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    Sears aims to close up to 150 stores in bankruptcy

    Reuters | Updated at 02:15am on October 14, 2018

    Sears Holdings Corp is planning to close up to 150 of its department and discount stores and keep at least another 300 open as part of a plan to restructure under US bankruptcy protection, people familiar with the matter said Friday....

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    FID asks SoBs to suspend master-roll appointments

    Staff Correspondent | Updated at 02:13am on October 14, 2018

    Financial Institution Division has asked all state-owned banks to suspend appointments on master roll, said the division officials....

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    BGMEA, BKMEA dilly-dallying with govt order to stop UD

    Staff Correspondent | Updated at 02:10am on October 14, 2018

    BGMEA and BKMEA, the two associations of the country’s apparel exporters, have failed to comply with the government directive to stop issuing Utilisation Declaration to 219 non-compliant readymade garment factories in three weeks....

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    IMF members pledge not to go for competitive currency devaluations

    Reuters . Indonesia | Updated at 02:07am on October 14, 2018

    China’s top central banker on Saturday pledged to keep the yuan currency’s value ‘broadly stable,’ a sign that Beijing may be trying to prevent a bruising trade dispute with the United States from spilling over into a currency war....

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    Japan, as next year’s G20 chair, wants to put global imbalances on the map

    Reuters . Indonesia | Updated at 02:05am on October 14, 2018

    Japan wants to highlight global imbalances as key topics of debate, and take steps to fix them, when it chairs next year’s gatherings of the Group of 20 major economies, government officials said this week....

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    Italy budget debacle puts Europe back in global spotlight

    Reuters . Indonesia | Updated at 02:03am on October 14, 2018

    As the euro zone sovereign debt crisis petered out, European officials at annual meetings of the International Monetary Fund were happy to move out of the spotlight over recent years. Europe was not in the eye of the storm....

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    Walmart acquires online lingerie retailer Bare Necessities

    Reuters . New York | Updated at 12:05am on October 14, 2018

    Walmart Inc said on Friday it has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its second apparel-focused acquisition in less than two weeks as it seeks deeper inroads into the online fashion space...

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    A tech boom in Pittsburgh brings hope and angst

    Reuters . Pittsburgh | Updated at 12:03am on October 14, 2018

    The city of Pittsburgh, the one-time steel capital that’s long been a symbol of Rust-Belt decline, is emerging as a vibrant hub for artificial intelligence, robotics and biomedical companies eager to tap a rich talent pool....

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    Alibaba’s Jack Ma to open institute for tech entrepreneurs in Indonesia

    Reuters . Indonesia | Updated at 12:03am on October 14, 2018

    Jack Ma, executive chairman of China’s Alibaba Group Holding, said on Saturday he plans to open an institute to train thousands of tech entrepreneurs in Indonesia, where he is already an adviser to the government on e-commerce....

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    Sindabad.com wins APICTA merit award as best start-up

    Business Desk | Updated at 12:01am on October 14, 2018

    Sindabad.com, Bangladesh’s first B2B e-commerce venture, has clinched merit award in ‘Start-up Category’ at Asia Pacific ICT Alliance (APICTA) Award held at Guangzhou in China on Saturday, said a press release....