The global economic outlook is even gloomier than projected last month, the International Monetary Fund said on Sunday, citing a steady worsening in purchasing manager surveys in recent months.

The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap, US Treasury Secretary Janet Yellen said on Friday.

German Chancellor Olaf Scholz discussed energy and trade ties with Vietnam’s Prime Minister Pham Minh Chinh during a visit to Hanoi on Sunday, the first for a German leader in more than a decade.

With odds of a split US Congress rising, Treasury Secretary Janet Yellen warned that lawmakers’ failure to raise the statutory limit on US debt posed a “huge threat” to America’s credit rating and functioning of US financial markets.

Britain’s external deficit is a worry and there are questions over the country’s competitiveness long-term, while the new Italian government’s medium-term fiscal plan appears “realistic”, senior analysts at S&P Global said on Friday.

The dollar fell across the board for a second straight day on Friday, as investors favoured riskier currencies following signs U.S. inflation is cooling that boosted the case for the Federal Reserve to ease off its hefty interest rate hikes.

Chinese consumers clutched their wallets tight in this year’s Singles Day and continued seeking relatively economical home brands over pricier expensive labels, as strict COVID-19 curbs and economic uncertainty weighed on the shopping extravaganza.

The jewellers have decided to increase gold prices by Tk 2,333 per bhori from tomorrow.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and MasterCard today launched co-branded credit cards for the BGMEA members and prepaid cards for more than 4.5 million garment workers.

Soaring wheat prices in India could prompt price-cooling measures such as the release of state reserves into the open market while axeing the 40 per cent tax on imports, trade and government sources said on Thursday.

A deal to free-up vital grain exports from Ukraine expires on November 19 and intense negotiations over the next few days will determine whether it is extended and possibly even expanded to help ease concerns about global food security.

Maersk is building a 100,000-square-feet warehouse in the port city of Chattogram to expand its capacity, said the global shipping services company.  

The negotiation between Bangladesh and Japan for signing a free trade agreement (FTA) or an economic partnership agreement (EPA) should start as soon as possible, Japanese Ambassador ITO Naoki said today.

Around 52,500 tonnes of wheat reached the outer anchorage of Chattogram Port through a cargo ship called Magnum Fortune on November 9.

Asian stocks made a positive start Wednesday following gains on Wall Street but lost momentum as factory gate prices in China fell for the first time in nearly two years.

A slew of lacklustre indicators for October show strict and enduring Covid curbs as well as a global slowdown are dragging on China’s economy, analysts told AFP, with prospects looking increasingly grim for 2023.

The Indian government on Wednesday allowed international trade settlements in Indian rupees for export promotion schemes under foreign trade policy.

European wholesale gas prices have fallen from record peaks reached after producer Russia’s invasion of Ukraine, but energy bills remain sky high despite government help aimed at easing consumers’ pain.

The German economy ministry has recommended that the sale of a chip factory to a Chinese-owned firm should be blocked as it poses a security threat, government sources said Tuesday.

India will continue buying Russian oil because it benefits the country, India’s foreign minister said on Tuesday after meeting his Russian counterpart for the fifth time this year, adding that the two countries were expanding their trade ties.