The Daily Star: Internet Edition Sun. August 12, 2007

Vol. 5 Num 1139

Sun. August 12, 2007


News
Today's Index
Front Page
Business
Sports
Metropolitan
National
International
Culture
General


Views
Point-counterpoint
Editorial
Letters to Editor
Write to Editor


Sections


Others
About Us
Contact
Advertisement
Supplements
Archives

Business

Corporate governance commission needed to ensure accountability
Seminar told
A separate corporate governance commission is needed to ensure transparency and accountability in business houses, a seminar was told yesterday.

Citigroup launches two microfinance initiatives
Citigroup has just launched two microfinance initiatives targeted, on the one hand, at those who would like to make an outright gift, and, on the other hand, at those who are more comfortable with giving

Workshop on UCP 600
ICC-B calls for efficiency on new int'l trade rules
ICC-B President Mahbubur Rahman yesterday stressed building efficiency on new international trade rules and acquiring adequate knowledge from recent developments in global trade to reduce risks and facilitate

US shares slash losses after Fed cash injections
US shares slashed losses Friday after an injection of 38 billion dollars into the banking sector by the Federal Reserve aimed at easing investor fears of a credit crunch.

US investors gird for fresh turmoil in coming week
US investors are girding for fresh stock turmoil in the coming week after riding a market roller-coaster in recent days, which has shaken their confidence in the mortgage and credit markets.

Yuan back in focus as China trade surplus mounts
China had its second-largest trade surplus on record in July, official data showed Friday, likely adding to international pressure for the yuan to be allowed to rise faster so as to trim the balance.

Pfizer facing 4 court cases in Nigeria
A security guard in this dusty Nigerian city is living with tragedy -- a 14-year-old son whose dazed eyes, slow speech and uneven gait signal brain damage.

New vice chairmen of Mercantile Bank
Mosharref Hossain and A S M Firoz Alam, two sponsor directors of Mercantile Bank Limited, have recently been elected first and second vice chairmen of the bank, says a press release.

Duty cut may not cool inflation
The Ministry of Finance of Vietnam has issued decisions reducing import duties levied on over 20 categories of goods in an effort to cool inflationary pressures, but whether prices will go down stillremains

Iran, Iraq sign oil pipeline deal
Iran and Iraq signed an agreement to build pipelines for the transfer of Iraqi crude oil and oil products, the state-run Iran news network Saturday quoted the oil ministry as announcing.

UAE telecom firm to bid for Qatar's new mobile fixed line licenses
Etisalat, the telecom giant of the United Arab Emirates (UAE), will bid for Qatar's new mobile and fixed line licenses in a move to expand in the Gulf country's telecom market, local newspaper Gulf News

Chrysler plans expansion after Daimler split
Chrysler LLC is working on a significant global expansion following its split from Daimler AG, a senior executive said Thursday.

Peru seizes 60 tonnes of Chinese toys believed tainted
Peruvian police announced Friday it had seized more than 60 tonnes of Chinese toys smuggled from Chile believed to contain toxic, lead-based products that were about to be sold in Lima markets.

Venezuela to boost energy ties with other S American nations
Venezuela moved to strengthen energy ties with Argentina, Uruguay, Ecuador and Bolivia with the signing of several cooperation deals during President Hugo Chavez's South American tour this week.

Singapore lifts 2007 growth targets
Singapore on Friday raised its economic growth targets this year to between 7.0 and 8.0 percent after second quarter growth came in better than expected.