Global Economy
Outstanding bills: Adani halves power supply to Bangladesh
India’s Adani Power Jharkhand Limited has halved its power supply to Bangladesh, saying it has yet to receive outstanding bills.
US economic growth solid despite slight slowdown
The US economy saw resilient growth in the third quarter despite a modest slowdown according to government data Wednesday, less than a week before inflation-weary voters head into the presidential election.
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.
Dollar bounces as US economy sends mixed signals
The dollar rose on Thursday as investors digested mixed US economic data, while the British pound changed direction and slipped ahead of the government’s budget update.
Germany looks to Asia-Pacific to strengthen economy
Germany is keen on strengthening its economic ties with the Asia Pacific region, said German Chancellor Olaf Scholz in his opening address during the 17th edition of Asia-Pacific Conference of German Business (APK) held in Singapore on Monday.
‘Bangladesh, a potential destination for Singaporean investment’
Businesses from Singapore can invest in Bangladesh’s different sectors, including information technology, pharmaceuticals and hospitality, as the south Asian country offers a wide range of facilities to the foreign investors, trade experts said today.
China’s economy loses pace amid Covid curbs
China’s economy suffered a broad slowdown in October as factory output grew more slowly than expected and retail sales fell for the first time in five months, underscoring faltering demand at home and abroad.
India’s retail inflation eases
India’s annual retail inflation eased to a three-month low of 6.77 per cent in October, helped by a slower rise in food prices and a higher base effect, strengthening bets of smaller rate hikes by the country’s central bank at its meeting next month.
NBR wants tax from Nora Fatehi’s visit expenses
The tax authority has requested the home, cultural affairs and other agencies to ensure payment of source tax from payment of honorarium and other expenses for Bollywood artist Nora Fatehi.
Global economic outlook even gloomier than projected: IMF
The global economic outlook is even gloomier than projected last month, the International Monetary Fund said on Sunday, citing a steady worsening in purchasing manager surveys in recent months.
India can buy as much Russian oil as it wants
The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap, US Treasury Secretary Janet Yellen said on Friday.
Many German manufacturers eye shift from China
German Chancellor Olaf Scholz discussed energy and trade ties with Vietnam’s Prime Minister Pham Minh Chinh during a visit to Hanoi on Sunday, the first for a German leader in more than a decade.
Yellen warns of need to lift debt ceiling
With odds of a split US Congress rising, Treasury Secretary Janet Yellen warned that lawmakers’ failure to raise the statutory limit on US debt posed a “huge threat” to America’s credit rating and functioning of US financial markets.