The Daily Star: Internet Edition Thu. February 01, 2007

Vol. 5 Num 950

Thu. February 01, 2007


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Business

DSE turnover hits all time high at Tk158.74cr
Tk49.21cr Brac Bank shares change hands
Turnover on the Dhaka Stock Exchange (DSE) yesterday hit all time high at Tk 158.74 crore with a huge number of Brac Bank's shares worth Tk 49.21 crore changing hands.

Yunus suggests separate stock market, bank to fund microcredit
Grameen Bank founder Muhammad Yunus has suggested enacting a law to set up a separate stock market and a bank to fund the needs of microcredit.

Asian air passenger traffic up 4.5pc in '06
Airlines operating in the Asia Pacific region carried 134 million international passengers in 2006, up 4.5 percent from the previous year, an industry association said Wednesday.

EU proposes cuts in sugar quotas
The European Commission proposed to cut the sugar production quotas for the 2007-2008 marketing year by 12 percent to avert a significant surplus in the European Union (EU).

NYSE, Tokyo bourse to announce alliance
The New York Stock Exchange and the Tokyo Stock Exchange, the world's top two equity markets, were set to unveil a strategic alliance Wednesday spanning three continents and the world's largest economies.

Japan protects farming despite free trade stance: WTO
Japan's agricultural sector remains highly protected from foreign competition despite overall measures to open up the economy, the World Trade Organisation said Wednesday.

Int'l textile machinery show kicks off today
A four-day international textiles and garments machinery show starts at the Bangladesh-China Friendship Conference Centre in Dhaka today.

Compliance policies to up productivity, export
Roundtable told
Speakers at a seminar yesterday stressed the need for implementing compliance policies in all industrial units of the country including readymade garment (RMG), shrimp and pharmaceutical sectors to enhance

Tata outbids CSN in Corus auction
India's Tata Steel said Wednesday it outbid Brazilian rival CSN to take over European steelmaker Corus Group PLC, offering $11.3 billion for the biggest-ever acquisition by an Indian company.

Bank Asia, Nat'l Life sign deal for credit card insurance coverage
Bank Asia Ltd recently signed an agreement with National Life Insurance Ltd for providing SafetyNet service for its clients having credit cards, says a press release.

Citibank's web-based trade seminar for customers
Citibank, NA Bangladesh recently organised a trade webinar (web-based virtual training session) on 'Understanding the Risks of Standby Letters of Credit' for customers, says a press release.

Oil prices drop
Oil prices fell Wednesday as the market adjusted to a spike the day before and awaited the weekly U.S.

India raises key interest rate
The Reserve Bank of India on Wednesday raised its key short-term borrowing rate by a quarter percentage point to 7.50 percent citing inflation risks as it also hiked its full-year growth forecast.

ROK mulls FTA with Gulf states
South Korea is actively considering forging a free trade agreement with six Gulf nations, its top economic official said Wednesday.

New DMD of Dutch-Bangla Bank
Ghulam Kabir has recently been appointed deputy managing director of Dutch Bangla Bank Ltd (DBBL), says a press release.

Currency