Asian stocks mixed ahead of Fed decision; oil prices slump

Asian shares were mixed on Wednesday, while oil prices slid to six-month lows as traders waited for the year's final policy decision from the Federal Reserve and clues on whether the central bank will cut rates next year.
13 December 2023, 05:35 AM

Asia to end 2023 on brighter note as China's economy recovers: ADB

Developing Asia will likely end the year on a brighter note, the Asian Development Bank said on Wednesday, with growth in the region expected to be stronger than previously thought due mainly to a recovery in China's economy.
13 December 2023, 05:26 AM

Saudi ministry explores investment opportunities in Bangladesh

Saudi Deputy Minister Badr I AlBadr meets Canadian University of Bangladesh Chairman Chowdhury Nafeez Sarafat
12 December 2023, 13:40 PM

US expects to make multi-billion chips awards within the next year

US Commerce Secretary Gina Raimondo said she expects to make around a dozen semiconductor chips funding awards within the next year, including multi-billion dollar announcements that could drastically reshape US chip production.
12 December 2023, 05:58 AM

Oil rises ahead of interest rate decisions, oversupply fears linger

Oil prices ticked up on Tuesday as investors played cautious ahead of key interest rate decisions and inflation data releases, but concerns over supply surplus and slower demand growth kept a lid on gains.
12 December 2023, 05:52 AM

Microsoft, US labor group team up on AI

Microsoft and the AFL-CIO, the pre-eminent labor group in the United States, have entered into a partnership to better address the consequences of artificial intelligence on the workforce and to guide government regulation.
12 December 2023, 05:45 AM

DSE starts compensating deceived investors

8,581 investors will get Tk 25 crore
11 December 2023, 14:39 PM

ADB gives $400 million to support climate priorities in Bangladesh

This is the first subprogram of the indicative $700 million Climate-Resilient Inclusive Development Programme
11 December 2023, 14:32 PM

‘Some traders exploiting onion price differences of India, Bangladesh’

India’s Consumer Affairs Secretary Rohit Kumar Singh says today in New Delhi
11 December 2023, 13:09 PM

Asian markets mixed ahead of US inflation data, Fed decision

Asian markets diverged Monday as investors awaited key US data and a Federal Reserve policy decision after labour figures last week suggested the US central bank was on course to deliver a soft landing for the economy while reining in inflation.
11 December 2023, 07:55 AM

No global carbon price? Some companies set their own

A growing list of global companies are setting a price or charging themselves for each metric ton of their carbon emissions, looking to shape their investments and business for future pollution taxes or other new climate rules.
11 December 2023, 07:46 AM

Dollar steady with US inflation, Fed meeting eyed; yuan heavy

The dollar started Monday on the front foot, with a reading on US inflation and the Federal Reserve's last policy meeting for the year likely to set the tone for the week, while rising deflationary pressure in China leant on the yuan.
11 December 2023, 06:01 AM

Highest VAT depositor nine firms honoured

Three each from manufacturing, trading and services sectors
10 December 2023, 11:58 AM

Renata all set to enter Australian pharma market

Levonorgestrel 1.5mg, a contraceptive pill, will be the inaugural product
10 December 2023, 11:28 AM

COP28 clashes over fossil fuel phase-out after OPEC pushback

Countries clashed on Saturday over a possible agreement to phase-out fossil fuels at the COP28 summit in Dubai, jeopardising attempts to deliver a first-ever commitment to eventually end the use of oil and gas in 30 years of global warming talks.
10 December 2023, 06:51 AM

US Fed expected to pause again as inflation edges closer to target

The US Federal Reserve is widely expected to hold interest rates at a 22-year high for a third consecutive meeting on Wednesday as it continues to fight elevated inflation.
10 December 2023, 06:43 AM

No 'single solution' for energy transition: OPEC chief

The OPEC oil cartel said Saturday there was no "single solution" to the energy transition as pressure grows to agree a phase-out of fossil fuels at the COP28 climate talks.
10 December 2023, 05:56 AM

Australia to triple fees on foreign purchasers of existing homes

The centre-left Labor government would also cut application fees for foreign investment in "build to rent" projects to encourage construction of more homes, Chalmers said.
10 December 2023, 05:26 AM
9 December 2023, 14:17 PM

Microsoft, OpenAI tie-up comes under antitrust scrutiny

Microsoft's (MSFT.O) partnership with ChatGPT maker OpenAI is under US and UK antitrust scrutiny, the British regulator and a media report said on Friday, following the startup's boardroom battle that led to the sudden ouster and return of CEO Sam Altman.
9 December 2023, 07:26 AM