China's retail sales weaken, miss forecasts in November

Retail sales expanded three percent year-on-year in November, the National Bureau of Statistics (NBS) said, slowing from a 4.8 percent rise in October that was its best reading in eight months.
16 December 2024, 05:43 AM

Maddhapara Granite Mining becomes dependent on loans for declining sales

The lone hard rock mining company under Petrobangla is now even selling its produce at Tk 500 lower than production cost
15 December 2024, 13:32 PM

Taskeen Ahmed, new president of Dhaka Chamber

The leading trade body also gets new senior vice president and vice president
15 December 2024, 10:38 AM

Moody's downgrades France credit rating to Aa3

Moody's cited France's "political fragmentation" in its decision, which comes after parliament ousted Michel Barnier's government in a historic no-confidence vote following a standoff over an austerity budget
15 December 2024, 05:26 AM

UK officially joins Indo-Pacific trade bloc

The UK is officially now the 12th member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
15 December 2024, 05:23 AM

Heavy rains to hit Malaysian palm oil output again in December, says MPOB

Lower output in Malaysia would curb inventories in the country and further boost benchmark futures , which are already near their highest levels in about 2-1/2 years
14 December 2024, 08:31 AM

India's rice stocks surge to record high, boosting export prospects

Rice reserves, including unmilled paddy, in state granaries totalled 44.1 million metric tons on Dec. 1 against a government target of 7.6 million tons, data compiled by the Food Corporation of India showed.
14 December 2024, 08:27 AM

Yellen won't rule out sanctions on Chinese banks, curbs on 'dark fleet' oil tankers

Earlier this week, Yellen said softness in the oil market presents an opportunity for more sanctions
14 December 2024, 06:34 AM

UK economy unexpectedly shrinks again in October

Gross domestic product fell 0.1 percent in October compared with September, when output declined by the same amount, the Office for National Statistics (ONS) said
14 December 2024, 06:30 AM

Sri Lanka says Adani port project to continue despite US charges

Sri Lankan ports minister Bimal Ratnayake said the allegations against Adani had no bearing on the deep-sea container terminal project in the capital Colombo.
14 December 2024, 06:26 AM

US consumer inflation accelerates for second straight month in November

The consumer price index (CPI) rose to 2.7 percent last month from a year ago
12 December 2024, 05:43 AM

US-China officials to hold economic talks before Trump return

Economic and trade tensions between Washington and Beijing have continued to flare during Biden's time in office.
12 December 2024, 05:39 AM

Chinese authorities are considering a weaker yuan as Trump trade risks loom

The contemplated move reflects China's recognition that it needs bigger economic stimulus to combat Trump's threats of punitive trade measures, people with knowledge of the matter said
11 December 2024, 10:20 AM

Zara owner Inditex posts new record profit

The Spanish group, whose other brands include Massimo Dutti, Pull & Bear and Bershka, reported a profit after tax of 1.68 billion euros ($1.77 billion) for the third quarter, up six percent from the same period last year
11 December 2024, 07:43 AM

Biden says Trump economic plan will be 'disaster'

The lame-duck president's speech comes after Trump won a second term largely on the back of US voters' anger at high costs of living under Democrats.
11 December 2024, 05:22 AM

China's leaders to chart economic plans for 2025: report

Beijing is also strapping in for four more years of tensions with the United States under President-elect Donald Trump, who has promised to impose stinging tariffs on China
11 December 2024, 05:18 AM

Chinese firm Bangladesh Prothoma Power to invest $12.24 million inside Bepza EZ

The company will establish a battery plate manufacturing industry
10 December 2024, 14:41 PM

China probes Nvidia for 'violating' anti-monopoly law

Nvidia is also suspected of violating commitments it made in 2020, the statement said, when it acquired Israeli data center firm Mellanox
10 December 2024, 05:42 AM

China export surge slows as leaders eye economic revamp

Exports jumped 6.7 percent on-year to $312.3 billion last month, China's General Administration of Customs said.
10 December 2024, 05:36 AM

ECB to cut rates again amid bleak eurozone outlook

The European Central Bank is expected to cut interest rates again this week amid a darkening outlook, with political turbulence in the eurozone's two biggest economies adding to the troubled picture.
9 December 2024, 20:31 PM