US regulator warned banks on crypto but did not order halt to business

A judge ordered the Federal Deposit Insurance Corporation to provide versions of supervisory "pause letters", it sent to unidentified banks after History Associates Incorporated, a research firm hired by crypto exchange Coinbase, sued the agency to release them
4 January 2025

US manufacturing contraction improved in December

The Institute for Supply Management's (ISM) manufacturing index was 49.3 percent last month, up 0.9 percentage points from November, it said in a statement.
4 January 2025

Asia stocks begin year on cautious note

Equities mostly had a bumper 2024 on the back of enthusiasm about artificial intelligence (AI), cuts in borrowing costs by central banks and Donald Trump's presidential election win.
2 January 2025

Asia's factories end 2024 on weak footing as Trump 2.0 risks mount

A series of manufacturing purchasing managers' indexes for December from across the region published on Thursday showed factory activity slowing in China and South Korea although there were some signs of a pickup in Taiwan and Southeast Asia.
2 January 2025

Eating out, air travel to turn costlier

From dining out and travelling by air to purchasing sweets and clothing, the small comforts in life are going to turn costlier for a hike in value added tax (VAT) on 43 goods and services.
1 January 2025

Bangladesh gets record $27 billion in remittance in 2024

Remittance inflow also broke single-month record in December
1 January 2025

Ample supply, slow demand to temper oil price gains in 2025: Reuters poll

The survey of 31 economists and analysts predicted that Brent crude would average $74.33 per barrel in 2025, down from a forecast of $74.53 in November, marking an eighth straight downward revision.
1 January 2025

Global markets rode AI, interest rate roller coaster in 2024

Donald Trump's victory in the US presidential election gave Wall Street even more of a boost on hopes he will follow through on pledges of deregulation and tax cuts
1 January 2025

China manufacturing activity grows for third straight month

China's Purchasing Managers' Index (PMI) was 50.1 in December, marking a third consecutive month of expansion
31 December 2024

Ctg port posts record in container handling

A rise in foreign trade is helping the port recover from the global economic downturn
30 December 2024

Japan's factory activity shrinks at slower pace, PMI shows

New orders contracted for the 19th straight month on subdued demand in both domestic and key overseas markets
30 December 2024

Bangladesh should harness expertise of NRBs to thrive globally: foreign adviser

Bangladesh should enhance the quality of its workforce, embrace innovation, upskill the labour force and harness the expertise of the non-resident Bangladeshis (NBRs) to thrive globally, Foreign Adviser Md Touhid Hossain said today..With improved ICT infrastructure and strategic rebranding
29 December 2024

Transport workers’ strike hits importers hard

1.5 million tonnes of imported goods got stuck at 50 ports
28 December 2024

Political turmoil shakes South Korea's economy

The won, which plunged Friday to its lowest level against the dollar since 2009, has been in near-constant decline since President Yoon Suk Yeol's attempt to scrap civilian rule in early December.
28 December 2024

US to hit new debt limit as soon as Jan 14: Yellen

Lawmakers have suspended the debt ceiling -- a limit on government borrowing to pay for bills already incurred -- until January 1 next year.
28 December 2024

Falling prices become a headache for onion farmers

The growers dumped onion on Pabna-Sujanagar road demanding a fair price
26 December 2024

China revises up 2023 GDP, sees little impact on 2024 growth

Gross domestic product (GDP) in 2023 was raised by 3.4 trillion yuan to 129.4 trillion ($17.73 trillion), Kang Yi, the head of the National Bureau of Statistics, told a presss conference, while releasing the fifth national economic census
26 December 2024

Oil prices edge higher on hopes for more China stimulus

Brent crude futures rose 22 cents, or 0.3 percent, to $73.80 a barrel by 0450 GMT
26 December 2024

Dollar stays resilient, Asia shares get festive lift

As the year-end approaches, trading volumes have begun thinning out and the main focus for investors remains that of the Federal Reserve's rate outlook.
26 December 2024

No advance tax, VAT for green shipyards: NBR

Capital machinery import rises, as Hong Kong convention only allows green shipyards to import scrap ships
25 December 2024