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

Sugar dearer despite dropoff in int'l prices

Sugar has become pricier in the country, though prices of the essential commodity fell on the international market.Prices of the item went up by Tk 2.0-Tk 4.0 a kilogramme both at wholesale and retail markets of the country in the last two weeks.Sugar was retailing at Tk 58-Tk 60 per...

Chunnu berates BGMEA, BKMEA for failing to finish workers' database

State minister for labour Md Mujibul Haque Chunnu Tuesday urged foreign diplomats to take necessary measures so that buyers of their respective countries offer "fair" price of locally made apparel products for a sustainable garment industry." … I request the foreign diplomats and donor countries to convey our message to...

Move to integrate NRBs into nat'l dev process

The government has initiated a process to integrate non-resident Bangladeshis (NRBs) into the national development process effectively, officials said.To this end, an 11-member high-powered taskforce has been formed to draw up a strategy and recommend necessary action plan.Additional Secretary (United Nations) of the Economic Relations Division (ERD) has been made...

Kuwait's ban applies only to house helps: Shahriar

Kuwait's ban on recruiting Bangladeshis is applicable only for domestic aides, says State Minister for Foreign Affairs Shahriar Alam, reports bdnews24.com.Speaking to the news agency by phone on Tuesday from the Middle Eastern country, Shahriar Alam said: "There's no impact on overall work visas."He added that the ban is applicable...

China still key engine for world's economic recovery

BEIJING, Mar 6: China, whose gross domestic product (GDP) expanded 6.9 per cent from a year ago to 82.7 trillion yuan (US $12.8 trillion) in 2017, remains an important growth engine for the world's economic recovery, data released last week by the National Bureau of Statistics (NBS) indicated. The data...

News Briefs(07-03-2018)

ICCB team leaves for Tokyo to attend regional meeting ICC Bangladesh President Mahbubur Rahman, Vice President Latifur Rahman and Secretary-General Ataur Rahman left Dhaka on Tuesday for Tokyo to attend the 10th ICC Asia Pacific Regional Consultative Group Meeting and the 4th ICC Asia Pacific CEO Forum to be held...

Britain's Just Eat to up spending in 2018, hitting core earnings

LONDON, Mar 6 (Reuters): British takeaway delivery company Just Eat said it would invest an additional 50 million pounds ($69 million) in 2018 to stay ahead of well-funded rivals, meaning core earnings could come in below forecasts by as much as 60 million pounds.The group, which has grown rapidly in...

BOJ Kuroda dispels chance of early exit from easy policy

TOKYO, Mar 6 (Reuters): Bank of Japan Governor Haruhiko Kuroda said the central bank won't end its ultra-loose monetary policy until its inflation target is met, seeking to dispel lingering market speculation it could dial back stimulus earlier than expected.But Kuroda said the BOJ has the necessary tools to engineer...

Norway's $1.0tr wealth fund earns less money due ethical profile

OSLO, Mar 6 (Reuters): Norway's US $1-trillion sovereign wealth fund, the world's largest, has earned less money because of divestments it has made over the past twelve years due to ethical and environmental considerations, it said on Tuesday.The fund funnels the proceeds of Norway's oil and gas production. It invests...

Trump faces pushback on tariffs but says he will not back down

WASHINGTON, Mar 06 (Reuters): US President Donald Trump faced growing pressure on Monday from political and diplomatic allies as well as US companies urging him to pull back from proposed steel and aluminum tariffs, although he said he would stick to his guns.Inside the White House, there still appeared to...

Trade war worries keep US, Canadian dollars weak

LONDON, Mar 6 (Reuters): The dollar edged down on Tuesday, while the Canadian dollar traded close to an eight-month low on persistent worries about a trade war stemming from US President Donald Trump's proposed tariffs on imported steel and aluminium.Against the yen - traditionally seen as a safe haven -...

China's first intelligent "super expressway" to be built in Zhejiang

BEIJING, Mar 06: Zhejiang, China's eastern province will build the country's first intelligent "super expressway", the Department of Transportation of Zhejiang Province recently said.The 161-kilometer expressway, which is currently under construction, starts from Hangzhou and goes all the way to Ningbo via Shaoxing. It was learnt that the two-way, six-lane...

Blockade impact on Qatar fading but some risks remain: IMF

DUBAI, Mar 6 (AFP): The economic and financial impact on Qatar of a nine-month Saudi-led blockade is fading, but some risks for the Gulf emirate remain, the International Monetary Fund (IMF) has said.Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut all diplomatic and trade ties with Qatar last...

ECB to underline bright outlook for eurozone

FRANKFURT AM MAIN, Mar 6 (AFP): The European Central Bank (ECB) could signal greater optimism for the eurozone at a meeting Thursday, but will remain tight-lipped about plans for winding down its massive support to the economy, analysts predict.With a transatlantic trade war looming and a populist surge in Italy's...

Weak wage growth keeps Australia rates on hold

SYDNEY, Mar 6 (AFP): Australia's central bank kept interest rates at a record low Tuesday in a widely expected decision with wages growth still weak and inflation below target.The Reserve Bank of Australia has not adjusted rates since August 2016, following a series of cuts from November 2011 that took...