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    Market surge makes stocks pricey

    HM Murtuza | Updated at 10:28pm on February 24, 2017

    Investors in recent weeks found it difficult to buy shares of the listed companies at the Dhaka bourse at lucrative prices, in terms of earnings, as a market surge since October last year made the stocks pricey...

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    Trump calls China ‘grand champions’ of currency manipulation

    Reuters . Washington | Updated at 10:30pm on February 24, 2017

    US president Donald Trump declared China the ‘grand champions’ of currency manipulation on Thursday, just hours after his new Treasury secretary pledged a more methodical approach to analyzing Beijing’s foreign exchange practices...

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    PM to open first air-conditioned warehouse tomorrow

    Bangladesh Sangbad Sangstha . Bogra | Updated at 10:32pm on February 24, 2017

    Prime minister Sheikh Hasina is set to inaugurate the country’s first-ever multistoried air conditioned warehouse (silo) at Shantahar in Bogra tomorrow...

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    Founder of India’s $4 smartphone firm arrested on allegations of fraud

    Business Desk | Updated at 10:34pm on February 24, 2017

    The founder of an Indian tech firm that shot to prominence by offering a $4 smartphone has been arrested on allegations of fraud, after a handset dealer accused the company of not refunding him for an unfulfilled order, the police said, reports Reuters...

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    China says no intention of using currency devaluation to its advantage

    Business Desk | Updated at 10:36pm on February 24, 2017

    China said on Friday it has no intention of using currency devaluation to its advantage in trade, responding to an assertion from US president Donald Trump that China is the ‘grand champions’ of currency manipulation, reports Reuters...

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    India’s Q4 economic growth seen slowing to near 3-year low

    Reuters . Bengaluru | Updated at 10:38pm on February 24, 2017

    India’s economy is expected to have slowed sharply to a near three-year low in the final three months of 2016, as demand wilted following prime minister Narendra Modi’s surprise decision to ban high-value currency notes, a Reuters poll of economists showed...

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    NBR allows duty-free import of $10m in cash

    Staff Correspondent | Updated at 11:24pm on February 23, 2017

    The National Board of Revenue has granted permission to Bangladesh Bank for duty-free import of $10 million dollar in cash through Standard Chartered Bank...

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    Robi counts Tk 390cr loss in 2016

    Staff Correspondent | Updated at 11:27pm on February 23, 2017

    Mobile operator Robi incurred a loss of about Tk 390 crore in 2016 amid its merger with another operator Airtel. According to the data released by Axiata Group, the parent company of Robi which is now the second largest operator in Bangladesh after having merged with Airtel, suffered a loss of 205.6 million Malaysian ringit in 2016...