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Business
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Bangladesh to benefit from transit to India
Discussion told
Bangladesh can reduce its huge trade deficit with India if the country offers transit facilities to the next-door neighbour, a Dhaka University professor told a discussion yesterday.
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India's 8.9pc growth in Q1 beats most forecasts
India beat most predictions by reporting 8.9 per cent economic growth in the first quarter to June as the ruling Congress-led coalition completed half the term of its five-year electoral mandate.
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Top China companies' earnings may fall in '07
Although China's largest firms are set to enjoy bumper earnings this year, the forecast for 2007 is not quite so rosy, according to a report released by global lending rating house Standard & Poor's.
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WTO allows time for appeals before final GMO ruling
The WTO on Friday confirmed its partial condemnation of the European Union in a dispute with the United States, Canada and Argentina over genetically modified organisms (GMOs), giving the parties 60 days
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Pak PM wants textiles to be competitive
Prime Minister Shaukat Aziz has called for making the textile industry viable, more competitive and sustainable in view of the paradigm changes in the industry globally.
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New MD of Pubali Bank
Helal Ahmed Chowdhury has been appointed managing director of Pubali Bank Ltd, says a press release. Prior to this assignment he was additional managing director of the same bank.
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Pakistan to fund youths for self-employment
Pakistani government has set aside a sum of 12 billion Pakistani rupees (about 200 million US dollars) as loans for self-employment of the youth in the country, the state-run Associated Press of Pakistan
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Lower gas prices may help auto sales
When Nelson Ropke recently replaced his Jeep Grand Cherokee sport utility vehicle with a Chrysler Pacifica crossover, gasoline prices were top-of-mind.
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Dollar firm on solid US data
The dollar was higher against the other major currencies Friday on data suggesting that the US economy is enjoying a soft landing, traders said. The single European currency bought 1.
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Nigeria, Venezuela to cut oil output
Opec members Nigeria and Venezuela are to cut their crude oil production in the face of sliding prices, a move limited in scope and likely to have an uncertain impact on the market.
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Vietnam's rice export drops
Vietnam is estimated to ship abroad over 4.1 million tons of rice valued at more than 1.1 billion US dollars in the first nine months of this year, posting respective year-on-year decreases of 8.
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