Cross-border trade through the Hili land port in Dinajpur’s Hakimpur upazila will remain suspended for a week from July 18 to July 24 marking Eid-ul-Azha, one of the main two religious festivals for Muslims.

The United States on Friday warned its business community of growing risks of operating in Hong Kong due to China’s clampdown, as an increasing number of Western companies consider abandoning the historic financial hub.

International retailers and brands are putting on hold work orders placed with many factories amidst the uncertainty over whether garment factories will be allowed to run during the upcoming 14-day lockdown beginning July 23, said exporters.

US retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services, supporting expectations that economic growth accelerated in the second quarter.

Leading mobile financial service provider bKash yesterday suspended transactions through its channel with 10 e-commerce platforms.

Global issuance of sustainable debt is on track to surpass $1 trillion this year with green bonds dominating while emerging markets have some catching up do to, the Institute of International Finance (IIF) said in a report.

The Chattogram VAT commissionerate filed a case on Thursday accusing KSRM Steel Plant of dodging value-added tax (VAT) payments worth Tk 231.17 crore on product sales and raw material purchase.

Two Chinese state investors plan to sell a combined 98.78 per cent of their stakes in Dajia Insurance Group, the revamped entity of embattled Anbang Insurance Group, for 33.6 billion yuan ($5.19 billion), according to an auction filing on Friday.

Customers  filed a staggering 13,317 complaints against top e-commerce,  ridesharing, food delivery platforms, and Facebook-based businesses in  Bangladesh in the last three fiscal years, official figures showed.

A stock offering by Indian food delivery startup Zomato drew bids worth US$46.3 billion as it was more than 38 times oversubscribed on Friday, signalling investors were bullish about the fast-growing sector. 

US Treasury Secretary Janet Yellen announced on Friday that she will meet with regulators next week to discuss “interagency work” on stablecoins, a rapidly growing class of digital currencies that is facing growing scrutiny from policymakers.

Pran Agro has achieved financial closure of a Tk 2,100 million ($25 million) non-convertible, redeemable bond, with credit guarantee from GuarantCo and fully subscribed by MetLife Bangladesh.  

The National Housing Finance and Investments yesterday witnessed the appointment of a new managing director for three years. 

Ericsson said on Friday it was no longer banking on previously anticipated contract wins for 5G tenders in China as it gets caught in the crossfire of a political battle between Beijing and the West, sending its shares down 8 per cent.

US consumer sentiment fell sharply and unexpectedly in early July to the lowest level in five months as inflation worries dented confidence in the economic recovery, a survey showed on Friday. 

China will crack down on the hoarding and speculation of commodities while ensuring supplies and prices are stable, in a move to tame price volatility seen in recent months, said China’s Ministry of Industry and Information Technology.

Global stocks mostly fell Friday as worries about rising Covid-19 cases and their effect on global growth weighed on sentiment, pushing Wall Street into the red for the week.

Tea garden owners in Bangladesh have urged the government to keep the industry out of the purview of the strict nationwide lockdown beginning on July 23.

Leading mobile financial service provider bKash today suspended transactions through its channel to 10 e-commerce platforms.

Employees and workers of a garment factory blocked a road in Gazipur Sadar upazila since this morning, demanding their pending salaries and other dues ahead of Eid-ul-Azha.