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

SPM operation held back until next year

CHATTOGRAM, July 20: Although the construction work of Single Point Mooring (SPM) with double pipeline ended in March 2024, its operation will not begin until next year due to procrastination in the appointment of operations and maintenance (O&M) contractor.The SPM has remained idle for nearly a year despite successful commissioning...

Cybersecurity leader Sophos launches IASM to combat ransomware threats

In response to the growing threat of ransomware attacks exploiting unknown vulnerabilities, cybersecurity leader Sophos has introduced a major enhancement to its threat detection arsenal by adding Internal Attack Surface Management (IASM) to its Sophos Managed Risk service.The move comes as 40 per cent of ransomware victims fell prey to...

EBL named 'Best Bank in Bangladesh'

Eastern Bank PLC (EBL) has been recognised as the 'Best Bank in Bangladesh' at the Euromoney Awards for Excellence 2025, marking the bank's sixth win of this prestigious international honour, says a statement. Ali Reza Iftekhar, Managing Director of EBL, said, "This recognition from Euromoney reflects our relentless focus on...

HSBC honoured with Euromoney Awards for Excellence

The Hongkong and Shanghai Banking Corporation Limited (HSBC) has been recognised with two prestigious accolades in the Euromoney Awards for Excellence 2025. HSBC was named the 'Best Bank for Sustainable Finance' and the 'Best Bank for Large Corporates in Bangladesh', says a press statement.Euromoney has also named HSBC as the...

Mercantile Bank holds 26th AGM

The 26th Annual General Meeting (AGM) of Mercantile Bank PLC was held virtually from its Head Office on Sunday. The Balance Sheet as on December 31, 2024 has been approved by the shareholders. The meeting was presided over by Md. Anwarul Haq, Chairman of the Board of Directors of Mercantile...

Bangladesh signed a MoU with the United States

Bangladesh has signed a Memorandum of Understanding (MoU) with the United States to import wheat aiming to ensure its overall food security, nutrition and food supply. Md Abul Hasanat Humayun Kabir, Director General of the Food Department, and Joseph K Sower, Vice President of the US Wheat Association, signed the...

China's exports of rare earth magnets to US skyrocket

BEIJING, July 20 (Reuters): China's exports of rare earth magnets to the United States in June soared by more than seven times from May, a sharp recovery in the flow of critical minerals key to electric vehicles and wind turbines after a Sino-U.S. trade deal.Outbound shipments to the United States...

Asian spot LNG prices decline on muted demand, high inventories

LONDON, July 20 (Reuters): Asian spot liquefied natural gas (LNG) prices declined this week due to weaker demand and strong inventories and as buyers in south Asia found current prices too high.The average LNG price for September delivery into north-east Asia was at $12.30 per million British thermal units (mmBtu),...