Global Economy
Anti-Money Laundering / US secret service to train Bangladeshi agencies
60 officials of BFIU, Bangladesh Police, NBR, ACC, BSEC and the Department of Narcotics Control will receive the training
Economy is making a turnaround: finance adviser
Business leaders appreciate the steps taken for the domestic industry
China factory output expands for first time in six months
In October, China's Purchasing Managers' Index (PMI) -- a key measure of industrial output -- was 50.1, the National Bureau of Statistics (NBS) announced, up from 49.8 in September.
Samsung Q3 operating profits soar to $6.6 bn, miss forecast
The world's largest memory chip maker posted an operating profit of 9.18 trillion won ($6.6 billion) "largely due to one-off costs".
Slow growth, high debt taking heavy toll on developing nations: UN
Poorer nations are increasingly struggling to navigate the sluggish global economy, the UN warned on Tuesday, calling for a fundamental rethinking of development strategies.
China files complaint over EU’s new taxes on its EVs
Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union’s decision to impose hefty tariffs on Chinese-made electric cars.
Robi Axiata’s profit rises 78% in Q3
The telecom operator made Tk 188.7 crore in Jul-Sep this year from Tk 106 crore in the same period last year
Taiwan export orders plunge
November export orders from Taiwan saw their sharpest contraction since the height of the financial crisis, in a portend for the health of the global economy.
German consumer morale picks up
German consumers are heading into 2023 feeling slightly less gloomy than in recent months, a key survey found Wednesday, as government interventions take some of the sting out of soaring energy costs.
Crypto could cause next financial crisis
India’s central bank governor warned Wednesday that cryptocurrency markets risked causing the next global financial crisis, saying the recent collapse of FTX was proof of the sector’s “inherent risks”.
Non-banks won’t be defaulters if they clear 50% instalments by Dec
The Bangladesh Bank today relaxed its term loan repayment policy for non-bank financial institutions (NBFIs), days after it extended more time to the borrowers of banks to pay back loans.
Australian economy on edge
The post-pandemic slump in Australian housing is set to deepen next year as hundreds of billions of dollars of mortgage debt fixed at record low rates in 2020 and 2021 mature, forcing borrowers to refinance at punishingly high interest rates.
Xiaomi to slash 10pc of jobs
China’s Xiaomi Corp has started laying off workers in its smartphone and internet services business, joining a long list of Chinese tech firms cutting jobs as the country battles Covid-19 outbreaks.
Visa accepting applications from startups
Visa yesterday announced that it had started to accept applications for a “Visa Accelerator Programme 2023” from startups in the Asia Pacific region, including Bangladesh, to help them unlock business growth potential and access Visa’s network of partners from the region.
World Bank cuts China growth forecasts
The World Bank on Tuesday slashed its China growth forecast for the year as the pandemic and weaknesses in the property sector hit the world’s second largest economy.
Malaysians saving less: survey
Malaysians are at their worst financial position in 2022 compared with the last five years, and the looming recession may push them to the brink with dwindling savings coupled with the aftermath of the Covid-19 pandemic.
Oil prices rise on China demand
Oil prices rose on Monday after tumbling by more than $2 a barrel in the previous session as optimism over the Chinese economy outweighed concern over a global recession.