Global Economy
Russia sets price floor for wheat at int’l tenders
Russia’s agriculture ministry asked exporters at a closed-door meeting on Friday not to sell wheat by tender to international buyers below a minimum price, two sources with direct knowledge of the matter told Reuters.
India’s 100 richest tycoons surpass $1tn milestone
The collective wealth of India’s 100 richest tycoons surpassed the trillion dollar milestone for the first time as more than 80 per cent of the country’s richest tycoons are now wealthier than they were a year ago, a Forbes report showed on Thursday.
China tees up fresh spending to boost ailing economy
China said Saturday it would issue special bonds to help its sputtering economy, signalling a spending spree to bolster banks, shore up the property market and ease local government debt as part of one of its biggest support packages in years.
IMF approves changes to cut borrowing costs by 36%
The IMF approved reforms on Friday that will lower members’ borrowing costs by 36 percent and lift eight indebted countries out of the requirement to pay more to borrow money.
Russian inflation slows in Sept but still elevated
Inflation ticked lower in Russia in September but was still more than double the central bank’s target, as huge spending on the Ukraine conflict kept upward pressure on prices, official data showed Friday.
EU chief says China must ‘adapt its behaviour’ to solve trade row
China must “adapt its behaviour” to solve an escalating tariff row with Europe, EU chief Charles Michel told AFP Friday, warning of the dangers of the dispute escalating into a full-blown trade war.
US consumer inflation eases to 2.4% in September
US consumer inflation cooled last month -- though slightly less than expected -- according to government data published Thursday, providing further evidence that price pressures are easing ahead of November’s presidential election.
Boeing to cut 10% of workforce as it sees big Q3 loss
Boeing announced that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss amid a machinist strike in the Seattle region.
State telecom firms should become profitable by June: Palak
Otherwise, officials of the entities will no longer be there, the state minister says
Govt hikes interest rates for dollar bonds
The interest rates were raised by 2 percentage points
Foreign-funded projects planning minister’s top priority
Abdus Salam says after joining office as planning minister
When can we stop worrying about rising prices?
There are two key measures to understand how prices change over time: overall, or “headline,” inflation and “core” inflation.
India has no plans to import wheat for now, trade minister says
India sees no need for wheat imports as farmers are on course for a harvest bumper
Explosive import through Payra port gets nod
The government amends the Explosive Regulations 2004
Textile, RMG machinery expo begins in Dhaka Feb 1
Over 1,000 machinery makers of 32 countries are expected to join the 18th Dhaka International Textile and Garments Machinery Exhibition
India's retail inflation rises to four-month high in December on higher food prices
Increasing food price has raised India's annual inflation, raising central bank expectations of no rate cuts
Container rates soar on concerns of prolonged Red Sea disruption, inflation
Container prices are soaring on the back of US and UK air strikes on Yemen
WEF identifies 6 challenges Bangladesh would face in two years
They are: energy shortage, inflation, economic downturn, inequality, public debt and unemployment