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RBI’s rupee management stretches valuation to near 2-year peak

2023-10-14 00:00:00

MUMBAI, Oct 13 (Reuters): The Indian rupee's valuation against currencies of major trading partners has surged to a near two-year high on central bank intervention and elevated domestic inflation.The rupee's 40-currency real effective exchange rate (REER) shows the rupee was...

Saudi Arabia records 12pc surge in e-commerce registrations

2023-10-14 00:00:00

RIYADH, Oct 13 (Arab News): Saudi Arabia is seeing steady growth in e-commerce businesses, with the total number of registered firms touching 36,330 in the third quarter of 2023 - an annual rise of 12 per cent. The latest data...

Argentina annual inflation hits 138pc ahead of election

2023-10-14 00:00:00

BUENOS AIRES, Oct 13 (AFP): Annual inflation in Argentina rose to 138 per cent in September, official figures showed Thursday, as economic woes mount ahead of a pivotal presidential election.Argentines are already struggling to make ends meet, with about 40...

S’pore economy beats Q3 growth forecast

2023-10-14 00:00:00

SINGAPORE, Oct 13 (AFP): Singapore's economy grew faster than expected in the third quarter, preliminary government estimates showed Friday, as construction and services made up for a continued slump in manufacturing.Gross domestic product expanded 0.7 per cent year-on-year in the...

IMF chief announces Zambia debt deal

2023-10-14 00:00:00

MARRAKESH (Morocco), Oct 13 (AFP): Zambia is close to signing a long-sought debt deal with its foreign creditors, an IMF spokesperson said Thursday after the institution's chief prematurely announced it was signed.Zambia reached an agreement in principle with creditors, which...

China's trade slump eases, boosting recovery hopes

2023-10-14 00:00:00

BEIJING, Oct 13 (Reuters): China released a mixed batch of economic data on Friday showing a slump in exports and imports was gradually easing, but lingering deflationary pressures underlined the challenges policymakers face in trying to engineer a stronger economic...

Ericsson books $3b impairment

2023-10-14 00:00:00

STOCKHOLM, Oct 13 (Reuters): Ericsson on Wednesday announced a 32 billion Swedish crown ($2.9 billion) impairment charge related to its acquisition last year of Vonage, and said core profits fell in the third quarter as demand tumbled in North America.The...

US electric-vehicle sales hit record high

2023-10-14 00:00:00

WASHINGTON, Oct 13 (Reuters): Electric vehicle (EV) sales in the United States jumped to more than 300,000 for the first time in the third quarter, but industry leader Tesla's market share slipped to the lowest on record, a report by...

Youth Entrepreneurship Summit held

2023-10-14 00:00:00

The National Youth Entrepreneurship Summit- 2023 was held on Friday with the participation of aspiring young entrepreneurs across Bangladesh, reports UNB.In Association with the Society for Bangladesh Agricultural Extension Network (BAEN), the Agreen Foundation organised the event at the KIB...

First Security Islami Bank PLC organised a daylong meeting

2023-10-14 00:00:00

First Security Islami Bank PLC organised a daylong meeting in Khulna on Friday with participation of managers, managers operations and sub-branch in-charges under the branches of Khulna and Barishal zone of the bank. Syed Waseque Md Ali, Managing Director of...

Bangladesh economy is on right track: IMF

2023-10-14 00:00:00

MARRAKESH (Morocco), Oct 13 (BSS): Mentioning various measures of the government to address macroeconomic challenges, the International Monetary Fund (IMF) has observed that Bangladesh economy is on the right track."I think, the economy is on right track in terms of...

European gas prices jump

2023-10-14 00:00:00

European gas prices rallied in the week to Oct. 13 as geopolitical risk factors trumped supply and demand fundamentals with coal and carbon prices only registering moderate gains, reports The Economic Times.Gas price benchmark TTF front-month jumped 46 per cent...

Iron ore buyers bet bad China property news is actually good

2023-10-14 00:00:00

LAUNCESTON, Australia, Oct 13 (Reuters): Iron ore investors appear to be taking the view that bad news is actually good news, bidding up the spot price even as the property woes afflicting top importer China appear to be worsening.The somewhat...

Germany gas supply secure for coming winter

2023-10-14 00:00:00

BERLIN, Oct 13 (AFP): Germany will avoid gas shortages in the coming winter, Berlin's economy minister said, dodging the worst scenarios predicted after Russian gas supplies to the country were cut last year."The (gas) reserves are full. If everything goes...

Oil surges $3 on US sanctions, tight stockpile forecasts

2023-10-14 00:00:00

LONDON, Oct 13 (Reuters): Oil prices leapt $3 on Friday after the US tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, with global inventories forecast to decline through the fourth quarter.Brent futures...

