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BGMEA taskforce makes little headway

The taskforce formed by the Bangladesh Garments Manufacturers and Exporters Association to ensure fire safety in the garment factories has made little headway as it is working in a slow pace. The BGMEA taskforce visited only four factories in the last one month after its inception, though it had announced to visit 10 apparel factories initially... Full story

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NRB Commercial Bank to get licence on Feb 3

Bangladesh Bank will give final approval for getting licence to NRB Commercial Bank in its next board meeting to be held on February 3, BB officials said on Sunday. They said the names of four more proposed... Full story

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BTRC to go tough on mobile phone operators

The Bangladesh Telecommunication Regulatory Commission is likely to go tough on the mobile phone operators as many subscribers are facing bill shocks after availing themselves of different promotional or campaign offers. BTRC officials said the commission would issue a directive to the mobile phone companies to disconnect the... Full story

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DSE turnover drops to second lowest in five years

Turnover of the Dhaka Stocks Exchange on Sunday dipped to as low as Tk 106.18 crore, the second lowest in the last five years, after four sessions on the up as some investors refrained from trading while others went for sell-offs. Full story

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Reviving growth tops agenda for global elite in Davos

Reviving the global economy and the conflicts in Syria and Mali will top the agenda as world leaders and business chiefs meet this week in the Swiss ski resort of Davos for its annual gathering of international power brokers. Full story

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Potato yield target for south-western districts 2.57 lakh tonnes

The Department of Agriculture Extension has set a target of producing 2,57,564 tonnes of potato from 13,572 hectares of land in south-western districts during this Rabi season, official sources said. Full story

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Apple earnings need to overcome technical malaise

Even though it is widely viewed to be undervalued after hitting an 11-month low this week and nine out of 10 brokerages recommend that investors buy or hold the stock, Apple shareholders could still be in for more rough times if technical strategists are right. Full story

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Bleak winter for Britain’s high-street retailers

Four big British high-street retailers had to call in administrators this winter as cash-strapped, web-literate consumers proved unforgiving of stores failing to adapt to fast-evolving markets. Full story

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Swiss franc dip on euro optimism a boon for Swiss exports

The Swiss franc, long a refuge for crisis-wary investors, has now fallen to its lowest level against the euro in 20 months amid a rosier outlook for the European common currency. Early on Friday, more than 1.25 Swiss... Full story

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Richemont creates jv with China jewellery giant

Swiss luxury goods group Richemont and the world's largest jewellery chain, Chinese Chow Tai Fook, have agreed to create a joint venture, Swiss daily Le Temps reported in its online edition late Saturday. Full story

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US consumer sentiment hits year low in January

US consumer sentiment unexpectedly deteriorated for a second straight month to its lowest in over a year in January, with many consumers citing the recent ‘fiscal cliff’ debate in Washington, a survey released on Friday... Full story

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Japan govt, BoJ getting closer on monetary policy statement

Japanese Economics Minister Akira Amari said on Sunday that the government and the Bank of Japan were getting closer to an agreement on a joint statement on monetary policy expected to be issued next week. Full story

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Russia eyes private boost for Arctic energy

Stalling production and global warming are seeing the Russian government mull breaking up its Arctic energy monopoly and allowing independents to survey some of the world’s most coveted oil and gas fields. Full story

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Liberia puts forest, mines, farmland on sales

Liberia is selling itself slice by slice nine years after a terrible civil conflict finally came to an end, offering valuable resources to the highest bidder even though that could kindle tension among a population that often feels it is being sold out. Full story

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