Foreign exchange traders just had their wings clipped by the People’s Bank of China. In the wake of a sharp rally for Asian currencies, they were expecting the country’s central bank to make way for further falls against the dollar when it announced the yuan’s trading band midpoint on Tuesday. The fact that it did not speaks volumes about Beijing’s strategic approach to the ongoing trade war — most of it good.
The global lender made around Tk 1,100 crore profit last year
She acknowledged the Chinese state footprint was unlikely to shrink much in the near term
Oil also staged a comeback after tanking on news of an output hike by key producers
The structural issue had become a significant point of contention for the artificial intelligence (AI) pioneer, with major investors pushing for the change to better secure their returns.
Cash-strapped Maldives has signed a deal with a Dubai-based company to establish an $8.8 billion investment zone aimed at diversifying the tourism hotspot into a “financial freezone”, the government said Monday.
He still lives in the same house in a quiet neighborhood of Omaha that he bought in 1958 for $31,500.
A White House official confirmed the report and indicated the move would be made official on Tuesday.
U.S. President Donald Trump's global trade war has rattled financial markets and raised fears of a recession, particularly as tit-for-tat tariffs between the world's two biggest economies threaten to upend supply chains and a whole range of industries.
Trump’s barrage of tariffs against global trading partners has reverberated around the United States over the past few months, affecting the livelihoods of myriad Americans, including many who said they voted for him.
Investors were also keeping tabs on China after President Xi Jinping and other top leaders last week discussed plans to boost consumption in the world's number two economy.
Beijing has acknowledged that global economic vicissitudes have strained its economy, long dependent on exports
Our country has made remarkable strides in digital payments recently – adopting debit cards, QR codes, credit cards, mobile wallets and e-commerce – embracing it all. There is immense potential for digital payments as we move towards a Digital Bangladesh.
Stockpiling is the reflex response by firms to the imposition of tariffs, but with the rapidly-changing position of the Trump administration, companies are finding that it isn’t so straightforward this time around.
Across the country, car models rolling off assembly lines like this have gone from concept to release in record time -- known in the industry as "China Speed", the envy of foreign competitors.
Many participants in the Spring Meetings had a sense that Trump's admin was still conflicted in its demands from trading partners
Toyota Chairman Akio Toyoda and his founder family have proposed acquiring Toyota Industries in a possible 6 trillion yen ($42 billion) deal.
