15h ago| Global Economy

India raises key interest rate by 50 basis points

The Reserve Bank of India’s benchmark repo rate was raised by 50 basis points on Friday, the fourth straight increase in the current cycle, as policymakers extended their battle to tame stubbornly above-target retail inflation rate.

15h ago| Global Economy

China’s economy struggling to rebound

China’s factory activity eked out growth in September, but a slowdown in services sector growth and a downbeat private manufacturing survey pointed to further cooling as the economy grapples with Covid-19 curbs and softening global demand.

15h ago| Global Economy

India cuts base import price of palm oil, gold

India has slashed the base import prices of crude and refined palm oil, crude soya oil and gold, the government said in a statement late on Friday, as prices corrected in the world market.

3d ago| Global Economy

EU countries at odds over possible gas price cap

European Union countries were at odds on Wednesday over whether to cap gas prices in the bloc, with France, Belgium and 13 other states stepping up their call for the move opposed by Germany and others.

3d ago| Global Economy

Russia aims to fly solo without Airbus, Boeing

Russia’s aviation industry will aim to go it alone without the West, using locally built parts to produce 1,000 airliners by 2030 and end a reliance on Boeing and Airbus, state-owned engineer Rostec said.

3d ago| Global Economy

Govt urges Malaysia to fast-track FTA signing

The government yesterday urged Malaysia to speed up the signing of a free trade agreement as it looks to retain preferential market access after the graduation from the grouping of the least-developed countries.  

October 2, 2022
October 2, 2022

Greece-Bulgaria pipeline to boost non-Russian gas flows

Greece and Bulgaria started commercial operation of a long-delayed gas pipeline on Saturday which will help decrease southeast Europe’s dependence on Russian gas and boost energy security.

October 2, 2022
October 2, 2022

Strong dollar an unstoppable force endangering other currencies

The dazzling rise of the US dollar, which has hit one record after another, is raising fears of a currency crash of a severity not seen since the 1997 Asian financial crisis reverberated around the world.

October 2, 2022
October 2, 2022

Korea, US agree to implement liquidity measures

The United States and South Korea agreed on Saturday to implement liquidity facilities to stabilise financial markets if needed, Korea’s finance ministry said after a teleconference between finance chiefs of the two countries.

October 2, 2022
October 2, 2022

Japan’s dependency on ME crude reaches 94.5pc

Japanese crude oil imports from the Middle East in August rose 12.1 per cent from a year earlier to 2.82 million barrels per day (bpd), equivalent to 13.88 million kilolitres, with Japan’s dependence on the region reaching 94.5 per cent, the industry ministry said on Friday.

October 2, 2022
October 2, 2022

India cuts base import price of palm oil, gold

India has slashed the base import prices of crude and refined palm oil, crude soya oil and gold, the government said in a statement late on Friday, as prices corrected in the world market.

October 2, 2022
October 2, 2022

China’s economy struggling to rebound

China’s factory activity eked out growth in September, but a slowdown in services sector growth and a downbeat private manufacturing survey pointed to further cooling as the economy grapples with Covid-19 curbs and softening global demand.

October 2, 2022
October 2, 2022

India raises key interest rate by 50 basis points

The Reserve Bank of India’s benchmark repo rate was raised by 50 basis points on Friday, the fourth straight increase in the current cycle, as policymakers extended their battle to tame stubbornly above-target retail inflation rate.

September 30, 2022
September 30, 2022

3,000 tonnes hilsa being exported to India

Bangladesh will export around 3,000 tonnes of hilsa to India marking upcoming Durga Puja, the biggest religious festival of the Hindu community scheduled to be held next month. 

September 30, 2022
September 30, 2022

Meta includes Bangladesh in marketing summit

Meta, formerly known as the Facebook company, for the first time has expanded its annual marketing summit to Bangladesh, and the digital event was aired yesterday.

September 30, 2022
September 30, 2022

Oil price rises towards $90

Oil prices firmed on Thursday, erasing earlier losses, on indications that Opec+ might cut output, though a stronger dollar and weak economic outlook kept a lid on gains.