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Top related persons:
Bangladesh Taka - 1 Ruma Paul - 1 Matthew Chye - 1
Top related locs:
SINGAPORE Bangladesh China Zara
Top related orgs:
Walmart - 1 Reuters Graphics Reuters - 1 Power - 1 Power Grid Co - 1 Reuters Graphics - 1 Oil - 1 Bangladesh - 1 U.S . - 1

Search resuls for: "Bangladesh Taka"


2 mentions found


☆ Bangladesh's worst electricity crisis in a decade
  + stars: | 2023-06-07 | by ( Sudarshan Varadhan Carman Chew | Sudarshan Varadhan | Carman Chew | ) www.reuters.com   time to read: +3 min
SINGAPORE, June 7 (Reuters) - Bangladesh is facing its worst electricity crisis since 2013, a Reuters analysis of government data shows, due to erratic weather and difficulty paying for fuel imports amid declining forex reserves and value of its currency. Bangladesh, the world's second-largest garments exporter behind China supplying global retailers including Walmart, H&M and Zara, has been forced to cut power for 114 days in the first five months of 2023, a Reuters analysis of power grid data showed. Supply was short of demand by as much as 25% early on Monday, the data showed. Over 40% of the 7.5 GW of power plants running on diesel and fuel oil could not operate because they lacked fuel, according to the operator. Power imports by the energy hungry nation, which has very little renewable capacity, held steady at less than 10% of total supply, the data showed.
Persons: Bangladesh Taka, Ruma Paul, Matthew Chye Organizations: Walmart, Reuters Graphics Reuters, Power, Power Grid Co, Reuters Graphics, Oil, Reuters, Bangladesh, U.S ., Thomson Locations: SINGAPORE, Bangladesh, China, Zara
☆ King dollar commands surge in remittances
  + stars: | 2022-11-10 | by ( Harish Sridharan | ) www.reuters.com   time to read: +3 min
The U.S. dollar index , which measures its performance against a basket of major currencies, is up 14.5% this year. The dollar's long rallyTransfer volumes at Remitly (RELY.O) leapt 44% to $7.5 billion in the September quarter. Larger rival Wise (WISEa.L) said volumes were up 49% to 24.4 billion pounds ($28.2 billion) in the July quarter. MoneyGram International (MGI.O) and PayPal Holdings (PYPL.O) have also posted an uptick in turnover and transactions in their third quarter. "Some of us get to match or not get too affected by inflation because we earn in U.S.
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