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Kazakhs vote as economy struggles amid oil slump

Astana / Bloomberg Kazakhs are going to the polls in early parliamentary elections called after President Nursultan Nazarbayev warned of a “real crisis” facing the Central Asian nation because of the slump in oil prices. Six parties are competing for 98 elected seats in the 107-member parliament, which also has nine appointed delegates. Voting on Sunday begins at 7 a.m. ...

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India jewellers call off strike against excise tax

New Delhi / Bloomberg Jewellers in India, the world’s second-biggest gold consumer, ended a strike to protest against a new tax announced in the budget after the government assured them the charges won’t lead to harassment by authorities. The strike, which started on March 2, ended after the government agreed not to “trouble the industry” over the excise levy, Ketan ...

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B’desh US$81mn heist exposes Philippine dirty money secrets

Manila / AFP When mystery hackers launched a stunning raid on Bangladesh’s foreign reserves, a plot worthy of a John le Carre spy novel was sparked in the Philippines, exposing the Southeast Asian nation as a dirty money haven. The $81 million stolen from the Bangladesh central bank’s American accounts last month was immediately sent via electronic transfer to the ...

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