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

Japan to continue aid for BD’s dev

Japanese Ambassador to Bangladesh Iwama Kiminori on Thursday reiterated the position of Japan and said Bangladesh will keep advancing on a path towards stable development through a peaceful and democratic political transition, reports UNB.He said Japan will continue its support for Bangladesh's development and prosperity, standing side by side with...

‘Let Bangladesh flourish with vibrant colours’

A few days ago, these walls were forgotten ruins, but now they're alive with vibrant graffiti, which draws attention. A bunch of passionate, talented youths have embraced colour, turning the capital city into a canvas.Across the country, from Dhaka to Chattogram and Khulna to Rajshahi, and beyond, young artists are...

Jamuna Oil gets new MD

Mustafa Qudrat-E-Elahi has been appointed managing director of the state-owned Jamuna Oil Company Limited (JOCL).The Bangladesh Petroleum Corporation (BPC) has made the new appointment after removing JOCL Managing Director Md Gias Uddin Ansary.Mr Ansary had been serving the entity since September 2018.The decision about the new appointment came from a...

KSA inflation rate rises to 1.5pc on higher housing costs

RIYADH, Aug 15 (Arab News): The Kingdom Saudi Arabia's (KSA) annual inflation rate climbed to 1.5 per cent in July compared to the same period last year, driven largely by a surge in housing costs, official data showed. According to data from the General Authority for Statistics, the 9.3 per...

US annual consumer price increase slows to below 3pc as inflation ebbs

WASHINGTON, Aug 15 (Reuters): US consumer prices rose moderately in July and the annual increase in inflation slowed to below 3 per cent for the first time in nearly 3-1/2 years, opening the door wider for the Federal Reserve to cut interest rates next month.The report from the Labor Department...

Japan's economy rebounds strongly on consumption boost

TOKYO, Aug 15 (Reuters): Japan's economy expanded by a much faster-than-expected annualised 3.1 per cent in the second quarter, rebounding from a slump at the start of the year thanks to a strong rise in consumption and backing the case for another near-term interest rate hike.The Bank of Japan had...

China's home-price slump deepens to new 9-year low despite stimulus

BEIJING, Aug 15 (Reuters): China's new home prices fell at their fastest pace in nine years in July, as a slew of support policies failed to stabilise prices and restore confidence in the struggling property sector.The prolonged housing market slump has weighed heavily on the world's second-largest economy and its...

India, Russia central banks renew talks for mechanism to expand local currency trade

NEW DELHI, Aug 15 (Reuters): The Indian and Russian central banks have renewed discussions to set a mechanism to expand local currency trade, in a move to iron out payment issues after a surge in bilateral trade since the war on Ukraine in 2022, a government source said.The discussions between...

Chevron to pay $550m settlement to Richmond, California

WASHINGTON, Aug 15 (Reuters): Chevron Corp is to pay Richmond City Council $550 million over 10 years, the city said in a statement, in a settlement that saw it drop a proposed ballot on a new tax on the oil major's Richmond refinery.Chevron did not immediately respond to a Reuters'...

Deere beats profit expectations on strong pricing

NEW YORK, Aug 15 (Reuters): Deere & Co beat analysts' expectations for third-quarter profit on Thursday, as stronger pricing and cost control measures protected its margins from sluggish demand for its farm equipment, sending shares of the company up 4 per cent before the bell.US machinery makers have succeeded in...

Chipotle investors see continued growth

LONDON, Aug 15 (Reuters): Chipotle Mexican Grill's future may not be as bumpy as some shareholders fear upon the departure of CEO Brian Niccol, investors said on Wednesday.The burrito chain lost almost $6 billion in stock market value on Tuesday after it announced that Niccol will depart at the end...