Economy

Sales of existing homes in the United States have fallen for the 11th straight month, with the past year logging the biggest annual drop since 2008, according to industry data released Friday. The slide came as...

Axel van Trotsenburg, the managing director of operations at the World Bank, made his first official trip to Bangladesh today and touched down in Dhaka. Van Trotsenburg will participate in a public event tomorrow in Dhaka...

Japan’s consumer prices rose four percent in December from a year earlier, a level not seen since December 1981, fuelled in part by higher energy bills, government data showed Friday. The acceleration came after a 3.7...

Sri Lanka’s central bank has urged China and India to agree a write-down of their loans as soon as possible. The crisis-hit Indian Ocean state defaulted on its debt repayments and negotiated a $2.9bn (£2.4bn) bailout....

The Asian Development Bank (ADB) priced a 3-year global benchmark United States (US) dollar bond worth $3.5 billion and a 10-year global benchmark US dollar bond worth $2 billion, proceeds of which will be part of...

US job gains exceeded expectations in December while the unemployment rate ticked down, a closely-watched government report said on Friday, signaling resilience in the labor market despite efforts to cool the economy. Employers added 223,000 workers...

World food prices fell for a ninth month in a row in December but hit their highest level on record for the full year in 2022, UN data showed on Friday. Food prices soared to a...

Tokyo stocks opened lower Wednesday on the first trading day of the year, after Wall Street ended down, with investors eyeing the appreciation of the yen. The benchmark Nikkei 225 index lost 0.99 percent, or 259.57...

The yen rose to a seven-month high against the dollar on Tuesday, breaking the 130 mark and building on a rally sparked by the Bank of Japan’s decision to move away from its long-standing ultra-loose monetary...

Singapore’s economy grew more than expected last year but much slower than in 2021, official data showed Tuesday, as analysts warned of weaker growth ahead owing to an expected recession in key markets. While the 3.8...