The Daily Star: Internet Edition Tue. December 05, 2006

Vol. 5 Num 897

Tue. December 05, 2006


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Business

Industrial credit up 30pc, farm loan down 10pc in Q1
Political impasse to take toll on growth in Oct-Dec
Industrial credit marked a staggering 30 percent rise in the first quarter this fiscal, while farm credit registered around 10 percent fall.

SEC issues show cause notices on 4 companies
Capital market watchdog Securities and Exchange Commission (SEC) yesterday issued show-cause and hearing notices on four companies and warned two others for violating rules.

Beximco Pharma enters Somalia market
Leading drug manufacturer Beximco Pharmaceuticals Ltd has stepped in Somalia drug market, says a press release.

Call for narrowing digital divide to fight poverty
Int'l telecoms show begins in HK
Government regulators worldwide must narrow the "digital divide" that bars poor communities from benefiting from the hi-tech revolution, Hong Kong's financial chief urged Monday.

Tata Consultancy inks $100m deal in China
Indian IT major Tata Consultancy Services (TCS) has won a landmark deal worth a whopping USD 100 million from the state-run Bank of China (BOC), industry sources said on Sunday.

Dollar's sharp fall revives fears of global economic imbalances
A sharp fall in the dollar over the past two weeks has revived fears among analysts that major imbalances in the gloabl economy could trigger a far-reaching financial crisis if they intensify.

Currency