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

Bangladesh economy is on right track: IMF

MARRAKESH (Morocco), Oct 13 (BSS): Mentioning various measures of the government to address macroeconomic challenges, the International Monetary Fund (IMF) has observed that Bangladesh economy is on the right track."I think, the economy is on right track in terms of meeting the objective of programme, getting inflation under control and...

First Security Islami Bank PLC organised a daylong meeting

First Security Islami Bank PLC organised a daylong meeting in Khulna on Friday with participation of managers, managers operations and sub-branch in-charges under the branches of Khulna and Barishal zone of the bank. Syed Waseque Md Ali, Managing Director of the bank, presided over the meeting.

Youth Entrepreneurship Summit held

The National Youth Entrepreneurship Summit- 2023 was held on Friday with the participation of aspiring young entrepreneurs across Bangladesh, reports UNB.In Association with the Society for Bangladesh Agricultural Extension Network (BAEN), the Agreen Foundation organised the event at the KIB auditorium in the city.Additional Secretary of the Ministry of Agriculture...

US electric-vehicle sales hit record high

WASHINGTON, Oct 13 (Reuters): Electric vehicle (EV) sales in the United States jumped to more than 300,000 for the first time in the third quarter, but industry leader Tesla's market share slipped to the lowest on record, a report by Cox Automotive showed on Thursday.Tesla now dominates just half of...

Ericsson books $3b impairment

STOCKHOLM, Oct 13 (Reuters): Ericsson on Wednesday announced a 32 billion Swedish crown ($2.9 billion) impairment charge related to its acquisition last year of Vonage, and said core profits fell in the third quarter as demand tumbled in North America.The Swedish telecom gear maker bought Vonage in a $6.2 billion...

China's trade slump eases, boosting recovery hopes

BEIJING, Oct 13 (Reuters): China released a mixed batch of economic data on Friday showing a slump in exports and imports was gradually easing, but lingering deflationary pressures underlined the challenges policymakers face in trying to engineer a stronger economic recovery.China's policy support measures over recent months have begun to...

IMF chief announces Zambia debt deal

MARRAKESH (Morocco), Oct 13 (AFP): Zambia is close to signing a long-sought debt deal with its foreign creditors, an IMF spokesperson said Thursday after the institution's chief prematurely announced it was signed.Zambia reached an agreement in principle with creditors, which include China and Western nations, on $6.3 billion of its...

S’pore economy beats Q3 growth forecast

SINGAPORE, Oct 13 (AFP): Singapore's economy grew faster than expected in the third quarter, preliminary government estimates showed Friday, as construction and services made up for a continued slump in manufacturing.Gross domestic product expanded 0.7 per cent year-on-year in the three months ending September, beating forecasts of around 0.4 per...

Argentina annual inflation hits 138pc ahead of election

BUENOS AIRES, Oct 13 (AFP): Annual inflation in Argentina rose to 138 per cent in September, official figures showed Thursday, as economic woes mount ahead of a pivotal presidential election.Argentines are already struggling to make ends meet, with about 40 per cent of the population living in poverty as the...

Saudi Arabia records 12pc surge in e-commerce registrations

RIYADH, Oct 13 (Arab News): Saudi Arabia is seeing steady growth in e-commerce businesses, with the total number of registered firms touching 36,330 in the third quarter of 2023 - an annual rise of 12 per cent. The latest data released by the Minister of Commerce also showed that Riyadh...

RBI’s rupee management stretches valuation to near 2-year peak

MUMBAI, Oct 13 (Reuters): The Indian rupee's valuation against currencies of major trading partners has surged to a near two-year high on central bank intervention and elevated domestic inflation.The rupee's 40-currency real effective exchange rate (REER) shows the rupee was overvalued by 5.7 per cent at September-end, according to the...

Kia Corp unveils three small to mid-sized EVs

SEOUL, Oct 13 (Reuters): Kia Corp on Thursday unveiled three new small-to-medium sized electric vehicles (EV) to try to attract a wider range of customers and accelerate its electrification drive.The South Korean automaker said it planned to offer two electric compact sport-utility vehicles (SUVs) - EV5 and EV3 - and...