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

E-commerce sees big deal in Aug

E-commerce transactions through cards across the country saw a substantial increase in August, indicating a growing personal preference among consumers for online shopping.This uptrend reflects people's passion for purchasing items online for its comfort, convenience and affordability as it saves time and offers competitive rates.According to the data available with...

Tradition of Khatunganj business hub must be restored, says adviser

CHATTOGRAM, Oct 13 (BSS): Bir Protik Faruk E Azam, the adviser to the liberation war affairs and disaster management ministries, said that the old tradition and glory of the country's largest wholesale market Khatunganj must be restored.The adviser made the comment while speaking as chief guest at a view-exchange meeting...

BRAC Bank, Apollo Imperial Hospitals host health awareness programme

BRAC Bank organised a health awareness programme in Chattogram in collaboration with Apollo Imperial Hospitals for its valued customers. The event, a joint initiative of the bank's TARA and Premium Banking segments, was held at the hospital recently.Attended by around 100 guests, the programme focused on raising awareness about health...

Dhaka Regency celebrates 'Local Culinary Heritage'

Dhaka Regency Hotel & Resort has announced a special culinary event, 'The Local Culinary Heritage of Bangladesh', to celebrate the rich and diverse flavours of Bangladeshi cuisine. The event, which began on October 9 and will continue up to October 19, aims to showcase traditional dishes from various regions of...

BRAC Bank signs deal with Evercare

BRAC Bank has signed an agreement with Evercare Hospital to provide collection services to Evercare Hospital. The technology-enabled smart banking services will enable Evercare to improve the transaction efficiency of the Accounts & Finance Division of the hospital. A. K. M. Tareq, Senior Zonal Head, North, BRAC Bank, and, Md....

World Standards Day today _

The 55th World Standards Day will be observed in the country today (Monday), an annual event aimed at raising awareness about the importance of standards for goods and services worldwide.This year, the theme of the day is 'Our Shared Vision for a better world', reports BSS. To mark the day,...

FBCCI team inspects kitchen markets

The Federation of Bangladesh Chambers of Commerce and Industry, or FBCCI, has inspected the Karwan Bazar kitchen market in Dhaka, aiming to stabilise the prices of essential commodities, maintain supply chains, and curb market syndicates, reports bdnews24.com.The FBCCI's market monitoring team, led by its administrator Md Hafizur Rahman, inspected the...

Vietnam, China sign 10 deals ranging from agri trade to payment

HANOI, Oct 13 (Reuters): Vietnam and China signed 10 agreements ranging from agriculture cooperation to cross-border QR code payments on Sunday, during Chinese Premier Li Qiang's three-day visit to Hanoi, as the two neighbours seek to boost ties.China is Vietnam's largest trading partner and a vital source of imports for...

Giorgio Armani plans to retire within 'two or three years'

ROME, Oct 13 (Reuters): Giorgio Armani, the founder of the eponymous Italian fashion brand, said in an interview published on Sunday that he plans to retire within the next two or three years.Armani is 90 years old and has so far been tight-lipped about the succession plans for the company...

Google wants US judge's app store ruling put on hold

NEW YORK, Oct 13 (Reuters): Google has asked a California federal judge to pause his sweeping court order requiring it to open up its app store Play to greater competition.In a court filing on Friday night, Google said US District Judge James Donato's injunction order, which goes into effect on...

Central bank body calls for more detailed monitoring of bank liquidity risks

LONDON, Oct 13 (Reuters): Banking supervisors should ensure that individual entities of global banks have sufficient liquidity rather than just monitoring risks at group-level, the Bank for International Settlements, said on Friday in research on last year's banking turmoil.In a report to G20 finance ministers and central bank governors, the...

Health of US consumer in focus as earnings season heats up

NEW YORK, Oct 13 (Reuters): The health of the US consumer moves into the spotlight next week, with investors watching corporate earnings reports and retail sales data for further confirmation of the economic resilience that has boosted equity markets this month.As earnings season kicks off, stocks are on a roll....

IMF to lower member borrowing costs by $1.2b annually

The International Mone-tary Fund on Friday approved measures that will reduce its members' borrowing costs by about $1.2 billion annually, the fund's Managing Director Kristalina Georgieva said, reports Reuters."The approved measures will lower IMF borrowing costs for members by 36%, or about $1.2 billion annually," Georgieva said in a statement....

Asian spot LNG prices slip on muted demand

LONDON, Oct 13 (Reuters): Asian spot liquefied natural gas (LNG) prices fell last week amid limited demand for November deliveries and as supply concerns related to Hurricane Francine's impact on US LNG facilities eased.The average LNG price for October delivery into north-east Asia was at $13.20 per million British thermal...

Greece's new climate plan sets more ambitious renewable energy goals

ATHENS, Oct 13 (Reuters): Greece has set more ambitious targets for expanding solar and wind power to cut greenhouse emissions by 2030 under a revised energy and climate plan presented on Friday.Athens will aim for an 82 per cent share of renewables in electricity generation by 2030 versus a 66...