Vol. 5 Num 1053 Sat. May 19, 2007    
 
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Business
 
ADB calls for capacity building of Dhaka-Ctg transport corridor
Warns any failure to cost 20pc of foreign trade potential
Improving capacity of the Dhaka-Chittagong Transport Corridor is an enormous challenge for Bangladesh, said the Asian Development Bank (ADB) giving a note of warning that in case of any failure to build
 
Utilise duty-free access facilities to Australia
Bangladesh envoy in Canberra urges local firms at Sydney show
Bangadeshi businesses should take the advantage of duty-free access of products from least developed countries (LDCs) to Australia, said Bangladeshi High Commissioner to Australia M Humayun Kabir.
 
Major trading powers' bid to salvage WTO talks continues
Major trading powers met here Thursday for a marathon session aimed at salvaging World Trade Organisation (WTO) talks to boost global commerce, a European Union source said.
 
Delhi vows to curb inflation
The Indian government sought a political consensus Thursday to try and curb inflation in a bid to limit the financial pain being felt by the nation's poorest citizens.
 
China raises interest rates
China announced Friday it would widen the trading band of its currency and raise interest rates, apparently to counter foreign criticism of its exchange rate and rein in its runaway economy.
 
Toyota unveils priciest hybrid vehicle
Toyota's commitment to hybrid automobiles was on full display Thursday when it unveiled its most expensive gasoline-electric vehicle yet -- the 15 million yen ($124,000) luxury sedan Lexus LS.
 
Tokyo says N Korea needs Japan's economic might
Foreign Minister Taro Aso on Friday called for North Korea to cooperate with Japan, saying the communist state only stands to benefit from better ties with Asia's largest economy.
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Blair could run for WB chief ?
Outgoing British Prime Minister Tony Blair could be a contender for the new president of the World Bank, a post traditionally reserved for an American, a former bank executive said Friday.
 
World Bank aid to continue for communication sector
World Bank Country Director Xian Zhu on Thursday said the Bank would continue its assistance to different uplift projects in Bangladesh.
 
Oil prices mixed in Asian trade
Oil prices were mixed in Asian trade Friday in a market focussed on problems facing US refineries just ahead of the key US summer driving season, dealers said.
 
Canadian dollar hits 30-year high
The Canadian dollar surged to a 30-year high at 91.65 cents US, up 0.41 of a cent in morning trading, amid a roaring economy and a looming interest rate hike, economists said Friday.
 
Credit rating of Prime Bank upgraded
Credit Rating Information Services Ltd (CRISL) has upgraded the credit rating of Prime Bank Ltd to 'AA' from 'A+' in its long-term scales while reaffirmed 'ST-2' rating for the short-term obligationsof
 
G8 Finance Ministers Meet
Strengthening financial market stability aimed at
The world's most powerful finance chiefs began a two-day meeting Friday to consider steps aimed at strengthening financial market stability, supporting sound governance in Africa and regulating the 1.
 
HSBC warns China meltdown to have serious impact on HK
An official at global banking giant HSBC Friday warned of "serious" impact on the Hong Kong stock market if the Chinese market bubble burst, a day after a Hong Kong tycoon made similar remarks.
 
India to lag behind China in business innovation: Study
India will give away its lead over China as an innovative country in the next five years, even though it has emerged as the second best place for business innovation after the US, says a new study.
 
Weekly Currency Roundup
May 13-May 17, 2007
Local FX Market

The demand for US dollar was stable in the week.

 

 
   
 
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