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Equities, pound and oil sink in Asia on trade and Brexit woes

Asian equities tumbled Thursday as China-US trade frictions continue to dog investors, while the pound hit a fresh-four-month low on Brexit worries and energy firms were battered by plunging oil prices. Markets across the region were in the red as traders ran to the hills, with no signs of a break in the tariffs stand-off between the world’s top two ...

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Saudi Aramco to buy liquid natural gas from US company

Photo: Khaled al-Otaiby, an official of the Saudi oil company Aramco, watches progress at a rig at the al-Howta oil field near Howta, Saudi Arabia. New York, May 23 : Saudi Arabia’s state owned oil company will begin buying liquid natural gas from a U.S. company under a 20 year agreement, reflecting the shifting dynamics in the world’s energy markets. ...

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Bangladesh single country fair in Lebanon June 20-22

The embassy of Bangladesh to Lebanon is going to organise a three-day ‘Bangladesh Single Country Trade Fair’ at a hotel in Beirut from June 20 to 22 for expanding the market of the Bangladeshi products in that country. “There are huge potentialities of the Bangladeshi products in the Lebanon market. So, Bangladeshi business entities will take part in the tradeshow ...

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Beximco communications launches AKASH DTH

Beximco Communications Limited has launched a world standard Direct to Home (DTH) service in the country under the brand name- ‘AKASH’ on Thursday, May 16, 2019. Photo: Courtesy Dhaka, May 16 : Beximco Communications Limited has launched a world standard Direct to Home (DTH) service in the country under the brand name- ‘AKASH’ on Thursday. AKASH, is the first and ...

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Asian stocks follow Wall Street higher

Photo: A currency trader watches the computer monitors near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Wednesday, May 15, 2019. Beijing, May 15 : Asian stocks followed Wall Street higher Wednesday after President Donald ...

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Power generation witnesses a record 12,412MW: PDB

Power generation witnesses a record high as much as 12,412MW gave people relief from the heat wave that is sweeping over parts of Bangladesh after rains triggered by cyclone ‘Fani’. As there is no shortage in power generation, the Power Development Board (PDB) has streamlined the power distribution system to bring down the power cuts to almost zero level across ...

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Asian shares mostly lower amid jitters ahead of trade talks

Asian shares were mostly lower Thursday amid investor jitters ahead of the latest round of trade talks between the U.S. and China. Japan’s benchmark Nikkei 225 was down 1.3% in early trading to 21,333.22. Australia’s S&P/ASX 200 gained 0.4% to 6,291.60. South Korea’s Kospi dropped 1.0% to 2,145.82. Hong Kong’s Hang Seng lost 1.6% to 28,549.70, while the Shanghai Composite ...

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China’s April exports fall amid US tariff war; imports rise

Photo: workers wrap fibreglass next to the robot arms at a factory in Jiujiang in central China’s Jiangxi province. Beijing, May 8 : China’s exports fell unexpectedly in April, adding to pressure on Beijing ahead of negotiations on ending a tariff war with Washington over Chinese technology ambitions. Wednesday’s announcement of trade data came after President Donald Trump sent global ...

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India, China join hands on oil

India and China are working closely on common trade concerns, including cooperation in buying oil and gas, against the backdrop of a US squeeze through tariffs and sanctions on Iranian oil imports, officials with direct knowledge of the matter said. Efforts have been made by the world’s second- and third-largest oil importers to find common ground and energy cooperation is ...

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