Global Economy

Global Economy

US, Australia sign rare earths deal as Trump promises submarines

Australia is among the world's top five producers of lithium, cobalt and manganese

10h ago

Gold's record run pauses as investors book profits

Spot gold was down 0.3% at $4,340.99 per ounce,

11h ago

Fall in China’s exports of rare earth magnets stokes supply chain fears

China’s exports of rare earth magnets fell in September, reigniting fears that the world’s top supplier could wield its dominance over a component key for US defence firms and makers of items from cars to smartphones as leverage in trade talks.

22h ago

Trump vows ‘massive’ tariffs until India halts Russian oil buys

US President Donald Trump reiterated on Sunday that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying “massive” tariffs if it did not do so.

23h ago

Trump vows to keep 'massive' tariffs on India until Russian oil imports cease

Russian oil has been one of the main irritants for Trump in prolonged trade talks with India

1d ago

China's economic growth slows amid sputtering domestic demand

Gross domestic product in the July-September quarter expanded 4.8 percent year-on-year

1d ago

Gold gains on US rate-cut optimism

Spot gold was up 0.3 percent at $4,259.34 per ounce

1d ago

US-China trade war risks long-term hit to global growth: WTO

The head of the World Trade Organization said she is urging the US and China to de-escalate trade tensions, warning that a decoupling by the world’s two largest economies could reduce global economic output by 7 percent over the longer term.

1d ago

High gold prices change festive buying patterns in India

Soaring gold prices led Indian buyers to choose coins and bars over jewellery during the Dhanteras festival on Saturday, fuelled by hopes that the precious metal’s glittering rally would continue, industry officials told Reuters.

1d ago

Trump extends auto tariff relief

US President Donald Trump signed an order Friday to extend an arrangement that allowed automakers to reduce tariffs paid on imported vehicle parts.

1d ago

Gross forex reserves cross $32b after 32 months

Experts give the credit to higher remittance earnings and export growth

2d ago

Gold price makes another record

From tomorrow, each bhori of 22-carat gold will cost Tk 217,381

2d ago

Inflation targets are no match for fiscal neglect

“Inflation is always and everywhere a monetary phenomenon.” Milton Friedman’s famous dogma looks increasingly quaint today.

2d ago

China and US agree to fresh trade talks

China and the United States agreed Saturday to conduct another round of trade negotiations in the coming week, as the world’s two biggest economies seek to avoid another damaging tit-for-tat tariff battle.

2d ago

Gold pulls back after record high on firm dollar, Trump's China remarks

Spot gold was down 2.6 percent at $4,211.48 per ounce

3d ago

China and US agree to fresh trade talks

Beijing last week announced sweeping controls on the critical rare earths industry

3d ago

Gold prices extend record rally on US-China tensions, rate-cut bets

Spot gold was up 0.2 percent at $4,217.39 per ounce

5d ago

Nestle to cut 16,000 jobs worldwide over next two years: statement

Its new chief executive announced Thursday

5d ago