BGMEA's training held in Ctg

CHATTOGRAM, July 01: The certificate giving ceremony was held after the end of a two-day training of garment employees and workers in the port city on Thursday afternoon. The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in association with the International Labor Organisation (ILO) arranged the training on Social Dialogue...

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OPEC oil output again misses target in June as outages weigh

LONDON, Jul 1 (Reuters): OPEC in June did not deliver on an oil output increase pledged under a deal with allies, a Reuters survey on Friday showed, as involuntary declines in Libya and Nigeria offset supply increases by Saudi Arabia and other large producers.The Organization of the Petroleum Exporting Countries...

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India raises import tax on gold to 12.5pc from 7.5pc

India has raised its basic import duty on gold to 12.5% from 7.5%, the government said on Friday, as the world's second biggest consumer of the precious metal tries to dampen its demand and bring down the trade deficit, reports Reuters.India fulfils most of its gold demand through imports, which...

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EU sees smaller wheat crop, record exports in 2022/23

MOST ACTIVE PARIS, July 1 (Reuters): The European Union's executive on Friday lowered its forecast for soft wheat production in the bloc in 2022/23 to well below last season's level but maintained its outlook for record exports.In supply and demand data, the European Commission pegged usable production of common wheat,...

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Gold set for weekly dip as India import duty hike adds to headwinds

Gold fell below $1,800 on Friday en route to a third straight weekly dip as a stronger dollar and prospects of higher interest rates eroded its safe-haven appeal, with an import tax hike by India also seen dampening demand for bullion, reports Reuters.Spot gold fell 0.6% to $1,795.89 per ounce...

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