Indonesia bans goods transactions on social media platforms

Indonesia has banned goods transactions on social media platforms in a new regulation, its trade minister said Wednesday, as Jakarta aims to rein in direct sales on major platforms it says are harming millions of small businesses.
27 September 2023, 11:12 AM

How serious is Russia's fuel export ban and who will be hit?

Russia said on September 21 it had temporarily banned gasoline and diesel exports to all but four ex-Soviet states in response to domestic shortages, a move that will disrupt global trade that has already had to adjust to Western sanctions on Russian fuel exports.
27 September 2023, 06:45 AM

Shutdown looms as US Senate, House take dueling tacks on funding

The US Senate on Tuesday took a step forward on a bipartisan bill meant to stop the government from shutting down in just five days, while the House sought to push ahead with a conflicting measure backed only by Republicans.
27 September 2023, 06:32 AM

Global aluminium output hits record high

Global production of primary aluminium hit an all-time high in August, with the world's smelters running at an annualised rate of 71.2 million metric tons..It was the second consecutive month that run-rates were above the 70-million metric ton mark. Prior to July the level had been exceede
26 September 2023, 19:46 PM

India to cut floor price for basmati rice exports - sources

India will cut the floor price for basmati rice exports in the coming days, sources familiar with the matter said, after millers and traders complained about a sharp drop in overseas sales of the premium aromatic grain.
26 September 2023, 08:45 AM

How reform can aid growth and green transition in developing economies

Many emerging markets and developing economies face threats to economic growth and limited policy space due to high inflation, rising debt, and balance of payments pressures. These challenges mounted during the pandemic and were further intensified by Russia's war in Ukraine.
26 September 2023, 07:09 AM

Bangladesh starts exporting printed circuit boards

While already established as a major player in garment and pharmaceutical exports, Bangladesh is now expanding its presence in the global market for high-tech circuitry, namely printed circuit boards (PCBs).
26 September 2023, 02:30 AM

German business morale weak in Sept

German business sentiment fell less than expected in September but it was the fifth consecutive decline, a key survey showed Monday, as Europe’s biggest economy struggles to recover from a recession.
25 September 2023, 18:00 PM

India could sell more wheat in open market

The Indian government could sell more wheat in the open market to control prices that have reached their highest in nearly eight months, the country’s food secretary said on Monday.
25 September 2023, 18:00 PM

Malaysia boosts exports of palm oil to China

Malaysia will increase palm oil exports to China by 500,000 tons a year as it faces pressure from new European Union restrictions targeting deforestation, a senior minister told AFP on Monday.
25 September 2023, 18:00 PM

Will Bangladesh benefit from trade in rouble?

Russia has included Bangladesh on its list of friendly and neutral countries, a development that would allow its local banks and brokers to settle trade transactions in the rouble.
25 September 2023, 02:00 AM

China cenbank adviser for structural reforms

China has limited room for further monetary policy easing, and it should pursue structural reforms such as encouraging entrepreneurs rather than counting on macroeconomic policies to revive growth, a central bank adviser said on Sunday.
24 September 2023, 18:00 PM

Oil ends week lower

Oil prices held steady on Friday but closed the week lower on profit-taking and as markets weighed supply concerns stemming from Russia’s fuel export ban against demand woes from future rate hikes.
24 September 2023, 18:00 PM

Dollar up against major currencies

The US dollar advanced against a basket of currencies on Friday as the latest batch of data on business activity from around the globe highlighted the superior position of the United States relative to other major economies.
24 September 2023, 18:00 PM

Toyota to speed up EV production

Toyota Motor will speed up production of electric vehicles of its Toyota and luxury Lexus brands, the Nikkei newspaper reported on Friday.
24 September 2023, 18:00 PM

Malaysia’s medical tourism sector alive and well

Medical tourists are returning to Malaysia in full force and are expected to surpass the pre-Covid-19 pandemic level in 2019 thanks to the reopening of borders, quality healthcare and competitive pricing.
24 September 2023, 18:00 PM

Fed official calls for more rate hikes

The US Federal Reserve has more work to do to tackle high inflation despite making “considerable” progress in the last 18 months, a senior bank official said Friday.
24 September 2023, 18:00 PM

UK consumers most optimistic since early 2022

British consumers are their most optimistic since the start of 2022 as they turn more hopeful about the economy with inflation on the wane and wages growing, a survey showed on Friday.
24 September 2023, 18:00 PM

China seeks energy partnership with Arab states

China is willing to work with Arab states to build a strategic energy partnership featuring mutual benefits and long-term friendship and explore the possibility of a renminbi settlement for oil and gas trade, a senior Chinese official said on Thursday during the sixth China-Arab States Expo.
24 September 2023, 18:00 PM

Russia lets Bangladesh trade on its currency market

Russia has approved a list of more than 30 friendly and neutral countries whose banks and brokers will be allowed to trade on the Russian currency as well as derivatives markets.   
23 September 2023, 18:00 PM