Global Economy
Trump victory signals golden era for crypto industry
Donald Trump’s triumphant return to the White House signals a potential golden era for cryptocurrencies, whose influential backers heavily supported his presidential bid.
US consumer inflation rises in October on higher housing costs
US consumer inflation edged higher last month spurred by an increase in housing costs, according to government data published Wednesday, complicating the US Federal Reserve’s plans to cut interest rates.
Malaysia's Daim Zainuddin, reformist ex-finance minister, dies at 86
The 86-year-old, who was credited with investor-friendly policies and privatisation of state-owned firms under former Prime Minister Mahathir Mohamad, died at a hospital on the outskirts of Kuala Lumpur, the family said in a statement.
Trump victory signals golden era for crypto industry
Trump's impending presidency has spurred an enthusiastic market response, with bitcoin surging more than 25 percent in a week and breaking through the $90,000 mark for the first time
Russia's growth dips as inflation weighs on economy
Growth in the third quarter was 3.1 percent year-on-year, the Rosstat federal statistics agency said, down from a rate of 4.1 percent in the second quarter
India's middle class tightens its belt, squeezed by food inflation
Slowing urban spending over the past three to four months has raised questions about the structural nature of India's long-term economic success
Samsung Electronics shares hit 4-year lows on Trump risks, AI chips
The South Korean tech giant is the worst performing stock among global chipmakers like TSMC and Nvidia this year
Boeing expects post-strike output recovery to take several weeks
In the first 10 months of the year, Boeing said it delivered 305 airplanes, down from 405 in the same period last year
Deal with Japan can boost trade
The signing of an economic partnership agreement (EPA) between Bangladesh and Japan will increase bilateral trade and open a new door of opportunities for the South Asian country, Commerce Adviser Sk Bashir Uddin said yesterday.
Reserves drop below $20b after ACU payment
After remaining above the $20 billion mark for just three days, Bangladesh's foreign currency reserves dropped to $18.46 billion after the country paid its regional import bills on October 9.
Chic Wings (BD) Lingerie to invest $18 million in Bepza Economic Zone
The Sino-Singapore firm will set up a garment manufacturing factory
Boeing reaches settlement to avert civil trial in MAX crash
It originally involved six plaintiffs but until now all but one had settled, according to a source familiar with the case.
BB allows imports of 11 Ramadan commodities on credit
The benefit will remain valid until March 31 next year
Inflation pushes people to compromise on priorities: commerce adviser
Sk Bashir Uddin says he will work hard together with everyone to control commodity prices
Rupee slips to record low
However, the Indian currency avoids sharp losses on central bank's intervention
Asian stocks slide as China stimulus disappoints; bitcoin extends record rally
Bitcoin climbed to an all-time high as Donald Trump's victory in the US presidential election along with pro-crypto candidates being voted to Congress spurred expectations of a light-handed regulatory environment.
China's 'Singles Day' shopping spree in spotlight as spending flags
"Singles Day" -- launched by tech giant Alibaba in 2009 -- has ballooned into an annual blockbuster period for retail, with days of discounts luring customers to the country's online shopping platforms.
Trump victory poses challenges for the Fed's independence
The Fed has a dual mandate from Congress to act independently to tackle both inflation and unemployment -- primarily by raising and lowering interest rates.