Beleaguered Indian tycoon Gautam Adani denied today that his rise to become Asia's richest man -- a title he has lost in a phenomenal stock rout -- was due to Prime Minister Narendra Modi, as shares in his conglomerate slumped again.

Bangladesh Bank has sold US dollar at Tk 101 each to banks for the first time, giving indication that it is likely to devalue the local currency to reflect the market reality.

The International Monetary Fund (IMF) has disbursed $476.27 million to Bangladesh as the first instalments of $4.7 billion loan it approved early this week.

India's Adani group shares plunged on Thursday after the Gautam Adani-led conglomerate shelved a $2.5 billion share sale amid a turbulent market, bringing its cumulative market capitalisation losses to $100 billion since last week's short-seller attack.

Gautam Adani's flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a US short-seller's criticisms wiped billions more off the value of the Indian tycoon's stocks.

Bangladesh ships apparel items to the Middle Eastern countries and the good thing is local garments are steadily gaining popularity in the Middle eastern countries.

PayPal Holdings Inc (PYPL.O) has said it is planning to cut 7 percent of its workforce, or about 2,000 employees, the latest in a list of fintech firms to be hit by the economic slowdown.

The 27th edition of the Dhaka International Trade Fair (DITF) came to an end today and it fetched export orders worth Tk 300 crore.

India's Adani Enterprises (ADEL.NS) climbed 2 per cent in early trade on Tuesday, the last day for its $2.5 billion secondary share sale, with all eyes on whether the company can secure enough backing for the offering after a US short-seller's scathing attack.

Samsung Electronics Co Ltd (005930.KS) today reported its lowest quarterly profit since 2014 and said persistent macroeconomic uncertainty will make for a tough first half year, though demand is likely to start recovering in the second half.

The growth trajectory of the underlying businesses of Adani Group has not been affected by the Hindenburg Research report that sparked a $48 billion rout in its stocks, Chief Financial Officer Jugeshinder Singh said today.

India's Adani Group issued a detailed riposte on Sunday to a Hindenburg Research report that sparked a $48 billion rout in its stocks, saying it complies with all local laws and had made the necessary regulatory disclosures.

Tea production in Bangladesh decreased by nearly 3 per cent year-on-year in 2022.

Bangladeshi conglomerates counted Tk 65,000 crore in losses in the last one year because of the fall of the local currency against the US dollar, which made loans costlier amid global economic volatility, a noted economist said today.

Indian billionaire Gautam Adani's net worth continues to decline as he falls from being the third richest person in the world to seventh in the Forbes Real Time Billionaires' list.

Index provider MSCI said today it was seeking feedback on Adani Group and associated securities and was aware of a report issued by short-seller Hindenburg Research.

Shares of India's Adani Enterprises (ADEL.NS) sank 20% on Friday as a scathing report by a US short seller triggered a rout in the conglomerate's listed firms, casting doubts on how investors will respond to the company's record $2.45 billion secondary offer.

The Pakistani rupee fell 9.6 per cent against the dollar on Thursday, central bank data showed - the biggest one-day drop in over two decades - in a slump that may persuade the International Monetary Fund to resume lending to the country.

The commerce ministry would continue its advocacy with other ministries to simplify the process of obtaining certificates and registration, including five-year trade licences, to ensure ease of doing business, Commerce Minister Tipu Munshi said today.

British retail giant Primark’s CEO Paul Marchant has praised the development Bangladesh’s garment sector has achieved in production of apparels in green factories.