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Business
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Exports register 13pc growth in 8 months
Exports in the first eight months of the current financial year amounted to US$5,415 million, posting a 13 percent growth over the corresponding period of the last financial year.
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Close false BO accounts
SEC asks depository participants
The Securities and Exchange Commission yesterday asked depository participants of the central depository system to close false beneficiary owners' (BO) accounts after reviewing status of all accounts.
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Highly politicised Saarc retards regional trade
Says Karachi chamber
The visiting Pakistani business leaders yesterday said South Asian Association for Regional Cooperation (Saarc) is a highly politicised forum and the bloc retards intra-regional trade.
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EU to discuss rules for curbing China textiles
Fearing a surge in cheap clothing and textile imports from China, the European Union Executive Commission will discuss rules next week for applying emergency brakes on trade, a spokesman said yesterday.
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Bank Asia recommends 25pc stock dividend
Bank Asia Ltd has recommended 25 percent stock dividend that is one share for every four shares for its shareholders for the year that ended on December 31, 2004.
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India sees FTA with Pakistan in 1-2 years
India said Friday it hoped free trade with its nuclear-armed neighbour Pakistan would happen within one to two years, as their sluggish peace process moves forward.
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IMF chief warns of risk to world economy
IMF chief Rodrigo Rato said Friday that large US current account deficits posed a risk to the world economy and warned that a sharp drop in inflows into US bond markets could have serious consequences
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EU to mull response to China textile surge
The European Commission will next week discuss possible action to safeguard European makers of clothes and related products from a surge in cheap textiles from China, an official said Friday.
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Clarification
Ericsson has sent a clarification of a news item titled 'Ericsson offers discount for telecoms operators in Bangladesh' published on this page on March 24.
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Oil surges to record near $58
Oil prices surged to a record near $58 a barrel Friday, powered by a forecast the market could spike above $100 due to robust global demand and tight spare capacity.
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Toyota, Nissan hit new milestones in US sales
Japan's leading automakers Toyota and Nissan reported new sales milestones in the US market, with Toyota reporting its best-ever quarter and month and Nissan sales topping one million for its fiscal year.
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