Economy News | Daily sun | 2019-07-17
Christine Lagarde resigns as head of IMF By BBC | Last Updated: 17th July, 2019, 12:28

The former French cabinet minister has been head of the IMF since 2011

Christine Lagarde resigns as head of IMF

Exports to India will increase: FBCCI President Exports to India will increase: FBCCI President

FBCCI President in his presentation said that bilateral trade between Bangladesh and India was USD 9.5 billion in 2017-18


Facebook's new currency plan under scrutiny in Congress Facebook's new currency plan under scrutiny

The planned digital currency is billed as a "stablecoin" backed by deposits in sovereign currencies such as the dollar, euro and Japanese yen


Salman for improving in ‘ease of doing business’ ranking Salman for improving in ‘ease of doing business’ ranking

The adviser laid the emphasis while talking on various issues focusing on business policy reforms to attract more domestic and foreign investment 


Zimbabwe inflation rate soars to 175% Zimbabwe inflation rate soars to 175%

Zimbabwe's annual inflation rate hit 175 percent in June


China GDP growth slows to 6.2% in second quarter China GDP growth slows to 6.2% in second quarter

The trade war with the US has hit demand for China's goods, compounding slowing demand from the rest of the world


China’s bank profits to hold steady in 2019: report China’s bank profits to hold steady in 2019: report

The banking sector will face the challenges of intensified competition for capital sources and flexible pricing of deposit interest rates in 2019


AIIB reaches 100-member milestone AIIB reaches 100-member milestone

The three prospective non-regional members will officially join AIIB once they complete the required domestic processes 


Bangladesh making remarkable progress in poverty reduction: UNDP report 'Bangladesh making remarkable progress in poverty reduction'

The report identified 10 countries, with a combined population of around 2 billion people, to illustrate the level of poverty reduction


Asian markets on course to end week on positive note Asian markets on course to end week on positive note

The broad gains follow another record lead from Wall Street, where the Dow ended above 27,000 for the first time


Japan crypto exchange loses $32 million of virtual money Japan crypto exchange loses $32 million of virtual money

The losses, which include bitcoins as well as Ethereum, Ripple and other kinds of cryptocurrencies, are under investigation


Asian equities rally, dollar extends losses on Fed rate cut bets Asian equities rally, dollar extends losses on Fed rate cut bets

US equities surged, with the Nasdaq ending at a record high and the greenback going into retreat, and the trend continued into Asia


Progress over financial inclusion in Bangladesh exciting: Queen Maxima Progress over financial inclusion in Bangladesh exciting: Queen Maxima

The visiting Dutch Queen made the remarks at a views-exchange meeting with development partners and financial technology sector, organised and hosted by UNDP at the UN offices in the city


UK economy probably shrank for first time in seven years UK economy probably shrank for first time in seven years

The prediction for a 0.1% contraction marks a downgrade from June, when economists only predicted stagnation


Robi partners with Bank Asia over micro-merchant initiative Robi partners with Bank Asia over micro-merchant initiative

Robi has recently partnered with Bank Asia to launch micro-merchant initiatives. They will begin with…


Cyber attacks cost $45 bn in 2018 as ransomware hits hard Cyber attacks cost $45 bn in 2018 as ransomware hits hard

Various security researchers found as many as 6,515 computer breaches and five billion records exposed in 2018


Asian shares retreat ahead of Fed statement to Congress Asian shares retreat ahead of Fed statement to Congress

Investors will be listening closely for any hints on the central bank's interest rate policy on Wednesday


Govt procures 16 lakh tonnes food grains in FY 2018-19 Govt procures 16 lakh tonnes food grains in FY 2018-19

Food Minister Sadhan Chandra Majumder says this while replying to a starred question placed by ruling party lawmaker Md Ayeen Uddin (Rajshahi-3) in the Jatiya Sangsad


US jobs growth surges, wages not so much

US jobs growth surges, wages not so much

Job growth averaged 172,000 per month in the first half


Prof Yunus signals danger of ‘profit-only’ motive Prof Yunus signals danger of ‘profit-only’ motive

