China factory output expands for first time in six months

In October, China's Purchasing Managers' Index (PMI) -- a key measure of industrial output -- was 50.1, the National Bureau of Statistics (NBS) announced, up from 49.8 in September.
31 October 2024

Samsung Q3 operating profits soar to $6.6 bn, miss forecast

The world's largest memory chip maker posted an operating profit of 9.18 trillion won ($6.6 billion) "largely due to one-off costs".
31 October 2024
30 October 2024

Robi Axiata’s profit rises 78% in Q3

The telecom operator made Tk 188.7 crore in Jul-Sep this year from Tk 106 crore in the same period last year
30 October 2024

Google reports strong growth driven by AI, cloud

The technology giant's net income surged 34 percent to $26.3 billion, while earnings per share increased 37 percent to $2.12
30 October 2024

Beijing files WTO complaint over EU's new taxes on Chinese EVs

The extra taxes of up to 35 percent were announced Tuesday after an EU probe found Chinese state subsidies were undercutting European automakers
30 October 2024

BTTC wants duty free rice imports

The Bangladesh Trade and Tariff Commission (BTTC) has requested the government to temporarily withdraw import duty on rice to increase the supply and, in turn, contain the price of this staple food in the local markets.
29 October 2024

US finalizes curbs on investing in Chinese tech

The new rules, which take effect on January 2 next year, will prohibit US-headquartered firms, citizens, and permanent residents from engaging in transactions involving cutting-edge technology like semiconductors, artificial intelligence (AI), and quantum computing
29 October 2024

HSBC reports $8.5 billion pre-tax profit in third quarter

The rise in pre-tax profit to $8.5 billion reflected a strong performance in its wealth management division as well as higher revenues in global banking and markets, HSBC said in an earnings release.
29 October 2024

Boeing plans to launch effort to raise over $15 billion in capital as early as Monday, source says

The new capital is set to come from a mix of the sale of stock and convertible preferred shares, the source added, saying the total amount raised could rise based on demand.
28 October 2024

Oil prices tumble as Iran fears ease, yen weakens after Japan polls

Oil prices fell as much as five percent in early trade before paring some of their losses
28 October 2024

Biden's precise industrial policy may soon mutate

Two years into the US government’s attempt to lure manufacturing of semiconductors and renewable energy back home, the president’s top national security aide, Jake Sullivan, offered a defense of his boss’s major economic choices.
27 October 2024

Indonesia bets on SE Asia's first battery plant to become EV hub

Hyundai said the new factory was a commitment to helping the archipelago become a supercharged Southeast Asian EV maker
27 October 2024

China's second-generation factory owners go digital to combat challenges

Qiu has set up a marketing business that directly connects factories with foreign audiences, through videos posted on Instagram and TikTok, which in China can only be accessed using a VPN.
27 October 2024

Debt rule tweak can help UK avoid moron premium

Reeves has already pledged to fund day-to-day spending with taxes but has been vague about her borrowing plans.
26 October 2024

Alibaba to pay $433.5 million to settle shareholder lawsuit over monopoly claims

Alibaba denied wrongdoing, saying it entered the settlement to avoid the cost and disruption of further litigation
26 October 2024

Moody's cuts France outlook, opening door to credit downgrade

Moody's said the fiscal deterioration it has seen is "beyond our expectations and stands in contrast with governments in similarly rated countries that are tending to consolidate their public finances."
26 October 2024

Russia hikes interest rates to 20-year high

The increase takes rates above an emergency level introduced in February 2022 -- just after Moscow ordered troops into Ukraine -- to their highest since 2003, with the regulator battling to stem the economic fallout of the conflict
26 October 2024

Bangladesh may not regain US GSP soon

Bangladesh is unlikely to regain benefits offered under the generalised system of preferences (GSP) from the United States if the programme is revived in the near future because of several issues related to labour rights in the country, Finance Adviser Salehuddin Ahmed said yesterday.
24 October 2024

New administrator forms 10-member panel to run BGMEA

They are: Md Shahidullah Azim, Enamul Haque Khan (Bablu), Miran Ali, M Mohiuddin Chowdhury, Asif Ashraf, Rezwan Selim, ANM Saifuddin, Md Shihabuduzza Chowdhury, Shams Mahmud and Sharif Zahir
24 October 2024