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Bangladesh asks Reserve Fed to help retrieve cash

REUTERS The new governor of Bangladesh’s central bank has sent formal letters to the New York Reserve Fed, as well as central bank, and money laundering chiefs in the Philippines, asking them to help recover its stolen $81 million, a senior central bank official said on Sunday. The news came as Finance Minister Abul Maal Abdul Muhith said the government ...

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British consumers defy weak economy outlook

LONDON / Reuters British consumers are still driving the country’s recovery despite a gloomier outlook for the economy and the approach of the European Union membership referendum, figures showed. Official data showed retail sales fell more gently than expected in February after a bumper January. A separate survey by the Confederation of British Industry (CBI) showed sales volumes fell slightly ...

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Oman to increase air traffic fees in state revenue push

MUSCAT / Reuters Oman’s Public Authority for Civil Aviation (PACA) will raise fees charged for air traffic through the sultanate, the authority’s chief executive Mohammed al-Zaabi told the official Oman News Agency. The decision is part of a series of steps by Oman to strengthen state finances as it grapples with a big budget deficit caused by low oil prices. ...

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