The Daily Star: Internet Edition Sat. November 04, 2006

Vol. 5 Num 866

Sat. November 04, 2006


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Business

Rupali Bank's 43pc classified loans in 20 borrowers' pocket
Food ministry owes Tk15.27cr
The amount of loans defaulted by top 20 defaulters of Rupali Bank (RB) now stands at Tk374 crore, which accounts for 43 per cent of the bank's total classified loans.

US firm to buy India's Prakash Air Freight for $30m
FeDex Corp, the 33-billion dollar American logistics major, has announced that its unit FeDex Express agreed to acquire Indian service provider Prakash Air Freight for 30 million dollars in an all-cash

Indian economy showing signs of overheating
Says minister
India's finance minister said Friday some sectors of the country's booming economy were showing signs of "overheating" after inflation hit a more than four-month peak.

ROK seeks free trade talks with EU, China
South Korea wants to open free trade talks with the European Union and China as soon as next year, President Roh Moo-Hyun said Thursday.

Analysing Global Apparel Markets (i)
A close look at RMG industry's marketing tools and threats
The readymade garment industry is a key sector in the Bangladeshi economy. With its population totalled 453.

WTO warns of impending failure in global trade talks
World Trade Organisation chief Pascal Lamy said Friday that trade talks were courting a total failure that would erode a 60-year effort to prop up global economic growth with free and fair trade.

ITUC demands reform of IMF, WTO
The new global trade union ITUC demanded radical reform of the International Monetary Fund, World Bank and World Trade Organization to focus on human rights, in its programme adopted here on Friday.

India's Reliance launches giant retail rollout
Indian corporate giant Reliance Industries began a multi-billion dollar superstore rollout Friday with promises to the nation's small traders that it would not drive them out of business.

India to witness more billionaires than China in '06
India, whose high economic growth is driven mostly by the private sector, will witness a rise in the number of billionaires as compared to China in 2006, an official with the Forbes Asian Rich List said

Microsoft, Novell reach agreement on Linux
Once bitter rivals, Microsoft Corp and Novell Inc entered into an agreement on Thursday to allow open-source Linux software to work with Windows.

Daewoo chair gets over 8yrs prison term
A Seoul appeals court on Friday sentenced the founder and former chairman of collapsed conglomerate Daewoo to eight and a half years in prison on a range of charges including embezzlement and accounting

New addl MD of Dutch-Bangla Bank
AHM Nazmul Quadir joined Dutch-Bangla Bank Ltd (DBBL) as additional managing director on Wednesday.

Sonargaon hotel wins award for beautification works in Dhaka
Pan Pacific Sonargaon has won Prime Minister Award for beautification works in Dhaka city, says a press release.

Oil prices steady
Oil prices were steady Friday as the market awaited economic cues and evidence of Opec's recently announced output cut. Light sweet crude for December delivery rose 2 cents to $57.

Weekly Currency Roundup
October 29-November 02, 2006 Local FX Market
Demand for US dollar was stable in throughout the week and USD rose marginally against Bangladeshi taka.