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

Consumer body demands withdrawal of charges

A consumer association has urged the authorities concerned for strengthening interoperability facility among mobile financial service (MFS) providers and demanded withdrawal of service charges.The 'Bangladesh Mobile Phone Consumer Association' made the demand in a media statement on Wednesday on the eve of the new service being launched.Mohiuddin Ahmed, president of...

Syed Waseque Md Ali along with other officials inaugurating sub-branch

Syed Waseque Md Ali, Managing Director of First Security Islami Bank, along with other officials inaugurating a sub-branch of the bank at Hanif Tower, Horishchar Bazar, Lalmai, Cumilla, through a videoconference on Wednesday

Push for GI certification of indigenous products

Speakers at a programme on Wednesday laid emphasis on the need for getting geographical indication or GI certification for indigenous products like handloom.They also called for boosting country branding through promoting local indigenous products at various international events.The opinion was made during the inauguration of a month-long 'heritage handloom festival-2020'...

One held 'with foreign currencies' at Ctg Airport

CHATTOGRAM, Oct 28 (UNB): Customs officials arrested a man along with 'huge foreign currencies equivalent to TK 42 lakh' at Shah Amanat International Airport in Chattogram on Tuesday night.The arrestee was identified as Rakibul Islam of Araihazar upazila in Narayanganj district.Mohammad Musa Khan, assistant commissioner of Chattrogram customs, said Rakibul...

Turkey wants enhanced ties with Bangladesh exceeding $2 bln trade

Turkey wants enhanced trade relations with Bangladesh to substantially push up the bilateral trade volume between the two countries, Foreign Minister Dr AK Abdul Momen said Wednesday, reports UNB."Turkish President (Recep Tayyip Erdogan) is committed to enhancing ties with Bangladesh. Trade should exceed US$ 2 billion," he told reporters at...

Govt's purchase committee approves 4 proposals

The Cabinet Committee on Government Purchase (CCGP) today approved four proposals, including one for improving the Dhaka Water Supply network under Dhaka WASA, reports BSS.The approval came from the 28th CCGP meeting in the current year held virtually with Finance Minister AHM Mustafa Kamal in the chair.Briefing reporters virtually after...

Russia's VTB to stay in grain business for next 3-5 yrs

MOSCOW, Oct 28 (Reuters): Russia's VTB bank, which has transformed itself into a major grain trader within a year, plans to remain in the grain business for the next three to five years, Andrey Kostin, the chief executive of the state-controlled lender, told Reuters.VTB, Russia's second biggest bank, has become...

Pandemic slashes global tourism by 70 pct: UN

MADRID, Oct 28 (AFP): International tourists arrivals plunged by an annualised 70 per cent during the first eight months of 2020 because of the coronavirus pandemic, the World Tourism Organisation (WTO) said Tuesday.The Northern Hemisphere's peak summer season was ravaged by travel restrictions, with tourist arrivals down by 81 per...

Heathrow overtaken as Europe's busiest airport amid pandemic

LONDON, Oct 28 (BBC): Heathrow says it has been overtaken as Europe's busiest airport for the first time by Paris Charles de Gaulle because of a slump in demand for air travel.Some 19 million passengers used Heathrow in the first nine months of the year, versus 19.3 million who used...

Drop in leisure driving stalls global recovery in fuel demand

NEW YORK, Oct 28 (Reuters): Brandon Thompson was planning on making an eight-hour drive this year from his home in Iowa to Ann Arbor, Michigan, to see his favorite college football team play. Then the pandemic hit.Millions of people like Thompson worldwide continue to cancel or curtail leisure trips as...

Japan's Mitsubishi Heavy asks other companies to take on idle workers

TOKYO, Oct 28 (Reuters): Mitsubishi Heavy Industries (MHI) said it has asked several other companies to temporarily employ idle workers from its factories in central Japan in a bid to cut costs and weather a downturn from the COVID-19 pandemic, two sources told Reuters.MHI has approached firms in Aichi Prefecture...

Euro dips on French lockdown fears

LONDON, Oct 28 (Reuters): The dollar rose against the euro on prospects of a national coronavirus lockdown in France, with implied volatility gauges in the common currency and the yen hitting multi-month highs as traders positioned for next week's US election.The dollar fell against the safe-haven Japanese currency, as disappointment...

German economy grew by 6.0pc in Q3

BERLIN, Oct 28 (Reuters): The German economy likely grew by around 6.0 per cent in the third quarter but the recovery from the coronavirus crisis seen over the summer will probably slow as a second Covid-19 outbreak hits Europe's biggest economy, the DIW institute said on Wednesday.DIW pointed to the...

Currency mkt volatility jumps before US election

LONDON, Oct 28 (Reuters): Gauges for implied currency swings in the foreign exchange markets jumped to their highest levels in nearly seven months on Wednesday as traders anticipated more volatility before the outcome of the US elections next week.Contracts for euro and Japanese yen implied volatility versus the US dollar...