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Asian markets dip as China\\\'s service sector hits a low

2014-08-05 00:00:00

Asian stocks slipped Tuesday after an HSBC report showed the performance of China's service sector fell to a record low in July, and despite a positive lead from Wall Street. The HSBC China services Purchasing Managers' Index in July slipped...

Ban welcomes Gaza ceasefire, urges talks

2014-08-05 00:00:00

United Nations Secretary-General Ban Ki-moon urged ‘utmost restraint’ after Israel and Hamas agreed to begin a new, 72-hour truce Tuesday in their bloody, month-old conflict. The breakthrough came during talks in Cairo on Monday, only days after a similar three-day...

Pinak 6 capsize: 2 bodies found in Chandpur

2014-08-05 00:00:00

Local people found two unidentified bodies, floating on Meghna River in Chandpur district on Tuesday morning. The corpses were recovered from the Meghna River in Chandpur’s Haimchar Upazila in the afternoon, police said. One of the deceased could be a...

Stocks close flat amid choppy trading

FE Online Report | 2014-08-05 00:00:00

Stocks closed flat in the green Tuesday after previous day’s hefty gains with turnover declined slightly as late-hour profit booking wiped out most of early gains. The market started with a positive note, gaining 35 points within first 40 minutes...

S. Korea slams Japan\\\'s \\\'ludicrous\\\' island claim

2014-08-05 00:00:00

South Korea on Tuesday slammed Japan's ‘ludicrous’ reassertion of its claim to a set of disputed islets in a new defence white paper, warning it would further strain relations. The white paper released in Tokyo briefly alluded to a set...

Google defends child porn tip-offs to police

2014-08-05 00:00:00

Google defended Monday its policy of electronically monitoring its users' content for child sexual abuse after it tipped off police in Texas to a child pornography suspect. Houston restaurant worker John Henry Skillern, 41, was arrested Thursday following a cyber-tip...

French troops kill militiamen in Central Africa

2014-08-05 00:00:00

French peacekeeping troops killed several militiamen after they came under attack during a patrol in the north of the Central African Republic, an officer with the African peacekeeping force said Tuesday. Backed by war planes, the French troops opened fire...

I\\\'m not here to criticise ICTs: Rapp

2014-08-05 00:00:00

The visiting US Ambassador at-Large for War Crimes Issues Stephen J Rapp has said that he is not here to criticise the International Crimes Tribunals (ICTs) as he wants to see the tribunals as a role model in the international...

Ukraine rebels attacking medics

2014-08-05 00:00:00

Pro-Kremlin rebels in eastern Ukraine are hampering the treatment of a growing number of civilian casualties by threatening doctors, hijacking ambulances and looting medical equipment, Human Rights Watch said Tuesday. ‘Pro-Russian insurgents' attacks on medical units and personnel are putting...

ECNEC OKs 4-project worth Tk 7.20b

2014-08-05 00:00:00

The Executive Committee of the National Economic Council (ECNEC) has approved four development projects with an outlay of Tk 7.2 billion (Tk 720.70 crore). The approval came from Tuesday’s ECNEC meeting held at the NEC Conference Room in city’s Sher-e-Banglanagar...

5 shops gutted in Noakhali fire

2014-08-05 00:00:00

At least five shops were gutted by a fire that broke out at Fakirhat at Senbagh Upazila in Noakhali early Tuesday. Locals said the fire originated from an electric short circuit at a fuel oil shop in the area around...

US demands Sri Lanka enforce its laws in latest rebuke

2014-08-05 00:00:00

The United States on Tuesday demanded Sri Lanka enforce its own laws after a meeting of US diplomats and war widows was disrupted by pro-government activists, in the latest rebuke by Washington. The US embassy said activists led by Buddhist...

120 still missing after Munshiganj launch capsize

2014-08-05 00:00:00

At least 120 people remained missing till Tuesday, a day after a launch with 300 on board sank in Padma River near Mawa Launch Ghat at Lauhajang Upazila in Munshiganj district. Deputy Commissioner Md Saiful Hasan said 100 passengers were...

UN warns Lebanon against getting sucked into Syrian war

2014-08-05 00:00:00

The UN Security Council has backed Lebanon's military action against extremist groups but urged it to stay out of the conflict in neighbouring Syria, as Beirut vowed no leniency for the ‘terrorist killers’. Twenty-two Lebanese soldiers were missing, possibly taken...

Separate city road accidents kill 2

2014-08-05 00:00:00

Two separate road accidents in the city on Tuesday killed a girl and a youth. The accidents took place in Gulistan and Farmgate areas in the morning, police and hospital sources said. A young girl identified as Jesmin Akhter, 18,...

