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HC delivers verdict on 3 petitions today

The High Court will deliver its decision today on the three writ petitions that challenged the legality of the Securities and Exchange Commission’s notification issued on November... Full story

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Liquidity crisis, energy shortage hit industrial loan disbursement

The growth in industrial credit disbursement and recovery fell sharply in the first nine months of the current financial year compared to that of the corresponding period of the FY2010-11 due to a liquidity crisis in the financial sector and prevailing power and gas... Full story

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India ‘offers’ $400m swap loan

The Indian government has formed a $2 billion fund to assist member countries of the South Asian Association for Regional Cooperation to tackle balance of payments crisis. The Bangladesh Bank governor, Atiur Rahman, said at a programme of Economic... Full story

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Stocks fall for 5th day

Dhaka stocks continued to fall on Sunday, the fifth day in a row, amid tension over outcome of the legal battle surrounding the Securities and Exchange Commission’s mandatory shareholding rule for... Full story

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SEC okays new trading hours of Dhaka, Ctg bourses

The Securities and Exchange Commission last week approved a proposal put forward by the country’s two bourses for advancing trading hours by 30 minutes. In early April, the Dhaka and the... Full story

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Showcase Bangladesh in KL in July 13-15

The Bangladesh-Malaysia Chamber of Commerce and Industry will organise a trade fair in Malaysian capital Kuala Lumpur, highlighting the Bangladeshi banks and money exchanges to attract... Full story

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Saria appointed BASF, USA business director

Saria Sadique, managing director of BASF Bangladesh Limited, has been appointed business director of automotive in BASF Corporation, USA with an effect from June 1. Full story

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S Korea think tank cuts 2012 growth outlook

South Korea’s state-run think tank Sunday cut the nation’s growth forecast for this year to 3.6 per cent from 3.8 per cent estimated in November, citing weakening demand amid a global slowdown. Full story

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Market Disclosures

Premier Leasing & Finance Md Mizanur Rahman Chowdhury, one of the sponsors/directors of the company, has expressed his intention to sell 5,00,000 shares out of his total... Full story

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Japan shares to remain volatile this week: dealers

Japanese shares could for a rocky ride this week after losing nearly 3.0 per cent Friday as ratings downgrades on Greece and Spanish banks spooked investors, piling pressure on the euro, analysts said. Full story

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G8 backs Greece, vows to combat financial turmoil

World leaders backed keeping Greece in the eurozone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalising a global economy increasingly threatened... Full story

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Funds flee India to Southeast Asia

Southeast Asian nations are swallowing an outflow of money from India, as foreign investors lose patience with its policy paralysis and slowing growth and aim instead for more promising... Full story

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Greece tourism hit by euro crisis

Europeans are avoiding vacations to Greece this summer fearing instability sparked by the debt crisis, industry sources say, inflicting a hard blow to the country’s already devastated economy. Full story

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