IMF says risks to financial stability have increased, calls for vigilance

The IMF, which has predicted global growth of 2.9 per cent this year, is slated to release new forecasts next month.
26 March 2023, 13:11 PM

Factbox: The biggest financial crises of the last four decades

Markets have experienced massive upheaval in the last month, prompted in part by two of the three largest banking failures in US history while Swiss lender Credit Suisse was bought by rival UBS Group AG (UBSG.S) in a merger engineered by Swiss regulators.
26 March 2023, 07:32 AM

Valley National bidding for Silicon Valley Bank, Bloomberg reports

Valley National Bancorp (VLY.O) is vying to buy Silicon Valley Bank (SIVB.O), Bloomberg News reported on Saturday.
26 March 2023, 05:35 AM

Central banks must enhance transparency to build trust

The Bank of Canada published a detailed summary of its Governing Council deliberations for the first-time last month, joining nearly two dozen other central banks in regularly releasing detailed information on monetary policy decisions.
26 March 2023, 05:05 AM

Russians reluctantly embrace Chinese cars after Western brands depart

As the exodus of Western carmakers narrows options for Russian consumers, Chinese automakers are filling the gap, forcing Russians to overcome their reluctance to embrace Chinese brands and stomach higher prices.
25 March 2023, 08:37 AM

Explainer: What are AT1 bonds and why are Credit Suisse's wiped out?

Financial markets have been thrown a fresh curve ball by the decision to write down 16 billion Swiss francs ($17.5 billion) of Credit Suisse bonds, known as Additional Tier 1 or AT1 debt, to zero as part of a forced rescue merger with UBS (UBSG.S).
25 March 2023, 08:09 AM

Amazon, other retailers revamp 'free' shipping as costs soar

There is no such thing as free shipping. Even so, Amazon.com Inc (AMZN.O) and other online retailers who use so-called free delivery to cultivate customer loyalty are scrambling to keep it from draining profits as costs climb and e-commerce contracts.
25 March 2023, 05:46 AM

Germany's Deutsche Bank tumbles as jittery investors seek safer shores

Shares of Germany's largest bank Deutsche Bank plunged on Friday as investors fretted that regulators and central banks have yet to contain the worst shock to the sector since the 2008 global financial crisis.
25 March 2023, 05:18 AM

Dollar slips as Fed outlook shifts

The dollar was under pressure near seven-week lows on Thursday after the US Federal Reserve sounded close to calling time on interest rate hikes, which markets think are more or less over.
23 March 2023, 06:37 AM

US Federal Reserve raises interest rates amid global banking turmoil

The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs amid recent turmoil in financial markets spurred by the collapse of two US banks
22 March 2023, 19:17 PM

Jewellers cut gold prices by Tk 1,166 a bhori

From tomorrow, a 22-carat gold will cost Tk 97,627 a bhori
21 March 2023, 15:08 PM

Banglalink plans to go public

The telecom service provider will offload 10% shares through IPO
21 March 2023, 14:18 PM

Indian businesses keen to invest heavily in Bangladesh

The leaders of Bharat Chamber of Commerce say
21 March 2023, 12:46 PM

Exporters to get cash incentive until 2026: Ghosh

Bonded warehouse facility to be introduced for 10 more sectors
20 March 2023, 11:15 AM

Relief over Credit Suisse deal crumbles as focus shifts to bond risks

Banking stocks tumbled on Monday as initial relief over a historic state-backed rescue of troubled lender Credit Suisse by Swiss rival UBS Group gave way to new worries about the risks of high-yield debt issued by big banks.
20 March 2023, 07:06 AM

Analysis: UBS swallows Credit Suisse, casting shadow over Switzerland

UBS Group (UBSG.S) emerged as Switzerland’s one and only global bank with a state-backed rescue of its smaller peer Credit Suisse, a risky bet that makes the Swiss economy more dependent on a single lender.
20 March 2023, 06:20 AM

UBS to take over Credit Suisse to stem global crisis of confidence

UBS will take over Credit Suisse, Swiss authorities said on Sunday, in a deal to combine Switzerland's top two banks designed to contain a widening crisis of confidence in global finance
19 March 2023, 19:12 PM
18 March 2023, 13:17 PM

UBS in talks to acquire Credit Suisse -FT

Banking giant UBS (UBSG.S) is in discussions to take over all or parts of Credit Suisse (CSGN.S), with the boards of Switzerland's two biggest lenders set to meet separately over the weekend, the Financial Times reported on Friday.
18 March 2023, 06:22 AM

Cepa could be a game-changer for Indo-Bangla trade, says Indian envoy

The planned comprehensive economic partnership agreement (Cepa) could be a game-changer for both India and Bangladesh in terms of trade, said Indian High Commissioner Pranay Verma yesterday.
16 March 2023, 14:25 PM