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

Rice shipment from India arrives at Ctg Port

CHATTOGRAM, Dec 26: The bulk carrier ship 'MV Tanais Dream' arrived at Chittagong Port on Thursday, marking the arrival of the first shipment of imported rice from India under the open tender agreement during the interim government. The vessel, which docked at Jetty No. 11 at around 10:00am, brought 24,690...

NRB World Summit 2024

Chief Adviser's Special Envoy for International Affairs Lutfey Siddiqi along with NRB World leaders and other guests inaugurates the NRB World Summit 2024 at a hotel in the capital on Thursday. The event, a gathering of non-resident Bangladeshis (NRB), was held in Dhaka for the first time.

Islami Bank opens Bango Bazar sub-branch

Islami Bank Bangladesh PLC has opened Bango Bazar sub-branch under Ramna Corporate Branch in Dhaka recently. Muhammad Sayeed Ullah, deputy managing director of the bank, inaugurated the sub-branch as the chief guest. Mohammad Mohi Uddin, executive vice president & head of Ramna Corporate Branch, presided over the programme while Md....

Rupee plunge pulls Indian rice export rates to 17-month low

Indian rice export prices extended declines to a 17-month low this week on depreciation in rupee to a record low, and demand remained muted in key hubs during the holiday period, reports Reuters.Top exporter India's 5 per cent broken parboiled variety was quoted at $439-$445 per tonne this week, down...

Musk's AI startup raises further $6 billion

PARIS, Dec 26 (AFP): Billionaire tech mogul Elon Musk's startup xAI said it had raised $6 billion from investors in its latest funding round, as it battles stiff competition in the artificial intelligence market.The firm, whose flagship product is the Grok chatbot, garnered support from US venture capitalists, chipmakers NVIDIA...

Dollar edges up on bets of US growth, inflation

NEW YORK, Dec 26 (Reuters): The US dollar edged higher on Thursday on expectations the currency would be boosted next year by policies by the incoming Donald Trump administration that are expected to boost growth and lift inflation.Trading volumes were light on Thursday with many traders on holiday after Wednesday's...

China revises up 2023 GDP

BEIJING, Dec 26 (Reuters): China revised upwards on Thursday the size of its economy by 2.7 per cent, but said the change would have little impact on growth this year, as policymakers pledged more stimulus to spur expansion in 2025.Policy support late this year has set the world's second-largest economy...

US data-centre power use could triple by 2028

NEW YORK, Dec 26 (Reuters): US data centre power demand could nearly triple in the next three years, and consume as much as 12 per cent of the country's electricity, as the industry undergoes an artificial-intelligence transformation, according to a Department of Energy-backed report.The Lawrence Berkeley National Laboratory report comes...