Global Economy
Bangladesh may not regain US GSP soon
Bangladesh is unlikely to regain benefits offered under the generalised system of preferences (GSP) from the United States if the programme is revived in the near future because of several issues related to labour rights in the country, Finance Adviser Salehuddin Ahmed said yesterday.
China should use fiscal policy to boost growth: IMF
The Chinese government should use its tax-and-spend policies to help boost flagging economic growth, a senior IMF official told AFP ahead of key meetings this week in Washington.
New administrator forms 10-member panel to run BGMEA
They are: Md Shahidullah Azim, Enamul Haque Khan (Bablu), Miran Ali, M Mohiuddin Chowdhury, Asif Ashraf, Rezwan Selim, ANM Saifuddin, Md Shihabuduzza Chowdhury, Shams Mahmud and Sharif Zahir
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
Dollar edges lower as Fed pause eyed in busy cenbank week
The dollar slipped on Monday as traders stayed on guard ahead of policy decisions this week from several central banks, including the Federal Reserve, who are expected to keep interest rates on hold for the first time since January 2022.
Saudi announces investment deals at Arab-China summit
The event's first day saw signing of $10b investment agreements
'WB needs new playbook to boost private investment in emerging markets'
New World Bank President Ajay Banga says
Saudi Arabia seeks cooperation with China
Saudi Arabia wants to collaborate, not compete, with China, the kingdom’s energy minister declared on Sunday, saying he “ignored” Western suspicions over their growing ties.
S Korea declares ‘all-out war’ on chips to support chip industry
The competition in the chip industry is an “all-out war,” President Yoon Suk Yeol said Thursday, vowing to back local chipmakers with interagency support amid the intensifying tech competition between the US and China.
High inflation rattles UK home loan market
Britain’s retail lenders are withdrawing fixed home-loan products, as elevated inflation sparks fear of more Bank of England interest rate hikes and worsens the cost-of-living crisis.
Divided Fed expected to rally around a US interest rate pause
The US Federal Reserve is widely expected to pause its campaign of interest rate increases on Wednesday to give policymakers more time to assess the economic impact of existing hikes and recent banking stresses.
bKash CEO honoured as one of the 23 global high-impact finance leaders
The Finance Leaders Fellowship is a global community of values-based senior finance leaders driving industry change to power societal progress
US and five allies condemn trade-related economic coercion
The United States and five of its allies on Friday condemned the use of trade practices that amount to economic coercion in a joint declaration that did not single out other countries but appeared to be aimed at China.
India’s cenbank may not cut rate
India’s central bank may not cut the key lending rate before February unless inflation falls sharply or a global crisis unfolds, a top treasury official of Axis Bank said.