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FBCCI hails PM over maritime boundary verdict

2014-07-11 00:00:00

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has welcomed Prime Minister Sheikh Hasina and her government over the recent verdict of maritime boundary dispute with neighbouring India. In a statement Thursday, the Chamber said Bangladesh has won...

News Briefs

2014-07-11 00:00:00

China gives $14.4b in foreign aid in three years BEIJING, July 10: China, the world's second-largest economy after a decades-long boom, provided a total of 89.3 billion yuan (now $14.4 billion) in foreign aid in the three years to 2012,...

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

2014-07-11 00:00:00

Photo: Social Islami Bank Limited Agrabad Branch

2014-07-11 00:00:00

German envoy to see mighty flag

2014-07-11 00:00:00

German Charge d’Affaires Dr Ferdinand von Weyhe will visit Magura this Saturday to meet German football’s fan Amzad Hossain as a token of his gratitude. Peasant Amzad, a resident of Ghoramara village in Magura Sadar Upazila, made a 3.5-km-long German...

More VAT collection needed to keep economic wheel moving fast

2014-07-11 00:00:00

RAJSHAHI, July 10 (BSS): More Value Added Tax (VAT) collection is important to keep the country's economic wheel moving at a faster pace instead of relying on foreign help, speakers at a views-sharing meeting said here Thursday. They viewed there...

China June trade data misses forecasts, doubts over economy linger

2014-07-11 00:00:00

BEIJING, July 10 (Reuters): China's trade performance improved in June but still missed market forecasts, reinforcing expectations that Beijing will have to unveil more stimulus measures to stabilise the economy and meet its 2014 growth target. Exports rose 7.2 per...

Boeing forecasts $5.2t in aircraft orders over next 20 years

2014-07-11 00:00:00

PARIS, July 10 (AFP): Aviation giant Boeing on Thursday raised its forecast for aircraft demand, saying it now expects to deliver 36,770 planes over the next two decades in deals worth $5.2 trillion (3.8 trillion euros). Boeing's latest forecast is...

Singapore to stop issuing Sg$10,000 note to deter money laundering

2014-07-11 00:00:00

SINGAPORE, July 10 (AFP): Singapore's central bank said Thursday it would stop issuing Sg$10,000 ($8,000) notes to help deter money laundering, with critics complaining the note is the bill of choice for bribe-payers in neighbouring Indonesia. A spokeswoman for the...

Malaysia raises interest rate in first hike in three years

2014-07-11 00:00:00

KUALA LUMPUR, July 10 (AFP): Malaysia's central bank on Thursday raised a key interest rate to curb inflation in the first adjustment in more than three years, amid public protests over price hikes. Bank Negara said it decided to raise...

Australia jobless rate matches decade high 6.0pc in June

2014-07-11 00:00:00

SYDNEY, July 10 (Reuters): Australian employment posted a solid rise in June, beating  forecasts, but that did not prevent the unemployment rate from matching a decade peak of 6.0 per cent as more people went looking for work. A net...

Photo: TOKYO, Japan: World Bank Group President Jim Yong Kim (right) shakes hands

2014-07-11 00:00:00

European markets benefit from easing tensions in Portugal

2014-07-11 00:00:00

LONDON: European equities scraped back some lost ground on Friday as officials in Lisbon moved to allay fears of a potential Portuguese banking crisis. London's FTSE 100 closed with a gain of 0.27 percent at 6,690.17 points, Frankfurt's DAX 30...

Grameen Bank has no associate organisations, BB told

Abul Kashem | 2014-07-11 00:00:00

The Grameen Bank (GB) has said it has not established any associate organisations and the companies operating in the country under the name 'Grameen' are independent and separate entities. "Neither GB has set up any such associate organisation(s) nor it...

