The Russian economy contracted by 2.1 percent last year, the government’s statistics agency Rosstat said Monday, absorbing Western sanctions over Moscow’s military intervention in Ukraine better than expected.

One of Vietnam’s largest shoe manufacturers for major brands such as Nike and Adidas will cut thousands of workers at the end of the month due to a slump in orders, according to local authorities.

Pakistan’s current account deficit (CAD) dropped to $0.2 billion in January 2023, down 90 per cent from last year as the rupee’s depreciation slowed down imports, the central bank said on Monday.

The dollar edged lower on Monday but kept close to Friday’s six-week high, after a flurry of economic data reinforced market expectations of tighter monetary policy from the Federal Reserve.

After a year of record sales and profits despite slowing global growth the luxury sector is looking to the reopening of China to deliver further expansion in 2023.

Reckitt Benckiser (Bangladesh) PLC made a profit of Tk 65.91 crore in the year that ended on December 31, down 18.44 per cent year-on-year.    

Bangladeshis in the North American country sent home $966.89 million in the October-December period of 2022

Financial sanctions against Russia have strangled its banks’ profits and wrecked many lenders’ international operations, but one year after Moscow sent its troops into Ukraine how much do they matter for average Russians?

Wholesale prices in the United States picked up more than expected in January, according to Labor Department data released Thursday, bumped up by goods costs and fueled by higher gasoline prices.

The IMF said Friday it has reached a staff-level agreement with Ukrainian authorities that opens doors to a full-fledged loan, which would also support the country’s bid to join the European Union.

FBCCI will host Bangladesh Business Summit 2023 from March 11-13

Russia's monetary authorities managed to stave off a full-scale run on its banks with capital controls, and the rouble supply has remained plentiful with long lines at ATMs during an early spring dash for cash now a thing of the past.

Pakistan has hiked the price of petrol by 22.20 rupees ($0.0835) a litre to 272 rupees ($1.02) effective on Thursday because of the plummeting value of the country’s currency, the finance ministry said in a statement.

Retail sales in the United States rebounded in January, said government data released Wednesday, logging the biggest gain since 2021 as policymakers watch for signs that consumer demand is cooling in the longer run.

British annual inflation dropped further last month on easing transport costs, official data showed Wednesday, but remains above 10 percent, prolonging a cost-of-living crisis that has sparked massive strikes.

The dollar fell on Tuesday ahead of a keenly anticipated US inflation report, while the euro and sterling strengthened after European data underlined the resilience of the labour market across the region.

Japan’s economy expanded just 0.2 per cent in the last quarter of 2022, a smaller rebound than expected despite the long-awaited reopening of the country to tourists, government data showed Tuesday.

Oil prices eased around 1 per cent on Monday after rising in the previous session, as investors focused on short-term demand concerns stemming from crucial upcoming US inflation data and refinery maintenance in Asia and the United States.

Kristalina Georgieva describes IMF's outlook for 2023 as "less bad, not good"

The lower production has made it difficult for steel, cement makers to pay back bank loans