Global Economy
Analysis / China’s consumers regain some lost lustre
Amid slowing growth and a property downturn, domestic demand has remained anaemic for much of the year: retail sales rose only 2.1 percent in August, missing analyst forecasts of 2.5 percent
Sri Lanka's leftist government secures $200m World Bank loan
The loan announced on Monday, which follows an earlier $500 million World Bank loan after the 2022 economic crash
UK pay growth weakest since February 2021, REC survey show
The Recruitment and Employment Confederation and KPMG said on Monday their measure of growth in starting pay for people hired to permanent roles hit its lowest since February 2021
Oil prices dip after strongest weekly rise in over a year
Brent crude futures fell 31 cents, or 0.4 percent, to $77.74 per barrel by 0435 GMT. US West Texas Intermediate crude futures slipped 20 cents, or 0.27 percent, to $74.18 per barrel
Samsung's profit recovery seen weakening in Q3
Operating profit for Samsung likely stood at 10.33 trillion won ($7.67 billion) in the quarter ended Sept 30
German govt expects another recession in 2024: media
The economy ministry sees the German economy contracting by 0.2 percent this year, a dramatic downgrade from its prior estimate of 0.3-percent growth, according to the Sueddeutsche newspaper
EV tariffs are only the first step in EU-China trade war
The European Union has got its electric vehicle tariffs through. On Friday, member states voted for levies on battery cars imported from the Middle Kingdom.
Dollar jumps to seven-week high
The dollar jumped to a seven-week high on Friday and was on track to post its best week since September 2022 after a surprisingly strong jobs report for September led traders to cut bets that the Federal Reserve will make further 50-basis-point rate cuts.
Russia slaps ban on petrol exports again
The Russian government announced Wednesday that it was reintroducing a ban on petrol exports for another six months to “maintain a stable situation” on the domestic fuel market after major price hikes.
No respite for China as economy shows new signs of weakness
A recent string of dismal indicators have dulled expectations for China’s economic performance in July, in an ominous sign for the rest of 2024 and pointing to the need for more stimulus measures beyond plastering over pain points in the world’s second-largest economy.
Long-haul bus operators still in a tight corner
Although long-haul bus services in Bangladesh resumed five days ago, the number of passengers is still low as people are avoiding travel due to security concerns, according to industry insiders.
$600 million taken in loans from Export Development Fund defaulted
Dhaka-based firms defaulted most of the amount at $558.7 million and Chattogram-based ones $29.7 million
Stocks fall breaking a four-day gaining streak
The DSEX declined 1.39% before closing the day at 5,932.28 points
Bangladesh power use grows as searing heat eclipses economic disruption
Bangladesh's electricity demand grew 7 percent over three weeks of deadly nationwide protests that disrupted industrial and commercial activity, data showed, as households cranked up air-conditioners to cool down amid searing heat
Malaysia's palm oil stocks hit 4-month low in July as exports surge
The fall in stocks in Malaysia, the world's second-largest palm oil producer after Indonesia, would support benchmark futures <FCPOc3>, which are trading near their lowest level in seven months.
Billions in dollar and euro notes reach Russia despite sanctions
China's yuan has overtaken the greenback to become the most traded foreign currency in Moscow, although significant payment problems persist.
Freight train suspension deepens Ctg port’s container congestion
The suspension began on August 3
Hindenburg alleges India market regulator chief held stake in offshore funds used by Adani Group
Adani Group has previously denied these allegations, and an email query sent to Adani Group was not immediately answered.