Vol. 5 Num 880 Sat. November 18, 2006    
 
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Business
 
DSE Weekly Roundup
Turnover down 28.73pc
As trading on Dhaka Stock Exchange (DSE) took place only for three days last week against four days in the previous week, the turnover in terms of value on the premier bourse dropped by 28.73 percent.
 
Bangla-UAE garment plant to invest $25m in Adamjee EPZ
Bangladesh and United Arab Emirates (UAE) will invest US$25 million for setting up a garment manufacturing plant in Adamjee Export Processing Zone (EPZ).
 
3-day int'l medical fair in Dhaka from Dec 7
The Fourth International Medical Equipment and Healthcare Services Exposition Medexpo 2006 will be held at the Winter Garden of Dhaka Sheraton Hotel from December 7 to 9, 2006, says a press release.
 
Apec Meet
Do more to fight global poverty
China's president urges business
Chinese President Hu Jintao on Friday urged business to do more to fight global poverty and said development aid should come with "no strings attached.
 
Crude prices at lowest Asian levels in 17 months
Global crude prices plunged in Asian trade to their lowest level in 17 months Friday.
 
US calls for freer yuan ahead of G20 meet
The United States called on China on Friday to allow its currency to trade more flexibly as the world's biggest economic powers gathered for talks on global imbalances and a range of pressing economic
 
Dubai's annual IT show starts today
Dubai's annual information technology shopping extravaganza opens today with some 120,000 visitors expected over five days.
 
Russia opens eye on Asian trade at Apec
Russian trade, traditionally aimed at Europe and the former Soviet republics, is shifting to Asia as the energy-rich giant wakes to the economic potential of the booming region, officials said Friday.
 
Citigroup observes 'Global Community Day' today
Citigroup, one of the world's leading financial institutions, is going to observe 'Global Community Day' in Bangladesh today with other 100 countries where the company has operations, says a press release.
 
Emirates unveils packages for Dubai Shopping Festival
Emirates, key sponsor and official airline for the Dubai's annual shopping and entertainment extravaganza, the Dubai Shopping Festival, is offering attractive hotel packages for the visitors, says a press
 
Citigroup wins $3.1b bid for China bank
Citigroup, the United States's largest bank, said Thursday it won a 3.1-billion-dollar bid for China's troubled Guangdong Development Bank after a protracted battle against France's Societe Generale.
 
Bangkok, Hanoi agree on pooling rice
Thailand and Vietnam have reached a preliminary agreement on pooling their rice trade to the tune of 2 million tonnes a year, in order to prevent price cutting, Thai Commerce Minister Krirk-krai Jirapet
 
Nissan wants to boost North American production
The chief of French-Japanese group Renault-Nissan wants to boost Nissan's North American automobile production given the sales forecast for the next five years, the Wall Street Journal reported on its
 
GM aims to grab 10pc of Asian market
General Motors Corp., its market share shrinking at home, is turning to Asia to boost its profits, and aims to capture 10 percent of the region's market by 2010, the U.S.
 
Dollar firm
The dollar firmed against the euro and the yen on Friday, supported by receding concerns of an impending reduction in US interest rates, dealers said.
 
Weekly Currency Roundup
November 12-November 16, 2006
Local FX Market

Demand for US dollar was stable in throughout the week and USD rose against Bangladeshi taka.

 

 
   
 
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