Trade & Commerce

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    China slowdown deepens, industrial output growth falls to 17-yr low

    Reuters . Beijing | Updated at 12:00am on September 17, 2019

    The slowdown in China’s economy deepened in August, with growth in industrial production at its weakest 17-1/2 years amid spreading pain from a trade war...

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    Purdue Pharma files for bankruptcy

    Reuters . New York | Updated at 12:00am on September 17, 2019

    OxyContin maker Purdue Pharma LP filed for bankruptcy protection Sunday night, succumbing to pressure from more than 2,600 lawsuits alleging the company helped fuel the...

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    Summer ranges lift H&M’s sales but at a price

    Reuters . Stockholm | Updated at 12:00am on September 17, 2019

    The popularity of its summer ranges helped Sweden’s H&M enjoy its strongest sales growth in three years in local-currency terms but its shares slipped on...

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    July trade deficit eases by 15.6pc

    Staff Correspondent | Updated at 12:00am on September 17, 2019

    Country’s trade deficit dropped by 15.6 per cent or $181 million in July, the first month of the current fiscal year, compared with that in...

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    Business Europe warns no-deal Brexit will be ‘disaster’

    Agence France-Presse . Brussels | Updated at 02:58pm on September 16, 2019

    A shock exit by Britain from the European Union without an agreement would be ‘a disaster’, the European employers’ organisation, Business Europe, warned on Monday...

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    Blame game as wheels come off India’s auto sector

    Agence France-Presse . New Delhi | Updated at 12:26am on September 16, 2019

    When India’s finance minister Nirmala Sitharaman claimed that a preference by millennials for ride-hailing apps was contributing to a painful slump in car sales, it...

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    Thailand says no impact on oil imports following Saudi attacks

    Reuters . Bangkok | Updated at 12:20am on September 16, 2019

    Thailand’s energy minister said on Sunday the drone attacks on oil facilities in Saudi Arabia, the world’s top exporter, would have no impact on Thai...

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    Saudi attacks raise spectre of oil at $100 a barrel: analysts

    Reuters . London | Updated at 12:00am on September 16, 2019

    The oil market will rally by $5-10 per barrel when it opens on Monday and may spike to as high as $100 per barrel if...

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    TCB asked to start onion OMS as prices skyrocket

    Staff Correspondent | Updated at 12:00am on September 16, 2019

    Commerce ministry on Sunday asked Trading Corporation of Bangladesh to start open market sale of onion immediately as the prices of the item skyrocketed to...

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    India government announces Rs 70,000cr scheme for export, housing sectors

    Press Trust of India . New Delhi | Updated at 12:03am on September 15, 2019

    Finance minister Nirmala Sitharaman on Saturday announced an over Rs 70,000 crore package for the export and real estate sectors, including setting up of a...