US factory activity shrinks for sixth month

US manufacturing activity contracted for a sixth straight month in September, according to survey data released Tuesday, with demand remaining weak and new export orders slumping.
2 October 2024, 18:00 PM

Eurozone inflation falls under 2% for first time since 2021

The eurozone’s annual inflation rate fell to its lowest level in three-and-a-half years in September, official data showed Tuesday, dropping below the European Central Bank’s two-percent target and fuelling expectations of a rate cut.
2 October 2024, 18:00 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

Global rice prices drop after India allows white rice exports

Global rice prices fell on Monday after India, the world’s No.1 exporter of the grain, gave the go-ahead for exports to resume, boosting global supply and helping poor Asian and African buyers secure more affordable supplies, exporters said.
1 October 2024, 18:00 PM

Factory activity around the world slows

Global factory activity weakened in September as soft demand and economic uncertainty pointed to a tough outlook, surveys showed, keeping policymakers under pressure to shore up fragile growth.
1 October 2024, 18:00 PM

Sri Lanka sees first deflation in 29 years

Cash-strapped Sri Lanka’s economy recorded falling consumer prices for the first time in 29 years, official data showed Monday, with the September inflation figure dipping to negative 0.5 percent.
1 October 2024, 18:00 PM

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

China’s factory, service sector activities shrink for fifth month

China’s factory activity shrank for a fifth straight month and the services sector slowed sharply in September, suggesting Beijing will need even more stimulus to hit its 2024 growth target with only three months left in the year.
30 September 2024, 18:00 PM

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

New blow for UK's Starmer as growth data disappoints

Gross domestic product (GDP) was 0.5 percent in the April-June period, the Office for National Statistics said in a statement, while economists expected it to have remained at 0.6-percent expansion
30 September 2024, 07:03 AM