The Daily Star: Internet Edition Sun. May 20, 2007

Vol. 5 Num 1054

Sun. May 20, 2007


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Business

Common currency needed for balanced development in S Asia
Roundtable told
Speakers at a roundtable in Dhaka yesterday advocated for a common currency in South Asian countries to keep socio-economic development at par.

WTO key players hope for Doha deal by year-end
The EU, US, Brazil and India -- major players in the efforts to agree on the Doha round of WTO trade talks, -- said on Friday they stood by their commitment to reach a deal by the end of the year.

G8 urged to help cut debt burden of low, middle income states
Jordan's King Abdullah II on Saturday opened a summit of G11 developing countries calling for a partnership with G8 industrialised nations and help to reduce the debt of low- and middle-income states.

US congress okays $3t budget
The Democratic-controlled US Congress on Wednesday announced it had agreed on a 2.9 trillion dollar budget for fiscal year 2008, designed to produce a 41 billion dollar surplus by 2012.

Oil price volatility and the challenges
Bangladesh, being largely dependent on import for food and fuel, could not walk away scot-free from upbeat prices in the international market.

Boards for FBCCI polls formed
The election board and the election appeal board to elect the president, first vice president, vice president and directors of the Board of Directors of the Federation of Bangladesh Chambers of Commerce

G8 calls for rapid deal on Doha trade talks
G8 Finance Ministers on Saturday called for agreement on the Doha round of WTO trade talks "as soon as possible".

HSBC launches home loan product for NRBs
The Hongkong and Shanghai Banking Corporation (HSBC) Ltd in Bangladesh has recently launched a home loan product for the non-resident Bangladeshis (NRBs).

Switzerland, Japan hold FTA talks
Japan and Switzerland on Friday wound up an initial round of talks on a free trade agreement which would be Tokyo's first with a European country, the foreign ministry said.

India's Essar wins Nigerian oil block
Ruias-led corporate house, Essar group has won an offshore oil block in Nigeria with reserves of up to 80 million barrels.