RIM introduced a new BlackBerry

RIM unveiled a new BlackBerry aimed away from Apple’s iPhone and other rivals, but someone said that the handset won’t blow away the competition. Even the main features of BlackBerry Torch, including a touch screen and slide out keyboard, were well-known in the industry; investors registered their disappointment. Torch will go on sale in the USA on August for $199.99 with two year contract about the same price as an iPhone. New BlackBerry uses an excellent operating system and has a faster and easier to use net browsing. The analysts at Tuesday’s launch event in New York said the Torch does not represent a major advance but that its customers friendly features were enough to help RIM to catch up to any rivals. They expected new BlackBerry is the benefited the customers.

SEC of Bangladesh announced six companies to merchant banking

Securities and Exchange Commission of Bangladesh at a meeting gave approval to six companies to perform merchant banking activities. They are Jamuna Bank, Mutual Trust Bank, City Bank, Alfa Capital Management, Cosmopolitan Traders Private Ltd and Green Delta Insurance Company. With this announcement of the six merchant banks, the number of merchant banks has increased to 37 in Bangladesh. SEC also approved right issue offer of Bay Leasing & Investment Ltd. The company will issue 30, 60,000 ordinary shares of Tk 100 each at an issue price of Tk 350 per share (including a premium of Tk 250 each) totaling Tk 107.10 core.

Vietnam earn from garment and textile sector

Vietnam a development country earned $5.87 billion from garment and textile export in the first seven months of this year and up 17.4% year by year. In July this country earns $1.05 billion from selling garment and textile from world markets and month by month it climbs to 23.5%. Vietnam see a rapid growth in garment markets including the USA, the European Union, the Republic of Korea and countries and textile export to almost every market during this period. It is a bright hope for this country.

Thai motor sales rise

Thailand’s auto sales rise to 37% this year to 7, 50,000 vehicles and this helped by brisk economic growth, Japan’s Toyota Motor Corp disclose Tuesday. Toyota’s record Thai sales of 3,00,000 vehicles in 2010. Toyota hopes Thai export sales to grow 39% this year to 3,30,000 vehicles. Thai economy is forecast to post solid growth this year thanks to strong demand for its exports and the relatively limited impact of violent political unrest in this year.

MasterCard profit rise

MasterCard one of the world’s largest credit-card and debit-card processing network raises their second-quarter profit 31%. This New York based company reported net income of $458 million on Tuesday. That compared with $349 million in the year earlier period. This company attributed its results in part to an increase in spending on its cards, especially outside of the USA. The gross of dollar volume of the transactions MasterCard rose about 8.5% in world from the year, to $656 billion and growth in US gross of dollar volume was flat at $244 billion. MasterCard also claimed more consumers have resumed traveling and spending money in abroad. MasterCard cross border volumes increased in 15.2% from a year.