Turkey’s lira slid 15 per cent to a near all-time low on Monday after President Tayyip Erdogan’s shock weekend ousting of a hawkish central bank governor sparked fears of a reversal of recent rate hikes, before clawing back some overnight losses.

Volkswagen and BMW’s plans to grab market share in the fast-growing electric car market and challenge Tesla could shift the dial for their cheaply priced shares.

After black, green and white tea, growers in Bangladesh have developed highly valued yellow tea, a development that will take the country to another step forward in saving foreign currencies spent on importing expensive varieties of the beverage.

The country’s stock market bounced back yesterday after crashing for two days, turning many stocks lucrative.

Beacon Pharmaceuticals, the local pioneer of oncology product manufacturing, may export $5 million worth of pharmaceuticals to Syria by December this year -- a huge development for the local pharma industry.

The central bank yesterday allowed “Type-B” companies in export processing zones (EPZs) to enjoy foreign currency loans from an export development fund (EDF).

The central bank yesterday imposed a dividend cap of 30 per cent on non-bank financial institutions (NBFIs).

Prices of chicken meat have risen after growing social gatherings and ensuing Shab-e-Barat and Pahela Baishakh festival fuelled the demand for the protein, said industry operators yesterday.

The cold snap that gripped the United States in February not only caused chaos in Texas and the southwest, it also triggered a shortage in plastics that has disrupted a supply chain already under strain from a lack of microchips and growing congestion at ports as a result of the coronavirus pandemic. So factories have had to shut their doors and consumers are feeling the crunch.

Citibank NA Bangladesh is said to have enabled automatic domestic payment solutions for M&J Group.

Shipments under open account credit terms will help the exporters access the appropriate finance and back-to-back payment would be settled on receipt of final payment on maturity, ICC-B President Mahbubur Rahman said.

About 5 per cent of chief financial officers and senior finance leaders said they planned to hold bitcoin on their balance sheets this year, a survey of 77 executives by US research firm Gartner found last month.

Tighter regulations, billions in lost overseas share value and government pledges to get even tougher -- Chinese tech giants are reeling under what looks like a sustained Big Brother assault on innovation and enterprise.

The government is being deprived of tax on capital gains because of transfer of shares of local companies at face value, although net value per share remains higher than the book value, said the ICAB yesterday.

Bangladesh Cement Manufacturers Association (BCMA) wants the next national budget to do away with a non-adjustable 3 per cent income tax and 3 per cent tax at the supply stage, saying this would help keep prices stable.

Clients faced difficulties to settle inter-bank transaction through different digital modes between 6pm and 8pm on Saturday in the wake of an electrical problem faced by the central bank’s National Payment Switch Bangladesh (NPSB).

Standard Chartered Bangladesh (SCB) has taken a series of financial and cultural initiatives to celebrate the country’s 50 years of independence. As a part of the move, the British lender yesterday rolled out a commemorative credit card at Pan Pacific Sonargaon Dhaka in the capital.

Stocks nosedived more than 3 per cent in the last two trading sessions as investors became worried following the sudden surge in Covid-19 infections and death tolls.

Mizoram, a northeastern state of India, wants to use Bangladesh’s Chattogram port to increase bilateral trade, Commerce Minister Tipu Munshi said yesterday.

Bangladesh’s first ever tier-one mudaraba perpetual bond has received the nod from the Bangladesh Securities and Exchange Commission (BSEC) for a Tk 600 crore fund to be raised.