Experts say at a seminar

Hiring in the United States heated up again in May, according to government data released Friday, with the strong labor market defying expectations of a slowdown amid efforts to cool the world’s biggest economy.

India’s foreign exchange reserves fell for a second consecutive week and stood at a one-month low of $589.14 billion as of May 26, the Reserve Bank of India’s (RBI) data showed on Friday.

China’s yuan has skidded to six-month lows against the dollar and analysts say it could weaken further as investors fret over a bumpy pandemic recovery in the world’s second-largest economy.

Opec and its allies begin two days of meetings on Saturday which may culminate in further production cuts of as much as 1 million barrels per day, Opec+ sources told Reuters, as the organisation faces flagging oil prices and a looming supply glut.

It declines to $589.14 billion as of May 26

The US Senate voted in favor of a bipartisan deal to suspend the government's $31.4 trillion (€29.4 trillion) debt ceiling on Thursday..The Senate approved the bill with a vote of 63-36 in a race against time after months of partisan disagreements between Democrats and Republicans. .

They discussed RMG sector's future development

Exporters, remittance recipients will get Tk 107 for $1

They are Brac Bank, City, Dutch-Bangla, Eastern, NCC, Premier and Mercantile

BTCCI president meets Thai envoy to Bangladesh

US consumer confidence slipped again in May, dragged down by a decline in how people perceive the job market, says a survey released Tuesday.

Sterling rose against a weaker dollar on Tuesday, but stickier than expected British inflation remains in focus ahead of a quiet week for the country’s data calendar.

India is considering cutting its import tax on solar panels by half and is seeking a rollback in goods and services taxes on the devices to make up a shortfall in local output amid rising demand for renewable energy, three government sources said.

The last great hope for China’s faltering post-pandemic rally is fading as the nation’s legion of small-time investors turns bearish on equities to double down instead on safer assets amid a stuttering economic recovery.

The Indian rupee inched lower on Tuesday, tracking the Chinese yuan-led decline on most Asian currencies, although losses were capped by portfolio inflows.

British shop price inflation picked up this month to reach its highest rate since industry records began in 2005, although growth in food prices cooled slightly, a survey showed on Tuesday.

Foreign investors who left Russia after selling their businesses there between March 2022 and March 2023 withdrew about $36 billion from the country, the state RIA news agency reported on Monday, citing analysis of data from the Central Bank.

Leading crude exporter Saudi Arabia is maximising refining profits by importing unprecedented amounts of cheap Russian diesel and in turn shipping record volumes to Singapore, where the fuel can achieve higher margins, shiptracking data shows.

The Turkish lira hit a record low beyond 20 against the dollar on Friday, ahead of this weekend’s presidential election runoff that will decide whether President Tayyip Erdogan extends his rule into a third decade.