Toyota’s Japan production at standstill

Toyota Motor Corp on Tuesday said it has suspended operations at all 14 of its assembly plants in Japan due to a production system malfunction, bringing domestic output to a standstill at the world’s biggest-selling automaker.
29 August 2023, 18:00 PM

US trade curbs threaten global supply chains

Beijing has raised “serious concerns” with the United States over Washington’s trade curbs on Chinese businesses, warning they could threaten the “security and stability” of global supply chains, state media reported Tuesday.
29 August 2023, 18:00 PM

Tk 16.2 crore incentive for summer onion growers

The move comes when India imposes 40% export duty on onion
29 August 2023, 16:19 PM

Bangladesh, Korea trade deal to boost bilateral investment: envoy

The two countries celebrated 50th anniversary of diplomatic relations
29 August 2023, 15:16 PM

China warns US trade curbs threaten global supply chains

Beijing has raised "serious concerns" with the United States over Washington's trade curbs on Chinese businesses, warning they could threaten the "security and stability" of global supply chains, state media reported Tuesday.
29 August 2023, 07:40 AM

China, US set to hold fresh talks on trade disputes

US and Chinese officials will hold a fresh round of talks on contentious trade issues Tuesday, the third day of a visit to Beijing by US Commerce Secretary Gina Raimondo.
29 August 2023, 06:49 AM

Worker outflow to Saudi Arabia climbs but remittance falls

The outflow of migrant workers from Bangladesh to Saudi Arabia surged around four times in the last three years but remittance earnings from the country have kept falling, official figures showed.  
29 August 2023, 00:00 AM

China has no pain-free solutions for its slowing economy

Erin Yao would like to take street dance classes and travel, activities she could not do during three years of Covid-19 restrictions in China.
28 August 2023, 18:00 PM

Rupee goes up marginally

The Indian rupee rose on Monday, but higher near-maturity US Treasury yields were expected to limit the upside for the currency.
28 August 2023, 18:00 PM

Country Garden says its $100b Malaysia project on track

Embattled Chinese developer Country Garden said on Monday its $100-billion project in Malaysia was proceeding as planned and it had sufficient assets, despite concerns about its financial strength amid debt woes.
28 August 2023, 18:00 PM

Dollar eases against euro

The dollar slid from a 12-week peak on Monday after Federal Reserve Chair Jerome Powell left open the possibility of further rate hikes, while the China-sensitive euro edged up in the wake of Beijing halving its stamp duty on stock trading.
28 August 2023, 18:00 PM

Chinese EV maker BYD’s profit trebles

BYD, China’s leading electric carmaker, said on Monday its half-year net profit had tripled based on record demand.
28 August 2023, 18:00 PM

Stable US-China economic relationship is crucial

US Commerce Secretary Gina Raimondo opened talks with Chinese government officials on Monday, saying it is “profoundly important” for the world’s two largest economies to have a stable economic relationship.
28 August 2023, 18:00 PM

Oil steadies

Oil was little changed on Monday after China took steps to bolster its flagging economy, though investors remained worried about the pace of growth as well as further US interest rate hikes that could dampen demand.
28 August 2023, 18:00 PM

Fashion retailers in India suffer sales pain

Across India’s malls and high streets, the mood at fashion shops is sombre - foot traffic is down, sales are low, and many brands are embarking on steeper-than-usual discounts for longer-than-usual periods of time.
28 August 2023, 18:00 PM

Cater to job entrants

Bangladesh requires adaptations to cater to the two million annual job entrants amidst the latest geopolitical considerations and climate change, said Abdoulaye Seck, country director for Bangladesh and Bhutan at the World Bank, yesterday.
28 August 2023, 18:00 PM

Will Bangladesh be affected by India's possible sugar export ban?

Sugar prices have risen globally over the last couple of months
28 August 2023, 15:55 PM

BGMEA seeks Korean investment in non-cotton textiles

Korean envoy calls on BGMEA president
28 August 2023, 14:24 PM

Dollar wobbles as investors ponder 'higher for longer' rate path

The dollar eased from a 12-week peak on Monday as traders weighed the US monetary path after Fed Chair Jerome Powell left open the possibility of further interest rate increases, while the yen hovered close to its lowest in over nine months.
28 August 2023, 07:02 AM

Oil marginally lower as global economic concerns loom

Oil prices were marginally lower on Monday as investors stayed fretful over the pace of economic growth in China, and the prospect of further US interest rate hikes that could dampen fuel demand.
28 August 2023, 05:44 AM