Oil prices rose on Monday to $88 a barrel, extending last week's gains on the back of a stronger outlook due to an expected economic recovery in top oil importer China this year. Brent crude was up 42 cents, or 0.48%, to $88.05 at 1025 GMT, while West Texas Intermediate (WTI) U.S.

Bangladesh Jewellers Association (BAJUS) President and country’s largest business conglomerate Bashundhara Group Managing Director Sayem Sobhan Anvir said everyone will have to work together to take the gold industry forward. He said this while inaugurating the own office of the

A huge amount of foreign currency is being wasted by importing non-essential products which are being produced in the country.  According to a data of Bangladesh Bank, 45 percent of the total import expenditure was spent in such products in the fiscal year 2021-22. About 4,900

Bangladesh Jeweller’s Association (BAJUS) has urged the gold retailers to keep accuracy in gold trading to avoid unnecessary harassment in business. “If you say 21 carat, you have to pay for 21 carat. BAJUS will always be on the side of honest gold traders. BAJUS will take

Bangladesh Jewellers Samity (BAJUS) President and Bashundhara Group Managing Director Sayem Sobhan Anvir today expressed profound shock at the demise of BAJUS vice president Anisur Rahman Dulal. In a condolence message, Bashundhara Group MD prayed for the salvation of the departed

Anisur Rahman Dulal, vice president of Bangladesh Jewellers Samity (BAJUS), passed away early Saturday at the age of 69. Dulal, the owner of L Rahman Jewellers, breathed his last at around 1:30am at Square Hospital in the capital. Anisur Rahman Dulal was the vice-president of Baitul

Ananta Group hosted IMF DMD Antoinette Monsio Sayeh and other high officials of IMF team on January 16. Throughout the visit, she was very positive and impressed to see the modern state production facilities in Bangladesh and how the government is supporting the entrepreneurs. RMG

Netflix announced Thursday that its founder Reed Hastings is stepping down as co-CEO at the company and will serve as executive chairman. Hastings will be replaced by co-CEOs Ted Sarandos and Greg Peters. “Our board has been discussing succession planning for many years (even

Investment demand for gold should push prices to all time-highs above $2,000 in 2023 as the U.S. economy falls into a recession, according to David Rosenberg, founder and chief economist at Rosenberg Research. In an exclusive interview with Kitco News, Rosenberg said that when it comes

As society becomes more complicated with the introduction of new technology, one researcher has issued a warning that the dwindling supply of resources in the face of growing demand means we need to improve how we use and recycle them. In a research paper recently published in the

The US has become India’s largest export market for gold jewellery ahead of the UAE, the World Gold Council (WGC) said in a report. According to WGC, the US became the largest market for Indian gold jewellery due to additional tariffs on Chinese jewellery to the US, which made

The government will procure 1.10 crore litres of Soybean oil for the state-run Trading Corporation of Bangladesh (TCB) from local suppliers. The decision came from a meeting of the Cabinet Committee on Public Purchase today (Jan 19).  Finance Minister AHM Mustafa Kamal presided

When I recently went to talk to some school children about the nature of money, I brought props: a cowrie shell, a piece of play paper and a small handful of shredded dollar bills. Which of these, I asked, is money? The point I wanted to make: It is all about belief. If everyone agrees

Bangladesh Bank (BB) has reset the prices of commemorative gold coins citing a price hike of the metals in local and international markets.  Prices of gold coins issued on the occasion of the International Mother Language Day 2000, Birth Centenary of Bangabandhu Sheikh Mujibur

Bangladesh Jeweler’s Association (BAJUS) former president said Bangladesh will export gold soon after fulfilling the demand on local market. BAJUS District Monitoring Standing Committee Chairman Dilip Kumar Roy said: “Under the leadership of BAJUS president and Bashundhara

Gold held near nine-month highs on Monday, aided by expectations of slower interest rate hikes from the U.S. Federal Reserve. FUNDAMENTALS Spot gold was little changed at $1,918.60 per ounce, as of 0014 GMT. Earlier, prices had hit $1,922.25, its highest since April 2022. U.S.

The world’s top 1 percent grabbed nearly two-thirds of the $42 trillion in new wealth created since 2020, Oxfam says in a new report released to coincide with the annual meeting of the World Economic Forum in Davos, Switzerland. The share was almost twice as much money as the

The world’s top 1 percent grabbed nearly two-thirds of the $42 trillion in new wealth created since 2020, Oxfam says in a new report released to coincide with the annual meeting of the World Economic Forum in Davos, Switzerland. The share was almost twice as much money as the

Bangladesh Bank Governor Abdur Rouf Talukder said the country will be protected from any economic hardship following the ‘cautiously accommodative’ monetary policy. He made the observation while unveiling a monetary policy at BB head office in the capital on Sunday. The

Bangladesh Bank (BB) today announced ‘cautiously accommodative’ Monetary Policy Statement (MPS) for the second half of the current fiscal year 2022-23 (H2FY23). “BB’s monetary and credit programs for H2FY23 will pursue a cautiously accommodative policy stance to