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Jet Airways shares rise on Tata investment speculation

Shares in India’s second-largest airline Jet Airways jumped almost three percent Wednesday following reports that salt-to-steel conglomerate Tata Group might invest in it.   Tata is reviewing Jet’s accounts with a view to potentially buying a stake, Bloomberg News reported, ...

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China-backed trade deal pushed back to 2019

A China-backed bid to complete the world’s largest trade deal — without the United States — was pushed back to next year after Asia-Pacific trade ministers failed to agree key terms at a Singapore summit.   The Regional Comprehensive Economic ...

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10 years after the recession, Americans wake up to rising prices

After years of low, low prices, fed by near-zero interest rates in a convalescing economy, Americans are waking up to costlier consumer living. Everyday household staples like diapers, toothpaste, shampoo and dishwashing liquid — not to mention soft drinks, cookies, ...

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Remittance inflow increases by 12.17pc in 4 months

Expatriate Bangladeshis sent US$ 5,108 million remittances during the first four months of the current fiscal 2018-19, which is apparent 12.17 per cent higher than the same period of the preceding year, a Bangladesh Bank (BB) data said today. The ...

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Toshiba slashes 7,000 jobs, pulls out of British nuke plant

The boss of struggling Toshiba said Thursday he would cut 7,000 jobs over the next five years as the Japanese engineering firm pulled out of foreign investments and downgraded its annual profit forecasts.   Toshiba also expects to scrap or ...

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Asian markets surge as Trump fuels China trade deal hopes

Asian markets enjoyed another rally on Friday after Donald Trump hailed positive talks with Chinese President Xi Jinping and a report said he had asked officials to draw up a draft bill as he eyes a potential trade deal between ...

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China reverses ban on trade in tiger, rhino products

China says it will allow trading in products made from endangered tigers and rhinos under “special circumstances,” reversing a previous ban and bringing condemnation from conservation groups. A notice from the Cabinet issued Monday avoided mentioning any change in the ...

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IBM set to acquire North Carolina-based Red Hat in $34B deal

IBM announced Sunday it will acquire North Carolina-based open-source software company Red Hat in a $34 billion stock deal that the technology and consulting giant’s chief executive says will advance the company to the next step in cloud computing.   ...

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Japan, India leaders build ties amid trade, security worries

The leaders of Japan and India are reaffirming their ties amid growing worries about trade and regional stability.   Indian Prime Minister Narendra Modi, who arrived Saturday, was meeting Japanese Prime Minister Shinzo Abe at a resort area near Mount ...

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Global markets in sell-off mode

Global markets remained in sell-off mode on Friday, as investor worries sent shares in Asia, Europe and the US tumbling. The benchmark S&P 500 index in the US slid more than 1.7%, closing down almost 10% from its September high. ...

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