Tesla considers raising prices in China from September

US electric vehicle maker Tesla Inc is considering lifting its prices in China from September amid yuan-related uncertainty, two people familiar with the matter said.
7 August 2019, 18:00 PM

Samsung seeks alternatives to Japanese suppliers in trade row

South Korean tech giant Samsung Electronics, the world’s biggest smartphone and memory chip maker, is seeking alternatives to Japanese suppliers for some key materials, it said Wednesday with Seoul and Tokyo embroiled in a bitter trade dispute.
7 August 2019, 18:00 PM

India central bank makes fourth rate cut this year, revises growth forecast

India’s central bank on Wednesday cut interest rates for the fourth time this year and slashed growth forecasts as New Delhi battles a sluggish economy and high unemployment.
7 August 2019, 18:00 PM

Trump dismisses fears of long-lasting trade war

US President Donald Trump dismissed fears of a protracted trade war with China on Tuesday despite a warning from Beijing that labeling it a currency manipulator would have severe consequences for the global financial order.
7 August 2019, 18:00 PM

Tens of thousands losing jobs as India’s auto crisis deepens

Slumping sales of cars and motorcycles are triggering massive job cuts in India’s auto sector, with many companies forced to shut down factories for days and axe shifts, multiple sources said.
7 August 2019, 18:00 PM

China warns India of ‘reverse sanctions’ if Huawei is blocked

China has told India not to block its Huawei Technologies from doing business in the country, warning there could be consequences for Indian firms operating in China, sources with knowledge of the matter said.
7 August 2019, 18:00 PM

Investors seek safety in bonds on fears over economic outlook

Money poured into the world’s bond markets on Wednesday as investors shunned riskier investments such as stocks for the relative safety of government debt.
7 August 2019, 18:00 PM

China rare earths group supports counter-measures against US ‘bullying’

China’s rare earths association said it would support Chinese counter-measures in the escalating trade row with the United States, which it accused on Wednesday of “bullying”.
7 August 2019, 18:00 PM

SoftBank Group triples net profit in first quarter

Japan’s SoftBank Group said Wednesday its first-quarter net profit more than tripled thanks to exceptional gains related to the sale of shares in Chinese e-commerce giant Alibaba.
7 August 2019, 18:00 PM

FedEx cuts ties with Amazon in sign of new rivalry

FedEx said Wednesday it would stop ground deliveries for Amazon in the latest sign of competition between the two firms.
7 August 2019, 18:00 PM

Huawei seeks compensation from Flex over withheld goods

Huawei Technologies said it was seeking compensation from its contract manufacturer Flex Ltd for illegally withholding some 400 million yuan ($57 million) worth of its goods in the wake of a U.S. trade ban on the Chinese firm.
6 August 2019, 18:00 PM

US designates China a ‘currency manipulator’ as trade war rages

The United States on Monday formally accused China of manipulating its currency, marking the second major escalation in the two countries’ spiraling trade war in just 24 hours.
6 August 2019, 18:00 PM

Australia parks rates, warns on trade fights

Australia’s central bank on Tuesday backed away from a third consecutive interest rate cut, but warned of “increased uncertainty” from global trade disputes.
6 August 2019, 18:00 PM

Rolls-Royce expresses optimism over Brexit plans

UK engine-maker Rolls-Royce on Tuesday expressed confidence over plans for Britain’s departure from the European Union, but revealed that the pound’s Brexit-fuelled slump has left it languishing in the red.
6 August 2019, 18:00 PM

China says it began purchasing more US farm goods

China said Thursday that it had begun purchasing more US farm goods, addressing a key sticking point in efforts to resolve a drawn-out trade war between the two economic giants.
1 August 2019, 18:00 PM

Fed cuts key interest rate to ‘insure’ against global uncertainties

The US Federal Reserve, under intense pressure from President Donald Trump to stimulate the economy, on Wednesday cut the benchmark interest rate for the first time in more than a decade but struggled to justify the move or explain where it goes next.
1 August 2019, 18:00 PM

China’s tax cuts hit local govt coffers, may undermine stimulus

China’s $300 billion in tax cuts aimed at stimulating its slowing economy are starting to hurt the revenues of debt-ridden provincial governments, with poor western regions suffering the most from squeezed budgets, a Reuters analysis showed.
1 August 2019, 18:00 PM

BMW profits dented by electric vehicle investment costs

German high-end carmaker BMW on Thursday reported slumping second quarter profits, with pricey investment in electric cars sapping the bottom line, but it remained confident of hitting its financial targets.
1 August 2019, 18:00 PM

Euro zone bond yields tick up as Fed cut underwhelms

Core euro zone bond yields inched up from all-time lows on Thursday after US Federal Reserve Chairman Jerome Powell tempered bets on more rate cuts after the central bank’s first cut in more than a decade.
1 August 2019, 18:00 PM

Peyala Café opens on Gulshan Avenue

A third outlet of Peyala Café has recently opened at 49, Gulshan Avenue in Dhaka.
1 August 2019, 18:00 PM