Economy
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The price of the broiler chicken started coming down in Bangladesh
Mar 25, 2023Due to the decision of selling broiler chicken at Tk 190 to 195 per kilogram (kg) at the farm level in the month of Ramadan, the price of the chicken has started coming down at the... -
European bank shares fall as crisis leaves mark
Mar 23, 2023Investors are bracing themselves for challenging times ahead, as global instability rocked the banking sector and sent ripples of uncertainty throughout the financial world. European banking shares saw a drop in trading on Thursday, as investors... -
US banking sector ‘stabilizing’ after recent turmoil: Yellen
Mar 21, 2023The recent failures of Silicon Valley Bank and Signature Bank shook the industry, but the US financial sector is “stabilizing,” Treasury Secretary Janet Yellen will say at a summit on Tuesday. As a result of the... -
Sri Lanka is seeking a 10-year moratorium on its foreign debt
Mar 21, 2023Cash-strapped Sri Lanka is seeking a 10- year moratorium on its foreign debt, President Ranil Wickremesinghe’s office said Monday on the eve of a desperately needed $2.9 billion IMF bailout. Wickremesinghe’s office quoted him as saying... -
Sri Lanka seeks 10-year debt moratorium ahead of IMF bailout
Mar 20, 2023Cash-strapped On the eve of an urgently required $2.9 billion IMF bailout, President Ranil Wickremesinghe’s office announced Monday that Sri Lanka is requesting a 10-year moratorium on its foreign debt. The widely anticipated IMF rescue “will... -
Wall Street giants move to rescue First Republic Bank
Mar 17, 2023The biggest banks in America took action on Thursday to support First Republic, allaying concerns that the local lender might be the next to crash following bank failures like Silicon Valley Bank. Including Bank of America,... -
Jobs growth in the US remained strong last month
Mar 12, 2023Jobs growth in the US remained strong last month, as the world’s largest economy continued to defy expectations of a slowdown. Employers added 311,000 jobs in February, more than expected, with bars and restaurants driving the... -
IMF team due in Dhaka to discuss financial sector reform
Mar 7, 2023As part of the $ 4.5 billion loan program negotiated with the Bangladeshi government, a team from the International Monetary Fund (IMF) is anticipated to appear in the capital this week to start the process of... -
Sri Lankan workers went on strike in defiance of a government ban to protest a rescue plan
Mar 2, 2023Sri Lankan workers went on strike Wednesday in defiance of a government ban to protest a rescue plan for the bankrupt island nation, forcing the closure of hospitals, banks and ports. President Ranil Wickremesinghe is facing... -
German inflation holds steady in February at 8.7 per cent
Mar 1, 2023According to preliminary data released on Wednesday, German inflation stabilized in February as government support programs helped maintain a lid on high energy prices. German federal statistics office Destatis reported that the country’s annual inflation rate...
