6h ago| Global Economy

China nighttime offers profitable opportunities

More policies push to meet appetites for evening consumption in China.

6h ago| Global Economy

Oil jumps on cuts to Opec+ output targets

Oil prices held near three-week highs on Thursday after Opec+ agreed to tighten global crude supply with a deal to cut production targets by 2 million barrel per day (bpd), the largest reduction since 2020.

6h ago| Global Economy

Biden to tout IBM’s $20b investment

President Biden on Thursday will tout IBM Corp’s plans to invest $20 billion in New York over the next decade in development and manufacturing of semiconductors, mainframe technology, artificial intelligence and quantum computing.

1d ago| Indian

Banks divert gold supply from India to China, Turkey

Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkey, and other markets where better premiums are offered, three bank officials and two vault operators told Reuters.

1d ago| Business

Why did exports fall first time in 14 months?

Last month, Bangladesh’s export earnings fell to a 13-month low of $3.9 billion. Why?

2d ago| Global Economy

UN pushes for global fertiliser price reduction

The United Nations is pushing to cut the price of fertilisers to avoid a “future crisis” of availability, said a senior UN trade official who is involved in talks aimed at boosting the export of Russian fertilisers, including ammonia.

October 7, 2022
October 7, 2022

PwC posts 13.4pc rise in revenue

Global professional services firm PwC achieved gross global revenues of $50.3 billion, up 13.4 per cent in local currency and 11.4 per cent in US dollars year-on-year in the 12 months ending on June 30 this year.

October 7, 2022
October 7, 2022

Biden to tout IBM’s $20b investment

President Biden on Thursday will tout IBM Corp’s plans to invest $20 billion in New York over the next decade in development and manufacturing of semiconductors, mainframe technology, artificial intelligence and quantum computing.

October 7, 2022
October 7, 2022

Oil jumps on cuts to Opec+ output targets

Oil prices held near three-week highs on Thursday after Opec+ agreed to tighten global crude supply with a deal to cut production targets by 2 million barrel per day (bpd), the largest reduction since 2020.

October 7, 2022
October 7, 2022

China nighttime offers profitable opportunities

More policies push to meet appetites for evening consumption in China.

October 6, 2022
October 6, 2022

Beximco raises 32.5m euros from Dutch bank

Beximco Ltd has raised 32.5 million euros from Dutch financial institution ING Bank in order to expand its knit fabric facility, said a press release today.

October 6, 2022
October 6, 2022

Europe's largest economy Germany expects to slide into recession next year

The German government expects Europe's largest economy to slide into recession next year, contracting 0.4% as an energy crisis, rising prices and supply bottlenecks take their toll, two sources told Reuters on Thursday, citing provisional figures.

October 6, 2022
October 6, 2022

BGMEA targets making 50% products with recyclable materials by 2030

The garment makers today said they would manufacture half of the apparel products by using recyclable materials by 2030.

October 6, 2022
October 6, 2022

Banks divert gold supply from India to China, Turkey

Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkey, and other markets where better premiums are offered, three bank officials and two vault operators told Reuters.

October 6, 2022
October 6, 2022

UK business activity slides in Sept

British businesses last month suffered the sharpest contraction in activity since early last year, although the downturn was a little less severe than first estimated, a survey showed on Wednesday.

October 6, 2022
October 6, 2022

Opec+ agrees deep cuts to oil production

Opec+ agreed its deepest cuts to oil production since the 2020 Covid pandemic at a Vienna meeting on Wednesday, curbing supply in an already tight market despite pressure from the United States and others to pump more.