Global Economy
S Alam took out Tk 7,000cr loan from Social Islami Bank
Chattogram-based business conglomerate S Alam Group took out around Tk 7,000 crore from Social Islami Bank, which is over 18 percent of the total outstanding loans of the cash-strapped commercial lender.
27 progress to world stage of Nasa Space Apps Challenge
The Bangladesh phase of 11th edition of the Nasa Space Apps Challenge 2024 concluded on Sunday with 27 winners.
China to flesh out economic stimulus plans after bumper rally
Top Chinese economic policymakers are expected to flesh out a raft of growth-boosting policies on Tuesday, after the announcement of long-awaited stimulus measures last month sparked a blistering stock market rally.
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
Citi breached a rule meant to keep banks safe, made liquidity reporting errors
The rule is meant to protect depositors whose money is insured up to $250,000 by the government.
Bank of Japan raises key interest rate for second time in 17 years
Its decision, announced after a two-day policy meeting, caused the yen to surge briefly before weakening to levels above 153 per dollar.
HSBC records $21.6 billion pre-tax profit in first half 2024
The Asia-focused lender and its peers were buoyed by rising interest rates earlier this year.
Eurozone economy grows more than expected
The eurozone economy grew faster than expected in the second quarter of 2024, official data showed Tuesday, confirming the single currency area’s rebound since January despite Germany’s weak performance.
Chinese firm Baida Industrial to invest $1.26 million in Uttara EPZ
The company will produce 8,000 tonnes of printed materials and packaging products every year
DBH Finance’s profit down 18% in first half
DBH Finance PLC, one of the leading listed non-bank financial institutions (NBFIs) in Bangladesh, witnessed a year-on-year drop in profits of about 18 percent in the first half of 2024.
Britain shakes up listing rules to attract investment
Britain’s biggest reform of company listing rules in over three decades takes effect on Monday on the London Stock Exchange, a measure intended to help it compete more effectively with New York and the European Union after Brexit.
A low-growth world is an unequal, unstable world
Long periods of slow economic growth can cause a jump in inequality. But a balanced set of policies can stave off that outcome
NBR misses revenue target for 12th year
The National Board of Revenue (NBR) has fallen short of its revenue collection target for the 12th consecutive year, with experts opining that the existing framework for tax collection is inadequate.