Donald Trump’s victory in the race to become the next US president will have economic consequences for the rest of the world that are likely to be deep and quite immediate.

For local business communities, Donald Trump’s victory in the presidential race has been shorthand for the expectation that Western apparel orders and some foreign investments would shift to Bangladesh, with global fashion powerhouse China possibly facing higher import tariffs from the US.

Deposited money is safe in banks, Husnay Ara Shikha says

American voters who cared more about the economy than other issues - their choice for the next president appeared resoundingly clear: Republican Donald Trump.

Trump has won the 270 electoral votes needed to claim victory over challenger Kamala Harris, according to Fox News

U.S. stock futures hit record highs, the dollar surged and Treasury yields jumped, while bitcoin broke $75,000 for the first time - all moves flagged by investors as likely should Trump win over Democrat Kamala Harris.

India, the world’s biggest rice exporter, is likely to produce a record 119.93 million tonnes of the staple crop in 2024-25 “kharif” season on the back of a good monsoon, the country’s agriculture ministry said yesterday.

Indian agriculture ministry estimates producing 119.93 million tonnes of rice

A win for Republican Donald Trump is expected to boost the dollar, restoke inflation and send Treasury yields higher owing to his pledges to slash taxes and impose tariffs on imports

The contract includes a 38 percent wage hike, a $12,000 signing bonus and provisions to lift employer contributions to a 401K retirement plan and contain health care costs

Beijing has set a growth target of around five percent for 2024, but in the third quarter the country saw its slowest expansion in a year and a half as its post-pandemic recovery remained stubbornly uneven.

AO Smith Corporation is a Wisconsin-headquartered global water technology company

The cell also cuts freight rates by up to 5%

The Fed's two-day rate meeting begins on Wednesday, and is expected to result in a quarter percentage-point rate cut the following day.

Beijing has in recent months heeded calls to step up support for the economy after years of inaction, announcing a raft of measures including rate cuts and the easing of some home buying restrictions

Bangladesh Apparel Exchange will organise the two-day expo

BYD posted an 11.5 percent rise in third-quarter net profit as it maintained strong sales momentum.

Employment data for October was among the weakest of recent reports, with prior months revised lower and only 12,000 jobs added

The dollar rose against the euro and rebounded against most major currencies on Friday after traders digested data showing US job growth slowed sharply in October amid disruptions from hurricanes and strike action by aerospace factory workers.

Asia’s manufacturing activity stagnated in October as a rebound in China failed to give much of a boost to regional factories, private surveys showed, a discouraging sign for policymakers bracing for a potential escalation of US-China trade tensions.