Global Business | The Daily Star
  • US inflation hits fastest pace in 4 years

    US consumer prices in January rose at their fastest pace in nearly four years, a fresh sign the economy may finally see faster inflation, the Labor Department reported Wednesday.

  • Fed's Yellen spars with lawmakers on regulation, economy

    The US central bank chief sparred with legislators Wednesday over its responsibility for the weak economic recovery, bank regulations and its participation in international bodies.

  • Hanjin saga reveals S Korea corporate governance flaws

    Hanjin Shipping will declare bankruptcy Friday, with the former titan of the global shipping industry and one of South Korea's powerful family-run "chaebol" finally sinking under billions of dollars of debt.

  • China outbound investment plunges

    China's direct overseas investment plummeted 35.7 percent year-on-year in January, official data showed Thursday, after officials rolled out rules to curb a record-setting spree of foreign acquisitions by Chinese firms.

  • India's Tata Motors, Microsoft ink technology collaboration deal

    Tata Motors Ltd and Microsoft India on Thursday announced a strategic collaboration on the technology front to make driving a more personalized experiences for the customers, the companies said in a joint statement.

  • Chinese firm files complaints with govt over McDonald's China sale

    A Chinese consultancy that has previously helped to win antitrust battles against Coca-Cola and Apple has taken aim at McDonald's Corp, arguing in a complaint to regulators that the American fast food giant's China sale may hurt workers and consumers.

  • Telenor to roll out Google's new messaging service in Asia, Europe

    Alphabet Inc's Google said on Thursday it partnered with Telenor ASA to roll out Rich Communications Services (RCS), an upgraded messaging service, to the Norwegian telecoms company's subscribers in Asia and Europe. The messaging service includes features such as group chats, photo sharing and read receipts among other things, Google said in its official blog.

  • Big US banks to push for easing of money laundering rules

    America's largest banks are to propose a complete overhaul of how financial institutions investigate and report potential criminal activity, arguing that rules imposed in the years after the Sept. 11, 2001 attacks and strengthened during the Obama administration are onerous and ineffective, sources said.

  • Big banks avoid hiring spree despite trading boom

    Market trading is booming at US and European banks thanks to Donald Trump and Brexit, and yet the glory days of dealing rooms the size of football pitches remain as distant as ever.

  • Five reasons the Greek debt crisis is back

    AFTER Brexit stole the limelight last year, the spectre of Grexit is back.

  • Fed's Yellen says rate hike coming; fiscal policy adds uncertainty

    US Federal Reserve Chair Janet Yellen made it clear on Tuesday that interest rate hikes are coming, and could happen at any time.

  • HSBC: Powering Bangladesh

    The government of Bangladesh has set a target to bring the whole country under electricity coverage by 2021.

  • UK wage growth slows in late 2016

    British workers saw their pay grow more slowly than expected at the end of last year, official data showed on Wednesday, ahead of a likely squeeze on their living standards from higher inflation in 2017.

  • EU parliament approves contested Canada trade deal

    The European Parliament backed a contested EU-Canada free trade deal on Wednesday, facing down protests by activists and Donald Trump-inspired calls for protectionism.

  • Isabelle Dupont -Paris "Makeup Expo" Feb 17-18

    Isabelle Dupont-Paris "Makeup Expo” presented by Alix Avien-Paris is scheduled to take place at Six Seasons Hotel in Gulshan 2 on February 17-18, 2017.

  • China forex reserves fall below $3tn threshold

    China's foreign exchange reserves have fallen below $3 trillion for the first time in six years, the central bank announced Tuesday, crossing a symbolic threshold as authorities seek to stem capital flight out of the country.

  • IMF board says Greece needs further debt relief

    The International Monetary Fund's board agreed late Monday that Greece likely will need further debt relief, but there remains a split over the appropriate goal for the country's finances.

  • German industrial output falls

    Industrial production in Germany slid in December, official data showed Tuesday, clouding an otherwise bright picture painted by economic indicators in Europe's largest economy.

  • Rupee to weaken to record low over the coming year - Reuters poll

    India's rupee will reverse recent gains and sink to a record low in the coming year on expectations for a rise in the dollar even though US President Donald Trump has made clear his dislike of a strong currency, a Reuters poll found.

  • BP returns to profit in 2016 on slashed costs

    BP returned to profit in 2016 as cost-cutting and lower charges linked to the Gulf of Mexico oil spill offset weaker crude prices, the British energy giant announced Tuesday.

  • Strong iPhone 7 sales a bridge to Apple's next upgrade

    "Things don't have to change the world to be important," Apple Inc co-founder Steve Jobs said in an interview in 1996.

  • Nokia beats market expectations

    Finnish network equipment maker Nokia reported its quarterly profits fell less than expected, helped by cost cuts and the acquisition of Alcatel-Lucent, and said the tough global market was starting to stabilize.

  • World food prices hit near two-year high in January

    World food prices rose to a near two-year high in January and look set to be higher and more volatile in 2017, the United Nations food agency said on Thursday.

  • Law to seized assets of financial crooks on cards

    India is considering new measures to seize the assets of "big time offenders" who flee abroad, the finance minister said Wednesday, after tycoon Vijay Mallya left for Britain last year owing over $1 billion.

  • Oil giant to take on global rivals

    India plans to form a giant national oil company by combining other state-owned firms, finance minister Arun Jaitley said on Wednesday, as New Delhi wants to expand its foreign presence to meet growing domestic fuel demand.

  • Jaitley sticks to bank spending plan, no bumper recapitalisation yet

    India stuck to a previously planned injection of $1.5 billion for state-owned banks in the coming financial year, disappointing hopes for a broader recapitalisation and fuelling concern that some may trim lending to keep afloat.

  • India boosts spending on rural poor as cash ban bites

    India's finance minister pledged to raise spending on the rural poor and halved the basic rate of income tax in his annual budget Wednesday, seeking to ease the pain of a shock move to ban high-value banknotes.

  • Bosch to pay out $327.5m over scandal

    German car parts maker Bosch said Wednesday it will pay out some $327.5 million (303 million euros) in compensation to US buyers and dealers of Volkswagen-made diesel cars affected by the 'dieselgate' scandal.

  • S Africa and EU spar over chicken meat dumping

    South Africa's poultry industry says it is on the brink of collapse due to hotly-denied accusations that the European Union is dumping cheap chicken in the country in a dispute over free trade.

  • Apple defies Wall Street with strong revival in iPhone sales

    Apple Inc reclaimed the throne as the world's top smartphone seller for the first time in five years on Tuesday, beating out rival Samsung in units shipped for the holiday quarter and boosting revenues with a strong showing for its new, top-of-the-line iPhone 7 Plus.