Reserves fall to $19.5bn after clearing import bills In Bangladesh

Bangladesh gross foreign currency reserves have fallen to around $19.5 billion after the payment of $1.21 billion import bills for September and October through the Asian Clearing Union. Bangladesh Bank spokesman Mezbaul Haque said on Wednesday that the payments were adjusted in the central bank’s account with the New York Federal Reserve on Tuesday. The … Read more

Customers select tomatoes at a stall inside a morning market in Beijing

China’s consumer prices swung back into contraction and factory-gate deflation persisted in October as domestic demand struggled, weighing on the outlook for any broader-based recovery in the world’s second-largest economy. The consumer price index (CPI) dropped 0.2% in October from a year earlier, data from the National Bureau of Statistics (NBS) showed on Thursday, a … Read more