Amazon raises investment in India to $26 bln by 2030

Amazon.com Inc (AMZN.O) said on Friday it will take its investments to $26 billion in India by 2030, adding $6.5 billion in new planned investments in an announcement made after CEO Andy Jassy met Prime Minister Narendra Modi in the United States.
24 June 2023, 06:34 AM

Oil dips on demand worries as more rate hikes likely

In a second straight day of losses, Brent crude closed down 29 cents, or 0.4%, to $73.85 a barrel. US West Texas Intermediate (WTI) crude fell 35 cents, or 0.5%, at $69.16.
24 June 2023, 06:10 AM

Battle of billionaires: Musk's Starlink eyes India, Ambani resists

Following a meeting with Indian Prime Minister Narendra Modi in the US on Tuesday, Musk said he was keen to launch Starlink in India which "can be incredibly helpful" in remote villages that have no internet or lack high-speed services.
22 June 2023, 14:59 PM
22 June 2023, 14:32 PM

Factbox: Modi's US visit may encourage more American firms to invest in India

Indian Prime Minister Narendra Modi's visit to the United States may encourage more American companies to consider investing in the South Asian country as they look to reduce their reliance on China for manufacturing-related activities.
22 June 2023, 07:58 AM

Three former Credit Suisse CEOs accused of excessive risk-taking -court filing

A group of Credit Suisse AT1 bondholders has filed a class action suit accusing former executives at the Swiss bank, including three past chief CEOs, of being responsible for the bank's downfall.
22 June 2023, 07:44 AM

Swiss National Bank calls for new measures after Credit Suisse crash

The Swiss National Bank (SNB) on Thursday said it was crucial to draw lessons from the Credit Suisse crisis that led to the bank's downfall and forced rescue by rival UBS (UBSG.S) and consider measures that would prevent such events in the future.
22 June 2023, 06:01 AM

Forex reserves cross $30 billion

Thanks to higher inflow of remittances for Eid-ul-Azha
21 June 2023, 13:15 PM

CPD's Indo-Bangla strategic dialogue in Delhi from tomorrow

India's Ananta Aspen Centre are jointly organising the event with CPD
21 June 2023, 12:30 PM

BGMEA moves to utilise Jamdani for wider global presence

It gives special training to 160 students, weavers, Jamdani makers
21 June 2023, 11:46 AM

UK net debt passes 100% of GDP for first time since 1961

Britain's public sector net debt surpassed 100 per cent of gross domestic product in May as borrowing came in higher than expected, the Office for National Statistics said on Wednesday.
21 June 2023, 07:20 AM

Avail more foreign fund for project financing: PM

Prime Minister Sheikh Hasina asked the authorities concerned at Ecnec meeting
20 June 2023, 11:53 AM

Bangladesh's exports retain duty benefit to UK

The UK's landmark Developing Countries Trading Scheme comes into effect today
19 June 2023, 15:29 PM

'Time to diversify export basket to UK'

FBCCI president says at event on Bangladesh-UK trade
19 June 2023, 14:45 PM

Oil slides more than $1 on China growth uncertainties

Global oil prices fell more than $1 on Monday, backing off last week's gains, as questions over China's economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States.
19 June 2023, 06:45 AM

Explainer: What is Russia's problem with the Black Sea grain deal?

President Vladimir Putin said this month that Russia was considering withdrawing from the Black Sea grain deal as he accused the West of cheating Moscow because it still faced obstacles getting its own agricultural goods to world markets.
17 June 2023, 07:08 AM

Meta's social media apps back up after outage

At one point, nearly 20,000 users in total said they were having trouble accessing Facebook and Instagram and Meta's messaging service WhatsApp, according to outage-tracking website Downdetector.com.
17 June 2023, 06:09 AM

Oil gains for the week as supply cuts balance demand concerns

Oil rose on Friday and posted a weekly gain, as higher Chinese demand and OPEC+ supply cuts lifted prices, despite expected weakness in the global economy and the prospect for further interest rate hikes.
17 June 2023, 05:45 AM

Kremlin says no positive prospects for Black Sea grain deal renewal

The Russian side has clearly fulfilled its obligations and the mechanism created is still functioning.
15 June 2023, 15:16 PM

Dollar hits Tk 109, a new inter-bank high

It reached latest peak on June 14
15 June 2023, 15:11 PM