Pakistan clinches last-gasp $3 billion IMF bailout

Pakistan secured a badly-needed $3 billion short-term financial package from the International Monetary Fund on Friday, giving the South Asian economy a much-awaited respite as it teeters on the brink of default.
1 July 2023, 06:28 AM

Oil rises on supply worries, US summer demand hopes

By 0613 GMT, Brent crude futures had climbed 67 cents to $74.85 a barrel, while US West Texas Intermediate (WTI) futures rose 73 cents to $70.10 a barrel. On Monday, Brent had climbed 0.5 per cent and the WTI 0.3 per cent.
27 June 2023, 06:36 AM

Dollar rate hiked for exporters

They will get Tk 107.5 for a dollar from July 2
26 June 2023, 13:30 PM

BGMEA again seeks extension of EU GSP

The garment makers' platform sits with EU ambassador today
26 June 2023, 12:53 PM

Oil climbs, rouble falls as markets take mutiny in stride

Brent crude futures were last up 0.2 per cent at $74.02 a barrel having earlier fetched as much as $74.80. The rouble dropped to a 15-month low early in Moscow.
26 June 2023, 06:25 AM

Honda recalling 1.3 million vehicles worldwide for rear camera issue

The recall covers some 2018-2023 Odyssey, 2019-2022 Pilot, and 2019-2023 Passport vehicles. Due to a faulty communication coaxial cable connector, the rearview camera image may not appear on the display.
24 June 2023, 07:06 AM

Amazon raises investment in India to $26 bln by 2030

Amazon.com Inc (AMZN.O) said on Friday it will take its investments to $26 billion in India by 2030, adding $6.5 billion in new planned investments in an announcement made after CEO Andy Jassy met Prime Minister Narendra Modi in the United States.
24 June 2023, 06:34 AM

Oil dips on demand worries as more rate hikes likely

In a second straight day of losses, Brent crude closed down 29 cents, or 0.4%, to $73.85 a barrel. US West Texas Intermediate (WTI) crude fell 35 cents, or 0.5%, at $69.16.
24 June 2023, 06:10 AM

Battle of billionaires: Musk's Starlink eyes India, Ambani resists

Following a meeting with Indian Prime Minister Narendra Modi in the US on Tuesday, Musk said he was keen to launch Starlink in India which "can be incredibly helpful" in remote villages that have no internet or lack high-speed services.
22 June 2023, 14:59 PM
22 June 2023, 14:32 PM

Factbox: Modi's US visit may encourage more American firms to invest in India

Indian Prime Minister Narendra Modi's visit to the United States may encourage more American companies to consider investing in the South Asian country as they look to reduce their reliance on China for manufacturing-related activities.
22 June 2023, 07:58 AM

Three former Credit Suisse CEOs accused of excessive risk-taking -court filing

A group of Credit Suisse AT1 bondholders has filed a class action suit accusing former executives at the Swiss bank, including three past chief CEOs, of being responsible for the bank's downfall.
22 June 2023, 07:44 AM

Swiss National Bank calls for new measures after Credit Suisse crash

The Swiss National Bank (SNB) on Thursday said it was crucial to draw lessons from the Credit Suisse crisis that led to the bank's downfall and forced rescue by rival UBS (UBSG.S) and consider measures that would prevent such events in the future.
22 June 2023, 06:01 AM

Forex reserves cross $30 billion

Thanks to higher inflow of remittances for Eid-ul-Azha
21 June 2023, 13:15 PM

CPD's Indo-Bangla strategic dialogue in Delhi from tomorrow

India's Ananta Aspen Centre are jointly organising the event with CPD
21 June 2023, 12:30 PM

BGMEA moves to utilise Jamdani for wider global presence

It gives special training to 160 students, weavers, Jamdani makers
21 June 2023, 11:46 AM

UK net debt passes 100% of GDP for first time since 1961

Britain's public sector net debt surpassed 100 per cent of gross domestic product in May as borrowing came in higher than expected, the Office for National Statistics said on Wednesday.
21 June 2023, 07:20 AM

Avail more foreign fund for project financing: PM

Prime Minister Sheikh Hasina asked the authorities concerned at Ecnec meeting
20 June 2023, 11:53 AM

Bangladesh's exports retain duty benefit to UK

The UK's landmark Developing Countries Trading Scheme comes into effect today
19 June 2023, 15:29 PM

'Time to diversify export basket to UK'

FBCCI president says at event on Bangladesh-UK trade
19 June 2023, 14:45 PM