Investors on edge as Middle East conflict intensifies

Investors are watching for signs that the conflict in the Middle East may be escalate over the weekend, potentially ratcheting up volatility as investors await a Federal Reserve meeting and key U.S. data in the week ahead.
29 October 2023, 18:00 PM

Daffodil Computers to invest $50,000 in Dubai

It will establish a branch named Daffodil Global in UAE
29 October 2023, 12:31 PM

Australia ‘hopeful’ of EU trade deal

Australia’s trade minister says he is “hopeful” of striking a free trade deal with the European Union ahead of talks in Japan this weekend, more than five years after negotiations began.
28 October 2023, 18:00 PM

US economy grows faster than expected

The US economy heated up more than expected in the third quarter, government data showed on Thursday, as a resilient job market helped boost consumer spending, holding off the prospect of a recession.
28 October 2023, 18:00 PM

Dollar eases

The dollar edged down against a basket of currencies on Friday, pulled down by portfolio rebalancing, but was on track to end the week higher as fresh data reinforced the view the US economy remains on a firm footing.
28 October 2023, 18:00 PM

China’s industrial profits extend gains

Profits at China’s industrial firms extended gains for a second month in September, adding to signs of a stabilising economy as the authorities launched a burst of supportive policy measures.
28 October 2023, 18:00 PM

Huawei extends rebound

Chinese telecoms giant Huawei on Friday announced moderate sales growth for the first nine months of 2023, building on a recovery after its business was hit hard by US sanctions and the pandemic.
28 October 2023, 18:00 PM

India moves to curb onion exports

It raises minimum export price of onion by four times to $800 a tonne
28 October 2023, 14:27 PM

Bangladesh, Canada to work for higher bilateral trade

The fifth Bangladesh-Canada Foreign Office Consultations took place in Canada's Ottawa On October 27
28 October 2023, 12:19 PM

Oil prices up 3% on worries about Middle East supplies

Oil prices climbed about 3 percent to a one-week high on Friday on worries that tensions in Israel and Gaza could spread into a wider conflict that could disrupt global crude supplies.
28 October 2023, 07:13 AM

Dollar up

The US dollar rose to a near 1-week high against a basket of currencies on Wednesday, as investors’ appetite for riskier currencies faded following lacklustre corporate results that raised worries over the economic outlook, and as Treasury yields rose.
26 October 2023, 18:00 PM

Oil price declines

Oil prices fell on Thursday after a rise in US crude stockpiles and a climb in the dollar index, giving up some ground gained a day earlier when prices jumped on fears of a broader conflict in the Middle East.
26 October 2023, 18:00 PM

Oil price declines

Oil prices fell on Thursday after a rise in US crude stockpiles and a climb in the dollar index, giving up some ground gained a day earlier when prices jumped on fears of a broader conflict in the Middle East.
26 October 2023, 18:00 PM

US Q3 economic growth seen fastest in 2 years

The US economy likely grew in the third quarter at its fastest pace of any quarter in nearly two years, again defying dire warnings of a recession, as higher wages from a tight labor market helped to power consumer spending.
26 October 2023, 18:00 PM

Gold hits historic high of Tk 102,876 a bhori

The price will come into effect tomorrow
26 October 2023, 14:27 PM

Forex reserves fall further to $20.89 billion

It decreased by $60 million in a week
26 October 2023, 12:41 PM

US third-quarter economic growth seen fastest in nearly 2 years

The U.S. economy likely grew in the third quarter at its fastest pace of any quarter in nearly two years, again defying dire warnings of a recession, as higher wages from a tight labor market helped to power consumer spending.
26 October 2023, 06:19 AM

Visa profit beats estimates

Card giant Visa sailed past estimates for fourth-quarter profit on Tuesday as consumers on a post-pandemic travel rebound shrugged off worries of a looming economic slowdown and cost-of-living crisis.
25 October 2023, 18:00 PM

Weak euro zone lending adds to recession fears

Bank lending across the euro zone came to a near standstill last month, European Central Bank data showed on Wednesday, providing further evidence that the 20-nation bloc was skirting a recession.
25 October 2023, 18:00 PM

Israel-Hamas conflict a new cloud among many

The head of the International Monetary Fund (IMF) on Wednesday said the war between Israel and Hamas was another cloud on a horizon with plenty of them, warning that the global economic outlook could worsen.
25 October 2023, 18:00 PM