Turkish businesses can consider the 100 economic zones and 28 high-tech parks of Bangladesh as their preferred investment destinations, Dhaka Chamber of Commerce and Industry President Rizwan Rahman said yesterday.

Turkish energy imports leapt 115 per cent to $9.56 billion in September, the highest ever monthly level, Trade Ministry data showed on Tuesday.

Saudi Arabia’s non-oil private sector growth remained solid in September helped by a relatively strong pickup in output and new orders, albeit at a slower pace than in August as confidence softened, a survey showed on Tuesday.

Average wheat, maize, and rice prices rose 20 per cent, 29 per cent and 8 per cent respectively worldwide in September compared to a year ago, according to the Food Security Update of the World Bank.  

The United Nations is pushing to cut the price of fertilisers to avoid a “future crisis” of availability, said a senior UN trade official who is involved in talks aimed at boosting the export of Russian fertilisers, including ammonia.

Turkish businesses can consider the 100 economic zones and 28 high-tech parks of Bangladesh as their preferred investment destinations, Dhaka Chamber of Commerce and Industry President Rizwan Rahman said today.

India’s factory growth dipped to a three-month low in September due to a moderation in demand and output, despite easing inflationary pressures and strong business confidence, a private survey showed.

The government has extended the deadline for exporting hilsa to India to October 5 following pleas from traders, according to a circular from the commerce ministry yesterday.  

Turkish inflation jumped to a new 24-year high exceeding 83 per cent in September, official data showed Monday, as President Recep Tayyip Erdogan presses for more interest rate cuts despite surging prices.

The Indian central bank likely sold dollars via state-run banks on Monday as rising oil prices and weak risk appetite pushed the rupee to within striking distance of record lows.

A heavy oil refinery turnaround season in Europe this autumn, plus French strike action, is set to push diesel prices higher and tighten supplies ahead of a European Union ban on Russian refined products which is due to come into force early next year.

Global factory output mostly weakened in September as slowing demand added to the pain from persistent cost pressures and tighter monetary policy, surveys showed on Monday, diminishing economic recovery prospects.

Oil prices jumped by about $4 on Monday as Opec+ considers reducing output by more than 1 million barrels per day (bpd) to buttress prices with what would be its biggest cut since the start of the Covid-19 pandemic.

The Indian government has cut a windfall tax on domestically produced crude oil to 8,000 rupees per tonne from 10,500 rupees per tonne from Sunday, after a decline in global oil prices.

Gasoline and gas oil sales by Indian state refiners rose sharply in September from a year earlier, signalling a pick-up in industrial activity ahead of the festive season from this month, preliminary sales data showed.

British Prime Minister Liz Truss tried to reassure her party and the public on Sunday by saying she should have done more to “lay the ground” for an economic plan that saw the pound fall to record lows and government borrowing costs soar.

Trade between Bangladesh and India through Benapole land port will remain closed for four days on the occasion of Durga Puja.

Chinese local governments may relax the floor on mortgage rates for first-time home buyers in some cities in phases, the central bank said on Thursday, in a bid to prop up property prices and revive a flagging engine of the world’s second-largest economy.

Greece and Bulgaria started commercial operation of a long-delayed gas pipeline on Saturday which will help decrease southeast Europe’s dependence on Russian gas and boost energy security.

The dazzling rise of the US dollar, which has hit one record after another, is raising fears of a currency crash of a severity not seen since the 1997 Asian financial crisis reverberated around the world.