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UGC seeks help to stop illegal practices by private universities

2014-08-15 00:00:00

The University Grants Commission has sought help from the law and the home ministries as well as the judiciary to stop unethical practices by private universities, according to a news agency. In a media statement issued Friday, the UGC described...

Global gold demand weaker, WGC says

2014-08-14 00:00:00

Gold consumption fell by an annualised 16 percent in the second quarter of 2014 as Chinese and Indian buyers cut back on record purchases a year earlier, sector data showed Thursday. A director of the World Gold Council (WGC) forecast...

Asian forex, commodity mkt update

2014-08-14 00:00:00

In Asian forex markets Thursday, the dollar was at 102.41 yen in early trade compared with 102.43 yen in New York late Wednesday. The euro bought $1.3365 and 136.91 yen against $1.3363 and 136.89 yen in US trade. And in...

Two N. Koreans swim across sea border to S. Korea: report

2014-08-14 00:00:00

Two North Koreans swam across the sea border with South Korea on Thursday, Seoul's Unification Ministry said, in a rare maritime defection across the tense boundary. Two men -- in their 20s and 50s -- swam across the Yellow Sea...

UK woman convicted of funding terrorism in Syria

2014-08-14 00:00:00

A woman accused of asking a friend to smuggle cash to her husband — an alleged jihadi fighter in Syria — has been found guilty of funding terrorism. Prosecutors say 27-year-old Amal El-Wahabi tried to get her friend, Nawal Msaad,...

Stocks close higher

FE Online Report | 2014-08-14 00:00:00

Stocks ended higher on Thursday after previous session’s flat movement with improved turnover as investors went for buying spree. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,554.51 points, gaining 27.30 points or 0.60 per cent....

Brazil presidential candidate dies in plane crash

2014-08-14 00:00:00

Brazilian presidential candidate Eduardo Campos died Wednesday when his campaign jet slammed into houses in Santos city in bad weather, killing all seven people on board and setting buildings alight. Campos, a 49-year-old socialist who had been running third in...

US drones strike jihadist target in northern Iraq

2014-08-14 00:00:00

The US air campaign in Iraq against jihadist militants from the so-called Islamic State continued Wednesday with a drone strike on an armed truck west of the Yazidi town of Sinjar, the military said. US Central Command, which oversees operations...

ICB, IDCOL, BDBL hand over dividends to govt

2014-08-14 00:00:00

Three state-owned financial institutions have handed over Tk 690.56 million to the government in dividends for FY 13-14. Representatives of Investment Corporation of Bangladesh (ICB), Infrastructure Development Company (IDCOL) and Bangladesh Development Bank Ltd (BDBL) handed over the dividend payouts...

S.Korea: Relatives of ferry victims hope for papal boost

2014-08-14 00:00:00

The relatives of some of the more than 300 people killed in an April ferry sinking are hoping Pope Francis' visit to South Korea will provide both solace for their anger and grief — and a boost in their struggle...

$111m ADB loan for Bangladesh

2014-08-14 00:00:00

Bangladesh has signed two separate loan agreements with the Asian Development Bank for tackling river bank erosion and improving farmland and irrigation systems for agriculture. The Manila-based lender says Bangladesh will use $46 million loan for a project on sustaining...

German bond rate falls below 1.0% for first time

2014-08-14 00:00:00

Collapsing growth in the main eurozone economies pushed funds into the safety of German debt bonds on Thursday, causing the German borrowing rate to fall below 1.0 per cent for the first time ever. Shortly after bad second-quarter figures for...

ECB survey says trough reached in eurozone inflation

2014-08-14 00:00:00

Eurozone inflation has ‘more or less’ reached a trough and will start moving higher again in the next few years, a survey by the European Central Bank forecast on Thursday. Inflation in the 18-country eurozone slowed to a meagre 0.4...

S&P downgrades Austrian banks on \\\'bail-in\\\' concerns

2014-08-14 00:00:00

Standard & Poor's has cut the credit ratings of three major Austrian banks in response to new legislation winding up the deeply troubled and nationalised lender Hypo Alde Adria. The ratings were cut by one notch for Erste Group, Raiffeisen...

Indonesia holds key interest rate as deficit widens

2014-08-14 00:00:00

Indonesia's central bank on Thursday kept its key interest rate on hold for a ninth consecutive month despite slowing growth, with its room for manoeuvre limited after the current account deficit more than doubled. Bank Indonesia held the rate at...

