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Reliance-Microsoft tie-up poses threat to Amazon, Google in India

Reliance-Microsoft tie-up poses threat to Amazon, Google in India

-- 2019-08-13 11:35:05

India’s Reliance Industries Ltd Monday announced a partnership with Microsoft’s  Azure cloud platform, in a move that deepens the offerings of its Jio telecoms unit while posing a d...

Yen hits seven-month high against dollar

Yen hits seven-month high against dollar

-- 2019-08-13 11:20:55

TOKYO (Reuters) - The yen traded close to a seven-month high against the dollar on Tuesday, as unrest in Hong Kong and gyrations in Argentina’s markets heightened investor risk aversion and fann...

Singapore cuts 2019 GDP forecast as global risks expand

Singapore cuts 2019 GDP forecast as global risks expand

-- 2019-08-13 10:14:02

SINGAPORE (Reuters) - Singapore slashed its full-year economic growth forecast on Tuesday as global conditions were seen worsening and data confirmed the slowest growth rate in a decade amid mounting...

US-China tariff dispute dampens Las Vegas trade show

US-China tariff dispute dampens Las Vegas trade show

-- 2019-08-13 00:00:00

"There is a lot of fear in the marketplace, people are worried," Jimmy Gindi, a New York-based footware seller said Sunday at the Sands Expo  and  Convention Center in Las Vegas. There was...

US-China trade war leading to recession: Goldman Sachs

US-China trade war leading to recession: Goldman Sachs

-- 2019-08-12 19:12:25

Goldman Sachs Group Inc  said on Sunday that fears of the U.S.-China trade war leading to a recession are increasing and that Goldman no longer expects a trade deal between the world’s tw...

Lanka tourism industry begins to recover

Lanka tourism industry begins to recover

-- 2019-08-12 17:37:22

COLOMBO, Aug 12: Sri Lanka’s tourism industry, badly hurt by Easter day bombings, is showing signs of gradual recovery, industry executives say, although a national election later this year is l...

Tesla electric car catches fire after hitting a tow truck in Moscow

Tesla electric car catches fire after hitting a tow truck in Moscow

-- 2019-08-11 18:46:45

A Tesla electric car caught fire after crashing into a tow truck on a Moscow motorway late on Saturday, reports Reuters. Footage of the incident on state TV channel Rossiya 24 showed the car by the s...

Govt plans another pipeline to import LNG from India

Govt plans another pipeline to import LNG from India

-- 2019-08-11 17:54:33

Bangladesh has taken a plan to set up another pipeline to import LNG from India to feed Sunderban Gas Distribution Company. The pipeline will be install near Satkhira border. The new pipeline will s...

China to push to attract more high-tech manufacturers

China to push to attract more high-tech manufacturers

-- 2019-08-11 13:32:04

China will push to attract more high-tech manufacturers to set up in the world’s No.2 economy, the nation’s commerce ministry said late on Friday, without giving further details, reports R...

Wealthier China boon to US, says economist

Wealthier China boon to US, says economist

Xinhua 2019-08-11 11:40:23

A wealthier China is a boon to the United States, an economist has said, amid an escalating trade tensions between the two nations that has set the world's nerves on edge. Donald Boudreaux, a senior...

Scientists develop nighttime color-changing film

Scientists develop nighttime color-changing film

Xinhua 2019-08-10 19:15:23

Scientists in China and the United States developed a thin film that can shine brightly and change color at night, which could be used to make road signs to benefit drivers and pedestrians. The study...

IMF reiterates China's exchange rate broadly in line with fundamentals

IMF reiterates China's exchange rate broadly in line with fundamentals

Xinhua 2019-08-10 17:17:12

China's real effective exchange rate (REER) in 2018 is estimated to be at the same level as warranted by fundamentals and desirable policies, the International Monetary Fund (IMF) reiterated on Friday...

IMF stands by China's exchange rate view

IMF stands by China's exchange rate view

Xinhua 2019-08-10 13:02:37

The International Monetary Fund (IMF) on Friday affirmed its view that China's exchange rate is broadly in line with economic fundamentals. Experts said IMF's new report provides further evidence tha...

BFIU beefs up steps to cut trade-based capital flight

BFIU beefs up steps to cut trade-based capital flight

Siddique Islam 2019-08-10 09:41:31

Bangladesh has initiated a coordinated effort to battle trade-based money laundering, thus mitigating the risks of frauds and forgeries in the banking sector, officials said. Trade-based money launde...

China's foreign trade up 4.2pc in first seven months

China's foreign trade up 4.2pc in first seven months

Xinhua 2019-08-09 17:56:21

China's foreign trade of goods rose 4.2 per cent year on year in the first seven months of this year to 17.41 trillion yuan (about 2.49 trillion U.S. dollars), customs data showed Thursday. Exports i...

