India’s economy to grow from 6.5 to 7% this fiscal: CEA

Even though the Indian economy slowed down to 5.4 percent in the second quarter, it will grow in the range of 6.5 to 7 percent this fiscal, voiced Chief Economic Advisor (CEA) Anantha Nageswaran on Thursday.
15 December 2024

Maddhapara Granite Mining becomes dependent on loans for declining sales

The lone hard rock mining company under Petrobangla is now even selling its produce at Tk 500 lower than production cost
15 December 2024

Taskeen Ahmed, new president of Dhaka Chamber

The leading trade body also gets new senior vice president and vice president
15 December 2024

US Fed expected to cut rates in last meeting of Biden era

The Fed is also tipped to signal a slower path of cuts going forward amid uncertainty over the impact of President-elect Donald Trump's economic proposals.
15 December 2024

Moody's downgrades France credit rating to Aa3

Moody's cited France's "political fragmentation" in its decision, which comes after parliament ousted Michel Barnier's government in a historic no-confidence vote following a standoff over an austerity budget
15 December 2024

UK officially joins Indo-Pacific trade bloc

The UK is officially now the 12th member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
15 December 2024

Heavy rains to hit Malaysian palm oil output again in December

Malaysia’s palm oil production is set to fall for the fourth consecutive month in December as heavy rainfall hit harvesting in the world’s second-largest producer of the tropical oil, the industry regulator told Reuters on Friday.
14 December 2024

India’s rice stocks surge to record high

Rice inventories in India surged to a record high at the start of December, reaching more than five times the government’s target and potentially boosting overseas shipments from the world’s biggest exporter of the staple food.
14 December 2024

ECB cuts rates again

The European Central Bank cut interest rates again Thursday and hinted at more to come, with President Christine Lagarde saying the beleaguered eurozone economy was “losing momentum” as EU and US politics fuelled uncertainty.
14 December 2024

Heavy rains to hit Malaysian palm oil output again in December, says MPOB

Lower output in Malaysia would curb inventories in the country and further boost benchmark futures , which are already near their highest levels in about 2-1/2 years
14 December 2024

India's rice stocks surge to record high, boosting export prospects

Rice reserves, including unmilled paddy, in state granaries totalled 44.1 million metric tons on Dec. 1 against a government target of 7.6 million tons, data compiled by the Food Corporation of India showed.
14 December 2024

Yellen won't rule out sanctions on Chinese banks, curbs on 'dark fleet' oil tankers

Earlier this week, Yellen said softness in the oil market presents an opportunity for more sanctions
14 December 2024

UK economy unexpectedly shrinks again in October

Gross domestic product fell 0.1 percent in October compared with September, when output declined by the same amount, the Office for National Statistics (ONS) said
14 December 2024

Sri Lanka says Adani port project to continue despite US charges

Sri Lankan ports minister Bimal Ratnayake said the allegations against Adani had no bearing on the deep-sea container terminal project in the capital Colombo.
14 December 2024

US consumer inflation accelerates for second straight month in November

US consumer inflation ticked up for a second consecutive month in November, driven by food prices and other sectors, according to government data published Wednesday, complicating the Federal Reserve’s rate cut deliberations.
12 December 2024

US consumer inflation accelerates for second straight month in November

The consumer price index (CPI) rose to 2.7 percent last month from a year ago
12 December 2024

US-China officials to hold economic talks before Trump return

Economic and trade tensions between Washington and Beijing have continued to flare during Biden's time in office.
12 December 2024

Adani pulls out of US loan deal for Colombo port

India's Adani Group has withdrawn its request for a US government-backed loan to construct a port in Sri Lanka seen as a counter to a rival Chinese project, according to company filings.
11 December 2024

Chinese authorities are considering a weaker yuan

China’s top leaders and policymakers are considering allowing the yuan to weaken in 2025 as they brace for higher US trade tariffs as Donald Trump returns to the White House.
11 December 2024

Biden says Trump economic plan will be ‘disaster’

Outgoing US President Joe Biden on Tuesday branded his successor Donald Trump’s economic plans a “disaster,” in a speech hailing his own legacy.
11 December 2024