Major central banks ramped up interest rates at the fastest pace and biggest scale in at least two decades in 2022 as policy makers went all out in the battle to contain surging inflation.

Egis India Consulting Engineers Private Limited has been appointed as consultant for a capacity building project worth Tk 6,014 crore at Mongla port, the second largest seaport in Bangladesh.

Egis India Consulting Engineers Private Limited has been appointed as the consultant for a capacity building project worth Tk 6,014 crore at Mongla port, the second largest seaport in Bangladesh.

US and European stocks wobbled on Friday despite a key gauge showing inflation to be slowing, as investors remain concerned about recession risks.

Inflation is likely to remain high for another two years as companies pass on higher input costs and in some cases exaggerate them, the head of the council of economists that advises the German government was quoted as saying on Saturday.

Tesla suspended production at its Shanghai plant on Saturday, according to an internal notice and two people with knowledge of the matter, bringing ahead a previous plan to pause most work at the plant in the last week of December.

India’s future interest rate hikes should be carefully calibrated and its intervention in the foreign exchange market should be limited to managing volatility, the International Monetary Fund (IMF) said on Friday.

India’s foreign exchange reserves snapped a five-week rising streak and fell to $563.5 billion in the week through December 16, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday.

The Maldives criminal court on Sunday sentenced former president Abdulla Yameen to 11 years in prison and fined him $5 million after finding him guilty of corruption and money laundering charges related to receiving kickbacks from a private company.

India's foreign exchange reserves snapped a five-week rising streak and fell to $563.5 billion in the week through Dec. 16, the Reserve Bank of India's (RBI) statistical supplement showed on Friday.

The Canadian economy grew by 0.1 per cent in October and is expected to expand at the same pace in November, data showed on Friday, a sign that the full impact of seven consecutive interest rates hikes this year has yet to play out.

The number of passenger movement at 20 Indonesian airports during the Christmas and New Year holiday this year is expected to reach 2.54 million passengers, PT Angkasa Pura II (AP II) predicts, as the state-owned operator readies its service to accommodate the end-of-year peak season.

Three Japanese insurance companies will stop insuring ships for damage in all Russian waters due to the war in Ukraine, potentially affecting Japan’s energy imports including liquefied natural gas (LNG), the Nikkei newspaper said on Saturday.

Global ratings agency S&P Global on Thursday cut Pakistan’s long-term sovereign credit rating by one notch to “CCC+” from “B” to reflect a continued weakening of the country’s external, fiscal and economic metrics.

Oil prices settled about $3 per barrel higher on Friday for a second straight week of gains after Moscow said it could cut crude output in response to the G7 price cap on Russian exports.

The US economy expanded 3.2 per cent in the third quarter, the Commerce Department said Thursday, in a further upward revision of data reflecting stronger consumer spending and investment than earlier estimated.

Prices in Japan rose at their fastest pace since 1981 in November, data showed Friday, fuelled in part by higher energy costs.

Two years after Britain’s departure from the European Union, bosses of UK businesses are reeling from the cost of Brexit, including some who voted to cut ties with Brussels.

Japanese insurers will stop providing coverage for ship damage suffered in Russian waters, a decision that could potentially disrupt Japan's imports from Russia's gas and oil producers in Sakhalin, people familiar with the matter said Saturday.

Oil prices climbed for a fourth straight day and hit their highest in two and a half weeks on Thursday with US crude, heating oil and jet fuel stocks growing tighter just as a wintry blast hits the United States.