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Panama Canal expects fewer China, US ships, if trade war escalates

PANAMA CITY, Sept 16 (Reuters): Fewer ships from China and the United States (US) could use the Panama Canal if trade tensions escalate between the two economic giants, but the dip could be offset by grain exports from north Brazil, the head of the organisation that operates the waterway said.The...

Managing Director & CEO of Janata Bank Limited Md Abdus Salam Azad speaking

Managing Director & CEO of Janata Bank Limited Md Abdus Salam Azad speaking as the chief guest at the inaugural session of a 12-day 'Managers' Induction Course' organised by Janata Bank Staff College (JBSC), Dhaka on Saturday. Principal (GM) of JBSC Kazi Golam Mostafa was also present on the occasion

Brazil exports 80pc of soy to China in Jan-Aug

SAO PAULO, Sept 16 (Reuters): Brazil exported 50.9 million tonnes of soybeans to China from January to August, or 78.8 per cent of its total exports of the oilseed, as a trade war with the US drives up the Asian nation's demand for soy from alternative sources.That compares with 44.1...

‘Islamic banks face outdated property rules’

RIYADH, Sept 16 (Reuters): Regulators overseeing Islamic banking must revise guidance on real estate exposures to align with the post-financial crisis capital rules of Basel III, a global industry body said on Sunday.The Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI) said treatment of real estate across Islamic...

Physical gold buying wanes in major Asian centres

BENGALURU, Sept 16 (Reuters): Physical gold buying waned in major Asian centres this week as bullion prices rebounded from recent lows, with dealers in India offering the metal at a discount for the first time in over a month as an uptick in local rates moderated demand.In India, the world's...

Saudi Arabia to auction detained tycoon’s real estate assets

RIYADH, Sept 16 (Reuters): Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of riyals due to creditors, sources familiar with the matter told the news agency.Sanea, ranked by Forbes in 2007 as one of the world's...