Bangladesh needs to diversify its export products, including light engineering and pharmaceuticals, and explore new market opportunities to face challenges after its graduation from least developed country (LDC) status, said the World Bank country director for Bangladesh and Bhutan. Abdoulaye…
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European stock markets are expected to open higher on Wednesday, with sentiment boosted by the strong close on Wall Street overnight ahead of the release of inflation reports from Germany and Spain. At 02:00 ET (06:00 GMT), the DAX futures…
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The US Federal Reserve chairman has said the central bank will continue to raise interest rates “if appropriate” as inflation remains “too high”. Jerome Powell told an annual gathering of central bankers that the pace of price rises had fallen…
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Shares of 3M Company (MMM) rose nearly 5% on Monday after the Wall Street Journal reported the company was close to a settlement on claims from hundreds of thousands of veterans over faulty earplugs. 3M would pay $5.5 billion in the settlement,…
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(Bloomberg) — China’s economy was meant to drive a third of global economic growth this year, so its dramatic slowdown in recent months is sounding alarm bells across the world. Policymakers are bracing for a hit to their economies as…
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KEY POINTS The BRICS economic coalition of emerging markets has decided to extend membership invitations to six nations. The BRICS alliance — which presently reunites Brazil, Russia, India, China and South Africa — is set to invite Argentina, Egypt, Ethiopia,…
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The investments made by Savings and Credit Cooperative Organisations in unit trust funds, reasonable interest rates registered by savers and strong product uptake among low-income earners are attributed to notable unit trust account balances held by Ugandan savers compared to…
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Aug 22 (Reuters) – Shares of several U.S. banks fell on Tuesday, the day after ratings agency S&P Global followed Moody’s in cutting its credit ratings on some regional lenders with high commercial real estate (CRE) exposure. S&P’s action will…
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The Second China-Africa Economic and Trade Expo (CAETE) in Changsha, capital city of central China’s Hunan Province, is poised to maximize cooperation opportunities between China and Africa. At the expo, South African Ambassador to China Siyabonga Cwele gave an interview to ChinAfrica, highlighting…
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The expansion of the club of five is set to top the agenda when the BRICS nations convene in the South African city of Johannesburg on Tuesday. More than a handful of hopefuls — 23 in fact, including Saudi Arabia, Indonesia, Iran, Argentina and Ethiopia…
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