Import disruptions cripple Banglabandha land port operations

Protests by Indian truck operators over online slot-booking issues caused the disruption
6 January 2025, 11:52 AM

Helped by hybrids, US new car sales rose to 5-year high in 2024

US new-car sales in 2024 continued to rise from their pandemic lows, bolstered by replenished inventories, higher incentives and surging demand for hybrid vehicles, automakers reported on Friday.
5 January 2025, 18:00 PM

Foxconn beats estimates with record fourth-quarter revenue on AI demand

Revenue for Apple's biggest iPhone assembler jumped 15.2 percent to T$2.13 trillion ($64.72 billion), Foxconn said in a statement on Sunday
5 January 2025, 09:04 AM

AI will become a Madison Avenue sensation in 2025

Even companies such as Netflix and Amazon, which until recently relied mainly on subscriptions, are getting in on the action
5 January 2025, 06:28 AM

China's central bank vows 'moderately loose' monetary policy

Beijing last year struggled to lift the economy out of a slump fuelled by a property market crisis, weak consumption and soaring government debt
5 January 2025, 06:21 AM

Microsoft expects to spend $80b on AI this fiscal year

Microsoft president Brad Smith on Friday said the company is on track to pump about $80 billion into artificial intelligence (AI) this fiscal year.
4 January 2025, 18:00 PM

Politicians will hinder central banks’ easing plan

In 2025, the global economy will be in a much better place than at any time since the outbreak of Covid-19. Growth will be solid, and inflation will finally abate.
4 January 2025, 18:00 PM

Gold slips from three-week high

Gold prices retreated from a three-week high on Friday, pressured by a robust dollar, while markets braced for potential economic and trade shifts under US President-elect Donald Trump.
4 January 2025, 18:00 PM

Container handling at private ICDs rose 16% in 2024

KDS Logistics managed to retain its top position among ICDs in handling export and import containers in 2024
4 January 2025, 13:55 PM

US regulator warned banks on crypto but did not order halt to business

A judge ordered the Federal Deposit Insurance Corporation to provide versions of supervisory "pause letters", it sent to unidentified banks after History Associates Incorporated, a research firm hired by crypto exchange Coinbase, sued the agency to release them
4 January 2025, 06:51 AM

US manufacturing contraction improved in December

The Institute for Supply Management's (ISM) manufacturing index was 49.3 percent last month, up 0.9 percentage points from November, it said in a statement.
4 January 2025, 06:12 AM

Asia stocks begin year on cautious note

Equities mostly had a bumper 2024 on the back of enthusiasm about artificial intelligence (AI), cuts in borrowing costs by central banks and Donald Trump's presidential election win.
2 January 2025, 05:43 AM

Asia's factories end 2024 on weak footing as Trump 2.0 risks mount

A series of manufacturing purchasing managers' indexes for December from across the region published on Thursday showed factory activity slowing in China and South Korea although there were some signs of a pickup in Taiwan and Southeast Asia.
2 January 2025, 05:37 AM

Eating out, air travel to turn costlier

From dining out and travelling by air to purchasing sweets and clothing, the small comforts in life are going to turn costlier for a hike in value added tax (VAT) on 43 goods and services.
1 January 2025, 18:00 PM

Manufacturing activity of China grows for 3rd month

China’s manufacturing activity expanded in December for the third month in a row, official data showed Tuesday, as leaders fight to reverse a slowdown in the world’s number two economy.
1 January 2025, 18:00 PM

Sri Lanka’s key consumer price index fell 1.7% in Dec

Sri Lanka’s consumer price index fell 1.7 percent year-on-year in December after dropping 2.1 percent in the previous month, the statistics department said on Tuesday.
1 January 2025, 18:00 PM

Bangladesh gets record $27 billion in remittance in 2024

Remittance inflow also broke single-month record in December
1 January 2025, 11:33 AM

Ample supply, slow demand to temper oil price gains in 2025: Reuters poll

The survey of 31 economists and analysts predicted that Brent crude would average $74.33 per barrel in 2025, down from a forecast of $74.53 in November, marking an eighth straight downward revision.
1 January 2025, 07:07 AM

Global markets rode AI, interest rate roller coaster in 2024

Donald Trump's victory in the US presidential election gave Wall Street even more of a boost on hopes he will follow through on pledges of deregulation and tax cuts
1 January 2025, 07:00 AM

Dollar stood tall in 2024

The dollar slipped on the last trading day of the year on Tuesday but was poised to clock strong gains in 2024 against almost all currencies as investors prepared for fewer US rate cuts and the incoming Trump administration.
31 December 2024, 18:00 PM