Global Economy
Russia, Ukraine swap 190 POWs
Russia said yesterday that it had swapped 95 Ukrainian soldiers held captive for an equal number of Russian troops in an exchange deal brokered by the United Arab Emirates.
Gold sprints to record high in global market
Gold hit an all-time high on Thursday, steered by uncertainty surrounding the US election and expectations of more interest rate cuts by major central banks, while spotlight shifted to a slew of US data.
Japan’s exports fall for first time in 10 months
Japan’s exports fell for the first time in 10 months in September, data showed on Thursday, a worry for policymakers as any prolonged weakness in global demand may complicate the central bank’s path to exit years of ultra-easy monetary policy.
Almost 40% of World Bank's recent climate funds unaccounted for: Oxfam
An Oxfam audit found that as much as $41 billion in climate finance could not be found "between the time projects were approved and when they closed."
ECB set to cut rates again as inflation cools
After cutting rates twice already this year, including at their last meeting in September, policymakers initially signalled a preference to wait until December to cut again
China to almost double support for unfinished housing projects
Housing minister Ni Hong said Beijing will "increase the credit scale of white-list projects to four trillion" yuan ($562 billion) by the end of the year
Chinese firm Jidalai to invest $5.85 million in Adamjee EPZ
The company will annually produce 70 million pieces of pullers of zippers
Why women risk losing out in shift to green jobs
Closing the gender gap in science, technology, engineering, and math would accelerate the green transition while making it more inclusive
Bangladesh a potential trade hub for ASEAN, S Asia, SE Asian countries
FBCCI vice president says in meeting with Vietnam’s national assembly chairman
Toshiba completes $13.5b offer to go private
Japanese industrial giant Toshiba marked the end of an era as a listed company on Thursday as it announced that a private consortium had bought almost 80 percent of its shares.
Oil price falls
Oil prices fell on Thursday, after posting the largest decline in a month in the previous session, as US interest rate hike expectations offset the impact of drawdowns in US crude stockpiles.
Fed holds interest rates at 22-year high
The US Federal Reserve voted Wednesday to keep interest rates at a 22-year high, while forecasting an additional rate hike before the end of the year to bring down inflation.
China’s economic woes embolden calls for deeper reforms
China’s economic slowdown is polarising government advisers over the best way forward, with advocates of structural reforms now emerging from the shadows in a challenge to others calling for more state spending to shore up faltering growth.
India counting on potash supplies despite diplomatic row with Canada -officials
India will face little difficulty in securing potash from foreign suppliers despite a diplomatic row with Canada, one of the suppliers of the key crop nutrient, industry and government officials said on Wednesday.
Oil falls as US rate hike expectations offset tight supply outlook
Oil prices fell in early Asian trade on Thursday, after posting the largest fall in a month in the previous session, as US interest rate hike expectations offset the impact of drawdowns in US crude stockpiles.
UK inflation drops to 18-month low
British inflation unexpectedly slowed in August, data showed Wednesday, hitting an 18-month low and sparking hope this week’s widely-forecast interest rate hike by the Bank of England could be its last for now.
Germany weighs curbs on Huawei
Germany’s interior ministry is planning to force telecoms operators to slash their use of equipment from China’s Huawei and ZTE, a government official said, prompting an angry response from operators who warned of likely disruption and legal action.
China urges deeper trade ties with Russia
China on Tuesday urged increased cross-border connectivity with Russia and deeper mutual trade and investment cooperation, as both allies vowed ever closer economic ties despite disapproval from the West after Russian forces invaded Ukraine last year.