Global Business

Global Business

IMF policy committee underscores trade risks to global economy, commits to Fund's role

In a chair's statement, the IMF's steering committee also reaffirmed prior foreign exchange commitments and voiced support for a realignment of quotas, or shareholding, that better reflects countries' positions in the global economy.

8h ago

Fed survey finds global trade fight, policy uncertainty top financial stability risks

Respondents cited "changes in government spending priorities and the extent of US international engagement" as driving uncertainty.

10h ago

Conflicting US-China talks statements add to global trade confusion

"China and the US are NOT having any consultation or negotiation on #tariffs," China shot back in a foreign ministry statement posted by the Chinese Embassy in the US.

11h ago

Xi says China must 'overcome' AI chip challenges

China aims to dominate the artificial intelligence sector, a goal complicated by the trade standoff with Washington that could further deprive Chinese industry of certain key technologies.

11h ago

Ctg port will earn more if foreign operator is appointed: CPA chairman

Local operator Saif Powertec Ltd is currently operating the port's New Mooring Container Terminal

2d ago

Chinese business in Vietnam struggles with Trump tariffs uncertainty

But in Vietnam's northern industrial Bac Ninh province, Chinese businesses that AFP interviewed -- most of whom are linked to the export supply chain -- said investors were hesitating and anxiety was widespread.

2d ago

Tesla's EU sales plunge as Musk takes flak

Sales of the sleek machines fell 45 percent to just over 36,000 units in the first quarter of 2025 in EU

2d ago

Vietnam and US start trade talks: Hanoi

The United States was Vietnam's biggest export market in the first three months of the year.

2d ago

US Treasury to take 'extraordinary measures' to avoid debt default

With the government reaching its borrowing limit, the department would start making the moves on Tuesday, the day after the inauguration, Yellen said in a letter to congressional leaders.

3m ago

Global unemployment set to hold near historical low of 5 percent: ILO

Global unemployment remained steady last year at an historical low of 5 percent, where it is set to stay in 2025, the International Labour Organization said in a report on Thursday.

3m ago

Rules relaxed to import 3 lakh tonnes of rice

50,000 tonnes of white rice will also be purchased from Pakistan

3m ago

Inflation biggest concern for Bangladesh in 2025: WEF

The World Economic Forum (WEF) releases Global Risks Report 2025

3m ago

DCCI wants lower interest rates for private-sector credit growth

The leading chamber also demanded a loan classification deadline extension by 3 to 6 months

3m ago

Food processors protest tax hike

They also urge govt not to raise gas prices

3m ago

Taiwan's TSMC says net profit rose 57% in fourth quarter

Net profit for the three months to December jumped 57 percent on-year to NT$374.7 billion (US$11.4 billion).

3m ago

US consumer inflation rises in December but underlying pressures ease

The consumer price index (CPI) accelerated to 2.9 percent last month from a year ago, up from 2.7 percent in November, the Labor Department said in a statement on Wednesday.

3m ago

'Everything on the table' to respond to Trump tariffs: Trudeau

"If the US administration chooses to still implement tariffs, we will respond purposefully, forcefully, resolutely," he said.

3m ago

Trump’s policies won’t push up inflation

Donald Trump’s policies are not likely to cause inflation to reignite as many analysts fear, one of the president-elect’s longtime economic advisers told AFP Tuesday, less than a week before Trump returns to the White House.

3m ago