Asia

US president Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5 per cent duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world’s two largest economies. Trump’s move, announced...

The revenue authority plans to buy a total of 300,000 sales monitoring devices this fiscal year to bring all shops under an online network and cut the scope for VAT evasion.  The government already gave approval to purchase 100,000 such electronic fiscal devices (EFDs) for Tk 316 crore...

Japan’s core consumer inflation wallowed at a two-year low in July, increasing pressure for the central bank to acknowledge price momentum was slowing and expand its radical stimulus programme. With the global economy hit by the Sino-US tariff war and a pick-up in demand in the second...

China said yesterday it will impose retaliatory tariffs against about $75bn worth of US goods, putting as much as an extra 10% on top of existing rates in the dispute between the world’s top two economies. The latest salvo from China comes after the United States unveiled...

In a move that could further weaken people’s trust in local currency, the federal government may launch a new US dollar-based saving scheme, which will entitle people to claim profits and encash saving instruments at future exchange rates. Depositors will be protected from capital losses caused by...

The cotton and blends spinning industry in India is passing through a big crisis, similar to the situation last seen in 2010-11, resulting in huge job losses, according to the Northern India Textile Mills Association (NITMA). High interest rates, high cost of raw materials, rise in low-priced...

Huawei on Tuesday dismissed Washington’s three-month delay to a ban on US firms selling to the Chinese tech giant and said the decision would not change the fact it had been “treated unjustly”. The US Commerce Department effectively suspended for a second time tough rules stopping the...

Japan’s exports slipped for an eighth month in July, while manufacturers’ confidence turned negative for the first time in over six years as China-bound sales slumped again in a fresh sign the Sino-US trade war could tip the economy into recession. The gloomy data underscored the challenge...

Asian markets rallied Monday following a strong lead from Wall Street and comments from Donald Trump's top economic adviser hailing "positive" trade talks with top Chinese negotiators. Optimism that central banks will provide fresh support to head off a global economic recession has also lent much-needed support to regional equities after...

Asian markets rose Thursday on bargain-hunting by investors following a week of heavy losses due to anxiety over the deepening US-China trade war. But tensions remained high, prompting a rush on safe-haven assets such as bonds, gold and the Japanese yen. Bond yields plunged on Wednesday as prices climbed, with the...