US consumer confidence plunges again in March: study

An index measuring consumer confidence compiled by the University of Michigan fell to 57.9 in March, down from 64.7 a month earlier, weighed down by the seeming chaos of Trump's tariff policy and fears of high inflation.
15 March 2025, 13:35 PM

India’s retail inflation slips below 4% for first time in 6 months

India’s retail inflation fell below 4 percent in February for the first time in six months mainly due to a decline in vegetable prices, giving the central bank room to cut rates further in coming meetings.
13 March 2025, 18:00 PM

Whether US is heading for recession or just ‘detox’, downturns are costly

US Commerce Secretary Howard Lutnick says a recession would be “worth it” to get President Donald Trump’s economic policies in place, while Treasury Secretary Scott Bessent has spoken of a coming period of “detox” and Trump himself says the economy is in “transition.”
13 March 2025, 18:00 PM

Whether US is heading for recession or just 'detox,' downturns are costly

Recessions come with costs. Business profits fall, as do stock prices, which can then amplify the impact as investors reduce their own consumption.
13 March 2025, 11:15 AM

Trump threatens further tariffs as EU, Canada retaliate for those already in place

Trump's hyper-focus on tariffs has rattled investor, consumer and business confidence and raised recession fears.
13 March 2025, 03:49 AM

Moody’s cuts banking outlook to negative

Moody’s Ratings has downgraded Bangladesh’s banking system outlook from “stable” to “negative”, citing rising asset risks and worsening economic conditions.
12 March 2025, 18:00 PM

Trump metal tariffs kick in as global trade war looms

President Donald Trump’s increased tariffs on all US steel and aluminum imports took effect on Wednesday, stepping up a campaign to reorder global trade in favor of the US and drawing swift retaliation from Europe.
12 March 2025, 18:00 PM

EU to impose counter tariffs on $28b of US goods

The European Union will impose counter tariffs on 26 billion euros ($28 billion) worth of US goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket US tariffs on steel and aluminium.
12 March 2025, 18:00 PM

EU to impose counter tariffs on $28 billion of US goods

The EU executive said, however, that it remained open to negotiations and considered higher tariffs in no one's interest.
12 March 2025, 07:49 AM

US tariffs of 25% on steel, aluminum imports take effect

The European Commission said Wednesday it would impose "a series of countermeasures" from April 1 in response to the "unjustified trade restrictions" from the United States.
12 March 2025, 07:32 AM

No more advance tax on import of cancer drug raw materials

The National Board of Revenue (NBR) has exempted advance tax on the import of raw materials used to manufacture cancer drugs, according to a notification issued earlier this month.
11 March 2025, 08:51 AM

US stock market loses $4 trillion in value as Trump pushes ahead with tariffs

A barrage of new Trump policies has increased uncertainty for businesses, consumers and investors, notably back-and-forth tariff moves against major trading partners like Canada, Mexico and China.
11 March 2025, 07:24 AM

India withdraws export ban on 100% broken rice

The world’s largest rice exporter has revoked the ban to reduce its domestic stockpile
11 March 2025, 07:11 AM

Malaysia’s palm oil stocks hit nearly 2-year low in Feb

Malaysia’s palm oil stocks fell for a fifth month in February to their lowest in 22 months as production declined, outweighing a reduction in exports, data from the industry regulator showed on Monday.
10 March 2025, 18:00 PM

‘Youth at heart of sustainable growth’

Bangladesh has a promising future with its young and dynamic workforce accelerating economic growth, but challenges like youth unemployment, skill mismatches, and climate concerns must be tackled for a sustainable and inclusive future, said experts at a discussion yesterday.
10 March 2025, 18:00 PM

The end of cheap palm oil? Output stalls as biodiesel demand surges

Prices of cooking oil could be buoyed up for years by stagnating production and a biodiesel push in top producer Indonesia that are making traditionally cheap palm oil costlier, eliminating an advantage that also curbed prices of rival oils.
10 March 2025, 18:00 PM

Vessels face delays as feud over handling charges drags on

CPA seeks shipping ministry’s intervention
9 March 2025, 06:52 AM

Trump tariffs: What’s been done and what is to come?

It was another roller-coaster week in US President Donald Trump’s trade war as tariffs against China came into force while Mexico and Canada were given a temporary reprieve.
8 March 2025, 18:00 PM

Sri Lanka signs $2.5bn debt deal with Japan

Japan said it was granting concessions on a 369.45 billion yen ($2.5 billion) loan under a comprehensive debt treatment plan
8 March 2025, 12:42 PM

China's exports start year slow as US trade war intensifies

Over a month into his second term as US president, Donald Trump has slapped sweeping tariffs on the export-dependent nation, citing Beijing's failure to stem fentanyl flows as justification.
8 March 2025, 12:28 PM