Euro scales 9-month peak

The euro hit a nine-month peak against the dollar on Monday as comments on European interest rates signalling additional jumbo rate rises contrasted with market pricing for a less aggressive Federal Reserve.
23 January 2023, 18:00 PM

India may cut gold import duty

India plans to slash the import duty on gold because higher taxes have made it more profitable for smugglers, who can offer hefty discounts and denting the market share of banks and refiners, government and industry officials told Reuters.
23 January 2023, 18:00 PM

Brazil and Argentina discuss common currency

Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez said in a joint article they penned.
23 January 2023, 03:27 AM

Can Bangladesh overtake China to be EU’s biggest apparel source?

Bangladesh is poised to become the source of most of the European Union’s (EU) apparel as China, the largest apparel supplier worldwide, is witnessing a decrease in its share of trade with the bloc. 
23 January 2023, 03:00 AM

Develop suitable ecosystem for Smart Bangladesh: experts

It is now crucial to hold different players of the telecom industry other than mobile network operators accountable to ensure better voice and data services for consumers, according to various experts.
21 January 2023, 18:00 PM

Flying to China to be made easier

China will start full-fledged flight operations with Bangladesh from February this year, according to the newly appointed Chinese Ambassador to Bangladesh Yao Wen.
21 January 2023, 18:00 PM

Rizal Bank appeals after US court rejects initial motion

A Philippine bank at the centre of an unsolved $81 million cyber heist has appealed a New York Supreme Court decision to dismiss the bank’s motion to throw out the Bangladesh central bank’s lawsuit against it.
21 January 2023, 18:00 PM

Philippine bank at centre of cyber heist appeals New York court loss to Bangladesh

A Philippine bank at the centre of an unsolved $81 million cyber heist has appealed a New York Supreme Court decision to dismiss the bank's motion to throw out the Bangladesh central bank's lawsuit against it.
21 January 2023, 10:02 AM

Japan’s export growth slows sharply in Dec

Japan’s export growth slowed sharply in December as China-bound shipments fell for the first time in seven months, stoking fears of further slowdown in the global economy and external demand for Japanese shipments.
19 January 2023, 18:00 PM

Fed policymakers call for further rate hikes

Federal Reserve policymakers on Wednesday signaled they will push on with more interest rate hikes, with several supporting a top policy rate of at least 5 per cent even as inflation shows signs of having peaked and economic activity is slowing.
19 January 2023, 18:00 PM

China developers’ debt risks persist

China’s Country Garden had some rare good news for the cash-squeezed property sector with an offshore debt repayment on Tuesday, but a closer look reveals just how much developers may still struggle to access capital, developers and analysts said.
18 January 2023, 18:00 PM

Taiwan records biggest contraction since 2009

Taiwan’s economy shrank in the final quarter of 2022, the government said Wednesday, in the island’s worst quarterly contraction since it was hammed by the global financial crisis in late 2009.
18 January 2023, 18:00 PM

Eurozone could avoid recession

The eurozone economy is performing better than feared just a few months ago and the 20-nation bloc could even avoid a recession, French central bank chief Francois Villeroy de Galhau said on Wednesday.
18 January 2023, 18:00 PM

UK inflation edges down but food prices surge

British inflation eased last month after hitting a 41-year high in October, offering some comfort to the Bank of England, but the pressure on households remained intense as food and drink prices rose at the fastest pace since 1977.
18 January 2023, 18:00 PM

China warns of ‘spillover’ from Western rate hikes

China’s vice premier warned Tuesday about the impact of  “spillover effects” of Western interest rate hikes on emerging economies.
17 January 2023, 18:00 PM

Nigeria keen to increase trade with Bangladesh

Nigeria is interested in increasing trade and investment relations with Bangladesh, said a visiting delegation of the African country.
17 January 2023, 18:00 PM

China’s reopening fuels global growth optimism: experts

China’s reopening from pandemic restrictions could drive global growth beyond expectations and help avoid a broader recession even as some of the world’s largest economies struggle to overcome a downturn, top finance officials at the World Economic Forum said.
17 January 2023, 18:00 PM

Shift from China to benefit Bangladesh

Bangladesh is among the countries that may benefit from global trends such as the diversification of manufacturing supply chains away from China, according to a report of the World Economic Forum (WEF).    
17 January 2023, 18:00 PM

UK pay growth speeds up again

Pay growth in Britain - which is being closely watched by the Bank of England as it gauges how much higher to raise interest rates - picked up more pace in the three months to November, official data showed on Tuesday.
17 January 2023, 18:00 PM

Singapore expects full tourism recovery by 2024

Singapore’s international arrivals beat forecasts in 2022, paving the way for its tourism sector to recover to pre-pandemic levels by 2024, its tourism authority said on Tuesday.
17 January 2023, 18:00 PM