Tata seals deal with Pegatron for iPhone plant in India's Tamil Nadu, sources say

Tata will hold 60 percent and run daily operations under the joint venture, while Pegatron will hold the rest and provide technical support
18 November 2024, 05:29 AM

Elon Musk's political rise stirs hopes for banks that financed his X purchase

Some of the lenders in the consortium, which included Morgan Stanley and Bank of America, think Musk's emergence as a close aide to Republican President-elect Donald Trump could boost the prospects of X
17 November 2024, 05:27 AM

Strong US data feeds doubts about Fed December rate cut

US central bankers continued to express faith that inflation was coming under control and would allow the central bank to lower its benchmark rate over time from the current 4.5 percent-4.75 percent range,
16 November 2024, 08:44 AM

US industrial production slump stretched in October

Industrial output fell by 0.3 percent in October after declining by a revised 0.5 percent a month earlier, the Fed said in a statement.
16 November 2024, 07:58 AM

US finalizes up to $6.6 bn funding for chip giant TSMC

The Biden administration's announcement comes around two months before President-elect Trump takes office
16 November 2024, 07:55 AM

Malaysia's Daim Zainuddin, reformist ex-finance minister, dies at 86

The 86-year-old, who was credited with investor-friendly policies and privatisation of state-owned firms under former Prime Minister Mahathir Mohamad, died at a hospital on the outskirts of Kuala Lumpur, the family said in a statement.
14 November 2024, 06:53 AM

Trump victory signals golden era for crypto industry

Trump's impending presidency has spurred an enthusiastic market response, with bitcoin surging more than 25 percent in a week and breaking through the $90,000 mark for the first time
14 November 2024, 05:35 AM

Russia's growth dips as inflation weighs on economy

Growth in the third quarter was 3.1 percent year-on-year, the Rosstat federal statistics agency said, down from a rate of 4.1 percent in the second quarter
14 November 2024, 05:27 AM

Up to Tk 50 fee imposed on online tax payments

The fee will be Tk 20 for payments of up to Tk 25,000 and Tk 50 for up to Tk 50,000
13 November 2024, 12:17 PM

India's middle class tightens its belt, squeezed by food inflation

Slowing urban spending over the past three to four months has raised questions about the structural nature of India's long-term economic success
13 November 2024, 09:22 AM

Samsung Electronics shares hit 4-year lows on Trump risks, AI chips

The South Korean tech giant is the worst performing stock among global chipmakers like TSMC and Nvidia this year
13 November 2024, 05:42 AM

Boeing expects post-strike output recovery to take several weeks

In the first 10 months of the year, Boeing said it delivered 305 airplanes, down from 405 in the same period last year
13 November 2024, 05:27 AM

Deal with Japan can boost trade

The signing of an economic partnership agreement (EPA) between Bangladesh and Japan will increase bilateral trade and open a new door of opportunities for the South Asian country, Commerce Adviser Sk Bashir Uddin said yesterday.
12 November 2024, 20:40 PM

Reserves drop below $20b after ACU payment

After remaining above the $20 billion mark for just three days, Bangladesh's foreign currency reserves dropped to $18.46 billion after the country paid its regional import bills on October 9.
12 November 2024, 20:20 PM

Chic Wings (BD) Lingerie to invest $18 million in Bepza Economic Zone

The Sino-Singapore firm will set up a garment manufacturing factory
12 November 2024, 12:09 PM

Boeing reaches settlement to avert civil trial in MAX crash

It originally involved six plaintiffs but until now all but one had settled, according to a source familiar with the case.
12 November 2024, 06:59 AM

BB allows imports of 11 Ramadan commodities on credit

The benefit will remain valid until March 31 next year
11 November 2024, 14:43 PM

Inflation pushes people to compromise on priorities: commerce adviser

Sk Bashir Uddin says he will work hard together with everyone to control commodity prices
11 November 2024, 12:30 PM

Rupee slips to record low

However, the Indian currency avoids sharp losses on central bank's intervention
11 November 2024, 11:44 AM

Asian stocks slide as China stimulus disappoints; bitcoin extends record rally

Bitcoin climbed to an all-time high as Donald Trump's victory in the US presidential election along with pro-crypto candidates being voted to Congress spurred expectations of a light-handed regulatory environment.
11 November 2024, 07:02 AM