The world’s top central banks may need longer to get inflation back down to target and a fresh bout of financial turbulence could make the process even more protracted, the International Monetary Funds second-in-command said on Monday.

The US dollar’s protracted smile is making China and Japan uncomfortable.

Japan is leaning towards extending support measures for gas and electricity bills set to expire at the end of September, three government and ruling party sources with knowledge of the matter told Reuters on Tuesday, aiming to underpin a fragile economy.

The dollar rose to a seven-month high against the yen on Tuesday before paring its gains, with investors on the look-out for possible intervention by Japan to boost the ailing currency.

Orders of big-ticket manufactured items continued to defy expectations to rise again in May, fueled by a sharp jump in orders for transportation equipment, according to US government data released Tuesday.

Germany, France and Italy said Monday they would cooperate more closely on the procurement of raw materials as Europe seeks to reduce its reliance on imports from countries such as China.

New home sales in the United States surged unexpectedly in May, the Commerce Department said Tuesday, reaching the highest rate in over a year despite efforts to cool the economy.

Bitcoin, the currency created to subvert the financial establishment, has shaken off weeks of sickness with the support of Wall Street’s finest.

Chinese Premier Li Qiang slammed efforts in the West to  “de-risk” their economies as a  “false proposition” on Tuesday, hitting back against US and EU policy aimed at reducing their reliance on China.

More workers are expected to head to the chopping block in the Indonesian textile industry later this year, as companies face a prolonged slowdown in the export market.

German business morale worsened for the second consecutive month in June, a survey showed on Monday, indicating that Europe’s largest economy faces an uphill battle to shake off recession.

Companies around the world will soon have a uniform set of standards on sustainability issues after the body governing international accounting rules published on Monday its first guidelines on reporting greenhouse gas emissions.

Sri Lankan authorities have declared a five-day closure of financial markets from Thursday ahead of a controversial move to restructure the government’s domestic debt amounting to more than $51 billion.

Bankers yesterday hiked dollar purchase rate for the exporters in their bid to come to a unified rate for the greenback by September this year.

The country’s foreign exchange reserves rose past $31 billion yesterday after three multilateral lenders provided $925 million to Bangladesh. 

They will get Tk 107.5 for a dollar from July 2

The garment makers' platform sits with EU ambassador today

Bangladesh’s shipment to Russia fell nearly 30 per cent year-on-year to $432 million in July-May of the outgoing financial year owing to the difficulty in supplying goods to a country at war with Ukraine. 

Bitcoin, the world’s largest cryptocurrency, hit a one-year high on Friday at $31,458, capping off a week of gains helped in part by BlackRock’s plans to create a bitcoin exchange-traded fund even as the digital asset sector faces US regulatory scrutiny.    

Vietnam’s exports of fruits and vegetables are expected to be worth US$4 billion this year.