Could a Brexit weaken Europe's ability to tackle global poverty?

With three days to go until Britain holds a referendum on its European Union membership, voters have the chance to reflect on key arguments made by both sides about immigration, the cost of belonging to the EU, and security.
20 June 2016, 18:00 PM

China's Xi weaves Poland into 'new silk road' plan

CHINESE President Xi Jinping drummed up investment and trade with Poland on Monday as the European Union's largest eastern economy eyes financing by the Asian giant.
20 June 2016, 18:00 PM

Greek taxes strangle funds industry in name of austerity

GREECE'S latest austerity measures are choking off one of its few sources of local private investment, the funds management industry, thanks to massive tax hikes buried in 7,500 pages of financial reforms approved by the parliament last month.
20 June 2016, 18:00 PM

India announces sweeping foreign investment reforms

India Monday announced a sweeping relaxation of foreign direct investment (FDI) rules in civil aviation, defence and a string of other sectors as part of efforts to open up the economy.
20 June 2016, 18:00 PM

VW faces shareholder wrath at annual meeting

Embattled German auto giant Volkswagen will face the wrath of its shareholders at its annual meeting on Wednesday as it struggles to steer itself out of an unprecedented engine-rigging scandal.
20 June 2016, 18:00 PM

Pound sees biggest daily gain since 2008

The pound has jumped the most against the dollar in more than 7 years, as traders reassessed the likelihood of the UK leaving the European Union.
20 June 2016, 18:00 PM

Rupali Bank official gets jail term for embezzling depositors' money

A Chittagong court yesterday sentenced a former bank official to six years in jail for two separate cases filed by the Anti Corruption Commission over misappropriating about Tk 9 lakh of depositors' money.
20 June 2016, 18:00 PM

BB expands low-cost fund for apparel exporters

The central bank has increased the limit of the low-cost Export Development Fund for apparel exporters to $20 million from existing $15 million.
20 June 2016, 18:00 PM

US investment agency begins financing of first Myanmar project

The US government's development finance institution has launched operations in Myanmar with a $250 million loan to a telecoms company, it said on Wednesday.
15 June 2016, 18:00 PM

Sri Lanka approves capital gains tax after IMF loan

Sri Lanka's cabinet approved Wednesday the introduction of a capital gains tax for the first time in 14 years, as the island battles a revenue crisis that has forced an IMF bailout.
15 June 2016, 18:00 PM

Indian sugar refiners can benefit from export tax

India's planned sugar export tax of 25 percent, intended to maintain local supplies, could boost opportunities for Indian refiners who unlike mills will not be subject to the tax, enabling them to sell to places such as Myanmar and Sri Lanka.
15 June 2016, 18:00 PM

Small banks help Iran slowly restore foreign financial ties

Iran is gradually restoring banking links with the rest of the world by forging ties with smaller foreign institutions, even though large global banks are still holding back because of legal risks, Iranian officials and foreign bankers say.
15 June 2016, 18:00 PM

Cybercrime market sells servers for as little as $6 to launch attacks

A major underground marketplace acting like an eBay for criminals is selling access to more than 70,000 compromised servers allowing buyers to carry out widespread cyber-attacks around the world, security experts said on Wednesday.
15 June 2016, 18:00 PM

London traders brace for biggest night since 'Black Wednesday'

The world's biggest banks including Citi and Goldman Sachs will draft in senior traders to work through the night following Britain's referendum on EU membership, set to be among the most volatile 24 hours for markets in a quarter of a century.
15 June 2016, 18:00 PM

Osborne warns of UK tax hikes, spending cuts if voters shun EU

British Finance Minister George Osborne, battling to keep the country in the EU, warned voters that he will take new austerity measures if they decide to leave the bloc in next week's referendum.
15 June 2016, 18:00 PM

S Africa sees surprise sharp downturn

South Africa's economy contracted by 1.2 percent at the start of the year in a surprise sharp downturn for Africa's most industrialised nation, official statistics showed Wednesday.
8 June 2016, 18:00 PM

Oil holds above $50 on weak dollar, supplies data in focus

Oil prices held above $50 in Asia on Wednesday thanks to a weak dollar as traders await the release of US inventory data later in the day. Traders are expecting US Department of Energy weekly stockpile numbers to show another drop after recent losses, helping to build on a 90 percent rebound in the commodity since the start of the year.
8 June 2016, 18:00 PM

China imports fall slows in May

China's imports decreased at their slowest pace in more than a year-and-a-half in May, official data showed Wednesday, in a possible sign domestic demand in the world's second-largest economy may be recovering.
8 June 2016, 18:00 PM

Brazil inflation rises in challenge for new bank chief

Brazil's annual inflation rate crept up last month to 9.32 percent, officials said Wednesday, sounding new alarm bells for Latin America's largest economy as it struggles through a deep recession.
8 June 2016, 18:00 PM

Rosneft profits tumble by 80pc

Russian oil giant Rosneft said Wednesday that low oil prices in the first quarter of the year had haemorrhaged its profits, with tumbled by 80 percent.
8 June 2016, 18:00 PM