Dhaka-Kolkata cruise will now set sail on Nov 20

MK Shipping Lines is planning to operate a cruise from Dhaka’s Sadarghat to Howrah of Kolkata, starting off on November 20. 
22 October 2023, 18:00 PM

Russia makes up 40 percent of Indian oil imports, dents OPEC's share

The share of Russian oil in India's overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow's position as the top supplier as refiners curbed purchase from the Middle East, industry data showed. India, the world's third largest oil importer and consumer, has emerged as the top buyer of the discounted Russian seaborne oil after Western nations stopped buying from Moscow following its invasion of Ukraine.
21 October 2023, 15:55 PM

Geopolitical tensions could hit global economy: Fed

The US Federal Reserve warned Friday that the recent attack on Israel and the ongoing Ukraine conflict could cause harm to the world economy and boost global inflation. Israel has been conducting extensive air strikes on the Gaza Strip since October 7, when more than 1,400 people, mostly civilians, were killed by Hamas militants during an armed attack on the south of the country.
21 October 2023, 15:33 PM

Oil falls as Israel embargo concerns fade, Venezuela sanctions to ease

Oil prices fell on Thursday, reversing gains in the previous session, after OPEC showed no signs of supporting Iran's call for an oil embargo on Israel and as the United States plans to ease Venezuela sanctions to allow more oil to flow globally.
19 October 2023, 07:23 AM

India extends sugar export ban

India today extended the restrictions on sugar export for an independent period in a move aimed at increasing the availability of the commodity in the domestic market during the festive season.
18 October 2023, 11:59 AM

Indian wheat prices at 8-month high on festival demand, tight supply

Indian wheat prices surged to an eight-month high on Tuesday, propelled by strong demand for big festivals, limited supplies and as import duty makes overseas buying unfeasible for domestic flour mills.
18 October 2023, 10:15 AM

Oil jumps 2% as hospital blast increases Middle East tensions

Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions from the region.
18 October 2023, 06:58 AM

As global debt worries mount, is another crisis brewing?

Record debts, high interest rates, the costs of climate change, health and pension spending as populations age and fractious politics are stoking fears of a financial market crisis in big developed economies.
16 October 2023, 10:12 AM

Oil prices steady above $90 as investors assess Israel-Hamas war

Brent oil futures steadied above $90 a barrel on Monday after passing the threshold on Friday, as investors waited to see if the Israel-Hamas conflict draws in other countries.
16 October 2023, 10:04 AM

Dollar up after inflation data boost

The US dollar touched a one-week high against a basket of currencies on Friday, extending its gains from the previous session when hot US consumer prices data reinforced expectations that the Federal Reserve may have to keep interest rates higher for longer
14 October 2023, 18:08 PM

Oil ticks up on lingering worries about supply disruptions

Oil edged higher on Wednesday as investors grappled with the prospect of supply disruptions due to the Middle East turmoil.
11 October 2023, 09:49 AM

Dollar stalls as Fed tone dials down rate expectations

The dollar was steady on Tuesday and below recent highs as comments by Federal Reserve officials dampened rate hike expectations, although investors kept an eye on the conflict between Israel and the Palestinian Islamist group Hamas
10 October 2023, 21:16 PM

Germany to suffer deeper recession: IMF

Germany will suffer a deeper recession than previously thought, the International Monetary Fund said Tuesday, predicting that Europe's traditional growth engine will be the worst performing major economy in 2023
10 October 2023, 21:00 PM

Oil dips on investor caution as market eyes Middle East turmoil

Oil prices eased on Tuesday after rallying more than 4 percent in the previous session, with traders cautious as they watched for potential supply disruptions amid military clashes between Israel and the Palestinian Islamist group Hamas.
10 October 2023, 06:57 AM

Oil soars as Hamas attack on Israel sparks war

Oil prices were up more than $3 a barrel in Asian trade on Monday as military clashes between Israel and the Palestinian Islamist group Hamas deepened political uncertainty across the Middle East and raised concerns about supplies
9 October 2023, 06:18 AM

Oil prices rise, but post biggest weekly decline since March

Oil prices rose on Friday but remained posted their steepest weekly losses since March, after another partial lifting of Russia's fuel export ban compounded demand fears due to macroeconomic headwinds.
8 October 2023, 06:21 AM

US job growth sizzles; wage inflation cooling

US employment increased by the most in eight months in September as hiring rose broadly, pointing to persistent labor market strength that could give the Federal Reserve ammunition to raise interest rates again, though wage growth is slowing.
7 October 2023, 20:22 PM

US-China tech war: RISC-V chip technology emerges as new battleground

In a new front in the US-China tech war, President Joe Biden's administration is facing pressure from some lawmakers to restrict American companies from working on a freely available chip technology widely used in China - a move that could upend how the global technology industry collaborates across borders.
7 October 2023, 07:48 AM

Putin orders regulated prices for fuel oil, Russia's export ban stays

Russian President Vladimir Putin has ordered the government to provide state funds to ensure a smooth heating season, including the introduction of regulated prices for fuel oil supplied for household heating in some regions, the Kremlin said on Thursday.
5 October 2023, 21:04 PM

Dollar rallies

Surging US real yields are aiding the dollar's rebound, rewarding bullish investors while making bears think twice before betting against the buck.
5 October 2023, 19:59 PM