US lawmakers confirm Howard Lutnick as commerce secretary

Lutnick, who was chief executive of financial services firm Cantor Fitzgerald, is a close ally of Trump's and has been a defender of imposing tariffs on US imports.
19 February 2025, 06:53 AM

HSBC targets $1.5 bn in annual cost savings after revamp

Elhedery's plan for a "simpler, more dynamic, and agile organisation" has shaken up Europe's largest bank, whose shares in Hong Kong have rallied to an 11-year high.
19 February 2025, 05:45 AM

China condemns US 'tariff shocks' at WTO

Trump signed executive orders last week imposing new 25 percent tariffs on steel and aluminium, due to come into effect on March 12
19 February 2025, 04:05 AM

KFC shifts US headquarters from Kentucky to Texas

The relocation of about 100 KFC US corporate roles will take place over six months.
19 February 2025, 04:01 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

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

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

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

Trump unveils 'reciprocal tariffs' plan targeting friends and foes

In particular, he called the European Union "absolutely brutal" in trade ties with Washington.
14 February 2025, 01:44 AM

REHAB Ctg fair begins today

The four-day REHAB Chattogram Fair 2025 has 42 stalls
13 February 2025, 13:22 PM

Honda and Nissan say merger talks called off

Local media reports have said the discussions unravelled after Honda proposed to make its struggling rival a subsidiary instead of the plan, announced in December, to integrate under a new holding company.
13 February 2025, 07:02 AM

Facing egg shortage, Americans bring chickens home to roost

A recent US outbreak of bird flu since early 2024 is exacting a heavy toll on poultry farms.
13 February 2025, 06:02 AM

Monetary policy is working: CAL Bangladesh

In its latest report released today, the organisation projected inflation will stabilise between 8.5% and 9.5% by June but fall to 6-7% by December
12 February 2025, 16:27 PM

$30 million to be invested in Patenga Container Terminal for four new cranes

The cranes to be purchased from a Chinese firm will be deployed in early 2026
12 February 2025, 11:27 AM

What are reciprocal tariffs and who might be affected?

Trump's fresh salvo could bring a broad tariff hike to emerging market economies like India and take aim at European Union value-added taxes, fanning tensions with the bloc, analysts warn.
12 February 2025, 07:17 AM

Lighter vessel shortage disrupts unloading at Ctg port

Mother vessels are provided with only one lighter vessel against the demand for four
11 February 2025, 13:40 PM