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Business
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Drop in Revenue, Foreign Aid
Govt's domestic borrowing rises 127pc in 9 months
The government's domestic borrowing went up by 127 percent during the first nine months (July-March) of the current fiscal year (2006-2007) due to cutback in revenue and foreign aid.
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US Nominee for World Bank Chief
Zoellick a consensus builder in trade, foreign affairs
Robert Zoellick, US President George W Bush's nominee to head the World Bank, is a former top diplomat and trade chief with a reputation for building consensus on issues ranging from German unification
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WB okays $15m for rickshawpullers
The World Bank Thursday approved additional financing of US$15 million to support rickshawpullers in Bangladesh, who have been adversely affected by a ban on non-motorised transport (NMT) on certain roads
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Indian economy crosses trillion dollar mark
Powered by growth in services and manufacturing sectors, coupled with an appreciating rupee, India's economy has swelled to a trillion dollar - making it the 12th nation to reach this milestone.
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Indian inflation eases to 10 months low
Wholesale price inflation in India eased to a 10-month low in May led by lower prices for food staples such as cooking oil, official data showed on Friday. The weekly wholesale price index rose 5.
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Volkswagen, Proton talks fail: KL
Malaysia's Prime Minister Abdullah Ahmad Badawi said talks with Volkswagen to forge a strategic alliance for national carmaker Proton have failed, as the besieged firm posted massive losses.
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SriLankan halts domestic air service
Sri Lanka's national carrier is suspending its domestic air service due to deteriorating security and a drop in foreign visitors, the airline's chief executive said Friday.
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Honda to double sale to Europe this year
Japanese car maker Honda Motor Co said Friday that it expected to export 42,000 Jazz model cars made in China to Europe this year, up sharply on last year's shipments of 24,600.
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BGMEA-Alico deal
RMG employees under group insurance
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and American Life Insurance Company (Alico) have signed an agreement to bring officials and employees of all garment units under group
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Canada economy leaps ahead
The Canadian economy grew 0.9 percent in the first quarter of the year, or at an annualized pace of 3.7 percent, and more than twice the rate of the prior quarter, Statistics Canada said Thursday.
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Lamy urges G8 to 'just do it' on trade talks
WTO director general Pascal Lamy stressed on Friday the growing urgency of making a breakthrough in struggling free-trade talks, urging leaders of the Group of Eight richest countries to "just do it".
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China blasts US paper duty
The United States' decision to impose anti-dumping duties on gloss paper imports from China, South Korea and Indonesia on Wednesday will hurt trade relations and won't help American paper manufacturers,
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US adds 157,000 jobs
US employers added 157,000 jobs in May, the Labor Department said Friday in a sign of acceleration in the world's biggest economy. The unemployment rate held steady at 4.5 percent, the agency said.
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