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Third night of US protests against police killings

2014-12-07 00:00:00

NEW YORK, Dec 6 (AFP): Thousands of demonstrators marched in major cities across the United States on Friday in a fresh wave of protests against a spate of killings of unarmed black men by white police officers. The signs of...

Maldives declare public holidays to battle water crisis

2014-12-07 00:00:00

MALE, Dec 6 (AFP): The upmarket honeymoon destination of Maldives Saturday declared two days of public holidays in bid to manage fraying tempers and ration supplies following a drinking water crisis caused when a fire crippled a key desalination plant....

Pakistan appoints new election commissioner amid protest

2014-12-07 00:00:00

ISLAMABAD, Dec 6 (AFP): Pakistan's new Chief Election Commissioner took his oath of office Saturday as opposition protests for a probe into allegations of vote rigging by Prime Minister Nawaz Sharif run into their fourth month. Sardar Muhammad Raza, 69,...

Saudi police arrest 135 suspected terrorists

2014-12-07 00:00:00

RIYADH, Dec 7: Saudi Arabia's Interior Ministry says police have arrested 135 people with suspected links to terrorist groups. Interior Ministry spokesman Mansour al-Turki said in a statement on Sunday that 26 of the detainees were foreigners, including 16 Syrians....

China ex-security chief’s fall cements Xi’s grip on power

2014-12-07 00:00:00

BEIJING, Dec 6 (AFP): The Chinese Communist Party's decision to arrest and expel former security chief Zhou Yongkang is a bold step that demonstrates President Xi Jinping's determination to consolidate power "to a degree unseen" in decades, observers said Saturday....

news digest

2014-12-07 00:00:00

Belgium pays tribute to Queen Fabiola BRUSSELS, Dec 6: Belgium Saturday paid tribute to Spanish-born Queen Fabiola, the devout former monarch who died the evening before at 86, two decades after her husband King Baudouin. Long suffering and not seen...

Photo: INDIA : An Indian doctor inspects the eye of a patient

2014-12-07 00:00:00

Photo: SRI LANKA : Sri Lankan Buddhist devotees

2014-12-07 00:00:00

Ansar VDP Bank limping with manpower shortage

FE Report | 2014-12-07 00:00:00

Ansar VDP Unnayan Bank, a specialised bank, is limping with an acute manpower shortage, sources said. "The specialised development bank is facing problems in performing day to day official work mainly due to shortage of manpower," a high official of...

S&P lowers Saudi, Oman outlook on low oil price

2014-12-07 00:00:00

DUBAI, Dec 06 (AFP): Standard and Poor's has lowered the outlook for the world's top oil exporter Saudi Arabia to stable from positive and its Gulf partner Oman to negative on sliding oil prices. However, the ratings agency affirmed the...

Sri Lanka cuts fuel price ahead of elections

2014-12-07 00:00:00

COLOMBO, Dec 6 (Reuters): Sri Lanka slashed fuel prices by up to nearly 6 per cent on Saturday to reflect falling global oil prices and said it would forgo subsidies and allow market forces to determine prices at the pumps...

UAE-Egypt alliance expands to desert wheat venture

2014-12-07 00:00:00

ABU DHABI/CAIRO, Dec 6 (Reuters): Egypt and two companies from its strong backer United Arab Emirates have embarked on an ambitious plan to grow wheat in the desert that could boost the Cairo government's credibility if successful. Egypt, the world's...

Bank of Canada sees oil shaving a bigger slice from GDP

2014-12-07 00:00:00

SANTIAGO, Dec 6 (Reuters): The slide in oil prices will probably cut Canadian economic growth by 1/3 of a per centage point in 2015, not the 1/4 point the Bank of Canada estimated in late October, bank Governor Stephen Poloz...

Oil market plumbs new five-year lows

2014-12-07 00:00:00

LONDON, Dec 6 (AFP): Oil struck fresh five-year low points this week on the back of the strong dollar, oversupply fears and major producer Saudi Arabia slashing its export prices. The market had already dived last week after the Organization...

