Vol. 5 Num 151 Sat. October 23, 2004    
 
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Business
 
Jute thrives as synthetic prices go up
A trend of using natural fibres has surfaced among people on hopes jute will not lose out to synthetics.
 
Dhaka handloom fairs wooing Eid shoppers
Dhaka city has turned into a bustling bazaar for handloom products with three big exhibitions are now going on in full swing to woo Eid shoppers.
 
China's free trade pact with Asean in sight
The foundations of the world's largest free trade area may be laid next month.
 
Indian govt ally opposes higher foreign equity limits
A communist ally of India's government will oppose attempts to allow higher foreign ownership of telecom and insurance firms, but will back higher foreign equity in airlines, a senior leftist leader said
 
US 'City of Looms' fears for future
After a more than a century of Churning out towels, sheets and bedspreads for American homes, there's no future for textiles in this self-proclaimed "city of looms" and many other North Carolina towns
 
Oil bubbles near $55 a barrel
Oil prices simmered near $55 a barrel on Friday on rising fears of a winter fuel supply crunch and robust but slowing economic growth in China, the world's number two user.
 
Assisting Poor Textile Exporters
WB, IMF only ready for case-by-case help
The World Bank and International Monetary Fund said Friday that poor textile-exporting countries could only expect help on a case-by case basis to cope with the forthcoming end of import quotas.
 
European frozen food buyers due Nov 27
A 12-member delegation of frozen food buyers from European countries will arrive in Dhaka on November 27 on a three-day visit to Bangladesh.
 
Second int'l travel fair in March
The second Bangladesh international travel fair will be held in Dhaka from March 4 to 6 next year.
 
Citigroup's ex-exec may face SEC action
US securities regulators may recommend enforcement action against the former head of Citigroup Global Investment Management for his role in activities under investigation at the company's mutual fundunit,
 
India's inflation rate dips as food prices fall
India's weekly inflation rate fell slightly to 7.10 percent due to a drop in prices of food and manufactured goods, official figures showed Friday.
 
ROK stock market to see rebound in coming week
South Korea's stock market is expected to see a technical rebound next week after sustained losses over the past two weeks made on the back of disappointing results in the key tech sector, dealers said
 
IMF chief calls for more investment in oil production
International Monetary Fund (IMF) managing director Rodrigo Rato on Friday called on oil-producing nations to boost investment in production facilities in response to rising oil prices, which he saidwould
 
Weekly Currency Roundup
October 16-October 21, 2004

Local FX Market
US dollar was bullish against Bangladeshi taka in this week.

 

 
   
 
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