The US dollar held steady on Friday, on pace to finish the week strong, after Federal Reserve Chair Jerome Powell said the central bank may need to raise interest rates further to ensure inflation is contained but promised to move “carefully” at upcoming meetings.

The expansion of the BRICS group of developing countries could provide a lifeline to capital-starved new entrants Iran and Argentina, but investors and analysts say a broader economic boon for the bloc’s members is far from certain.

Oil futures climbed about 1 percent to a one-week high on Friday as US diesel prices soared, the number of oil rigs dropped, and a fire broke out at a refinery in Louisiana.

Executive Motors Limited yesterday unveiled the BMW iX3 M Sport, the first-ever electric vehicle from BMW, for the Bangladesh market.

Rice millers say Bangladesh has 'adequate' rice stock

The expansion of the BRICS group of developing countries could provide a lifeline to capital-starved new entrants Iran and Argentina, but investors and analysts say a broader economic boon for the bloc's members is far from certain..Leaders of the BRICS - Brazil, Russia, India, China and S

The country imposes 20% duty on parboiled grade

It is 4.3% higher than last year

Fitch has downgraded to junk the credit rating of a subsidiary of Chinese property giant Country Garden, citing “heightened liquidity pressure” at the troubled firm.

Oil prices steadied after earlier declines on Thursday caused by disappointing economic data from key economies, with investors awaiting a speech by US Federal Reserve Chair Jerome Powell on Friday for clues on interest rate moves.

The number of Americans filing new claims for unemployment benefits fell last week, as labour market conditions remained tight despite the Federal Reserve’s aggressive interest rate hikes.

India’s diesel exports to Singapore are set to hit a 19-month high in August and exceed 330,000 metric tons, boosted by cheaper freight costs and low inventories in the Asian oil hub, traders and analysts said.

Kuwait’s economic recovery is ongoing but risks to the oil producer’s outlook “remain substantial” and gridlock between the government and parliament continues to delay reforms, the International Monetary Fund said on Wednesday.

Sri Lanka’s central bank on Thursday capped maximum lending rates after accusing commercial banks of failing to pass on benefits of a relaxed monetary policy to borrowers.

Saudi Arabia will likely roll over a voluntary oil cut of 1 million barrels per day for a third consecutive month into October, five analysts said, amid uncertainty about supplies and as the kingdom targets drawing down global inventories further.

From tomorrow, a bhori of 22-carat gold will cost of Tk 101,243

The countries are: China, Egypt, Pakistan, Qatar, Turkey, Myanmar, Thailand, the Netherlands and the UAE

Developing Asia consists of 46 economies in the Asia-Pacific and excludes Japan, Australia and New Zealand.

Oil prices dropped on Wednesday, as traders were cautious ahead of potentially gloomy manufacturing data and an annual meeting at Jackson Hole, where heavy-hitter central bankers including from the United States will talk interest rates.

South Africa and China on Wednesday signed deals covering emissions technology, electricity transmission and distribution, and nuclear power on the sidelines of the BRICS summit.