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2024-09-14 17:59:49

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#note13zh…vrvf

2024-09-14 17:59:37

US pvt sector can boost Bangladesh’s growth: embassy
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US embassy in Dhaka emphasizes that the American private sector can enhance Bangladesh's growth through trade and investment, contingent on appropriate economic reforms; Key figures present include Brent Neiman, Jerrod Mason, Helen LaFave, and Syed Ershad Ahmed; Meeting held on September 14, 2024, in Dhaka; US delegation's visit marks the first since the formation of the interim government led by Muhammad Yunus on August 8, 2024; Discussions will cover economic growth, financial stability, and development needs; Donald Lu, US assistant secretary of State, will join the delegation soon.
#Bangladesh #UnitedStates #Economy #Investment #Trade #UsEmbassy #MuhammadYunus #BrentNeiman #ForeignRelations #Development
https://www.newagebd.net/post/economy/245243/us-pvt-sector-can-boost-bangladeshs-growth-embassy

2024-08-23 17:18:49

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#note109v…8qjz

2024-08-23 17:18:38

BoJ’s Ueda flags more rate hikes if economy, inflation on track
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Bank of Japan governor Kazuo Ueda indicated potential interest rate hikes if inflation and economic performance align with forecasts; this follows a surprise rate increase on July 31, 2024, the second in 17 years; Ueda noted core inflation rose to 2.7% in July, driven by higher costs in electricity, gas, and processed food; market volatility was highlighted, with the yen strengthening against the dollar, reaching 145.29; the Nikkei 225 index fell over 12% on August 5, 2024, amid fears of a US economic slowdown; Ueda described the July rate hike as 'appropriate' due to rising wages.
#BankOfJapan #KazuoUeda #InterestRates #Inflation #Economy #Yen #Nikkei225 #FinancialMarkets #CoreInflation #MonetaryPolicy
https://www.newagebd.net/post/banking/243353/bojs-ueda-flags-more-rate-hikes-if-economy-inflation-on-track

2024-08-14 15:43:37

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#note1qnz…hkfm

2024-08-14 15:43:25

Yunus urges RMG industry to aid in rebuilding economy
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Nobel laureate Muhammad Yunus, chief adviser to the interim government, called on the country’s garment manufacturers to support the rebuilding of Bangladesh after 15 years of economic plunder under the dictatorship of Sheikh Hasina; Yunus emphasized the challenges inherited by the interim government and urged the manufacturers to keep their businesses separate from politics; BGMEA leaders expressed their full support for Yunus’s leadership and requested the formation of a task force to address sector-specific challenges; BGMEA director Shovon Islam expressed optimism about the future under Yunus’s leadership and outlined the short-term and long-term needs of the industry; Yunus promised to address their concerns and help the industry; Dhaka stocks rebounded strongly; the interim government appointed Abdur Rahman Khan as NBR chairman; Rizwana warned of stern action against graft and irregularity; ADB engaged with the interim government to support development.
#Rmg #MuhammadYunus #Bangladesh
https://www.newagebd.net/post/apparel/242568/yunus-urges-rmg-industry-to-aid-in-rebuilding-economy

2024-08-13 18:22:10

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#note1jjm…hez6

2024-08-13 18:21:58

Global stocks diverge, as oil prices cool
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Europe's main stock markets fell Tuesday after gains in Asia; US inflation figures expected to be the main focus this week; Crude futures dropped Tuesday but remained well up over the week; The White House warned of possible attacks by Iran and its proxies against Israel; Investors remained cautious before US consumer and wholesale price figures; Asian markets extended a strong start to the week; London gave up early gains after data showed Britain's unemployment rate had dropped; German investor confidence worsened more than expected in August
#StockMarket #UsInflation #InterestRate
https://www.newagebd.net/post/stocks/242493/global-stocks-diverge-as-oil-prices-cool

