The top rice exporter fears a production fall for late start of monsoon rains

Six major trade bodies in Bangladesh expressed their concern

But retail prices still unhurt by Russia’s grain deal exit

The deal, brokered by the United Nations and Turkey last July, aimed to alleviate a global food crisis by allowing Ukrainian grain blocked by the Russia-Ukraine conflict to be exported safely

A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered concern among Swiss historians.

Senior Commerce Secretary Tapan Kanti Ghosh says

Bangladesh is one of the nine guest countries of the summit this year

Germany’s coalition government, long divided among its parties on how far Berlin should go to insulate itself from its biggest trading partner, has finally published its first strategy on the People’s Republic. Europe’s largest economy made it clear it’s now aligning more with Brussels and Washington on everything from supply chain risks and technology export controls to human rights concerns, after years of viewing China primarily as a lucrative market.

Oil prices fell more than a dollar a barrel on Friday as the dollar strengthened and oil traders booked profits from a strong rally, with crude benchmarks recording their third-straight weekly gain.

India and the United Arab Emirates may announce the start of a rupee-dirham payment mechanism to settle bilateral trade during Prime Minister Narendra Modi's visit to Abu Dhabi on Saturday, industry and government sources said.

Russian oil exports from western ports are set to fall by some 100,000-200,000 barrels per day next month from July levels, a sign Moscow is making good on its pledge for fresh supply cuts in tandem with OPEC leader Saudi Arabia, two sources said on Friday, citing export plans.

United Nations Secretary-General Antonio Guterres is still waiting for a response from Russian President Vladimir Putin on a proposal to extend a deal allowing the safe Black Sea export of Ukraine grain beyond Monday, a UN spokesperson said on Friday.

China's exports fell the most in three years in June, slumping a worse-than-expected 12.4 per cent year-on-year, as signs mount of stress from the struggling global economy and Chinese policymakers face growing pressure for stimulus measures.

The Black Sea Grain Initiative, negotiated by the United Nations and Turkey, is an agreement that allows Ukraine to export millions of tonnes of grain through the Black Sea despite the ongoing war with Russia.

LCs were handed over to Tamim Agro, Shahjahan Mia, Nita Company and Abdul Matlub Ahmad

Bangladesh Bank is going to introduce dual currency Taka-Rupee card in September this year to allow travellers to make payments at home as well as in India

The move is likely give some respite to the importers since they will be able to open LCs in rupee to source a portion of the products from India

US Treasury Secretary Janet Yellen went to Beijing with no expectations that meetings with China's new top economic officials would immediately ease tensions between the world's two largest economies.

China's Ant Group has announced a surprise share buyback that values the fintech giant at $78.5 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a move that may let some investors exit.

The financial market rout last year caused widespread losses for sovereign money managers