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    219 RMG units face govt action for remediation failure

    Staff Correspondent | Updated at 12:05am on September 28, 2018

    The government has started taking punitive measures against non-compliant readymade garment factories which were inspected under a government-led and International Labour Organisation-supported initiative but failed to make any remediation progress....

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    JPMorgan in talks to lead Lyft’s IPO - sources

    Reuters | Updated at 12:05am on September 27, 2018

    JPMorgan Chase & Co is in talks about leading Lyft Inc’s upcoming initial public offering as an underwriter, after rivals Goldman Sachs Group Inc and Morgan Stanley decided not to pursue such a role out of loyalty to another IPO hopeful, Lyft’s larger competitor Uber Technologies Inc, according to people familiar with the matter....

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    In a US manufacturing hub, no illusions about tariffs and jobs

    Reuters . Thomasville | Updated at 12:05am on September 27, 2018

    In a town where a 30-feet tall chair is the chief landmark, and which is synonymous with a US furniture industry decimated over the years by imports from China, many greet the possibility of tariffs on Chinese goods with a shrug....

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    China announces fresh import tariff cuts amid brewing trade war

    Reuters . Beijing | Updated at 12:05am on September 27, 2018

    China on Wednesday unveiled plans to cut tariffs for products including machinery, electrical equipment and textile products beginning on Nov 1, as the country braces for an escalating trade war with the United States....

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    India approves incentives for sugar exports

    Reuters . New Delhi | Updated at 12:05am on September 27, 2018

    India’s cabinet on Wednesday approved incentives to encourage cash-strapped mills to export sugar in the 2018/19 season, a government statement said on Wednesday, part of efforts to trim bulging domestic stockpiles....

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    Fed likely to raise rates

    Reuters . Washington | Updated at 12:05am on September 27, 2018

    With the Federal Reserve widely expected to raise interest rates on Wednesday, financial markets are focused on whether signs of an acceleration in US economic growth will prompt the central bank to ramp up the pace of monetary policy tightening....

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    China sets positive world equity tone

    Reuters . London | Updated at 12:05am on September 27, 2018

    A Chinese equity bounce set a modestly positive tone for world stocks on Wednesday as bets that Beijing would expand stimulus to support its economy helped offset some of the worries about global trade tensions and $80-a-barrel oil....

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    India’s palm oil imports to jump on rising demand

    Reuters . Mumbai | Updated at 12:05am on September 27, 2018

    India’s palm oil imports in 2018/19 are likely to jump 8.7 per cent from a year earlier as consumption in the world’s biggest edible oil consumer will expand amid a drop in local supplies, a leading industry analyst said on Wednesday....

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    Carmakers trigger Brexit contingency plans

    Reuters . London | Updated at 12:05am on September 27, 2018

    Carmakers in Britain have triggered some Brexit contingency plans, such as certifying models in the EU, and are working on redrawing production schedules and stockpiling more parts to defend against any loss of unfettered trade after Brexit....

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    US has most to lose from trade war, China would benefit: ECB

    Reuters . Frankfurt | Updated at 12:05am on September 27, 2018

    The United States would have most to lose if it started a trade war with other countries, while China would be better off after retaliating, a simulation by the European Central Bank showed on Wednesday....