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Inflation down to single digit in April

Bangladesh Bureau of Statistics data released on Saturday showed that the overall inflation had dropped to a single digit on a point-to-point basis after 13 months in April as food prices declined. The point-to-point inflation in April reduced to 9.93 per cent from 10.10 per... Full story

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Economists, experts for separate budget for local govt

Economists and experts on Saturday said the government should introduce a separate budget for the local government to assist the elected representatives at grass-root level in implementing the... Full story

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Stock prices remain flat, turnover drops

Stock prices at the Dhaka bourse closed flat last week but turnover dropped over the week as investors felt pinch of tensions on the political front and a legal battle over the minimum shareholding rule for... Full story

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Govt turns to banks to contain inflation

As the government has reviewed the target to take bank loans for the budget of the current fiscal year, it has started borrowing more from registered banks than the Bangladesh Bank to rein in inflation. Full story

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3 IBA teams win HSBC entrepreneur challenge awards

Three teams of Institute of Business Administration of Dhaka University won the HSBC Young Entrepreneur Challenge awards on Sunday. A team, Fireflies, was declared the ‘gold winner’, while the team... Full story

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Jobs data turns US investors into bears

US traders threw their hats in with the bears Friday, after poor jobs figures appeared to confirm the economy was slumping again after weeks of mixed data. After holding firm for most of the week, the market... Full story

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Europe markets worried about Greece, not France: analysts

Financial markets are worried about the outcome of the Greek election, which could jeopardise its international bailout, but are not too concerned about the prospect of Francois Hollande winning the French... Full story

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HSBC leads British earnings news this week

HSBC bank publishes first-quarter earnings on Tuesday, kick-starting a busy trading week for investors on the London stock market following a long-holiday weekend. The benchmark FTSE 100 index of leading... Full story

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India balances Iran trade visit, Hillary oil calls

India will walk a diplomatic tightrope this week as it plays host to US secretary of state Hillary Clinton at the same time as a large Iranian trade delegation visits seeking to circumvent tough US sanctions that... Full story

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UK economy seen flat in 2012

Britain’s economy will be flat this year before entering a period of growth in 2013, a leading think-tank said on Friday, reiterating its call for the government to get the economy back on a firmer footing by providing a short-term boost. The National Institute of Economic... Full story

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RBI eases FX inflows as rupee skids

The Reserve Bank of India announced measures on Friday to bolster foreign currency inflows following a sharp fall in the rupee, although traders said the moves may not be enough to stem further near-term... Full story

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Sonali Bank gets six new GMs

Sonali Bank has recently appointed six general managers. The board of directors of the bank promoted them from deputy general manager of the same bank, said a news release. Full story

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Singapore eyes Brazil business opportunities

Singapore’s Minister for Trade and Industry Lim Hng Kiang, who will visit Brazil 7–10 May, has said he is confident that Brazil’s economy will continue to offer vast opportunities that Singapore businesses should... Full story

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