Asian markets were choppy on Tuesday as investors weighed whether strong US corporate earnings would boost AI-related stocks in the region, while oil prices bounced back after attacks on shipping in the Strait of Hormuz. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.1%, as volatile South Korean shares swung between gains and […]
Read MoreBy Mohammad Mozammel Hossain Bangladesh’s foreign exchange reserves have increased again, driven by a strong rise in remittance inflows, according to the latest data released by the Bangladesh Bank on Monday. The country’s gross foreign exchange reserves climbed to $36.469 billion ($36,469.94 million), according to the central bank’s Forex Reserve and Treasury Management Department. The […]
Read MoreMumbai: India’s forex reserves jumped by USD 2.362 billion to USD 703.308 billion during the week ended April 17, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the forex kitty had increased by USD 3.825 billion to USD 700.946 billion. The country’s forex reserves had expanded to an all-time […]
Read MoreChinese President Xi Jinping’s special representative, Ding Xuexiang, stated on Friday that the successful launch of the fourth phase of the Galkynysh gas field will take China-Turkmenistan energy cooperation to a new level. Ding, also Chinese vice premier and a member of the Standing Committee of the Political Bureau of the Communist Party of China […]
Read MoreDHAKA: Despite efforts to mitigate supply disruptions, Bangladesh was forced to hike fuel prices on Sunday, as Prime Minister Tarique Rahman’s economic stabilization plans are facing a setback from the US–Israeli war on Iran. A country of 170 million people, which relies on imports for 95 percent of its energy needs, Bangladesh has been struggling […]
Read MoreWASHINGTON/ISLAMABAD: Shipping through the Strait of Hormuz was at a standstill on Sunday after Iran reasserted control over the strategic waterway that is key to global energy supply, days before a fragile ceasefire with the United States was set to expire. Iran’s top negotiator said recent talks with the US had made progress, while President […]
Read MoreSouth Korea’s March exports probably rose at the strongest pace in nearly five years on a boom in chip demand fuelled by artificial intelligence investment, although the Iran war was set to drive up imports and inflation, a Reuters poll showed on Monday. Exports from Asia’s fourth-largest economy, a bellwether for global trade, were projected […]
Read MoreNEW DELHI: India has delayed plans to send a trade delegation to Washington this week, chiefly because of uncertainty after the US Supreme Court struck down tariffs imposed by President Donald Trump, a source in its trade ministry said on Sunday. One of the first concrete reactions among Asian nations to the decision, it follows […]
Read MoreBy Aidan Jones Resorts are near capacity in Pattaya, Bangkok restaurants are doing a roaring trade and the strict time slots to visit the Louis Vuitton pop-up “hotel” in the Thai capital are fully booked. As this year’s Lunar New Year holiday draws to a close, Thailand’s tourist businesses are totting up the receipts from […]
Read MoreIndia moved to deepen trade ties with Brazil on Saturday, signing a pact to expand cooperation in mining and minerals as it seeks to meet rising domestic steel demand and support capacity expansion amid a global race for raw materials. The agreement was signed in the presence of India’s Prime Minister Narendra Modi and Brazilian […]
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