2024-08-02 17:38:12

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#note14gw…ak85

2024-08-02 17:38:00

Global stocks sink after weak US jobs data
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Stock markets tumbled on Friday over concerns about the health of the US economy after data showed the US jobs market cooled much more than expected in July; Wall Street opened sharply lower, with the tech-heavy Nasdaq shedding more than 2.5 per cent, adding to the previous day’s losses with tech giant Intel sinking more than 28 per cent; European stock markets were also in the red, with Frankfurt and others falling two per cent or more, while the dollar and oil prices fell; The Tokyo stock market tanked by almost six per cent due to a stronger yen and the prospect of interest rate hikes in Japan; The United States added 1,14,000 jobs last month, down from June’s revised figure of 1,79,000, while the unemployment rate rose to 4.3 per cent, according to government figures; Shares in US chip titan Intel sank more than 28 per cent after it announced it would slash more than 15 per cent of its workforce — about 18,000 jobs — as it streamlines operations.
#StockMarkets #UsEconomy #JobsData #Nasdaq #Intel #TokyoStockMarket #Yen #InterestRateHikes #UnemploymentRate
https://www.newagebd.net/post/stocks/241493/global-stocks-sink-after-weak-us-jobs-data

2024-07-25 18:40:06

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#note1kfp…cfax

2024-07-25 18:39:55

US economy beats growth expectations in Q2
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The US economy grew 2.8% in Q2, surpassing expectations of 1.9% growth; The growth was driven by consumer spending and inventory building; Sectors like manufacturing and housing have been struggling due to high interest rates; Consumption has remained strong due to a robust labor market and wage growth; President Joe Biden has struggled to address concerns about rising costs of living; Unemployment has been edging up, but it is due to entrances into the job market rather than layoffs; The US Federal Reserve may consider cutting rates in September to avoid weakening employment growth and the economy.
#UsEconomicGrowth
https://www.newagebd.net/post/economy/240838/us-economy-beats-growth-expectations-in-q2

2024-06-28 15:22:52

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#note1vzj…4525

2024-06-28 15:22:41

IMF slightly downgrades US economic forecast for 2024
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The International Monetary Fund (IMF) has slightly downgraded its economic forecast for the United States in 2024. The US economy is now expected to grow 2.6% this year, down 0.1 percentage point from the IMF's previous forecast in April. Despite the downgrade, the IMF praised the US economy for its strength, dynamism, and adaptability to changing global conditions. The IMF also highlighted stronger-than-expected employment growth and a less costly disinflation process. However, the IMF warned about the impact of the ongoing expansion of trade restrictions and the large fiscal deficit, which creates a sustained upward trajectory for the public debt-GDP ratio. The IMF expects the Federal Reserve to hit its inflation target by mid-2025, slightly ahead of the median forecast from the US central bank's rate-setting committee. The IMF's inflation forecast is more optimistic than the Fed's. The IMF and US Treasury secretary Janet Yellen discussed the remarkable performance of the US economy over the past few years, including economic growth and employment that continue to exceed expectations.
https://www.newagebd.net/post/mis/238729/imf-slightly-downgrades-us-economic-forecast-for-2024

2024-05-24 17:18:51

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#note1qhc…f05w

2024-05-24 17:18:39

Global stocks diverge as US rate cut hopes diminish
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Wall Street swung higher but European stocks fell on Friday as investors fret over data suggesting the US Federal Reserve could keep interest rates higher for longer. Asian and European stock markets fell following Wall Street losses Thursday as better-than-expected US data compounded worries the Federal Reserve will hold off on cutting interest rates this year. European and US indices have rallied to new records in recent days thanks to solid first quarter earnings by companies and their positive outlook despite the fact it is looking increasingly unlikely the Fed will begin cutting interest rates this year. Other data showing the US economy is coping with high interest rates, thus reducing any pressure on the Fed to cut them, has also been denting confidence in a quick reduction in borrowing costs. London was additionally hit by data showing a 2.3-per cent April slump in UK retail sales, days after hotter-than-expected inflation doused chances of a Bank of England rate-reduction any time soon.
#Stocks #UsFederalReserve #InterestRates #WallStreet #EuropeanStocks
https://www.newagebd.net/post/stocks/235982/global-stocks-diverge-as-us-rate-cut-hopes-diminish