Global Economy

Global Economy

Banking reforms, tackling climate change: ADB, WB approve over $1.5b

The Asian Development Bank has approved a $900 million loan to help Bangladesh reform its banking sector and strengthen its resilience to the impacts of climate change.

5h ago

Bangladesh’s food processing market hits $8b

Bangladesh’s food processing sector, which was worth $8 billion last year, is growing at an average rate of 8 percent a year, according to a report by the United States Department of Agriculture (USDA).

5h ago

Weak dollar cushions Europe from potential oil price shock

While oil-importing countries won’t fully escape a hit in the event of another energy price shock on Middle East tensions, a period of rare dollar weakness will soften the blow considerably for countries outside America.

5h ago

Renata’s preference shares to be fully convertible

The board of Renata PLC, a listed pharmaceutical company, has decided to revise the structure of its preference shares, which were recently approved to raise up to Tk 325 crore, according to a disclosure on the Dhaka Stock Exchange website.

5h ago

China’s new currency order faces same old problems

It’s a good time to pitch alternatives to the US dollar , but it pays to be specific. On Wednesday, People’s Bank of China Governor Pan Gongsheng told attendees of a financial forum in Shanghai that he expected the largely greenback-based global monetary system to become multipolar, ultimately helping to “better safeguard global financial stability”.

5h ago

Trade war worsens foreign investment outlook, says UN

Negative FDI outlook for 2025: trade wars, policy uncertainty, geopolitical divisions persist

10h ago

Exclusive: Russia's Dmitriev says Russia, US and Saudi Arabia could act jointly to stabilise oil markets

Russia, US, Saudi Arabia could jointly stabilize oil markets amid Middle East conflict

13h ago

Global stocks tumble, safe havens gain as Middle East conflict flares

Global stocks fell and the dollar rose on Thursday as investors get concerned over the United States' possible entry into the Israel-Iran air war

14h ago

Banking reforms, tackling climate change: ADB, WB approve over $1.5b

The Asian Development Bank has approved a $900 million loan to help Bangladesh reform its banking sector and strengthen its resilience to the impacts of climate change.

5h ago

China’s new currency order faces same old problems

It’s a good time to pitch alternatives to the US dollar , but it pays to be specific. On Wednesday, People’s Bank of China Governor Pan Gongsheng told attendees of a financial forum in Shanghai that he expected the largely greenback-based global monetary system to become multipolar, ultimately helping to “better safeguard global financial stability”.

5h ago

Renata’s preference shares to be fully convertible

The board of Renata PLC, a listed pharmaceutical company, has decided to revise the structure of its preference shares, which were recently approved to raise up to Tk 325 crore, according to a disclosure on the Dhaka Stock Exchange website.

5h ago

Weak dollar cushions Europe from potential oil price shock

While oil-importing countries won’t fully escape a hit in the event of another energy price shock on Middle East tensions, a period of rare dollar weakness will soften the blow considerably for countries outside America.

5h ago

Bangladesh’s food processing market hits $8b

Bangladesh’s food processing sector, which was worth $8 billion last year, is growing at an average rate of 8 percent a year, according to a report by the United States Department of Agriculture (USDA).

5h ago

Trade war worsens foreign investment outlook, says UN

Negative FDI outlook for 2025: trade wars, policy uncertainty, geopolitical divisions persist

10h ago

Exclusive: Russia's Dmitriev says Russia, US and Saudi Arabia could act jointly to stabilise oil markets

Russia, US, Saudi Arabia could jointly stabilize oil markets amid Middle East conflict

13h ago

Global stocks tumble, safe havens gain as Middle East conflict flares

Global stocks fell and the dollar rose on Thursday as investors get concerned over the United States' possible entry into the Israel-Iran air war

14h ago

Fed keeps rates steady but pencils in two cuts by end of 2025; Powell sees 'meaningful' inflation ahead

If not for tariffs, Powell said, rate cuts might actually be in order, given that recent inflation readings have been favorably low.

18h ago

When developing countries band together, lifesaving drugs become cheaper and easier to buy − with trade-offs

Understanding trade-offs can help countries better prepare for future health emergencies and treat chronic conditions

1d ago