Japan’s government is considering downgrading its assessment of the economy next week as the intensifying Sino-U.S. trade war takes a toll on exports and factory output, a government source with direct knowledge of the matter told Reuters on Thursday. A downgrade in the crucial monthly report could fuel speculation that …
Read More »Develop stock, bond markets to meet infrastructure financing needs
Bangladesh must develop its capital and bond markets to meet the long-term financing needs of infrastructure projects as bank loans are not viable for mega initiatives worth billions of dollars, said a top official of a state-run non-bank financial institution. “Funds will have to come from the stock market or …
Read More »Islamic banks’ profitability shrinks in 2018
Shariah-based banks’ net profit margin declined to 2.2 percent in 2018 from 3 percent a year earlier at a time when the banking sector’s rose, found a recent study. The banking sector’s net profit margin improved to 3 percent from 2 percent last year, according to the study titled “Islamic …
Read More »One Year of DSE’s Share Sale: Chinese consortium yet to impress investors
One year has passed by since the Chinese consortium agreed to come on board as a strategic partner of the Dhaka Stock Exchange (DSE) but investors are still waiting for the two Chinese bourses to deliver on their promises. One of the big promises made by the Shenzhen Stock Exchange …
Read More »Travellers focus on the ticket price, not the plane: poll
US fliers still consider ticket prices the most important factor when choosing a flight, according to a Reuters/Ipsos poll, suggesting two fatal crashes of Boeing Co 737 MAX jets have had little impact on consumer sentiment. In the public opinion poll released May 15, only about half of US adults …
Read More »Victory awaits in China trade war, Trump tells farmers
US farmers who are major exporters of pork and soy, are caught in the middle of President Donald Trump’s trade wars. And farmers along with the industries that support them, are also key voters. So with 18 months to go before the presidential election, Trump is hoping to put them …
Read More »German economy grew 0.4pc in first quarter
The German economy got off to a solid start in 2019 returning to growth in the first quarter, helped by higher household spending and booming construction, preliminary data showed on Wednesday
Read More »Bangladeshis will be richer than Indians by 2030: StanChart
Bangladeshis will be richer than Indians by 2030 as the country’s per capita income will grow nearly four times throughout the 2020s, according to Standard Chartered — in yet another endorsement of its tremendous growth momentum. The per capita income of Bangladesh will rise to $5,734.6 in 2030. India’s will …
Read More »DSE turnover hits 13-month low
The stocks have continued to bleed on Dhaka Stock Exchange, pushing the turnover to a 13-month low yesterday despite a raft of measures from the government that aimed to revive the market. The turnover, an important indicator, dropped 17.59 percent to Tk 251.4 crore, the lowest since March 25, when …
Read More »Trade war threat adds to Boeing woe
Already in crisis mode over the grounding of its top-selling 737 MAX aircraft, Boeing now finds itself at risk of becoming collateral damage in the US-China trade dispute. The editor of Communist party-owned Global Times newspaper said Monday that Boeing’s order book could take a hit as Beijing parries Washington …
Read More »