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Business
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Top 20 defaulters owe Tk546cr to Janata Bank
Only Tk10 lakh recovered in 6 months
The top 20 defaulters of Janata Bank (JB) are indebted for Tk 546 crore, which accounts for 33 per cent of the bank's total classified loans.
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India central bank warns of overheating economy
India's central bank warned Tuesday of overheating in one of the world's fastest growing economies as it juggled interest rates in a mid-term policy review aimed at keeping prices in check.
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China steel exports soar
Industry warns against anti-dumping moves
China's steel exports rose steeply in the first nine months as the industry association warned it would actively defend its interests against any anti-dumping measures, state media said Tuesday.
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China-Asean Free trade goal by 2010 reaffirmed
China and the 10-member Association of Southeast Asian Nations (Asean) are determined to establish a Free Trade Area (FTA) by 2010 as scheduled, according to a joint statement issued on Monday.
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UAE group plans $1b investment in S'pore
A United Arab Emirates investment group said Tuesday it plans to invest at least one billion dollars (641 million US) in a real estate development project in Singapore as part of a major expansion into
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Oil prices go high
Oil prices edged higher Tuesday, after tumbling more than $2 a barrel the previous day as traders anticipated that U.S. supply data due out this week would show rising inventories of crude.
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Dollar stages modest rebound
The dollar rose on Tuesday against the euro and the yen before a further batch of US economic numbers, and as dealers digested recent heavy losses to crude oil prices.
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ADB to lend $4b to Indonesia
The Asian Development Bank (ADB) said Tuesday it will provide four billion dollars worth of loans and grants to Indonesia over the next four years under its new assistance strategy.
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Malaysia's palm oil exports to hit new high
Malaysia's palm oil exports are on track to hit a new record this year thanks to strong demand from the global food, biodiesel and oleochemicals industries, a report said Tuesday.
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IBM to set up development centres in India, China
IBM , the world's largest computer services company, said on Tuesday it would set up two new IT solutions centres in India and China, underscoring the Asian countries' growing importance as a hub foroutsourcing.
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Etihad launches non-stop daily flights to New York
Etihad Airways, the national airline of the United Arab Emirates, is continuing to expand its international network of global destinations with the launch of its daily, non-stop service between Abu Dhabi
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