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Bangladesh Bank bought nearly $4 billion in FY26 so far
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Global Economy
Europe scores tentative trade deal win over India
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Global Economy
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Global Economy
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Global Economy
UN pushes for global fertiliser price reduction
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.
4 October 2022, 18:00 PM
Turkish businesses urged to invest in EZs
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.
4 October 2022, 18:00 PM
India factory growth dips to 3-month low
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.
3 October 2022, 18:00 PM
Turkey’s inflation hits 24-year high
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.
3 October 2022, 18:00 PM
RBI sells dollars as rupee slips to record low
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.
3 October 2022, 18:00 PM
Europe braces for heavy oil refinery outages
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.
3 October 2022, 18:00 PM
World factory activity weakens
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.
3 October 2022, 18:00 PM
Oil jumps $4
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.
3 October 2022, 18:00 PM
UK’s Truss tries to reassure on economic plan
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.
2 October 2022, 18:00 PM
China moves to revive housing sector
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.
2 October 2022, 18:00 PM
India cuts tax on diesel exports
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.
2 October 2022, 18:00 PM
India’s gas oil, gasoline sales surge for festival
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.
2 October 2022, 18:00 PM
Korea, US agree to implement liquidity measures
The United States and South Korea agreed on Saturday to implement liquidity facilities to stabilise financial markets if needed, Korea’s finance ministry said after a teleconference between finance chiefs of the two countries.
1 October 2022, 18:00 PM
Japan’s dependency on ME crude reaches 94.5pc
Japanese crude oil imports from the Middle East in August rose 12.1 per cent from a year earlier to 2.82 million barrels per day (bpd), equivalent to 13.88 million kilolitres, with Japan’s dependence on the region reaching 94.5 per cent, the industry ministry said on Friday.
1 October 2022, 18:00 PM
India cuts base import price of palm oil, gold
India has slashed the base import prices of crude and refined palm oil, crude soya oil and gold, the government said in a statement late on Friday, as prices corrected in the world market.
1 October 2022, 18:00 PM
China’s economy struggling to rebound
China’s factory activity eked out growth in September, but a slowdown in services sector growth and a downbeat private manufacturing survey pointed to further cooling as the economy grapples with Covid-19 curbs and softening global demand.
1 October 2022, 18:00 PM
India raises key interest rate by 50 basis points
The Reserve Bank of India’s benchmark repo rate was raised by 50 basis points on Friday, the fourth straight increase in the current cycle, as policymakers extended their battle to tame stubbornly above-target retail inflation rate.
1 October 2022, 18:00 PM
Greece-Bulgaria pipeline to boost non-Russian gas flows
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.
1 October 2022, 18:00 PM
Strong dollar an unstoppable force endangering other currencies
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.
1 October 2022, 18:00 PM
Meta includes Bangladesh in marketing summit
Meta, formerly known as the Facebook company, for the first time has expanded its annual marketing summit to Bangladesh, and the digital event was aired yesterday.
29 September 2022, 18:00 PM