Wheat prices down globally, rice price unchanged

Wheat and maize prices declined 11 per cent and 14 per cent, respectively, in the global markets in the past two weeks while rice prices have remained relatively unchanged, according to the World Bank’s Food Security Update.
9 May 2023, 18:00 PM

US banks may tighten lending standards on sector worries

US banks tightened lending standards in the first few months this year, and expect this to continue over the rest of 2023, said a Federal Reserve survey released on Monday.
9 May 2023, 18:00 PM

China’s exports seen rising in April

China’s exports were expected to have risen again in April, albeit at a less robust pace than a month earlier, a Reuters poll showed, supported by unfulfilled orders after last year’s Covid disruptions though slowing global growth is darkening the outlook.
8 May 2023, 18:00 PM

Airlines, unions in rare unity on US pilot diversity drive

The population of US airline pilots and engineers is currently 95.7 per cent white and 9.2 per cent female, according to US data.
8 May 2023, 11:52 AM

Asia poised to drive global economic growth riding on China’s reopening

Asia and the Pacific is a relative bright spot amid the more somber context of the global economy's rocky recovery, according to a blog of the International Monetary Fund.
8 May 2023, 07:40 AM

Germany mulls electricity price cap for industry

Germany’s Economy Minister Robert Habeck on Friday presented plans to cap the price of electricity used by energy-intensive industries to insulate the sector against sharp cost increases, but the proposal immediately sparked criticism.
7 May 2023, 18:00 PM

Rumee A Hossain re-elected as board executive committee chairman of Bank Asia

Rumee A Hossain has been re-elected as the chairman of the board executive committee of Bank Asia Limited at a meeting of the Board of Directors held recently.
7 May 2023, 18:00 PM

China forex reserves jump to $3.2tr

China’s foreign exchange reserves rose more than expected in April, official data showed on Sunday, as the dollar fell against other major currencies.
7 May 2023, 18:00 PM

US hiring shows surprise surge

Hiring in the United States picked up pace in April and unemployment returned to a multidecade low, government data showed Friday, signaling labor market resilience despite higher interest rates to tackle inflation.
7 May 2023, 18:00 PM

German recession fears rise as factory orders plummet

Industrial orders at German factories saw their biggest fall in March since the outbreak of the Covid pandemic in 2020, data showed Friday, the latest sign that Europe’s biggest economy is facing a steep downturn.
7 May 2023, 18:00 PM

Rising iPhone sales help Apple beat forecasts

Apple on Thursday said iPhone sales and money made from services powered quarterly earnings that beat forecasts, despite inflation pressure and the slowing global economy.
7 May 2023, 18:00 PM

PM offers economic zone to Bhutan for mutual benefits

Prime Minister Sheikh Hasina offered Bhutan a scope to build an economic zone in Bangladesh for mutual benefits during a meeting in London with Bhutanese King Jigme Khesar Namgyel Wangchuck and Queen Jetsun Pema. 
7 May 2023, 18:00 PM

China forex reserves rise to $3.205 trln in April

China's foreign exchange reserves rose more than expected in April, official data showed on Sunday, as the dollar fell against other major currencies.
7 May 2023, 07:22 AM

Higher costs, volatile dollar hit drug makers’ profits

Most of the listed pharmaceutical companies in Bangladesh logged lower profits despite higher sales in July-March of the current financial year owing to a spike in the cost of production. 
5 May 2023, 02:00 AM

Global gas markets to remain tight in 2023: IEA

Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian pipeline gas deliveries to Europe, the International Energy Agency (IEA) said on Thursday.
4 May 2023, 18:00 PM

Eurozone inflation sees surprise rise

Annual inflation in the eurozone rose to seven per cent in April, the EU’s statistics agency said Tuesday, the first increase after five consecutive months of declines.
2 May 2023, 18:00 PM

IMF raises Asia’s economic forecast on China recovery

The International Monetary Fund (IMF) raised Asia’s economic forecast on Tuesday as China’s recovery underpinned growth, but warned of risks from persistent inflation and global market volatility driven by Western banking-sector woes.
2 May 2023, 18:00 PM

Euro zone factory downturn deepens

Euro zone factory activity contracted further last month, albeit not by as much as initially thought, while the cost of raw materials fell at the fastest pace in nearly three years, a survey showed on Tuesday.
2 May 2023, 18:00 PM

US manufacturing contracts again

US manufacturing activity shrank again in April as companies continued to match slowing demand by cutting new orders, according to survey data released Monday.
2 May 2023, 18:00 PM

China factory activity cools in April

China’s manufacturing activity unexpectedly shrank in April, official data showed on Sunday, raising pressure on policymakers seeking to boost an economy struggling for a post-Covid lift-off amid subdued global demand.
30 April 2023, 18:00 PM