Global Economy
US election: What is at stake for Bangladesh’s export
As millions of Americans head to the polls on November 5 to vote for either Democratic Vice President Kamala Harris or her Republican rival Donald Trump, apparel business communities in Bangladesh, more than 13,119 kilometres away from Washington, will be watching the results of the presidential election closely.
Asia’s factory activity stagnates, taking shine off rebound in China
Asia’s manufacturing activity stagnated in October as a rebound in China failed to give much of a boost to regional factories, private surveys showed, a discouraging sign for policymakers bracing for a potential escalation of US-China trade tensions.
Dollar rebounds after weak jobs data; traders eye US election
The dollar rose against the euro and rebounded against most major currencies on Friday after traders digested data showing US job growth slowed sharply in October amid disruptions from hurricanes and strike action by aerospace factory workers.
Apple narrowly beats estimates with boost from iPhone sales
The tech giant saw quarterly revenue of $94.9 billion in the three months ending September 28
US hiring slowest since Biden took office, on strikes, hurricanes
The world's biggest economy added just 12,000 jobs last month, far below expectations and down from a revised 223,000 in September
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
Opec+ agrees deep cuts to oil production
Opec+ agreed its deepest cuts to oil production since the 2020 Covid pandemic at a Vienna meeting on Wednesday, curbing supply in an already tight market despite pressure from the United States and others to pump more.
German exports rebound
German exports rebounded in August thanks to strong demand from the United States, official data showed Wednesday, but analysts warned that the outlook for Europe’s top economy remained gloomy.
Euro zone likely to endure recession
The drop in euro zone business activity deepened last month, a survey showed, probably extinguishing any hope the currency union would avoid recession just as elevated inflation puts pressure on the European Central Bank to act.
WTO slashes 2023 global trade forecast
The World Trade Organisation on Wednesday dramatically lowered its global trade forecast for 2023, as Russia’s war in Ukraine and other shocks take their toll on the world economy.
Banks divert gold supply from India to China, Turkey
Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkey, and other markets where better premiums are offered, three bank officials and two vault operators told Reuters.
UK business activity slides in Sept
British businesses last month suffered the sharpest contraction in activity since early last year, although the downturn was a little less severe than first estimated, a survey showed on Wednesday.
Why did exports fall first time in 14 months?
Last month, Bangladesh’s export earnings fell to a 13-month low of $3.9 billion. Why?
Turkish businesses urged to invest in EZs
Turkish businesses can consider the 100 economic zones and 28 high-tech parks of Bangladesh as their preferred investment destinations, Dhaka Chamber of Commerce and Industry President Rizwan Rahman said yesterday.
Turkish energy, gold imports soar
Turkish energy imports leapt 115 per cent to $9.56 billion in September, the highest ever monthly level, Trade Ministry data showed on Tuesday.
Saudi non-oil sector keeps up steady growth
Saudi Arabia’s non-oil private sector growth remained solid in September helped by a relatively strong pickup in output and new orders, albeit at a slower pace than in August as confidence softened, a survey showed on Tuesday.