UK consumer sentiment sinks on fiscal worries, trade body says

British consumers have grown more gloomy over the past month following the new Labour government's removal of a welfare benefit for pensioners and warning of tax rises at next month's budget, a new survey from a trade body showed on Thursday
26 September 2024, 11:38 AM

H&M abandons 2024 margin target as markdowns and costs hurt profit

H&M scrapped its earnings margin target for 2024 as higher discounting, costs and fierce competition hurt operating profit in the third quarter, sending shares in the world's No.2 listed fashion retailer down as much as 8 percent
26 September 2024, 08:37 AM

China admits economy facing new 'problems', vows to fix property sector

China's top leaders, including President Xi Jinping, admitted Thursday that the economy was facing new "problems" and vowed to resolve a long-running housing sector crisis, state media said
26 September 2024, 06:50 AM

German consumer morale improves despite economic gloom

German shoppers are heading into October feeling slightly more optimistic, a key survey showed Thursday, even as the outlook for Europe's biggest economy remains gloomy
26 September 2024, 06:02 AM

China considers $142 bn injection for state banks: report

Chinese leaders are considering pumping more than $140 billion into the country's large state-run banks in the first such move to support the flagging economy
26 September 2024, 05:12 AM

IMF board approves $7 billion Pakistan loan agreement

IMF on Wednesday agreed to loan Pakistan $7 billion to bolster its faltering economy, approving a relief package that Islamabad has pledged would be the last from the Washington-based lender
26 September 2024, 05:05 AM

What will US interest rate cuts mean for Asia and the Pacific?

The recent interest rate cuts by the United States Federal Reserve present opportunities and challenges for central banks in Asia and the Pacific
26 September 2024, 04:01 AM

Leftist Sri Lanka leader stuck with painful IMF deal: analysts

Sri Lanka’s new leftist leader has little room to renegotiate an IMF bailout that threw a lifeline to his bankrupt country but imposed punishing and unpopular austerity measures, analysts say.
25 September 2024, 18:00 PM

Gold price hiked by Tk 3,045 a bhori again

From tomorrow, a bhori of 22-carat gold will cost Tk 138,708
25 September 2024, 14:48 PM

Visiting IMF mission to seek info on NBR’s revenue collection plan

A four-member delegation of the IMF will sit with NBR officials tomorrow
25 September 2024, 13:46 PM

Beijing 'firmly opposes' US ban of Chinese tech from connected vehicles

China's commerce ministry on Wednesday said it "firmly opposes" US plans to ban the sale of connected vehicles incorporating Chinese and Russian technology, citing national security risks
25 September 2024, 09:09 AM

No peak oil demand 'on the horizon', phaseout a 'fantasy': OPEC

OPEC said Tuesday that phasing out oil was a "fantasy", as the Saudi-led cartel forecast that demand would keep growing until at least 2050, a key year in the battle against climate change
25 September 2024, 07:47 AM

China's monetary volleys miss key threat to economic growth

China's central bank has shifted to a more aggressive easing stance, but its policy weapons don't have the key enemy to economic growth in their line of sight: the persistently weak consumer demand
25 September 2024, 06:47 AM

US sues Visa for monopoly on debit-card use

The US Department of Justice filed an antitrust lawsuit against Visa on Tuesday, alleging the company illegally maintains a monopoly over the use of debit cards in the United States
25 September 2024, 06:16 AM

ADB says AI investments to drive developing Asia growth

It kept its 2025 forecast unchanged at 4.9 percent.
25 September 2024, 04:13 AM

Gold all-time high of Tk 135,663 a bhori from tomorrow

Jewellers raised 22-carat gold prices by Tk 2,612 per bhori
24 September 2024, 14:30 PM

India's basmati rice exports seen surging after floor price removed

The world's biggest rice exporter earlier this month removed a floor price of $950 a metric ton for basmati rice, weeks ahead of the arrival of the new season crop.
24 September 2024, 09:51 AM

Dissanayake's push for Sri Lanka economic change leaves IMF deal, debt rework in limbo

Sri Lanka's new president won the election decisively, but his toughest task still lies ahead as he seeks to balance promises to aid the nation's poor against the need to keep crucial supplies of cash flowing from the International Monetary Fund
24 September 2024, 08:41 AM

Fishy business caught by fraying India-Bangladesh ties

Shimmering piles of silver fish are snapped up for exorbitant prices in India's port of Kolkata, the unlikely side effect of a diplomatic fallout after a student-led revolution in neighbouring Bangladesh
24 September 2024, 06:06 AM

IMF says ready for talks with Sri Lanka's new leftist government

IMF is ready to discuss its controversial $2.9 billion bailout programme for Sri Lanka with the country's new government, a spokesman said
24 September 2024, 04:31 AM