Business
One-two punch of new virus, falling oil prices threaten Iraq
The economic fallout from the coronavirus coupled with a sudden drop in oil prices is threatening to catapult Iraq into an unprecedented crisis.
BB relaxes loan repayment method for coronavirus
Bangladesh Bank has relaxed the loan repayment system considering the impact of coronavirus on trade and business.
Ford suspends dividend, borrows to weather virus downturn
Ford is suspending its dividend to preserve cash as vehicles sales fade due to the coronavirus outbreak.
Small business falls victim to virus
The coronavirus delivered a pair of gut punches to Theodore Peck, owner of a coffee shop and bakery in Brooklyn.
Asian shares tumble: SKorea's Kospi drops 7%, Tokyo 1%
Shares in Asia tumbled further on Thursday after the Dow industrials plunged 6.3% despite more government help for economies reeling from virus outbreaks.
Islami Bank inaugurates sub-branch at Malibag of Dhaka
Islami Bank Bangladesh Limited inaugurated a sub-branch at DIT road in Malibag Chowdhurypara area in the capital on Sunday.
China reports Jan-Feb economic activity worse than expected
China's consumer spending and factory activity fell more than expected in January and February as it fought a virus outbreak, prompting some forecasters to warn this year's economic growth might slump to its lowest level since the 1970s.
Global stock markets, US futures fall after Fed rate cut
Global stock markets and U.S. futures fell Monday after central bank moves to shore up economic growth failed to dispel investor's fears over anti-virus controls that are shutting down global business and travel.
U.S. Fed cuts rates to near zero amid coronavirus fallout
In a surprise announcement, the U.S. Federal Reserve on Sunday cut its benchmark interest rate by a full percentage point to near zero and pledged to boost its bond holdings by at least 700 billion U.S. dollars amid mounting fears over the COVID-19 outbreak.
Stock futures sink after rate cut, new virus restrictions
U.S. stock futures fell sharply after the Federal Reserve slashed interest rates and more companies and governments took action over the weekend to shut down European and American society in the face of the growing virus outbreak.