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.
Half of Russia's 2023 oil and petroleum exports went to China - Russia's Novak
Half of Russia's oil and petroleum exports in 2023 will have gone to China while India's share has risen in two years to 40
China's industrial profits post double-digit gains but recovery uneven
China's November industrial profits posted double-digit gains as overall manufacturing improved, although soft demand continued to constrain business growth expectations, emboldening calls for more macro policy support.
Apple files appeal after Biden administration allows US ban on watch imports
Apple on Tuesday appealed a decision to ban imports of its watches based on a complaint from medical monitoring technology company Masimo, after US President Joe Biden's administration declined to veto a government tribunal.
Oil edges up as investors eye Middle East tensions and US rate cut
Oil edged higher on Tuesday, finding support from geopolitical tensions in the Middle East and investor optimism that the US Federal Reserve would soon start cutting interest rates, boosting global economic growth and fuel demand.
Global 2024 staple food supplies to be strained by dry weather, export curbs
Global wheat , corn and soybean prices are headed for losses in 2023 on easing Black Sea bottlenecks and fears of a global recession
Oil little changed as investors eye Middle East tensions, US rate cut
Oil prices were little changed on Tuesday as investors focused on Middle East tensions and US rate cut
India boosts AI in weather forecasts as floods, droughts increase
India is testing artificial intelligence (AI) to build climate models to improve weather forecasting as torrential rains, floods and droughts proliferate across the vast country, a top weather official said.
US inflation decelerating in boost to economy
US prices fell in November for the first in more than 3-1/2 years, pushing the annual increase in inflation further below 3 percent, and boosting financial market expectations of an interest rate cut from the Federal Reserve next March.
Sino-Bangla trade to rise after Jan 7 polls: Chinese envoy
27 Chinese and Bangladeshi businesses honoured for contribution to Bangladesh economy
Greenhouse gas emission from farm sector likely to rise
Former BIDS research director M Asaduzzaman says in a paper