI, Aug 4 (Reuters): Audi's new electric cars series developed in China for the Chinese market will not sport its four-ring logo, two people with direct knowledge of the plans said.The decision by the premium marque owned by Germany's Volkswagen is due to "brand image consideration," one of the people...

Filling stations in many areas of the city remained shuttered

Filling stations in many areas of the city remained shuttered on Sunday as students continued their protests under the banner of 'Movement against Discrimination' to press for their one-point demand. This photo of a filing station was taken in Motijheel area. — FE photo

Spot LNG prices hit 7-month high on hot weather

LONDON, Aug 4 (Reuters): Asian spot liquefied natural gas (LNG) prices rose last week to their highest level in over seven months as high temperatures in Japan and South Korea boosted power demand and amid heightened geopolitical risks due to tensions in the Middle East.The average LNG price for September...

RENOVATED PATUAKHALI BRANCH OF UTTARA BANK OPENS

Managing Director & CEO of Uttara Bank PLC Mohammed Rabiul Hossain inaugurated the newly renovated Patuakhali Branch of the bank in Patuakhali virtually on Sunday. Deputy Managing Directors Maksudul Hasan, Md. Abul Hashem, Md. Ashraf-uz-Zaman, and Md. Rezaul Karim were present on the occasion.

Tourist splurge in Japan creates new headache for luxury brands

TOKYO, Aug 4 (Reuters): Tourists are flocking to Japan to scoop up high-end clothes and handbags at a discount thanks to the weak yen currency. Luxury goods companies like Louis Vuitton parent LVMH would rather they stayed home and shopped.The yen's sell-off - it hit a 38-year low against the...