Oil prices down 1.5% on recession jitters

Oil prices steadied on Friday, but fell for the week on a stronger US dollar and fears that an economic slowdown would weaken crude demand.
2 March 2023, 18:00 PM

Global farm, cereal prices stable: WB

The agricultural, cereal, and export price indices remained stable in the two weeks to February 23, said the World Bank.
2 March 2023, 18:00 PM

Adani gets $1.87b investment from US firm

US boutique investment firm GQG Partners has bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller’s critical report sparked a stock rout.
2 March 2023, 18:00 PM

India’s factory growth slows to 4-month low

India’s manufacturing sector expanded at the slowest pace in four months in February but remained relatively strong amid buoyant domestic demand, despite higher inflationary pressures, a private survey showed on Wednesday.
1 March 2023, 18:00 PM

Rebounding dollar a growing headache for investors

Investors reeling from the recent volatility in global financial markets are eyeing another potential worry: a rebounding dollar.
1 March 2023, 18:00 PM

Saudi assures of help as Dhaka seeks duty benefit for 213 products

Saudi Arabia has assured Bangladesh of extending cooperation when it sought duty-free access for 213 products to the market of the kingdom.
1 March 2023, 18:00 PM

Adani to repay up to $790m share-backed loans by March

India’s Adani Group plans to prepay or repay share-backed loans worth $690 million to $790 million by March-end, two people with knowledge of the matter told Reuters, as the conglomerate seeks to burnish its credit profile after a short-seller attack.
28 February 2023, 18:00 PM

Argentina keen to boost trade with Bangladesh

Santiago Andres Cafiero, Argentina’s minister of foreign affairs, international trade and worship, yesterday expressed his country’s interest to boost economic relations with Bangladesh.
28 February 2023, 18:00 PM

Phone firms promise ‘tsunami of innovation’

The big beasts of the telecom industry kicked off their most important annual get-together in Barcelona on Monday, promising to lead a  “tsunami of innovation”, as they try to shrug off a major slump across the technology sector.
27 February 2023, 18:00 PM

Dollar slips but remains near 7-week high

The dollar slipped from a seven-week high on Monday, as investors took stock of last week’s strong U.S. economic data and the outlook for global interest rates.
27 February 2023, 18:00 PM

Oil rises on Russian supply jitters

Oil prices edged up in volatile trade on Monday, as Russia halted exports to Poland via a key pipeline ahead of a hefty supply cut announced for March, but a stronger dollar and fears of recession capped gains.
27 February 2023, 18:00 PM

South Korea sets export target of $685b this year

South Korean President Yoon Suk Yeol has set a target of exporting $685 billion worth of products this year, an increase of 0.2 per cent year-on-year, vowing to mobilise all the nation’s capabilities to achieve this goal at an export strategy meeting recently.
26 February 2023, 18:00 PM

DHL Express introduces network flight for Bangladesh

DHL Express has started operations for the first-ever network flight to and from Bangladesh to carry the country’s inbound and outbound shipments.    
26 February 2023, 18:00 PM

Europe’s energy security better than feared

Europe looks set to avert fuel shortages and end this winter in a position that, while not exactly comfortable, looks far better than was feared last autumn, after Russia curbed gas pipeline supplies dramatically.
26 February 2023, 18:00 PM

US dollar holds seven-week high

The dollar held a seven-week peak on Friday, as another round of data showing still-high inflation reinforced expectations that interest rates could stay higher for longer.
25 February 2023, 18:00 PM

India’s economic growth likely slowed further

India’s economic growth likely slowed further in the October-December quarter amid weakening demand and is set to lose more momentum as a series of interest rate hikes weigh on activity, according to a Reuters poll of economists.
25 February 2023, 18:00 PM

US consumer spending posts biggest gain in two years

US consumer spending increased by the most in nearly two years in January amid a surge in wage gains, while inflation accelerated, adding to financial market fears that the Federal Reserve could continue raising interest rates into summer.
25 February 2023, 18:00 PM

Germany seeks to deepen business ties with India

German Chancellor Olaf Scholz arrived in India on Saturday seeking to deepen business ties between the world’s number four and five economies and push for progress on an EU trade deal despite differences over Ukraine.
25 February 2023, 18:00 PM

World Bank promises ‘concessionality’ in debt restructuring

The World Bank will “provide as much concessionality to the debt treatment” for distressed economies as possible, its president told a meeting with the International Monetary Fund, India, China, and other creditor nations on Saturday.
25 February 2023, 18:00 PM

Japanese suppliers face price cut requests

Many small suppliers in Japan have received requests for price cuts from their clients despite rises in raw materials and other prices, according to a survey by a major labor group.
25 February 2023, 18:00 PM