AO Smith acquires Pureit for $120 million

AO Smith Corporation is a Wisconsin-headquartered global water technology company
4 November 2024, 15:33 PM

Newly formed BWTCC starts allocating serials of lighter vessels

The cell also cuts freight rates by up to 5%
4 November 2024, 13:10 PM

US Fed to debate rate cut in shadow of presidential election

The Fed's two-day rate meeting begins on Wednesday, and is expected to result in a quarter percentage-point rate cut the following day.
4 November 2024, 06:52 AM

China to hash out stimulus plan with US elections in its sights

Beijing has in recent months heeded calls to step up support for the economy after years of inaction, announcing a raft of measures including rate cuts and the easing of some home buying restrictions
4 November 2024, 06:48 AM

Denim Expo begins in Dhaka tomorrow

Bangladesh Apparel Exchange will organise the two-day expo
3 November 2024, 13:42 PM

China's BYD boosts production and hiring amid Q3 growth

BYD posted an 11.5 percent rise in third-quarter net profit as it maintained strong sales momentum.
3 November 2024, 09:03 AM

Recent data has kept Fed rate view, soft landing, intact

Employment data for October was among the weakest of recent reports, with prior months revised lower and only 12,000 jobs added
3 November 2024, 05:42 AM

Asia’s factory activity stagnates, taking shine off rebound in China

Asia’s manufacturing activity stagnated in October as a rebound in China failed to give much of a boost to regional factories, private surveys showed, a discouraging sign for policymakers bracing for a potential escalation of US-China trade tensions.
2 November 2024, 18:00 PM

US election: What is at stake for Bangladesh’s exports

As millions of Americans head to the polls on November 5 to vote for either Democratic Vice President Kamala Harris or her Republican rival Donald Trump, apparel business communities in Bangladesh, more than 13,119 kilometres away from Washington, will be watching the results of the presidential election closely.
2 November 2024, 18:00 PM

Dollar rebounds after weak jobs data; traders eye US election

The dollar rose against the euro and rebounded against most major currencies on Friday after traders digested data showing US job growth slowed sharply in October amid disruptions from hurricanes and strike action by aerospace factory workers.
2 November 2024, 18:00 PM

Apple narrowly beats estimates with boost from iPhone sales

The tech giant saw quarterly revenue of $94.9 billion in the three months ending September 28
2 November 2024, 05:36 AM

US hiring slowest since Biden took office, on strikes, hurricanes

The world's biggest economy added just 12,000 jobs last month, far below expectations and down from a revised 223,000 in September
2 November 2024, 05:28 AM

Outstanding bills: Adani halves power supply to Bangladesh

India’s Adani Power Jharkhand Limited has halved its power supply to Bangladesh, saying it has yet to receive outstanding bills.
1 November 2024, 18:02 PM

US economic growth solid despite slight slowdown

The US economy saw resilient growth in the third quarter despite a modest slowdown according to government data Wednesday, less than a week before inflation-weary voters head into the presidential election.
31 October 2024, 18:00 PM

US secret service to train Bangladeshi agencies

60 officials of BFIU, Bangladesh Police, NBR, ACC, BSEC and the Department of Narcotics Control will receive the training
31 October 2024, 14:55 PM

Economy is making a turnaround: finance adviser

Business leaders appreciate the steps taken for the domestic industry
31 October 2024, 13:34 PM

China factory output expands for first time in six months

In October, China's Purchasing Managers' Index (PMI) -- a key measure of industrial output -- was 50.1, the National Bureau of Statistics (NBS) announced, up from 49.8 in September.
31 October 2024, 06:08 AM

Samsung Q3 operating profits soar to $6.6 bn, miss forecast

The world's largest memory chip maker posted an operating profit of 9.18 trillion won ($6.6 billion) "largely due to one-off costs".
31 October 2024, 06:05 AM

China files complaint over EU’s new taxes on its EVs

Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union’s decision to impose hefty tariffs on Chinese-made electric cars.
30 October 2024, 18:00 PM

Slow growth, high debt taking heavy toll on developing nations: UN

Poorer nations are increasingly struggling to navigate the sluggish global economy, the UN warned on Tuesday, calling for a fundamental rethinking of development strategies.
30 October 2024, 18:00 PM