He underlined the urgency of stopping the process to let human beings survive saying time is running out very fast


US stocks cap milestone-setting week with modest losses

US stocks cap milestone-setting week with modest losses

The small decline snapped a six-day winning streak for the S&P 500, though the benchmark index still notched a weekly gain


Expats seek ‘protection’ first to invest in Bangladesh Expats seek ‘protection’ first to invest in Bangladesh

The government is currently seeking investment from Bangladesh expatriates living in countries across the world


Asian stocks fall ahead of monthly employment data in US Asian stocks fall ahead of monthly employment data in US

Benchmarks in Shanghai, Tokyo and Hong Kong rose while South Korea's was unchanged


Asian shares fall back after S&P 500 hits fresh record high Asian shares fall back after S&P 500 hits fresh record high

Traders are waiting to see what will come from the latest truce in the US-China trade war


US proposes tariffs on EU cheese, pork and whiskey US proposes tariffs on EU cheese, pork and whiskey

The list also includes sausages, hams, pasta, olives and many other cheeses including reggiano, provolone, edam and gouda


US shares hit record and gold drops as trade talk hopes rise US shares hit record amid trade talk hopes

Market watchers say more optimism around a potential trade deal between the US and China led to the movement


NFOWD for increasing budget allocation for people with disability NFOWD for increasing budget allocation for people with disability

Secretary General of NFOWD Salina Akhter says that there is no exact statistics of  people with disability in the country and so ‘disabled identification survey programmee’ should be launched 


Russia, Saudi agree to extend OPEC production cut deal: Putin Russia, Saudi agree to extend OPEC production cut deal: Putin

The meeting comes against a background of ample global crude supplies, according to both the cartel and the International Energy Agency (IEA)


NSDA logo finalized NSDA logo finalized

The government has finalized the logo of the National Skills Development Authority formed under the…


Deal signed with WB for $100m to improve public service delivery Deal signed with WB for $100m to improve public service delivery

To this end, the government and the WB signed a financing agreement on Thursday, says a WB release


Trump, Xi to talk trade as economic titans jockey for edge Trump, Xi to talk trade as economic titans jockey for edge

The meeting with Xi is one of three Trump is holding Saturday with world leaders displaying authoritarian tendencies


Six countries invited to invest in Bangladesh Six countries invited to invest in Bangladesh

Bangladesh has urged Mali, Namibia, Cyprus, Belarus, Portugal and Iceland to invest in Bangladesh


UN chief urges G20 to make equitable financial reforms UN chief urges G20 to make equitable financial reforms

Antonio Guterres says that fast and equal economic growth should be constructed so that people who live in the 'rust belts' of the world are not left behind


Bangladeshis welcomed to invest in China Bangladeshis welcomed to invest in China

Promising high returns in line with the new laws and further opening up policies, a high-level Chinese official has invited investors from Bangladesh to China


SAARC Food, Seed Bank established SAARC Food, Seed Bank established

SAARC Secretary General Amjad Hussain B Sial  said SAARC has been able to establish the SAARC Food Bank


Bangladesh economic growth continues to be strong: IMF Bangladesh economic growth continues to be strong: IMF

Bangladesh has succeeded in fostering a dynamic and fast-growing economy with significant poverty reduction and the country’s economic growth


Loan for farmers at 4pc interest for non-major crops production: State Minister Loan for farmers at 4pc interest

 Farmers will be able to take loan at 4 percent interest for producing non-major food grains, said State Minister for Rural Development


Bangladesh must modernise public financial management in local govt: WB Bangladesh to empower local govt financially: WB

World Bank noted that the local government institutions play a limited role in delivering services due to limited decision-making and financial authority, lack of resources and staff, and weak capacity


Asian shares rise on optimism around Trump-Xi meeting

Asian shares rise on optimism around Trump-Xi meeting

The meeting is undoubtedly the economic highlight of the summit


IMF, World Bank chiefs address US plan for Palestinians IMF, World Bank chiefs address US plan for Palestinians

The heads of international financial institutions and global investors are addressing a conference intended…

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