Global Business | The Daily Star
  • Saudi seeks to attract $427b

    Saudi Arabia aims to attract private sector investments worth 1.6 trillion riyals ($427 billion) over the next decade through an industrial development programme aimed at diversifying the economy, Energy Minister Khalid al-Falih said on Saturday.

  • China says it will step up fiscal spending to support economy

    China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said on Wednesday.

  • Cloud, services fuel IBM's profit forecast

    IBM Corp beat Wall Street quarterly earnings estimates and also forecast 2019 profit above expectations on Tuesday, in the latest indication that Chief Executive Officer Ginni Rometty's efforts to turn around the technology services company were gaining traction.

  • India approves $400m currency swap for Saarc nations

    India yesterday approved an amendment to a “Framework on Currency Swap Arrangement among Saarc member-countries” to incorporate a “Standby Swap” amounting to $400 million to guard against global economic volatility.

  • Russia says oil price war with US would be too costly

    Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share in the medium term, one of the main Russian architects of a production pact with Opec said.

  • China's coal output hits highest in over three years

    China's December coal output climbed 2.1 percent from the year before, government data showed, hitting the highest level in over three years as major miners ramped up production amid robust winter demand and after the country started up new mines.

  • European power firms aim to harness electric car batteries

    Ever wanted to run your electric car for free? If you're open to a bit of give and take, then stay plugged in and your wishes might come true. At least that's what some European power companies and Japanese carmakers believe.

  • Novoair gets safety rating from int’l agency

    Novoair received three stars from Airline Ratings for its safety standards, a first for a local private airline.

  • Big Korean firms to invest in Bangladesh: Kamal

    The Korea International Cooperation Agency’s (Koica) president has assured Finance Minister AHM Mustafa Kamal that large Korean companies including Samsung, Hyundai, Daewoo, LG will invest in Bangladesh.

  • IMF lowers growth forecast for Saudi Arabia, region

    The International Monetary Fund on Monday lowered its 2019 economic growth forecast for Saudi Arabia and the region over low oil prices and crude output along with rising geopolitical tensions.

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