Gold slips from over one-week high

Gold prices slipped on Monday from a more than one-week high hit in the previous session as strong data from China and the United States buoyed stock markets, denting the appeal of bullion.
29 April 2019, 18:00 PM

US firms trim growth forecasts amid tariffs, worker shortage

As they continue to feel the impact of US trade wars and struggle to find workers, American companies have rolled back their growth estimates for this year, according to a survey released Monday.
29 April 2019, 18:00 PM

US oil-storage industry fines soar on air, water violations

Fines for violations of air, water and waste regulations by US petroleum storage facilities so far this year have exceeded all of last year - even without including two major Houston-area disasters in the last month still under investigation - according to a Reuters analysis of federal data.
29 April 2019, 18:00 PM

Britain urges caution over Huawei role in 5G network

British Foreign Secretary Jeremy Hunt has urged caution over the role of China’s Huawei in the UK, saying the government should think carefully before opening its doors to the technology giant to develop next-generation 5G mobile networks.
29 April 2019, 18:00 PM

World’s largest bank posts 4.1pc Q1 profit rise

Industrial and Commercial Bank of China Ltd (ICBC), the world’s biggest commercial lender by assets, posted a 4.1 percent rise in profit for the three months ended March, its fastest growth for the period since 2014.
29 April 2019, 18:00 PM

EU launches billion-euro loan plan for young farmers

The European Union on Monday launched a plan to give up to one billion euros in cheaper loans to young farmers, who are often turned away by banks.
29 April 2019, 18:00 PM

Euro zone loan growth lets up pace in March

The pace of growth in lending to eurozone households and businesses fell back in March, European Central Bank data showed Monday, in a fresh pointer towards slowing growth across Europe.
29 April 2019, 18:00 PM

Trade talks reach endgame

US negotiators head to China on Tuesday to try to hammer out details to end the two countries’ trade war, including the shape of an enforcement mechanism, the success or failure of which could set the trajectory of ties for years to come.
29 April 2019, 18:00 PM

China’s BRI should be positive for commodities, but evidence is elusive

CHINA’S ambitious Belt and Road Initiative (BRI) is one of those vast programmes that should be positive for global commodities, but finding any concrete proof of increased demand is proving far more elusive.
29 April 2019, 18:00 PM

Microsoft sets sights on cloud business in Bangladesh

MICROSOFT is targeting to get huge business through its cloud solution segment in Bangladesh, especially from the private sector, as the country has been advancing digitally for the last few years.
29 April 2019, 18:00 PM

EU forces Visa and MasterCard to cut fees

The European Union will oblige credit card giants Visa and MasterCard to reduce their fees for payments on transactions involving cards
29 April 2019, 18:00 PM

Iran sanctions, unrest hit Mideast growth: IMF

US sanctions on Iran, rising unrest in the Middle East and North Africa and oil price volatility are dragging regional economic growth, the International Monetary Fund said Monday.
29 April 2019, 18:00 PM

Jaguar Land Rover to allow car drivers to earn cryptocurrency

Jaguar Land Rover, Britain’s largest auto manufacturer, said on Monday it is testing software that will allow drivers of its cars to earn the IOTA cryptocurrency as a reward for sharing data.
29 April 2019, 18:00 PM

Don’t discriminate against Huawei in 5G development

China on Sunday warned Britain not to discriminate against companies involved in developing the 5G network and to resist pressure from other countries over whether it should work with Huawei Technologies.
28 April 2019, 18:00 PM

Climate change creates pressure on oil industry

The oil industry, under mounting pressure from environmental activists to react more quickly to counter climate change, has begun to adapt its strategy but is struggling to convince critics it is doing enough.
28 April 2019, 18:00 PM

Fed to hold fire despite White House call for rate cut

The Federal Reserve is poised to hold its fire this week, leaving benchmark US interest rates untouched as central bankers await firm indications of where the world’s largest economy is headed.
28 April 2019, 18:00 PM

RBI steps up liquidity management

The Reserve Bank of India’s surprise announcement of new open market purchases of government bonds is a sign the central bank is stepping up efforts to increase the economic impact of its policy decisions, analysts say.
24 April 2019, 18:00 PM

Steel production cost to rise Tk 4,000 a tonne: millers

The construction sector will be affected and the cost of infrastructure projects will go up significantly if the proposed gas price hike for industries comes into effect, steel millers said yesterday.
24 April 2019, 18:00 PM

Boeing seeks to exit crisis mode as it reports results

Under growing scrutiny from investors and regulators, embattled US aerospace giant Boeing will have a chance this week to reset the narrative as it aims to pivot from two deadly crashes that have grounded a top-selling plane.
24 April 2019, 18:00 PM

Britain starts search for Bank of England governor

Britain’s finance minister Philip Hammond began the search for a new governor of the Bank of England on Wednesday, seeking someone to help steer the world’s fifth-biggest economy, and its global financial centre, through the upheaval of Brexit.
24 April 2019, 18:00 PM