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Just in:   • White paper on black money tabled in LS  • Rupee slips to a record low of 55 against a dollar  • Myanmar economy set to boom: Report  • IT industry seeks clarity on software exports: Murthy  • Sensex closes flat on weak rupee  Last updated: 22 May, 2012    World News Myanmar economy set to boom: Report IANS | 21 May, 2012 Myanmar's economy looks set for rapid expansion although concerns over inflation, infrastructure and political stability remain, according to an international report.  More Headlines » China's inflation eases in April » Pakistan, Britain to raise bilateral trade to USD 4 bn » UK's SMEs expect rise in orders, production » China foreign trade growth slows, exports $163.25 bn in April » South Korean economic indicators weaken: Ministry   Read more....      Asia Bangladesh's trade deficit widens to USD 7 bn IANS | 21 May, 2012 Bangladesh's trade deficit swelled to 6.59 billion in the first three quarters of the current fiscal  Read more.... » China's e-shopping market to be world's biggest » Bangladesh forms panel on Grameen Bank » S Korea's jobless rate falls on service sector strength » China can achieve this year's development goals: Wen » China foreign trade growth slows, exports $163.25 bn in April   Read more....  Americas US stocks slide amid euro concerns IANS | 19 May, 2012 US stocks failed to find any support Friday amid continuing concerns over the eurozone and a shaky N  Read more.... » Honda recalls over 52,600 vehicles in US » US stocks extend loss amid EU banking fears » Yahoo CEO Scott Thompson resigns » Remittances to Latin America rebound: Inter-American Dialogue report » US stocks dragged down by jobs data   Read more....    Africa / Middle East 2,000 new business licenses issued in Abu Dhabi IANS/WAM | 21 May, 2012 Abu Dhabi's Department of Economic Development has issued 2,161 licenses for new commercial ventures  Read more.... » UAE, Britain joint economic meet held » Second Ghana SME Expo launched » Support small scale farmers to end hunger in Africa: Report » Iran's Bushehr n-plant to begin operations in 2012 » Zimbabwe drafts new mining policy   Read more....  Europe EU pledges $140 mn to Jordan IANS | 21 May, 2012 The European Union will give 110 million euros (about $140 million) in financial assistance to Jorda  Read more.... » Moody's downgrades credit ratings of 16 Spanish banks » Spain for stronger economic ties with Brazil » Spain's borrowing costs rise sharply in bond auction » Moody's cuts 26 Italian banks' ratings » Spain to nationalize No. 4 bank, inject capital   Read more....         Customs Exchange Rates Currency Import Export US Dollar 53.10 52.25 UK Pound 86.00 84.15 Euro 70.35 68.70 Japanese Yen 65.50 63.85 As on 22 May, 2012   Daily Poll Do you think RBI's deregulation of export credit interest rate in foreign currency will affect exporters?  Yes  No  Can't say

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