Moscow said it would not oppose prolonging the so-called Black Sea Grain Initiative aimed at easing the global food crisis

Not long after California startups started pulling money out of troubled Silicon Valley Bank, entrepreneurs in other parts of the world woke up to the news.

Silicon Valley Bank (SVB), the 16th largest lender in the United States, has not reportedly faced any scam or lack of corporate governance. Still, it could not avoid the collapse. 

Ensuring infrastructure facilities and logistics support in Bangladesh are the main challenges for the country to flourish in global trade, according to a top official of a global logistics company.

Some financial industry executives and investors were growing increasingly concerned on Saturday that the collapse of Silicon Valley Bank could have a domino effect on other US regional banks if regulators did not find a buyer over the weekend to protect uninsured deposits.

Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and investors stranded.

The government has given go-ahead for the import of around 5,200 tonnes of jute seeds from India this season.

Indian billionaire Gautam Adani and his family have prepaid all borrowings backed by his conglomerate Adani Group’s shares, senior executives told investors at a meeting in London, Bloomberg News reported on Wednesday, citing people who attended the meeting.

Private Indian refiners are jostling with independents in China for Russian ESPO crude loading in April, pushing prices higher after Moscow lowered exports of its flagship grade Urals, industry sources said.

Russian Foreign Minister Sergei Lavrov said Thursday that extending a deal that allowed grain exports from Ukraine to resume was becoming “complicated” as he claimed it was not being properly implemented.

The United States is prepared to speed up interest rate hikes –- and could raise them higher than anticipated -- if needed to cool inflation and a strong jobs market, Federal Reserve Chair Jerome Powell said Tuesday.

The Export-Import Bank of China has told Sri Lanka it will try to finalise in the months ahead how it treats debt owed by the crisis-hit nation, according to a letter seen by Reuters which also reiterated a moratorium for debt due in 2022 and 2023.

Russia is consulting with its allies about challenging the US nominee to head the World Bank, Moscow’s top representative at the bank said on Tuesday, a move that could complicate what was expected to be a smooth succession process.

US-led international sanctions on Russia have begun to erode the dollar’s decades-old dominance of international oil trade as most deals with India - Russia’s top outlet for seaborne crude - have been settled in other currencies.

The High Commission of Sri Lanka in Dhaka together with the Sri Lankan expatriate community and associations organised an evening programme today at the Dhaka Sheraton to showcase trade, investment, and tourism opportunities in Sri Lanka

The dollar steadied on Monday as investors awaited testimony from Federal Reserve Chair Jerome Powell ahead of the February jobs report at the end of the week that will likely influence how much more the US central bank will raise interest rates.

Oil prices fell on Monday after China set a lower-than-expected target for economic growth this year at around 5 per cent, and as investors cautiously awaited US Federal Reserve Chair Jerome Powell’s testimony this week.

The step may increase the supply of the US dollar in the forex market

The British public’s expectations for inflation over the coming year and five to 10 years ahead rose unexpectedly in February, US bank Citi said after publishing a monthly survey conducted by market research company YouGov.

Underlying inflation in the euro zone will stay high in the near term so a 50 basis point European Central Bank interest rate increase later this month is increasingly certain, ECB President Christine Lagarde told Spanish media group Vocento.