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

Uncertainty looms over Biman's bid to lease aircraft

The process to lease aircraft by Biman Bangladesh Airlines for smooth flight operation on regular routes during the Hajj season hangs in the balance, according to a senior official.The Biman passengers who have already booked tickets to go to Middle East countries would be affected in the event of unavailability...

BAT Bangladesh wins AREA Award

The British American Tobacco (BAT) Bangladesh has received yet another international accolade, the Asia Responsible Enterprise Award 2018 (AREA), says a press release.The company received the award for its corporate social responsibility (CSR) initiative Deepto in the Green Leadership category. The award was handed over at the International CSR Summit...

Survey puts BD among 10 worst labour rights guarantors

Bangladesh is once again ranked among the 10 worst countries in the world where labour rights are not guaranteed, according to a global survey.Other worst countries are Algeria, Cambodia, Colombia, Egypt, Guatemala, Kazakhstan, the Philippines, Saudi Arabia and Turkey.The shrinking democratic space for working people and unchecked corporate greed are...

Poultry traders seek withdrawal of 5.0pc RD on soybean oil cake

Poultry traders have called on the government to withdraw the proposed 5.0 per cent regulatory duty (RD) on the import of soybean oil cake, an ingredient of poultry feed.They also demanded withdrawal of the existing 5.0 per cent advance income tax (AIT) on maize import in the next budget for...

Ctg Port awaits big jump in cargo handling capacity

The New Mooring Container Terminal (NMCT) at the Chittagong Port will be fully operational by the end of this year with installation of 10 key gantry cranes.Presently, the terminal, opened in October 2015, has no gantry crane. Container handling at the port is being conducted by using the cranes of...

Amazon flexes muscles, Seattle backs down on business tax

SEATTLE, June 13 (AP): Amazon balked and Seattle is backing down.City leaders said they plan to repeal a tax on large companies such as Amazon and Starbucks as they face mounting pressure from businesses. The announcement is an about-face just a month after unanimously approving the measure to help pay...

India's rupee to rebound but path rife with pitfalls

BENGALURU, June 13 (Reuters): India's rupee will erase some of this year's losses against the dollar over the coming 12 months, according to a Reuters poll.But the poll found that the rupee's high volatility in the run up to general elections in 2019 could send the Indian currency off-piste.A selloff...

Australian interest rates may stay low for longer

The head of Australia's central bank has reiterated that any increase in the country's official cash rates was still "some time away" as wage growth and consumer prices remain tepid.The Reserve Bank of Australia (RBA) has held rates at a record low 1.50 per cent since last easing in August...

Toyota Motor to invest $1.0b in ride-hailing firm Grab

SINGAPORE, June 13 (Reuters): Toyota Motor Corp has agreed to invest $1.0 billion in Southeast Asian ride-hailing firm Grab.Japanese automaker Toyota will be a lead investor in the company's ongoing financing round, which was launched after it bought Uber Technologies' regional business.The investment by Toyota is the largest-ever by an...

Christine Lagarde Managing Director of IMF and German Chancellor Angela Merkel attending a news conference

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), and German Chancellor Angela Merkel attending a news conference after a meeting in the chancellery in Berlin, Germany, recently— Reuters

Brexit may make UK car sector 'extinct,' warns business lobby

LONDON, June 13 (AFP): The president of Britain's main business lobby on Wednesday warned that the country's car industry risked "becoming extinct" outside the EU's customs union."If we do not have a customs union, there are sectors of manufacturing society in the UK which risk becoming extinct," Confederation of British...

French govt announces major privatisations

PARIS, June 13 (AFP): The French government has announced the first major privatisations under President Emmanuel Macron which will be used to finance a new innovation fund and pay down the country's public debt.Under a draft law unveiled late Tuesday, the government plans to lower its shareholdings in airport operator...

Trump tariffs driving up costs for General Motors

DETROIT, June 13 (AFP): US President Donald Trump's harsh tariffs on steel and aluminum are increasing costs for US auto giant General Motors but the company is examining the fallout, GM's chief executive said Tuesday."Clearly we want to maintain affordability in vehicles. We are seeing cost increases," CEO Mary Barra...

Judge clears AT&T takeover of Time Warner

A US district court judge has cleared the merger of telecoms giant AT&T and media firm Time Warner, in a major defeat for government regulators, reports BBC.The US had sued to block the deal, arguing that it would reduce competition in pay TV and lead to higher prices for consumers.But...

UK top court makes landmark ruling on 'gig economy' plumber

LONDON, June 13 (AFP): Britain's Supreme Court on Wednesday ruled that a plumber employed in the so-called gig economy had "worker" status in a landmark case that could have major implications for the booming sector.The country's highest court decided unanimously that Gary Smith was a "worker" for Pimlico Plumbers for...