Gold gains on safe-haven inflows, set for best week since March

2023-10-14 00:00:00

SINGAPORE, Oct 13 (Reuters): Gold jumped more than 2 per cent and was set for its best week in seven months on Friday, as conflict in the Middle East lifted safe-haven demand for the metal, combined with expectations that the...

US-Bangla gets recognition as IATA Airline

2023-10-14 00:00:00

US-Bangla Airlines has become the first domestic private airline to be recognised as an International Air Transport Association (IATA) airline, reports UNB.By 2023, 18 airlines in the world have achieved accreditation as IATA Airlines, among which US-Bangla is one. Although...

Vegetable prices go up in Dhaka on short supply after rain

2023-10-14 00:00:00

The vegetable prices have skyrocketed in the kitchen markets of the capital city after the late autumn rain across the country damaged fields.Prices of most of the vegetable increased by Tk20 to 40 per kg selling at Tk 80 to...

India's Gill '99 per cent' ready for Pakistan clash

2023-10-14 00:00:00

AHMEDABAD, India, Oct 13 (AFP): India's Shubman Gill is "99 percent available to play" against Pakistan in the World Cup blockbuster showdown after the opener recovered from dengue fever, captain Rohit Sharma said on Friday.Gill missed the team's opening two...

Cricket approved for inclusion in Los Angeles Olympics 2028

2023-10-14 00:00:00

MUMBAI, Oct 13 (Reuters): Five sports, including cricket and flag football, proposed for inclusion at the Los Angeles 2028 Olympics were approved by the International Olympic Committee executive board on Friday, leaving them with one last hurdle to seal their...

Argentina maintain winning start in World Cup qualifiers

2023-10-14 00:00:00

SAO PAULO, Oct 12 (AP): Lionel Messi hit a post twice after he came off the bench but struggled to deliver a strong performance following his return from injury. Still, Argentina beat Paraguay 1-0 on Thursday in a South American...

Tigers break sixes record in ODI World Cups

2023-10-14 00:00:00

In their third ICC World Cup match against New Zealand in Chennai on Friday, Bangladesh managed to post 245 for nine. They smashed eight sixes as they break their sixes record in ODI World Cups, according to ESPNcricinfo Facebook.Mushfiqur Rahim...

Boult becomes third-fastest to 200 ODI wickets

2023-10-14 00:00:00

CHENNAI, India, Oct 13 (Agencies): Veteran New Zealand fast bowler Trent Boult has become the third-fastest bowler tocomplete 200 ODI wickets. He accomplished the milestone with his second wicket in Friday's World Cup clash against Bangladesh.Boult, who made his ODI...

Battle of nerves as India take on arch-rivals Pakistan today

2023-10-14 00:00:00

Cricket's most famous rivalry resumes as hosts India take on arch-rivals Pakistan in the ongoing World Cup in Ahmedabad, according to BBC Sport.The match today (Saturday) has been described as the "blockbuster event" of the tournament - millions will tune...

North Korea denounces US carrier's arrival in South

2023-10-14 00:00:00

PYONG YANG, Oct 13 (Reuters): North Korea denounced on Friday a US aircraft carrier's visit to South Korea, calling it a provocation that could bring "irrevocable, catastrophic circumstances".The nuclear-powered Ronald Reagan and its strike group arrived in the South Korean...

US, Qatar agree to prevent disbursal of unfrozen Iranian funds

2023-10-14 00:00:00

WASHINGTON, Oct 13 (AP): The U.S. and Qatar have reached an agreement that the Qataris will not act on any request from Tehran for the time being to access $6 billion in Iranian funds that were unblocked as part of...

Widodo brushes off talk of political dynasty

2023-10-14 00:00:00

JAKARTA, Oct 13 (Reuters): Indonesia's outgoing president, Joko Widodo, on Friday brushed off a question about growing criticism that he is building a political dynasty as the end of his term draws near, saying the choice of leader should be...

China deports about 600 N Korean defectors

2023-10-14 00:00:00

SEOUL, Oct 13 (BBC): South Korea says China has forcibly repatriated a "large number" of North Korean defectors. This follows recent reports from human rights groups claiming that as many as 600 North Koreans have been sent back.Seoul said on...

5.2 earthquake shakes Manila

2023-10-14 00:00:00

MANILA, Oct 13 (AFP): A magnitude 5.2 earthquake hit the Philippines on Friday, the US Geological Survey said, shaking buildings in the capital, but there were no reports of casualties or damage.The shallow quake struck about 100 kilometres (62 miles)...

Hamas practiced in plain sight, posting video of mock attack last month

2023-10-14 00:00:00

NEW YORK, Oct 13 (AP): Less than a month before Hamas fighters blew through Israel's high-tech "Iron Wall" and launched an attack that would leave more than 1,200 Israelis dead, they practiced in a very public dress rehearsal.A slickly produced...