Global Business

Global Business

US Fed's December rate cut should be its last for now: official

The US central bank voted 11-to-1 in favor of cutting rates by a quarter of a percentage point at the meeting on December 17 and 18, reducing the bank's key lending rate to between 4.25 and 4.50 percent despite an uptick in inflation

5h ago

Taiwan chip giant TSMC says 2024 revenue rose 33.9%

Net revenue rose 33.9 percent to NT$2.9 trillion ($87.8 billion), the company said in a statement, ahead of the release of its complete earnings report next week.

5h ago

US hiring beats expectations in December to cap solid year

Hiring in the world's biggest economy stood at 256,000 last month, up from a revised 212,000 in November, the Labor Department said.

6h ago

Feud over container handling rates disrupts Ctg port operations

Disputes between berth operators and shipping agents slow handling at six jetties

2d ago

Humankind’s Comparative Advantage

A seeker at an early age, Yuval Noah Harari has written about human evolution as a philosopher and historian.

2d ago

Asian markets drop as trades fret over US inflation, rates outlook

Sentiment was also clouded by data showing that Chinese consumer inflation remained almost non-existent despite a raft of stimulus measures in the final three months of last year.

2d ago

China inflation hits nine-month low in December

For the whole of 2024 prices were up 0.2 percent, the same as the previous year.

2d ago

Fitch flags concerns over 'significant' US fiscal policy challenges

Congress has had frequent battles in recent years over the best way to tackle growing spending commitments, with lawmakers divided over whether to tax more, spend less, or do both at the same time.

3d ago

Indonesia bets on SE Asia's first battery plant to become EV hub

Hyundai said the new factory was a commitment to helping the archipelago become a supercharged Southeast Asian EV maker

2m ago

China's second-generation factory owners go digital to combat challenges

Qiu has set up a marketing business that directly connects factories with foreign audiences, through videos posted on Instagram and TikTok, which in China can only be accessed using a VPN.

2m ago

Debt rule tweak can help UK avoid moron premium

Reeves has already pledged to fund day-to-day spending with taxes but has been vague about her borrowing plans.

2m ago

Alibaba to pay $433.5 million to settle shareholder lawsuit over monopoly claims

Alibaba denied wrongdoing, saying it entered the settlement to avoid the cost and disruption of further litigation

2m ago

Moody's cuts France outlook, opening door to credit downgrade

Moody's said the fiscal deterioration it has seen is "beyond our expectations and stands in contrast with governments in similarly rated countries that are tending to consolidate their public finances."

2m ago

Russia hikes interest rates to 20-year high

The increase takes rates above an emergency level introduced in February 2022 -- just after Moscow ordered troops into Ukraine -- to their highest since 2003, with the regulator battling to stem the economic fallout of the conflict

2m ago

Bangladesh may not regain US GSP soon

Bangladesh is unlikely to regain benefits offered under the generalised system of preferences (GSP) from the United States if the programme is revived in the near future because of several issues related to labour rights in the country, Finance Adviser Salehuddin Ahmed said yesterday.

2m ago

New administrator forms 10-member panel to run BGMEA

They are: Md Shahidullah Azim, Enamul Haque Khan (Bablu), Miran Ali, M Mohiuddin Chowdhury, Asif Ashraf, Rezwan Selim, ANM Saifuddin, Md Shihabuduzza Chowdhury, Shams Mahmud and Sharif Zahir

2m ago

Unilever beats third-quarter underlying sales estimate

The consumer goods giant said on Thursday it was keeping its full-year outlook for 3-5 percent underlying sales growth and an underlying operating margin of at least 18 percent

2m ago

US fines Apple and Goldman Sachs over Apple Card

Apple failed to send tens of thousands of customer disputes about credit card transactions to Goldman Sachs, and when it did the bank did not follow federal requirements for investigating claims, the bureau said

2m ago