Forex

China approves $1.3b loan rollover for Pakistan: Finance minister

News Hour Correspondent - Mar 6, 2023

Ishaq Dar, the finance minister, said that the Industrial and Commercial Bank of China Ltd 1398.HK authorized a rollover of a $1.3 billion loan for cash-strapped Pakistan on Friday. This will support Pakistan’s...
Varun Dhawan and Kriti Sanon’s dance performance includes a cameo from Shraddha Kapoor

News Hour Correspondent - Oct 28, 2022

The music video for Thumkeshwari, a dance number from the upcoming film Bhediya, has been shared by Indian stars Varun Dhawan and Kriti Sanon. As the two go on to groove together in...
Bangladesh receives $1,539.49m remittance in September

News Hour Correspondent - Oct 4, 2022

According 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...
Bangladesh receives over $1b remittance in first half of September

News Hour Correspondent - Sep 19, 2022

In spite of the forex crisis in the nation, Bangladesh received inbound remittances of more than $1 billion (1008.67 million) in the first 15 days of September, according to UNB. Remitters are buoyed...
Bangladesh Bank allows banks to maintain China’s Yuan account

News Hour Correspondent - Sep 17, 2022

Bangladesh Bank (BB) has allowed banks to maintain accounts in China’s Yuan with their corresponding branches abroad to settle cross-border transactions in Chinese currency. “To bring wider scope, it has been decided that...
India raises rates to levels seen before a pandemic

News Hour Correspondent - Aug 5, 2022

India’s central bank on Friday hiked interest rates for a third-consecutive time, as Asia’s third-largest economy contends with a widening trade deficit and weakening currency. The Reserve Bank of India’s rate-setting committee raised...
The yen has dropped to its lowest level against the dollar in five years

News Hour Correspondent - Mar 11, 2022

The yen fell to its lowest level against the dollar in five years on Friday as analysts said the Japanese currency’s value was further weakened by rising US treasury yields. One dollar bought...
Movies with a message make impact beyond Oscars glitz

News Hour Correspondent - Feb 23, 2019

The movie “Green Book” explores racial inequality, “Roma” reveals the emotional toll placed on domestic workers, and “RBG” chronicles the fight for women’s rights. The messages in the three Academy Awards contenders are...