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

Bangladesh among major hubs highly exposed to extreme heat: Study

Five major apparel production hubs, including Bangladesh, have experienced a 42-percent increase in high heat days over the last two decades, significantly affecting the workers and production. As climate change pushes temperatures up and the frequency of heat waves is accelerating at an alarming rate, workers in the world's biggest...

Yarn, Fabrics and Accessories Show begins in city tomorrow

The 10th Yarn, Fabrics and Accessories Show, a focused sourcing event, is set to begin at the International Convention City Bashundhara (ICCB) in the capital tomorrow (Wednesday), reports BSS.Organised by ASK Trade and Exhibitions Pvt Ltd, the four-day event will feature over 150 international suppliers showcasing a diverse range of...

Xiaomi to launch new SUV next summer

BEIJING, Dec 9 (Reuters): Chinese electronics maker Xiaomi said on Monday that it expects to launch its first SUV, the YU7, in June or July next year, as it ventures deeper into China's competitive auto market.The company announced the launch on China's social media platform Weibo alongside an image of...

AB BANK LAUNCHES FOUR DEPOSIT PRODUCTS

AB Bank relaunched its internet banking app 'AB Direct' and introduced four new products in the market recently. The products are AB Ilham, AB Amani, Kotipoti Deposit Scheme (KDS) and AB Swachchhandya. AB Ilham is an Islamic Shariah-based deposit product with an attractive profit. AB Amani is an Islamic Shariah-based...

Shahjalal Islami Bank signs deal with RANCON Motor Bikes

Shahjalal Islami Bank PLC signed an agreement with RANCON Motor Bikes Ltd at the bank's Corporate Head Office on Sunday. VP & Head of Card Division of the bank Md. Riad Hossain and Chief Operating Officer of RANCON Motor Bikes A K M Tauhidur Rahman signed the agreement. After the...

Midland Bank signs MoU with chaldal.com

Midland Bank PLC (MDB) signed an MoU with chaldal.com. Chaldal is the largest dedicated online grocery retailer. All MDB Visa Debit, Credit and Prepaid cardholders will enjoy 5% discount for a minimum order of Tk 1,999, twice a month, under the terms of this MoU. Iftekharul Alam, Chief Operating Officer...

Orientation for SBAC Bank MTOs

SBAC Bank PLC organised an orientation ceremony for the newly appointed Management Trainee Officers (MTOs) at the bank's Training Institute on Sunday. Habibur Rahman, Managing Director & CEO of the bank, was present as the chief guest. The bank's Additional Managing Director Md. Nurul Azim, Deputy Managing Directors Md. Altaf...

BRAC BANK TO PROVIDE CASH MANAGEMENT SOLUTIONS TO SEVEN RINGS CEMENT

BRAC Bank has partnered with Seven Rings Cement, a prominent brand in Bangladesh's cement industry, to deliver a suite of comprehensive cash management solutions designed to optimise its financial operations. As part of this collaboration, Seven Rings will benefit from BRAC Bank's cutting-edge CORPnet platform. CORPnet offers straight-through transaction processing...

ECB to cut rates again amid bleak eurozone outlook

FRANKFURT, Dec 09 (AFP): The European Central Bank (ECB) is expected to cut interest rates again this week amid a darkening outlook, with political turbulence in the eurozone's two biggest economies adding to the troubled picture.It would be the ECB's third straight reduction as it increasingly focuses on spurring lending...

German VW workers kick off second round of strikes

WOLFSBURG, Dec 09 (AFP): Thousands of Volkswagen workers walked out on Monday in the second round of strikes in the escalating conflict between unions and management over the German carmaker's drastic savings plans.The four-hour work stoppage was called at nine Volkswagen factories across the country.The action is twice the length...

China consumer prices rise at slower rate in November

BEIJING, Dec 09 (AFP): China's consumer inflation rate slowed in November, official data showed on Monday, as demand remains muted in the world's number two economy.The country is battling sluggish domestic consumption, a persistent crisis in the property sector and soaring government debt-all of which threaten Beijing's official growth target...