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Business
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Opening of LCs
Govt assures importers of proper steps
Task force to sit to contain prices of essentials
The government yesterday assured that genuine importers have no reason to worry about opening LC for importing commodities as steps are being taken for smooth trading.
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Spot Market Share Trading
SEC directive on 5 firms lifted
Securities and Exchange Commission (SEC) yesterday withdrew the directive on trading of shares in the five companies under spot market, SEC sources said.
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Exporters urged to enhance contacts for tech transfer
US Trade Show 2007 kicks off
Technology excellence is essential for competitiveness in the rapidly globalisation of today's world economy, observed the finance and planning adviser addressing the inaugural of a 3-day US trade show
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China's growth to slow in 2007: WB
China's economic growth is expected to fall to 9.6 percent this year from 10.7 percent last year amid a mild slowdown in exports, the World Bank said Wednesday.
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Oil prices fall
Oil prices fell on profit-taking in Asian trade Wednesday after an international energy watchdog raised its estimate for demand this year, dealers said.
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AKTEL launches 'Power' package
Mobile phone operator AKTEL has launched a new package styled 'Power' under which subscribers will be able to choose as many as five FnF (friend and family) numbers from any operators.
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China urged to speed up currency reform
US Treasury Secretary Henry Paulson said Tuesday the large US trade imbalance with China will remain until "structural issues" are addressed, and urged Beijing to step up the pace of currency reforms.
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Singapore raises 2007 GDP forecast
Singapore on Wednesday raised its economic growth forecast after the economy expanded at a better-than-expected 7.9 percent in 2006, one of the fastest rates in Asia.
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Sony shares rise on chip outsourcing plan
Sony Corp. shares rose over three percent on Wednesday after the company said it was considering outsourcing part of the production of the computer chips used in the PlayStation 3 game console.
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