US services activity shrinks for first time since 2022: survey

The services index of the Institute for Supply Management (ISM) slipped unexpectedly to 49.4 percent in April, dipping below the 50-point mark separating growth from contraction
4 May 2024, 06:39 AM

Apple profit ebbs as iPhone sales under pressure

The iPhone maker reported a profit of $23.6 billion on $90.8 billion in revenue in the first three months of this year
4 May 2024, 06:35 AM

Remittance rises 21% in April

$2.04 billion came in the fourth month of the year
2 May 2024, 11:24 AM

Exports fall in April

It declined 0.99% year-on-year to $3.91 billion in April
2 May 2024, 10:11 AM

Maersk's net profit sinks amid Red Sea attacks

Maersk reported a net profit of $177 million in the first three months of the year, a 13-fold drop from the same period last year
2 May 2024, 08:40 AM

India widens spices crackdown with nationwide checks on all manufacturers

The agency added checks would also be made for any presence of ethylene oxide, whose use is banned in India, and "appropriate actions will be initiated as fit" after testing was completed.
2 May 2024, 07:04 AM

Apple set for big sales decline as investors await AI in iPhones

Apple's  plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday, when the tech giant is expected to report its biggest quarterly revenue decline in more than a year
2 May 2024, 07:01 AM

Microsoft announces $2.2 bn AI, cloud investment in Malaysia

Microsoft pledged a $2.2 billion investment in artificial intelligence and cloud computing in Malaysia on Thursday to help develop the country's AI infrastructure
2 May 2024, 06:53 AM

US Federal Reserve keeps interest rates at 23-year high

"The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks," the Fed said in a statement.
2 May 2024, 00:35 AM

BSRM's two entities’ sales drop, but profit surges 574%

The two made Tk 333 crore profit in nine months
29 April 2024, 16:39 PM

China wants to import mango from Bangladesh

Chinese experts will come to Dhaka in June to see mango production
29 April 2024, 12:45 PM

Renata’s Q3 profit grows 21%

The drugmaker’s nine months’ profit exceeds FY22’s full year figure
29 April 2024, 11:53 AM

Why has the Japanese yen been so weak?

Japan's yen hit a three-decade low on Monday before rebounding in a move currency traders suspected was official intervention
29 April 2024, 11:40 AM

Tesla wins key China security clearance during Musk visit

Tesla received a key security clearance from China during Elon Musk's whistlestop visit to the world's biggest electric car market, which wrapped up on Monday
29 April 2024, 11:06 AM

China firms go 'underground' on Russia payments as banks pull back

The US has imposed an array of sanctions on Russia and Russian entities since the country invaded Ukraine in 2022.
29 April 2024, 04:52 AM

Walton launches solar solution for 30 solar products

The products belong to five categories
28 April 2024, 16:02 PM

Banks asked to increase forex inflow

Bangladesh Bank today sat with five leading private commercial banks
28 April 2024, 15:06 PM

29 companies honoured with green factory awards

The Department of Inspection for Factories and Establishments gave the awards
28 April 2024, 14:17 PM

National Bank continues incurring losses

It made a loss of Tk 1,497 crore in 2023, down from Tk 3,285 crore in 2022
28 April 2024, 13:24 PM

US Fed's favored inflation measure accelerates, dimming rate cut hopes

The PCE price index rose at an annual rate of 2.7 percent in March, up 0.2 percentage points from a month earlier
27 April 2024, 09:39 AM