1d ago| South Asia

No choice but to agree to tough IMF conditions: Pakistan PM

Prime Minister Shehbaz Sharif on Friday said that the International Monetary Fund (IMF) delegation, which is visiting the country for discussions on the ninth review of a $7 billion loan programme, was giving a "very tough time" to Finance Minister Ishaq Dar and his team.

1d ago| Global Economy

3 Adani stocks under additional surveillance

The Indian stock market regulator has put three Adani group companies, including Adani Enterprises, under short-term additional surveillance measure framework (ASM), according to the latest data available with the exchanges on Thursday.

1d ago| Global Economy

Euro hits 10 month-high on dollar

The euro sat at a 10-month high against the dollar on Thursday, ahead of a European Central Bank meeting at which markets expect a half-percentage point rate increase, a day after the US Federal Reserve slowed the pace of its rises to 25 basis points.

4d ago| Global Economy

Euro zone economic sentiment rises

Euro zone economic sentiment rose to a seven-month high in January on more optimism across all sectors except construction, with inflation expectations among consumers and companies both sharply down, data showed on Monday.

4d ago| Global Economy

Emirates offers free night stay in Dubai

Travellers who purchase an Emirates return ticket in first or business class or stopping over in Dubai will be able to enjoy a complimentary night stay at the Fairmont The Palm hotel, one of the iconic hospitality properties in Dubai. 

4d ago| Global Economy

Saudi Arabia may lower crude prices for Asia

Saudi Arabia, the world’s largest oil exporter, may trim prices for crude grades sold to Asia for a fourth straight month in March, amid low physical oil premiums, as oversupply worries linger despite expectations of demand recovery in China.

February 3, 2023
February 3, 2023

No choice but to agree to tough IMF conditions: Pakistan PM

Prime Minister Shehbaz Sharif on Friday said that the International Monetary Fund (IMF) delegation, which is visiting the country for discussions on the ninth review of a $7 billion loan programme, was giving a "very tough time" to Finance Minister Ishaq Dar and his team.

February 3, 2023
February 3, 2023

3 Adani stocks under additional surveillance

The Indian stock market regulator has put three Adani group companies, including Adani Enterprises, under short-term additional surveillance measure framework (ASM), according to the latest data available with the exchanges on Thursday.

February 3, 2023
February 3, 2023

Euro hits 10 month-high on dollar

The euro sat at a 10-month high against the dollar on Thursday, ahead of a European Central Bank meeting at which markets expect a half-percentage point rate increase, a day after the US Federal Reserve slowed the pace of its rises to 25 basis points.

February 3, 2023
February 3, 2023

Asia’s factory activity contracts

Asia’s factory activity contracted in January as the boost from China’s Covid reopening had yet to offset headwinds from slowing US and European growth, surveys showed on Wednesday, underscoring the fragility of the region’s economic recovery.

February 2, 2023
February 2, 2023

Bangladesh Bank sells US dollar at Tk 101 for first time

Bangladesh Bank has sold US dollar at Tk 101 each to banks for the first time, giving indication that it is likely to devalue the local currency to reflect the market reality.

February 2, 2023
February 2, 2023

IMF releases $476.27 million as first loan instalment for Bangladesh

The International Monetary Fund (IMF) has disbursed $476.27 million to Bangladesh as the first instalments of $4.7 billion loan it approved early this week.

February 2, 2023
February 2, 2023

Adani abandons $2.5 billion share sale in big blow to Indian tycoon

Gautam Adani's flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a US short-seller's criticisms wiped billions more off the value of the Indian tycoon's stocks.

February 2, 2023
February 2, 2023

Pakistan court grants bail to Imran Khan aide

An aide to former prime minister Imran Khan was granted bail yesterday, a week after being arrested for allegedly harassing election commission officials.

February 1, 2023
February 1, 2023

Does Bangladesh ship garments to the Middle East?

Bangladesh ships apparel items to the Middle Eastern countries and the good thing is local garments are steadily gaining popularity in the Middle eastern countries.

January 31, 2023
January 31, 2023

Dhaka trade fair fetches Tk 300 crore in export orders

The 27th edition of the Dhaka International Trade Fair (DITF) came to an end today and it fetched export orders worth Tk 300 crore.