Monday, 04 Mar, 2024

Business

US House passes bill banning uranium imports from Russia

The US House of Representatives on Monday passed a ban on imports of Russian uranium as lawmakers seek to add pressure on Moscow for its war on Ukraine, though the measure has waivers in case of supply concerns for domestic reactors. The bill must pass the Senate and be signed by

Gold price struggles near two-week low amid modest USD strength, reduced Fed rate cut bets

Gold price (XAU/USD) drifts lower for the second straight day on Monday and retreats further from an all-time peak touched last week.  The precious metal remains depressed below the $2,000 psychological mark through the first half of the European session and is pressured by some

Gold prices decline

SJC gold price fell 0.27% to VND73.8 million ($3,046.82) per tael Monday morning. Gold ring price dropped 0.32% to VND61.55 million per tael. A tael equals 37.5 grams or 1.2 ounces. During the early hours of trading in Asia on Monday, global gold prices rebounded from their recent

DNCRP warns against illegal stocks of onion

Directorate National Consumers' Rights Protection (DNCRP) on Monday (December 11) said that the government agency will take action if illegal stocks of onions are found anywhere in the country. AHM Shafiquzzaman, director general of the DNCRP has warned after taking part in a

Bangladesh to import 52,000 tons of onion

The government has taken the initiative to import some 52,000 metric tons of onion from India against the LCs opened earlier in a bid to curtail the price of such an essential item in the local kitchen market. The Ministry of Commerce has already sent a letter to the Bangladesh High

National VAT Day tomorrow, VAT Week Dec 10-15

The National VAT (value added tax) Day - 2023 will be observed tomorrow while the National VAT Week - 2023 will continue till December 15 across the country in a befitting manner. The National Board of Revenue (NBR) has chalked out various programmes to mark the National VAT Day and

India extends curbs on onion exports till March 31

India has extended restrictions on the outbound shipments of onions until the end of this fiscal year or March 31, 2024, as the government seeks to ensure ample supply in the country and keep a lid on prices of this key political crop that in the past was associated with toppling

G7 leaders speak with Ukraine's Zelenskyy; agree to Russian diamond ban

U.S. President Joe Biden and leaders of the Group of Seven (G7) countries met virtually on Wednesday with Ukrainian President Volodymyr Zelenskyy in a show of solidarity and agreed to a new ban on Russian diamonds. The meeting was hosted by Japanese Prime Minister Fumio Kishida, this

Bitcoin Flips Tesla, Meta, and BTC Hater Buffett's Berkshire Hathaway

Bitcoin now ranks among the top 7 most valuable traded assets in the world—topping a financial giant led by BTC skeptic Warren Buffett. The late Berkshire Hathaway Vice Chairman Charlie Munger called it “rat poison”; the company’s CEO, Warren Buffett, called it

Gold prices drop by Tk1,750 per bhori

The Bangladesh Jeweller’s Association (BAJUS) on Wednesday (December 6) announced a reduction in gold prices by Tk1,750 per bhori. According to BAJUS press release the price cut will be implemented from Thursday (December 6). The price of one bar (11.664 grammes) of gold has

Bashundhara Housing wins World Business Outlook's ‘Most Innovative Property Firm’ award

Bashundhara Housing has been awarded the ‘most innovative property development firm’ on an international platform, setting a benchmark for the country's real estate industry. Singapore-based World Business Outlook magazine made the announcement at a global award

KSA's Ministry of Investments explores opportunities for Bangladesh infrastructure projects

A meeting between Dr. Chowdhury Nafeez Sarafat, a business leader of Bangladesh and Badr I. AlBadr, Deputy Minister of Investors Outreach, Ministry of Investment, Kingdom of Saudi Arabia (KSA) was held in the capital Dhaka. The meeting marked the interaction between the two visionary

EU approves ban on destruction of unsold clothing

Negotiators from the European Parliament and EU member states on Tuesday reached an agreement to stop large retail groups of destroying unsold clothes and footwear. The rules are aimed at cracking down on the impact of "fast fashion" and reducing waste.  What we know

EWMGL on highest taxpayer list for 8th time

East West Media Group Limited (EWMGL), a concern of the country’s largest business conglomerate Bashundhara Group, has achieved the highest taxpayer status in “Print and Electronic Media” category for the 8th time in a row. A notification, signed by Senior Assistant

Gold strikes fresh record high as rate cut bets surge

Gold prices soared to a record high above $2,100 on Monday as traders grow increasingly confident the Federal Reserve will cut interest rates in the new year. The precious metal struck $2,135.39 in early Asian trade, topping the previous all-time high set in 2020, during the pandemic.

12kg LPG price goes up by Tk 117.02

The Bangladesh Energy Regulatory Commission (BERC) has increased the price of a 12kg liquefied petroleum gas (LPG) cylinder by Tk 117.02 to TK 1,404 for the month of December. In November, the price was increased by Tk 115.09 to TK 1,381.  BERC authority announced the new price

COP28: Huge rise in oil drilling expected from hosts UAE

The country hosting COP28 climate talks aimed at cutting fossil fuel emissions is massively ramping up its own oil production, the BBC has learned. The United Arab Emirates' state oil firm Adnoc may drill 42% more by 2030, according to analysts considered the international gold

Gold price hits record Tk 1,09,875 a bhori

Jewellers hiked gold prices by Tk 1,750 per bhori today (November 26) which set a new record, with each bhori now priced at Tk 1,09,875 in Bangladesh. The new price will be effective from Thursday (Tomorrow), said a press release of the Bangladesh Jewellers' Association (BAJUS)

Gold price slightly up but bulls pressing on the accelerator

Gold and silver prices are just a bit higher in early U.S. trading Wednesday. February gold futures hit a six-month high overnight, while March silver notched a three-month high. The two precious metals are being boosted by increasingly bullish near-term technical postures. A recently

Gold prices and rate cut expectations rise after Fed's Waller says he sees inflation falling in Q4

Federal Reserve Governor Christopher Waller has given gold prices a boost on Tuesday after a speech in which he listed several indications that inflation was indeed continuing to retreat back toward the central bank’s 2% target. Speaking at the American Enterprise Institute,