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

Call for global brands to consider goings-on in BD

Two global organisations that work to improve labour rights and conditions in the garment supply chain urged both buyers and suppliers to navigate this transitional period following a regime change.The Fair Wear Foundation (FWF) and the Ethical Trading Initiative (ETI) in separate statements on Tuesday and Monday respectively made the...

SONALI BANK HOLDS 'DOA' SESSION

Sonali Bank PLC organised a 'doa' session at its head office on Tuesday in memory of those killed during the recent nationwide protests led by students under the banner of 'Student movement against discrimination'. At the event, CEO and Managing Director Md Afzal Karim expressed sympathy to the members of...

Bata India's Q1 profit rises on one-time gain

BENGALURU, Aug 6 (Reuters): Footwear maker Bata India reported a nearly 63 per cent rise in first-quarter profit on Tuesday, after four quarters of profit slump, aided by a one-time gain from sale of property.The company, which sells brands such as Hush Puppies and North Star in India, said its...

Restore law and order in the interest of economy: DCCI

Dhaka Chamber of Commerce and Industry (DCCI) has called for immediate steps to restore law and order in the interest of the country's economy and stability. "On behalf of the business community, DCCI requests immediate steps to restore law and order in Dhaka city and around the country," it said...

Sharpie-maker moves operations from China as tariffs loom

NEW YORK, Aug 6 (Reuters): Sharpie pen maker Newell Brands is moving production of kitchen appliances out of China and has relocated manufacturing for its writing business to Tennessee as it faces "uncertainty" on tariffs ahead of the US presidential election, Newell CEO Chris Peterson said in an interview with...

Lucid gets up to $1.5b in funding ahead of electric SUV rollout

Lucid Group said on Monday its largest shareholder, Saudi Arabia's Public Investment Fund, will inject up to $1.5 billion in cash, as the electric vehicle maker looks to ramp up production of a new SUV, reports Reuters.The deal comes just ahead of Lucid's planned production of its much-awaited Gravity SUV...

Oil and gold exports help Canada swing to surprise trade surplus

OTTAWA, Aug 6 (Reuters): Canada recorded a surprise trade surplus of C$638 million ($461 million) in June, as oil and gold helped exports overtake imports for the first time in 4 months, Statistics Canada data showed on Tuesday.Analysts polled by Reuters had forecast a C$1.84 billion trade deficit. May's trade...