Energy giant Saudi Aramco on Sunday posted a 44.4 per cent slump in 2020 net profit due to lower crude prices, as the coronavirus pandemic weighed heavily on global demand. Aramco, Saudi Arabia’s cash cow, has revealed consecutive falls in profits since it began disclosing earnings in 2019.

The Federal Reserve has vowed it won’t raise its benchmark lending rate anytime soon, but US economists in a survey released Monday believe the central bank could be forced to enact a hike as soon as next year.

British meal delivery app Deliveroo is aiming for a higher-than-expected valuation of up to 8.8 billion pounds when it launches shortly on the London stock market, the company said Monday following a pandemic-fuelled boom in demand.

Wall Street giddyness in recent weeks stands in stark contrast to the pandemic panic of one year ago.

Turkey’s lira slid 15 per cent to a near all-time low on Monday after President Tayyip Erdogan’s shock weekend ousting of a hawkish central bank governor sparked fears of a reversal of recent rate hikes, before clawing back some overnight losses.

Volkswagen and BMW’s plans to grab market share in the fast-growing electric car market and challenge Tesla could shift the dial for their cheaply priced shares.

After black, green and white tea, growers in Bangladesh have developed highly valued yellow tea, a development that will take the country to another step forward in saving foreign currencies spent on importing expensive varieties of the beverage.

The country’s stock market bounced back yesterday after crashing for two days, turning many stocks lucrative.

Beacon Pharmaceuticals, the local pioneer of oncology product manufacturing, may export $5 million worth of pharmaceuticals to Syria by December this year -- a huge development for the local pharma industry.

Mizoram, a northeastern state of India, wants to use Bangladesh’s Chattogram port to increase bilateral trade, Commerce Minister Tipu Munshi said yesterday.

Bangladesh’s first ever tier-one mudaraba perpetual bond has received the nod from the Bangladesh Securities and Exchange Commission (BSEC) for a Tk 600 crore fund to be raised.

The country could have progressed more if its economy is made vibrant by controlling corruption in an honest, efficient and effective manner, Finance Minister AHM Mustafa Kamal yesterday said.

Logistics companies that cater to online businesses in Bangladesh have prospered during the coronavirus pandemic, as an increasing number of people moved to digital platforms to make purchases.

Citibank NA Bangladesh is said to have enabled automatic domestic payment solutions for M&J Group.

Shipments under open account credit terms will help the exporters access the appropriate finance and back-to-back payment would be settled on receipt of final payment on maturity, ICC-B President Mahbubur Rahman said.

About 5 per cent of chief financial officers and senior finance leaders said they planned to hold bitcoin on their balance sheets this year, a survey of 77 executives by US research firm Gartner found last month.

Tighter regulations, billions in lost overseas share value and government pledges to get even tougher -- Chinese tech giants are reeling under what looks like a sustained Big Brother assault on innovation and enterprise.

The government is being deprived of tax on capital gains because of transfer of shares of local companies at face value, although net value per share remains higher than the book value, said the ICAB yesterday.

Bangladesh Cement Manufacturers Association (BCMA) wants the next national budget to do away with a non-adjustable 3 per cent income tax and 3 per cent tax at the supply stage, saying this would help keep prices stable.

Clients faced difficulties to settle inter-bank transaction through different digital modes between 6pm and 8pm on Saturday in the wake of an electrical problem faced by the central bank’s National Payment Switch Bangladesh (NPSB).