ADB to give $600m for economic management

The Asian Development Bank (ADB) will extend a $600 million loan to Bangladesh to help the country strengthen its economic management and establish a transparent and accountable regulatory environment for private sector development.
18 December 2024, 20:19 PM

Indian rupee slips to lifetime low

The Indian rupee dropped to a record low on Wednesday, weighed by persistent demand for US dollars from importers and speculators ahead of the Federal Reserve’s policy decision.
18 December 2024, 18:00 PM

Dollar edges up

Global shares and the US dollar edged up on Wednesday as investors made last-minute adjustments to portfolios in the countdown to the year’s final flurry of central bank meetings, while news of a potential Nissan-Honda tie-up lifted car stocks.
18 December 2024, 18:00 PM

IMF cuts Bangladesh’s growth forecast again, keeps inflation projection elevated

Bangladesh may grow 3.8% in FY25, not 4.5% in FY25, the lender says
18 December 2024, 15:01 PM

IMF to give $645 million as fourth tranche of loan to Bangladesh

IMF agreed to Bangladesh’s request to extend the loan amount, now it stands at $5.3 billion
18 December 2024, 13:00 PM

As bitcoin soars, luxury brands consider accepting crypto payments

Regulators have long warned that cryptocurrencies like bitcoin are high-risk assets, with limited uses in the real world. High volatility has been another barrier to wide adoption as a means of payment.
18 December 2024, 06:04 AM

Honda, Nissan move to closer tie-up as competition intensifies, source says

The talks between Honda and Nissan are aimed at setting up a holding company, said the source, who declined to be identified because the information had not been made public.
18 December 2024, 04:08 AM

India’s gold imports to plunge in December after record November

India’s gold imports are poised for a sharp slowdown in December following record purchases in November, in the absence of any major festival and as rebounding prices prompt buyers to delay purchases, trade and government officials said.
17 December 2024, 18:00 PM

UK wage growth jumps

UK wage growth accelerated more than expected, official data showed Tuesday, cementing analyst forecasts that the Bank of England will avoid cutting interest rates this week.
17 December 2024, 18:00 PM

Kamran Tanvirur Rahman re-elected as MCCI president

The leading chamber also re-elected its senior vice president and vice president
17 December 2024, 11:32 AM

Renata ships first batch of preventative cardiovascular meds to US

The medicine was manufactured at Renata’s Bangladesh factory approved by the US-FDA
17 December 2024, 11:14 AM

Adani deal under bribery scrutiny was approved against officials' advice

The federal agency, tasked with developing the solar sector, wanted to know if the southeastern state of Andhra Pradesh would like to sign India's largest renewables contract.
17 December 2024, 09:26 AM

Govt grants Tk 3,000 crore loan for ICB to stabilise capital market

The interest rate of the approved loan was fixed at the variable bank rate
17 December 2024, 06:32 AM

Bitcoin rallies past $107,000, hopes grow for strategic reserve

Bitcoin , the world's biggest and best known cryptocurrency, extended gains to a session high of $107,148
17 December 2024, 05:30 AM

Trump touts $100 bn SoftBank investment, vowing 100,000 jobs

Speaking alongside Trump, Son confirmed the investment company's financial commitment, adding that Trump's victory had "tremendously increased" his confidence in the US economy.
17 December 2024, 05:22 AM

Oil drops

Oil futures eased from their highest levels in weeks as traders took profit while waiting for a Federal Reserve meeting later this week for clues on further rate cuts.
16 December 2024, 18:00 PM

India sugar output to rebound to record next year, could revive exports

India is likely to produce a record amount of sugar in the next marketing year from October after millions of farmers expanded cane cultivation, encouraged by ample water supplies and declining prices of competing crops, farmers and industry officials told Reuters.
16 December 2024, 18:00 PM

US case against Adani strong but extradition unlikely

The US fraud case against Indian billionaire Gautam Adani appears to be backed by documents that will help prosecutors make a strong case, legal experts said, but the tycoon is unlikely to be extradited to stand trial anytime soon.
16 December 2024, 18:00 PM

US-China tech war will hold Asian allies hostage

China will turn Washington’s technology weapons on its Asian neighbours in 2025. US curbs on imports of semiconductors and other goods have hobbled advances in artificial intelligence in the world’s second-largest economy. The People’s Republic is starting to retaliate. Its leverage over corporate giants in Japan and South Korea makes them prime hostage targets.
16 December 2024, 18:00 PM

Oil drops from highest in weeks, focus on Fed rate cuts

Falls were limited, however, by concerns of supply disruptions in the event of more US sanctions on major suppliers Russia and Iran
16 December 2024, 08:30 AM