Global Economy
Gold sprints to record high in global market
Gold hit an all-time high on Thursday, steered by uncertainty surrounding the US election and expectations of more interest rate cuts by major central banks, while spotlight shifted to a slew of US data.
Japan’s exports fall for first time in 10 months
Japan’s exports fell for the first time in 10 months in September, data showed on Thursday, a worry for policymakers as any prolonged weakness in global demand may complicate the central bank’s path to exit years of ultra-easy monetary policy.
Almost 40% of World Bank's recent climate funds unaccounted for: Oxfam
An Oxfam audit found that as much as $41 billion in climate finance could not be found "between the time projects were approved and when they closed."
ECB set to cut rates again as inflation cools
After cutting rates twice already this year, including at their last meeting in September, policymakers initially signalled a preference to wait until December to cut again
China to almost double support for unfinished housing projects
Housing minister Ni Hong said Beijing will "increase the credit scale of white-list projects to four trillion" yuan ($562 billion) by the end of the year
Chinese firm Jidalai to invest $5.85 million in Adamjee EPZ
The company will annually produce 70 million pieces of pullers of zippers
Why women risk losing out in shift to green jobs
Closing the gender gap in science, technology, engineering, and math would accelerate the green transition while making it more inclusive
'Age of Electricity' coming as fossil fuels set to peak: IEA
Demand for oil, gas and coal is still projected to peak by the end of the decade, possibly creating a surplus of fossil fuels, the IEA said in its annual World Energy Outlook
Oil ticks up on lingering worries about supply disruptions
Oil edged higher on Wednesday as investors grappled with the prospect of supply disruptions due to the Middle East turmoil.
Dollar stalls as Fed tone dials down rate expectations
The dollar was steady on Tuesday and below recent highs as comments by Federal Reserve officials dampened rate hike expectations, although investors kept an eye on the conflict between Israel and the Palestinian Islamist group Hamas
Germany to suffer deeper recession: IMF
Germany will suffer a deeper recession than previously thought, the International Monetary Fund said Tuesday, predicting that Europe's traditional growth engine will be the worst performing major economy in 2023
Oil dips on investor caution as market eyes Middle East turmoil
Oil prices eased on Tuesday after rallying more than 4 percent in the previous session, with traders cautious as they watched for potential supply disruptions amid military clashes between Israel and the Palestinian Islamist group Hamas.
Leather footwear, goods’ show to begin in Dhaka on Oct 12
The Bangladesh Leather Footwear and Leather goods International Sourcing Show (BLLISS) will be of three days
India's Bihar seeks Bangladeshi investment in garments
Top Bihar govt officials visit BGMEA office
‘Even IMF won’t help if reserve falls below $10 billion’
CPD Chairman Prof Rehman Sobhan says
Citigroup to sell China consumer wealth business to HSBC
The deal covers total deposits and investment AUMs of about $3.6 billion
Oil soars as Hamas attack on Israel sparks war
Oil prices were up more than $3 a barrel in Asian trade on Monday as military clashes between Israel and the Palestinian Islamist group Hamas deepened political uncertainty across the Middle East and raised concerns about supplies
Don’t let forex reserve go below $15b until elections: Ahsan H Mansur
The economist says at Sanem event