Assam’s delegation in Dhaka to improve trade, connectivity

A 32-member parliamentary delegation of Assam arrived in Bangladesh on a four-day visit yesterday, aimed at improving trade and connectivity between Bangladesh and the north-eastern states of India.
19 November 2022, 18:00 PM

Indonesia, China ink $2.6b palm oil, fishery trade deals

China has signed a US$2.6 billion worth of commitment to purchase crude palm oil (CPO) and its derivative products from Indonesia, allowing the archipelagic country to secure a trade boost from its number-one trading partner amid global recession.
19 November 2022, 18:00 PM

Oil price slides 2pc

Oil dropped by about 2 per cent on Friday, logging a second weekly decline, due to concern about weakened demand in China and further increases to US interest rates.
19 November 2022, 18:00 PM

JP Morgan predicts mild US recession

J.P. Morgan economists predict a  “mild recession” in the United States in the back half of next year given expectations for the Federal Reserve to tighten monetary policy further in its battle against inflation.
17 November 2022, 18:00 PM

Germany looks to Asia-Pacific to strengthen economy

Germany is keen on strengthening its economic ties with the Asia Pacific region, said German Chancellor Olaf Scholz in his opening address during the 17th edition of Asia-Pacific Conference of German Business (APK) held in Singapore on Monday.
16 November 2022, 18:00 PM

China’s economy loses pace amid Covid curbs

China’s economy suffered a broad slowdown in October as factory output grew more slowly than expected and retail sales fell for the first time in five months, underscoring faltering demand at home and abroad.
15 November 2022, 18:00 PM

India’s retail inflation eases

India’s annual retail inflation eased to a three-month low of 6.77 per cent in October, helped by a slower rise in food prices and a higher base effect, strengthening bets of smaller rate hikes by the country’s central bank at its meeting next month.
15 November 2022, 18:00 PM

Global economic outlook even gloomier than projected: IMF

The global economic outlook is even gloomier than projected last month, the International Monetary Fund said on Sunday, citing a steady worsening in purchasing manager surveys in recent months.
14 November 2022, 03:18 AM

India can buy as much Russian oil as it wants

The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap, US Treasury Secretary Janet Yellen said on Friday.
13 November 2022, 18:00 PM

Many German manufacturers eye shift from China

German Chancellor Olaf Scholz discussed energy and trade ties with Vietnam’s Prime Minister Pham Minh Chinh during a visit to Hanoi on Sunday, the first for a German leader in more than a decade.
13 November 2022, 18:00 PM

Yellen warns of need to lift debt ceiling

With odds of a split US Congress rising, Treasury Secretary Janet Yellen warned that lawmakers’ failure to raise the statutory limit on US debt posed a “huge threat” to America’s credit rating and functioning of US financial markets.
13 November 2022, 18:00 PM

Chinese brands outnumber foreign names

Chinese consumers clutched their wallets tight in this year’s Singles Day and continued seeking relatively economical home brands over pricier expensive labels, as strict COVID-19 curbs and economic uncertainty weighed on the shopping extravaganza.
12 November 2022, 18:00 PM

UK external deficit a worry: S&P

Britain’s external deficit is a worry and there are questions over the country’s competitiveness long-term, while the new Italian government’s medium-term fiscal plan appears “realistic”, senior analysts at S&P Global said on Friday.
12 November 2022, 18:00 PM

Dollar extends fall after inflation data knock

The dollar fell across the board for a second straight day on Friday, as investors favoured riskier currencies following signs U.S. inflation is cooling that boosted the case for the Federal Reserve to ease off its hefty interest rate hikes.
12 November 2022, 18:00 PM

Can Ukraine’s grain deal ease the global food crisis?

A deal to free-up vital grain exports from Ukraine expires on November 19 and intense negotiations over the next few days will determine whether it is extended and possibly even expanded to help ease concerns about global food security.
10 November 2022, 18:00 PM

Maersk builds warehouse to expand capacity

Maersk is building a 100,000-square-feet warehouse in the port city of Chattogram to expand its capacity, said the global shipping services company.  
10 November 2022, 18:00 PM

Elon Musk sells $4b in Tesla stock

Asian stocks made a positive start Wednesday following gains on Wall Street but lost momentum as factory gate prices in China fell for the first time in nearly two years.
9 November 2022, 18:00 PM

Dark clouds over China economy amid Covid curbs, slowdown

A slew of lacklustre indicators for October show strict and enduring Covid curbs as well as a global slowdown are dragging on China’s economy, analysts told AFP, with prospects looking increasingly grim for 2023.
9 November 2022, 18:00 PM

Germany to block chip factory sale to Chinese firm

The German economy ministry has recommended that the sale of a chip factory to a Chinese-owned firm should be blocked as it poses a security threat, government sources said Tuesday.
8 November 2022, 18:00 PM

India says Russia oil deals advantageous

India will continue buying Russian oil because it benefits the country, India’s foreign minister said on Tuesday after meeting his Russian counterpart for the fifth time this year, adding that the two countries were expanding their trade ties.
8 November 2022, 18:00 PM