Global Business

Global Business

11 conditions made mandatory for trade through Benapole port

Beanpole customs also listed 12 types of imported goods that should go through physical inspection

10h ago

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

17h 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.

17h 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.

17h 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

World Bank unlocks another $30 bn by tweaking balance sheet

Key among the reforms was the announcement that the IBRD's minimum equity-to-loans ratio will fall to 18 percent from 19 percent, which will generate $30 billion in additional financing

2m ago

Trump says 'obnoxious' tariffs will bring factories to US

"You make it so high, so horrible, so obnoxious" companies will "come right away," Trump said.

2m ago

Excelerate Energy to invest more in Bangladesh’s energy sector

A delegation of the US-based LNG company calls on chief adviser

2m ago

Southeast Asia emerges as global data centre hot spot as AI usage rises

With AI-supported innovations such as searches on ChatGPT now requiring at least four to five times more processing capacity compared with traditional internet searches, data centre demand is expected to grow at around 20 per cent a year for the next five to seven years, analysts at Maybank noted in an October report

2m ago

US Fed 'should proceed with more caution' on rate cuts: official

The US central bank kicked off its rate-cutting cycle last month with a large cut of half a percentage-point, noting the progress made in bringing inflation down toward its long-run target of two percent

2m ago

Oil prices drop on easing fears over Middle East, most markets rise

Both main oil contracts dropped around three percent in early exchanges, after the Washington Post reported that Netanyahu had pledged to target Iran's military rather than its crude and nuclear sector

2m ago

Garment export to US falls 9.16% in Jan-Aug

Data released from the Office of Textiles and Apparel (OTEXA) showed the fall

2m ago

With inflation down, ECB eyes faster tempo of rate cuts

While the rate is expected to tick up again towards the end of the year, the sense that consumer prices are back under control has grown

2m ago

TSMC third-quarter profit seen jumping 40% on strong AI chip demand

The world's largest contract chipmaker, whose customers include Apple and Nvidia,has benefited from the surge towards AI.

2m ago

Poorest countries face highest debt burden for 18 years: World Bank

"There is much that low-income economies can -— and must -— do for themselves," the World Bank's deputy chief economist, Ayhan Kose, said in a statement

2m ago