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

How is economy coping with 10-day Eid holiday?

With government offices, banks, ports, factories, private institutions and retail outlets all shut for the 10-day Eid-ul-Azha holiday, economists and business leaders say the country has entered a state of economic stagnation, reports UNB.A visit to several bustling wholesale and retail markets in the capital - typically alive with traders...

Biman reroutes flights as Israel strikes shut Iran airspace

Following Israel's airstrikes on Iran, not only has Tehran closed its airspace to civilian aircraft, but neighbouring Jordan and Iraq have also shut down their skies, reports bdnews24.com.As a result, international flights are being rerouted through alternative paths, disrupting global airline schedules. Several major carriers have cancelled flights, and many...

Global imbalances grow as ever more copper flows to the US

LONDON, June 13 (Reuters): The collective scramble to move as much physical copper as possible to the U.S. before the imposition of import tariffs is creating shortages in the rest of the world.London Metal Exchange (LME) stocks have fallen to nearly two-year lows with time-spreads flaring into backwardation as inventory...

Cuban students reject dollarisation

HAVANA, June 13 (AFP): It took a steep hike in mobile internet tariffs to unleash a rebellion among Cuban students on a scale unseen since the 1959 revolution that brought Fidel Castro to power.The new pricing structure, which came into effect on May 30, punished people who exceeded their meager...

Strategie Grains raises EU wheat crop forecast again

Strategie Grains lifted its forecast for the European Union's main wheat crop for the third month in a row as Spain and southeast Europe remain on course for a bumper harvest, while rain has brought relief to parched parts of northern Europe, reports Reuters.In monthly cereal forecasts, the consultancy projected...

Gold surges 1.7pc on Israel-Iran tensions

Gold prices soared on Friday as investors flocked to safe-haven assets following Israeli airstrikes on Iran, re-igniting fears of a broader conflict in the Middle East, reports Reuters.Spot gold rose 1.7% at $3,439.79 an ounce as of 0923 EDT (1323 GMT), coming within striking distance of its record high of...