Gold advanced on Friday buoyed by a weaker dollar and was poised for its biggest weekly gain since mid-November, as a global banking crisis sent investors flocking to the safe-haven metal. Spot gold was up 0.5% at $1,928.45 per ounce, as of 0612 GMT. Bullion has risen about 3.2% this

Onion prices shot up in Bangladesh after the government stopped issuing import permits (IP) for the popular cooking ingredient on Thursday (March 16) in a bid to protect the interest of local growers. Ramadan is imminent and there is a halt in Indian onion imports through the Hili land

The gold market was trading near its new daily highs after retail sales fell in February, showing that consumers are slowing their activity after a strong start to the year. U.S. retail sales dropped 0.4% last month following a jump of 3.2% in January, according to the latest data from

Investors are embracing the gold market amid the quickly escalating banking contagion fears. Strong demand for the precious metal is keeping prices at 5-week highs Wednesday. The banking sector roiled Wednesday as shares of Credit Suisse — a Swiss bank with extensive U.S. and

Gold and silver prices surged on Monday, as their safe-haven appeal drew in investors spooked by the collapse of Silicon Valley Bank, with the crisis also sparking hopes the U.S. Federal Reserve would have to slam the brakes on its aggressive monetary policy. The U.S. dollar and

Russia has agreed to extend the Ukraine grain export deal following talks with the United Nations on Monday — but only for a further 60 days. Moscow said it wanted to see "tangible progress" on a parallel agreement on Russian exports before the deal comes up for renewal

The gold market is holding on to solid gains Sunday evening after a strong open driven by growing concerns that the U.S. banking sector is on the verge of another financial crisis. The gold market is trading near a five-week high, even as prices have fallen from their session highs, a

Bangladesh's banking sector is girding for a rougher ride after Moody's, one of the big three global rating agencies, downgraded its outlook for the sector from "stable" to "negative." Economists and financial analysts say last week's downgrade is a

Oil giant Saudi Aramco has reported earning $161bn last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists. The monster profit by the firm, known formally as the Saudi Arabian Oil Co., came off the back of

Bangladesh Bank Governor Abdur Rouf Talukder said a section of directors in banks are considering themselves as ‘owners’ while other bankers facilitating the irregularities. He said: “Ethics and good governance are important for banking sector. However, some banks

US regulators have shut down Silicon Valley Bank (SVB) and taken control of its customer deposits in the largest failure of a US bank since 2008. The moves came as the firm, a key tech lender, was scrambling to raise money to plug a loss from the sale of assets affected by higher

Prime Minister Sheikh Hasina today (March 11) inaugurated the "Bangladesh Business Summit 2023" to commemorate the Golden Jubilee of the country's apex business body FBCCI.   She opened the three-day summit as the chief guest at the Bangabandhu International

Mutton and beef prices have gone up in kitchen markets across the capital, which has put a squeeze on consumer wallets. Visiting several kitchen markets in the capital on Friday (Mar 10), beef prices have hit Tk 760 – Tk 800 per kg, a sharp rise from Tk 720 – Tk 750 per kg

Indian government mandates HUID-based hallmarking for gold jewellery and artefacts to protect consumers from fraud and ensure uniform standards of gold quality across the country. The Bureau of India Standards (BIS) has prohibited the sale of hallmarked gold jewelry or gold artefacts

Tokyo shares turned firmer in early trade Tuesday after US shares ended mixed overnight, as investors searched for fresh clues following recent gains. The benchmark Nikkei 225 index hovered around the previous day's close in early trade before advancing, ticking up 0.34 percent, or

United States wants to see a hike in oil production, including from Opec countries, said a senior State Department official on Monday. “As world economies recover, we’ll see more consumption. And therefore we’d like to see supply meet demand,” said Jose

Bay Developments Limited Chief Executive Officer (CEO) Iftekhar Ahmed Khan, and First Vice President (VP) Shafkat Mustafa paid a courtesy call on Bashundhara Group Chairman Ahmed Akbar Sobhan on Sunday (March 5). They met at Bashundhara Group Chairman's residence in the capital

Bangladesh Jeweller’s Association (BAJUS) has introduced a media award to encourage journalists to write informative, investigative and research-based reports on the country’s jewellery industry. The trade body will recognise a total of 12 reports in four categories --

The bloc's ETIAS visa waiver scheme was set to be introduced in November this year. However, the launch has now been pushed back to 2024. Under the scheme, all non-EU passport holders will have to apply for permission to enter Europe prior to travelling. They will be charged

The prices of broiler chicken and onions have witnessed further hikes in the capital’s kitchen markets in just a week, creating pressure on the middle- and low-income consumers. Visiting several kitchen markets in the capital on Friday (March 3), it was found that broiler chicken