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    KSA’s legal revamp offers hope for cautious investors

    Reuters . Riyadh | Updated at 12:05am on September 28, 2018

    Saudi Arabia’s first comprehensive bankruptcy law went into effect last month, one of many reforms to the legal system that economists say may be more important in the long run than high-profile privatisations....

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    Fed raises US interest rates, sees at least three more years of growth

    Reuters . Washington | Updated at 12:05am on September 28, 2018

    The US Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the US economy would enjoy at least three more years of growth.....

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    Turkish economic confidence hits lowest in decade

    Reuters . Istanbul | Updated at 12:05am on September 28, 2018

    Confidence in Turkey’s economy fell by the most in a decade in September with a 15.4 per cent tumble, official data showed on Thursday, reinforcing concerns about a sharp slowdown as the once star emerging market combats a currency crisis....

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    Japan dodges US auto tariffs, for now

    Reuters . New York | Updated at 12:05am on September 28, 2018

    US president Donald Trump and Japanese prime minister Shinzo Abe agreed on Wednesday to start trade talks in an arrangement that, for now, protects Japanese automakers from further tariffs, seen as a major threat to the export-dependent economy....

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    India’s shadow banking scare could derail its robust growth story

    Reuters . Mumbai | Updated at 12:05am on September 28, 2018

    Manzoor Ahmad lost his job as an electrician and is struggling to make ends meet after a crucial road tunnel project shut down in Srinagar, the summer capital of Jammu and Kashmir state in the north....

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    WTO cuts world merchandise trade forecasts for 2018, 2019

    Reuters . Geneva | Updated at 12:05am on September 28, 2018

    World trade growth is likely to be slower than previously thought in 2018 and 2019, although the direct economic effects of a trade war that has blown up this year have been modest so far, the World Trade Organisation said on Thursday....

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    Google’s Kormo app launched for jobs search

    Staff Correspondent | Updated at 12:05am on September 28, 2018

    Kormo, a smartphone-based job marketplace of Google, was officially launched in Bangladesh on Thursday with a view to facilitating people finding jobs in the country’s informal economic sectors....

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    Esquire Knit’s Tk 150cr IPO gets BSEC nod

    Staff Correspondent | Updated at 12:05am on September 28, 2018

    Bangladesh Securities and Exchange Commission on Thursday approved the initial public offering proposal of Esquire Knit Composite Limited allowing the apparel maker to raise Tk 150 crore from the capital market by issuing shares at a price of Tk 40-45 each....

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    3-day green PPP convention, expo begins Oct 4

    Staff Correspondent | Updated at 12:05am on September 28, 2018

    A 3-day green convention and expo will begin in the city on October 4 to promote green and energy efficient technology and public private partnership for sustainable developments in the country....

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    Non-bonded exporters to get duty refund without physical inspection of goods

    Staff Correspondent | Updated at 12:05am on September 28, 2018

    Exporters who do not enjoy bonded warehouse facility will be allowed to get refund of customs duty and value-added tax paid on import of raw materials without physical inspection reports on export goods as National Board of Revenue has relaxed rules in this connection....

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