Regional & International Economy

Urban investment and retail sales also fell sharply and for the first time on record, reinforcing views that the epidemic may have cut China’s economic growth in half in the first quarter.

When China sneezes, the world catches a cold, it is often said.

The Bank of England (BoE), the central bank of the country, on Wednesday cut its main interest rate from 0.75 per cent to 0.25 per cent as part of a package of measures to cushion the impact of COVID-19.

A government body has suggested providing special financial incentives to the coronavirus-affected sectors to help them offset the impacts.

Asian stock markets traded cautiously on Tuesday as investors came to terms with “Black Monday”.

SINGAPORE, March 10, 2020 (BSS/AFP) – Oil prices surged more than six percent in Asian trade Tuesday following heavy losses a day earlier after top exporter Saudi Arabia began a price war with Russia.

Chinese shares are turning out to be an unconventional safe haven of sorts. Following the U.S. Federal Reserve’s emergency interest rate cut, U.S. equities fell while gold jumped, suggesting many investors are sceptical about the utility of looser money. The benchmark stock index in China, however, has improved by a …

Commerce Minister Tipu Munshi on Sunday said Bangladesh has achieved high economic growth due to strides by finding new markets for its exports, attracting large number of foreign investors and investing in a variety of mega modernization projects.

A top US trade official for South and Central Asia has said Bangladesh has emerged as the third largest readymade garment (RMG) product supplier to the United States after China and Vietnam.

There is nothing to be worried about preferential treatment of Bangladesh in the European Union even after the country’s graduation from LDC (least developed country) status in 2024, a German diplomat said in Dhaka on Wednesday.