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Search results for: economy

US labelling China as currency manipulator not true: Scholar

-- August 14, 2019 17:28:08

The US assertion that the recent depreciation of the Chinese yuan against the US dollar amounts to currency manipulation is not true, a US scholar has said, reports Xinhua. It would be more correct t...

EU slaps biodiesel duties on Indonesia

-- August 14, 2019 10:41:57

The European Commission on Tuesday imposed countervailing duties of 8.0 per cent to 18 percent on imports of subsidised biodiesel from Indonesia. The move aimed to restore a level playing field for E...

US-China tariff dispute dampens Las Vegas trade show

-- August 13, 2019 16:28:10

"There is a lot of fear in the marketplace, people are worried," Jimmy Gindi, a New York-based footware seller said Sunday at the Sands Expo  and  Convention Center in Las Vegas. There was...

Oil prices fall on demand concerns, rising US output

-- August 13, 2019 15:58:45

Oil prices fell on Tuesday on lingering concerns over global demand and rising US production, though expectations for major producers to further curtail output offered support, reports Reuters. Brent...

Yen hits seven-month high against dollar

-- August 13, 2019 11:20:55

TOKYO (Reuters) - The yen traded close to a seven-month high against the dollar on Tuesday, as unrest in Hong Kong and gyrations in Argentina’s markets heightened investor risk aversion and fann...

Singapore cuts 2019 GDP forecast as global risks expand

-- August 13, 2019 10:14:03

SINGAPORE (Reuters) - Singapore slashed its full-year economic growth forecast on Tuesday as global conditions were seen worsening and data confirmed the slowest growth rate in a decade amid mounting...

US-China trade war leading to recession: Goldman Sachs

-- August 12, 2019 19:12:25

Goldman Sachs Group Inc  said on Sunday that fears of the U.S.-China trade war leading to a recession are increasing and that Goldman no longer expects a trade deal between the world’s tw...

Lanka tourism industry begins to recover

-- August 12, 2019 17:37:23

COLOMBO, Aug 12: Sri Lanka’s tourism industry, badly hurt by Easter day bombings, is showing signs of gradual recovery, industry executives say, although a national election later this year is l...

Tesla electric car catches fire after hitting a tow truck in Moscow

-- August 11, 2019 18:46:45

A Tesla electric car caught fire after crashing into a tow truck on a Moscow motorway late on Saturday, reports Reuters. Footage of the incident on state TV channel Rossiya 24 showed the car by the s...

Govt plans another pipeline to import LNG from India

-- August 11, 2019 17:54:33

Bangladesh has taken a plan to set up another pipeline to import LNG from India to feed Sunderban Gas Distribution Company. The pipeline will be install near Satkhira border. The new pipeline will s...

Wealthier China boon to US, says economist

Xinhua August 11, 2019 11:40:23

A wealthier China is a boon to the United States, an economist has said, amid an escalating trade tensions between the two nations that has set the world's nerves on edge. Donald Boudreaux, a senior...

IMF reiterates China's exchange rate broadly in line with fundamentals

Xinhua August 10, 2019 17:17:12

China's real effective exchange rate (REER) in 2018 is estimated to be at the same level as warranted by fundamentals and desirable policies, the International Monetary Fund (IMF) reiterated on Friday...

IMF stands by China's exchange rate view

Xinhua August 10, 2019 13:02:38

The International Monetary Fund (IMF) on Friday affirmed its view that China's exchange rate is broadly in line with economic fundamentals. Experts said IMF's new report provides further evidence tha...

BFIU beefs up steps to cut trade-based capital flight

Siddique Islam August 10, 2019 09:41:32

Bangladesh has initiated a coordinated effort to battle trade-based money laundering, thus mitigating the risks of frauds and forgeries in the banking sector, officials said. Trade-based money launde...

China's foreign trade up 4.2pc in first seven months

Xinhua August 09, 2019 17:56:21

China's foreign trade of goods rose 4.2 per cent year on year in the first seven months of this year to 17.41 trillion yuan (about 2.49 trillion U.S. dollars), customs data showed Thursday. Exports i...

