Sri Lanka approves controversial foreign debt deal

President Anura Kumara Dissanayake said his government would honour his predecessor's deal
5 October 2024, 04:33 AM

Cabinet approves new export policy

The policy targets $110 billion export by FY27
3 October 2024, 13:42 PM

How is US dockers' strike affecting international trade?

US dockers launched strike action on Tuesday in 36 ports on the East Coast and Gulf of Mexico. Around half of North America's maritime trade passes through those ports
3 October 2024, 08:22 AM

Climate change, economics muddy West's drive to curb Chinese EVs

The European Parliament is expected to vote Friday on whether to impose hefty tariffs on imported EVs from China -- part of a bid to protect its automotive industry from low-cost, subsidised competition
3 October 2024, 06:19 AM

Samsung says planning job cuts in some Asian operations

The world's largest memory chipmaker is modifying staffing levels in Southeast Asia, Australia, and New Zealand, a company spokesman told AFP, adding that "the adjustments include job cuts"
3 October 2024, 04:55 AM

Why oil price yet to ignite on Middle East escalation?

Benchmark oil contract, Brent North Sea crude, has rallied about five dollars this week after Iran's missile attack on Israel -- but remaining around $75 per barrel
3 October 2024, 04:50 AM

Non-resident Bangladeshis can now get up to Tk 10 lakh in bank loans

Repayments will be made from the remittances sent home
2 October 2024, 13:07 PM

Inflation eases in Sep but still above 9%

The consumer price index stood at 9.92%, down from previous month's 10.49%
2 October 2024, 12:23 PM

Govt to buy two cargoes of LNG from spot market

The first consignment will cost Tk 640.15 crore and the second one Tk 649.59 crore
2 October 2024, 11:39 AM

AI's next feat will be its descent from the cloud

Google owner Alphabet, Microsoft and Meta Platforms, which owns Instagram and Facebook, are forecast to spend a combined $160 billion in capital expenditures next year,
2 October 2024, 11:19 AM

Apple accused by US labor board of imposing illegal workplace rules

The complaint accuses Apple of "interfering with, restraining, and coercing employees in the exercise of" their rights under federal labor law
2 October 2024, 07:55 AM

Stock markets slump, oil jumps on Middle East concerns

US and European stocks turned sharply lower after the strikes, which Iran launched in response to the killings of Tehran-backed militant leaders
2 October 2024, 05:18 AM

Tariffs risk raising costs for US consumers: IMF chief

"Tariffs are very blunt instruments," Georgieva, managing director of the International Monetary Fund, told CNBC in an interview.
2 October 2024, 05:10 AM

Oil extends rally after Iran attack, Hong Kong resumes surge

Both main crude contracts jumped more than five percent at one point Tuesday after Iran fired dozens of missiles at Israel in response to the killings of Tehran-backed militant leaders
2 October 2024, 05:07 AM

Sri Lanka to review sovereign bond restructure deal

Restructuring the debt is a cornerstone of the International Monetary Fund rescue plan Sri Lanka agreed to last year after an unprecedented economic crisis
1 October 2024, 07:49 AM

Business confidence flat among Japan's big manufacturers

The Bank of Japan's Tankan survey reports the difference between the percentage of firms who see current business conditions as favourable, and those that do not
1 October 2024, 05:20 AM

US Fed Chair sees 'further disinflation' in economy

The rate-cut lowers the cost of borrowing for consumers and businesses, bringing some relief to households weeks before November's presidential election -- even as the Fed works independently of the US administration
1 October 2024, 05:10 AM

Collaboration between private, public sectors a must now: finance adviser

A delegation of the Foreign Investors’ Chamber of Commerce and Industry meets Salehuddin Ahmed
30 September 2024, 14:14 PM

Debt servicing surges 47% in Jul-Aug

The amount hit $589 million in the first two months of FY25
30 September 2024, 13:41 PM

Painful policy choices loom after China's 'monumental' consumer stimulus plan

Beijing plans to issue sovereign bonds worth about 2 trillion yuan ($284 billion) this year, in part to subsidise consumer goods purchases and child support, effectively transferring funds to households
30 September 2024, 11:10 AM