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Polish PM: risk grows of Russia entering Ukraine

2014-08-06 00:00:00

Poland's prime minister says he has information indicating that there is a growing threat of a ‘direct intervention’ by Russia in Ukraine. Donald Tusk said Wednesday that his assessment is based on information he has been receiving for the past...

Modi keen to push LBA through

2014-08-06 00:00:00

Narendra Modi is bullish on his government's neighbourhood policy and as part of it wants to push through the Land Boundary Agreement (LBA), signed with Bangladesh by his predecessor Manmohan Singh, in this winter. "He wants this done in the...

Lanxess chemicals says profits up in Q2

2014-08-06 00:00:00

Lanxess, the German maker of speciality chemicals, said on Wednesday that its profits rose in the second quarter, driven by strong demand for agrochemicals. ‘Business development in the second quarter of 2014 was marked by good demand for agrochemicals and...

Thai central bank holds rates as economy shows signs of life

2014-08-06 00:00:00

Thailand's central bank held its key interest rate Wednesday as the kingdom's economy showed signs of revival after an army coup ended months of political protest which rattled consumers, tourists and investors. The Bank of Thailand kept its policy rate...

Standard Chartered faces new US money-laundering probe

2014-08-06 00:00:00

Standard Chartered confirmed Wednesday that it faces fresh US fines over alleged breaches in its anti-money laundering systems, two years after it paid massive penalties for violating American sanctions. Media reports said the probe by New York's financial regulator followed...

HypoVereinsbank says it will shed 1,500 jobs

2014-08-06 00:00:00

HypoVereinsbank, the German subsidiary of Italian banking giant UniCredit, said on Wednesday it plans to axe 1,500 jobs in a shake-up of its high-street branch network. ‘The number of full-time positions will be reduced by around 1,500 across the country,’...

Standard Chartered H1 net profit up 8.4 per cent

2014-08-06 00:00:00

Standard Chartered said Wednesday its year-on-year profit for the first half of 2014 was up slightly at 8.4 per cent, but confirmed it faces fresh US fines over alleged breaches of money-laundering regulations. Net profit stood at $2.31 billion for...

US drone kills 7 militants in Pakistan

2014-08-06 00:00:00

Two Pakistani intelligence officials say a US drone has fired two missiles at a sprawling compound in a northwestern tribal region, killing seven militants. The officials say the strike took place on Wednesday in Datta Khel, a town in North...

Iran official: No new details on detained reporter

2014-08-06 00:00:00

A spokeswoman for Iran's Foreign Ministry says there still is no new information about the Washington Post correspondent detained with three others last month. Marzieh Afkham told journalists Wednesday that ‘should new information be provided (by the judiciary), we will...

WHO holds emergency Ebola meeting

2014-08-06 00:00:00

The World Health Organization on Wednesday began a two-day emergency meeting on West Africa's Ebola epidemic, with the UN agency deciding whether to declare it an international crisis. The closed-door session is tasked with ruling whether the outbreak constitutes what...

11 bodies floating in rivers

2014-08-06 00:00:00

Corpses have been spotted downstream of Padma and Meghna rivers on Wednesday, two days after a launch sank near Mawa ferry Ghat in Munshiganj. Eleven bodies have been found floating in the rivers of Bhola, Chandpur, Shariatpur and Barisal in...

Obama announces $33 bn in new commitments to Africa

2014-08-06 00:00:00

US President Barack Obama announced $33 billion in new investment and financing commitments to Africa during a three-day summit with dozens of leaders from the continent. ‘That will support development across Africa and jobs in the United States,’ Obama said....

Tagore’s 73rd death anniv today

2014-08-06 00:00:00

Today is 22nd of Shraban, the 4th month in Bengali calendar. Rabindranath Tagore passed away on this day. The nation is observing the 73rd death anniversary of the Nobel laureate poet through various programmes. Different organisations and television channels are...

RBI governor calls for stronger boards at state-run lenders

2014-08-06 00:00:00

The Reserve Bank of India Governor Raghuram Rajan said the boards at domestic public sector banks needed to be strengthened while the incentive structure for chief executives of these lenders need to be improved to enhance corporate governance. Rajan, in...

PM orders recruitment of 10,000 nurses

2014-08-06 00:00:00

Prime Minister Sheikh Hasina on Wednesday directed the Health Ministry to take necessary steps for creating posts and appointing 10,000 more nurses to ensure better treatment of the country’s common people. ‘I’m asking the Health Minister to come up with...

