Tuesday, 30 May, 2023


Country to export “Made in Bangladesh” gold under BAJUS President leadership

The country’s jewellery sector has been revamped due to pragmatic steps taken by Bangladesh Jewellers Association (BAJUS) President Sayem Sobhan Anvir. Enamul Haque Khan Dolan, former president of BAJUS, was addressing a view exchange meeting with Narsingdi unit leaders and

UBS agrees 'emergency rescue' of Credit Suisse

Troubled bank Credit Suisse has been rescued by its Swiss rival UBS in a government-backed deal. Sunday's announcement came after a weekend of emergency talks in Switzerland between the two banks and the country's financial regulators. The Swiss National Bank said the deal

Bashundhara LP Gas Ltd holds regional sales conference

Regional Sales Conference of Bashundhara LP Gas Limited was held at Momo Inn Hotel, Bogura on Sunday (Mar 19).    MM Jasim Uddin, Chief Operating Officer of Sales and Marketing of Bashundhara LP Gas, inaugurated the event. He welcomed everyone and highlighted the success of

Gold price hits record high in India

MCX (Multi Commodity Exchange) Gold futures hit lifetime highs on Friday on the intraday (Rs 59,461) and closing basis at Rs 59,420 per 10 gram. The April futures settled up by Rs 1,414 or 2.44% from the Thursday closing price. Meanwhile, May Silver futures rallied over 3% and gained Rs

Swiss UBS bank 'in Credit Suisse takeover talks'

Switzerland's biggest bank, UBS, is reported to be in advanced talks to buy all or part of its troubled rival Credit Suisse. Shares in Credit Suisse have fallen sharply in recent days after it said it had found "material weakness" in its financial reporting. An

Gold jumped by Tk 7,698 per bhori

The gold price in the local market has jumped by Tk 7,698 to record Tk 98,794 per bhori (11.664 grams) with effect from Sunday. The price of 22-carat gold is now Tk 8,470 per gram, while it is Tk 8,085 for 21-carat gold, according to a press release issued by Bangladesh

Gold price climbs to life-time high on bank crisis in US. Sell, hold or buy?

On account of bank crisis in US, gold price climbed to life-time high of ₹59,461 per 10 gm on MCX, bettering previous high of ₹58,847 per 10 gm during the Friday session.  The yellow metal price finished ₹1,414 per 10 gm higher at ₹59,420 levels on the weekend session,

Gold Pops on Market Chaos

Years ago, a veteran investor told me, “you don’t own gold for gains, you own it as a hedge against chaos.” In the wake of the banking sector meltdown, here’s what gold as a chaos-hedge looks like… But the interest in gold today isn’t solely due

Gold gains, set for best week since mid-Nov on banking crisis woes

Gold advanced on Friday buoyed by a weaker dollar and was poised for its biggest weekly gain since mid-November, as a global banking crisis sent investors flocking to the safe-haven metal. Spot gold was up 0.5% at $1,928.45 per ounce, as of 0612 GMT. Bullion has risen about 3.2% this

Onion imports halted: Farmers happy, not consumers

Onion prices shot up in Bangladesh after the government stopped issuing import permits (IP) for the popular cooking ingredient on Thursday (March 16) in a bid to protect the interest of local growers. Ramadan is imminent and there is a halt in Indian onion imports through the Hili land

Gold price at daily highs as U.S. retail sales drop in February

The gold market was trading near its new daily highs after retail sales fell in February, showing that consumers are slowing their activity after a strong start to the year. U.S. retail sales dropped 0.4% last month following a jump of 3.2% in January, according to the latest data from

Credit Suisse reignites banking fears, gold price jumps to 1.5-month highs

Investors are embracing the gold market amid the quickly escalating banking contagion fears. Strong demand for the precious metal is keeping prices at 5-week highs Wednesday. The banking sector roiled Wednesday as shares of Credit Suisse — a Swiss bank with extensive U.S. and

Gold, silver soar as SVB collapse spurs flight to safety

Gold and silver prices surged on Monday, as their safe-haven appeal drew in investors spooked by the collapse of Silicon Valley Bank, with the crisis also sparking hopes the U.S. Federal Reserve would have to slam the brakes on its aggressive monetary policy. The U.S. dollar and

Russia Agrees to 60-Day Black Sea Grain Deal Extension

Russia has agreed to extend the Ukraine grain export deal following talks with the United Nations on Monday — but only for a further 60 days. Moscow said it wanted to see "tangible progress" on a parallel agreement on Russian exports before the deal comes up for renewal

Gold market holding gains but unable to break above $1,900

The gold market is holding on to solid gains Sunday evening after a strong open driven by growing concerns that the U.S. banking sector is on the verge of another financial crisis. The gold market is trading near a five-week high, even as prices have fallen from their session highs, a

Bangladesh banks feel squeeze of Moody's outlook downgrade

Bangladesh's banking sector is girding for a rougher ride after Moody's, one of the big three global rating agencies, downgraded its outlook for the sector from "stable" to "negative." Economists and financial analysts say last week's downgrade is a

Oil giant Saudi Aramco records historic $161bn profit in 2022

Oil giant Saudi Aramco has reported earning $161bn last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists. The monster profit by the firm, known formally as the Saudi Arabian Oil Co., came off the back of

Some directors behave like ‘owners’ of banks: BB Governor

Bangladesh Bank Governor Abdur Rouf Talukder said a section of directors in banks are considering themselves as ‘owners’ while other bankers facilitating the irregularities. He said: “Ethics and good governance are important for banking sector. However, some banks

Silicon Valley Bank: Regulators take over as failure raises fears

US regulators have shut down Silicon Valley Bank (SVB) and taken control of its customer deposits in the largest failure of a US bank since 2008. The moves came as the firm, a key tech lender, was scrambling to raise money to plug a loss from the sale of assets affected by higher

PM opens Bangladesh Business Summit 2023

Prime Minister Sheikh Hasina today (March 11) inaugurated the "Bangladesh Business Summit 2023" to commemorate the Golden Jubilee of the country's apex business body FBCCI.   She opened the three-day summit as the chief guest at the Bangabandhu International