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Jayawardene bids adieu

2014-08-13 00:00:00

COLOMBO, Aug 12 (AFP): Test cricket will bid farewell to one of its most elegant strokemakers when Sri Lanka's Mahela Jayawardene quits the longer format after the second Test against Pakistan, starting in Colombo Thursday. Few cricketers have exemplified the...

McIlroy wins dramatic shootout to take PGA title

2014-08-13 00:00:00

LOUISVILLE, Aug 12 (AFP):Rory McIlroy put himself among golf's greatest legends Sunday by winning his fourth major title in dramatic fashion, capturing the PGA Championship in a shotmakers' showdown at rain-softened Valhalla. Three weeks after winning the British Open, the...

Kaneria loses final legal challenge against life ban

2014-08-13 00:00:00

LONDON, Aug 12 (AFP): Former Pakistan international Danish Kaneria has lost his final legal challenge in an English court against a life ban imposed by the England and Wales Cricket Board for spot-fixing while playing for county side Essex, it...

European stocks higher at the close

2014-08-13 00:00:00

LONDON: European stock markets bounced back with solid gains on Wednesday, as London's benchmark FTSE 100 index closed 0.37 per cent higher at 6,656.68 points. In Frankfurt, the DAX jumped 1.43 per cent to 9,198.88, while in Paris the CAC...

sports digest

2014-08-13 00:00:00

Ajmal reported for suspect action COLOMBO, Aug 12: Pakistan off-spinner Saeed Ajmal, the world's top-ranked bowler in one-day cricket, has been reported for a suspect action for the second time in his career, the world governing body said Monday. Match...

Gold in tight range above $1,300

2014-08-13 00:00:00

SINGAPORE, Aug 12 (Reuters) - Gold was trapped in a narrow range above $1,300 an ounce on Tuesday as equities gained ground, with investors appearing to set aside for now geopolitical worries concerning Ukraine. Spot gold was steady at $1,308...

Oil prices down on ebbing supply fears

2014-08-13 00:00:00

SINGAPORE, Aug 12 (AFP): Oil prices fell in Asia Tuesday on easing concerns about supply disruptions arising out of conflicts in Ukraine and Iraq, analysts said. US benchmark West Texas Intermediate for September delivery eased 33 cents to $97.75 while...

Polish food sector suffers losses due to Russian embargo

2014-08-13 00:00:00

WARSAW, Aug. 12 (Xinhua): Polish authorities are trying to counteract against the aggravating situation of Polish food industry, including farmers, breeders and orchard owners and the losses they sustain due to the Russian embargo. Russia announced on Thursday last week...

Copper drops towards 6-week lows

2014-08-13 00:00:00

SYDNEY, Aug 12 (Reuters): London copper skidded to within sight of its lowest since June on Tuesday, as concerns over geopolitical tensions in Iraq and Ukraine clouded the outlook for demand amid thin summer trade. Copper prices have been hemmed...

Global Commodity Prices

2014-08-13 00:00:00

Photo: VERIA, Greece: A peach producer throws peaches

2014-08-13 00:00:00

Detailed DSE Trading

2014-08-13 00:00:00

Incorporating global standard tech in local market aimed at

Mohammad Ali | 2014-08-13 00:00:00

Country's leading bankers have moved to gear up awareness programme on fool-proof financial transactions and contain financial frauds by incorporating global standard technology in the local market. The Bangladesh part of SWIFT, a global cooperative that facilitates secure inter-bank financial...

Rights offer of ICB, IPO of Hamid Fabrics approved

FE Report | 2014-08-13 00:00:00

The securities regulator has approved the rights offer of the Investment Corporation of Bangladesh (ICB) and the IPO (initial public offering) proposal of Hamid Fabrics, officials said. The decisions were taken at a commission meeting held at the office of...

Stocks see modest correction

FE Report | 2014-08-13 00:00:00

The stock market suffered a modest correction Tuesday after six consecutive sessions of winning streak as investors went for pocket profits. The market opened with a positive note, but could not sustain amid profit booking sale pressure. DSEX, the prime...

