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    Shamsul becomes Standard Bank vice-chair

    Business Desk | Updated at 12:00am on January 21, 2019

    Mohammed Shamsul Alam has been elected as vice-chairman of Standard Bank, said a press release. He is the founder director of Standard Bank....

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    PNB execs sacked for lapses in $2b fraud in 1st firings

    Reuters . New Delhi | Updated at 12:00am on January 21, 2019

    The government has sacked two executives of the state-run Punjab National Bank (PNB) for allegedly failing to prevent a $2 billion fraud, two sources said on Sunday, nearly a year after the country’s biggest bank scam came to light and also dragged the government into the controversy....

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    Wall Street wary of progressive Democrats on House finance body

    Agence France-Presse . Washington | Updated at 12:00am on January 21, 2019

    Wall Street is bunkering down for a wave of intense scrutiny as a group of progressive Democrats, including social media star Alexandria Ocasio-Cortez, have joined a powerful House of Representatives committee overseeing banking activities....

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    BERC asked why hiking gas production, transmission charges won’t be declared illegal

    Staff Correspondent | Updated at 08:18pm on January 20, 2019

    The High Court Division on Sunday asked the Bangladesh Energy Regulatory Commission to explain in four weeks why its decision of hiking the charges for...

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    BB to file case by January for stolen reserve

    Staff Correspondent | Updated at 04:45pm on January 20, 2019

    Finance minister AHM Mustafa Kamal said on Sunday that the Bangladesh Bank would sue Rizal Commercial Bank Corp of the Philippines by January for stolen...

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    Modi’s pre-poll handouts to cost India billions, breach fiscal targets

    Reuters . New Delhi | Updated at 12:00am on January 20, 2019

    A series of vote-catching measures planned by prime minister Narendra Modi as he braces for a difficult general election may cost more than 1 trillion rupees ($14 billion), two sources with direct knowledge of the matter said....

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    US regulators discuss fining Facebook for privacy violations

    Reuters | Updated at 12:00am on January 20, 2019

    US regulators have met to discuss imposing a fine against Facebook Inc for violating a legally binding agreement with the government to protect the privacy of personal data, the Washington Post reported on Friday, citing three people familiar with the discussions....

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    Dhaka stocks’ rally extends to 5th week

    Staff Correspondent | Updated at 12:00am on January 20, 2019

    Dhaka stocks continued with gains in the past week to extend the bull run to the fifth week as investors kept injecting funds, especially into the financial scrips, while a some others went for profit taking share sales....

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    EPZ Labour Ordinance promulgated

    Staff Correspondent | Updated at 12:00am on January 20, 2019

    President Md Abdul Hamid has promulgated Bangladesh EPZ Labour Ordinance 2019 bringing establishments of Export Processing Zones within the purview of inspection system of labour ministry....

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    Stockbrokers seek liquidation rules for delisted firms

    Mostafizur Rahman | Updated at 12:00am on January 20, 2019

    Dhaka Stock Exchange Brokers Association has requested market regulator Bangladesh Securities and Exchange Commission to set liquidator with the task of liquidating a delisted company, paying back its loans and buying back its public shares....