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World Bank trims East Asia growth forecasts

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Hong Kong, Oct 5 (AP) - The World Bank on Monday trimmed its growth forecast for developing East Asian economies, reflecting risks from China's slowdown and a looming U.S. interest rate hike.

The bank said it expects developing Asian and Pacific economies to grow 6.5 percent this year, down 0.2 percentage points from its previous outlook. It forecast growth of 6.4 percent next year, down 0.3 percentage points from its previous outlook.

Economic output of the 14-country region that includes...

Sweden wants more diversified trade ties with BD

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Staff Reporter

Swedish Ambassador in Dhaka Johan Frisell has said his country wants to further diversify trade relations between the two countries to the benefit of people from both Bangladesh and Sweden.

The Swedish Ambassador said this while making a presentation on Bangladesh-Sweden...

In a Mideast upset by cheap oil, more crude may enter market

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Dubai, Sep 19 (AP)- Across a Mideast fueled by oil production, low global prices have some countries running on empty and scrambling to cover shortfalls, even as more regional crude is on tap to enter the market.

While some Gulf nations rest on ample reserve funds, embattled Iraq is desperate to...

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