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17 dead as militants storm Kashmir army camp

2014-12-06 00:00:00

New Delhi, Dec 5 (AFP): Militants hurling grenades stormed an army camp Friday in Indian Kashmir and killed 11 security officials, police said, ratcheting up violence in the Muslim-majority region which is voting in state elections. Six of the attackers...

Jacob Zuma calls China an anti-colonial force

2014-12-06 00:00:00

BEIJING, Dec 5 (AFP): South African President Jacob Zuma said Friday that China's growing influence in Africa would allow the continent to free itself from "colonial shackles" as he wound up a visit to Beijing. Zuma's government has denied the...

Protesters paralyse streets in NY as white policeman kills black

2014-12-06 00:00:00

NEW YORK, Dec 5, (agencies): Thousands of protesters paralyzed streets in New York  Thursday to condemn police killings of black suspects as details of a new racially tinged death emerged. It was the second night of rallies in America's largest...

Thai king cancels appearance for 87th birthday

2014-12-06 00:00:00

BANGKOK, Dec 5 (AFP): Thailand's ailing King Bhumibol Adulyadej cancelled plans to hold a public annual audience marking his 87th birthday Friday on his doctors' advice, heightening anxiety in the deeply divided kingdom over the monarch's health. The world's longest-serving...

news digest

2014-12-06 00:00:00

S Africans remember Mandela through tradition and prayer PRETORIA, Dec 5: As smoke rose from the long, spiralled kudu horns in his hands, tribal chief Ron Martin raised his voice and praised the spirits of South Africa's ancestors, one year...

Large cap stocks help turn around market

Babul Barman | 2014-12-06 00:00:00

Driven by large cap issues, stocks turned around last week after a bearish mood that spanned for four consecutive weeks. The week featured all five trading sessions and of them, the first and last sessions saw marginal correction while mid-three...

Mohammad Abdul Mannan, Managing Director of Islami Bank Bangladesh Limited

2014-12-06 00:00:00

Banks asked to apply AML and CFT rules to combat pecuniary crimes

Siddique Islam | 2014-12-06 00:00:00

  From Rajshahi The central bank has asked the commercial banks to take effective measures under the anti-money laundering and anti-terror financing laws to check illegal fund transfer and associated pecuniary offences. Such strict directive came at a regional conference on...

Environ-friendly cold storage opens

Special Correspondent From Rajshahi | 2014-12-06 00:00:00

An environment-friendly cold storage with 300 metric tonnes capacity got off the ground today here in this northern city. The Bangladesh Bank (BB) provided Tk 1.40 million for building the cold storage from its corporate social responsibility (CSR) fund. "We'll...

India\\\'s new government kicks off privatisation drive

2014-12-06 00:00:00

NEW DELHI, Dec 05 (AFP): India's new right-wing government kicked off its troubled privatisation drive Friday, selling a five-per cent stake in the state-controlled Steel Authority of India Ltd (SAIL) to generate revenue and plug a gaping budget deficit. The...

Foreign currency remains strong against local

2014-12-06 00:00:00

The foreign currency maintained its strong position throughout the week against the local currency. With the event of the central bank's intervention and increased inward remittances in the month of November, 2014, the market got eased a little bit. Bangladesh...

Shahjalal Islami Bank Limited

2014-12-06 00:00:00

European shares rebound ahead of US jobs data

2014-12-06 00:00:00

PARIS/LONDON, Dec 5 (Reuters): European shares rallied on Friday, recouping most of the previous session's losses, helped by strong German factory orders and expectations for upbeat US jobs data due later in the day. Shares in oil and gas firms...

Malaysia Airlines to suspend shares December 15

2014-12-06 00:00:00

KUALA LUMPUR, Dec 05 (AFP): Malaysia Airlines said its shares will be suspended from the country's stock exchange on December 15 under a government plan to rescue the beleaguered carrier after two devastating aviation tragedies this year. The national flag...

Ariful ton guides Azad to win

2014-12-06 00:00:00

Ariful Islam's unbeaten 115 runs guided Azad Sporting Club to a 9-wicket victory against Eskaton Sabuj Sangha in a match of the Dhaka Metropolis First Division Cricket League at BKSP-4 in Savar Friday, reports UNB. In the day's match, chasing...

Shakib free to play abroad

2014-12-06 00:00:00

The Bangladesh Cricket Board (BCB) has ended the restriction on no-objection certificates being issued to Bangladesh all-rounder Shakib Al Hasan, leaving him free to participate in overseas tournaments, the board president Nazmul Hassan has said, reports Cricinfo. "He has no...

