Global Economy
Bangladesh unlikely to get back GSP soon: finance adviser
Salehuddin Ahmed says after meeting with the US Department of the Treasury on the sidelines of the 2024 Annual Meetings of IMF-WBG currently taking place in the USA
Unilever beats third-quarter underlying sales estimate
The consumer goods giant said on Thursday it was keeping its full-year outlook for 3-5 percent underlying sales growth and an underlying operating margin of at least 18 percent
US fines Apple and Goldman Sachs over Apple Card
Apple failed to send tens of thousands of customer disputes about credit card transactions to Goldman Sachs, and when it did the bank did not follow federal requirements for investigating claims, the bureau said
Boeing workers reject contract, extend strike: union
64 percent of the members of the International Association of Machinists and Aerospace Workers District 751 rejected the contract, the union said on X
US ‘very close’ to soft landing
The United States is very close to achieving a soft landing, the rare feat of tackling inflation without spurring a long recession, the IMF’s chief economist told AFP.
India lifts export tax on parboiled rice
The removal comes amid bumper harvest projections and surplus stock
US remains engine of global growth in latest IMF forecasts
IMF raised its 2024 and 2025 economic growth forecasts for the US - the only developed economy to see its outlook marked up for both years
IMF lowers China 2024 growth forecast, warns property woes 'could worsen'
China's leaders are targeting annual growth of five percent this year -- a goal challenged by weak consumption and a prolonged and debilitating debt crisis in the colossal property sector
Yellen’s China trip yields long meetings, ‘cordial’ tone, but no consensus
US Treasury Secretary Janet Yellen went to Beijing with no expectations that meetings with China’s new top economic officials would immediately ease tensions between the world’s two largest economies.
Yellen's China trip yields long meetings, 'cordial' tone, but no consensus
US Treasury Secretary Janet Yellen went to Beijing with no expectations that meetings with China's new top economic officials would immediately ease tensions between the world's two largest economies.
What people are saying about Ant Group's $984m fine and share buyback
China's Ant Group has announced a surprise share buyback that values the fintech giant at $78.5 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a move that may let some investors exit.
China's factory gate prices fall at fastest pace in 7 years
Momentum in China's post-pandemic recovery has slowed from a brisk pickup seen in the first quarter with demand for industrial and consumer products weakening
Countries repatriating gold in wake of sanctions against Russia: study
The financial market rout last year caused widespread losses for sovereign money managers
New Zealand signs ‘ambitious’ trade deal with EU
The European Union and New Zealand on Sunday signed a free trade agreement which Brussels says can lift exchanges between the two by 30 per cent with a decade.
German industrial output slips
German industrial production unexpectedly fell in May, official data showed Friday, raising fears of a prolonged downturn in Europe’s top economy.
Vietnam’s economy sees positive changes: govt
The Ministry of Planning and Investment has reported that Việt Nam’s socio-economic situation has been experiencing gradual and positive changes, with steady growth observed in several important indicators and indexes month by month.
UK to unveil new measures to support financial sector
Finance minister Jeremy Hunt is on Monday due to announce new measures to support Britain’s powerful financial sector, seeking to make the UK the “most innovative and competitive” financial centre in the world.
China’s GDP expected to grow 5.4% in 2023
China’s GDP is expected to grow 5.4 per cent in 2023, according to a report by the Bank of China Research Institute released last week.