Economy

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,...

Oil prices rose in early trade on Monday as investors keep a lookout for signs of a rate-cut cycle expected to begin as soon as September. Brent crude prices were up 48 cents, or 0.57%, at...

The dollar eased on Monday in the initial reaction to U.S. President Joe Biden’s decision to end his reelection campaign, clearing the way for another Democrat to challenge Donald Trump. China’s yuan was largely unfazed by...

Australian employment jumped well beyond expectations in June, yet the jobless rate still ticked higher as more people went looking for work, a mixed report that leaves open the question of whether interest rates need to...

Japan’s yen scaled a six-week high on Thursday, spurring speculation of an official push, while the dollar nursed broad losses as markets prepared for U.S. rate cuts in a few months. The euro , which scaled...