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

Essentials see price drops amid improved supply

Prices of many essentials declined this week amid normalisation of supply and the absence of extortion on highways and in market areas, according to traders.As the situation in the country improves, product prices might decrease further, they said.Prices for various vegetables showed a notable decline this week. Papaya was sold...

BGMEA alleges hostile takeover bid after reform demand amid turmoil

The tumult stemming from the government change after more than 15 years has reached the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), an organisation of garment-sector entrepreneurs involved in generating most of the country's export earnings.Claiming that the incumbent leadership had not performed its duties "properly" amid the current situation,...

European insurers enjoy big profits after premium hikes

LONDON, Aug 8 (Reuters): Several European insurers recorded bumper first-half profits on Thursday, as customers burnt by a pandemic, war and a pick-up in natural catastrophes in recent years continue to face higher premiums on policies.Higher interest rates have also given insurance investment portfolios a boost, industry sources say.Germany's Allianz...

Taiwan July exports misses forecasts on weak China demand, but US soars

TAIPEI, Aug 8 (Reuters): Taiwan's exports rose less than expected in July as weak demand from China offset record orders from the United States which underscored the island's essential role as a supply hub for the booming artificial intelligence (AI) industry.Exports rose 3.1 per cent from a year earlier to...

Lacklustre demand drags down India rice export rates

India's rice export prices fell this week due to sluggish demand and depreciation in the rupee to a record low, while Vietnam rates edged higher, reports Reuters.Top exporter India's 5 per cent broken parboiled variety was quoted at $539-$545 per ton, down from last week's $543-$551."Asian and African buyers are...

RBI holds rates again despite global market volatility

MUMBAI, Aug 08 (Reuters): The Reserve Bank of India (RBI) kept its key interest rate unchanged on Thursday, as widely expected, retaining its focus on bringing inflation down even as global market volatility left other major central banks poised to ease policy.The Monetary Policy Committee (MPC), which consists of three...

China chipmaker SMIC beats Q2 estimates

BEIJING, Aug 08 (Reuters): Semiconductor Manufacturing Inter-national Corp reported a 59.1 per cent fall in second-quarter net profit on Thursday though the result from China's largest chip foundry beat expectations.SMIC reported $164.6 million in unaudited profit attributable to owners for the three months to June 30, topping the $103.8 million...

UAE banks extend $232b in credit to business and industrial sectors

RIYADH, Aug 08 (Arab News): UAE banks provided credit facilities worth 851.87 billion dirhams ($231.93 billion) to the business and industrial sectors by the end of May, reflecting a 3.18 percent year-on-year increase. In its latest monthly statistical bulletin, the Central Bank of the UAE revealed that national banks contributed...

Egypt’s inflation slows to 25.7pc

CAIRO, Aug 08 (Arab News): Egypt’s annual urban consumer price inflation slid to 25.7 percent in July from 27.5 percent in June, a rate of decline faster than analysts had forecast, the country’s statistics agency CAPMAS showed on Thursday. Month-on-month, prices fell by 0.4 percent in July, down from 1.6...