UK budget: Economy set to avoid recession this year, Hunt says

Britain's economy is set to avoid a recession in 2023, finance minister Jeremy Hunt said on Wednesday as he began a budget speech that was expected to include measures to speed up economic growth.
15 March 2023, 13:28 PM

SVB says Goldman Sachs was the buyer of portfolio it booked losses on

SVB Financial Group (SIVB.O) said on Tuesday that Goldman Sachs Group Inc (GS.N) was the acquirer of a bond portfolio on which it booked a $1.8 billion loss, a transaction that set in motion the failure of SVB.
15 March 2023, 06:39 AM

Bangladesh exports two-thirds of its textile waste a year

The country would be able to save $500 million a year in imports if all the cotton waste is recycled domestically
14 March 2023, 12:42 PM

Russia agrees to 60-day Ukraine grain deal extension

Moscow said it would not oppose prolonging the so-called Black Sea Grain Initiative aimed at easing the global food crisis
14 March 2023, 11:39 AM

Oil prices continue slump in fallout from SVB shutdown

Oil prices dropped more than $2 a barrel on Tuesday, extending the previous day's slide, as the collapse of Silicon Valley Bank rattled equities markets and sparked fear about a fresh financial crisis.
14 March 2023, 10:33 AM

Moody's downgrades Signature Bank to junk, places six US banks under review

Ratings agency Moody's on Monday downgraded the debt ratings of collapsed New York-based Signature Bank (SBNY.O) deep into junk territory and placed the ratings of six other U.S. banks under review for a downgrade.
14 March 2023, 10:22 AM

Japan runs record current account deficit in January

Japan logged its largest current account deficit ever in January as a combination of global slowdown and China's Lunar New Year holidays undermined the country's ability to earn from trade.
8 March 2023, 05:59 AM

India's oil deals with Russia dent decades-old dollar dominance

US-led international sanctions on Russia have begun to erode the dollar's decades-old dominance of international oil trade as most deals with India - Russia's top outlet for seaborne crude - have been settled in other currencies.
8 March 2023, 05:41 AM

Robi’s r-ventures 3.0 contest ends on high note

Eight start-ups to get Tk 8 crore investment
6 March 2023, 15:13 PM

BB moves to ensure timely encashment of export proceeds

The step may increase the supply of the US dollar in the forex market
6 March 2023, 12:22 PM

'France keen to help Bangladesh meet green investment needs'

AFD Executive Director Philippe Orliange says
5 March 2023, 14:01 PM

Adani group gets $1.87b investment from US boutique firm GQG

US boutique investment firm GQG Partners has bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller's critical report sparked a stock rout..The group's seven listed companies have lost some $135 bi
2 March 2023, 14:59 PM

LC restrictions cut fruit imports by 38%

Bangladesh's fruit imports fell 37.79 per cent year-on-year to $157.38 million in the July-January period
28 February 2023, 14:56 PM

‘Never be complacent, take up new challenges to achieve perfection’

Chowdhury believes this has been the story behind success in the recent years for LafargeHolcim Bangladesh
28 February 2023, 13:59 PM

India bans oil tankers, bulk carriers older than 25 years

The world's third-largest greenhouse gas emitter looks to cut emissions and reduce the average age of its fleet
28 February 2023, 12:54 PM

Gold prices reduced further

22-carat gold will now cost Tk 91,095, down from Tk 92,263 made effective on February 5
26 February 2023, 15:24 PM

Bangladesh now home to world’s best green factory

Green Textile Limited Unit 4, a joint concern of Epic Group and Envoy Legacy of Bangladesh, scored 104 out of 110, highest in the globe
25 February 2023, 14:57 PM

Biden nominates ex-Mastercard CEO Ajay Banga to lead World Bank

Banga is Indian-American and currently serving as vice chairman at equity firm General Atlantic
23 February 2023, 15:13 PM

'Businesses should be more competitive for post-LDC era'

Senior Commerce Secretary Tapan Kanti Ghosh says at DCCI seminar
23 February 2023, 11:36 AM

West Bengal wants to invest in Bangladeshi economic zones

A 20-member team of Bengal Chamber of Commerce and Industry is now visiting Bangladesh
20 February 2023, 14:57 PM