China's exports see surprise surge on EV boom

China's exports unexpectedly surged for March, driven by strong shipments of solar products, new-energy vehicles and lithium batteries and as supply chain conditions continued to improve from their Covid paralysis..Meanwhile, imports fell less than expected, with economists pointing to an
13 April 2023, 05:53 AM

Bangladesh wants to increase bilateral trade with Iran: Munshi

The commerce minister meets Iranian ambassador
12 April 2023, 12:02 PM

Bank deposits edge up after record outflows, Fed data shows

Deposits at US commercial banks rose near the end of March for the first time in about a month, showing signs of stabilizing after the two largest bank failures since the financial crisis rocked the banking system and rattled depositors.
8 April 2023, 06:32 AM

Pakistan finance minister cancels US trip to IMF, World Bank meetings

Pakistan's finance minister has cancelled a visit to Washington for spring meetings of the International Monetary Fund (IMF) and World Bank, government officials said today, citing domestic political turmoil as the reason..Minister Ishaq Dar was scheduled to attend the meetings from April
7 April 2023, 09:20 AM

Padma Bridge gives new life to Khulna, Barishal regions: World Bank

The global lender says in its latest report on Bangladesh development update
4 April 2023, 13:53 PM

BKMEA wants Tk 1,500 crore due export incentives before Eid

The association sents a letter to finance ministry
2 April 2023, 16:08 PM

Sound commercial laws vital to attracting FDIs

Says British high commissioner at Dhaka Chamber’s seminar on arbitration act
2 April 2023, 14:37 PM

What is Bangladesh’s brand value?

In term of brand value among the South Asian countries, Bangladesh stands second after India while the brand values of Pakistan, Sri Lanka and Nepal are respectively $232 billion, $48 billion and $29 billion
2 April 2023, 13:32 PM

Remitters sent home $2.02 billion in March

The amount is a seven-month high
2 April 2023, 12:11 PM

Gold rises to Tk 99,144 a bhori, new record

The new rate will be effective from April 2
1 April 2023, 10:53 AM

Oil lower as dollar firms; market eyes Iraq exports

Oil prices fell on Thursday as the dollar strengthened, with investors keeping close tabs on developments related to the reduction of Iraqi Kurdistan oil exports.
30 March 2023, 05:50 AM

US-based Venture37, City Bank Capital to help develop local cold chain infrastructure

The partnership will focus on increasing investment opportunities in cold chain networks, warehousing systems, energy-efficient investment for cold storage and temperature-controlled logistic services.
29 March 2023, 11:12 AM

Oil prices soften; banking crisis and Chinese demand in focus

Crude prices retreated on Tuesday after rallying the previous session, with markets focused on developments in the banking crisis and indications of strengthening demand in China.
28 March 2023, 07:05 AM

First Citizens agrees to buy Silicon Valley Bank

First Citizens BancShares Inc (FCNCA.O) said on Monday it will acquire Silicon Valley Bank's (SIVB.O) deposits and loans as well as certain other assets from the Federal Deposit Insurance Corporation (FDIC).
27 March 2023, 06:50 AM

Dollar steady as banking crisis fears keep investors jittery

The dollar was firm on Monday, while the yen hovered near its seven-week peak as investors assessed moves made by authorities and regulators to rein in worries over the global banking system.
27 March 2023, 05:56 AM

IMF says risks to financial stability have increased, calls for vigilance

The IMF, which has predicted global growth of 2.9 per cent this year, is slated to release new forecasts next month.
26 March 2023, 13:11 PM

Factbox: The biggest financial crises of the last four decades

Markets have experienced massive upheaval in the last month, prompted in part by two of the three largest banking failures in US history while Swiss lender Credit Suisse was bought by rival UBS Group AG (UBSG.S) in a merger engineered by Swiss regulators.
26 March 2023, 07:32 AM

Valley National bidding for Silicon Valley Bank, Bloomberg reports

Valley National Bancorp (VLY.O) is vying to buy Silicon Valley Bank (SIVB.O), Bloomberg News reported on Saturday.
26 March 2023, 05:35 AM

Central banks must enhance transparency to build trust

The Bank of Canada published a detailed summary of its Governing Council deliberations for the first-time last month, joining nearly two dozen other central banks in regularly releasing detailed information on monetary policy decisions.
26 March 2023, 05:05 AM

Russians reluctantly embrace Chinese cars after Western brands depart

As the exodus of Western carmakers narrows options for Russian consumers, Chinese automakers are filling the gap, forcing Russians to overcome their reluctance to embrace Chinese brands and stomach higher prices.
25 March 2023, 08:37 AM