30 October 2024, 14:29 PM

Robi Axiata’s profit rises 78% in Q3

The telecom operator made Tk 188.7 crore in Jul-Sep this year from Tk 106 crore in the same period last year
30 October 2024, 13:23 PM

Google reports strong growth driven by AI, cloud

The technology giant's net income surged 34 percent to $26.3 billion, while earnings per share increased 37 percent to $2.12
30 October 2024, 04:51 AM

Beijing files WTO complaint over EU's new taxes on Chinese EVs

The extra taxes of up to 35 percent were announced Tuesday after an EU probe found Chinese state subsidies were undercutting European automakers
30 October 2024, 04:44 AM

US finalizes curbs on investing in Chinese tech

The new rules, which take effect on January 2 next year, will prohibit US-headquartered firms, citizens, and permanent residents from engaging in transactions involving cutting-edge technology like semiconductors, artificial intelligence (AI), and quantum computing
29 October 2024, 05:19 AM

HSBC reports $8.5 billion pre-tax profit in third quarter

The rise in pre-tax profit to $8.5 billion reflected a strong performance in its wealth management division as well as higher revenues in global banking and markets, HSBC said in an earnings release.
29 October 2024, 05:15 AM

India’s economic growth to stay strong: poll

India’s economy will grow at a solid pace this fiscal year and next, according to a Reuters poll of economists, but they cautioned that key drivers such as job creation and household spending will only increase mildly over the next 12 months.
28 October 2024, 18:00 PM

Boeing plans to launch effort to raise over $15 billion in capital as early as Monday, source says

The new capital is set to come from a mix of the sale of stock and convertible preferred shares, the source added, saying the total amount raised could rise based on demand.
28 October 2024, 05:24 AM

Oil prices tumble as Iran fears ease, yen weakens after Japan polls

Oil prices fell as much as five percent in early trade before paring some of their losses
28 October 2024, 05:20 AM

AIIB head criticises advanced nations for trade barriers

Asian Infrastructure Investment Bank (AIIB) President Jin Liqun on Saturday criticized advanced economies for creating trade barriers including for renewable energy goods, saying there was “no longer free trade” in the global economy.
27 October 2024, 18:00 PM

Ifad Autos exporting AC bus to Bhutan

Ifad Autos has become the first local automobile company to export airconditioned (AC) buses assembled in Bangladesh.
27 October 2024, 18:00 PM

Biden's precise industrial policy may soon mutate

Two years into the US government’s attempt to lure manufacturing of semiconductors and renewable energy back home, the president’s top national security aide, Jake Sullivan, offered a defense of his boss’s major economic choices.
27 October 2024, 10:32 AM

Indonesia bets on SE Asia's first battery plant to become EV hub

Hyundai said the new factory was a commitment to helping the archipelago become a supercharged Southeast Asian EV maker
27 October 2024, 04:56 AM

China's second-generation factory owners go digital to combat challenges

Qiu has set up a marketing business that directly connects factories with foreign audiences, through videos posted on Instagram and TikTok, which in China can only be accessed using a VPN.
27 October 2024, 04:51 AM

US consumer mood brightens, among Republicans in particular

US consumer sentiment climbed to a six-month high in October as declining interest rates helped improve buying conditions for big-ticket items like cars, but the uptick was most pronounced among Republicans who grew more confident in their party regaining the White House in the Nov. 5 presidential election.
26 October 2024, 18:00 PM

Debt rule tweak can help UK avoid moron premium

Reeves has already pledged to fund day-to-day spending with taxes but has been vague about her borrowing plans.
26 October 2024, 11:06 AM

Alibaba to pay $433.5 million to settle shareholder lawsuit over monopoly claims

Alibaba denied wrongdoing, saying it entered the settlement to avoid the cost and disruption of further litigation
26 October 2024, 05:49 AM

Moody's cuts France outlook, opening door to credit downgrade

Moody's said the fiscal deterioration it has seen is "beyond our expectations and stands in contrast with governments in similarly rated countries that are tending to consolidate their public finances."
26 October 2024, 05:44 AM

Russia hikes interest rates to 20-year high

The increase takes rates above an emergency level introduced in February 2022 -- just after Moscow ordered troops into Ukraine -- to their highest since 2003, with the regulator battling to stem the economic fallout of the conflict
26 October 2024, 05:39 AM

Bangladesh may not regain US GSP soon

Bangladesh is unlikely to regain benefits offered under the generalised system of preferences (GSP) from the United States if the programme is revived in the near future because of several issues related to labour rights in the country, Finance Adviser Salehuddin Ahmed said yesterday.
24 October 2024, 19:51 PM