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Business
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Coolmax fabric launched in local market
US-based INVISTA, one of the world's largest integrated fibres and polymers businesses, has launched its latest Coolmax brand fabrics in Bangladesh's apparel market, says a press release.
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No limit for Thais on FDI
Listed companies will be allowed to invest unlimited amount overseas, as the latest measure to ease pressure on the baht, which has relentlessly appreciated against the US dollar.
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IEA predicts easier oil market in 2008
The International Energy Agency predicted Friday that tightness on the global oil market would ease next year, forecasting that supplies will exceed robust demand.
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SKorea hopes for quick FTA with EU
South Korean President Roh Moo-Hyun called Friday for a quick free trade deal with the European Union, describing it as another golden opportunity to make the Korean economy more competitive.
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Euro strikes record high at $1.38
The euro shot up over 1.38 dollars here Friday for the first time since its creation in 1999, as weaker-than-expected retail sales in the United States compounded concerns about the country's economy.
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Vietnamese rank 1st in tech spending
Vietnamese people fall on the top of the list when it comes to buying new technology after covering essential living expenses, according to the 1st Half 2007 Nielsen Global Online Consumer Survey.
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Inflation rises
India's inflation rate rose for a second week in a row on the back of higher food prices, according to official data on Friday, but economists did not expect the central bank to raise rates.
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Weekly Currency Roundup
July 08-July 12, 2007
Local FX Market
The US dollar/BDT market was liquid and USD lost ground against the BDT in the week. The dollar showed a downward trend against the Bangladeshi Taka.
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© thedailystar.net, 2007.
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