J&J recalls 33,000 bottles of baby powder

Johnson & Johnson said on Friday it is recalling around 33,000 bottles of baby powder in the United States after U.S. health regulators found trace amounts of asbestos in samples taken from a bottle purchased online.
19 October 2019, 18:00 PM

China, US make ‘substantial’ trade deal progress: top official

Beijing and Washington have made “substantial progress” towards a partial trade deal, China’s top trade negotiator said Saturday, in his first comments since talks with US president Donald Trump last week.
19 October 2019, 18:00 PM

BOJ could ease monetary policy further: Kuroda

Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank could ease monetary policy further if needed to spur growth, shrugging off views that it has used up ammunition to fight the next economic downturn.
19 October 2019, 18:00 PM

Johnson’s Brexit: a lesser evil for the UK economy?

British Prime Minister Boris Johnson’s Brexit deal, which was welcomed by business with a sigh of relief, could limit the damage of a hard EU departure but still won’t be painless.
19 October 2019, 18:00 PM

Developing nations must do more to empower women: Ivanka Trump

Developing countries that want to do business with the United States must do more to empower women and give them better access to the workforce, education and legal protections, White House adviser Ivanka Trump said on Friday.
19 October 2019, 18:00 PM

In talks with US firms to license 5G platform: Huawei

Blacklisted Chinese telecoms equipment giant Huawei is in early-stage talks with some US telecoms companies about licensing its 5G network technology to them, a Huawei executive told Reuters on Friday.
19 October 2019, 18:00 PM

US firms say near-term outlook dimming: Fed

Less than stellar US growth in recent weeks has caused many businesses to lower their outlooks and they now expect the economy to weaken, the Federal Reserve said Wednesday.
17 October 2019, 18:00 PM

Govt to build 200 paddy silos to ensure fair prices

The food ministry plans to set up 200 paddy silos for about Tk 6,000 crore in order to buy increased amounts of grains from growers with a view to protecting them from losses in case of good harvest, said a top official.
17 October 2019, 18:00 PM

Samsung to fix Galaxy S10 fingerprint problem

Samsung Electronics Co Ltd said on Thursday it will soon roll out a software patch to fix problems with fingerprint recognition on its flagship Galaxy S10 smartphone.
17 October 2019, 18:00 PM

Unilever suffers dip in emerging markets sales growth

A slowdown in India and China put a brake on Unilever’s quarterly sales growth, highlighting the challenges facing Chief Executive Alan Jope as he tries to boost the consumer goods giant’s business in emerging markets.
17 October 2019, 18:00 PM

India to miss fiscal deficit target by 30-50 bps

India is likely to miss its fiscal deficit target of 3.3 percent of gross domestic product for the current financial year by 30-50 basis points, two sources said, due to the sharp slowdown in the economy that has severely crimped tax collection goals.
17 October 2019, 18:00 PM

Tesla gets nod to start production in China

Tesla Inc was added to a government list of approved automotive manufacturers, China’s industry ministry said on Thursday, as it granted the electric-vehicle maker a certificate it needs to start production in the country.
17 October 2019, 18:00 PM

New Zealand Dairy brings BelleAme biscuit

New Zealand Dairy Products Bangladesh yesterday launched a new premium biscuit brand BelleAme offering customers “better taste and quality”.
17 October 2019, 18:00 PM

Netflix shares jump as subscribers grow ahead of Disney, Apple attack

Netflix Inc added slightly more paying subscribers than Wall Street expected in the third quarter, a relief to investors who had worried the company might fall short just as Disney and Apple prepare to ramp up the streaming video wars.
17 October 2019, 18:00 PM

Euro zone inflation drops more than foreseen, trade surplus widens

Euro zone inflation dropped to its slowest pace in nearly three years in September, more than previously estimated, the European Union statistics agency said on Wednesday.
16 October 2019, 18:00 PM

Oil slips further below $59 on weaker economic outlook

Oil slipped further below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in US crude inventories.
16 October 2019, 18:00 PM

Nine-month revenue up despite US pressure: Huawei

Chinese tech giant Huawei said on Wednesday that its revenue for the first nine months of the year grew by almost a quarter despite a US campaign to isolate the company globally.
16 October 2019, 18:00 PM

Europe Inc’s recession expected to deepen: forecast

Europe’s corporate recession is expected to deepen, the latest forecasts show, as companies struggle with uncertainties from Brexit, the protracted U.S.-China trade spat and Germany’s manufacturing recession.
16 October 2019, 18:00 PM

India won’t sacrifice economic strength amid US sanctions: minister

India wants to comply with global sanctions, including US sanctions on Venezuela and Russia, but also needs to maintain its own strength and strategic interests, Finance Minister Nirmala Sitharaman said in an interview on Tuesday.
16 October 2019, 18:00 PM

S Korea cuts interest rate again as Japan trade row rumbles

South Korea’s central bank on Wednesday cut its key interest rate to the lowest point in two years in an effort to prop up its slowing economy as it is hit by a trade spat with Japan.
16 October 2019, 18:00 PM