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Exports smash record in July, fetch $3.89b

Exports brought home record amounts in July, in a development that will bring a huge sigh of relief for the government battling sizeable balance of payments deficit.

Sonali, Rupali MDs swap seats, Agrani’s MD unchanged

The managing directors of Sonali Bank and Rupali Bank yesterday swapped seats for the next three years, in what can be viewed as a baffling round of musical chairs.

Huawei founder details ‘battle mode’ reform plan to beat US crisis

China’s Huawei will spend more on production equipment this year to ensure supply continuity, cut redundant roles and demote inefficient managers as its grapples with a “live-or-die moment” in the wake of US export curbs, founder Ren Zhengfei said.

White House mulling tax cut to avoid recession

The White House is considering cutting taxes or reversing tariffs to head off a recession, US media reported on Monday, despite President Donald Trump’s insistence the economy was in rude health.

Visa critical of India’s move towards no-fee debit card transactions

Global card payments group Visa is critical of the Indian government’s decision to boost adoption of electronic payments by requiring banks and card payment networks to offer no-fee debit card transactions, a senior Visa executive said.

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