Indian officials visit Foxconn iPhone plant, question executives about hiring

Indian labour officials visited a Foxconn factory in the country's south this week and questioned executives about the company's hiring practices
3 July 2024, 13:50 PM

Gold slips

Gold prices fell on Tuesday under pressure from elevated US treasury yields and a stronger dollar while investors awaited comments from Federal Reserve Chair Jerome Powell for further clues about the interest rate path.
2 July 2024, 18:00 PM

Eurozone inflation eases slightly in June

Eurozone inflation cooled in June, official data showed Tuesday but experts say it will not be enough to convince the European Central Bank to accelerate its rate-cutting cycle despite sluggish economic growth.
2 July 2024, 18:00 PM

US manufacturing contraction deepens in June

US manufacturing activity edged lower in June, deepening a recent slump on continued weak demand, according to industry survey data published Monday.
2 July 2024, 18:00 PM

Economic stability govt’s main focus: state minister for finance

The American Chamber of Commerce in Bangladesh (AmCham) organises monthly luncheon meeting
2 July 2024, 12:38 PM

The risk of a euro crisis is rising

One way of looking at the euro zone is as a forest where dry tinder is piling up. The locals are not doing much to clear the debris, and some are wandering around with naked flames. But they know it would be foolish to throw lit matches on the forest floor. Besides, there is a fire engine which will probably ride to the rescue.
1 July 2024, 18:00 PM

Asian factories enjoy solid momentum, Europe faces setback

Manufacturing activity in Europe suffered a setback last month but Asian factories enjoyed solid momentum, offering policymakers some hope the region can weather the hit from soft Chinese demand, surveys showed.
1 July 2024, 18:00 PM

PM’s visit may open door for FTA with China: Titu

Prime Minister Sheikh Hasina’s four-day China visit begins on July 8
1 July 2024, 13:44 PM

Ctg port posts 5.36% growth in container handling

The port handled 31.69 lakh TEUs of containers in FY24, up from 30.07 lakh TEUs the previous fiscal
1 July 2024, 12:30 PM

Bangladesh cuts cash incentive for exporters further

From FY25 beginning today, the maximum rate of export incentive has been set at 10% and the minimum at 0.3%
1 July 2024, 06:01 AM

China factory activity contracts for second month

Factory activity in China shrank for a second straight month in June, data showed Sunday, underscoring the country’s shaky economic recovery ahead of a key political gathering expected to focus on deepening reform.
30 June 2024, 18:00 PM

Payment period for raw material imports extended till Dec

The previously fixed 360-day usance period ended today
30 June 2024, 14:22 PM

IMF downgrades US economic forecast for 2024

The IMF said Thursday it expects the US economy to grow a bit more slowly than previously forecast, while praising the way it has remained “robust, dynamic, and adaptable to changing global conditions.”
29 June 2024, 18:00 PM

Gold shines on rate-cut hopes

Gold prices steadied on Friday and were headed for a third straight quarterly gain after a key US inflation report was broadly in line with expectations, boosting hopes that the Federal Reserve could cut interest rates by September.
29 June 2024, 18:00 PM

Sri Lanka’s inflation doubles to 1.7% in June

Crisis-hit Sri Lanka’s annual inflation almost doubled to 1.7 percent in June, up from 0.9 percent the previous month, as food prices began rising again, official data showed Saturday.
29 June 2024, 18:00 PM

Indians battle intense heat with ‘mad rush’ for ACs, beer

Demand for beer in India is at a multi-year high and air conditioner sales are skyrocketing as the intense, unprecedented heat scorching parts of the country becomes a boon for some consumer businesses.
29 June 2024, 18:00 PM

Indians battle intense heat with 'mad rush' for air conditioners, beer

Demand for beer in India is at a multi-year high and air conditioner sales are skyrocketing as the intense, unprecedented heat scorching parts of the country becomes a boon for some consumer businesses
29 June 2024, 11:21 AM

Sri Lanka’s creditors demand deal details, including with China

Sri Lanka’s bilateral lenders who agreed to restructure close to $6 billion in loans have demanded “comparability of treatment” with other creditors, including China.
27 June 2024, 18:00 PM

Fitch downgrades Maldives, warns of default

International credit rating agency Fitch downgraded the Maldives Wednesday and warned that South Asia’s tourist paradise could be headed for a sovereign default on its foreign loans.
27 June 2024, 18:00 PM

H&M net profit jumps 52% in second quarter

H&M posted on Thursday a 52-percent jump in net profit for the second quarter as the world’s second biggest fashion retailer pressed on with efforts to control costs.
27 June 2024, 18:00 PM