Govt grants Tk 3,000 crore loan for ICB to stabilise capital market

The interest rate of the approved loan was fixed at the variable bank rate
17 December 2024, 06:32 AM

Bitcoin rallies past $107,000, hopes grow for strategic reserve

Bitcoin , the world's biggest and best known cryptocurrency, extended gains to a session high of $107,148
17 December 2024, 05:30 AM

Trump touts $100 bn SoftBank investment, vowing 100,000 jobs

Speaking alongside Trump, Son confirmed the investment company's financial commitment, adding that Trump's victory had "tremendously increased" his confidence in the US economy.
17 December 2024, 05:22 AM

Oil drops from highest in weeks, focus on Fed rate cuts

Falls were limited, however, by concerns of supply disruptions in the event of more US sanctions on major suppliers Russia and Iran
16 December 2024, 08:30 AM

US case against Gautam Adani appears strong but extradition unlikely, experts say

Adani, his nephew Sagar Adani, and another Adani Group executive were charged with securities fraud and conspiracy
16 December 2024, 08:23 AM

Bitcoin surges above $106,000 on strategic reserve hopes

Bitcoin , the world's biggest and best known cryptocurrency, hit a high of $106,533 and last traded up 3.2 percent to $104,462
16 December 2024, 05:53 AM

US Fed expected to cut rates in last meeting of Biden era

The Fed is also tipped to signal a slower path of cuts going forward amid uncertainty over the impact of President-elect Donald Trump's economic proposals
16 December 2024, 05:47 AM

China's retail sales weaken, miss forecasts in November

Retail sales expanded three percent year-on-year in November, the National Bureau of Statistics (NBS) said, slowing from a 4.8 percent rise in October that was its best reading in eight months.
16 December 2024, 05:43 AM

Maddhapara Granite Mining becomes dependent on loans for declining sales

The lone hard rock mining company under Petrobangla is now even selling its produce at Tk 500 lower than production cost
15 December 2024, 13:32 PM

Taskeen Ahmed, new president of Dhaka Chamber

The leading trade body also gets new senior vice president and vice president
15 December 2024, 10:38 AM

Moody's downgrades France credit rating to Aa3

Moody's cited France's "political fragmentation" in its decision, which comes after parliament ousted Michel Barnier's government in a historic no-confidence vote following a standoff over an austerity budget
15 December 2024, 05:26 AM

UK officially joins Indo-Pacific trade bloc

The UK is officially now the 12th member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
15 December 2024, 05:23 AM

Heavy rains to hit Malaysian palm oil output again in December, says MPOB

Lower output in Malaysia would curb inventories in the country and further boost benchmark futures , which are already near their highest levels in about 2-1/2 years
14 December 2024, 08:31 AM

India's rice stocks surge to record high, boosting export prospects

Rice reserves, including unmilled paddy, in state granaries totalled 44.1 million metric tons on Dec. 1 against a government target of 7.6 million tons, data compiled by the Food Corporation of India showed.
14 December 2024, 08:27 AM

Yellen won't rule out sanctions on Chinese banks, curbs on 'dark fleet' oil tankers

Earlier this week, Yellen said softness in the oil market presents an opportunity for more sanctions
14 December 2024, 06:34 AM

UK economy unexpectedly shrinks again in October

Gross domestic product fell 0.1 percent in October compared with September, when output declined by the same amount, the Office for National Statistics (ONS) said
14 December 2024, 06:30 AM

Sri Lanka says Adani port project to continue despite US charges

Sri Lankan ports minister Bimal Ratnayake said the allegations against Adani had no bearing on the deep-sea container terminal project in the capital Colombo.
14 December 2024, 06:26 AM

US consumer inflation accelerates for second straight month in November

The consumer price index (CPI) rose to 2.7 percent last month from a year ago
12 December 2024, 05:43 AM

US-China officials to hold economic talks before Trump return

Economic and trade tensions between Washington and Beijing have continued to flare during Biden's time in office.
12 December 2024, 05:39 AM

Chinese authorities are considering a weaker yuan as Trump trade risks loom

The contemplated move reflects China's recognition that it needs bigger economic stimulus to combat Trump's threats of punitive trade measures, people with knowledge of the matter said
11 December 2024, 10:20 AM