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    Economists slam govt for approving so many banks

    Staff Correspondent | Updated at 12:00am on October 28, 2018

    Economists on Saturday criticised the government for giving approval to so many banks in the country and said that governance in the financial sector was at stake.

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    Stocks dip for 2nd week on political worries

    Staff Correspondent | Updated at 12:00am on October 28, 2018

    Dhaka stocks plunged for the second week amid a fall in the prices of more than two-thirds of the traded scrips as polls-centric worries dragged down share prices significantly before the regulator’s intervention....

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    India central bank, govt in open loggerheads

    Reuters . Mumbai | Updated at 12:00am on October 28, 2018

    In a sign of a mounting policy struggle between India’s central bank and the government of prime minister Narendra Modi, a top bank official warned on Friday that undermining a central bank’s independence could be ‘potentially catastrophic’....

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    StanChart group chair visits Bangladesh

    Business Desk | Updated at 12:00am on October 28, 2018

    Standard Chartered PLC group chairman Jose Vinals has visited Bangladesh recently, said a press release....

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    China’s industrial profits growth slows for 5th month as orders wane

    Reuters . Beijing | Updated at 12:00am on October 28, 2018

    Profit growth at China’s industrial firms slowed for the fifth consecutive month in September as sales of raw materials and manufactured goods further ebbed, pointing to cooling domestic demand in the world’s second-biggest economy....

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    Fitch warns of ‘uncertainty’ over Brexit

    Agence France-Presse .New York | Updated at 12:00am on October 28, 2018

    Ratings agency Fitch on Friday maintained Britain’s long-time AA debt rating, but warned of risks connected to a potentially difficult Brexit transition....

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    Mixed US inflation signals leave investors adrift

    Reuters | Updated at 12:00am on October 28, 2018

    US quarterly earnings reports this month were supposed to give investors clarity about the health of Wall Street’s rally this year....

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    S&P 500 ends at lowest since May as tech, internet stocks tumble

    Reuters . New York | Updated at 12:00am on October 28, 2018

    The S&P 500 ended at its lowest level since early May on Friday and flirted with correction territory after technology and internet shares sold off further, capping another volatile week for US stocks....

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    S&P downgrades Italy debt outlook, raising pressure in budget stand-off

    Agence France-Presse . Milan | Updated at 12:00am on October 28, 2018

    The ratings agency S&P on Friday downgraded its outlook for Italy’s sovereign debt but left its credit rating untouched, upping the pressure on Rome amid a stand-off with Brussels over its budget....

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    China regulator urges Beijing banks not to force liquidation of pledged shares

    Reuters . Shanghai | Updated at 12:00am on October 28, 2018

    China’s banking and insurance regulator has urged lenders in Beijing to avoid forced liquidation of pledged shares, as part of efforts to help stabilise the country’s stock market, Chinese financial magazine Yicai reported, citing sources....

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