Probashbangla24 online Desk : The dollar continued to brush aside other currencies Thursday after further proof of the booming US economy sent Treasury yields surging, but Asian equities sank with more Federal Reserve rate hikes looking certain. A forecast-busting private jobs report, a surge in activity in the services sector and optimism in the retail market…
Probashbangla24 online Desk : A woman has been appointed to run a Saudi Arabian bank in a first for women in the country. Saudi businesswoman Lubna Al Olayan will chair a new bank being formed out of a merger between the Saudi British Bank (SABB) and Alawwal Bank. The move comes amid a liberalisation of women’s…
Probashbangla24 online Desk : The European Union warned Mynamar on Friday it could lose trade privileges over its “blatant violation of human rights”, as the international backlash over the Rohingya crisis grows. EU Trade Commissioner Cecilia Malmstrom said a fact-finding mission would arrive in Myanmar soon to assess whether the highly preferential tariff arrangement Myanmar enjoys,…
Probashbangla24 online Desk : The global economic outlook remains positive, with instability in just a few emerging markets seeing instability — but is slightly less positive than a few months ago, US Federal Reserve Chairman Jerome Powell said Tuesday. “I think growth still healthy but maybe under a little bit of pressure,” Powell told the National…
Probashbangla24 online Desk : Alibaba founder Jack Ma said Tuesday that the trade dispute between the US and China could last 20 years. But he expressed hope that a solution could be reached as a trade war would ‘hurt everybody.’ The Chinese e-commerce billionaire also questioned the focus among some on trade deficits, calling it a…
Probashbangla24 online Desk : President Donald Trump made an undiplomatic remark about close ally Saudi Arabia on Tuesday, saying he warned Saudi Arabia’s King Salman he would not last in power “for two weeks” without the backing of the US military. “We protect Saudi Arabia. Would you say they’re rich. And I love the King, King…
Probashbangla24 online Desk : Asian shares fell on Tuesday as relief that the United States had brokered a trade deal with Canada gave way to concerns that negotiations with China were at a standstill. KEEPING SCORE: Japan’s benchmark Nikkei 225 gained 0.2 percent to 24,294.43. Hong Kong’s Hang Seng tumbled 1.6 percent to 27,333.36. Australia’s…
Probashbangla24 online Desk : India-born Gita Gopinath has been appointed chief economist of the International Monetary Fund (IMF), becoming the first woman to hold the position. ‘Gita is one of the world’s outstanding economists, with impeccable academic credentials, a proven track record of intellectual leadership, and extensive international experience,’ Christine Lagarde, the IMF’s managing director said…
Probashbangla24 online Desk : Prime Minister Theresa May has been outlining her plans for the UK’s new immigration system. She told BBC News: “We’ll be ensuring that we recognise the needs of our economy,” adding she would encourage businesses to train people in the UK and invest in improving productivity. Currently, the only industry in line…
Probashbangla24 online Desk : Canada and the US reached a deadline deal on a new free trade pact that will include Mexico, the governments announced late Sunday, after more than a year of talks to revamp a pact President Donald Trump had labeled a disaster. The United States-Mexico-Canada Agreement (USMCA) updates and replaces the nearly 25-year-old…