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    Cos leaving US will face ‘consequences’: Trump

    Agence France-Presse . Indianapolis | Updated at 01:44am on December 03, 2016

    US president-elect Donald Trump on Thursday warned American firms wanting to relocate abroad that they will face punishment, as he announced a deal with air conditioning manufacturer Carrier to keep jobs in the country....

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    Asia’s wealth industry booting out clients in costly clean-up

    Reuters . Singapore/Hong Kong | Updated at 11:27pm on December 02, 2016

    Thousands of clients are being booted out of bank accounts in Asia’s wealth management industry, which is cleaning up after a money laundering scandal in Malaysia, the ‘Panama Papers’ expose, and a global push for tax transparency, bankers say...

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    Anger rises after India scraps old notes at petrol pumps

    Agence France-Presse . New Delhi | Updated at 11:25pm on December 02, 2016

    India said old notes would no longer be accepted at petrol stations after Friday, fuelling anger over the scrapping of high denomination bills that has caused an unprecedented cash crunch...

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    Stocks refinance scheme: Defaulted loans stand at Tk 23.51 crore

    HM Murtuza | Updated at 11:24pm on December 02, 2016

    Defaulted loans in the government’s Tk 900 crore refinance scheme for the affected small investors stood at Tk 23.51 crore till November 27 this year as a number of entities failed to pay installments in due time...

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    Veg prices rise amid truckers’ strike in northern dists

    Staff Correspondent | Updated at 11:21pm on December 02, 2016

    The prices of vegetables increased in the city’s kitchen markets over the week ending Friday amid a strike being enforced by truckers in 16 northern districts...

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    Bad loans jump to Tk 54,173cr in 9 months

    AKM Zamir Uddin | Updated at 11:15pm on December 02, 2016

    Bad loans, the worst types of defaulted loans, in the country’s banking sector increased by 24.57 per cent to Tk 54,173.35 crore in the first nine months of this year because of the scheduled banks’ failure in recovering classified loans amid a rise in financial scams...

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    Ahsan becomes PRAN-RFL chair, CEO

    Business Desk | Updated at 11:23pm on December 01, 2016

    Ahsan Khan Chowdhury has been appointed as the new chairman and chief executive officer of PRAN-RFL Group, said a news release...

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    Dhaka stocks keep rising amid growing turnover

    Staff Correspondent | Updated at 11:04pm on December 01, 2016

    Dhaka stocks advanced for the second trading session on Thursday after crossing the 4,800-points mark in the previous trading session with the turnover at the Dhaka Stock Exchange toping Tk 800 crore for the second session in the week...

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    BSEC asks bourses not to allow direct listing of pvt entities

    HM Murtuza | Updated at 11:03pm on December 01, 2016

    The Bangladesh Securities and Exchange Commission, against the backdrop of a company’s initiative to get directly enlisted with the stock market, asked the country’s twin bourses not to offer the scope to any private entity...

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    Oil hits 6-week high after OPEC deal

    Reuters . London | Updated at 11:01pm on December 01, 2016

    Oil swept to a six-week high on Thursday after OPEC agreed to cut crude output to help clear a glut, while sterling hit a three-month peak after traders interpreted comments from a senior UK official as a crack in the government’s ‘hard Brexit’ line...