Global Business | The Daily Star
  • Pakistan, India hope to reap investment from Saudi prince's visit

    Saudi Arabia's Crown Prince Mohammed bin Salman is expected to announce investments in energy and infrastructure during a visit to India and Pakistan in coming days as part of his efforts to wean the Saudi economy off oil exports.

  • Diversity in the 'man cave': Boardrooms gain women as minorities lag

    In America's corporate boardrooms, diversity is making uneven progress: Women increasingly are pulling up a chair while racial and ethnic minorities still rarely get seats at the table.

  • Garment makers getting new buyers

    Bangladeshi textile and garment manufacturers received positive response from international retailers at the Texworld exhibition currently taking place in the French capital, in what can be viewed as further encouragement for the country's apparel exporters.

  • Renault to scrap Ghosn's 30m euro golden parachute

    The board of Renault was poised to cancel as much as 30 million euros ($34 million) in deferred pay and severance to its ousted boss Carlos Ghosn, as directors met on Wednesday to approve its full-year accounts, sources told Reuters.

  • India's January inflation pace slows

    India's consumer prices rose at a milder pace than anticipated in January and remained below the Reserve Bank of India's target for a sixth straight month, strengthening views it could again cut the key interest rate at its next policy review in April.

  • Japan to set up tighter anti-trust rules for Big Tech

    Japan's government plans to set up a new watchdog to scrutinize big tech companies like Facebook and Google amid growing concerns about monopoly practices and the handling of personal data.

  • Global oil supply to swamp demand in 2019 despite output cuts: IEA

    The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with the group's production cuts and US sanctions on Venezuela and Iran, the International Energy Agency said in a report on Wednesday.

  • UK economy to make modest post-Brexit recovery if deal agreed: economists

    Britain's economy will barely grow in the run-up to Brexit amid concern the UK will leave the European Union without an agreement, but if there is a deal there will be a modest post-divorce upturn, according to economists polled by Reuters.

  • Mnuchin hopes for 'productive' trade meetings in China

    US Treasury Secretary Steven Mnuchin said on Wednesday he hopes for “productive” trade meetings in China this week, as the two countries seek to hammer out an agreement amid a festering dispute that has seen both level tariffs at each other.

  • EU adds Saudi Arabia, Panama to dirty-money blacklist

    The European Commission added Saudi Arabia, Panama and other jurisdictions to a blacklist of nations that pose a threat to the bloc because of lax controls against terrorism financing and money laundering, the EU executive said on Wednesday.

  • Fed's Powell: Bank consolidation weighing on rural communities

    Decades of bank industry consolidation have weighed on the economies of rural areas as branches and local community banks disappeared and access to financial services declined, Federal Reserve Chairman Jerome Powell said on Tuesday, citing meetings of Fed staff held last year in communities where banks had closed.

  • Amazon, GM in talks to invest in electric pickup truck maker Rivian Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that would value the US electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter told Reuters on Tuesday.

  • New Zealand holds rates, sees no movement until 2021

    New Zealand's central bank said Wednesday its interest rate freeze was likely to continue for another two years amid persistent low inflation and a healthy growth outlook.

  • Apple again the most valuable US company

    Apple won back its crown as the most valuable publicly listed US company on Wednesday, ending the session with a market capitalization above recent leaders Microsoft and

  • US trade deficit narrows in November as imports decline

    The US trade deficit fell for the first time in six months in November as cheaper oil and higher domestic petroleum production helped to curb the country's import bill, leading economists to boost their economic growth estimates for the fourth quarter.

  • Long, strange trip: How US ethanol reaches China tariff-free

    In June, the High Seas tanker ship loaded up on ethanol in Texas and set off for Asia.

  • Amazon changes business structures in India to bring big seller back

    One of the biggest sellers on Inc's India website has returned after the online retail giant changed its business structures to comply with new federal e-commerce curbs that took effect last week, two sources told Reuters.

  • German industrial output falls

    German industrial output unexpectedly fell in December for the fourth consecutive month, data showed on Thursday, sending another signal that growth in Europe's biggest economy is weakening.

  • India's central bank cuts key rate

    In a surprise move, the Reserve Bank of India yesterday cut the benchmark interest rate by 25 basis points to 6.25 percent on expectation of inflation staying within its target range.

  • Volvo Cars feels margin pressure from US-China tariff war

    Chinese-owned Volvo Cars reported a fall in 2018 profit margins as a prolonged trade war between Washington and Beijing pushed up costs and resulted in pricing pressure in its main market China.

  • Gold steady as Trump speech stokes fears of govt shutdown

    Gold prices held firm on Wednesday after US President Donald Trump, in his State of the Union speech, vowed to build a border wall and gave little clarity over the ongoing trade discussions with China, but a firmer dollar capped bullion's gains.

  • German industrial orders slip in December

    Industrial orders in Germany fell back in December, official data showed Wednesday, in the latest sign of slowdown in Europe's largest economy.

  • Tesla cuts Model 3 price for second time this year

    Tesla Inc said on Wednesday it was lowering the price of its Model 3 sedan for the second time this year, moves that come in the wake of Tesla losing a tax credit that made its cars more affordable for US buyers.

  • France to tighten 5G security: minister

    France will soon make proposals to reinforce the security of mobile telephone networks, Economy Minister Bruno Le Maire said Wednesday after the US stepped up pressure on Europe to block China's Huawei from building 5G networks.

  • China says US report on its WTO compliance lacks factual basis

    China opposes a report by the US Trade Representative's office on its World Trade Organization (WTO) compliance, the commerce ministry said, saying it is inconsistent with the facts.

  • EU derails train-maker merger, reaping France's fury

    The EU's powerful anti-trust sheriff, Margrethe Vestager, vetoed the merger of the Siemens-Alstom rail businesses on Wednesday, in defiance of Germany and France.

  • Bet everything on electric: Inside Volkswagen's radical strategy shift

    If Volkswagen realizes its ambition of becoming the global leader in electric cars, it will be thanks to a radical and risky bet born out of the biggest calamity in its history.

  • ADB gives $50m for development of microenterprise

    The government and the Asian Development Bank (ADB) yesterday signed an agreement for a $50 million loan to promote microenterprise development for inclusive economic growth and poverty reduction.

  • India now world's second largest LPG consumer

    India has become the world's second largest liquefied petroleum gas (LPG) consumer following the government's aggressive push to provide clean cooking fuel to every household, Indian Oil Secretary MM Kutty said on Tuesday.

  • Facing crackdown in Canada, drugmakers offered billions in price cuts

    Canadian pharmaceutical industry lobby groups, in an effort to head off a planned crackdown on prescription drug prices, offered to give up C$8.6 billion ($6.6 billion) in revenue over 10 years, freeze prices or reduce the cost of treating rare diseases, according to interviews and documents seen by Reuters.