Global Economy

Global Economy

US finalizes curbs on investing in Chinese tech

The new rules, which take effect on January 2 next year, will prohibit US-headquartered firms, citizens, and permanent residents from engaging in transactions involving cutting-edge technology like semiconductors, artificial intelligence (AI), and quantum computing

20h ago

HSBC reports $8.5 billion pre-tax profit in third quarter

The rise in pre-tax profit to $8.5 billion reflected a strong performance in its wealth management division as well as higher revenues in global banking and markets, HSBC said in an earnings release.

20h ago

India’s economic growth to stay strong: poll

India’s economy will grow at a solid pace this fiscal year and next, according to a Reuters poll of economists, but they cautioned that key drivers such as job creation and household spending will only increase mildly over the next 12 months.

1d ago

Boeing plans to launch effort to raise over $15 billion in capital as early as Monday, source says

The new capital is set to come from a mix of the sale of stock and convertible preferred shares, the source added, saying the total amount raised could rise based on demand.

1d ago

Oil prices tumble as Iran fears ease, yen weakens after Japan polls

Oil prices fell as much as five percent in early trade before paring some of their losses

1d ago

Ifad Autos exporting AC bus to Bhutan

Ifad Autos has become the first local automobile company to export airconditioned (AC) buses assembled in Bangladesh.

2d ago

AIIB head criticises advanced nations for trade barriers

Asian Infrastructure Investment Bank (AIIB) President Jin Liqun on Saturday criticized advanced economies for creating trade barriers including for renewable energy goods, saying there was “no longer free trade” in the global economy.

2d ago

Analysis / Biden's precise industrial policy may soon mutate

Two years into the US government’s attempt to lure manufacturing of semiconductors and renewable energy back home, the president’s top national security aide, Jake Sullivan, offered a defense of his boss’s major economic choices.

2d ago

Deutsche Bank opens representative office in Dhaka

The leading global bank joins over 70 other German companies already present in Bangladesh

1y ago

Japan wants to invest in sugar industry, biomass power

Japan Bank for International Cooperation’s Governor Nobumitsu Hayashi expresses the interest

1y ago

Oil price rises for third day

Oil rose for a third straight day on Wednesday as investor concern eased about US interest rate hikes and an industry report pointed to a drop in US crude inventories.

1y ago

French energy giant puts on hold $50b hydrogen project with Adani

TotalEnergies is one of the biggest foreign investors in billionaire Gautam Adani's business empire

1y ago

Global energy prices drop, non-energy inch up in January

According to World Bank’s Pink Sheet, a monthly report that monitors commodity price movements

1y ago

Asia's productivity needs a boost that digitalisation can provide

Asia’s strong economic rebound from the pandemic is losing steam as tightening financial conditions, reduced export demand, and China’s sharp and uncharacteristic slowdown dim the outlook.

1y ago

German industrial output falls more than expected

German industrial production fell more than expected in December, driven by a plunge in output from energy-intensive sectors, the federal statistics office said on Tuesday.

1y ago

Adani shares soar 15% after loan pledge

Shares in the flagship firm of troubled Indian conglomerate Adani rose almost 15 percent Tuesday, clawing back some of its recent huge losses after saying it would repay more than $1 billion in loans.

1y ago

Drug makers face Covid cliff

Pharmaceutical companies that made billions from the pandemic over the past two years selling vaccines and treatments are now up against a steep Covid cliff and investor pressure to spend their windfalls wisely.

1y ago

55 local firms take part in German show

Some 55 Bangladeshi companies participated in the world’s largest consumer trade show Ambiente in Germany’s Frankfort to showcase the locally produced goods to the international customers.

1y ago