Chinese company Kaixi Lingerie Bangladesh Company Ltd is going to set up a composite garments factory with an investment of $60.85 million at the Bangladesh Export Processing Zones Authority’s (Bepza) economic zone in Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram.

Apple Inc expects lower shipments of high-end iPhone 14 models than previously anticipated following a significant production cut at a virus-blighted plant in China, dampening its sales outlook for the year-end holiday season.

China’s exports and imports unexpectedly contracted in October, the first simultaneous slump since May 2020, as a perfect storm of Covid curbs at home and global recession risks dented demand and further darkened the outlook for a struggling economy.

Crystal Grains launched its spice brand “Chef’s Choice” in Bangladesh market to make people’s life easier and more comfortable, especially for the working women. 

Oil prices settled up by more than 5 per cent on Friday amid uncertainty around future interest rate hikes by the US Federal Reserve, while a looming EU ban on Russian oil and the possibility of China easing some Covid restrictions supported markets.

A sputtering US stock rally faces a double dose of potentially market moving events next week: US midterm elections and inflation data that could influence the Federal Reserve’s monetary policy.

America will continue to be a major export destination for apparel items made in Bangladesh as Washington is working with Dhaka to improve the condition at the factories in the country, said a senior official of the US. 

India’s foreign exchange reserves rose to $531.08 billion in the week through October 28, marking their biggest weekly gain since September 2021, the Reserve Bank of India’s (RBI) weekly statistical supplement showed on Friday.

Italy’s new government unveiled its first public finance targets on Friday, hiking borrowing to finance support measures for families and firms struggling with sky-high energy costs.

Russia wants the West to ease restrictions on state agriculture lender Rosselkhozbank to facilitate Russian grain exports, according to four sources familiar with the request, made during talks to extend a deal on food shipments from Ukraine.

Investors put money into cash at the fastest pace at the start of a quarter since the 2020 Covid crisis in the week to Wednesday, as heightened volatility and questions over the US rate outlook triggered a safe-haven dash, BofA Global Research said on Friday.

A section of unscrupulous traders has been trying to make the basic commodity market unstable by creating a syndicate when the international prices of essentials went up, Commerce Minister Tipu Munshi said today.

RFL Group today launched Rainbow Spray Paint to grab a pie of the Tk 600 crore local market and cut the country’s import dependency for the product.

Investors trying to navigate this year’s relentless interest rate rises have more reasons to play it safe, after a pessimistic message from the US Federal Reserve clouded the outlook for asset prices.

The Bank of England on Thursday announced its biggest interest rate hike since 1989 to combat sky-high inflation that it warned was pushing Britain into a recession set to last until mid-2024.

The US trade gap widened in September after five straight months of decline, government data showed Thursday, on cooling food and energy exports while imports of products like semiconductors and consumer goods picked up.

Turkish annual inflation climbed to a new 24-year high of 85.51 per cent in October, official data showed on Thursday, slightly below forecast, after the central bank cut its policy rate despite surging prices.

The Federal Reserve raised interest rates by three-quarters of a percentage point again on Wednesday and said its battle against inflation will

Sugar prices increased in the local markets as millers could not refine raw sugar due to shortage of gas, Commerce Minister Tipu Munshi said today.

Bangladesh Bank has relaxed the age limit for job-seekers in the banking sector due to the impacts of the coronavirus pandemic on the recruitment process.