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

Dhaka gets Chinese approval for mango export

Dhaka has secured certification from Beijing to export fresh mangoes to China, which spent $172 billion on fruit imports in the first six months of 2021."With this decision, a huge Chinese consumer market will be opened up to Bangladeshi high-quality mangoes and help Bangladesh achieve its export diversification goals," a...

Khulna exports Tk 21.46b fish and fisheries products in FY'24

KHULNA, July 29 (BSS): Around 41,000 tonnes of fish and fisheries goods worth about Tk 21.46 billion were exported from Khulna during the 2023-24 fiscal year.Of the fish and fisheries products exported, around 16,000 tonnes were shrimp valued at around Tk 17.44 billion, while 25,000 tonnes consisted of white fish...

Develop own system for seamless bill payments

State Minister for Power, Energy, and Mineral Resources Nasrul Hamid has called on power sector entities to develop their own communication systems to ensure uninterrupted bill payments and other operations during emergencies, reports UNB.Addressing a progress meeting of the Revised Annual Development Programme (RADP) at the Power Division on Monday,...

2000 goods-laden trucks stuck at India’s Petrapole land port

Benapole, July 29 (UNB): Some 2,000 goods-laden trucks have been stuck at the Petrapole land port in India's West Bengal for the past eight days due to suspension of export-import activities between the two countries after 6:30 pm.A terrible tailback of trucks has formed in Petrapole and Bongaon Kalitala Parking,...

People wait in a queue to buy subsidised commodities

People wait in a queue to buy subsidised commodities – only rice and atta – from an OMS point in the city's Abdul Gani Road area on Monday. — FE Photo

Global economy's growing resilience at odds with rate cut expectations

BENGALURU, July 29 (Reuters): Optimism about global growth prospects this year and next is building among hundreds of economists polled by Reuters, with risks still tilted toward higher inflation even as they cling on to their forecasts for interest rate cuts.While most major central banks were successful last year in...

McDonald's sales fall globally for first time in more than three years

McDonald's reported a surprise drop in sales worldwide, its first decline in 13 quarters, as the higher cost of Big Macs kept cash-conscious customers away from the burger giant's outlets, reports Reuters.Persistent inflation has forced lower-income consumers to shift to more affordable food options at home. That has prompted fast...

Microsoft's costs in focus as fears rise over slow payoff from AI

WASHINGTON, July 29 (Reuters): Microsoft investors will have one big question when the tech giant reports earnings on Tuesday: has growth in its Azure cloud-computing business picked up enough to justify the billions of dollars being spent on artificial intelligence infrastructure?Widely seen as the front-runner in the race to make...

Rupee hits record low on month-end dollar demand

MUMBAI, July 29 (Reuters): The Indian rupee fell to a record low on Monday, pressured by month-end corporate dollar demand, although likely intervention from the Reserve Bank of India helped avert further losses.The rupee closed at 83.7275 against the US dollar, unchanged from its close on Friday, after hitting an...

German antitrust body gives green light to VW-Rivian joint venture

BERLIN, July 29 (Reuters): Germany's Volkswagen and US electric car maker Rivian Automotive may form a joint venture, the German competition authority said on Monday. There are "no serious competition problems to be feared", Andreas Mundt, head of the Bundeskartellamt, said in a statement.