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Gold prices slid towards $1,200 an ounce

2014-10-31 00:00:00

LONDON, Oct 30 (Reuters): Gold prices slid towards $1,200 an ounce on Thursday, hitting their lowest in 3-1/2 weeks, after the Federal Reserve ended its bond-buying stimulus programme on an unexpectedly hawkish note. Spot gold fell as low as $1,201.21...

Oil prices down in Asian trade

2014-10-31 00:00:00

SINGAPORE, Oct 30, 2014 (BSS/AFP) - Oil prices edged lower in Asia today but losses were limited by a surprisingly upbeat assessment of the US economy by the Federal Reserve, analysts said. US benchmark West Texas Intermediate (WTI) for December...

Photo: Janata Bank Training Institute (JBTI)

2014-10-31 00:00:00

Global Commodity Prices

2014-10-31 00:00:00

Myanmar minister sees more trade growth with B’desh

Mohammad Ali | 2014-10-31 00:00:00

Construction materials like iron bar, cement and other machinery equipments could be potential items for Bangladeshi businesses to export to neighbouring Myanmar, enhancing bilateral trade volume between the two countries. "We import raw materials for construction like iron bar, cement,...

Bangladesh ahead of others except Vietnam as a market-oriented economy : PRC findings

FE Report | 2014-10-31 00:00:00

"The Bangladeshi economy has benefited greatly over the last two decades from an export-oriented push at the entry level of the manufacturing space-garments. Bangladesh is now the world's number two garment exporter, just after China." This has been noted by...

Govt trying to meet country\\\'s increasing power demand : Minister

FE Report | 2014-10-31 00:00:00

Minister for Power, Energy & Mineral Resources Nasrul Hamid Bipu said Wednesday that the government is pursuing bilateral, trilateral and regional initiatives to meet increasing demand for electricity in the country. "The demand for power is ever increasing and in...

News Briefs

2014-10-31 00:00:00

BKB gets new MD Veteran banker MA Yousoof joined Bangladesh Krishi Bank (BKB) as its managing director (MD) Wednesday. Prior to the position, he was the managing director of Ansar - VDP Unnayan Bank. He started his banking career at...

Photo: South Bangla Agriculture & Commerce (SBAC) Bank Limited

2014-10-31 00:00:00

Photo: Bangladesh Commerce Bank Limited

2014-10-31 00:00:00

Govt cuts DAP price by Tk 2.0 per kg

Yasir Wardad | 2014-10-31 00:00:00

The fertiliser cost of farmers may decline by Tk 1.40 billion this fiscal year (FY) as the government has cut price of diammonium phosphate (DAP) by Tk 2.00 per kg, officials said. An official at the Ministry of Agriculture (MoA)...

Tofail for prepping up physically-challenged people

2014-10-31 00:00:00

Commerce Minister Tofail Ahmed has stressed the need for prepping up the physically-challenged people for the country's services sectors. The minister said this while addressing a seminar as the chief guest organised by Palli Karma-Shahayak Foundation (PKSF) as part of...

Domestic logistics business sees 10pc growth a year

Shamsul Huda | 2014-10-31 00:00:00

Domestic logistics business is growing with a positive trend through direct penetration of consumer products and services everywhere in the country, sources said. Along with the professional logistics entrepreneurs the corporate houses and industries are developing their own resources for...

50pc youngsters trained on IT get jobs

2014-10-31 00:00:00

Almost 50 per cent youngsters, who were provided with quality training to develop them as information technology (IT) leaders, got job in the IT industries and organisations and the remaining are in the process of joining, official sources said, reports...

Photo: A view of the ACI Agribusiness-organised Agri Tech Fair at the ACI Centre

2014-10-31 00:00:00

Businesses, trade to support US Q3 growth

2014-10-31 00:00:00

WASHINGTON, Oct 30 (Reuters): A robust pace of business spending likely buoyed US economic growth in the third quarter, a sign corporate chieftains have confidence in the sustainability of the recovery. Gross domestic product likely grew at a 3.0 per...

Microsoft launches wearable fitness device for $199

2014-10-31 00:00:00

BANGALORE, Oct 30 (Reuters): Microsoft Corp launched a device called "Microsoft Band" that will allow users to monitor their fitness and exercise regime, marking the world's largest software company's debut into the wearable technology market. The wrist-worn device has sensors...

