India may miss fiscal deficit target amid stimulus pressure

India is likely to miss its fiscal deficit target for the current financial year, despite receiving an additional dividend from the central bank, five government officials and advisers said, as tax collections have sunk amid a sharp slowdown.
4 September 2019, 18:00 PM

To cut or not? Dueling Fed views boost pressure on Powell

The Federal Reserve should use its meeting in two weeks to aggressively cut interest rates, one US central banker said on Tuesday.
4 September 2019, 18:00 PM

Chinese pin hopes on Bangladesh’s product diversity, quality

Chinese fabric manufacturers foresee continuous business with Bangladesh thanks to the diversification in the latter’s readymade garments sector along with qualitative improvements.
4 September 2019, 18:00 PM

Ontario widens opportunities for Bangladeshi businesses

Bangladeshi businesses now can explore wider trade opportunities in Canada’s Ontario province as a “Bangladesh-Canada Business Forum-2019” in Toronto on Tuesday sought to deepen engagements.
4 September 2019, 18:00 PM

Japanese jobs for South Korean graduates dry up amid trade row

Song Min-su, a Japanese major in his final year at Hannam University, south of Seoul, has watched in dismay as a spat between South Korea and Japan over wartime forced labour has spiraled into a damaging political and economic row.
4 September 2019, 18:00 PM

Economy faces risks despite high growth

The country should prudently deal with the downside risks facing the economy in order to keep up the growth momentum, the Metropolitan Chamber of Commerce & Industry, Dhaka (MCCI) said yesterday.
4 September 2019, 18:00 PM

India growth slows to 5pc in fresh blow to Modi

India’s economic growth slowed for the fifth straight quarter in the April-to-June period to 5.0 percent, government figures showed Friday in a fresh blow to Prime Minister Narendra Modi.
31 August 2019, 18:00 PM

US doesn’t have a ‘tariff problem’, it has a ‘Fed problem’: Trump

President Donald Trump on Friday denied his trade wars were harming the US economy, instead lashing out the Federal Reserve and poorly run American companies.
31 August 2019, 18:00 PM

Google to pay up to $200m to FTC on YouTube probe

Alphabet Inc’s Google will spend up to $200 million to settle a Federal Trade Commission investigation into YouTube’s alleged violation of a children’s privacy law, a person briefed on the matter told Reuters.
31 August 2019, 18:00 PM

Reaching Europe through Delhi

If the recent delivery of garment shipment from Dhaka to Manchester via Indira Gandhi International Airport’s newly-launched Transshipment Excellence Centre (TEC) is anything to go by, it could emerge as a boon for Bangladesh’s textile and retail industry looking to reach markets in Europe and the US.
31 August 2019, 18:00 PM

Saudi Arabia splits industry and mining from energy ministry

Saudi Arabia created a new ministry for industry and mineral resources, separating it from the kingdom’s colossal energy ministry, and replaced the powerful head of the royal court, in a series of royal orders issued late on Friday.
31 August 2019, 18:00 PM

China’s factory activity shrinks

Factory activity in China shrank in August for the fourth month in a row as the United States ramped up trade pressure and domestic demand remained sluggish, pointing to a further slowdown in the world’s second-largest economy.
31 August 2019, 18:00 PM

Eurozone inflation stays below target

Inflation in the eurozone remained at a low 1.0 percent in August, official data showed Friday, heaping pressure on the European Central Bank to reboot its controversial economic stimulus.
31 August 2019, 18:00 PM

China to exempt Tesla cars from 10pc purchase tax

China will exempt Tesla Inc’s electric vehicles from its purchase tax, the Ministry of Industry and Information Technology (MIIT) said on Friday, a concession made amidst trade tensions with the United States.
31 August 2019, 18:00 PM

India announces series of state bank mergers

India announced a series of mergers involving 10 state-owned banks on Friday, as it moves to strengthen a sector struggling under a mountain of debt and ensure stronger balance sheets to boost lending and revive economic growth.
31 August 2019, 18:00 PM

Amazon and Indian trader group in public spat over discounts

Amazon.com defended its business strategies in India as it came under fire from a local trader group on Friday over discounted products on the global e-commerce giant’s website.
31 August 2019, 18:00 PM

US, China to meet this month, but tariff hikes remain

Trade teams from China and the United States continue to talk and will meet in September, but tariff increases on Chinese goods set to go in place on Sunday will not be delayed, President Donald Trump said on Friday.
31 August 2019, 18:00 PM

S Korea Supreme Court orders retrial for Samsung heir

South Korea’s top court on Thursday ordered a new trial for Samsung heir Lee Jae-yong, who was convicted of offences including bribery and embezzlement in connection with the scandal that brought down former president Park Geun-hye.
29 August 2019, 18:00 PM

UK deadline looms for bank payouts over PPI scandal

Britons faced a crunch deadline Thursday to claim compensation for mis-sold insurance that is costing UK banks billions of pounds, while tarnishing their battered reputations further following several financial scandals.
29 August 2019, 18:00 PM

Oil giants shower Qatar with crown jewels in race for LNG prize

When Royal Dutch Shell wanted to buy a stake last year in a promising exploration block off South Africa, Total, the asset’s main shareholder, used its right to stymie the deal and acquired the share itself, only to sell it on to Qatar Petroleum.
29 August 2019, 18:00 PM