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

Bernicat urges BD to accelerate removing investment barriers

US Ambassador in Dhaka Marcia Bernicat on Monday urged Bangladesh to further accelerate the process of removing the investment barriers like infrastructure deficit, corruption and energy shortfall as the US companies were showing growing interest to invest in the country.She also recommended creating alternative funding sources like venture capital for...

Power Division signs deals with Microsoft, three ICT firms

Power division inked on Monday deals with Microsoft and three other ICT (information and communication technology) firms to implement enterprise resources planning (ERP).The ERP would help disseminate required information from own dashboards slashing dependency on others.State minister for power, energy and mineral resources Nasrul Hamid was present as the chief...

DBL Group becomes champion of BBDN Award

DBL Group has become champion of the inaugural Bangladesh Business & Disability Network (BBDN) Award 2018, according to a statement. The award ceremony was held at Krishibid Institution Bangladesh in the capital recently. M. A. Quader, DMD and Group CEO of DBL Group, received the award. As part of 2020...

Int'l food processing expo begins Thursday

A three-day international fair for promoting food processing sector will begin in the capital on Thursday, aiming to give an impetus to the country's economy.The event styled '6th BAPA FoodPro International Expo 2018' will be held at the International Convention City Bashundhara (ICCB) in the capital.The expo organiser, Bangladesh Agro-Processors...

Hunan province delegates, FBCCI leaders talk trade

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) held a discussion with the representatives of Hunan province of China at hotel in Dhaka city recently, says a statement.Governor of People's Government of Hunan province and leader of the Chinese delegation Xu Dazhe, and FBCCI President Md. Shafiul Islam...

News Briefs(23-10-2018)

BD earns $41b by exporting 744 items last FYBangladesh earned US$ 41 billion in foreign exchange by exporting 744 products to 202 countries in the 2017-18 fiscal year, Commerce Minister Tofail Ahmed told Parliament on Monday. Mentioning that it is not true that the country's exports remain confined to a...

Chairman of DBL Group Abdul Wahed receiving Honorable Mention award

Chairman of DBL Group Abdul Wahed receiving Honorable Mention award from Deputy Governor of Bangladesh Bank Ahmed Jalal in the category of 'Best Social Innovation' at the Bangladesh Innovation Award 2018 ceremony in the capital recently

31st meeting of the board of directors of SBL Capital Management

Chairman of the Board of Directors of SBL Capital Management Limited Kazi Akram Uddin Ahmed presiding over the 31st meeting of the board of directors of the company at its head office in the city on Monday. Directors of the company Mohammed Abdul Aziz, S A M Hossain, Kazi Sanaul...

Sony makes no concessions to EU regulators in EMI music bid

BRUSSELS, Oct 22 (Reuters): Sony Corp (6758.T) has not offered concessions to European Union antitrust regulators reviewing its $2.3 billion offer for control of EMI to become the world's largest music publisher, the European Commission website showed on Monday. EU antitrust regulators earlier this month asked rivals and users whether...

Bullish City of London stays confident as Brexit nears

LONDON, Oct 22 (AFP): London's powerhouse financial district fretted over a brain drain when the country voted for Brexit, but its leading players are now convinced of one thing: the City will win.Christopher Hayward is one of the nearly 500,000 Londoners who work in the City, Europe's largest financial centre...

Deadline looms for Italy to ease EU budget concerns

MILAN, Oct 22 (AFP): A deadline loomed Monday for Italy to respond to EU criticism over its populist budget, which has drawn a costly downgrade from one credit agency amid fears for the wider eurozone.The government, which has until midday (1000 GMT) to reply to Brussels' concerns about the cost...

China able to cope with economic challenges, say experts

BEIJING, Oct 22 (Xinhua): Despite challenges at home and abroad, China is able to maintain a stable economic performance with the help of pro-growth policies, experts said.Latest data shows that China's GDP expanded 6.7 per cent year on year in the first three quarters of 2018, with the growth rate...

BOJ warns Japan banks as risk-taking hits near 30-yr high

TOKYO, Oct 22 (Reuters): Risk-taking in Japan's financial sector hit a near three-decade high in the April-September, a central bank gauge showed, in a sign years of ultra-easy monetary policy may be overheating some parts of the industry.The Bank of Japan, in a semi-annual report on the financial system, said...

US lottery jackpot soars to $2.2b combined

NEW YORK, Oct 22 (Reuters): Who wants to be a billionaire?For $2.0 a ticket, you have chance to be among the richest people in the world if you beat the longshot odds of 1 in 303 million to win the Mega Millions lottery jackpot of $1.6 billion on Tuesday night.The...

Uber to appeal Singapore watchdog's decision

SINGAPORE, Oct 22 (Reuters): Uber Technologies Inc has decided to appeal a decision by the Singapore competition regulator that its merger with regional rival Grab violated the city-state's competition laws, the firm said on Monday.Last month, Singapore slapped ride-hailing firms Grab and Uber with fines and imposed restrictions on their...