Global Economy

Global Economy

IMF cuts Bangladesh’s growth forecast again, keeps inflation projection elevated

Bangladesh may grow 3.8% in FY25, not 4.5% in FY25, the lender says

1h ago

IMF to give $645 million as fourth tranche of loan to Bangladesh

IMF agreed to Bangladesh’s request to extend the loan amount, now it stands at $5.3 billion

3h ago

ADB to give Bangladesh $600 million loan to strengthen economic management

Multiple state agencies will implement the programme

8h ago

As bitcoin soars, luxury brands consider accepting crypto payments

Regulators have long warned that cryptocurrencies like bitcoin are high-risk assets, with limited uses in the real world. High volatility has been another barrier to wide adoption as a means of payment.

10h ago

Honda, Nissan move to closer tie-up as competition intensifies, source says

The talks between Honda and Nissan are aimed at setting up a holding company, said the source, who declined to be identified because the information had not been made public.

12h ago

UK wage growth jumps

UK wage growth accelerated more than expected, official data showed Tuesday, cementing analyst forecasts that the Bank of England will avoid cutting interest rates this week.

22h ago

India’s gold imports to plunge in December after record November

India’s gold imports are poised for a sharp slowdown in December following record purchases in November, in the absence of any major festival and as rebounding prices prompt buyers to delay purchases, trade and government officials said.

22h ago

Kamran Tanvirur Rahman re-elected as MCCI president

The leading chamber also re-elected its senior vice president and vice president

1d ago

Renata ships first batch of preventative cardiovascular meds to US

The medicine was manufactured at Renata’s Bangladesh factory approved by the US-FDA

1d ago

Adani deal under bribery scrutiny was approved against officials' advice

The federal agency, tasked with developing the solar sector, wanted to know if the southeastern state of Andhra Pradesh would like to sign India's largest renewables contract.

1d ago

Govt grants Tk 3,000 crore loan for ICB to stabilise capital market

The interest rate of the approved loan was fixed at the variable bank rate

1d ago

Bitcoin rallies past $107,000, hopes grow for strategic reserve

Bitcoin , the world's biggest and best known cryptocurrency, extended gains to a session high of $107,148

1d ago

Trump touts $100 bn SoftBank investment, vowing 100,000 jobs

Speaking alongside Trump, Son confirmed the investment company's financial commitment, adding that Trump's victory had "tremendously increased" his confidence in the US economy.

1d ago

Oil drops

Oil futures eased from their highest levels in weeks as traders took profit while waiting for a Federal Reserve meeting later this week for clues on further rate cuts.

1d ago

India sugar output to rebound to record next year, could revive exports

India is likely to produce a record amount of sugar in the next marketing year from October after millions of farmers expanded cane cultivation, encouraged by ample water supplies and declining prices of competing crops, farmers and industry officials told Reuters.

1d ago

US case against Adani strong but extradition unlikely

The US fraud case against Indian billionaire Gautam Adani appears to be backed by documents that will help prosecutors make a strong case, legal experts said, but the tycoon is unlikely to be extradited to stand trial anytime soon.

1d ago

US-China tech war will hold Asian allies hostage

China will turn Washington’s technology weapons on its Asian neighbours in 2025. US curbs on imports of semiconductors and other goods have hobbled advances in artificial intelligence in the world’s second-largest economy. The People’s Republic is starting to retaliate. Its leverage over corporate giants in Japan and South Korea makes them prime hostage targets.

1d ago

Oil drops from highest in weeks, focus on Fed rate cuts

Falls were limited, however, by concerns of supply disruptions in the event of more US sanctions on major suppliers Russia and Iran

2d ago