Remittance plunged 21.47% in August

It came down to $1.59 billion from last year August's $2.03 billion
3 September 2023, 10:55 AM

China will widen market access for the service industry, Xi says

Chinese President Xi Jinping said on Saturday that China would widen market access in the service industry and promote cross-border services trade.
3 September 2023, 10:21 AM

US jobless rate jumps

US job growth picked up in August, but the unemployment rate jumped to 3.8 percent and wage gains moderated, suggesting that labour market conditions were easing and cementing expectations that the Federal Reserve will not raise interest rates this month.
2 September 2023, 18:00 PM

India’s rice area grows on higher prices

Indian farmers have planted 39.8 million hectares (98.3 million acres) with rice, up 3.7 percent on the same period last year, farm ministry data showed on Friday, as record high prices prompted farmers to expand the area.
2 September 2023, 18:00 PM

Dollar gains after mixed jobs report

The dollar gained against the euro and Japanese yen on Friday after the August jobs report showed a still strong labour market, despite some signs of deterioration.
2 September 2023, 18:00 PM

India cuts windfall tax on crude

The Indian government will cut the windfall tax on petroleum crude to 6,700 rupees ($81.03) per metric ton from 7,100 rupees starting on Saturday, according to a government notification issued on Friday.
2 September 2023, 18:00 PM

India’s factory activity hits 3-month high

India’s factory growth accelerated at the fastest pace in three months in August, driven by strong growth in new orders and output, according to a private survey that however also showed job creation was at a four-month low.
2 September 2023, 18:00 PM
2 September 2023, 14:06 PM

Bangladesh can export $500 million flowers a year: minister

Govt opens a wholesale flower market in Dhaka's Gabtoli
2 September 2023, 12:43 PM

Why is China's economy slowing down and could it get worse?

China's economic growth is slowing down as policymakers try to fix a property market downturn, with troubles at major developer Country Garden in focus. Concerns are mounting over whether the world's second-largest economy is coming closer to a crunch point:
2 September 2023, 08:59 AM

Oil rises to highest in over seven months on supply worries

Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies.
2 September 2023, 08:46 AM

US unemployment rate spikes to 3.8%; labor market still has momentum

US job growth picked up in August, but the unemployment rate jumped to 3.8 percent and wage gains moderated, suggesting that labor market conditions were easing and cementing expectations that the Federal Reserve will not raise interest rates this month.
2 September 2023, 07:58 AM

China factory activity shrinks

China’s factory activity contracted for a fifth straight month in August, official data showed on Thursday, as pressure mounts on Beijing to offer more policy support to bolster its sluggish economy.
31 August 2023, 18:00 PM

Global rice supplies tighten after India export ban

Rice prices in key exporting countries including Thailand and Vietnam have climbed around 20 percent since India, the world’s biggest shipper of the grain, banned shipments of a key variety in July, tightening global supplies.
31 August 2023, 18:00 PM

Chinese exporters using currency swaps to retain dollars

Chinese exporters are using a complicated currency swap strategy to avoid converting their dollar earnings into yuan for fear of losing out on potential gains in the US currency, official data and conversations with companies show.
31 August 2023, 18:00 PM

Banks hike dollar rates

Tk 109.5 for purchase, Tk 110 for sell
31 August 2023, 15:11 PM

Gazprom reports sharp net income decline

Russian gas giant Gazprom reported Tuesday an 8.5-fold drop in its net income for the first six months of the year as Europe moves away from Moscow’s energy supplies over Ukraine.
30 August 2023, 18:00 PM

EU fossil fuel energy output hits record low

The European Union’s fossil fuel energy production hit a record low in the first half of the year, think tank Ember Climate reported Wednesday, although green sources are struggling to fill the gap.
30 August 2023, 18:00 PM

India allows exports of rice trapped at ports

India has allowed traders to ship out their non-basmati white rice cargoes sitting at ports due to a sudden ban on exports of the category, a government order said late on Tuesday.
30 August 2023, 18:00 PM

Asian crops output forecast lower as El Nino strengthens

An unusually dry August has taken a toll on cereal and oilseed crops in Asia as El Nino intensified, and forecasts for lower rainfall in September are further threatening to disrupt supplies.
30 August 2023, 18:00 PM