Russian strikes continue on Ukraine's ports after Moscow warns ships

Russian strikes on Ukrainian port areas continued on Thursday, local authorities said, after Moscow warned that ships heading to Ukraine's Black Sea ports could be considered military targets.
20 July 2023, 08:25 AM

Nissan, Renault ready to announce new alliance deal

Nissan and Renault will make an announcement in the coming days on their restructured alliance and have finalised the deal, three people familiar with the matter said, capping 10 months of sometimes tense negotiations.
19 July 2023, 18:00 PM

Why China could become the luxury industry’s next sore spot

The luxury goods industry has relied heavily on China and North America for growth in recent years, but latest Chinese economic figures and a disappointing sales update from Cartier-owner Richemont suggest both markets may be starting to slow.
19 July 2023, 18:00 PM

ADB cuts inflation forecast for developing Asia

The Asian Development Bank cut its inflation forecast for developing Asia on Wednesday, as food and fuel prices eased, supply chain disruptions waned and interest rate hikes started to bite.
19 July 2023, 18:00 PM

Chambers worried over Russia’s exit

The leaders of six major trade bodies in Bangladesh have expressed concerns over disruptions to the global supply chain of wheat following Russia’s exit from the Black Sea Grain Initiative on July 17.
19 July 2023, 18:00 PM

Britain to start talks with Turkey on free trade deal

Britain said on Tuesday it intends to start talks with Turkey over refreshing their bilateral free trade deal, with a view to including services and the digital sector in any future agreement.
18 July 2023, 18:00 PM

Will China ever get rich?

China is entering an era of much slower economic growth, raising a daunting prospect: it may never get rich.
18 July 2023, 18:00 PM

Oil inches higher

Oil prices edged higher on Tuesday as investors weighed a possible tightening of US crude supplies against weaker-than-expected Chinese economic growth.
18 July 2023, 18:00 PM

Dollar slips towards 15-month low

The dollar drifted near a 15-month low against its major peers on Tuesday, as investors awaited fresh catalysts to gauge for downside in the wake of last week’s cooler-than-expected US inflation.
18 July 2023, 18:00 PM

US industrial output falls

US industrial production fell by more than analysts expected last month, the Federal Reserve said Tuesday, with a sharp contraction in output seen in consumer durables like automotive products and carpeting.
18 July 2023, 18:00 PM

Global stocks drop as China growth worries offset Fed rate hopes

Most Asian markets sank Tuesday as further weakness in China’s economy fuelled worries about the effects on global growth, overshadowing optimism that the United States is winning its battle against inflation and could avoid a recession.
18 July 2023, 18:00 PM

Will China ever get rich? A new era of much slower growth dawns

China is entering an era of much slower economic growth, raising a daunting prospect: it may never get rich.
18 July 2023, 08:50 AM

How much will Bangladesh benefit?

Bangladesh and India began settling cross-border trades in the Indian rupee (INR) last week, a development that has been hailed as a landmark for the growing bilateral commerce in general and for Bangladesh in particular.  
18 July 2023, 01:00 AM

Saudi inflation rate ticks down

Saudi Arabia’s annual inflation rate eased to 2.7 per cent in June from 2.8 per cent the previous month, government data showed on Sunday.
17 July 2023, 18:00 PM

Oil slides more than 1%

Oil dropped by more than 1 per cent on Monday after weaker than expected Chinese economic growth fuelled concern over demand in the world’s second-biggest oil consumer while a partial restart of halted Libyan output also pressured.
17 July 2023, 18:00 PM

Storm clouds loom large over China’s economy

China’s lower-than-expected growth in the second quarter comes as the world’s second largest economy is hit by sluggish consumption, a real estate sector in crisis and worries over deflation.
17 July 2023, 18:00 PM

What happens when the Black Sea grain deal expires?

A deal allowing Ukraine to export grain via the Black Sea will expire at the end of Monday after Russia said it will suspend its participation.
17 July 2023, 18:00 PM

Indian traders scoop up cheaper Chinese steel

Indian traders have been scooping up Chinese steel at a deep discount, industry officials and analysts said, spooking Indian producers ahead of a seasonal pick up in domestic demand.
17 July 2023, 18:00 PM

Russia halts UN-brokered Ukraine grain deal

Russia said on Monday that it had halted participation in a landmark UN-brokered deal which allowed Ukrainian grain to be exported through the Black Sea just hours after Moscow said Ukraine had attacked the Crimean Bridge.
17 July 2023, 10:45 AM

Black Sea grain deal to expire Monday if Russia quits

The last ship left Ukraine under the deal on Sunday. Russia's February 2022 invasion and blockade of Ukraine's Black Sea ports sent global grain prices soaring. Ukraine and Russia are among the world's top grain exporters.
17 July 2023, 06:45 AM