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Business

Dollar juiced up for jobs data, Nikkei hits a high

The dollar held pole position in Asia on Friday as bulls wagered a looming US jobs report would add to the chance of rate hikes there, even as the European Central Bank embarks on a trillion euro campaign of bond-buying. ...

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Market showing negative

Trading on the country’s two bourses– Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) — is underway with downward trend of share-price indices on Thursday. DSEX, the broad index of DSE, shed over 14.98 points to stand at 4,666 ...

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India cuts interest rate again

India’s central bank surprised markets Wednesday morning with a cut to its key lending rate for the second time this year, as it joined a world-wide trend of monetary easing that is driving global interest rates to multiyear lows, reports ...

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2016 to be Tourism Year: Hasina

The government has embarked on a mega plan to develop present and potential tourist attractions in Bangladesh. It is set to announce 2016 as the Tourism Year, making it a part of the plan that the Tourism Board approved on ...

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Italy’s Benetton to join fund for Rana Plaza victims

Italian fashion retailer Benetton will pay into a fund set up to compensate victims of the 2013 Rana Plaza factory collapse in Bangladesh that killed more than 1,100 people, the company said on Friday. Benetton’s decision to contribute to the ...

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Bangladesh Bank summons HSBC officials over money laundering reports

Bangladesh central bank has summoned local HSBC officials over recent reports in global media alleging the bank’s involvement in helping clients to evade taxes.The multinational bank’s Dhaka officials have been asked to come to the Bangladesh Bank (BB) on Thursday.“Recent ...

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HSBC bank ‘helped clients dodge millions in tax’

Britain’s biggest bank helped wealthy clients cheat the UK out of millions of pounds in tax, the BBC has learned. Panorama has seen thousands of accounts from HSBC’s private bank in Switzerland leaked by a whistleblower in 2007. They show ...

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Oil price slide to continue

Crude oil will likely continue falling before posting only a mild recovery in the second half of this year, a Reuters survey of analysts showed on Friday, with prices set to average even less in 2015 than during the global ...

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Leather sector loses Tk 4.59bn

The ongoing countrywide blockade enforced by the BNP-led alliance has caused Tk 4.59 billion loss to the leather sector, businessmen say. The Bangladesh Tanners’ Association gave this figure at a press conference held at Dhaka Reporters’ Unity on Monday. The ...

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Supply disruption pushes up food inflation

Food inflation hit more than 6% in January, fueled by political unrest that caused supply chain disruption across the country, officials said yesterday. It increased for the first time in nine months since March last year when food inflation continued ...

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