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Telenor unit calls Bangladesh moves to curb access ‘illegal’

Bloomberg Grameenphone, the Bangladesh division of Norway’s Telenor Group, said the local telecom regulator’s move to restrict internet bandwidth for its services was “illegal,” as the company continues to pursue arbitration over an audit demand of nearly $1.5 billion. Bangladesh’s largest mobile company said at a press conference the regulator’s move to restrict internet access was “specially designed to put ...

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Hong Kong’s richest lose $19b since June 23

Bloomberg Hong Kong’s wealthiest people are starting to feel the pain from nine weeks of protests that have jammed the financial hub’s streets, weighed on economic growth and battered local stock prices. The 10 richest tycoons who derive their fortunes from Hong Kong-listed companies have seen their net worth tumble by $19 billion since July 23, according to the Bloomberg ...

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Australia’s trade surplus swells to record

Bloomberg Australia’s trade surplus rocketed to a fresh record in June as iron ore receipts pushed even higher and a falling international oil price lopped a chunk off imports. The windfall swelled to A$8 billion, a third higher than May’s upwardly revised A$6.2 billion, data from the Australian Bureau of Statistics showed on Tuesday. Iron ore sales climbed to A$9.5 ...

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