US job market bounces back from impact of strikes, hurricanes

The labour market's resilience is driving the economy through strong consumer spending, with the closely watched employment report from the Labor Department on Friday showing solid wage growth last month
7 December 2024, 10:41 AM

Walmart, Amazon holiday spending rise as Target, Best Buy stumble, data shows

Holiday shoppers largely browsed at brick-and-mortar stores, making more online purchases at some retailers, snapping up such items as pre-owned Rolex watches,
7 December 2024, 05:09 AM

US Fed officials warn of ongoing risks from elevated inflation

The Federal Reserve has a dual mandate from Congress to keep both inflation and unemployment under control, and recently began rolling back high interest rates in order to better support the labor market
7 December 2024, 05:05 AM

BSC issues tender to dispose of two old oil tankers

The Bangladesh Shipping Corporation (BSC) has finally taken steps for the disposal of two of its oldest oil tankers, which, according to experts, had become unfit by 2015.
5 December 2024, 20:20 PM

LC margin bar withdrawn for crisis-hit six banks

They are: IBBL, FSIBL, SIBL, Union, Global Islami, Bangladesh Commerce
5 December 2024, 19:38 PM

MGI’s concern, ADB sign $20 million loan deal for flour milling plant

The plant will produce 660,000 tonnes of wheat with 37% less electricity than regular
5 December 2024, 11:18 AM

Grains for gold: Indian export curbs drive boom in barter smuggling

The practice of smuggling gold to buy grain has persisted even after India, the world's second-largest gold consumer, slashed 9 percentage points from its import duty in July, taking it to the lowest in more than a decade
5 December 2024, 10:38 AM

Britain approves $19 billion Vodafone-Three mobile merger

The Competition and Markets Authority had previously said the deal could push up customer prices, but it later accepted that a pledge by the two companies to invest in 5G networks and offer protections for retail and wholesale customers were enough to ease its concerns.
5 December 2024, 07:44 AM

Mystery, volatility, Trump: the Bitcoin phenomenon

Donald Trump won the US election promising to make the country the "bitcoin and cryptocurrency capital of the world":
5 December 2024, 06:15 AM

Bitcoin hits $100,000 for first time

The digital unit has advanced more than 50 percent since the tycoon's poll win -- and around 134 percent since the turn of the year
5 December 2024, 03:15 AM

China curbs exports of key chipmaking components to US

Beijing said Tuesday it would restrict exports to the United States of some key components in making semiconductors, after Washington announced curbs targeting China’s ability to make advanced chips.
4 December 2024, 18:00 PM

6-day furniture fair begins in Chattogram

28 companies are taking part in the event
4 December 2024, 12:53 PM

Bangladesh's new LNG purchase policy draws Shell, BP, Glencore and Aramco

Bangladesh made its first LNG import in 2018, bought 5.2 million metric tons in 2023, up 19 percent from the previous year
4 December 2024, 11:24 AM

China curbs exports of key chipmaking components to US

Among the materials banned from export are metals gallium, antimony and germanium, Beijing's commerce ministry said in a statement that cited "national security" concerns
4 December 2024, 07:32 AM

Developing countries face record foreign debt costs: World Bank

The high cost of servicing foreign debt has pushed many developing countries to borrow more money from multilateral institutions like the World Bank, stretching their finances
4 December 2024, 05:28 AM

S.Korea says to provide liquidity to stabilise markets after turmoil

Equities sank more than two percent in Seoul and the won initially plunged to a two-year low against the dollar after the dramatic move, which stunned traders already concerned about the state of Asia's number-three economy.
4 December 2024, 05:21 AM

PDB can save $1.2 billion a year by fixing core problems: IEEFA

The global energy think-tank suggested shifting half of Bangladesh’s existing industrial demand to the grid
4 December 2024, 05:01 AM

Rupee drops to all-time low

The Indian rupee declined to a lifetime low on Tuesday, pressured by the US dollar’s rally against its major peers and on concerns over the Asian country’s slowing growth rate.
3 December 2024, 18:00 PM

$6 billion foreign loan commitments may come by June: finance adviser

The commitments will come from multiple sources, including World Bank, IMF, ADB, Opec
3 December 2024, 14:48 PM

Roadmap is there to implement ILO conventions: commerce adviser

EU Ambassador Michael Miller calls on the adviser
3 December 2024, 13:39 PM