Photo: Bank and Financial Institutions Division (BFID)

2014-12-07 00:00:00

Photo: PESHAWAR, Pakistan: A visitor tries on a gold necklace at an exhibition stall

2014-12-07 00:00:00

Global Commodity Prices

2014-12-07 00:00:00

Bankers call for biometric ATMs as banks battle rising digital crimes

FE Report | 2014-12-07 00:00:00

Introduction of bio-metric ATM machines can help bring down digital crimes that have plagued the nation's banking system, putting depositors' protection in peril, bankers said Saturday. They said bankers need to shield banks from being ruined by technology-driven frauds and...

Image crisis saps export potential in Malaysia

Ziaur Rahman back from Malaysia | 2014-12-07 00:00:00

Malaysia can be a potential market for Bangladeshi merchandise, especially readymade garments (RMG), frozen foods and leather goods if measures are taken accordingly as people of the South-East Asian country are increasingly showing interest to buy these products. According to...

News Briefs

2014-12-07 00:00:00

Tannery industries to take BD economy forward : Mozena SAVAR, Dec 6: The US Ambassador to Bangladesh Dan W Mozena today said after the garment industries, it is the tannery industries that will take the economy of Bangladesh forward in...

Photo: Bangladesh Bank Governor Dr Atiur Rahman speaking

2014-12-07 00:00:00

Photo: United Commercial Bank Limited

2014-12-07 00:00:00

IMF announces Ukraine rescue visit

2014-12-07 00:00:00

KIEV, Dec 06 (AFP): The International Monetary Fund said on Saturday it would dispatch a team to Ukraine to determine how much extra aid the war-wrecked and energy-starved nation will need to make it through winter. The nine-day visit due...

Cyprus eases controls on capital outflows

2014-12-07 00:00:00

NICOSIA, Dec 6 (AFP): Cyprus eased controls on capital outflows Friday, in another step toward scrapping draconian measures imposed last year to avoid a run on banks. Businesses will now be allowed to transfer up to two million euros ($1.6...

Job creation surges as US brushes off global slowdown

2014-12-07 00:00:00

WASHINGTON, Dec 6 (AFP): The US pumped out a huge 321,000 new jobs in November, brushing off a global economic slowdown with the best number in nearly three years, the Labor Department said Friday. The surprise surge, some 90,000 jobs...

Unease as Chinese firms win bid for big French airport stake

2014-12-07 00:00:00

PARIS, Dec 6 (AFP): The planned sale to a Chinese consortium of a 49.99 per cent government stake in a major French airport where Airbus tests and assembles planes has sparked a wave of unease. Paris announced Thursday that it...

New coins to help ease Zimbabwe cash crunch

2014-12-07 00:00:00

HARARE, Dec 6 (AFP): Zimbabwe's central bank unveiled special coins on Friday to ease a shortage of low denomination cash, which has forced shoppers to accept sweets or pens in lieu of change. "The bond coins are going to be...

Dollar surges on strong US jobs data, more room to rise

2014-12-07 00:00:00

NEW YORK, Dec 6 (Reuters): The US dollar reached fresh multiyear highs on Friday after a stronger-than-forecast November US jobs report increased expectations the Federal Reserve may begin raising interest rates sooner than previously thought. Employers added the most workers...

Vatican discovers hundreds of millions of euros \\\'tucked away\\\'

2014-12-07 00:00:00

VATICAN CITY, Dec 6 (AFP): The Vatican's economy czar said Friday he had stumbled across hundred of millions of euros "tucked away" in various accounts, describing the windfall as a relic of the papacy's medieval but soon-to-be reformed financial set-up....

Bhutan businessmen interested to invest in joint-venture

FE Report | 2014-12-07 00:00:00

Bhutanese businessmen Saturday expressed their interest to invest in tourism, construction, light engineering and agro-based industry in Bangladesh through joint venture. The expression of interest for joint venture investment came at a meeting between the Federation of Bangladesh Chambers of...