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Alibaba backs Hong Kong’s ‘bright’ future with huge listing

Alibaba chief executive Daniel Zhang has praised Hong Kong’s “bright” future as the Chinese e-commerce giant prepares to list in the embattled financial hub, reports Hong Kong. The firm, which is already traded in the US, hopes to raise up to $13.4bn (£10.4bn) in its secondary listing.That would make it the biggest share sale this year, according to Dealogic. The ...

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NBR awards 142 tax card winners

Dhaka, Nov 14 : A total of 142 national-level tax card winners, including 75 individuals, 57 companies and 10 under other categories have been awarded by National Board of Revenue (NBR). The state revenue collection agency also awarded 521 top district-level taxpayers on the basis of highest or long-term tax payment.  Of them, 374 were selected on the basis of ...

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Asian stocks sink after Trump threatens more China tariffs

Asian stocks sank Wednesday after President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia all declined. Trump said Tuesday agreement on the “Phase 1” deal announced last month “could happen soon.” But he warned he ...

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First-ever Bangladeshi bond debuts on London Stock Exchange

The first-ever Bangladeshi Taka-denominated bond titled “Bangla Bond” amounting equivalent to $10 million has been listed on the London Stock Exchange (LSE) on Monday. The Bangla Bond was listed on the LSE by the International Finance Corporation (IFC), a private sector arm of World Bank, at a ring bell ceremony at 8:00 am London time, said a press release of ...

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Export of onions: India says no to Bangladesh, but yes to Maldives

Though, India stopped exporting onions in Bangladesh, the country vows to export it to Maldives. Despite the crisis at home, Indian government has informed the Maldives that it would continue to export onions to the island nation at the same quantity as before. Maldives is wholly dependent on India for all its essential commodities, reports Times of India. The Indian ...

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Saudi Aramco’s record IPO starts November 17

Saudi Arabia’s state-owned oil giant Aramco’s much-anticipated Initial Public Offering (IPO) will begin on November 17, the company’s prospectus said, without revealing the size of the stake sale or the pricing range, reports AFP. The 658-page document, released just before midnight Saturday, said the final share price will be determined on December 5 — a day after the subscriptions close ...

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EU-Singapore trade deal takes effect November 21

A landmark trade deal between the EU and Singapore, a major hub for European businesses in Asia, will go into effect on November 21, a statement said on Friday. Both sides have praised the deal as a strong rebuke to the rising protectionism that has been championed by US President Donald Trump in Washington. Export powerhouse Singapore is by far ...

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US election 2020: Michael Bloomberg mulls presidential bid

Billionaire businessman Michael Bloomberg is strongly considering entering the race for the US Democratic Party’s presidential nomination. The ex-New York City mayor is concerned the current field of candidates is not good enough to beat Donald Trump in the 2020 election, his adviser says, reports BBC.The 77-year-old is expected to file paperwork this week for the Democratic presidential primary in ...

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Video game addiction: China imposes gaming curfew for minors

China is imposing a curfew on online gaming for minors, the government has announced. Gamers under 18 will be banned from playing online between 22:00 and 08:00. They will also be restricted to 90 minutes of gaming on weekdays and three hours on weekends and holidays, reports BBC. Its part of China’s latest move to curb video game addiction, which ...

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While losses mount, Uber CEO expects profitability in 2021

Photo: In this May 10, 2019, file photo the statue of Fearless Girl stands in front of the New York Stock Exchange before Uber holds its initial public offering. The losses at Uber are mounting, but the ride-hailing heavyweight now predicts it will be profitable in about two years. CEO Dara Khosrowshahi said Monday that the company’s goal is to ...

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