Reserves stood at $20.48 billion on July 31, down from $21.78 billion a month ago

Banks could not receive any remittance in the five days of countrywide internet blackout this month

In a tight 5-4 vote, BoE policymakers agreed to reduce borrowing costs by a quarter-point to 5.0 percent, the central bank announced following a regular meeting.

Credit ratings were meant to help sub-Saharan countries tap global investors to fund much-needed development. But low scores, heavy borrowing and bad luck have left many struggling with crushing bond debt.

The Fed ended its latest two-day policy meeting with a decision to hold its benchmark interest rate steady in the 5.25%-5.50% range

Nearly 300 small banks have been isolated from the country’s broader payment network to prevent any wider impact, the sources

Oil prices climbed more than $2 on Wednesday, rebounding from 7-week lows, as the killing of a Hamas leader in Iran ratcheted up tensions in the Middle East and overshadowed concerns about weak China demand

The consignments, which have arrived or are scheduled to arrive at the port in between July 16 and August 5 this year, will get the extended benefit

The company also posted a bigger quarterly loss, as its troubled defense and space business exacerbated the financial strain on the US planemaker that has already scaled back commercial aircraft production to tackle a quality crisis.

The rule is meant to protect depositors whose money is insured up to $250,000 by the government.

Its decision, announced after a two-day policy meeting, caused the yen to surge briefly before weakening to levels above 153 per dollar.

The Asia-focused lender and its peers were buoyed by rising interest rates earlier this year.

The eurozone economy grew faster than expected in the second quarter of 2024, official data showed Tuesday, confirming the single currency area’s rebound since January despite Germany’s weak performance.

The company will produce 8,000 tonnes of printed materials and packaging products every year

DBH Finance PLC, one of the leading listed non-bank financial institutions (NBFIs) in Bangladesh, witnessed a year-on-year drop in profits of about 18 percent in the first half of 2024.

Britain’s biggest reform of company listing rules in over three decades takes effect on Monday on the London Stock Exchange, a measure intended to help it compete more effectively with New York and the European Union after Brexit.

The DSEX declined 0.99% to end the day at 5,330

Long periods of slow economic growth can cause a jump in inequality. But a balanced set of policies can stave off that outcome

India is warming up to its northern neighbour. The South Asian country’s annual economic report recommends courting investment from China rather than integrating into the country’s supply chains. That lays out a way for companies from Shein to BYD to keep selling in Western markets despite rising suspicion towards the People’s Republic. Much depends on how the Sino-American trade war plays out.

The shipping ministry yesterday announced that it would waive demurrage charges for imported containers carrying accessories and raw materials for the readymade garment sector which could not be delivered from the Chattogram port as operational activities were hampered for the past seven days.