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Business & Economy

2016
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BUSINESS & ECONOMY : MARCH 2016

Appointments

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Fazle Kabir is appointed as the new Governor of Bangladesh Bank, the countrys central bank.

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Resignations

Miguel Galuccio, the Chief Executive of YPF, Argentina's state oil rm, resigns.
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Mergers, acquisitions and deals

Global merger and acquisition deal tally amounted to dollar 597.4 billion in the January-March period of 2016, down 24
per cent from the corresponding period last year, according to global deal tracking rm Mergermarket.

Other important news

Chinas leadership cuts growth target for its economy to 6.5-7 per cent and opens its oil and telecom industries to private
competitors as part of sweeping reforms aimed at boosting productivity and incomes.

Bill Gates, with a $75 billion fortune tops the 2016 Forbes' Billionaires List. Amancio Ortega is ranked second with $67
billion, followed by Warren Buett, Carlos Slim Helu and Amazons Je Bezos in the top ve.

The Tata Steel Board announces plans to explore options to restructure its UK business.

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