Economy

As part of its selling activities for the month of August, the government-run Trading Corporation of Bangladesh (TCB) will begin selling critical commodities on Sunday at discounted prices. The roughly 10 million family card holders across...

Following the ruble’s plummet to a more than 16-month low against the dollar on Tuesday, Russia’s central bank increased its benchmark interest rate from 8.5 to 12 percent. “This decision was taken in order to limit...

Cash-strapped On Tuesday, Sri Lanka announced that it was abandoning a $3.85 billion agreement to construct an oil refinery, which was slated to be the largest foreign investment ever made in the country. The deal was...

According to the World Bank, a major power deficit in Vietnam caused by an unusually hot season and exceptional dryness in May and June cost the country $1.4 billion. Northern Vietnam saw rolling blackouts and unexpected...

Lubna Babar, a factory worker, was laid off at the start of the year, a victim of a crisis in Pakistan’s textile industry, which has seen it lose ground to more agile Asian competitors. “When you...

The Argentine government announced Friday that it will use a $775 million loan from Qatar to make a payment to the International Monetary Fund as it awaits clearance of a $7.5 billion transfer from the IMF....

Brazil’s central bank dropped its key interest rate by a larger-than-expected half-point on Wednesday, marking the country’s first rate cut in three years as emerging nations begin to shift toward monetary easing. The bank’s monetary policy...

Annual inflation in Turkey rose to 47.83 percent in July, up from 38.2 percent in June, according to government figures released on Thursday. The new figure, which was expected, comes a week after the central bank...

The World Bank (WB) yesterday approved $300 million to support Bangladesh in reducing methane emissions along the natural gas value chain and increasing the effectiveness of gas distribution and end-use through pre-paid metering systems for residential...

According to a news release issued by the Asian Development Bank (ADB) on Wednesday, a loan of 40 million dollars has been authorized to assist the Cambodian government in advancing changes in the provision of public...