China, US spar at WTO meeting over disputes

China and the United States exchanged sharp criticism at a World Trade Organization meeting on Friday, with Beijing calling Washington a “unilateral bully” and the US accusing its rival of illegal retaliatory measures.
28 January 2023, 18:00 PM

EU cap to limit Moscow’s choice of buyers

A proposed EU price cap on Russian diesel may be high enough to allow Moscow to continue exporting the fuel, but in practice could deter big Asian buyers who have become used to buying cheap Russian crude to refine it themselves, analysts say.
28 January 2023, 18:00 PM

US and EU to launch first ever AI deal

The United States and European Union on Friday announced an agreement to speed up and enhance the use of artificial intelligence to improve agriculture, healthcare, emergency response, climate forecasting and the electric grid.
28 January 2023, 18:00 PM

Global economic view downgraded for this year

Global economic growth is forecast to barely clear 2 per cent this year, according to a Reuters poll of economists who said the greater risk was a further downgrade to their view, at odds with widespread optimism in markets since the start of the year.
26 January 2023, 18:00 PM

Germany to avoid recession this year: govt

Germany is set to narrowly escape a recession this year, the government said Wednesday, as Europe’s biggest economy weathers the fallout from the Ukraine war better than expected.
25 January 2023, 18:00 PM

Adani stocks sink Indian shares

Indian shares fell to their lowest level in over a week on Wednesday, dragged by Adani group stocks after a short seller raised fresh concerns about the group’s debt in a report that had a ripple effect across the market.
25 January 2023, 18:00 PM

Eurozone returns to growth after 6-month crunch

The eurozone economy grew in January for the first time in six months, a closely watched survey showed Tuesday, raising hopes that Europe will avoid a recession this winter.
24 January 2023, 18:00 PM

Euro scales 9-month peak

The euro hit a nine-month peak against the dollar on Monday as comments on European interest rates signalling additional jumbo rate rises contrasted with market pricing for a less aggressive Federal Reserve.
23 January 2023, 18:00 PM

India may cut gold import duty

India plans to slash the import duty on gold because higher taxes have made it more profitable for smugglers, who can offer hefty discounts and denting the market share of banks and refiners, government and industry officials told Reuters.
23 January 2023, 18:00 PM

Brazil and Argentina discuss common currency

Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez said in a joint article they penned.
23 January 2023, 03:27 AM

Can Bangladesh overtake China to be EU’s biggest apparel source?

Bangladesh is poised to become the source of most of the European Union’s (EU) apparel as China, the largest apparel supplier worldwide, is witnessing a decrease in its share of trade with the bloc. 
23 January 2023, 03:00 AM

Develop suitable ecosystem for Smart Bangladesh: experts

It is now crucial to hold different players of the telecom industry other than mobile network operators accountable to ensure better voice and data services for consumers, according to various experts.
21 January 2023, 18:00 PM

Flying to China to be made easier

China will start full-fledged flight operations with Bangladesh from February this year, according to the newly appointed Chinese Ambassador to Bangladesh Yao Wen.
21 January 2023, 18:00 PM

Rizal Bank appeals after US court rejects initial motion

A Philippine bank at the centre of an unsolved $81 million cyber heist has appealed a New York Supreme Court decision to dismiss the bank’s motion to throw out the Bangladesh central bank’s lawsuit against it.
21 January 2023, 18:00 PM

Philippine bank at centre of cyber heist appeals New York court loss to Bangladesh

A Philippine bank at the centre of an unsolved $81 million cyber heist has appealed a New York Supreme Court decision to dismiss the bank's motion to throw out the Bangladesh central bank's lawsuit against it.
21 January 2023, 10:02 AM

Japan’s export growth slows sharply in Dec

Japan’s export growth slowed sharply in December as China-bound shipments fell for the first time in seven months, stoking fears of further slowdown in the global economy and external demand for Japanese shipments.
19 January 2023, 18:00 PM

Fed policymakers call for further rate hikes

Federal Reserve policymakers on Wednesday signaled they will push on with more interest rate hikes, with several supporting a top policy rate of at least 5 per cent even as inflation shows signs of having peaked and economic activity is slowing.
19 January 2023, 18:00 PM

China developers’ debt risks persist

China’s Country Garden had some rare good news for the cash-squeezed property sector with an offshore debt repayment on Tuesday, but a closer look reveals just how much developers may still struggle to access capital, developers and analysts said.
18 January 2023, 18:00 PM

Taiwan records biggest contraction since 2009

Taiwan’s economy shrank in the final quarter of 2022, the government said Wednesday, in the island’s worst quarterly contraction since it was hammed by the global financial crisis in late 2009.
18 January 2023, 18:00 PM

Eurozone could avoid recession

The eurozone economy is performing better than feared just a few months ago and the 20-nation bloc could even avoid a recession, French central bank chief Francois Villeroy de Galhau said on Wednesday.
18 January 2023, 18:00 PM