Migrant workers sent home $1.98 billion in October

Oil prices edged up in early Asian trade on Wednesday ahead of key global central bank meetings this week including the US Federal Reserve, as the market also closely watched the latest developments in the Israel-Hamas conflict.

Norah Nasimiyu knows the future of Kenya's garment trade, which has employed her for 13 years and helped her put six children through school and university, lies in the hands of the US Congress.

British oil giant BP said Tuesday it rebounded strongly into net profit in the third quarter after large accounting charges had pushed it into the red a year earlier.

Global gold demand excluding over-the-counter (OTC) trading slipped 6 percent in the third quarter as central bank buying fell short of last year’s record levels and consumption by jewellers declined, the World Gold Council (WGC) said on Tuesday.

Samsung Electronics  on Tuesday said it will continue to cut production to ease a chip supply glut, and gear up for 2024 when it expects industry-wide investment and production to focus on high-end chips for generative artificial intelligence.

Meta Platforms  said on Monday it will offer users in Europe a subscription plan to use Facebook and Instagram without advertisements to comply with the European Union regulations.

Exporters will get Tk 111 for a dollar, up from Tk 110.5

The Bangladesh chapter of IndustriALL says in a press briefing

China is set to import record volumes of wheat this year, trading sources say, with rain damage to its crop and worries over dry weather in exporting nations fuelling Beijing's appetite to buy while prices are low.

Global economic activity was mixed during the third quarter of 2023, with distinct signs of improvement in the United States and China but continued sluggishness elsewhere.

Toyota Motor  said on Monday that worldwide production rose 1.5 percent in September from the same period a year earlier to 900,919 vehicles, boosted by stronger demand in Japan, the United States and in Europe.

Garment workers urged not to resort to violence over rumour 

Group of Seven trade ministers took veiled swipes at China and Russia on Sunday while expressing concerns about the economic effect of the conflict in the Middle East.

Chevron  on Friday posted a third-quarter profit that missed Wall Street estimates by a wide margin, and its shares fell more than 5 percent.

Russia’s former President, Dmitry Medevedev, was quoted as saying on Sunday that cooperation with Europe in energy matters was frozen or pointless as European countries had fallen on hard times and had poor growth prospects.

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.

It will establish a branch named Daffodil Global in UAE

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.

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.