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

BDT skipped again as headline currency

The government has once again deferred the use of taka as the headline currency in fixing airfares in Bangladesh until July 2025 from this January deadline, according to officials.In this case, the Ministry of Civil Aviation and Tourism has cited it as "time extension" to "complete the procedure to make...

ECB cuts rates again, Lagarde says eurozone 'losing momentum'

FRANKFURT, Germany, Dec 13 (AFP): The European Central Bank cut interest rates again Thursday and hinted at more to come, with President Christine Lagarde saying the beleaguered eurozone economy was "losing momentum" as EU and US politics fuelled uncertainty.The central bank for the 20 countries that use the euro reduced...

Fire-damaged Banglar Jyoti, Banglar Shourabh to be sold as scrap

CHATTOGRAM, Dec 13: The Bangladesh Shipping Corporation (BSC) has decided to scrap the MT Banglar Shourabh and MT Banglar Jyoti following a fire accident. This marks the end of an era for the two old ships of BSC, with the process of breaking them down likely to begin in January...

UK economy unexpectedly shrinks again in October

LONDON, Dec 13 (AFP): Britain's economy shrank for the second consecutive month in October, official data showed Friday, dealing a blow to the Labour government that has made economic growth a priority.Gross domestic product fell 0.1 per cent in October compared with September, when output declined by the same amount,...

Sri Lanka says Adani port project to continue despite US charges

COLOMBO, Dec 13 (AFP): Indian conglomerate Adani Group's port project in Sri Lanka will go ahead despite US charges against its founder and sudden changes to its financing, the island nation said Friday.A bombshell indictment in New York last month accused billionaire tycoon Gautam Adani and several colleagues of deliberately...

Japan Nov inflation likely accelerated, exports up on weak yen: Reuters Poll

TOKYO, Dec 13 (Reuters): Japan's core consumer price inflation probably accelerated in November, driven by persistently high rice prices and the phasing out of utility subsidies, a Reuters poll showed on Friday.The core consumer price index (CPI), which includes oil products but excludes fresh food prices, was expected to have...

Rio Tinto to invest $2.5 billion in Argentina lithium production

BUENOS AIRES, Dec 13 (AFP): Anglo-Australian mining giant Rio Tinto on Thursday announced an investment of $2.5 billion to ramp up its Argentine production of lithium carbonate, a key ingredient in electric car batteries."Rio Tinto has approved $2.5 billion to expand the Rincon project in Argentina, the company's first commercial...