Taiwan to woo backers at APEC for bid to join Pacific trade pact

Taiwan will seek support for its bid to join a trans-Pacific trade pact when it attends a meeting of economic leaders of the Asia-Pacific group APEC next week, President Tsai Ing-wen said on Tuesday.
2 November 2021, 18:00 PM

Most markets rise in Asia

Asian markets mostly rose Tuesday as traders bided their time ahead of key central bank meetings this week that are expected to see officials begin withdrawing their vast pandemic-era financial support, while keeping a wary eye on inflation and supply chain snarls.
2 November 2021, 18:00 PM

Oil drops on China fuel reserves release

Oil prices dropped on Monday as China’s release of gasoline and diesel reserves eased concerns over tight global supply, while investors cashed in ahead of a November 4 meeting of major crude producers that could increase future production targets.
1 November 2021, 18:00 PM

Asian factories shake off lockdown blues

Asia’s factory activity stepped up a gear in October as emerging economies saw Covid-19 infections subside, but rising input costs, material shortages and slowing Chinese growth cloud the outlook, business surveys showed on Monday.
1 November 2021, 18:00 PM

China says coal supply improving

China’s coal supply situation has seen significant improvement with joint efforts from coal producers, logistics and downstream users, while coal prices have also stabilized, said the state planner.
1 November 2021, 18:00 PM

World leaders seek ways to strengthen global supply chains

US President Joe Biden and 16 other world leaders on Sunday discussed action to make supply chains more resilient in the face of any future health crises, as well as climate change and even planned attacks.
1 November 2021, 18:00 PM

Climate finance could make or break COP26 summit. Here’s why

At the UN climate conference, expect one theme to drown out the cacophony of pledges from countries and companies around the world: money.
1 November 2021, 18:00 PM

6,000 Benapole-bound trucks stranded at Petrapole

About 6,000 Benapole-bound goods-laden trucks remained stranded at Kalitala parking in Indian Petrapole Port yesterday due to alleged mismanagement and irregularities by the parking authorities, which has slowed release of vehicles from the area.
1 November 2021, 18:00 PM

Saudi Aramco Q3 profits soar 158pc on higher oil prices

Saudi Aramco’s earnings rose 158 percent year-on-year in the third quarter on higher oil prices and volumes sold as the global economy recovered, it said on Sunday.
31 October 2021, 18:00 PM

Microsoft now the world’s most valuable company

Apple Inc lost its crown as the world’s most valuable public company to Microsoft Corp on Friday, as the iPhone maker’s shares fell about 2 per cent.
30 October 2021, 18:00 PM

Bank of Japan lowers annual growth estimate

The Bank of Japan revised down its annual growth forecast on Thursday and maintained its ultra-loose monetary policy as the pandemic continues to weigh on the world’s third-largest economy.
28 October 2021, 18:00 PM

BD-South Korea trade relations need revival

Trade relations between Bangladesh and South Korea have not progressed much in the past decade although significant achievements were made prior to it, said the East Asian nation’s ambassador to Bangladesh yesterday.
28 October 2021, 18:00 PM

Harness potential of halal goods export to Middle East: experts

Bangladesh has been unable to develop its halal business outreach as the industry’s limited infrastructure makes it difficult to fully utilise the potential of Middle Eastern markets, speakers said at a webinar yesterday.
28 October 2021, 18:00 PM

Energy costs push Spain’s inflation to 29-year high

Spanish consumer prices rose at their fastest pace since 1992 in October on the back of higher energy prices, official data showed Thursday.
28 October 2021, 18:00 PM

Pandemic hit on jobs worse than thought: UN

The impact of the Covid-19 pandemic on jobs has been harder than previously expected, and a worrying two-speed recovery is emerging between richer and poorer nations, the UN’s International Labour Organization warned Wednesday.
27 October 2021, 18:00 PM

Oil prices edge lower

Oil prices edged lower on Tuesday but remained near multi-year highs, supported by a global supply shortage and strong demand in the United States, the world’s biggest consumer.
26 October 2021, 18:00 PM

Asian markets swing

Asian markets were mixed Monday following last week’s gains, with investors keeping a worried eye on a fresh Covid outbreak in China that could drag on the already stuttering economy.
25 October 2021, 18:00 PM

Vietnam calls for domestic coal production boost

Against a backdrop of global calls to phase out fossil fuels to help reduce global greenhouse emissions, Vietnam wants to boost domestic coal production as it grows more reliant on imports.
25 October 2021, 18:00 PM

HSBC chief Quinn says bank’s lows ‘are behind us’

HSBC is emerging from its coronavirus and restructuring troubles to become more reliably profitable, boss Noel Quinn said Monday as he announced the start of a $2 billion share buyback.
25 October 2021, 18:00 PM

Keeping 1.5C alive: Will countries put effort to make NDCs compatible?

Will the 1.5-degree Celsius target be alive by the COP26? This is the key question that has been floating around as we wait for the COP26, starting from October 31 in Glasgow, UK.
25 October 2021, 18:00 PM