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.
Inflation in Japan's capital keeps slowing, takes pressure off BOJ
Tokyo is seeing success against inflation as it continues to decline
Maersk says to avoid Red Sea for foreseeable future
Maersk will divert all vessels around Africa instead of using the Red Sea and Suez Canal for the "foreseeable future"
Japanese firms rush to resume production as earthquake disrupts local economy
Japanese firms are showing their resilience by resuming production four days after a devastating earthquake
Global food prices drop 13.7% in 2023: FAO
Global food prices dropped last year, with notable exceptions like rice due to climate and supply concerns
Global maritime trade sails into geopolitical storm
International shipping companies are re-routing and even suspending routes to tackle various geopolitical factors
BB, NBR urged to facilitate import of six Ramadan commodities
Commerce ministry writes letters to Bangladesh Bank, the National Board of Revenue
Biman to buy Tk 1,000 crore equipment, body cameras for ground staff
The cameras will be used to stop pilferage of valuables from luggage
Private sector funding key to climate transition, World Bank chief says
It currently takes 27 months, on average, before "the first dollar goes out the door," Ajay Banga said in an interview in his brightly lit office in the Bank's headquarters close to the White House.
Shipping firms react to Houthi attacks in the Red Sea
Top shipping companies are taking measures like route suspensions to tackle the Red Sea crisis
Zero margin import facility sought for six essential commodities
Traders made the demand for onion, edible oil, sugar, lentil, chickpeas, dates