The Daily Star: Internet Edition Mon. July 23, 2007

Vol. 5 Num 1118

Mon. July 23, 2007


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Business

Chinese sign deals to buy $53m goods from Bangladesh
Visiting team intends to narrow trade gap
The visiting high profile Chinese business delegation hoped that Bangladesh-China bilateral trade would reach US$ 5 billion within 2010, if the current pace of trade continues.

Exploit scope for enhancing trade, commerce
President asks chambers at the launch of India-Bangla chamber
President Professor Dr Iajuddin Ahmed asked all business chambers to aggressively exploit every unfolding scope for boosting trade and commerce to bolster country's economic environment for greater welfare

Despite outcry, many Americans can't live without China goods
Even as protests grow about US imports from China, many Americans may find it hard to manage without the range of products that dominate or in some cases monopolize the marketplace.

CPD undertakes policy study on jute sector
The Centre for Policy Dialogue (CPD) has decided to undertake a policy study in view of the current debate and discussion with regard to the jute sector of the country.

China to control its blazing economy
China is expected to take more steps to slow its galloping economy, a key engine of global growth, after hiking borrowing costs in a bid to stop the boom giving way to a bust.

China to give $9m to build exhibition centre
China will provide Bangladesh with a grant assistance of about US$ 9 million to construct Bangladesh-China Friendship Exhibition Centre (BCFEC) beside Bangladesh-China Friendship Conference Centre atSher-e-Bangla

Thailand's baht pressured again a decade after crisis
The Thai baht, which was battered by massive flight of capital in the 1997 Asian financial crisis, is again facing mounting pressure -- this time from large money inflows into the kingdom.

One in seven Chinese tyre tubes fail safety tests
One in seven Chinese-made truck tyre tubes is prone to exploding, state media reported Sunday, citing the results of safety tests that also found dodgy liquors and juice drinks.

Shell ordered to suspend Arctic drilling
A federal appeals court has ordered Shell Oil to stop its exploratory drilling program off the north coast of Alaska at least until a hearing in August. The order, issued Thursday by the 9th U.S.

Largest US port workers may go for strike today
Clerical workers presented their final offer to shipping companies Saturday after all-night contract talks aimed at preventing a strike at the nation's largest port complex.

4-day textile machinery expo starts in Dhaka Thursday
A four-day international exhibition on textile and garment machineries, accessories, fabrics and related services will start at the Bangladesh-China Friendship Conference Centre in the capital on Thursday.

Chinese inflation may infect world economy
A recent spurt in Chinese consumer prices has sparked concern that the trend could trigger a world-wide inflationary surge at a time of rising oil and food costs and upward wage pressures.

US to raise minimum wage tomorrow
Fast-food waitress Fawn Townsend of Raleigh, N.C.

Currency