Banking

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    Defaulted loans go up

    HM Murtuza | Updated at 12:00am on August 26, 2019

    Defaulted loans in the country’s banking sector rose by Tk 18,513.17 crore during the first half of the year 2019, including the new addition of...

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    IMF meets with Argentina treasury minister, central bank president

    Reuters . Buenos Aires | Updated at 12:00am on August 26, 2019

    Top Argentine finance officials met with a team from the International Monetary Fund on Saturday, the Treasury Ministry said, while tens of thousands of supporters...

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    Central bankers face political shocks, hope to avoid the worst

    Reuters . Jackson Hole | Updated at 12:00am on August 26, 2019

    Global central bank chiefs know their job is to keep the economy out of the ditch. What became clear at the US Federal Reserve’s central...

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    No more recapitalisation fund for SoBs: Mustafa

    Staff Correspondent  | Updated at 12:00am on August 26, 2019

    Finance minister AHM Mustafa Kamal on Sunday said that there would be no more recapitalisation of four state-owned commercial banks with public money. The banks...

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    India rolls back tax hike on investors, outlines steps to boost sentiment

    Reuters . New Delhi | Updated at 12:00am on August 25, 2019

    India is rolling back recent tax hikes on foreign and domestic equity investors and is accelerating a capital infusion of $10 billion into state-run banks,...

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    Enraged Trump likens Fed chief to ‘enemy’ China

    Reuters . Jackson Hole | Updated at 12:00am on August 25, 2019

    Federal Reserve chair Jerome Powell said the central bank would ‘act as appropriate’ to keep the US economy healthy in a deteriorating global economy, but...

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    UK economy headed for stagnation in Q3: BoE chief

    Reuters . Jackson Hole | Updated at 12:00am on August 25, 2019

    Bank of England governor Mark Carney said Britain’s economy appeared to be on course to stagnate in the current quarter, and underlying growth still looked...

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    Sri Lanka cuts rates as economy struggles

    Agence France-Presse . Colombo | Updated at 12:00am on August 24, 2019

    Sri Lanka's central bank cut its main lending rate Friday for the second time in three months hoping to lift the economy as its struggles...

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    US investors look at dollar stores as recession fears increase

    Reuters . New York | Updated at 12:00am on August 24, 2019

    More investors are watching the shares of discount retailers like Dollar General Corp and Dollar Tree Inc, which perform better during economic downturns, in the...

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    China likely to hold MLF rate on Monday

    Reuters . Shanghai | Updated at 12:00am on August 24, 2019

    China is likely to keep a key loan rate steady next week, but a cut is expected by mid-September after a policy review by the...

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