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Chinese yuan weakens to new 8-year low against USD

BEIJING, Nov. 25 (Xinhua) — The Chinese currency, the renminbi or the yuan, continued to depreciate Friday against the U.S. dollar to hit its weakest point since June 2008. The central parity rate of the Chinese yuan weakened for the third straight trading day by falling 83 basis points to 6.9168 against the U.S. dollar […]

China’s role needed for truce in Myanmar

Fighting has resumed in northern Myanmar in recent days. As fierce clashes broke out between Myanmar government troops and ethnic armed forces, thousands of Myanmar people have flooded across the border into China. Work and life for Chinese residents in the border area have been seriously disturbed, writes an editorial piece of Global Times. One […]

Cost of Brexit to UK economy is 58 bln pounds: OBR

LONDON, Nov. 24 (NsNewsWire) — The cost of Brexit to the UK economy will be 58 billion pounds (about 72 billion U.S. dollars), according to figures released on Wednesday in the wake of the government’s annual autumn financial statement. The OBR, the economic forecaster set up by the UK government, unveiled the full range of […]

U.S. president-elect Trump chooses South Carolina Gov. Nikki Haley as UN ambassador

WASHINGTON, Nov. 24 (NsNewsWire) — U.S. President-elect Donald Trump on Wednesday named Nikki Haley, governor of South Carolina and a former critic, as his choice for U.S. ambassador to the United Nations. “Governor Haley has a proven track record of bringing people together regardless of background or party affiliation to move critical policies forward for […]

Iraqi troops, paramilitary forces entirely encircle Mosul

MOSUL, Iraq, Nov. 24 (NsNewsWire) — The Iraqi security forces and allied paramilitary units, known as Hashd Shaabi, on Wednesday completely encircled the city of Mosul, while the troops continued operations to clear the Islamic State (IS) militants in and out of Mosul after more than a month since a major offensive was launched, the […]

Samsung Electronics opens new Brand Shop in Rampura.

Dhaka, Nov. 24 (NsNewsWire) — Samsung Electronics Bangladesh has opened a new Brand Shop into cater the needs of people of Rampura and adjacent areas with genuine Samsung products under one roof. The location of the brand shop is in 360 East Rampura, D.I.T Road, Dhaka-1219. The 1,200 sq ft shop, is showcasing the entire […]

Bangladesh’s 2nd largest mobile operator Robi sees revenue up 11.5 pct in Q3

DHAKA, Nov. 24 (NsNewsWire) — Bangladesh’s second largest mobile phone company Robi has reported an 11.5 percent year on year increase in revenues for the 3rd quarter of this year. The company, a joint venture between Axiata Group of Malaysia, Bharti Airtel of India and NTT Docomo Inc. of Japan, said in a statement in […]

Emergency response to Gender-based violence

DHAKA, Nov. 24 (NsNewsWire) — The Secretary of the Ministry of Women and Children Affairs, Ms Nasima Begum has formally launched the establishment of the Gender Based Violence Cluster, following the approval from the Ministry of Disaster Management and Relief (MoDMR) of Bangladesh. Guided by the principles for the global Cluster Approach it is led […]

Chinese yuan slips again as depreciation pressure remains

BEIJING, Nov. 23 (Xinhua) — The Chinese yuan slipped again on Wednesday after ending its 12-day losing streak Tuesday. The central parity rate of the currency weakened 125 basis points to 6.8904 against the U.S. dollar, according to the China Foreign Exchange Trading System. Analysts attributed the decline to lingering depreciation pressure caused by rising […]