Global Economy
Dollar on track for best quarter in a year
The dollar was on track to post its biggest quarterly gain in a year on Friday and gains for the 11th consecutive week as investors priced in the likelihood of a still solid economy and higher rates for longer.
Gold prices fall for second time in three days
From tomorrow, prices of each bhori of gold will be Tk 98,210
What could break under higher-for-longer interest rates?
As the final stretch of the year approaches, there's relief in markets that the sharpest global monetary tightening cycle in decades is finally nearing an end.
Republicans reject own funding bill, US government shutdown imminent
Hardline Republicans in the US House of Representatives on Friday rejected a bill proposed by their leader to temporarily fund the government, making it all but certain that federal agencies will partially shut down beginning on Sunday.
Oil prices climb
Oil prices rose by more than $1 a barrel on Wednesday as markets focused on supply tightness heading into winter and a "soft landing" for the US economy.
Toyota plans third India plant
Toyota Motor plans to build a third car plant in India, expanding production capacity in the country for the first time in over a decade as its partnership with Suzuki Motor boosts domestic volumes, two sources said.
Bangladesh slips three notches in Global Innovation ranking
The country was ranked 105th in the latest GII, down from 102nd a year ago
Indonesia bans goods transactions on social media platforms
Indonesia has banned goods transactions on social media platforms in a new regulation, its trade minister said Wednesday, as Jakarta aims to rein in direct sales on major platforms it says are harming millions of small businesses.
How serious is Russia's fuel export ban and who will be hit?
Russia said on September 21 it had temporarily banned gasoline and diesel exports to all but four ex-Soviet states in response to domestic shortages, a move that will disrupt global trade that has already had to adjust to Western sanctions on Russian fuel exports.
Shutdown looms as US Senate, House take dueling tacks on funding
The US Senate on Tuesday took a step forward on a bipartisan bill meant to stop the government from shutting down in just five days, while the House sought to push ahead with a conflicting measure backed only by Republicans.
Global aluminium output hits record high
Global production of primary aluminium hit an all-time high in August, with the world's smelters running at an annualised rate of 71.2 million metric tons..It was the second consecutive month that run-rates were above the 70-million metric ton mark. Prior to July the level had been exceede
‘BB governor worse performer than 70 countries’ central bank chiefs’
New York-based Global Finance magazine finds, reviews performance of central bank chiefs of 102 countries.
Nearly 22,000 MFS accounts blocked for hundi, online gambling
The BFIU says in a meeting with commercial bankers
No forward forex contract for over three months: BB
The forward forex rate will be Tk 113.85 a US dollar
None communicated yet regarding ACU payment restriction: BB
The Bangladesh Bank (BB) is yet to receive any official communication neither from the US authorities nor from the Asian Clearing Union (ACU) regarding restriction on processing payments linked to the ACU.
India to cut floor price for basmati rice exports - sources
India will cut the floor price for basmati rice exports in the coming days, sources familiar with the matter said, after millers and traders complained about a sharp drop in overseas sales of the premium aromatic grain.
How reform can aid growth and green transition in developing economies
Many emerging markets and developing economies face threats to economic growth and limited policy space due to high inflation, rising debt, and balance of payments pressures. These challenges mounted during the pandemic and were further intensified by Russia's war in Ukraine.
