Exports stuck in EU, US orbit
For years, policymakers and businesses have talked about diversifying the country’s export basket and destinations. Yet little has changed. Despite generous government incentives, shipments rely heavily on a few products and markets.
And, readymade garments account for more than 82 percent of total export earnings. The European Union and the United States together take over two-thirds of those exports.
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Read MoreHow an American construction company became the center of a US-Mexico dispute
Vulcan Materials Company is embroiled in a high-level legal dispute with the Mexican government after it attempted to expropriate a quarry supplying building materials for the southern U.S.
Vulcan is the largest producer of construction materials in the United States. While most of its operations are domestic,
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Read MoreProtectionism endangers ‘win’ from US tariff
The recently concluded US-Bangladesh tariff talks might have been hailed as a “positioning win,” but the outcome, which secured reciprocal 20 percent tariffs for Bangladeshi exports to America, carries risks in a world of rising protectionism and shifting supply chains, economists and analysts have cautioned.
In order to navigate the new trade regime,
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Read MoreWhy the Federal Reserve has historically been independent of the White House
WASHINGTON (AP) — President Donald Trump this week called on a Federal Reserve governor to resign over an accusation of mortgage fraud, the latest effort by his administration to exert greater control over one of the few remaining independent agencies in Washington.
Federal Reserve governor Lisa Cook says she won’t leave her post.
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Read MoreStock market today: Dow, S&P 500, Nasdaq rise in countdown to Nvidia earnings report
The Burst
Market Commentary: 1 Extraordinary Firm Soaring Right Now
It’s bad out there the news media will tell you. Silicon Valley Bank collapsed. First Republic Bank collapsed. First Horizon shares crashed. Bank PacWest cratered. US Bancorp tumbled.
Read MoreThe Ivy
The Best Stock Over The Past 25 Years
You would probably assume that Apple’s rise to become a $3 trillion market capitalization company cements its holding on the title of the best performing stock over the past quarter century. If not Steve Jobs’s firm, surely Microsoft holds the top spot as the largest company by valuation in the S&P 500 today?
It turns out neither company has the title,
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