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    China says won’t weaken currency to boost exports, as US tariffs mount

    Reuters . Tianjin | Updated at 12:05am on September 20, 2018

    China will not stoop to competitive devaluation of its currency, premier Li Keqiang stressed, hours after China hit back, with a softer punch than the one landed by the United States, in an escalating tariff war between the world’s largest economies....

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    EU unveils Asia infrastructure plan, denies rivalry with China

    Reuters . Brussels | Updated at 12:05am on September 20, 2018

    The European commission proposed on Wednesday a foreign policy plan to improve transport, energy and digital infrastructure links with Asia but denied seeking to counter China’s ambitions that have raised suspicion in Western capitals....

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    Nilufer becomes Midland Bank chair, Kashem vice-chair

    Business Desk | Updated at 12:05am on September 20, 2018

    Nilufer Zafarullah was elected as the chairman and Abul Kashem the vice chairman of Midland Bank at the 76th board of directors’ meeting of the bank held on September 13, said a press release....

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    Urmee becomes human resources head of SCB

    Business Desk | Updated at 12:05am on September 20, 2018

    Standard Chartered Bank Bangladesh has recently appointed Khairun Nahar Haque Urmee as country head of human resources, said a press release....

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    World stocks bat aside trade war fears, rally for second day

    Reuters . London | Updated at 12:05am on September 20, 2018

    Global equities rallied for a second straight day on Wednesday while safe-haven assets such as US bonds and the Japanese yen slipped to multi-week lows as investors bet the escalating US-China trade spat would inflict less damage than feared....

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    Alibaba’s Ma says US-China trade friction could last 20yrs

    Reuters . Shanghai | Updated at 12:05am on September 20, 2018

    Alibaba chairman Jack Ma said on Tuesday that trade frictions between the United States and China could last for two decades and would be ‘a mess’ for all parties involved, citing weak trade rules....

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    Maldives’ Chinese debt, political risk could lead to ‘trouble’ in paradise

    Reuters . New Delhi | Updated at 12:05am on September 19, 2018

    A victory for president Abdulla Yameen in a Sunday election in the Maldives could ramp up pressure on its finances, as the government stays the course on a Chinese-backed infrastructure boom that is in danger of swamping the economy....

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    India’s struggle to defend rupee shifts focus to rate hikes

    Reuters . Mumbai | Updated at 12:05am on September 19, 2018

    Investors have increased bets that India’s central bank will need to raise interest rates at least two more times this year to shore up the battered rupee after authorities’ previous efforts to defend the currency failed to sway markets....

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    Pakistan’s new govt hikes taxes, cuts spending

    Reuters . Islamabad | Updated at 12:05am on September 19, 2018

    Pakistan’s new government announced cuts in planned development spending and a tax increase for higher earners on Tuesday, unveiling a mini-budget aimed at shoring up an economy in danger of needing another International Monetary Fund bailout....

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    Visa, Mastercard reach $6.2b settlement over card-swipe fees

    Reuters | Updated at 12:05am on September 19, 2018

    Visa Inc, Mastercard Inc, and a number of US banks on Tuesday agreed to pay $6.2 billion to settle a long-running lawsuit brought by merchants over the fees they pay when they accept card payments....