Major companies still plan to attend a conference in Saudi Arabia next week despite pressure for a boycott. Some 30 delegates have dropped out since Saudi journalist Jamal Khashoggi disappeared. Others are joining them, reports BBC. UK International Trade Secretary Liam Fox yesterday pulled out along…

The trade spat between the world's two largest economies -- China and the United States -- is imperilling the entire Asia-Pacific, regional finance…

Bangladesh Bank (BB) has modified the provisioning requirement for the banks, Financial Institutions (FIs) and organisations in accordance with their respective counter-guarantees, reports BSS. There will be no provisioning requirement for the BB for rating ‘grade one’ banks or FIs or organisations…

Chaina is always ready to support development efforts of Bangladesh, ambassador Zhang Zuo said while speaking at a function in Narsingdi yesterday. He also said the Chinese Embassy will continue to extend help to the friendship Center for skill development of the children. The function was addressed,…

 Washington on Wednesday again declined to call China a currency manipulator but said the yuan's fall and Beijing's exchange practices were…

A gigantic years-long tax scam saw banks drain 55 billion euros ($63 billion) from national treasuries in Europe, a far larger sum than previously thought, media from across the continent reported yesterday, reports AFP from Frankfurt. The so-called "cum-ex" deals relied on complex tax trickery…

Europe's biggest auto companies came to Brussels on Wednesday to issue a blunt warning against a no-deal Brexit, just as EU leaders were to meet to break an impasse in divorce talks, reports AFP Brussels. "Ahead of this evening's Brexit summit, Europe's auto manufacturers and suppliers…

Turkmenistan inaugurated on Wednesday a $3.4 billion petrochemical plant as the Central Asian state seeks to both obtain greater value from natural gas and reduce its reliance on exporting it to China and Iran, reports AFP from Kiyanly, Turkmenistan. The plant should produce 386,000 tonnes of polyethylene…

Shares in Swedish telecoms firm Ericsson shot up by five per cent in early trades yesterday after it posted better-than-expected third quarter earnings, turning its first net profit in more than two years, reports AFP from Stockholm. By noon (1000 GMT), the share price was still up by 4.72 per cent…