Economy
-
Oil prices jumped more than three percent in Asian trade on Monday
Oct 5, 2022Oil prices jumped more than three percent in Asian trade on Monday as OPEC and other top producers considered slashing output by a million barrels a day. WTI climbed 3.3 percent to $82.12 and Brent also... -
Bangladesh receives $1,539.49m remittance in September
Oct 4, 2022According to BSS, Bangladeshis living abroad contributed remittances of about US $1,539.49 million in September of the fiscal 2022–23. The entire amount of remittances received from July through September in the current fiscal year 2022–23 was... -
New coins featuring the portrait of King Charles III revealed
Oct 2, 2022New coins featuring the portrait of King Charles have been revealed, with a 50p carrying his image entering general circulation within weeks. BBC News was given a first glimpse of the 50p and a commemorative £5... -
Japan to prepare another round of economic stimulus measures
Oct 2, 2022Japan is preparing another round of economic stimulus measures, the government said Friday, as rising prices and the plummeting yen squeeze the world’s third-largest economy, reports BSS. Prime Minister Fumio Kishida told ministers to draft the... -
Sri Lanka’s inflation rate hit nearly 70 percent in September
Oct 2, 2022Sri Lanka’s inflation rate hit nearly 70 percent in September for a 12th consecutive monthly record, official data showed Friday after a year of shortages, price hikes and economic misery. An unprecedented downturn forced the government... -
British pound sank by more than one percent against the dollar after the Bank of England intervened on the bond markets
Sep 30, 2022The British pound sank on Thursday by more than one percent against the dollar after the Bank of England intervened on the bond markets to head off a fresh financial catastrophe. Sterling slid as low as... -
The dollar lost a little of its strength
Sep 27, 2022The dollar lost a little of its strength Tuesday after starting the week by surging against major peers, including a record high versus the pound, though equity traders struggled to claw back recent losses owing to... -
Crisis-hit Sri Lanka pleaded for a swift agreement for $2.9 billion IMF bailout
Sep 25, 2022Crisis-hit Sri Lanka pleaded on Friday for a swift agreement with its international creditors to clear the way for a desperately needed $2.9 billion IMF bailout. The International Monetary Fund’s board needs to ratify this month’s... -
The pound fell to a fresh 37-year low against the dollar
Sep 23, 2022The pound fell to a fresh 37-year low against the dollar on Friday as traders grow increasingly worried about the economic outlook with central banks ramping up interest rates to fight runaway inflation. Sterling fell as... -
It is possible to bring down record-high inflation in the United States, Treasury Secretary Janet Yellen said
Sep 23, 2022It is possible to bring down record-high inflation in the United States while maintaining a healthy labor market, US Treasury Secretary Janet Yellen said on Thursday. Her comments come a day after the Federal Reserve hiked...
