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Detergent products turn costly

The prices of detergent products of different companies are on the rise on the retail markets across the country as manufacturers are hiking the prices of the items frequently, retailers said. The detergent products of the companies like Unilever Bangladesh... Full story

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BB dept suggests transfer of customer accounts from bKash to BRAC Bank

A Bangladesh Bank department has recommended to the central bank to take steps so that the bKash, a payment system operator (PSO), transfer its customer accounts to its mother organisation BRAC Bank, said... Full story

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No additional tax on bank account holders with small deposit

Small bank account holders who maintain their accounts’ balance up to Tk 1,00,000 will not be charged additional 5 per cent withholding tax on their interest earnings even if they do not have tax identification number. Full story

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Stocks surge in unusual late trading

Dhaka stocks gained in unusual late trading on Wednesday, after three sessions, following the government’s verbal instruction to some institutional investors for keeping the market afloat. DEGN, the benchmark general index of Dhaka Stock... Full story

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Branch office of a bank must take head office’s permission

Bangladesh Bank on Wednesday asked the commercial banks to ensure that the branch of any bank would take permission from its head office to prepare ‘accommodation bill’ against letters of credit for imports. Full story

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Asian markets trim losses to end mixed

Asian markets ended mixed on Wednesday, trimming earlier losses sparked by a decline on Wall Street and concerns about Italy’s finances that stoked fresh fears about the eurozone. Stocks were also pushed lower... Full story

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Euro steady in Asia, yen gets boost

The euro was steady in Asian trade on Wednesday, while the yen strengthened against the dollar as the Bank of Japan started a two-day policy meeting. The euro bought $1.2263 and 97.34 yen in Tokyo afternoon... Full story

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Market Disclosures

The company has informed that it has credited the bonus shares for the 2011 to the respective shareholders' BO accounts on July 11, 2012. Full story

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World oil prices bounce on bargain hunting

Oil prices rallied Wednesday on bargain hunting after a recent slump sparked by the end of a Norwegian oil workers’ strike and before the latest US energy inventories data. Brent North Sea crude for delivery in August... Full story

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Italy ‘vulnerable’ to debt crisis: IMF

The IMF warned Tuesday that Italy’s economy remained ‘vulnerable’ to the euro debt crisis and could have a knock-on effect globally despite ‘strong efforts’ being made by Prime Minister Mario Monti. Full story

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Merkel pushes EU, Southeast Asia free trade pact

German chancellor Angela Merkel on Wednesday said Europe must step up its efforts to establish a free trade pact with booming Southeast Asia. ‘I am deeply convinced that Europe has to hurry up in setting up a free trade agreement with this region if it wants... Full story

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ILO warns of 4.5m more jobless in eurozone

Eurozone nations must act now to prevent creating a further 4.5 million unemployed workers in the next four years, the head of the UN’s labour agency warned on Wednesday. ‘The eurozone is facing its worst crisis since... Full story

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HSBC to apologise at US senate money laundering hearing

HSBC plans to ‘acknowledge and apologise’ for failing to spot and deal with money laundering within the bank during a US Senate panel hearing next week, according to an internal memo sent by its chief executive. Full story

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Farm production needs to rise 60pc by 2050: UN agency

World farm production must rise 60 per cent by 2050 to meet the needs of a growing population but this has to happen in ‘a more sustainable way,’ the UN food agency FAO and the OECD said on Wednesday. Full story

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