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    US, China agree to first trade steps under 100-day plan

    Reuters . Washington/Beijing | Updated at 10:01pm on May 12, 2017

    The United States and China have agreed to take action by mid-July to increase access for US financial firms and expand trade in beef and chicken among other steps as part of Washington’s drive to cut its trade deficit with Beijing....

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    Nasrul urges European entrepreneurs to invest in Bangladesh

    United News of Bangladesh . Dhaka | Updated at 09:59pm on May 12, 2017

    State minister for power and energy Nasrul Hamid has urged the European entrepreneurs to invest in Bangladesh taking the business opportunity prevailing here as the country needs $50 billion investment in power and energy sector...

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    90pc MFs trading below face value

    HM Murtuza | Updated at 09:58pm on May 12, 2017

    Most of the mutual funds were trading below face value since the market crash in 2010-11 even after the market surge in last one year, mainly due to the stakeholders’ lack of efforts to attract investors....

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    Vision Fan production to double by 2018

    HM Murtuza . back from Habiganj | Updated at 09:53pm on May 12, 2017

    RFL Electronics Ltd, a concern of Rangpur Foundry Limited (RFL), has planned to increase the production of Vision Fan, a signature brand of the company, with a view to meeting a growing demand for the product in the domestic market....

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    IBBL vice-chair claims facing pressure to resign

    Staff Correspondent | Updated at 09:53pm on May 12, 2017

    Islami Bank Bangladesh Ltd vice-chairman Syed Ahsanul Alam Parvez claimed that he had been threatened and asked to step down from the bank’s board....

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    Price of sugar goes up

    Staff Correspondent | Updated at 09:53pm on May 12, 2017

    The price of sugar increased further in the city’s kitchen markets over the week as wholesalers hiked the price of the item citing supply shortage...

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    BB issues guidelines on banks’ credit card operation

    Staff Correspondent | Updated at 09:53pm on May 12, 2017

    Bangladesh Bank has asked the scheduled banks not to impose rate of interest on credit cards more than five per cent on the highest rate of interest they (banks) offer for other consumer loans....

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    Shadow banking activity continues to grow

    Reuters . London | Updated at 10:26pm on May 10, 2017

    Growth in global bond, real estate and money market funds continues to swell the world’s ‘shadow banking’ sector, which provides credit outside the regulated banking system and plugged a market gap opened up by eurozone banks cutting back on their lending, according to the global Financial Stability Board....

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    Steel millers demand continuation of 5pc VAT on rod prices

    Staff Correspondent | Updated at 10:25pm on May 10, 2017

    The re-rolling mills owners on Wednesday demanded for lowering the VAT to highest 5 per cent from 15 per cent stipulated in the new VAT law...

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    Amazon trounces rivals in battle of shopping ‘bots’

    Reuters . San Francisco | Updated at 10:23pm on May 10, 2017

    Earlier this year, engineers at Wal-Mart Stores Inc who track rivals’ prices online got a rude surprise: the technology they were using to check Amazon.com several million times a day suddenly stopped working....

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