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Stocks plunge on WB’s bridge funding rejection

The general index of the Dhaka bourse, DGEN, plunged 4.15 per cent or 190.13 points on Monday as the investors went for sell-offs fearing economic turmoil after the World Bank withdrew its funding from the Padma... Full story

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Green chilli price skyrocketing ahead of Ramadan

The price of green chilli is skyrocketing on the retail markets in the capital ahead of Ramadan. Green chilli price rose by Tk 20 a kilogram in last three days. The price of the commodity increased by Tk 70 a kg in last one month. Consumers and wholesalers said... Full story

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Gas supply to southeast a far cry

Duration of the project to bring southeast region under gas supply network may be extended by a year as distribution pipeline is yet to be installed, a project official says. Although setting up of the 845-km distribution... Full story

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Provision included in finance act to prevent tax evasion by MNCs

The National Board of Revenue has incorporated a provision in the Finance Act 2012 for preventing tax evasion and capital flight through misuse of transfer pricing in international transactions within associated... Full story

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13th Textech Int’l Expo begins today in capital

The 13th Textech Bangladesh-2012 International Expo, an international exhibition of garments and textile of Bangladesh, will begin in the city today. The four-day exhibition on textile and apparel technology, machinery... Full story

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Euro rally on EU summit deal

The euro’s rally fizzled in Asian trade on Monday, after the beleaguered unit surged last week on a surprise deal by European Union leaders to help stem the continent’s debt crisis. The common currency eased to... Full story

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Credit Agricole shares jump on Emporiki sale rumours

The price of shares in Credit Agricole soared Monday on rumours that it might sell its Greek subsidiary Emporiki, while the National Bank of Greece said it had held talks with the French bank. Full story

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Market

Syed Nurul Arefeen, one of the sponsors/directors of the company, has expressed his intention to sell 5,00,000 shares out of his total holding of 1,29,34,905 shares of the company at prevailing market price through... Full story

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Oil down in Asia on profit-taking, weak China PMI

Crude prices fell in Asia Monday as traders pulled back following a massive rally at the end of last week spurred by a eurozone deal, and after weak manufacturing data from China, analysts said. Full story

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Slump in export orders hits Asian factories

A factory slump in Asia’s two biggest exporters China and Japan deepened in June as crumbling orders from abroad dragged activity to seven-month lows, heightening worries that the health of the global economy is deteriorating. PMI reports on major... Full story

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China banks took 29pc of 2011 global profit: study

Chinese lenders accounted for almost a third of global bank profit last year, up from 4 per cent in 2007, as they grabbed market share given up by struggling European peers, according to The Banker magazine’s annual rankings. Three Chinese banks topped... Full story

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As eurozone crisis bites, jobless rate hits record 11.1pc

The eurozone debt crisis delivered more bad news on Monday with data showing a record high unemployment rate of 11.1 per cent and the manufacturing outlook at the lowest levels for three years. Full story

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Indonesia inflation rises to 4.53pc

Indonesia said Monday inflation rose to 4.53 per cent in June, spurred by higher basic food prices including red chillies, a main ingredient in local dishes. The consumer price index came in at 4.53 per cent last month... Full story

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Lenders losing patience with Kingfisher Airlines

Lenders to beleaguered Kingfisher Airlines are losing hope it will be able to bring in outside investment anytime soon and may sell assets held against their loans, three bankers said on Monday. Full story

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