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

Poor progress in French projects

A portfolio meeting on the projects funded by French development partner has found unsatisfactory progress in road and water sector work.The tenure of some projects of the Agence Francaise de Development (AFD) ended without completion.The meeting reviewed the projects under Road Transport and Bridges Ministry and Dhaka Water Supply and...

Govt considers uniform duty

The government is considering imposing a uniform duty both for salt millers and importers to remove the discriminatory treatment in the sector.To this effect, industries ministry at a meeting discussed the issue recently.When asked, a senior ministry official said, "We've discussed the annual demand of edible salt (sodium chlorine) and...

Bank of Spain sees no risk of recession in Europe, Spain

MILAN, Mar 17 (Reuters): The governor of the Bank of Spain Pablo Hernandez de Cos said there is currently no risk of recession in Europe or Spain, though he warned that political instability could hold back necessary reform in Spain."According to the economic models, which are not perfect, at the...

Fed to hold fire on interest rates

WASHINGTON, Mar 17 (AFP): There is virtually no chance the US Federal Reserve will raise interest rates in the coming week, since policymakers have all but promised to hold their fire as the global economy slows.With inflation still tame as US economic growth decelerates in 2019, economists also say Fed...

Apple Watch detects irregular heart beat in large US study

NEW YORK, Mar 17 (Reuters): The Apple Watch was able to detect irregular heart pulse rates that could signal the need for further monitoring for a serious heart rhythm problem, according to data from a large study funded by Apple Inc, demonstrating a potential future role for wearable consumer technology...

Brazil airport auction tests investor confidence in Bolsonaro

RIO DE JANEIRO, Mar 17 (AFP): Spain's Aena snapped up six airports in Brazil recently, in an auction seen as the first major test of foreign investor confidence in President Jair Bolsonaro's market-friendly agenda.The initial sale of concessions to 12 airports generated 2.3 billion reais ($620 million) - more than...

Deutsche Bank, Commerzbank to announce merger talks

FRANKFURT, Mar 17 (Reuters): Deutsche Bank was set on Sunday to confirm merger talks with fellow German lender Commerzbank, according to a person with knowledge of the matter, an indication that efforts to combine the two businesses were gaining pace.Formal disclosure of talks increases the chances of concluding a tie-up...

Investors from China, Canada, US discuss new economy

TORONTO, Mar 17 (Xinhua): More than 500 participants, including investors, entrepreneurs and scholars, gathered in Toronto on Saturday for a two-day summit on innovation and the new economy.The China-US-Canada New Economic Innovation Meeting is aimed at bringing together the players for discussions on the latest international industrial and innovation trends.During...

UBS tax case dredges up Swiss bank nightmares

ZURICH, Mar 17 (Reuters): A Swiss court will decide within weeks whether UBS must hand over historical client data to French tax authorities, a ruling that could open the door to fresh financial claims against Switzerland's banks.Although Switzerland exchanges bank account data on current clients with dozens of countries to...

Yellow vest rampage hits 80 businesses: Traders

PARIS, Mar 17 (AFP): Some 80 shops and businesses on the Champs-Elysees avenue in Paris were vandalised this weekend when 'yellow vest' protesters went on the rampage, with about 20 looted or torched, retailers said on Sunday.Saturday's demonstrations were characterised by a sharp increase in violence after weeks of dwindling...

Honda for purposeful Brexit extension

LONDON, Mar 17 (Reuters): Japanese carmaker Honda said any delay to Brexit must be long enough to give businesses stability whilst BMW is still preparing for a "worst-case scenario" no-deal Brexit after lawmakers backed postponing Britain's exit from the EU.The country's car sector, which employs more than 850,000 people, has...

Ray-Ban revenue up 3.2pc, net profit down 1.7pc

PARIS, Mar 17 (Reuters): The revenues of EssilorLuxottica increased by 3.2 per cent last year to €16.16 billion while net profit of the makers of Varilux lenses and Ray-Ban glasses stood at €1.9 billion, down 1.7 per cent on what the company said an "adjusted basis."Shares in EssilorLuxottica fell earlier...

Alfa Bank bets on mortgages to grow

MOSCOW, Mar 17 (Reuters): Alfa Bank aims to boost mortgage lending due to tough competition with state banks to win new corporate business in a slow growing economy, the chief financial officer said.Alfa Bank, Russia's top private lender, is co-owned by Russian billionaires, including Mikhail Fridman and German Khan, former...

Euro jumps, dollar heads for biggest weekly drop

NEW YORK, Mar 17 (Reuters): The dollar fell broadly and was on track for its biggest weekly drop in more than three months, dragged lower by weak US economic data, while the euro climbed higher.US manufacturing output fell for a second straight month in February and factory activity in New...

IBBL placing wreath at portrait of Bangabandhu Sheikh Mujibur

Risk Management Committee Chairman of Islami Bank Bangladesh Limited Major General (Retd.) Engineer Abdul Matin, Managing Director (Current Charge) Mohammed Monirul Moula, senior executives and officials of the bank placing wreath at the portrait of Bangabandhu Sheikh Mujibur Rahman at Roard No. 32 of Dhanmondi in the capital to pay...