Bangladesh trade deficit hits historic high of $30.81 billion
Many banks are now facing inadequate US dollars due to the high imports, which has consequently left an adverse impact on the exchange rate of the taka against the dollar.
Finance
China’s Silk Road E-commerce plan to draw investment
Silk Road E-commerce is a platform for enhancing closeness, solidarity, and economic and trade cooperation between Cambodia and China.
Russia is hours away from its first foreign default in a century
The country tipped very near to such a moment earlier this year, but managed a last-ditch escape by switching payment methods.
The rise of Islamic banking
Islamic banking in Pakistan appears to be unstoppable — while conventional banking deposits grew an average of 13 per cent annually, Islamic banking deposits have grown by 42…
Pakistan, terrorism and elections
A deadly suicide bombing highlights Pakistan’s tenuous political and terrorism-related situation ahead of the July 25 polls. A deadly suicide bombing at a campaign rally in…
China and US reach trade agreement after earlier grandstanding
Special envoys from the US and Chinese presidents reach an agreement to halt further trade-war escalation. A delegation led by Vice-Premier Liu He, President Xi Jinping’s…