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Trade war turning out to be a boon for Bangladesh

DHAKA: For the first time in 30 years, Newage Group, a Bangladesh-based garment manufacturer, is sensing an opportunity to sell in the US. And it has President Donald Trump’s battle with China to thank.

Temasek portfolio value rises

Singapore: Temasek Holdings Pte held onto gains in its portfolio amid global trade uncertainties after selling S$28bil (US$20.6bil) of holdings as US equity markets hit record highs and its unlisted assets outperformed.

Japan’s top two regional banks consider tie-up

TOKYO:- Bank of Yokohama and Chiba Bank Ltd are considering a business tie-up, the banks said, after the Nikkei newspaper reported that the two regional lenders would form a comprehensive partnership.

Bank Negara keeps OPR at 3%

PETALING JAYA: Bank Negara has maintained the overnight policy rate (OPR) at 3% following its Monetary Policy Committee (MPC) meeting, as the global economy continues to expand moderately.

Stable inflation: A motorcyclist rides past the Bank Negara headquarters in Kuala Lumpur. For 2019 as a whole, Bank Negara expects average headline inflation to be broadly stable compared to 2018. — AP

UK shops suffer slowest growth over 12 months

LONDON: Sales at British retailers rose at their slowest average pace on record over the past year as worries about Brexit weighed on consumers, a survey showed.

Analysts say US may intervene to weaken greenback

NEW YORK: A growing chorus of Wall Street foreign-exchange analysts is writing about the risk that US President Donald Trump may move beyond words in his quest for a weaker US dollar.