Inflation in the euro zone’s four largest economies hovered ​above the European Central Bank’s 2 percent target for a third straight month in May, preliminary data showed ‌on Friday, as a rise in fuel costs triggered by the Iran war began to feed through to other prices.

India has scrapped customs duties on cotton imports for five months, the government said on Saturday, as it seeks to boost supplies of contamination-free natural fibre for textile exporters amid strong overseas demand for yarn.

Sri Lanka raised fuel prices by up to six percent on Sunday, in line with IMF plans to recover energy costs and phase out subsidies to stabilise the economy.

India's foreign exchange reserves fell to $681.4 ​billion in the week ended May 22, from $688.89 billion ‌a week earlier

The current 11 percent import duty will be suspended until October 30

The ⁠rates are being revised on a fortnightly basis

China's bet on the digital yuan is in stark contrast with the U.S.

The US and Iran reached an agreement on Thursday to extend a ceasefire and lift restrictions on shipping through the Strait of Hormuz

Brent North Sea crude, the main international benchmark, rose by nearly two percent to $96.13 a barrel, while the main US contract, WTI, increased by 1.75 percent to $90.23 a barrel.

Oil prices fell about 5 percent to two-week lows yesterday as optimism grew that the United States and Iran were moving closer to a peace deal that would reopen the Strait of Hormuz, even though Washington and Tehran played down hopes for an imminent breakthrough.

India’s state-run fuel companies raised petrol and diesel prices for the fourth time in 10 days on Monday, as the Middle East war strains supplies to the world’s fastest-growing major economy.

The dollar fell against major currencies on Monday as hopes of a deal to ​reopen the Strait of Hormuz pushed oil prices below $100 per barrel, even as the US and Iran ‌played down the chances of reaching an agreement soon.

The Iran war has upended crude oil and liquefied natural gas markets, but the impact on coal has been more muted, even as prices for thermal grades have quietly climbed to multi-year highs.

On a two-day visit to Dhaka from May 24, the ADB chief met with the prime minister and finance minister

The price of North Sea Brent crude and West Texas Intermediate slipped close to five percent to $99.41 and $92.49 a barrel

Marinel Garciano dislikes winter, and that’s tough when it lasts nine months in Ilulissat, Greenland. But she has no regrets about leaving the Philippines to give her children opportunities.

New US Federal Reserve Chair Kevin Warsh vowed to be “reform-oriented” as he was sworn in at the White House on Friday, with President Donald Trump insisting the central bank chief would be “totally independent.”

Bangladesh's apparel exports to the European Union (EU) fell 19.26 percent year-on-year to €2.89 billion in January-February this year, according to data from Eurostat

The EU is Mexico's third-largest trading partner, lagging far behind the United States and China

Brent crude futures settled at $103.54 a barrel, up 96 cents