Money Digest

Bangladesh sees remittances fall nearly 14.19pc

Remittances from millions of non-resident Bangladeshis in July-May period of the current fiscal year 2016-17 ending this month totaled $11.55 billion, a central bank official said on Thursday.

Xinhua, Jun 23 2017

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Malaysia foreign reserves up 0.71pc to $98.7b

Malaysia’s central bank, Bank Negara, said Thursday that its international reserves amounted to 436.1 billion ringgit ($98.7 billion) as of June 15.

Xinhua, Jun 23 2017

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Airbus concedes defeat to Boeing

Airbus conceded defeat to arch-rival Boeing at the Paris Airshow on Thursday as a last-minute haul of almost 100 orders, including new interest from Iran, failed to close a gap opened up by the launch of Boeing’s new 737 model.

Reuters, Jun 23 2017

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Accenture beats Q3 estimates

Consulting and outsourcing services provider Accenture Plc reported a better-than-expected quarterly revenue on Thursday, as the company’s investments to boost its digital and cloud services pay off.

Reuters, Jun 23 2017

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Tesco to axe 1,100 UK jobs

Britain’s biggest retailer, supermarket giant Tesco, said on Wednesday it plans to cut 1,100 jobs with the closure of a call centre in the Welsh capital Cardiff.

AFP, Jun 23 2017

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New Zealand keeps interest rate at record low

New Zealand’s central bank left its base rate at a record low of 1.75 percent on Thursday, saying long-term inflation forecasts remained on target.

AFP, Jun 23 2017

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