The Daily Star: Internet Edition Sun. February 04, 2007

Vol. 5 Num 953

Sun. February 04, 2007


News
Today's Index
Front Page
Business
Sports
Metropolitan
National
International
Culture
General


Views
Point-counterpoint
Editorial
Write to Editor


Sections


Others
About Us
Contact
Advertisement
Supplements
Archives

Business

AKTEL may offload shares in 3 years
TM CEO says
AKTEL, a Bangladesh-Malaysia joint venture mobile service provider in the local market, is likely to offload its shares in capital market within the next three years.

India mulls hiking FDI caps in aviation, retail, petroleum
India is examining in right earnest the possibility of hiking the foreign direct investment caps in petroleum, aviation and retail sectors besides opening up commodity exchanges to investors from abroad.

Dollar climbs on US jobs report
The dollar benefited from healthy US job numbers Friday that reinforced the Federal Reserve's appraisal of solid growth combined with quiescent inflation, traders said.

Technical level talks on Doha Round resume next week
Technical level talks on the Doha Round of negotiations will resume next week, putting an end to the impasse over the WTO talks even as India's Commerce Minister Kamal Nath warned that the round could

Corus Takeover
Tata says no guarantees over jobs
Indian tycoon Ratan Tata said Saturday he could give no guarantees over the safety of jobs, following his firm's successful bid for Anglo-Dutch steelmaker Corus Group Plc.

Beijing limits foreign home ownership
Foreigners in Beijing will be limited to buying a single home for their own use under new curbs imposed amid efforts to slow a surge in housing costs, newspapers reported Saturday.

Weekly Holiday
FBCCI to propose Sunday
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will formally propose to the government today or tomorrow to fix the weekly holiday only on Sunday instead of Friday and Saturday.

US takes China to WTO over subsidies
The Bush administration filed a complaint with the World Trade Organization on Friday accusing China of providing companies with improper subsidies that hurt US firms.

Hu visits Africa amid growing discontent about China investors
Chinese President Hu Jintao arrives in Zambia on Saturday for a two-day state visit amid growing discontent about Chinese investors, who are accused of violating the country's labour laws and usurping

Delhi, Tokyo wind up first round of trade negotiations
India and Japan Friday wound up their first round of discussions with an agreement on the terms of negotiations for a comprehensive free trade deal within two years, Indian officials said.

Japan's mid-sized drugmakers to merge for survival
Two medium-sized Japanese drugmakers, Mitsubishi Pharma and Tanabe Seiyaku, said Friday they would merge on October 1 to survive tough competition at home and expand into the growing global market.

'Asia still vulnerable to global fluctuations'
All the talk of global decoupling and the declining influence of the US economy on emerging Asian markets is "misleading," and the region is still extremely vulnerable to fluctuations in the economies

Saudi airline statement on reservation policy
Saudi Arabian Airlines reservation policy requires re-confirmation 72 hours before the departure or at a closer date, says a press release.

Volvo 2006 profits leap 24.5pc
Swedish heavy lorry maker Volvo AB said on Friday its net profit leapt 24.5 percent in 2006 to 16.318 billion kronor (1.8 billion euros, 2.4 billion dollars), on the back of record sales.

India's inflation soars as food prices rise
India's inflation rate inched up close to a two-year high as government efforts to staunch rising prices of food and fuel wait to kick into the economy, data released Friday showed.

Emirates bags top awards
Emirates airline has bagged 'Best Airline for First Class' award for the second year in a row in the annual 'Global Traveller's GT Tested Awards for 2006'.

Toyota to launch major pickup truck campaign in US
Japanese automaker Toyota will launch a major assault on US supremacy in the domestic pickup truck market this weekend with a splashy ad campaign aimed at football fans during the Super Bowl.