China manufacturing activity grows for third straight month

China's Purchasing Managers' Index (PMI) was 50.1 in December, marking a third consecutive month of expansion
31 December 2024, 07:09 AM

Gold gains 27% so far this year

Gold prices slipped in thin trade on Monday, as markets awaited next week’s US economic data and the potential impact of President-elect Donald Trump’s return to office on the Federal Reserve’s 2025 outlook.
30 December 2024, 18:00 PM

Japan’s factory activity shrinks at slower pace

Japan’s factory activity shrank at a slower pace in December as declines in production and new orders eased, a private-sector survey showed on Monday, edging closer to stabilisation after recent falls.
30 December 2024, 18:00 PM

Ctg port posts record in container handling

A rise in foreign trade is helping the port recover from the global economic downturn
30 December 2024, 14:06 PM

Japan's factory activity shrinks at slower pace, PMI shows

New orders contracted for the 19th straight month on subdued demand in both domestic and key overseas markets
30 December 2024, 10:07 AM

Russian manufacturing growth slows in Dec

Russia’s manufacturing sector continued to expand in December, but at a slower pace than the previous month, as inflationary pressures remained high and business confidence weakened, S&P Global reported on Friday.
29 December 2024, 18:00 PM

Tokyo’s property boom looks built to last

Tokyo is bustling. Office vacancy rates in the Asian city are around 3 percent, sharply lower than 15 percent for New York and 8 percent for London. Japan’s rising appeal to financiers, tourists and global buyout firms alike, plus its enduring low interest rates, will underpin another strong year for its commercial property market.
29 December 2024, 18:00 PM

Bangladesh should harness expertise of NRBs to thrive globally: foreign adviser

Bangladesh should enhance the quality of its workforce, embrace innovation, upskill the labour force and harness the expertise of the non-resident Bangladeshis (NBRs) to thrive globally, Foreign Adviser Md Touhid Hossain said today..With improved ICT infrastructure and strategic rebranding
29 December 2024, 14:24 PM

OpenAI plans to become for-profit company

ChatGPT-maker OpenAI laid out plans Friday for a new corporate structure shifting away from control by a non-profit -- an issue of contention for the artificial intelligence trailblazer.
28 December 2024, 18:00 PM

Big Oil backtracks on renewables push as climate agenda falters

Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down - and at times reversing - climate commitments in a shift that they are likely to stick with in 2025.
28 December 2024, 18:00 PM

Transport workers’ strike hits importers hard

1.5 million tonnes of imported goods got stuck at 50 ports
28 December 2024, 13:03 PM

Political turmoil shakes South Korea's economy

The won, which plunged Friday to its lowest level against the dollar since 2009, has been in near-constant decline since President Yoon Suk Yeol's attempt to scrap civilian rule in early December.
28 December 2024, 07:36 AM

US to hit new debt limit as soon as Jan 14: Yellen

Lawmakers have suspended the debt ceiling -- a limit on government borrowing to pay for bills already incurred -- until January 1 next year.
28 December 2024, 07:17 AM

Falling prices become a headache for onion farmers

The growers dumped onion on Pabna-Sujanagar road demanding a fair price
26 December 2024, 13:05 PM

China revises up 2023 GDP, sees little impact on 2024 growth

Gross domestic product (GDP) in 2023 was raised by 3.4 trillion yuan to 129.4 trillion ($17.73 trillion), Kang Yi, the head of the National Bureau of Statistics, told a presss conference, while releasing the fifth national economic census
26 December 2024, 11:20 AM

Oil prices edge higher on hopes for more China stimulus

Brent crude futures rose 22 cents, or 0.3 percent, to $73.80 a barrel by 0450 GMT
26 December 2024, 05:51 AM

Dollar stays resilient, Asia shares get festive lift

As the year-end approaches, trading volumes have begun thinning out and the main focus for investors remains that of the Federal Reserve's rate outlook.
26 December 2024, 05:44 AM

Trump and Tesla will turbocharge self-driving race

In 2025, a competition to master assisted and autonomous driving will begin in earnest. Carmakers like Tesla are chasing a market that McKinsey reckons could be worth $400 billion by 2035. But the benefits may prove elusive.
25 December 2024, 18:00 PM

US banks sue Fed over ‘opaque’ stress tests

A business coalition led by large US banks filed suit Tuesday against the Federal Reserve, criticizing the central bank’s annual stress test implementation as “opaque” and detrimental to economic growth.
25 December 2024, 18:00 PM

Russia using bitcoin in foreign trade

Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday.
25 December 2024, 18:00 PM