Dollar steadies

The dollar held mostly steady against the euro and the yen on Thursday, but dropped against the Australian dollar after domestic job data beat expectations, and against the yuan, which received a lift from Chinese monetary authorities.
20 July 2023, 18:00 PM

Nokia profit slides as US clients slash spending

Finnish telecommunications equipment maker Nokia reported a sharp fall in second-quarter profits on Thursday, dragged down by a drop in investment by North American mobile phone operators.
20 July 2023, 18:00 PM

Made In Russia?

The relaunch of a classic Soviet-era car, the Moskvich, by a state-owned company in November was celebrated by Moscow’s mayor as showing the resilience of Russia’s auto industry to Western sanctions.
20 July 2023, 18:00 PM

Oil prices decline on profit-taking

Oil prices edged lower on Wednesday, as investors took profits following earlier gains on tighter US crude supplies and China’s pledge to reinvigorate its economic growth.
20 July 2023, 18:00 PM

India bars non-basmati white rice export

India yesterday prohibited the export of non-basmati white rice with immediate effect after late seasonal monsoon rains hurt the crop and raised fears of a production shortfall, reports Reuters.
20 July 2023, 18:00 PM

Russia bombards Ukraine ports, threatens ships, jolting world grain markets

At least 27 civilians were reported hurt in the air strikes on the ports, which set buildings ablaze and damaged China's consulate in Odesa.
20 July 2023, 16:14 PM

Gold prices cross Tk 1 lakh a bhori for the first time

The rate will be effective from tomorrow
20 July 2023, 14:38 PM

India bans non-basmati rice export with immediate effect

The top rice exporter fears a production fall for late start of monsoon rains
20 July 2023, 14:02 PM

Govt implements 84.16% of ADP in FY23

The amount is 8.58 percentage points lower than the previous year
20 July 2023, 13:39 PM

The world's cheapest Domino's pizza is in inflation-hit India. It costs $0.60

The 49-rupee ($0.60) pizza in India, Domino's No.1 market outside America, is the tip of the spear in its fight against rampant inflation that's squeezing profits and pricing out many customers, according to the CEO of its franchisee there.
20 July 2023, 08:54 AM

Russian strikes continue on Ukraine's ports after Moscow warns ships

Russian strikes on Ukrainian port areas continued on Thursday, local authorities said, after Moscow warned that ships heading to Ukraine's Black Sea ports could be considered military targets.
20 July 2023, 08:25 AM

Chambers worried over Russia’s exit

The leaders of six major trade bodies in Bangladesh have expressed concerns over disruptions to the global supply chain of wheat following Russia’s exit from the Black Sea Grain Initiative on July 17.
19 July 2023, 18:00 PM

Nissan, Renault ready to announce new alliance deal

Nissan and Renault will make an announcement in the coming days on their restructured alliance and have finalised the deal, three people familiar with the matter said, capping 10 months of sometimes tense negotiations.
19 July 2023, 18:00 PM

Tata to invest over £4b in UK electric battery factory

Indian conglomerate Tata Group announced plans Wednesday to build a £4 billion ($5.2 billion) electric car battery factory in Britain to supply its Jaguar Land Rover brands, bolstering the country’s efforts to phase out fossil fuel vehicles.
19 July 2023, 18:00 PM

Why China could become the luxury industry’s next sore spot

The luxury goods industry has relied heavily on China and North America for growth in recent years, but latest Chinese economic figures and a disappointing sales update from Cartier-owner Richemont suggest both markets may be starting to slow.
19 July 2023, 18:00 PM

ADB cuts inflation forecast for developing Asia

The Asian Development Bank cut its inflation forecast for developing Asia on Wednesday, as food and fuel prices eased, supply chain disruptions waned and interest rate hikes started to bite.
19 July 2023, 18:00 PM

India should cash in on ‘China plus one’ strategy

India has an opportunity to cash in on global companies’ efforts to build factories outside China, the new World Bank president said on Wednesday, as firms seek to diversify their supply chains.
19 July 2023, 18:00 PM

Child labour rises by 4.5pc in a decade

The National Child Labour Survey 2022 finds
19 July 2023, 14:56 PM

Business leaders worried over Russia's exit from grain deal

Six major trade bodies in Bangladesh expressed their concern
19 July 2023, 12:20 PM

US industrial output falls

US industrial production fell by more than analysts expected last month, the Federal Reserve said Tuesday, with a sharp contraction in output seen in consumer durables like automotive products and carpeting.
18 July 2023, 18:00 PM