S.Korea says to provide liquidity to stabilise markets after turmoil

Equities sank more than two percent in Seoul and the won initially plunged to a two-year low against the dollar after the dramatic move, which stunned traders already concerned about the state of Asia's number-three economy.
4 December 2024, 05:21 AM

PDB can save $1.2 billion a year by fixing core problems: IEEFA

The global energy think-tank suggested shifting half of Bangladesh’s existing industrial demand to the grid
4 December 2024, 05:01 AM

$6 billion foreign loan commitments may come by June: finance adviser

The commitments will come from multiple sources, including World Bank, IMF, ADB, Opec
3 December 2024, 14:48 PM

Roadmap is there to implement ILO conventions: commerce adviser

EU Ambassador Michael Miller calls on the adviser
3 December 2024, 13:39 PM

Chevron to invest in new gas exploration in Bangladesh

The energy giant thanks the interim government for starting to clear overdue payments
3 December 2024, 12:15 PM

Why Mexico’s global trade sweet spot may turn sour

Last year, Mexico sent $475 billion of goods exports to the United States, surpassing China
3 December 2024, 07:09 AM

US unveils fresh export curbs targeting China's chip sector

The announcement comes weeks before President-elect Donald Trump returns to the White House, where he is expected to bolster Washington's hawkish stance on China
3 December 2024, 05:32 AM

US Fed officials see inflation fight as broadly on track

New York Fed President John Williams said inflation was now "within striking distance" of two percent.
3 December 2024, 05:27 AM

Moody’s told outdated story of Bangladesh

Moody's Ratings is narrating an outdated story of Bangladesh, not the updated one, said Bangladesh Bank Governor Ahsan H Mansur in a webinar yesterday.
2 December 2024, 20:22 PM

KEPZ decides to fast-track land registration

The chief adviser became the first head of state to preside over a meeting of the KEPZ governing body in nine years
2 December 2024, 12:24 PM

OpenAI's Altman confident Trump will keep US in AI lead

"We need to build that here and we need to be able to have the best AI infrastructure in the world to be able to lead with the technology and the capabilities," he said.
2 December 2024, 06:46 AM

Exclusive: Latest US strike on China's chips hits semiconductor toolmakers

The move marks one of the Biden Administration's last large scale effort to stymy China's ability to access and produce chips that can help advance artificial intelligence for military applications or otherwise threaten US national security.
2 December 2024, 06:44 AM

Remittance rises 14% in November

However, November’s inflow of $2.2 billion was 8.16% lower than the previous month
1 December 2024, 12:53 PM

Businesses will now get up to three years for payment: BB

Earlier, industries could import capital machinery under a 360-day usance term
1 December 2024, 11:09 AM

US 'Black Friday' online spending put at record $10.8 bn

The biggest sales during the annual day-after-Thanksgiving promotions were for toys, jewelry, household appliances, skin- and hair-care products, clothes and electronic devices
1 December 2024, 06:00 AM

Elon Musk asks US court to block OpenAi's for-profit conversion

Attorneys representing the billionaire and his AI startup, xAI, filed the injunction Friday, the financial news site reported.
1 December 2024, 05:28 AM

Businesses voice concern over state of law and order

Power crises are also making things extremely difficult, they say at DCCI conference
30 November 2024, 13:02 PM

WTO chief reappointed as Trump threat looms

Okonjo-Iweala, the first woman and the first African to head the WTO, was the only candidate in the race, and had been all but assured a second four-year term
30 November 2024, 08:32 AM

China manufacturing expands for second straight month

The latest PMI reading marks the second straight month of expansion -- indicated by a figure above 50 -- after a five-month run in negative territory that ended in October.
30 November 2024, 05:09 AM

Sri Lanka records highest deflation since 1961

Sri Lanka had already seen deflation of 0.8 percent in October and 0.5 percent in September
30 November 2024, 05:04 AM