China central bank says to keep monetary policy stable in H2

2014-08-06 00:00:00

China will keep its monetary policy stable in the second-half of this year while making ‘targeted’ adjustments to policy settings, the central bank said on Wednesday. Authorities would continue to refine China's currency and interest rate regimes, and quicken the...

Babar indicted for tax evasion

2014-08-06 00:00:00

A Dhaka court has framed charges against former state minister for home affairs Lutuzzaman Babar in a tax evasion case. The court of Dhaka’s Special Judge Rezaul Islam set September 12 for witnesses’ deposition in the Tk 26.5 million tax...

Ukraine tensions push yields on safe-haven Bonds to record lows

2014-08-06 00:00:00

German Bund yields fell to record lows on Wednesday as investors sought refuge in top-rated assets after Russia appeared to step up military exercises near its border with Ukraine. Data showing Italy unexpectedly slipped back into recession in the second...

7 killed as two buses collide in Narsingdi

2014-08-06 00:00:00

At least seven people were killed and 60 others injured as two buses caught fire after a collision at Shibpur Upazila of Narsingdi on Wednesday. Two of the deceased were identified as Swarna Akther, 17, an HSC student of Siddheshwari...

S Africa to hire manpower from BD: Minister

2014-08-06 00:00:00

Expatriates’ Welfare and Overseas Employment Minister Engineer Khandaker Mosharraf Hossain on Wednesday said South Africa will soon recruit skilled workers and professionals, especially farmers, from Bangladesh. ‘There’s a huge demand for Bangladeshi workers in South Africa. The South African government...

Iraq TV: Airstrike kills 60 militants in north

2014-08-06 00:00:00

An Iraqi army air-strike in the militant-held northern city of Mosul on Wednesday killed 60 fighters from the extremists Islamic State group, Iraq's state television reported. The claim could not be independently verified and the area was inaccessible to most...

Hajj flights to begin Aug 27

2014-08-06 00:00:00

Hajj flights to carry Bangladeshi pilgrims to Saudi Arabia will begin on August 27 and continue till September 28. Religious Affairs Secretary Chowdhury Md Babul Hassan said this while briefing reporters at the Religious Affairs Ministry after an inter-ministerial meeting...

6,221 doctors to join govt job Thursday

2014-08-06 00:00:00

Some 6,221 doctors who came out successful in the 33rd BCS examination under the health cadre will join the government job on Thursday. The selected physicians have been asked to appear at Bangabandhu International Conference Centre in the city between...

Launch capsize: 16 bodies recovered from Meghna, Padma

2014-08-06 00:00:00

The floating bodies of 16 more Pinak-6 launch capsize victims were recovered from the Meghna and Padma rivers in the district and Chandpur, Bhola, Shariatpur and Barisal districts Wednesday, according to a news agency. Deputy Commissioner of Munshiganj Md Saiful...

UK parliamentary committee urges action on Gaza

2014-08-06 00:00:00

British Prime Minister David Cameron is coming under increased pressure over his government's policies on Gaza, after a cross-party parliamentary committee urged him Wednesday to press Israel to lift restrictions on trade and travel in the Palestinian territory. The Commons...

Charge framing against BNP leaders, activists slammed

2014-08-06 00:00:00

BNP spokesperson Mirza Fakhrul Islam Alamgir on Wednesday alleged that charges were farmed against BNP leaders and activists in a ‘false case’ in a bid to keep the party out of election and annihilate it politically. “The government has filed...

Pakistan look to break coaching jinx

2014-08-06 00:00:00

KARACHI, Aug 5 (AFP): If any further proof were needed of the chaos prevailing in Pakistani cricket, the 27th change of coach since the country's sole World Cup win in 1992 provides it. Pakistan's series against Sri Lanka, which begins...

Sudan security-linked website hacked again

2014-08-06 00:00:00

For the second time in a month, hackers have attacked a Sudanese website close to the country's powerful security apparatus. The website of the Sudanese Media Centre (SMC), http://smc.sd, was inaccessible and carried the message: ‘hacked again by 7r9 al7dod’....

10 killed as two buses collide in Narsingdi

2014-08-06 00:00:00

NARSINGDI: At least ten people were killed and 58 others injured as two buses caught fire after a collision on Dhaka-Sylhet highway at Amtala in Shibpur upazila Wednesday afternoon. Two of the deceased were identified as Swarna Akther, 17, an...

8 killed as two buses collide in Narsingdi

2014-08-06 00:00:00

NARSINGDI: At least eight people were killed and 58 others injured as two buses caught fire after a collision on Dhaka-Sylhet highway at Amtala in Shibpur upazila Wednesday afternoon. Two of the deceased were identified as Swarna Akther, 17, an...