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Oil set for third straight weekly decline amid tariff concerns

LONDON, Feb 7 (Reuters): Oil prices rose on Friday after new sanctions were imposed on Iran's crude exports but were on track for a third straight week of decline, hurt by U.S. President Donald Trump's renewed trade war on China and threats of tariffs on other countries.Brent crude futures were...

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BD is in stable forex regime

With the interim government in place for six months after the changeover of power following the August uprising, the country's foreign exchange market is currently witnessing a stable condition due to healthy flow of inward remittances and considerable foreign aid receipts alongside visible preventive measures against money laundering."For the exchange...

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496 foreign commercial ships docked at Mongla Port in 7 months

BAGERHAT, Feb 7 (UNB) : The number of foreign commercial ships arriving at Mongla Port has increased compared to the previous year.In the first seven months of the 2024-2025 financial year, a total of 496 ships docked at Mongla Port, said the port's Public Relation Deputy Director Md Makruzzaman.During this...

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India central bank delivers first rate cut since 2020

MUMBAI, Feb 7 (AFP) : India's central bank cut interest rates Friday for the first time in nearly five years, as concerns over a growth slowdown in the world's fifth largest economy outweighed inflation risks.The Reserve Bank of India (RBI) said the benchmark repo rate, the level at which it...

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US job growth takes a breather, unemployment rate at 4.0pc

WASHINGTON, Feb 7 (Reuters): US job growth slowed more than expected in January after robust gains in the prior two months, but a 4.0% unemployment rate probably will give the Federal Reserve cover to hold off cutting interest rates at least until June.The Labour Department's closely watched employment report on...

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