China posts slowest growth in over a year as property woes drag

The economy expanded 4.6 percent year-on-year in the third quarter, down from 4.7 in the previous three months and the slowest since early 2023
19 October 2024

US budget deficit widens to $1.8 tn, third highest on record

This year marks the third highest US deficit, behind 2021 and 2020, according to the Treasury
19 October 2024

IMF board approves $1.1 billion disbursal for Ukraine

The loan disbursal is the latest tranche of funding the International Monetary Fund has released to Ukraine as part of an ongoing 4-year, $15.5 billion program approved last March.
19 October 2024

Almost 40% of World Bank's recent climate funds unaccounted for: Oxfam

An Oxfam audit found that as much as $41 billion in climate finance could not be found "between the time projects were approved and when they closed."
17 October 2024

ECB set to cut rates again as inflation cools

After cutting rates twice already this year, including at their last meeting in September, policymakers initially signalled a preference to wait until December to cut again
17 October 2024

China to almost double support for unfinished housing projects

Housing minister Ni Hong said Beijing will "increase the credit scale of white-list projects to four trillion" yuan ($562 billion) by the end of the year
17 October 2024

Chinese firm Jidalai to invest $5.85 million in Adamjee EPZ

The company will annually produce 70 million pieces of pullers of zippers
16 October 2024

Why women risk losing out in shift to green jobs

Closing the gender gap in science, technology, engineering, and math would accelerate the green transition while making it more inclusive
16 October 2024

'Age of Electricity' coming as fossil fuels set to peak: IEA

Demand for oil, gas and coal is still projected to peak by the end of the decade, possibly creating a surplus of fossil fuels, the IEA said in its annual World Energy Outlook
16 October 2024

UK inflation hits three-year low, fuelling rate-cut hopes

The Consumer Prices Index (CPI) reached 1.7 percent last month, well below the BoE's two-percent target, after hitting 2.2 percent in August, the Office for National Statistics (ONS) said in a statement
16 October 2024

China set to post slowest quarterly growth this year: analysts

Officials have in recent weeks unveiled a string of measures to reignite the world's number-two economy and bring an end to years of depressed business activity with an eye to achieving five percent annual growth
16 October 2024

World Bank unlocks another $30 bn by tweaking balance sheet

Key among the reforms was the announcement that the IBRD's minimum equity-to-loans ratio will fall to 18 percent from 19 percent, which will generate $30 billion in additional financing
16 October 2024

Trump says 'obnoxious' tariffs will bring factories to US

"You make it so high, so horrible, so obnoxious" companies will "come right away," Trump said.
16 October 2024

Excelerate Energy to invest more in Bangladesh’s energy sector

A delegation of the US-based LNG company calls on chief adviser
15 October 2024

Southeast Asia emerges as global data centre hot spot as AI usage rises

With AI-supported innovations such as searches on ChatGPT now requiring at least four to five times more processing capacity compared with traditional internet searches, data centre demand is expected to grow at around 20 per cent a year for the next five to seven years, analysts at Maybank noted in an October report
15 October 2024

US Fed 'should proceed with more caution' on rate cuts: official

The US central bank kicked off its rate-cutting cycle last month with a large cut of half a percentage-point, noting the progress made in bringing inflation down toward its long-run target of two percent
15 October 2024

Oil prices drop on easing fears over Middle East, most markets rise

Both main oil contracts dropped around three percent in early exchanges, after the Washington Post reported that Netanyahu had pledged to target Iran's military rather than its crude and nuclear sector
15 October 2024

Garment export to US falls 9.16% in Jan-Aug

Data released from the Office of Textiles and Apparel (OTEXA) showed the fall
14 October 2024

With inflation down, ECB eyes faster tempo of rate cuts

While the rate is expected to tick up again towards the end of the year, the sense that consumer prices are back under control has grown
14 October 2024

TSMC third-quarter profit seen jumping 40% on strong AI chip demand

The world's largest contract chipmaker, whose customers include Apple and Nvidia,has benefited from the surge towards AI.
14 October 2024