Samsung seeks smartphone revamp to arrest profit slide

2014-10-31 00:00:00

SEOUL, Oct 30 (Reuters): Samsung Electronics Co Limited said on Thursday it would revamp its smartphone line-up to take on competitors in the rapidly growing mid-to-low range segment, after third-quarter earnings set it on course for its worst year since...

ICICI Bank Q2 net profit up 15 per cent

2014-10-31 00:00:00

MUMBAI, Oct 30 (Reuters): ICICI Bank Ltd, India's biggest private sector lender, reported a record quarterly profit on Thursday that beat analyst estimates, but bad loans rose and sent its shares lower. Net profit rose 15 per cent to Rs...

Visa sees mobile payment as big growth driver

2014-10-31 00:00:00

Visa Inc reported a better-than-expected adjusted quarterly profit and said the mobile payment industry would be "a great driver" for business, sending its shares up nearly 4.0 per cent in extended trading, reports Reuters. The world's largest credit and debit...

ConocoPhillips quarterly profit up on asset sale

2014-10-31 00:00:00

ConocoPhillips, the largest US independent oil company, reported on Thursday a higher third-quarter profit as results were lifted by the sale of its Nigerian business, reports Reuters. Profit was $2.7 billion, or $2.17 per share, compared with $2.5 billion, or...

National hockey tournament kicks off November 5

2014-10-31 00:00:00

ATN Bangla Gold Cup National Hockey Tournament will begin November 5 at the Maulana Bhashani Hockey Stadium in the city, reports UNB. In the opening match Bangladesh Air Force will take on Comilla District team at 11:05 am. ATN Bangla...

Younis, Azhar dissect Australia

2014-10-31 00:00:00

ABU DHABI, Oct 30 (AFP): Younis Khan became the first batsman in 90 years to hit three hundreds in consecutive innings against Australia as Pakistan took early advantage of the second Test in Abu Dhabi Thursday. The 36-year-old, who smashed...

Pakistan nominates Sethi for ICC presidency

2014-10-31 00:00:00

KARACHI, Oct 30 (AFP): Pakistan Thursday nominated Najam Sethi as its candidate for the presidency of cricket's world governing body next year, three months after he resigned as the head of the national board. Sethi's nomination for the presidency of...

Juventus lose at Genoa, Roma beat Cesena

2014-10-31 00:00:00

MILAN, Oct 30 (AP): A stoppage-time goal saw Juventus fall to its first league defeat since March as it lost 1-0 at Genoa Wednesday, allowing Roma to move level at the top of Serie A with a 2-0 win over...

DC Gold Cup football begins in Gopalganj

Our Correspondent | 2014-10-31 00:00:00

GOPALGANJ, Oct 30: A 12-day Deputy Commissioner (DC) Gold Cup Football Tournament- 2014 began at the Sheikh Fazlul Haque Moni Stadium here Thursday. District Administration and District Sports Association, Gopalganj, jointly organised the football tournament and it will continue toll...

Jurain JC beat Swatirtha

2014-10-31 00:00:00

Jurain Janata Club of Jatrabari defeated Swatirtha Club by 37-19 goals in the match of Marcel LED Television 1st Division Handball League at the Shaheed Captain M Mansur Ali National Handball Stadium in the city Thursday, reports UNB. Jurain JC...

Choi joins fight against match-fixing

2014-10-31 00:00:00

TOKYO, Oct 30 (AFP): Disgraced former South Korea striker Choi Sung-Kuk, banned by the K-League in 2011 for match-fixing, has joined the fight to help better educate players to avoid the same pitfalls. "For a lot of players, all they...

Friends, Bashabo play goalless match

2014-10-31 00:00:00

The Bengal Group Senior Division Football League match Thursday between Friends Social Welfare Org and Bashabo Tarun Sangha ended in a goalless draw, reports UNB. The day's only match was held at the Bangabandhu National Stadium in the city. In...

Men\\\'s WC could be on artificial turf, says FIFA

2014-10-31 00:00:00

LONDON, Oct 30 (AP): The men's World Cup could be played "sooner rather than later" on artificial turf, FIFA said Wednesday in the latest defense of its decision not to stage the 2015 women's tournament in Canada on grass. World...