China\\\'s Lenovo posts 23% jump in profit

2014-08-14 00:00:00

Lenovo on Thursday posted a 23 per cent jump in quarterly net profit, beating market estimates as the Chinese technology giant logged strong sales of personal computers and smartphones. The world's biggest maker of PCs said net profit for the...

Australian hospital accidentally declares 200 patients dead

2014-08-14 00:00:00

An Australian hospital apologised ‘unreservedly’ Thursday after sending out notices to the doctors of more than 200 patients telling them they had died instead of being discharged. The error by Austin Hospital in Melbourne was spotted within hours and the...

Singapore Telecom Q1 net profit down 17 per cent

2014-08-14 00:00:00

Singapore Telecom (SingTel) said Thursday its financial first quarter net profit fell 17.4 per cent from the year before due to the absence of one-time gains and weaker currencies of the countries in which it has key investments. Southeast Asia's...

Australia makes its first airdrop to stranded Yazidis in Iraq

2014-08-14 00:00:00

Australia has carried out its first airdrop to refugees in northern Iraq, Prime Minister Tony Abbott said Thursday, joining a growing international effort to deliver humanitarian assistance. ‘The mission was conducted by a RAAF C-130J Hercules delivering 10 pallets of...

Pakistan anti-government protest marches begin

2014-08-14 00:00:00

Thousands of protesters set off from the Pakistani city of Lahore on Thursday to march on the capital in a bid to unseat the government they claim was elected by fraud. Supporters of cricketer-turned-politician Imran Khan and populist preacher Tahir-ul-Qadri...

China Mobile net profit drops 8.5% on competition, regulation

2014-08-14 00:00:00

China Mobile, the world's biggest mobile operator by subscribers, said Thursday its half-year net profit fell by 8.5 per cent, blaming the downturn on fierce competition and market reforms. The company said in a filing to the Hong Kong bourse,...

Amazon unveils card payment reader, challenging Square

2014-08-14 00:00:00

US online giant Amazon unveiled a new payment card reader for mobile devices Wednesday in challenging a system pioneered by Square. The e-commerce giant unveiled its "Amazon Local Register,’ described as ‘a secure card reader and mobile app that provides...

Slovak PM Critical of Ukraine for Sanctions

2014-08-14 00:00:00

Slovakia's prime minister has criticized Ukraine for preparing sanctions against Russia. Robert Fico says ‘it's weird’ that Ukraine, which has an association agreement with the 28-nation European Union and receives help from the bloc, takes ‘unilateral steps’ that can pose...

US military chief visits Vietnam, 1st since 1971

2014-08-14 00:00:00

US Gen. Martin Dempsey on Thursday became the first chairman of the Joint Chiefs of Staff to visit Vietnam since 1971, seeking to boost military ties between the former foes at a time when Hanoi is embroiled in territorial disputes...

Migrants rush Spanish border 3rd day in a row

2014-08-14 00:00:00

Hundreds of sub-Saharan migrants have tried to scale six-meter (20-foot) barbed-wire fences to enter Spain's northwest African enclave city of Melilla from Morocco for the third day in a row. The Interior Ministry said 250 migrants made the attempt early...

Chinese theaters won\\\'t hire drug-linked Performers

2014-08-14 00:00:00

Performing arts associations in Beijing have pledged not to hire any actors connected with drugs, state media reported Thursday, after an actor became the latest Chinese celebrity detained in one of China's sternest crackdowns on illegal drug use in two...

S. Korea cuts key rate for 1st time in 15 months

2014-08-14 00:00:00

South Korea's central bank cut its key interest rate for the first time in 15 months on Thursday, providing support to an economy dragged down by the shock of a ferry sinking that killed hundreds of teenagers. The Bank of...

Roadside bomb kills 3 Afghan policemen

2014-08-14 00:00:00

An Afghan official says a roadside bomb has stuck a police car in eastern Laghman province, killing three officers. Sarhadi Zwak, the provincial governor's spokesman, says the attack took place on Thursday morning in Badpakh district. He says four policemen...

BNP submits audit report to EC

2014-08-14 00:00:00

BNP on Thursday submitted its annual financial statement to the Election Commission (EC) for the 2013 calendar year. A four-member BNP delegation, led by party joint secretary general Ruhul Kabir Rizvi, handed over the financial report to EC acting secretary...

BD exports to Sweden doubled in 5 yrs: Tofail

2014-08-14 00:00:00

Commerce Minister Tofail Ahmed on Thursday said Bangladesh’s export to Sweden had almost doubled over the last five years and hoped that it would grow further in the coming days following increasing demands. Bangladesh’s export to the Scandinavian country totalled...