Trump says he will introduce 25% tariffs on autos, pharmaceuticals and chips

Trump has long railed against what he calls the unfair treatment of US automotive exports in foreign markets.
19 February 2025, 03:11 AM

Bangladesh, IMF mutually deferred loan tranche

The International Monetary Fund's move to disburse the fourth and fifth tranches of a $4.7 billion loan together was a mutual decision, the finance ministry said in a press release yesterday.
18 February 2025, 21:00 PM

Musk launches ‘scary smart’ AI chatbot

Elon Musk’s artificial intelligence company unveiled on Monday the latest version of its chatbot, Grok 3, which the billionaire hopes will find traction in a highly competitive sector contested by the likes of ChatGPT and China’s DeepSeek.
18 February 2025, 18:00 PM

Honda ready to revive takeover talks if Nissan CEO Uchida leaves, FT reports

Japan's second- and third-largest automakers by sales after Toyota Motor had been in talks to create a $60 billion firm after a lack of hybrid models in the U.S. and competition from local rivals in China had sent Nissan's earnings diving.
18 February 2025, 04:53 AM

DeepSeek removed from South Korea app stores

Chinese AI app DeepSeek will not be available to download in South Korea pending a review of its handling of user data, Seoul authorities said Monday.
17 February 2025, 18:00 PM

China bank lending hits record high in January

New bank loans in China surged more than expected to a record high in January as the central bank moved to shore up a patchy economic recovery, reinforcing expectations for more stimulus in coming months as US tariffs threaten to pile more pressure on the economy.
17 February 2025, 18:00 PM

Japan growth slowed in 2024 despite stronger Q4

Japan’s economic growth slowed sharply last year, official data showed Monday, although the rate for the fourth quarter topped expectations.
17 February 2025, 18:00 PM

Gulf Food Fair begins in Dubai

41 Bangladeshi companies are participating among 5,500 exhibitors from over 129 countries
17 February 2025, 16:44 PM

Japan 2024 growth slows despite stronger fourth quarter

Gross domestic product expanded 0.1 percent in 2024, well down from 1.5 percent the year before, the data showed
17 February 2025, 06:23 AM

China's Xi meets business leaders including Alibaba's Jack Ma

Since coming to power more than a decade ago, Xi has consistently sought to bolster the role of state enterprises in the world's second-largest economy and warned against the "disorderly" expansion of the private sector.
17 February 2025, 06:13 AM

No supply shortage of edible oil

The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association has reassured consumers and traders that there is no supply shortage of bottled edible oil in the local market.
16 February 2025, 18:39 PM

US tariffs loom large in South Korea’s ‘steel city’

Smoke billows from chimneys as factories churn in South Korea’s steelmaking heartland, now under threat from Washington’s swingeing new tariffs on the port city’s largest export.
16 February 2025, 18:00 PM

Broadcom, TSMC eye possible Intel deals to split storied chipmaker, WSJ reports

Broadcom and TSMC are not working together, and all of the talks so far are preliminary and largely informal, the Journal added
16 February 2025, 06:43 AM

Trump tariffs fuel US auto anxiety

An additional 10 percent tariff on imports from China -- a major auto parts supplier -- has already been imposed
16 February 2025, 05:10 AM

Global stocks buffeted by tariff threats and data

Stock markets diverged and the dollar dipped on Friday as traders tracked US President Donald Trump’s latest tariff announcement, economic data and earnings.
15 February 2025, 18:00 PM

Japan to release emergency rice reserves to fight inflation

The Japanese government said Friday it will release a fifth of its emergency rice stockpile after hot weather, poor harvests and panic buying over a “megaquake” warning nearly doubled prices over a year.
15 February 2025, 18:00 PM

Gold dips on profit-taking

Gold prices fell over 1 percent on Friday due to profit-taking, although they remained poised for their seventh straight weekly rise, driven by fears of a global trade war in the wake of US President Donald Trump’s push for reciprocal tariffs.
15 February 2025, 18:00 PM

Trump keeps tariffs drumbeat going, with autos targeted next

President Donald Trump on Friday kept alive his drumbeat of tariff threats, saying levies on automobiles would be coming as soon as April 2, the day after members of his cabinet are due to deliver reports to him outlining options for a range of import duties as he seeks to reshape global trade.
15 February 2025, 18:00 PM

Brazil hints at WTO complaint after Trump steel tariffs

President Luiz Inacio Lula da Silva said on Friday that Brazil would react to US President Donald Trump’s decision to issue tariffs on steel imports, suggesting his government could file a complaint at the World Trade Organization, or tax US products.
15 February 2025, 18:00 PM

What are Trump's reciprocal tariffs and who may be hit?

What are the details of his plan and what consequences could they bring?
14 February 2025, 02:06 AM