UK energy bills to fall again

The price cap on energy bills for most British households is to fall again, regulator Ofgem announced on Friday, offering mild relief amid the ongoing cost-of-living crisis.
26 August 2023, 18:00 PM

German business morale declines

German business sentiment fell for the fourth month in a row in August, a key survey showed Friday, deepening the sense of gloom in Europe’s biggest economy.
26 August 2023, 18:00 PM

Dollar holds steady

The US dollar held steady on Friday, on pace to finish the week strong, after Federal Reserve Chair Jerome Powell said the central bank may need to raise interest rates further to ensure inflation is contained but promised to move “carefully” at upcoming meetings.
26 August 2023, 18:00 PM

Investors see long wait for economic boon

The expansion of the BRICS group of developing countries could provide a lifeline to capital-starved new entrants Iran and Argentina, but investors and analysts say a broader economic boon for the bloc’s members is far from certain.
26 August 2023, 18:00 PM

Oil futures up 1%

Oil futures climbed about 1 percent to a one-week high on Friday as US diesel prices soared, the number of oil rigs dropped, and a fire broke out at a refinery in Louisiana.
26 August 2023, 18:00 PM

Executive Motors brings BMW electric vehicle

Executive Motors Limited yesterday unveiled the BMW iX3 M Sport, the first-ever electric vehicle from BMW, for the Bangladesh market.
26 August 2023, 18:00 PM

New Indian duty unlikely to affect local rice market

Rice millers say Bangladesh has 'adequate' rice stock
26 August 2023, 16:22 PM

Investors see long wait for enlarged BRICS' economic boon

The expansion of the BRICS group of developing countries could provide a lifeline to capital-starved new entrants Iran and Argentina, but investors and analysts say a broader economic boon for the bloc's members is far from certain..Leaders of the BRICS - Brazil, Russia, India, China and S
26 August 2023, 11:51 AM

India expands curbs on rice exports

The country imposes 20% duty on parboiled grade
26 August 2023, 11:18 AM

Indian farmers ramp up rice acres

It is 4.3% higher than last year
26 August 2023, 11:06 AM

Fitch downgrades China’s debt-hit Country Garden

Fitch has downgraded to junk the credit rating of a subsidiary of Chinese property giant Country Garden, citing “heightened liquidity pressure” at the troubled firm.
24 August 2023, 18:00 PM

Oil price steadies

Oil prices steadied after earlier declines on Thursday caused by disappointing economic data from key economies, with investors awaiting a speech by US Federal Reserve Chair Jerome Powell on Friday for clues on interest rate moves.
24 August 2023, 18:00 PM

US jobless claims fall

The number of Americans filing new claims for unemployment benefits fell last week, as labour market conditions remained tight despite the Federal Reserve’s aggressive interest rate hikes.
24 August 2023, 18:00 PM

India’s diesel export to Singapore set to jump

India’s diesel exports to Singapore are set to hit a 19-month high in August and exceed 330,000 metric tons, boosted by cheaper freight costs and low inventories in the Asian oil hub, traders and analysts said.
24 August 2023, 18:00 PM

Kuwait’s economic recovery faces risks

Kuwait’s economic recovery is ongoing but risks to the oil producer’s outlook “remain substantial” and gridlock between the government and parliament continues to delay reforms, the International Monetary Fund said on Wednesday.
24 August 2023, 18:00 PM

Sri Lanka orders lending rate cap

Sri Lanka’s central bank on Thursday capped maximum lending rates after accusing commercial banks of failing to pass on benefits of a relaxed monetary policy to borrowers.
24 August 2023, 18:00 PM

Saudi Arabia may cut oil output further

Saudi Arabia will likely roll over a voluntary oil cut of 1 million barrels per day for a third consecutive month into October, five analysts said, amid uncertainty about supplies and as the kingdom targets drawing down global inventories further.
24 August 2023, 18:00 PM

Local gold price hits historic high

From tomorrow, a bhori of 22-carat gold will cost of Tk 101,243
24 August 2023, 14:15 PM

Bangladesh to import onion from 9 more countries

The countries are: China, Egypt, Pakistan, Qatar, Turkey, Myanmar, Thailand, the Netherlands and the UAE
24 August 2023, 11:32 AM

Pandemic, inflation push 68 million more in Asia into extreme poverty: ADB

Developing Asia consists of 46 economies in the Asia-Pacific and excludes Japan, Australia and New Zealand.
24 August 2023, 11:10 AM