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

Second-round talks in city from Nov 10

Dhaka and Tokyo are expected to start second-round negotiations on November 10 to pen the Economic Partnership Agreement (EPA) between Bangladesh and Japan in principle to boost bilateral trade.A wide range of areas, including trade in goods and services, e-commerce, customs procedures, sanitary and phytosanitary (SPS) measure, internet, intellectual property,...

StanChart signs MoU with DBL Lifestyles

Standard Chartered Bangladesh has recently signed a Memorandum of Understanding (MoU) with DBL Lifestyles, franchise partner of Adidas, Nike, Puma and Levis. Only Standard Chartered Cardholders using VISA Signature credit, Platinum credit and Priority Banking debit cards can now enjoy 15% discount on Adidas products, and 10% discount on Nike,...

AIB opens 226th Branch at Habiganj

Al-Arafah Islami Bank (AIB) PLC opened the 226th branch at Habiganj on Monday. Managing Director and CEO of the bank Farman R. Chowdhury inaugurated the new branch as the chief guest. Deputy Managing Director Md. Aminul Islam Bhuiyan gave a welcome speech while Sylhet Zonal Head and Senior Executive Vice...

FIRST SECURITY ISLAMI BANK BOARD MEETING HELD _

A meeting of the Board of Directors of First Security Islami Bank was held at the board room of FSIB Head Office in Dhaka on Sunday, with Mohammad Abdul Mannan, Chairman of the Board, in the chair. The Board expressed its satisfaction over the performance of employees in recovering defaulted...

BP abandons goal to cut oil output, resets strategy

LONDON, Oct 7 (Reuters): BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said.When unveiled in 2020, BP's strategy was the sector's most ambitious...

Sri Lanka’s leftist govt secures $200m WB loan

COLOMBO, Oct 07 (AFP): Sri Lanka said on Monday it had secured a new $200 million World Bank loan to bolster economic recovery, the first foreign funding since leftist President Anura Kumara Dissanayake won elections.Dissanayake, a self-avowed Marxist, took power last month on the back of public anger over the...

India asks banks to stop making large bets against rupee

MUMBAI, Oct 07 (Reuters): India's central bank has asked state-run and private lenders to refrain from betting heavily against the rupee in an effort to support the currency which has been teetering near record-low levels for the past three trading sessions, four sources said.The Reserve Bank of India (RBI) informally...

Recession fears mount as German factory orders plunge

FRANKFURT, Oct 07 (AFP): German industrial orders fell more than expected in August, official data showed Monday, adding to fears that Europe's largest economy will end the year in recession.New orders, closely watched as an indicator of future business activity, plunged by 5.8 per cent month-on-month, according to federal statistics...

France vows to adhere to EU spending rules

LUXEMBOURG, Oct 07 (AFP): France's new finance minister Antoine Armand on Monday will strive to convince his EU counterparts that Paris is serious about reining in its ballooning deficit and complying with the bloc's budget rules.The new minister will present the national budget on Thursday, which Paris hopes will tackle...