Volume 5 Number 73 Sat. August 07, 2004    
 
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Floods taking toll on tourism
The floods are taking toll on Bangladesh's fledging tourism sector as occupancy rate in hotels and guesthouses drops.
 
Soaring oil prices scorch world stock markets
Global stock markets recoiled Friday as oil prices shot to record high levels on worries about possible supply disruptions caused mainly by financial crisis at Russian oil giant Yukos, analysts said.
 
Indian inflation hits 3-year high, spurs rate hike talk
India's inflation rate hit its highest level in three and a half years for the week ended July 24, driven mainly by rising food prices triggered by a dry spell in key food-growing regions.
 
Australian PM opens way for compromise on free trade pact with US
Prime Minister John Howard paved the way Friday for a compromise to end a political standoff over Australia's free trade deal with the United States, saying the pact was more important than temporarypolitical
 
HSBC buys 19.9pc stake in Chinese bank
Global banking giant HSBC agreed Friday to pay 1.75 billion dollars to buy a 19.
 
Premier Bank Appoints agent to market its car loan scheme
The Premier Bank Limited has appointed Fair Trade as an agent of the bank for marketing its car loan scheme.
 
Fisons declares 200pc dividend
Aventis Group holds AGMs
Fisons (Bangladesh) Limited, a concern of Aventis Group, has declared 200 percent dividend for its shareholders for the year 2003.
 
India, US businesses propose FTA in services sector
Indian and US business leaders have proposed a free trade agreement in the services sector that would boost India's outsourcing industry while further opening its economy, an official said Friday.
 
Proton buys auto plant in Indonesia, plans foray into China
Malaysia's national carmaker Proton said Friday it has acquired an auto assembly plant in Indonesia for 18 million dollars as part of its expansion into Southeast Asia and was making plans to penetrate
 
LG Caltex workers end strike
Workers at LG Caltex Oil Corp., South Korea's leading oil refiner, ended their their three-week-old strike Friday and prepared to return to work.
 
Weekly Currency Roundup
July 31-August 05, 2004

Local FX Market
US dollar was stable against Bangladeshi taka in the beginning of the week.

 

 
 
   
 
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