Economy

For this week, the maximum cash withdrawal limit per account has been increased by the authorities to Tk 300,000. Because of ongoing security concerns, clients were permitted to withdraw up to Tk 200,000 during the preceding...

According to recent figures, high emigration rates have caused population growth in New Zealand to nearly stop. A common destination for many departing the country is neighboring Australia. Slow economic growth, high living expenses, and high...

Youth unemployment in China ticked up to 17.1 percent in July, official figures showed, the highest level this year as the world’s second-largest economy faces mounting headwinds. China is battling soaring joblessness among young people, a...

According to official statistics, youth unemployment in China increased slightly to 17.1% in July—the highest percentage this year—as the second-largest economy in the world faced more challenges. China is grappling with a rise in youth unemployment,...

In July, inward remittances fell to a 10-month low, with expats sending Bangladesh close to $1.91 billion over the course of the month. On Thursday, the central bank made the remittance updates public. Remittances below the...

Factory activity in China shrank for a third straight month in July, official data showed Wednesday, a day after Beijing pledged more state support to boost activity in the country’s stuttering economy. A key measure of...

The Bank of Japan lifted its main interest rate Wednesday for just the second time in 17 years in another step away from its long-standing ultra-loose monetary policies. The central bank said in a statement it...

Hiring in the US private sector decelerated unexpectedly in July, said payroll firm ADP on Wednesday, while pay gains slowed further. The private sector added 122,000 jobs in July, down from June’s revised 155,000 figure and...

Brazil’s central bank left its benchmark interest rate unchanged Wednesday at 10.5 percent, opting for caution after forecasts of higher inflation in Latin America’s largest economy. The bank’s monetary policy committee said it was acting unanimously...

Following directives from the central bank to raise interest rates in an effort to encourage more remittances through the legal channels, banks have raised the value of the US dollar to Tk119.40. On Monday, July 29,...