Global Economy

Global Economy

Eating out, air travel to turn costlier

From dining out and travelling by air to purchasing sweets and clothing, the small comforts in life are going to turn costlier for a hike in value added tax (VAT) on 43 goods and services.

2w ago

Sri Lanka’s key consumer price index fell 1.7% in Dec

Sri Lanka’s consumer price index fell 1.7 percent year-on-year in December after dropping 2.1 percent in the previous month, the statistics department said on Tuesday.

2w ago

Manufacturing activity of China grows for 3rd month

China’s manufacturing activity expanded in December for the third month in a row, official data showed Tuesday, as leaders fight to reverse a slowdown in the world’s number two economy.

2w ago

Bangladesh gets record $27 billion in remittance in 2024

Remittance inflow also broke single-month record in December

2w ago

Ample supply, slow demand to temper oil price gains in 2025: Reuters poll

The survey of 31 economists and analysts predicted that Brent crude would average $74.33 per barrel in 2025, down from a forecast of $74.53 in November, marking an eighth straight downward revision.

2w ago

Global markets rode AI, interest rate roller coaster in 2024

Donald Trump's victory in the US presidential election gave Wall Street even more of a boost on hopes he will follow through on pledges of deregulation and tax cuts

2w ago

Dollar stood tall in 2024

The dollar slipped on the last trading day of the year on Tuesday but was poised to clock strong gains in 2024 against almost all currencies as investors prepared for fewer US rate cuts and the incoming Trump administration.

2w ago

China manufacturing activity grows for third straight month

China's Purchasing Managers' Index (PMI) was 50.1 in December, marking a third consecutive month of expansion

2w ago

Eating out, air travel to turn costlier

From dining out and travelling by air to purchasing sweets and clothing, the small comforts in life are going to turn costlier for a hike in value added tax (VAT) on 43 goods and services.

2w ago

Manufacturing activity of China grows for 3rd month

China’s manufacturing activity expanded in December for the third month in a row, official data showed Tuesday, as leaders fight to reverse a slowdown in the world’s number two economy.

2w ago

Sri Lanka’s key consumer price index fell 1.7% in Dec

Sri Lanka’s consumer price index fell 1.7 percent year-on-year in December after dropping 2.1 percent in the previous month, the statistics department said on Tuesday.

2w ago

Bangladesh gets record $27 billion in remittance in 2024

Remittance inflow also broke single-month record in December

2w ago

Ample supply, slow demand to temper oil price gains in 2025: Reuters poll

The survey of 31 economists and analysts predicted that Brent crude would average $74.33 per barrel in 2025, down from a forecast of $74.53 in November, marking an eighth straight downward revision.

2w ago

Global markets rode AI, interest rate roller coaster in 2024

Donald Trump's victory in the US presidential election gave Wall Street even more of a boost on hopes he will follow through on pledges of deregulation and tax cuts

2w ago

Dollar stood tall in 2024

The dollar slipped on the last trading day of the year on Tuesday but was poised to clock strong gains in 2024 against almost all currencies as investors prepared for fewer US rate cuts and the incoming Trump administration.

2w ago

China manufacturing activity grows for third straight month

China's Purchasing Managers' Index (PMI) was 50.1 in December, marking a third consecutive month of expansion

2w ago

Japan’s factory activity shrinks at slower pace

Japan’s factory activity shrank at a slower pace in December as declines in production and new orders eased, a private-sector survey showed on Monday, edging closer to stabilisation after recent falls.

2w ago

Gold gains 27% so far this year

Gold prices slipped in thin trade on Monday, as markets awaited next week’s US economic data and the potential impact of President-elect Donald Trump’s return to office on the Federal Reserve’s 2025 outlook.

2w ago