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Business
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Asia's forex reserves up
Asian holdings of foreign exchange reserves, excluding China's rose $1.7 billion in July to total $1.87 trillion, central bank figures showed.
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Bankruptcies in Japan fall
The number of Japanese corporate bankruptcies fell 8.8 percent in July from a year earlier to 1,024 cases, helped by healthy corporate earnings and strength in the economy, a research firm said Friday.
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India's car sales down
Car sales dropped for the second month in a row in the Indian market this financial year and third time in 2005, going down 10.
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New MD of Continental Ins
Md Hashmat Ali recently took over as the new managing director (MD) of Continental Insurance Ltd.
Prior to this new assignment, he was the MD of Prime Insurance Company Ltd, says a press release.
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Pakistan's FDI to double this year, says PM
Pakistan attracted a record $1.5 billion of foreign direct investment in the fiscal year to June 2005 and is aiming for double that amount this year, Prime Minister Shaukat Aziz said Friday.
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US trade deficit up
America's trade deficit increased sharply in June as surging oil prices pushed petroleum imports to an all-time high. The politically sensitive deficit with China also set a record.
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Asean, China on track to sign FTA by 2013
Says Malaysian PM
Malaysian Prime Minister Abdullah Ahmad Badawi on Friday said a free trade agreement with China will be signed by 2013, and that Malaysia's exports to China surged 25 percent to a record high last year.
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US to seek textile deal with China
The Bush administration, struggling to deal with America's surging trade deficit with China, announced Thursday it would begin negotiations aimed at broad restrictions on imports of Chinese clothing and
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India's economy poised for leap
India's industrial production posted its highest growth in a decade Friday as inflation fell to a two-year low, leading analysts to forecast the economy could expand by 7.5 to 8.0 percent this year.
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Weekly Currency Roundup
Aug 6-11, 2005
Local FX Market
Demand for US dollar remained high in the market.
Money Market
In the Treasury bill auction held on Sunday, bid for BDT 4,534.
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