China’s crackdown on sugar smuggling leaves global storage headache

A crackdown on sugar smuggling into China has left abundantly supplied markets in Asia and beyond struggling to absorb excess supplies, causing a wider storage problem for global markets.
14 October 2019, 18:00 PM

BSEC halts trading via Shah Mohammad Sagir & Co

A brokerage house of Dhaka Stock Exchange (DSE) has been suspended from carrying out trading by the Bangladesh Securities and Exchange Commission (BSEC) for its failure to settle transactions twice in a month.
14 October 2019, 18:00 PM

Tackling the global refugee crisis

For a moment, imagine yourself being forced out of your country. You are running for your life, leaving everything behind.
11 October 2019, 18:00 PM

UK economy shrinks but set to avoid recession

Britain’s Brexit-facing economy shrank in August, official data showed Thursday, but analysts say a better-than-expected July is expected to help it avoid recession.
10 October 2019, 18:00 PM

Trade wars lose US its competitiveness top spot

The United States fell to second place behind Singapore in the World Economic Forum’s flagship Global Competitiveness Report, with the slippage linked in part to President Donald Trump’s trade wars.
10 October 2019, 18:00 PM

India pursues China-led trade deal despite domestic opposition

India is pressing ahead with talks to join a China-led free trade pact, officials said on Thursday, despite the fears of some domestic producers that the country would be flooded with cheaper Chinese imports.
10 October 2019, 18:00 PM

OECD suggests ‘unified approach’ to break deadlock on digital tax

The OECD published Wednesday its suggestions for a “unified approach” on fairly taxing digital giants to break a deadlock in a dispute that has raised tensions between the United States and some EU allies.
10 October 2019, 18:00 PM

US to issue licences for supply of non-sensitive goods to Huawei

The United States will soon issue licences allowing some US companies to supply non-sensitive goods to China’s Huawei, the New York Times reported, as high-level officials from the two countries meet this week to resume trade talks.
10 October 2019, 18:00 PM

Fed members ‘more concerned,’ say recession risks rising

American central bankers have grown more fearful, saying a global slowdown and President Donald Trump’s trade wars could drag down hiring and the broader economy with it, meeting minutes showed Wednesday.
10 October 2019, 18:00 PM

Sri Lanka central bank seen keeping rates on hold ahead of elections

Sri Lanka’s central bank will likely leave its key interest rates on hold at a policy review on Friday, after a 50-basis-point cut in August, a Reuters poll showed, ahead of presidential elections and as lower bank rates go into effect.
9 October 2019, 18:00 PM

German industrial production makes up ground in August

Industrial production in Europe’s powerhouse economy Germany saw a slight rebound in August, official data showed Tuesday, offering a bright spot amid external threats to the outlook.
9 October 2019, 18:00 PM

Investors get lost in Big Oil’s carbon accounting maze

Wide variations in the way oil companies report their efforts to reduce carbon emissions make it difficult to assess the risk of holding their shares as the world shifts away from fossil fuels, senior fund managers say.
9 October 2019, 18:00 PM

New IMF chief Georgieva says world suffering ‘synchronised slowdown’

Grinding trade disputes are undermining the global economy, which is set to see its slowest growth in nearly a decade, the new IMF chief said Tuesday.
9 October 2019, 18:00 PM

H&M’s outlet brand Afound tweaks strategy towards online

Fashion retailer H&M’s newest independent business, outlet brand Afound, will focus more on online expansion and less on physical store expansion than previously planned, it said on Tuesday.
9 October 2019, 18:00 PM

Gold holds firm

Gold prices yesterday held on to the previous session’s gains, as fading hopes for progress in US-China trade talks hit risk appetite, while markets also awaited clues on monetary easing by the US Fed.
9 October 2019, 18:00 PM

Now tomato prices go up in India

After onion, retail price of tomatoes shot up across India on Tuesday due to supply disruptions caused by heavy rains in key growing states.
9 October 2019, 18:00 PM

Multinationals face heftier tax hit in biggest overhaul for decades

Governments will get more power to tax big multinationals like Google, Apple and Facebook doing business in their countries under a proposed overhaul of decades-old rules.
9 October 2019, 18:00 PM

UK debt burden to rocket under no-deal Brexit: think-tank

Britain's debt burden would jump to its highest level in 50 years if it leaves the EU without a deal, a leading think-tank warned Tuesday.
9 October 2019, 18:00 PM

Samsung flags 56pc fall in profit

Samsung Electronics said Tuesday it expected operating profits to drop more than 50 percent in the third quarter amid a continued slump in the global chip market.
9 October 2019, 18:00 PM

British firm Arm joins GM, Toyota for car chips

Arm Holdings, the British chip technology firm owned by Japan’s Softbank Group Corp, is joining with automakers General Motors Co and Toyota Motor Corp to establish common computing systems for self-driving cars, an effort the companies hope will speed development of the technology.
9 October 2019, 18:00 PM