Global Business | The Daily Star
  • Gold prices: India shifts to discount

    Physical gold buying waned in major Asian centres this week as bullion prices rebounded from recent lows, with dealers in India offering the metal at a discount for the first time in over a month as an uptick in local rates moderated demand.

  • US retail sales slow, but exhibit underlying strength

    US retail sales recorded their smallest gain in six months in August as consumers cut back on purchases of motor vehicles and clothing, but upward revisions to July data kept intact expectations of strong economic growth in the third quarter.

  • Let Accord operate till task ends

    Some 153 global investors representing $2.8 trillion in assets have called for the continuation of the Bangladesh Accord for Fire and Building Safety (Accord) until it completes its mandate and government agencies are able to assume its responsibilities.

  • New York sues US to stop fintech bank charters

    New York state's top banking regulator on Friday sued the federal government to void its decision to award national bank charters to online lenders and payment companies, saying it was unconstitutional and put vulnerable consumers at risk.

  • Bank of England holds rates steady

    The Bank of England kept interest rates on hold on Thursday and highlighted greater financial market concerns about Brexit, a month after raising borrowing costs for only the second time in more than a decade.

  • Turkey lira plunges as Erdogan slams central bank

    Turkish President Recep Tayyip Erdogan on Thursday launched a blistering attack on Turkey's central bank, causing a sharp fall in the value of the lira just ahead of a crucial rate decision.

  • ECB to scale back crisis measures despite tense outlook: analysts

    The European Central Bank will not shirk from scaling back its crisis-fighting stimulus Thursday, analysts expect, even as trade tensions, emerging market woes and Italy bucking budget rules shade the economic outlook.

  • Oil slips from four-month highs

    Oil prices fell on Thursday, slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand even as supply tightens.

  • India bans 328 combination drugs in setback for pharma companies

    The Indian government has banned 328 combination drugs in a blow to both domestic and foreign pharmaceutical firms, but the ban has been cheered by health activists worried about growing antibiotic resistance due to the misuse of medicines.

  • GM to recall more than one million vehicles in the US

    General Motors Co is recalling more than 1 million pickup trucks and sport utility vehicles in the United States due to issues with a temporary loss of power steering, the National Highway Traffic Safety Administration said.

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