Despite counting revenue loss in the short-term, Bangladesh should sign free trade agreements (FTAs) with its key trading partners for better export growth over the long haul, speakers said at a seminar on Saturday. They also called on government agencies and businesses to get ready to compete...
Some Chinese business sectors reported solid first half earnings, though a substantial fall in industrial profits and in tepid overseas investment inflows into China’s stock markets show fallout from the protracted trade war with the United States. Foreign portfolio inflows into stocks in the world’s second largest...
Asian markets sank again on Thursday as investors grow increasingly pessimistic about the outlook for China-US trade talks, while a closely watched recession indicator hit a level not seen since just before the financial crisis. The pound remained under pressure after Prime Minister Boris Johnson forced an extended suspension of parliament,...
The World Bank will provide $185 million to Bangladesh to add up to 310 Megawatts (MW) in renewable energy generation capacity and mobilise private sector participation to meet the growing demand for electricity in the country. Bangladesh will sign a loan agreement with the global lender...
Asian equity markets tanked and the yuan hit an 11-year low yesterday after US President Donald Trump ramped up his trade war with China by hiking tariffs on more than half-a-trillion dollars’ worth of imports. However, dealers pared earlier steep losses after the president said the two...
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 US-China trade war has a new chapter. After Mr Trump announced added tariffs of 10% on the remaining 300 billion US dollars in goods from China, now their application on certain footwear items is delayed to December Yesterday, the Office of the United States Trade Representative...
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...
Trade deficit narrowed down to 15 percent last fiscal year thanks to a decline in imports and steady growth of exports, bringing some breathing room for the government for the time being. In fiscal 2018-19, trade deficit stood at $15.94 billion, down from $18.17 billion a year...
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...