Economy

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...

The IMF held its global growth expectations for 2024 steady in a report Tuesday even as it cut forecasts for the United States and Japan, while warning of inflation risks and trade tensions ahead. The International...

Britain’s inflation rate held steady in June after returning to the Bank of England’s target the previous month, official data showed Wednesday, confounding expectations for another modest slowdown. The Consumer Prices Index was unchanged at 2.0...

In a study released on Tuesday, the IMF downgraded its projections for both the US and Japan while maintaining its predictions for global growth in 2024 and cautioning about the risks of inflation and trade tensions...

China’s economy grew 4.7 percent year-on-year in the second quarter of 2024, official data showed Monday, less than analysts had expected. “By quarter, the GDP for the first quarter increased by 5.3 percent year on year...

Pakistan and Azerbaijan have agreed to take economic relations to new heights, enhancing the bilateral investment level of up to 2 billion U.S. dollars in areas of mutually beneficial projects. In a joint press stakeout along...