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3 deals on 10 wells with Gazprom today

Three Petrobangla subsidiaries today sign agreements involving $193.5 million with the Russian state-run gas corporation Gazprom International for drilling 10 wells in gas fields, officials said. They said that Bangladesh Gas Fields Company Limited, Sylhet Gas Fields... Full story

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IMF releases $141m instalment of ECF

International Monetary Fund on Wednesday released the first instalment of $141 million of around $1 billion loan sanctioned for Bangladesh under its Extended Credit Facility. A senior official of the... Full story

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Dhaka stocks plunge on fear over intensified political instability

Dhaka stocks fell sharply on Wednesday amid lower turnover as many of the investors went for sell-offs fearing intensified political instability in the coming days. The International Monetary Fund’s projection... Full story

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Britain back in recession

Britain’s economy sank back into recession in the first quarter, when it contracted by 0.2 per cent amid ongoing state austerity and the eurozone debt crisis, official data showed on Wednesday. Full story

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DSE demands special income tax waiver for investors

The Dhaka Stock Exchange on Wednesday demanded that any share market investor with a minimum annual income of Tk 10 lakh and Tk 50,000 investment in the market should get income tax waiver... Full story

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BB asks bank to cut consumer loans

The Bangladesh Bank on Wednesday asked all scheduled banks to cut down consumer loans to ensure credit flow in the productive sectors. The central bank gave the order in a circular issued to the managing... Full story

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DSE online trading from June 10

The Dhaka Stock Exchange on Wednesday announced to launch internet trading system from June 10 after missing three earlier deadlines. The new internet-based trading software MSA Plus would... Full story

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Euro inches higher in Asian trade

The euro inched higher in Asian trade Wednesday as traders watched for signs of monetary easing from the US Federal Reserve after its policy meeting wraps up later in the day. Full story

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Crude advances in Asia on supply concerns

Oil prices rose in Asian trade Wednesday, buoyed by a shutdown of Britain’s largest oil field as well as talk of war in the crude-producing Sudanese region, analysts said. New York’s main contract, light sweet... Full story

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Germany says to skip recession in 2012

Germany will dodge recession in 2012 despite the eurozone debt crisis and should double its growth rate next year, the government said Wednesday, unveiling new forecasts for Europe’s top economy. Full story

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Thousands in Japan protest at Asia-Pacific trade pact

Thousands of farmers rallied in Tokyo Wednesday against a Pacific-wide free trade pact as prime minister Yoshihiko Noda’s prepares for a visit to the United States. Noda had reportedly been looking to announce Japan would become a full-fledged participant in... Full story

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S&P downgrades India outlook to negative

Standard & Poor’s on Wednesday downgraded India’s credit outlook to negative as a weakening economy and gaping fiscal deficit put the country’s prized investment-grade rating at risk. Full story

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Pubali Bank re-elects chairman, vice-chairman

Hafiz Ahmed Mazumder has recently been unanimously re-elected chairman and Habibur Rahman re-elected vice-chairman of the board of directors of Pubali Bank in its 873rd board meeting held after the... Full story

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ECB chief throws crisis ball back to govts

European Central Bank president Mario Draghi gave no indication on Wednesday that the ECB was poised to provide more support for banks or governments but also said the time was not right to consider rolling... Full story

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