Global Economy
AO Smith acquires Pureit for $120 million
AO Smith Corporation is a Wisconsin-headquartered global water technology company
Newly formed BWTCC starts allocating serials of lighter vessels
The cell also cuts freight rates by up to 5%
US Fed to debate rate cut in shadow of presidential election
The Fed's two-day rate meeting begins on Wednesday, and is expected to result in a quarter percentage-point rate cut the following day.
China to hash out stimulus plan with US elections in its sights
Beijing has in recent months heeded calls to step up support for the economy after years of inaction, announcing a raft of measures including rate cuts and the easing of some home buying restrictions
Denim Expo begins in Dhaka tomorrow
Bangladesh Apparel Exchange will organise the two-day expo
China's BYD boosts production and hiring amid Q3 growth
BYD posted an 11.5 percent rise in third-quarter net profit as it maintained strong sales momentum.
Recent data has kept Fed rate view, soft landing, intact
Employment data for October was among the weakest of recent reports, with prior months revised lower and only 12,000 jobs added
US election: What is at stake for Bangladesh’s exports
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.
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.
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.
Food prices rise globally
Average wheat, maize, and rice prices rose 20 per cent, 29 per cent and 8 per cent respectively worldwide in September compared to a year ago, according to the Food Security Update of the World Bank.
UN pushes for global fertiliser price reduction
The United Nations is pushing to cut the price of fertilisers to avoid a “future crisis” of availability, said a senior UN trade official who is involved in talks aimed at boosting the export of Russian fertilisers, including ammonia.
Turkish businesses urged to invest in Bangladesh
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 today.