U-12 football team starts dismally

2014-12-06 00:00:00

The Bangladesh Under-12 Football team began dismally in the Super Mokh Cup Football tournament playing 1-1 against Sevilla FC of Spain and losing 0-6 to Chonburi FC of Thailand in Friday's matches at pitch B-1, NSC in Kuala Lumpur, Malaysia,...

Siddikur continues poor performance

2014-12-06 00:00:00

Ace golfer of the country Siddikur Rahman continued his dismal performances in the Bank BRI Indonesia Open golf tournament, playing six-over-par 76 in the second round at the Damai Indah Golf PIK Course in Jakarta Friday, reports UNB. In the...

Basabo beat B’desh Boys

2014-12-06 00:00:00

Basabo Tarun Sangha notched a facile 3-0 win against Bangladesh Boys Club in the only match of the Bengal Group Senior Division Football League at the Bangabandhu National Stadium in the city Friday, reports UNB. Abul scored both the goals...

Rampant Real Madrid eye new record territory

2014-12-06 00:00:00

MADRID, Dec 5 (AFP): La Liga leaders Real Madrid will look to continue their sparkling form with a record-equalling 18th consecutive victory in all competitions as they host Celta Vigo Saturday. The European champions surpassed their previous club record of...

Chelsea, City seek pre-Christmas consolidation

2014-12-06 00:00:00

LONDON, Dec 5 (AFP): With the frantic Christmas fixture schedule looming on the horizon, Chelsea and Manchester City will look to consolidate their positions as Premier League pace-setters in this weekend's matches. The two teams enjoyed breezy wins in mid-week,...

sports digest

2014-12-06 00:00:00

India draw tour game ADELAIDE, Dec 5: India's batsmen gained valuable match practice as their two-day tour match against a Cricket Australia XI ended in a draw in Adelaide Friday. The tourists compiled 375 off 90 overs with stand-in captain...

Investors, clients trust clean businesses: Tofail

FE Report | 2014-12-06 00:00:00

Commerce minister Tofail Ahmed Friday placed importance on 'ethical leadership' in the corporate sector, saying it is needed to attain competitive edge and add value to business. "Ethical leadership is not merely a necessity; it is now an opportunity, a...

Significant progress in RMG, but much more to be done: Germany

FE Report | 2014-12-06 00:00:00

Bangladesh has made a significant progress in improving the overall working conditions in the country's readymade garment (RMG) sector, but still much more needs to be done, said German state secretary for the Federal Ministry of Labour and Social Welfare...

Sugarcane crushing starts in state-run mills

2014-12-06 00:00:00

FE Report Sugarcane crushing season began in the state-run mills on Friday with a production target of 127,000 tonnes for 2014-15. Industries Minister Amir Hossain Amu formally inaugurated the crushing programme in Mobarakganj Sugar Mill in Jhenidah and Keru and...

Biman looks for financier to get delivery of 4 new Boeing aircraft

2014-12-06 00:00:00

In an effort to have the delivery of four 787-8 aircraft by February 2020, cash-strapped Biman Bangladesh Airlines is looking for a financier for the pre-delivery payment (PDP) as term loan for the aircraft, worth USD 136.280 million (US$ 136,280,280),...

Bottled soybean being sold defying reset price

2014-12-06 00:00:00

FE Report Prices of soybean and palm oil decreased slightly in the market on Friday after setting the price anew by the refiners, but bottled version stays at the previous level. Traders said prices of some vegetables witnessed further declined...

PM to inaugurate first-ever Apparel Summit tomorrow

2014-12-06 00:00:00

The first-ever three-day 'Dhaka Apparel Summit' begins in the city on tomorrow (Sunday) to showcase Bangladesh's progress in the vital readymade garment sector and work out a plan to reach a US$ 50-billion export landmark by 2021.Prime Minister Sheikh Hasina...

\\\'Bangladesh can generate energy without fuel\\\'

2014-12-06 00:00:00

Bangladesh has huge potentials to generate energy without any fuel using a new technology, 'Heavy Circular Moving Object's Triggering Energy Conversion' (HECMOTE), said a leading scientist.  "This is a very new technology. This doesn't require any fuel. It's a big...

ILO warns over flatlining wages in developed nations

2014-12-06 00:00:00

GENEVA, Dec 05 (AFP): Wages in developed countries are flatlining and even falling in some places, holding down economic growth after the financial crisis and increasing the risk of deflation, the International Labour Organization said Friday. The UN agency said...