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

Apple's iPhone X hits Asia

SYDNEY/BEIJING, Nov 3 (Reuters): Long, snaking lines formed outside Apple Inc stores in Asia early on Friday as fans flocked to buy the new iPhone X, a turnout that contrasts with the more lackluster launches for the past two iterations of the premium smartphone. Strong initial demand underscores Apple's upbeat...

Qatar's hiring of Bangladeshis softens as crisis lingers

The outflow of Bangladeshi workers to Qatar has fallen sharply in recent months in the aftermath of unrest exacerbated by sanction on it by Saudi Arabia and allies.Sector-insiders said although the situation was improving gradually in Qatar, the development work slowed down. Even running projects are also getting slower than...

Excelerate Energy gets income tax exemption

The National Board of Revenue (NBR) has exempted income tax from the country's first Floating LNG Storage and Regasification Unit (FSRU) for the next 15 years.The income tax wing of the NBR issued a Statutory Regulatory Order (SRO) dated October 30, exempting the tax at source.The US-based Excelerate Energy Bangladesh...

Move to make Shipping Corporation more profitable

The government has taken initiatives to make state-run Bangladesh Shipping Corporation (BSC) more profitable and revive its past glory by improving its service standards.Currently, the corporation has three vessels only--MT Banglar Joyti, MT Banglar Sourov and MV Banglar Shikha--in its fleet. Of three, two are crude oil literage tankers and...

Airbus urges European fighter to counter US dominance

BERLIN, Nov 3 (AFP): European countries should step up efforts to jointly develop the next generation fighter jets to avoid becoming too reliant on US technology, Airbus Defence and Space chief executive Dirk Hoke said Friday."To date, the countries of Europe have indulged in expensive customised national solutions or have...

Oil prices rise

NEW YORK, Nov 3 (Xinhua): Oil prices settled higher on Friday after wavering in a tight range, as investor continued to digest US crude stockpile data.US crude stocks decreased by 2.4 million barrels to 454.9 million barrels last week, the US Energy Information Administration (EIA) said in its weekly report...

Indonesia threatens to block EU milk powder if palm oil sales restricted

NUSA DUA, Indonesia, Nov 3 (Reuters): Indonesia, the world's biggest producer and exporter of palm oil, said it could block milk powder imports from the European Union if the bloc pushes forward with a resolution to restrict imports of the vegetable oil.Indonesia's exports of palm oil in 2016 were worth...

Gold firms amid steady dollar

Gold firmed on Friday but stuck to a narrow range below the previous session's highs as the dollar steadied amid caution ahead of US jobs data later in the day, reports Reuters.Spot gold edged up 0.1 per cent to $1,276.56 per ounce at 0545 GMT, and was on track for...

News Briefs- (04-11-2017)

Workshop on Waqf begins todayA two-day international workshop on 'Revival of Waqf for Socio Economic Development' jointly organised by Islamic Research and Training Institute of Islamic Development Bank, Islami Bank Bangladesh Limited and Centre for Zakat Management begins today (Saturday) at the Pan Pacific Sonargaon Hotel, Dhaka. President, Md Abdul...

Arastoo Khan speaking at a press conference

Arastoo Khan, Chairman of Islami Bank Bangladesh Limited, speaking at a press conference Thursday in Dhaka on an international workshop organised jointly by Islamic Research and Training Institute of Islamic Development Bank, Islami Bank Bangladesh Limited and Centre for Zakat Management. Niaz Rahim, Chairman of Centre for Zakat Management, was...