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European banks fail US ‘stress tests’

Santander and Deutsche Bank have failed a US “stress test” designed to assess whether lenders can withstand another financial crisis, reports BBC.  The review, carried out by the Federal Reserve, gauges whether the biggest banks operating in the US have ...

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Oil prices rebound in Asian trade

Oil prices rebounded in Asia Wednesday following steep losses in the previous session, but analysts said gains were capped by a strengthening US dollar and persistent concerns about a global supply glut, reports AFP. .US benchmark West Texas Intermediate (WTI) ...

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Oil prices down in Asian trade

Oil prices fell in Asia today on a stronger US dollar and ongoing concern about swelling US inventories that are adding to a global supply glut, analysts said, reports AFP.  US benchmark West Texas Intermediate (WTI) dipped 20 cents to ...

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BD imposes 15pc VAT from July next year

Finance Minister AMA Muhith today said that the government would impose 15 percent Value Added Tax (VAT) from July, 2016, reports agency. The decision was made at a meeting between the finance minister and the visiting mission of the International ...

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BB eases loan procedure for cold storages

Bangladesh Bank (BB) on Sunday eased further the procedure of bank loan for the owners of cold storages affected by ongoing political violence, particularly those in the northern region, reports BSS.  The central bank in a circular said the affected ...

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