Global Economy
Zero margin import facility sought for six essential commodities
Traders made the demand for onion, edible oil, sugar, lentil, chickpeas, dates
IMF's Georgieva says Americans should 'cheer up' about falling inflation
IMF's managing director Kristalina Georgieva is hopeful about the US economy as inflation declines further
China factory activity growth accelerates in Dec
China's factory activity expanded at a quicker pace in December due to stronger gains in output and new orders
Analysis / Saudi sovereign wealth fund splashes cash in 2023
Saudi Arabia's Public Investment Fund accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds worldwide last year
Sri Lanka raises taxes ahead of foreign debt deal
Sri Lanka slapped a new 18 % VAT on fuel, mobile phones and computers from Monday to raise revenue ahead of a foreign debt restructuring
Russian economy shrank by 1.2% in 2022, less than previously thought
Russia's economy contracted by 1.2 percent last year, less than the 2.1 percent decline previously estimated
Analysis / King dollar seen vulnerable in 2024 if Fed pivots
The Federal Reserve's dovish December pivot has boosted the case for the weakening dollar to keep falling into 2024
US inflation decelerating in boost to economy
US prices fell in November for the first in more than 3-1/2 years, pushing the annual increase in inflation further below 3 percent, and boosting financial market expectations of an interest rate cut from the Federal Reserve next March.
Sino-Bangla trade to rise after Jan 7 polls: Chinese envoy
27 Chinese and Bangladeshi businesses honoured for contribution to Bangladesh economy
Greenhouse gas emission from farm sector likely to rise
Former BIDS research director M Asaduzzaman says in a paper
Russia splashes $12 billion to keep aviation sector in the air
Russia has handed out more than $12 billion in state subsidies and loans to keep its aviation sector afloat since Western sanctions over Moscow's invasion of Ukraine cut off supplies of key parts and maintenance services, a Reuters analysis shows.
Asia feels the sting of India's onion export ban
India's ban on the export of onions has driven up prices of the vegetable for Asian buyers, who are scrambling for cheaper alternatives, particularly as New Delhi is unlikely to lift the curbs before general elections next year.
Toyota recalling 1.12 million vehicles over potential air bag issue
Toyota Motor said on Wednesday it will recall 1.12 million vehicles worldwide because a short circuit in a sensor could cause air bags not to deploy as designed.
Samsung to set up chip packaging research facility in Japan
South Korea's Samsung Electronics will invest around 40 billion yen ($280 million) over five years in a facility for research into advanced chip packaging it will set up in Japan, according to an announcement by the city of Yokohama.
World Bank releases $250 mn to boost Sri Lanka reforms
The World Bank Wednesday released $250 million to support bankrupt Sri Lanka's tough economic reforms
Toshiba delisted after 74 years, faces future with new owners
Toshiba was delisted on Wednesday after 74 years on the Tokyo exchange, following a decade of upheaval and scandal that brought down one of Japan's biggest brands and ushered in a buyout and an uncertain future.
