Oil price rises for third day

Oil rose for a third straight day on Wednesday as investor concern eased about US interest rate hikes and an industry report pointed to a drop in US crude inventories.
8 February 2023, 18:00 PM

55 local firms take part in German show

Some 55 Bangladeshi companies participated in the world’s largest consumer trade show Ambiente in Germany’s Frankfort to showcase the locally produced goods to the international customers.
7 February 2023, 18:00 PM

Bangladesh to see more China-funded mega projects

Bangladesh will see more China-funded mega projects in near future, Newly-appointed Chinese Ambassador to Bangladesh Yao Wen said yesterday.
7 February 2023, 18:00 PM

Australia lifts rates to 10-year high

Australia’s central bank on Tuesday hiked interest rates to a 10-year high as it tries to rein in surging inflation while also trying not to trigger a recession.
7 February 2023, 18:00 PM

Indonesian growth rises to 9-year high

Indonesia’s economic growth accelerated to a nine-year high in 2022 despite global uncertainty and a final-quarter slowdown, official data showed Monday, owing to soaring commodity prices and easing Covid-19 curbs.
7 February 2023, 18:00 PM

German industrial output falls more than expected

German industrial production fell more than expected in December, driven by a plunge in output from energy-intensive sectors, the federal statistics office said on Tuesday.
7 February 2023, 18:00 PM

Adani shares soar 15% after loan pledge

Shares in the flagship firm of troubled Indian conglomerate Adani rose almost 15 percent Tuesday, clawing back some of its recent huge losses after saying it would repay more than $1 billion in loans.
7 February 2023, 18:00 PM

Drug makers face Covid cliff

Pharmaceutical companies that made billions from the pandemic over the past two years selling vaccines and treatments are now up against a steep Covid cliff and investor pressure to spend their windfalls wisely.
7 February 2023, 18:00 PM

Malaysia confident of avoiding recession

Malaysia is confident of achieving positive growth and avoid a recession this year despite having to navigate through global headwinds.
6 February 2023, 18:00 PM

China willing to restart trade dialogue with Australia

China’s commerce minister Wang Wentao said talks held on Monday with Australian counterpart Don Farrell were a key step toward bringing bilateral economic and trade ties back on track, with relations improving after being strained in recent years.
6 February 2023, 18:00 PM

Adani sell-off losses top $110b

The crisis engulfing the Adani group intensified on Monday as dozens of members India’s main opposition party were detained by police during protests, and parliament was suspended again due to disruptions over the saga.
6 February 2023, 18:00 PM

Looser financial conditions pose conundrum for central banks

Central banks aggressively hiked interest rates last year as inflation in many countries rose to the highest levels in decades. Now, falling energy prices are reducing headline inflation and fueling optimism that monetary policy may be eased later this year.
6 February 2023, 07:00 AM

Europe in crossfire of US-China economic rivalry

The economic confrontation between the United States and China has put Europe in the crossfire, with Washington’s plan to boost green industries threatening to cause collateral damage to a key ally.
5 February 2023, 18:00 PM

Japan needs stable, sustained inflation: official

Japanese Deputy Chief Cabinet Secretary Seiji Kihara on Sunday stressed the need to achieve an economy where inflation rises stably and sustainably, when asked whether the next central bank governor should maintain ultra-easy monetary policy.
5 February 2023, 18:00 PM

India to ban China-linked betting, loan lending apps

India’s Ministry of Electronics and Information Technology (MeitY) has begun a process to ban and block 138 betting apps and 94 loan lending apps with Chinese links, India’s ANI reported on Sunday, citing sources.
5 February 2023, 18:00 PM

Lanka completing pre-requisites for IMF aid: president

Sri Lanka is completing the pre-requisites to unlock a $2.9 billion bailout from the International Monetary Fund (IMF) and expects rapid approval from the global lender, President Ranil Wickremesinghe said on Saturday.
4 February 2023, 18:00 PM

Strong India services growth dips in Jan

Robust growth in India’s services industry eased last month after touching a six-month high in December, with softening orders spurring caution in companies’ business outlooks for the year, a private business survey showed on Friday.
4 February 2023, 18:00 PM

US unemployment rate lowest since 1969

US job growth accelerated sharply in January while the unemployment rate hit more than a 53-1/2-year low of 3.4 per cent, pointing to a stubbornly tight labour market, and a potential headache for Federal Reserve officials as they fight inflation.
4 February 2023, 18:00 PM

Oil price falls 3pc

Oil prices fell to over three-week lows on Friday in a volatile session, after strong US jobs data raised concerns about higher interest rates and as investors sought more clarity on the imminent EU embargo on Russian refined products.
4 February 2023, 18:00 PM

ECB set to raise rates again

The European Central Bank is likely to raise interest rates again in May after an already signalled hike in March, two policymakers said on Friday, with one arguing that the peak or “terminal” rate is at least starting to appear on the horizon.
4 February 2023, 18:00 PM