AFP

In a vast Bangladeshi factory hall thrumming with sewing machines, garment workers churn out seemingly endless pairs of mountain hiking trousers for customers in Europe and North America.Bangladesh’s key clothing manufacturing industry supplying global brands was crippled by a revolution that toppled the government last year, in which garment sector protesters played an important role.While …

Bangladesh garment industry rebounds, but workers say little change Read More »

Asian markets struggled Thursday after a tepid lead from Wall Street, with investors growing increasingly worried about the outlook for inflation and US interest rates as Donald Trump’s second presidency looms.A report saying the president-elect was considering declaring a national economic emergency to provide legal cover to impose tariffs on all imported goods added to …

Asian markets drop as trades fret over US inflation, rates outlook Read More »

Stock markets were rattled Wednesday by worries about incoming US president Donald Trump slapping tariffs on imports as well as the fading prospects for interest rate cuts.A CNN report that Trump is considering declaring a national economic emergency to provide legal cover to impose tariffs on all imported goods sent US and European stocks into …

US tariff and inflation fears rattle global markets Read More »

Stock markets diverged and the dollar rose Wednesday after data pointed to a robust US economy, further denting hopes of several more cuts to interest rates in the world’s biggest economy.The latest readings added to worries about a fresh uptick to US inflation, already on traders’ radar owing to Donald Trump’s pledges to slash taxes, …

Global stocks diverge on renewed US inflation fears Read More »

Indonesia on Wednesday upheld a ban on iPhone 16 sales despite Apple’s $1 billion pledge to invest in the country after a negotiation deadlock, citing the company’s failure to meet domestic market requirements.Indonesia in October prohibited the marketing and sale of the iPhone 16 model over Apple’s failure to meet local investment regulations requiring that …

Indonesia upholds iPhone 16 sales ban after Apple offers $1 bn investment Read More »

Equities wavered on Wednesday as sentiment was knocked by a sell-off on Wall Street sparked by data indicating the US economy and jobs market remained robust, further denting hopes for interest rate cuts.With inflation worries already elevated owing to Donald Trump’s pledges to slash taxes, regulations and immigration when he returns to the White House, …

Asian markets mixed after Wall St hit by US inflation fears Read More »

South Korea’s Samsung Electronics said Wednesday it expected fourth-quarter profits to fall sharply from the previous quarter and miss forecasts as it struggled to meet robust demand for chips used in artificial intelligence servers.The announcement comes after the world’s largest memory-chip maker issued a rare apology in October acknowledging it was facing a “crisis” and …

Samsung warns fourth-quarter profit to miss forecasts Read More »

South Korea’s Samsung Electronics said on Wednesday it expected fourth-quarter profits to be sharply down compared with the previous quarter, falling short of expectations as the company struggled to meet robust demand for chips used in artificial intelligence servers.The firm is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of …

Samsung forecasts Q4 earnings to fall well short of expectations Read More »

US survey data rekindled inflation concerns and rising bond yields helped pull the rug out from under a rally on Wall Street on Tuesday.US stocks finished firmly lower, while yields on the popular 10-year US Treasury rose. “A much stronger-than-expected rise in US services prices sent shivers through US stocks,” said market analyst Axel Rudolph at …

Inflation concerns pull rug out from Wall Street rally Read More »