Huawei launches its own operating system

Huawei launches its own operating system

Global Times 2019-08-09 17:53:13

Chinese tech firm Huawei released its much-anticipated self-developed operating system (OS) HarmonyOS on Friday amid the company's US ban and an escalation of trade tensions. A Huawei executive said t...

China mild inflation provides leeway for economic restructuring

China mild inflation provides leeway for economic restructuring

Xinhua 2019-08-09 17:37:54

China's consumer prices stayed elevated in July, fueled by higher fruit and pork prices, while factory price inflation dropped year on year, showing that overall inflationary pressures remain under co...

Japan’s economy grows 1.8pc in April-June

Japan’s economy grows 1.8pc in April-June

-- 2019-08-09 13:52:03

Japanese government data is showing Japan’s economy grew at a better-than-expected 1.8 per cent seasonally adjusted annualised rate during the April-June quarter on healthy consumer spending and...

Trade war escalation nudges US closer to recession: Poll

Trade war escalation nudges US closer to recession: Poll

Reuters 2019-08-09 10:53:41

The recent escalation in the US-China trade war has brought forward the next US recession, according to a majority of economists polled by Reuters who now expect the Federal Reserve to cut rates again...

PABL-FE Roundtable on Insurance Industry’s  Expectations and Attainments in the Budget 2019-2020

PABL-FE Roundtable on Insurance Industry’s Expectations and Attainments in the Budget 2019-2020

-- 2019-08-08 20:51:18

Date: July 31, 2019 • Time: 3:00 p.m. to 5:00 p.m. • Venue: Purbani International Hotel, 1 Dilkusha, Dhaka Chief Guest: Mr. M A Mannan, MP, Honorable Minister, Ministry of Planning, Govt...

Savings tools: Govt's net borrowing rises 7.0pc in FY '19

Savings tools: Govt's net borrowing rises 7.0pc in FY '19

FE Report 2019-08-08 11:01:29

The government's net borrowing through savings tools was 7.0 per cent more in financial year 2018-19 compared to that of the previous fiscal year (FY). According to data from the state-run Department...

Export target set at $54b

Export target set at $54b

FE Report 2019-08-08 10:05:01

The government has targeted $45.50-billion earnings from merchandise exports in fiscal year (FY) 2019-20, projecting 12.25 per cent growth over that of the last fiscal. It has also set an additional...

Home ministry to buy Tk 2.0b data interceptor

Home ministry to buy Tk 2.0b data interceptor

FE Report 2019-08-08 10:04:28

The government approved the procurement of another vehicle-mounted data interceptor for the ministry of home affairs under the direct purchase method. The cabinet committee on economic affairs gave t...

China's agriculture sector sees rapid growth over past 70 years

China's agriculture sector sees rapid growth over past 70 years

Xinhua 2019-08-07 18:09:19

China's agriculture sector has seen rapid growth over the past 70 years, with grain output expanding 4.8 times, according to a report from the National Bureau of Statistics (NBS). China's grain outpu...

MPS has set the lower private sector credit growth target: IBFB

MPS has set the lower private sector credit growth target: IBFB

FE Online Desk 2019-08-07 17:16:31

International Business Forum of Bangladesh (IBFB) said the Monetary Policy Statement (MPS) has set the lower private sector credit growth target which will affect the industrial production and employm...

Malaysia int'l reserves rise marginally to $103.9b

Malaysia int'l reserves rise marginally to $103.9b

Xinhua 2019-08-07 15:41:55

Malaysia's central bank Bank Negara Malaysia has said that its international reserves stood at 103.9 billion US dollars as of July 31. The reserves were 0.6 per cent higher compared with $103.3 bil...

Mannan warns on third-time revision of dev projects

Mannan warns on third-time revision of dev projects

FE Report 2019-08-07 10:28:19

The Planning Commission (PC) is going to be tough on the public agencies which revise their development projects repeatedly. Planning Minister MA Mannan warned on Tuesday the public agencies which ar...

US plan to contain China’s rise would end in failure: Experts

US plan to contain China’s rise would end in failure: Experts

Global Times 2019-08-06 17:40:35

Washington's plans to contain China's economy would end in failure and the price to be paid by the US will far exceed its imagination as it provokes a massive trade war, Chinese experts warned on Tues...

US service sector growth hits three-year low

US service sector growth hits three-year low

-- 2019-08-06 14:25:16

The US non-manufacturing sector in July expanded at the slowest pace in nearly three years, the Institute for Supply Management (ISM) has said. The non-manufacturing index (NMI), which gauges the per...

BD sees boom in remittances ahead of Eid

BD sees boom in remittances ahead of Eid

FE Online Desk 2019-08-06 14:06:15

Bangladeshi expatriates sent home 1.56 billion US dollars in July, the first month of the current 2019-20 fiscal year, a central bank official has said. This amount is up by 21.20 per cent from $1.32...