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    FICCI says budget challenging

    Staff Correspondent | Updated at 12:20am on June 15, 2019

    The Foreign Investors’ Chamber of Commerce & Industry on Friday said that the proposed budget of Tk 5,23,190 crore for the next fiscal year was challenging considering the budget growth...

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    Prices of onions, ginger rise after budget

    Staff Correspondent | Updated at 12:20am on June 15, 2019

    The prices of onions and ginger went up in the city’s kitchen markets on Friday a day after the announcement of the proposed national budget for the next financial year of...

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    India set to levy higher tariffs on some US goods

    Reuters . New Delhi | Updated at 12:20am on June 15, 2019

    India is preparing to impose higher tariffs on some US goods including almonds, walnuts and apples next week after a delay of about a year, two sources said, following Washington’s withdrawal of...

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    US retail sales rise solidly in May

    Reuters . Washington | Updated at 12:20am on June 15, 2019

    US retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that could ease fears the economy was slowing down sharply...

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    Why one US can-maker avoids Trump’s tariffs while rivals pay up

    Reuters . Washington | Updated at 12:20am on June 15, 2019

    One of the largest US producers of aerosol cans, Colorado-based Ball Metalpack, has laid off 91 of its 500 US workers since president Donald Trump imposed a 25 per cent tariff on imported steel that...

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    China data, Gulf tensions see bond yields slip, stocks suffer

    Reuters . London | Updated at 12:20am on June 15, 2019

    World stocks struggled and safe haven bets were back in play on Friday with German bond yields plumbing record lows as Chinese data rekindled woes about the health of the global economy and...

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    India gold discounts at 5-month high

    Reuters . Mumbai/Bengaluru | Updated at 12:15am on June 15, 2019

    Physical gold discounts in India widened to their biggest in five months this week as an upsurge in local prices dampened purchases, while China and Singapore saw demand rise from investors looking...

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    Why is Huawei seeking $1 billion patent deal with Verizon?

    Reuters . Washington | Updated at 12:15am on June 15, 2019

    Huawei is demanding Verizon Communications Inc pay $1 billion to license the rights to patented technology, signalling a potential shift in the embattled Chinese company’s strategy for...

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    VW to float 10pc of truck unit, seeks to raise 1.9b euros

    Reuters . Frankfurt | Updated at 12:15am on June 15, 2019

    Volkswagen aims to raise up to 1.9 billion euros ($2.1 billion) by listing truck unit Traton, it said on Friday, scaling back earlier ambitions to list up to a quarter of the unit by opting to float...

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    Japan’s May exports seen falling for 6th month: poll

    Reuters . Tokyo | Updated at 12:15am on June 15, 2019

    Japan’s exports likely fell at a faster pace in May, down for the sixth straight month, as the US-China trade war takes a toll on the economy, a Reuters poll showed on Friday. The Bank of Japan is expected to keep its targets for...

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