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

Smartphone market shrinks 3pc in April-June

Amid soaring inflation, Bangladesh's smartphone market shipments dropped 3.0 per cent year-on-year in in the second quarter of 2022, according to Counterpoint Research's Market Monitor Service, reports UNB."Bangladesh's smartphone market experienced a good start with Eid celebrations during April. The month contributed almost half of the quarter's total shipment volumes,"...

RAKUB signed agreement with Bangladesh Bank

Rajshahi Krishi Unnayan Bank (RAKUB) signed an agreement with Bangladesh Bank under the 'Refinance Scheme against Term Loan to CMSME Sector' on Wednesday. Director of Bangladesh Bank Md Jaker Hossain and Managing Director of RAKUB Md Abdul Mannan signed the agreement in presence of Bangladesh Bank Governor Abdur Rouf Talukder.

Stock of urea sufficient, says minister

Industries Minister Nurul Majid Mahmud Humayun on Friday said Bangladesh meets the demand for urea with local production besides importing it from other countries, reports UNB."Now Bangladesh has enough stock of urea fertilizer," he said, replying to a question from journalists at Tungipara in Gopalganj.Earlier, a team led by the...

Pandemic delays fight against poverty in Asia by 2 years: ADB

The COVID-19 pandemic has set back the fight against poverty in Asia and the Pacific by at least two years, and many in the region will likely find it harder than before to escape poverty, according to a report of Asian Development Bank (ADB), reports BSS.The region's economic growth this...

US consumer spending edges up

WASHINGTON, Aug 26 (Reuters): US consumer spending barely rose in July as a drop in gasoline prices weighed on receipts at service stations, but monthly inflation slowed down considerably, which could give the Federal Reserve room to scale back its aggressive interest rate hikes.Though the report from the Commerce Department...

Moderna sues Pfizer, BioNTech for patent infringement over COVID vaccine

Moderna is suing Pfizer and its German partner BioNTech for patent infringement in the development of the first COVID-19 vaccine approved in the United States, alleging they copied technology that Moderna developed years before the pandemic, reports Reuters.Pfizer shares fell 1.4% before the bell while BioNTech was down about 2%.The...

Lamborghini has already sold all its cars until 2024

FRANKFURT, Aug 26 (AFP): Italian sports car maker Lamborghini has already pre-sold the entire production run to early 2024, its boss told AFP on Tuesday, with luxury goods seemingly unaffected by global economic uncertainty.The Volkswagen subsidiary is enjoying "high demand" and has an order book covering the next 18 months,...

Consumer confidence in Germany at record low

BERLIN, Aug 26 (AFP): German consumer confidence is at rock-bottom as Europe's biggest economy faces the prospect of huge energy bills heading into the winter, a key survey showed on Friday.Pollster GfK's forward-looking barometer fell to minus 36.5 points for September, the lowest level since its records began in 1991,...