China mild inflation provides leeway for economic restructuring

Xinhua August 09, 2019 17:37:55

China's consumer prices stayed elevated in July, fueled by higher fruit and pork prices, while factory price inflation dropped year on year, showing that overall inflationary pressures remain under co...

Japan’s economy grows 1.8pc in April-June

-- August 09, 2019 13:52:03

Japanese government data is showing Japan’s economy grew at a better-than-expected 1.8 per cent seasonally adjusted annualised rate during the April-June quarter on healthy consumer spending and...

Trade war escalation nudges US closer to recession: Poll

Reuters August 09, 2019 10:53:41

The recent escalation in the US-China trade war has brought forward the next US recession, according to a majority of economists polled by Reuters who now expect the Federal Reserve to cut rates again...

Savings tools: Govt's net borrowing rises 7.0pc in FY '19

FE Report August 08, 2019 11:01:29

The government's net borrowing through savings tools was 7.0 per cent more in financial year 2018-19 compared to that of the previous fiscal year (FY). According to data from the state-run Department...

Export target set at $54b

FE Report August 08, 2019 10:05:01

The government has targeted $45.50-billion earnings from merchandise exports in fiscal year (FY) 2019-20, projecting 12.25 per cent growth over that of the last fiscal. It has also set an additional...

Home ministry to buy Tk 2.0b data interceptor

FE Report August 08, 2019 10:04:28

The government approved the procurement of another vehicle-mounted data interceptor for the ministry of home affairs under the direct purchase method. The cabinet committee on economic affairs gave t...

China's agriculture sector sees rapid growth over past 70 years

Xinhua August 07, 2019 18:09:20

China's agriculture sector has seen rapid growth over the past 70 years, with grain output expanding 4.8 times, according to a report from the National Bureau of Statistics (NBS). China's grain outpu...

MPS has set the lower private sector credit growth target: IBFB

FE Online Desk August 07, 2019 17:16:31

International Business Forum of Bangladesh (IBFB) said the Monetary Policy Statement (MPS) has set the lower private sector credit growth target which will affect the industrial production and employm...

Malaysia int'l reserves rise marginally to $103.9b

Xinhua August 07, 2019 15:41:55

Malaysia's central bank Bank Negara Malaysia has said that its international reserves stood at 103.9 billion US dollars as of July 31. The reserves were 0.6 per cent higher compared with $103.3 bil...

Mannan warns on third-time revision of dev projects

FE Report August 07, 2019 10:28:19

The Planning Commission (PC) is going to be tough on the public agencies which revise their development projects repeatedly. Planning Minister MA Mannan warned on Tuesday the public agencies which ar...

US plan to contain China’s rise would end in failure: Experts

Global Times August 06, 2019 17:40:36

Washington's plans to contain China's economy would end in failure and the price to be paid by the US will far exceed its imagination as it provokes a massive trade war, Chinese experts warned on Tues...

US service sector growth hits three-year low

-- August 06, 2019 14:25:16

The US non-manufacturing sector in July expanded at the slowest pace in nearly three years, the Institute for Supply Management (ISM) has said. The non-manufacturing index (NMI), which gauges the per...

BD sees boom in remittances ahead of Eid

FE Online Desk August 06, 2019 14:06:16

Bangladeshi expatriates sent home 1.56 billion US dollars in July, the first month of the current 2019-20 fiscal year, a central bank official has said. This amount is up by 21.20 per cent from $1.32...

NBR wants BEZA to exclude essential goods from tax incentive package

Doulot Akter Mala August 06, 2019 10:24:51

The National Board of Revenue (NBR) has decided to put forward a proposal to Bangladesh Economic Zones Authority (BEZA) for exclusion of essential consumer goods from its tax incentive package. The...

Authorities meet on 2.0pc incentives for remitters

FE Report August 06, 2019 10:06:05

Authorities concerned met on Monday in the wake of an announcement in the budget to grant 2.0 per cent incentives for remitters as part of its efforts to encourage them to send money through the ban...