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

BAJUS rolls out new jewellery guidelines

The Bangladesh Jewellers' Association (BAJUS) has imposed a complete prohibition on the manufacture and sale of traditional gold and silver ornaments. The association said only 18, 21, 22, and 24 carat ornaments crafted using the cadmium method will be permitted for production and sale. BAJUS has also stipulated that traditional...

South Asia is least integrated region in the world: ICCB

South Asia is one of the least integrated regions in the world in terms of trade and people-to-people contact, observed the International Chamber of Commerce Bangladesh (ICCB). According to World Bank, regional cooperation has the potential to produce significant gains across all countries of South Asia. Intra-regional trade now stands...

ILFSL holds 27th AGM

The 27th annual general meeting (AGM) of the International Leasing and Financial Services Limited (ILFSL) was held virtually at its head office in Dhaka on Monday, says a press release.Md Nazrul Islam Khan, chairman of the Board of Directors of the company, presided over the meeting.Among others, Independent Directors Syed...

Turkey raises interest rate to 17.5pc

Turkey's central bank on Thursday hiked its key interest rate by 250 basis points to 17.5 per cent, as the country's monetary policymakers embark on a long and painful mission to tackle double-digit inflation, reports CNBC."Monetary tightening will be further strengthened as much as needed in a timely and gradual...

TRUST BANK HOLDS 24TH AGM

The 24th Annual General Meeting (AGM) of Trust Bank Limited was held virtually on Thursday. Maj Gen Md Nazrul Islam, Vice Chairman of the bank, presided over the meeting. Humaira Azam, MD & CEO of the bank, was also present. The meeting approved 20 per cent dividend (10 per cent...

Top global LNG players push for more, but greener, gas investments

TOKYO, July 20 (Reuters): Current investments in gas infrastructure are falling short of what is needed, officials at an industry conference in Japan said on Wednesday, citing the role they say the fuel has to play in both global energy security and the transition to net zero.Big producers have in...

US home sales slowest on tight inventory

WASHINGTON, July 20 (AFP): US sales of existing homes have fallen to the slowest rate since January, said industry data released Thursday, with the median sales price hitting the second-highest on record while inventory remains tight.The housing market has taken a hit from elevated mortgage rates and limited supply, causing...

Volvo Cars forecasts solid sales

STOCKHOLM, July 20 (AFP): Volvo Cars posted a drop in profits in the second quarter on Thursday, but the Swedish automaker forecast double-digit sales for the year despite high inflation and rising interest rates.Volvo Cars, which is majority owned by Chinese automaker Geely, reported a net profit of 3.5 billion...

China lending rates unchanged

China left its lending benchmarks unchanged on Thursday, after the central bank stood pat on a key policy rate earlier this week even as signs of a faltering economic recovery called for more stimulus, reports Reuters.China's economy grew at a frail pace in the second quarter, raising investor hopes for...