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Australia, Japan to sign trade pact by March

TOKYO, Jan 18 (Reuters): Australia and Japan are committed to signing an Asia Pacific trade deal by March with countries in the region ready to forge a pact to replace the derailed Trans Pacific Partnership (TPP), Australian Prime Minister Malcolm Turnbull said on Thursday"Prime Minister (Shinzo) Abe and I are...

Tea prices edge down at weekly auction

Tea prices in Bangladesh edged down at the weekly auction on Tuesday on tepid demand from buyers, though tight supplies and strong demand for quality leaf capped the decline, reports Reuters.Bangladeshi tea fetched an average price of Tk 235.22 ($2.80) per kg at the auction, compared with a revised price...

S Korea’s Incheon airport opens new terminal before Olympics

SEOUL, Jan 18 (AFP): South Korea's main international gateway Incheon airport opened its second terminal on Thursday, significantly increasing its capacity three weeks before the start of the Winter Olympics, airport authorities said.More than 300,000 tourists are expected to enter the country through Incheon during next month's Games and the...

SBS Logistics achieves business agility with Infor

SINGAPORE: Infor, a leading provider of industry-specific cloud applications, announced on Thursday that SBS Logistics Singapore Pte Ltd achieved significant improvement in operational efficiencies, cost savings and quality assurance with implementation of Infor SunSystems. The Singapore-based company provides services such as freight forwarding, drayage, truck transportation and warehouse according to...

Gold inches higher as dollar gains

LONDON, Jan 18 (Reuters): Gold edged higher on Thursday after hitting its lowest in nearly a week as the dollar pared gains, but analysts said bullion was vulnerable to more losses.Spot gold was up 0.2 per cent at $1,330.01 per ounce by 1100 GMT. Earlier in the session, it touched...

Indian chamber increases sugar output estimate

MUMBAI, Jan 18 (Reuters): India is likely to produce 26.1 million tonnes of sugar in the 2017/18 marketing season that started on Oct. 1, up nearly 4 per cent from the previous estimate, a trade body said on Thursday, as a good monsoon pushed up cane yields.This rebound in output...

Oil steady above $69 a barrel

LONDON, Jan 18 (Reuters): Oil held steady above $69 a barrel on Thursday, supported by falling inventories of crude and threats of an attack on Nigeria's petroleum industry, although a reported rise in US fuel supplies weighed.Crude is within sight of its highest since December 2014, supported by supply cuts...

Bangladesh Krishi Bank Managing Director paying homage to Father of the Nation

Bangladesh Krishi Bank Managing Director Mohammad Helal Uddin paying homage to Father of the Nation Bangabandhu Sheikh Mujibur Rahman at his grave at Tungipara by placing a bouquet on Wednesday.