News Briefs

2014-08-13 00:00:00

Khulna Printing trading begins Aug 18 Trading of the shares of Khulna Printing and Packaging Limited (KPPL) will commence at the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) from August 18 (Monday) under 'N' category, officials said. The...

Photo: Bangladesh Bank Governor Aitur Rahman addressing

2014-08-13 00:00:00

Sensex posts biggest daily gain in nearly 10 weeks

2014-08-13 00:00:00

MUMBAI, Aug 12 (Reuters): The BSE Sensex posted on Tuesday its biggest daily gain since June 6, rising for a second straight session, helped by news that Tata Motors Ltd had tripled its quarterly net profit. The broader Nifty's fall...

ICSB delegates meet Muhith

2014-08-13 00:00:00

A delegation of Institute of Chartered Secretaries of Bangladesh (ICSB) met with Finance Minister Abul Maal Abdul Muhith Tuesday at ERD office in the city. Mohammad Asad Ullah FCS, president of ICSB along with some of his Council Members were...

Sime Darby hires banks for $500m autos IPO

2014-08-13 00:00:00

KUALA LUMPUR, Aug 12 (Reuters): Malaysian plantations-to-motoring group Sime Darby has hired four banks to arrange a stock market listing for its autos business that could raise $500 million by the second quarter of next year, sources familiar with the...

GSK entry announced for Healthcare Award

2014-08-13 00:00:00

GSK and Save the Children continue to call for applications for their 2014 $1 million Healthcare Innovation Award, as previous winners attract interest and support from national governments to help improve survival rates of newborns and children under five in...

Tokyo stocks close up 0.20pc

2014-08-13 00:00:00

TOKYO, Aug 12 (AFP): Tokyo stocks rose 0.20 per cent on Tuesday, as the weaker yen lifted exporter shares and after Wall Street notched up gains. The benchmark Nikkei 225 index added 30.79 points to finish at 15,161.31, while the...

CSE to brief newsmen

FE Report | 2014-08-13 00:00:00

Chittagong Stock Exchange (CSE) has taken initiatives to brief the journalists twice every month on the capital market, officials said. The officials of the port city bourse have said the regular press briefing will be held at the CSE's Dhaka...

Photo: Social Islami Bank Limited

2014-08-13 00:00:00

Photo: Sonali Life Insurance Company Limited and bKash Limited

2014-08-13 00:00:00

BD airspace to get Wi-Fi as Swiss co bags contract

Khairul Islam | 2014-08-13 00:00:00

The government has awarded a Swiss company the job for establishing internet connectivity to all incoming and outbound aircraft in Bangladesh, a senior official said. Switzerland-based OnAir powered by Airbus, a leading aircraft manufacturer, and SITA, another IT solution provider...

Western Marine to build hi-tech ship for Kenya

Our Correspondent | 2014-08-13 00:00:00

CHITTAGONG, August 12: Western Marine Shipyard entered into contract with JGH Marine A/S Denmark to build an offshore patrol vessel (OPV) for the Kenyan Ministry of Fisheries, Livestock and Agriculture. Minister of Shipping Shajahan Khan was chief guest at the...

IEA lowers outlook for oil demand on unsteady global growth

2014-08-13 00:00:00

PARIS, Aug 12 (AFP): Unsteady global economic growth is holding down oil demand and prices despite worries about conflict in key regions, the IEA said on Tuesday lowering its demand forecasts. "Despite armed conflict in Libya, Iraq and Ukraine, the...

India\\\'s industrial growth slows in June, inflation a worry

2014-08-13 00:00:00

NEW DELHI, Aug 12 (Reuters): India's industrial output slowed in June, though expanding for a third straight month, its best run since last September, boosting Asia's third-largest economy as it struggles to emerge from the longest spell of sub-par growth...

News Briefs

2014-08-13 00:00:00

VW brand sales rise BERLIN, Aug 12: German carmaker Volkswagen increased sales at its core passenger-car brand by 4.0 per cent in July as higher deliveries in Europe and China offset declines in the Americas. Sales of VW brand-badged cars...