ILO, Myanmar to develop employers\\\' capacity

2014-07-11 00:00:00

YANGON, July 10 (Xinhua): Myanmar's biggest business organisation and the International Labour Organisation (ILO) will launch a project for boosting the capacity of employers' organisations in Myanmar and promoting work principles and sustainable enterprises, state media reported today. According to...

US, China fail to paper over cracks in ties

2014-07-11 00:00:00

BEIJING, July 10 (AFP): The United States and China Thursday ended two days of high-stakes talks seeking to put on a show of unity despite failure to paper over obvious fault lines on cyber-spying and maritime disputes. Sitting alongside his...

Philippines May exports rise

2014-07-11 00:00:00

MANILA, July 10 (Reuters): Philippine exports reached their highest value in at least 17 months in May, supporting forecasts of robust growth for one of Southeast Asia's fastest growing economies and giving the central bank more leeway to tighten policy...

BoE keeps rates at record low

2014-07-11 00:00:00

LONDON, July 10 (AFP): The Bank of England (BoE) opted Thursday to keep interest rates at a record-low 0.50 per cent, despite Governor Mark Carney's recent warning that they could rise sooner than expected. The British central bank's nine-member monetary...

S Korea, China to hold 12th FTA talks next week

2014-07-11 00:00:00

SEOUL, July 10 (Xinhua): South Korea and China planned to hold the 12th round of negotiations for a bilateral free trade agreement (FTA) next week after leaders of the two countries agreed last week to wrap up the talks by...

exchange rate

2014-07-11 00:00:00

Photo: SYDNEY, New South Wales, Australia: A photo taken on March 31, 2014, showing a window cleaner at work

2014-07-11 00:00:00

Photo: LONDON: People holding banners and placards

2014-07-11 00:00:00

69-member BD contingent to participate in C’wealth Games in Glasgow

2014-07-11 00:00:00

A 69-member contingent will represent Bangladesh in the 20th Commonwealth Games to be held in Glasgow, Scotland from July 23 to August 4 this year, keeping their eyes on shooting, boxing and gymnastics medals, reports UNB. The first batch of...

Dilshan shines as SL thrash South Africa

2014-07-11 00:00:00

PALLEKELE, July 10 (AFP): Tillakaratne Dilshan starred with both the bat and the ball as Sri Lanka crushed South Africa by 87 runs in their second one-dayer Wednesday to draw the three-match series level at 1-1. Dilshan smashed 86 off...

Dutch media mourns defeat in World Cup \\\'chess game\\\'

2014-07-11 00:00:00

THE HAGUE, July 10 (AFP): Dutch media Thursday mourned the Netherlands' 4-2 penalty shootout defeat by Argentina, but for some there was relief at not having to face a rampant Germany in the World Cup final. "It's over: The Oranje...

Pakistan to elect new cricket chief after Sethi ousted

2014-07-11 00:00:00

ISLAMABAD, July 10 (AFP): Pakistan cricket's administration crisis took a fresh turn Thursday after Najam Sethi was removed as chief of Pakistan Cricket Board for the third time and former judge Jamshed Ali Shah was installed as interim chief. The...

Vijay departs as Dhoni bats on in first Test

2014-07-11 00:00:00

NOTTINGHAM, July 10(AFP): England finally saw the back of Murali Vijay as India continued to grind out the runs in the first Test at Trent Bridge Thursday. India were 342 for five at lunch on the second day after opener...

sports digest

2014-07-11 00:00:00

Trent Bridge groundsman apologises for 'Indian' pitch NOTTINGHAM, July 10: Nottinghamshire head groundsman Steve Birks said things hadn't gone to plan after appearing to produce a pitch ideally suited for India, rather than England, in the first Test at Trent...

Photo: Bangladeshi vendors sell vegetables in front of a street painting

2014-07-11 00:00:00

Romero breaks Dutch hearts

2014-07-11 00:00:00

Lionel Messi will walk out at the Maracana stadium on Sunday to take on Germany in the World Cup final, an underdog for once in his life but given the opportunity to walk in the footsteps of the finest players...