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

Govt aware of steps needed to control commodity prices

Finance and Commerce Adviser Dr Salehuddin Ahmed said commodity prices are closely linked to production and supply and the government is aware of the steps needed to control them."We will take necessary measures so that common people do not feel the pressure," he said. The adviser was speaking to reporters...

CITIZENS BANK SIGNS AGREEMENT WITH ONEWORLD INFOTECH

Citizens Bank PLC signed an agreement with OneWorld InfoTech for the implementation of Security Operation Centre (SOC) at the bank's Head Office recently. Mohammad Masoom, Managing Director & CEO of Citizens Bank, and Maruf Ahmed, Global Director and CEO of OneWorld InfoTech, exchanged the agreement documents. Among others, Mohammad Saiful...

Abdul Karim elected Chairman of MIDAS Financing

Abdul Karim has been elected the Chairman of the Board of Directors of MIDAS Financing PLC for a period of two years at its 368th Board Meeting held recently, says a press release.Mr. Karim had joined the Board of MIDAS Financing on February 28, 2017. Mr. Karim obtained his B.A....

Ctg businessmen demand resignation of CCCI Board

CHATTOGRAM, Aug 18: A group of businessmen staged a demonstration in front of the World Trade Center (WTC) in the port city on Sunday demanding resignation of the board of directors of the Chittagong Chamber of Commerce and Industries (CCCI).Under the banner of 'All Businessmen of Chattogram', several hundred businessmen...

UBS to liquidate $2b real estate fund as office downturn bites

ZURICH, Aug 18 (Reuters): UBS is to liquidate a $2 billion real estate fund it acquired when it bought Credit Suisse, the Swiss bank said on Thursday, in the latest sign of investors selling out of troubled commercial property markets.The fund, which holds four-fifths of its assets in offices, had...

China’s biodiesel producers seek new outlets as hefty EU tariffs bite

SINGAPORE, Aug 18 (Reuters): Chinese biodiesel producers are seeking new outlets in Asia for their exports and exploring producing other biofuels as supply to the European Union, their biggest buyer, dries up ahead of anti-dumping tariffs, biofuel executives and analysts said.The EU will impose provisional anti-dumping duties of between 12.8...

India’s wholesale prices rise 2.04 per cent

NEW DELHI, Aug 18 (Reuters): India's wholesale price inflation slowed in July mainly due to a fall in vegetable prices, government data released on Wednesday showed.The wholesale price index rose 2.04 per cent in July from a year earlier, compared with a 3.36 per cent rise in June. Economists polled...

Oman’s trade with Americas grows to $1.9b

RIYADH, Aug 18 (Arab News): Oman's trade with the Americas grew 6.6 per cent year on year in May, reaching 742.9 million Omani rials ($1.9 billion), official data showed. According to preliminary figures from the National Centre for Statistics and Information, exports from Oman to North and South America reached...

X suspends business in Brazil over censorship row

X, formerly known as Twitter, has closed its office in Brazil over a censorship row, reports BBC.The social media platform said a Brazilian Supreme Court judge, Alexandre de Moraes, threatened its legal representative in Brazil with arrest if it did not comply with his "censorship orders".Brazil's Supreme Court has not...