Global Business

Global Business

India allows transit for heavier Nepali cargo to Bangladesh

Under Indian road transport regulations, the limits are set at 18.5 tonnes for two-axle vehicles and 28 tonnes for three-axle vehicles

1h ago

WTO favours EU over Indonesia on palm oil restrictions

Indonesia, the world's leading producer of palm oil, in 2019 requested an expert panel review of the EU restrictions.

1d ago

US consumer inflation expectations soar in January on tariff fears

Long-run inflation expectations soared to 3.3 percent, the highest level since June 2008, from 3.0 percent in December.

1d ago

11 conditions made mandatory for trade through Benapole port

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

1d 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

2d 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.

2d 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.

2d ago

Feud over container handling rates disrupts Ctg port operations

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

3d ago

Gold pushed to new records as India demand reignites

India, the world's second largest consumer of gold jewellery, cut the import tax on gold in July to six percent from 15 percent, sparking a significant increase in appetite for gold jewellery, bars and coins

3m ago

US Fed's preferred inflation measure edges down in August

The personal consumption expenditures (PCE) price index was up 2.2 percent from a year ago in August, down from 2.5 percent in July, the Commerce Department said

3m ago

UK consumer sentiment sinks on fiscal worries, trade body says

British consumers have grown more gloomy over the past month following the new Labour government's removal of a welfare benefit for pensioners and warning of tax rises at next month's budget, a new survey from a trade body showed on Thursday

3m ago

H&M abandons 2024 margin target as markdowns and costs hurt profit

H&M scrapped its earnings margin target for 2024 as higher discounting, costs and fierce competition hurt operating profit in the third quarter, sending shares in the world's No.2 listed fashion retailer down as much as 8 percent

3m ago

China admits economy facing new 'problems', vows to fix property sector

China's top leaders, including President Xi Jinping, admitted Thursday that the economy was facing new "problems" and vowed to resolve a long-running housing sector crisis, state media said

3m ago

German consumer morale improves despite economic gloom

German shoppers are heading into October feeling slightly more optimistic, a key survey showed Thursday, even as the outlook for Europe's biggest economy remains gloomy

3m ago

China considers $142 bn injection for state banks: report

Chinese leaders are considering pumping more than $140 billion into the country's large state-run banks in the first such move to support the flagging economy

3m ago

IMF board approves $7 billion Pakistan loan agreement

IMF on Wednesday agreed to loan Pakistan $7 billion to bolster its faltering economy, approving a relief package that Islamabad has pledged would be the last from the Washington-based lender

3m ago

What will US interest rate cuts mean for Asia and the Pacific?

The recent interest rate cuts by the United States Federal Reserve present opportunities and challenges for central banks in Asia and the Pacific

3m ago

Gold price hiked by Tk 3,045 a bhori again

From tomorrow, a bhori of 22-carat gold will cost Tk 138,708

3m ago