Economy

Qatar will leave OPEC next month in order to focus on gas production, the Gulf state’s new Energy Minister Saad al-Kaabi announced in a surprise move on Monday. Qatar has been a member...

The UK inflation rate remained steady at 2.4% in October, confounding analyst expectations of a rise to 2.5%. The Consumer Prices Index (CPI) figure included falls in food and clothing costs, but rising...

Japan‘s economy shrank in the third quarter as natural disasters hit spending and disrupted exports. The economy contracted by an annualized 1.2% between July and September, preliminary figures showed, reports BBC. A devastating...

After years of low, low prices, fed by near-zero interest rates in a convalescing economy, Americans are waking up to costlier consumer living. Everyday household staples like diapers, toothpaste, shampoo and dishwashing liquid...

Economic growth in Palau is expected to have picked up moderately to 0.4 percent in FY2018 and is projected to increase further to 2 percent in FY2019. The team welcomes the authorities’ plan...

Oil rebounded to $73 a barrel on Wednesday after falling to its lowest since August, supported by a report that Russia and Saudi Arabia are discussing oil output cuts in 2019. Russia’s TASS...

Bangladeshi transportation technology company Pathao Limited and BRAC Bank Limited have signed an agreement to finance motorbikes for the rider. This is the first collaborative rider financing in the country involving a bank...

Prominent Bangladeshi BRAC Bank Limited organized a workshop on “Prevention of Money Laundering and Combating Financing of Terrorism” in Feni. A total of 126 officials of the Feni and Noakhali region participated in...

A staff team from the International Monetary Fund (IMF) led by Manuela Goretti visited Colombo during September 13-27, 2018 to hold discussions on the fifth review of the Sri Lanka’s economic program supported...

Prices in Japan edged up modestly in August, according to government data on Friday, as the world’s third-largest economy continues its years-long battle with deflation. Inflation stood at 0.9 percent year-on-year in August, still...