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

Oil rises on US-Iran deal doubts

LONDON/BANGALORE, June 17 (Reuters): Oil prices rose on Wednesday after US President Donald Trump threatened to resume bombing Iran but were contained near three-month lows as the International Energy Agency warned of a supply overhang next year.Brent crude futures were up 54 cents, or 0.7 per cent, to $79.50 a...

Govt committed to promoting local industries: Minister

Posts, Telecommunications and Information Technology Minister Faqir Mahbub Anam has said the government remains committed to promoting local industries, creating employment opportunities, and building a technology-driven economy.He made the remarks while exchanging views with officers and employees of Bangladesh Cable Shilpa Limited after visiting the company's facilities in Khulna on...

Maintenance dredging begins at Matarbari deep-sea port channel

CHATTOGRAM, June 17: The Chittagong Port Authority (CPA) has begun maintenance dredging of the Matarbari deep-sea port channel in Maheshkhali to restore navigability and ensure the safe movement of commercial and fuel-carrying vessels.CPA officials said coal-carrying ships are already using the Matarbari channel regularly, while LNG carriers are also expected...

Container imports soar at busiest US port in May as buyers try to outrun rising fuel costs

LOS ANGELES, June 17 (Reuters): Imports to the busiest US container port in Los Angeles hit the second-highest level in history during May, as retailers rushed in products like plastic school supplies before cargo ship owners start recouping higher fuel costs from the Iran war on July 1.The Iran war...

Gold holds ground with spotlight on Fed meet

Gold prices held steady on Wednesday as investors awaited the US central bank's first policy decision under new Chair Kevin Warsh, along with further details of the US-Iran peace agreement for further direction, reports Reuters.Spot gold was little changed at $4,325.59 per ounce by 8:20 a.m. EDT (1220 GMT). US...

US retail sales beat expectations in May

WASHINGTON, June 17 (Reuters): US retail sales increased more than expected in May, but a slowdown is likely as the cushion from larger tax refunds against higher prices diminishes.Retail sales jumped 0.9 per cent last month after a downwardly revised 0.4 per cent gain in April, the Commerce Department's Census...