Govt to buy two cargoes of LNG from spot market

The first consignment will cost Tk 640.15 crore and the second one Tk 649.59 crore
2 October 2024, 11:39 AM

AI's next feat will be its descent from the cloud

Google owner Alphabet, Microsoft and Meta Platforms, which owns Instagram and Facebook, are forecast to spend a combined $160 billion in capital expenditures next year,
2 October 2024, 11:19 AM

Apple accused by US labor board of imposing illegal workplace rules

The complaint accuses Apple of "interfering with, restraining, and coercing employees in the exercise of" their rights under federal labor law
2 October 2024, 07:55 AM

Stock markets slump, oil jumps on Middle East concerns

US and European stocks turned sharply lower after the strikes, which Iran launched in response to the killings of Tehran-backed militant leaders
2 October 2024, 05:18 AM

Tariffs risk raising costs for US consumers: IMF chief

"Tariffs are very blunt instruments," Georgieva, managing director of the International Monetary Fund, told CNBC in an interview.
2 October 2024, 05:10 AM

Oil extends rally after Iran attack, Hong Kong resumes surge

Both main crude contracts jumped more than five percent at one point Tuesday after Iran fired dozens of missiles at Israel in response to the killings of Tehran-backed militant leaders
2 October 2024, 05:07 AM

Sri Lanka to review sovereign bond restructure deal

Restructuring the debt is a cornerstone of the International Monetary Fund rescue plan Sri Lanka agreed to last year after an unprecedented economic crisis
1 October 2024, 07:49 AM

Business confidence flat among Japan's big manufacturers

The Bank of Japan's Tankan survey reports the difference between the percentage of firms who see current business conditions as favourable, and those that do not
1 October 2024, 05:20 AM

US Fed Chair sees 'further disinflation' in economy

The rate-cut lowers the cost of borrowing for consumers and businesses, bringing some relief to households weeks before November's presidential election -- even as the Fed works independently of the US administration
1 October 2024, 05:10 AM

Collaboration between private, public sectors a must now: finance adviser

A delegation of the Foreign Investors’ Chamber of Commerce and Industry meets Salehuddin Ahmed
30 September 2024, 14:14 PM

Debt servicing surges 47% in Jul-Aug

The amount hit $589 million in the first two months of FY25
30 September 2024, 13:41 PM

Painful policy choices loom after China's 'monumental' consumer stimulus plan

Beijing plans to issue sovereign bonds worth about 2 trillion yuan ($284 billion) this year, in part to subsidise consumer goods purchases and child support, effectively transferring funds to households
30 September 2024, 11:10 AM

New blow for UK's Starmer as growth data disappoints

Gross domestic product (GDP) was 0.5 percent in the April-June period, the Office for National Statistics said in a statement, while economists expected it to have remained at 0.6-percent expansion
30 September 2024, 07:03 AM

Oil prices rise on Middle East conflict fears as Israel steps up attacks

Brent crude futures for November delivery increased 51 cents, or 0.71 percent, to $72.49 a barrel as of 0330 GMT.
30 September 2024, 05:03 AM

China megacities ease homebuying rules to boost property market

The teetering property sector has long accounted for around a quarter of gross domestic product and experienced dazzling growth for two decades
30 September 2024, 04:56 AM

Nepal dam-building spree powers electric vehicle boom

Kathmandu is ground zero of an incipient transport revolution set to see the clapped out cars that clog its traffic-snarled streets make way for emissions-free alternatives.
29 September 2024, 10:45 AM

Kamala Harris’ economic plan bows to realities

If Harris manages to defeat Republican candidate Donald Trump, she will likely face a much more constraining fiscal and political environment than her predecessors
29 September 2024, 09:04 AM

Beijing directs fiscal firepower at itself

The special government debt would equal to just 1.4 percent of last year's GDP - not quite the "whatever it takes" big-bang approach many economists and investors had been hoping for.
29 September 2024, 06:03 AM

EU to vote on Oct 4 to finalize tariffs for China-made EVs, Bloomberg News reports

The European Commission is on the verge of proposing final tariffs of up to 35.3 percent on EVs built in China, on top of the EU's standard 10 percent car import duty
29 September 2024, 05:19 AM

Online sellers on Walmart's Flipkart sue India watchdog over antitrust probe

The filings come after antitrust investigations concluded in August found Amazon and Flipkart, some of their sellers and smartphone brands, violated local competition laws
29 September 2024, 05:05 AM