Global Economy

Global Economy

India to remain fastest-growing economy in Asia-Pacific: Moody’s

Credit rating agency Moody’s said India is expected to remain the fastest-growing economy in the Asia-Pacific region in the second half of the year 2024.

1d ago

Private ICDs overwhelmed with export containers

Until June 15, some 15,553 TEUs of export containers were lying at the 21 ICDs, much higher from 8,000 on any regular day

1d ago

Forex reserves to get $2b boost

Bangladesh’s foreign currency reserves are set to receive as high as $2 billion this month, which may send the total to nearly $21 billion, handing a much-needed relief to the US dollar supply.

2d ago

Why are Chinese electric cars in EU crosshairs?

The European Union said this week it would slap additional tariffs of up to 38 percent on Chinese electric cars from next month after an anti-subsidy probe.

3d ago

IMF releases Sri Lanka loan despite restructure delays

The International Monetary Fund released $336 million as part of a bailout loan instalment for Sri Lanka despite delays in the crucial restructuring of its foreign debt, including to China, the Washington-based lender said Wednesday.

3d ago

Germany warns of trade war over EU’s China EV tariffs

The EU’s threat to hit Chinese electric cars with additional tariffs following an anti-subsidy probe risks a “trade war”, Germany said Wednesday, as the country’s auto giants warned the move would backfire.

3d ago

Oil and gas industry hops on generative AI bandwagon

Away from the Microsoft and Googles of the world, a century-old industry -- oil and gas -- is hoping that generative artificial intelligence will make producing petroleum more efficient and easier on its workforce.

4d ago

EU to impose tariffs of up to 38% on Chinese EVs

The European Commission notified car makers on Wednesday that it would apply additional duties of up to 38.1 percent on imported Chinese electric vehicles from next month, a move likely to draw possible retaliation from China.

4d ago

Trade via Akhaura land port to remain suspended for 4 days from June 16

Export, import through Akhaura will resume on June 20

4d ago

Bangladesh economy to grow 5.7% in FY25: WB

The World Bank's prediction is much lower than govt projection of 6.75%

5d ago

Price cuts will lift US vibes only so much

Since 2019, the 25 percent of American workers with the lowest wages have been paid 5.4 percent more a year on average, compared with 3.8 percent raises for the country’s top 25 percent of earners

5d ago

China's discount wars risk cementing frugal consumer mindset

An aggressive market grab by low-cost Chinese retailers has delivered bumper earnings for some firms but has also intensified a bruising price war, exacerbating deflationary fears in the world's second-largest economy

5d ago

Travel restriction on bankers relaxed

However, MDs have to take prior approval of the banking watchdog

5d ago

ADB extends $250 million loan to strengthen social protection

The ‘Second Strengthening Social Resilience Program’ will help improve financial inclusion of disadvantaged people

6d ago

How US is daring the world to find a dollar alternative

The United States is merrily chipping away at the pillars that hold up the dollar as the world's reserve currency, with the latest blows coming from some powerful Americans questioning the rule of law following the conviction of Donald Trump

6d ago

European nations compete for Chinese EV factories, jobs even as EU weighs tariffs

European governments may be wary of budget Chinese electric vehicles flooding their markets but they're also fiercely competing for a share of the manufacturing investment and jobs the new competitors bring.

6d ago

New office hour for bankers after Eid

Office hour 10am to 6pm, transaction hour 10am to 4pm

1w ago

Nothing mentioned in budget to stop gold smuggling: Bajus

The baggage rule should be amended to stop gold smuggling, the association said in budget reaction

1w ago
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