Volume 5 Number 66 Sat. July 31, 2004    
 
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Floods cast shadow on tea
The rising floodwaters twined with excessive and continual rains have cast a shadow on Bangladesh's tea industry.
 
US slaps up to 67.8pc duties on shrimp from 4 countries
The United States slapped tariffs Thursday on shrimp from Brazil, Ecuador, India and Thailand in the second phase of a probe into a petition alleging "dumping" at artificially low prices.
 
China sees foreign investment remaining flat this year
China said Friday it expects total annual foreign investment flows into the country to remain flat this year, reaching around 50 billion dollars.
 
Oil prices hit new highs on supply fears
US oil prices hit fresh record highs Friday on fears of a disruption in supplies from world number two exporter Russia and doubts over oil cartel Opec's ability to make up for any shortfalls.
 
US economy cools amid shopping slowdown
The US economy braked more sharply than expected in the second quarter as shoppers curbed their free-spending ways amid a sharp advance in energy prices, government data released on Friday showed.
 
Chairman of Mercantile Ins reelected
Abdul Haque has been re-elected chairman of Mercantile Insurance Company Limited for the fourth consecutive year.
 
Karnaphuli Ins declares 16pc dividend
Karnaphuli Insurance Company Limited has declared a 16 percent dividend in the form of bonus share for its shareholders for the year 2003.
 
Reviving Global Trade Talks
Countries barter last-ditch compromise
Trading nations were locked in renewed bargaining Friday as they grappled with the World Trade Organisation's new compromise text aimed at overcoming their resistance to a crucial deal in global trade
 
Economists divided over threat of oil price hike to world growth
The recent surge in the price of oil has once again raised the spectre of an economic slowdown, in particular in the United States, but its impact has divided economists who say a critical factor is the
 
Mandelson tipped to be new EU trade commissioner
Incoming European Commission president Jose Manuel Durrao Barroso wants Britain's Peter Mandelson as the European Union's next trade commissioner, the Independent newspaper reported Friday.
 
Weekly Currency Roundup
July 24-July 29, 2004

Local FX Market
US dollar lost some ground against Bangladeshi taka throughout the week.

 

 
 
   
 
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