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

Japan’s economy slows in Q3

Japan’s economy expanded by an annualised 0.9 percent over the July-September quarter, government data showed on Friday, slowing from the previous three months due to tepid capital spending though an unexpected pickup in consumption added a bright spot.
17 November 2024, 18:00 PM

India’s forex reserves fall for sixth week

India’s foreign exchange reserves  dropped for a sixth consecutive week to a near 3-month low of $675.65 billion as of Nov. 8, data from the Reserve Bank of India (RBI) showed on Friday.
17 November 2024, 18:00 PM

US firms bullish on China’s industrial transformation

China’s ongoing transformation and upgrade of traditional industries, coupled with the expansion of emerging sectors, will offer manufacturers in the United States vast opportunities for growth and commercial engagement, said executives of US corporations.
17 November 2024, 18:00 PM

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

EU sees eurozone growth ticking up in 2025 but risks loom

The European Commission on Friday predicted economic growth to pick up slightly and inflation to keep falling in the eurozone next year, while warning of growing risks linked to geopolitical tensions.
16 November 2024, 18:00 PM

UK economy slows, hits govt’s growth plans

Britain’s economy grew less than expected in the third quarter, official data showed Friday, dealing a blow to the Labour government that has set its sights on growth expansion.
16 November 2024, 18:00 PM

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

US consumer inflation rises in October on higher housing costs

US consumer inflation edged higher last month spurred by an increase in housing costs, according to government data published Wednesday, complicating the US Federal Reserve’s plans to cut interest rates.
14 November 2024, 18:00 PM

Trump victory signals golden era for crypto industry

Donald Trump’s triumphant return to the White House signals a potential golden era for cryptocurrencies, whose influential backers heavily supported his presidential bid.
14 November 2024, 18:00 PM

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

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