China probes Canadian Christian couple for alleged spying

2014-08-05 00:00:00

China is investigating a Canadian Christian couple for alleged espionage, state media and their son said Tuesday, a week after Ottawa accused Beijing of cyber-spying. Kevin Garratt and Julia Dawn Garratt ‘are under investigation for suspected theft of state secrets...

Afghan soldier \\\'opens fire\\\' at NATO troops in Kabul

2014-08-05 00:00:00

An Afghan soldier opened fire on NATO troops at a military academy on the outskirts of Kabul on Tuesday, officials said, though they were unable to immediately confirm casualty details. ‘We are investigating, but it appears that an Afghan army...

Second American infected with Ebola en route to US

2014-08-05 00:00:00

The second American aid worker recently diagnosed with Ebola in West Africa is en route to Atlanta. A chartered plane specially equipped to contain infectious diseases took off at 1:12 a.m. local time (9:12 p.m. EDT Monday) from the airport...

World Bank pledges millions to Ebola fight as panic grows

2014-08-05 00:00:00

The World Bank has pledged $200 million to help contain the deadly Ebola virus reaping panic across West Africa, as Nigerian authorities say a doctor in Lagos has contracted the disease, the second case in the sprawling city. The confirmation...

US companies plan $14bn in Africa investments

2014-08-05 00:00:00

US companies are planning $14 billion worth of investments in Africa , a White House official said Tuesday as Washington seeks to strengthen commercial ties during the historic US-Africa Leaders Summit. President Barack Obama and US business chieftains hope to...

InterContinental reports sliding profits

2014-08-05 00:00:00

InterContinental Hotels Group said on Tuesday that its profits fell in the first half of the year but the owner of the Holiday Inn chain expressed confidence about the outlook. Net profit slid 30 per cent to $238 million (178...

Credit Agricole reports profit plunge on BES bank collapse

2014-08-05 00:00:00

French bank Credit Agricole SA on Tuesday said the collapse of Portuguese lender BES had slashed its second-quarter profits, and warned that it faces a US probe for possible sanctions-busting. But the bank, one of the biggest in Europe by...

BMW says profits up in Q2

2014-08-05 00:00:00

German top-of-the-range carmaker BMW said Tuesday that profits rose in the second quarter of 2014 on the back of increased demand for its vehicles worldwide. BMW said in a statement that its bottom-line net profit rose by 27.2 per cent...

India central bank keeps interest rates on hold

2014-08-05 00:00:00

India's central bank held interest rates steady on Tuesday, keeping a watchful eye on inflation as it waits to assess the impact of weak annual rains on food prices. After meeting in financial capital Mumbai, the Reserve Bank of India...

Philippine inflation rises sharply

2014-08-05 00:00:00

Philippine inflation shot up to a nearly three-year high of 4.9 per cent in July, as millions of poor Filipinos endured steep price rises for essential foods, official data showed Tuesday. The consumer price increase was the highest since it...

Tough actions if BNP launches violent progs: Quamrul

2014-08-05 00:00:00

Food Minister Quamrul Islam on Tuesday warned that law enforcement agencies will come up with proper response to BNP if it launches violent programmes in the name of movement. He said this at a discussion, titled ‘Sheikh Kamal’s 65th Birthday’,...

Romania cuts key rate as inflation slows down

2014-08-05 00:00:00

Romania's central bank cut its main interest rate by 0.25 points to a record low of 3.25 per cent on Monday against a backdrop of slowing inflation. The BNR said it had reviewed its annual inflation forecast to 2.2 per...

Muhith happy over foreign aid flow

2014-08-05 00:00:00

Finance Minister AMA Muhith on Tuesday expressed satisfaction over the foreign aid flow to the country in the last fiscal year (FY 14) as it hit US$3.0 billion following a significant rise in disbursement by the World Bank. "Aid commitment...

Earthquake strikes South Africa, one dead

2014-08-05 00:00:00

A 5.3 magnitude earthquake struck South Africa on Tuesday, shaking buildings in the commercial capital Johannesburg and killing one man in a gold mining town. The quake, centered south of Johannesburg, was reportedly felt as far a field as neighbouring...

Bank of England chief economist warns of risks from insurers and funds

2014-08-05 00:00:00

Bank of England chief economist Andy Haldane said on Tuesday that frequent regulatory intervention may need to become the rule to stem risks from financial firms such as insurers and investment funds. The British central bank has become more concerned...