News
US consumer sentiment rises to six-month high in early Februaryv
3+ hour, 47+ min ago (399+ words) US consumer sentiment increased to a six-month high in February, though anxiety over the labor market and the rising cost of living because of import-tariff-related inflation remained widespread. The third straight monthly improvement in sentiment reported by the University of…...
The rise and fall (and rise again) of gold prices – what’s going on?
4+ hour, 7+ min ago (874+ words) In late January, the gold price reached an all-time peak of around $5,500 (4,025). January 30 saw one of the largest one-day falls in prices, which sank by nearly 10 percent after hitting a record high only the day before. This was a dramatic…...
US households become increasingly strained in diverging economy
1+ day, 4+ hour ago (646+ words) "Right now, it's a lot -- paying rent, buying food," said Shirleyann Desormeaux, a chef supporting four children in her household. Even with two incomes, "it's still not enough," the 58-year-old added. She said she was keen to work, but has…...
US private sector job growth misses January expectations
1+ day, 23+ hour ago (372+ words) Private sector hiring in the United States in January rose less than analysts expected, payroll firm ADP said Wednesday, with the manufacturing industry leading the slowdown. Private employers added 22,000 jobs last month, significantly below the 45,000 that analysts had forecast. Wednesday's…...
Why gold and silver prices suddenly collapsed
3+ day, 13+ hour ago (1014+ words) After hitting record highs last week, the prices of gold and silver have suddenly reversed course. DW looks at how a euphoric rally flipped into a sharp, confidence-shaking rout." What happened to gold and silver prices over the past week?...
January exports climb 11.2% from December to $4.41 billion
5+ day, 8+ hour ago (117+ words) January exports climb 11.2% from December to $4.41 billion'The Daily Star Merchandise exports from Bangladesh in January rose 11.22 percent month-on-month to $4.41 billion, driven mainly by stronger garment shipments, according to data from the Export Promotion Bureau (EPB) today. In December, exports stood…...
Bankers must stay professional under pressure: Says finance adviser
5+ day, 18+ hour ago (171+ words) Finance Adviser Salehuddin Ahmed has urged bankers to uphold professionalism even in the face of political and bureaucratic pressure. He called on bankers to finance small and medium enterprises, generate employment, maintain transparency, and strictly follow financial and audit norms....
IMF cautions against unsecured liquidity support to weak banks
1+ week, 12+ hour ago (517+ words) The International Monetary Fund has cautioned against unsecured liquidity injections into weak banks in Bangladesh and urged full implementation of exchange rate reforms. The Fund highlighted the urgent need for a credible banking sector reform strategy consistent with international standards…...
Next govt faces ‘clouded outlook’, rising risks: IMF
1+ week, 15+ hour ago (720+ words) The next elected government will inherit an economy with a "clouded outlook" and rising macro-financial risks requiring urgent action, according to the International Monetary Fund's latest assessment. One of the dangers, the IMF said, is the possibility of delayed banking…...
BB’s exchange rate framework incomplete: IMF
1+ week, 2+ day ago (820+ words) Although the authorities say the foreign exchange rate is now fully market-determined, the International Monetary Fund (IMF) has described the system as "incomplete." "Foreign exchange intervention practices remained flawed, the IMF said in its Article IV consultation report released yesterday....