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Double-digit profit growth may return in second quarter

2014-07-04 00:00:00

With all the hoopla over the Dow topping 17,000 out of the way, the market's next focus will be whether the fast-approaching earnings season can justify US stocks continuing their climb further into record territory. Many factors point to a...

World stocks hold at all-hit time after bumper week

2014-07-04 00:00:00

World stocks were enjoying the view at an all-time high on Friday, lifted by a strong week of US economic data and promises from the European Central Bank that cheap money will be sloshing around for years. European shares opened...

Asian stocks, dollar rise on upbeat US jobs data

2014-07-04 00:00:00

Asian shares and the dollar firmed on Friday, catching a lift from US stocks' surge to record highs after US jobs data showed the lowest unemployment rate in six years and underscored the strength of the economic recovery. MSCI's broadest...

Honda says to expand US regional air bag recall to include California

2014-07-04 00:00:00

Honda Motor Co is expanding to the state of California a US regional recall of vehicles over potentially explosive air bags made by Takata Corp, the automaker said on Friday, after a complaint that said a driver was injured in...

GM to recall 27,051 Spark cars in Korea due to transmission defect

2014-07-04 00:00:00

General Motors Co will recall 27,051 Spark mini cars in South Korea due to a defective transmission mount, the latest in a string of global recalls by the US automaker. The gearbox mount may destabilize and cause a drop in...

South Korea to get clearing system for China\\\'s yuan

2014-07-04 00:00:00

South Korea will get a yuan clearing system in the capital Seoul, expanding the list of states with direct access to trade in the Chinese currency. China's central bank has signed a memorandum of understanding (MOU) with the Bank of...

FIFA member behind illegal Cup tickets

2014-07-04 00:00:00

A FIFA member is the source of thousands of illegal ticket sales at the World Cup, a Brazilian police chief says. Police commissioner Fabio Barucke said ‘someone from FIFA’ and ‘an intermediary from Match Hospitality’, FIFA's ticket agency, channelled the...

Iraq army retakes Saddam Hussein\\\'s home village from Islamist rebels

2014-07-04 00:00:00

The Iraqi army drove Sunni insurgents out of late dictator Saddam Hussein's home village, state media and police said, part of a campaign to retake wide areas of northern and western Iraq overrun by the rebels. The al Qaeda splinter...

Phones, shoes to face scrutiny as airport security tightened: US

2014-07-04 00:00:00

Airlines with direct flights to the United States have been told to tighten screening of mobile phones and shoes in response to intelligence reports of increased threats from al Qaeda-affiliated militant groups, US officials said on Thursday. The officials singled...

Organisers of huge Hong Kong rally arrested

2014-07-04 00:00:00

Police on Friday arrested the organisers of Hong Kong's biggest pro-democracy rally since the city was handed back to China, sparking outrage from campaigners who denounced the ‘political suppression. Five members of the Civil Human Rights Front, including its convener,...

Biman\\\'s Dhaka-NY-Dhaka flight resumption bid looks futile

2014-07-04 00:00:00

Biman Bangladesh Airlines' desperate move to resume its Dhaka-New York-Dhaka flight by hiring crew and aircraft from a category-1 country looks to be futile as the Civil Aviation Authority of Bangladesh (CAAB) falls far short of attaining the category-1 status....

Thai junta claims support of Myanmar military

2014-07-04 00:00:00

Criticised by the West for seizing power, Thailand's army said Friday that it had won the backing of Myanmar's military, which ruled with an iron fist for decades. The Thai Armed Forces Office said in a statement that Myanmar's visiting...

Philippine senator arrested over massive graft scandal

2014-07-04 00:00:00

Senator Juan Ponce Enrile, one of the Philippines' most powerful politicians, was arrested Friday over a massive corruption scandal that has shocked the country. The 90-year-old ex-defence secretary, senate president, and martial-law enforcer of the late dictator Ferdinand Marcos surrendered...

2 killed in Jhenidah

2014-07-04 00:00:00

Miscreants killed two people in Kaliganj and Shailakupa upazilas of Jhenaidah district at some time between Wednesday night and Thursday. Local people found the body of Mohsin Hossain, alias Ali, 40, son of Hujur Ali of Mekurkhinda village in Kaliganj...

Mother stabs French teacher to death in front of students

2014-07-04 00:00:00

A primary school in southern France was in shock Friday after a female teacher was stabbed to death in front of her pupils by a student's mother, who was quickly detained. The attack on the 34-year-old teacher took place around...

Indian tomato seized in C\\\'nawabganj

2014-07-04 00:00:00

An anti-smuggling task force in Chapainawabganj seized 3,500 kilograms of Indian tomato from Baroghoria village in sadar upazila on Thursday night. Acting on a tip off, the task force combined with a patrol team of 9 battalion of Border Guard...

World Economic News Summary

2014-07-04 00:00:00

The top world economic stories on Friday: Germany-Europe-economy-growth FRANKFURT: The eurozone's economic recovery is set to continue at a moderate pace in the coming months, driven by domestic demand, three of Europe's leading economic institutes predicted. China-Britain-US-court-GSK SHANGHAI: China will...

Man hacked to death in Jessore

2014-07-04 00:00:00

Miscreants have hacked to death a man in Sarsa Upazila of Jessore. The victim, Mahidul Islam, 25, was the son of Abdul Mannan, of Shikarpur villager of the Upazila. Sarsa Police Station OC Ahmed Kabir Hossain said, ‘His body was...

College girl released soon after abduction in Uttara

2014-07-04 00:00:00

Miscreants released a female college student following her abduction after killing a security guard in Uttara Model Town of the city on Thursday night. The miscreants released the girl, a 1st year student of Cambrian School and College, Uttara campus,...

Russia\\\'s Putin tells Obama he wants better ties: Kremlin

2014-07-04 00:00:00

Russian President Vladimir Putin called for better relations with the United States on Friday in a congratulatory message to President Barack Obama marking US Independence Day. Relations are at their lowest ebb in years, soured by disagreements over the conflicts...

Protesters confine Rokeya VC for 2nd day

2014-07-04 00:00:00

A group of officials of the Begum Rokeya University in Rangpur have kept Vice Chancellor AKM Nur-un-Nabi confined to his office for over 24 hours. Altogether 138 staff members have been protesting in front of the VC office since 11am...

US grounds entire F-35 fleet pending engine inspections

2014-07-04 00:00:00

The US military said it had grounded the entire fleet of 97 Lockheed Martin Corp F-35 fighter jets until completion of additional inspections of the warplane's single engine built by Pratt & Whitney, a unit of United Technologies Corp. The...

Dependence on foreign goods on sharp fall

2014-07-04 00:00:00

Foreign products, especially manufactured goods, are gradually being replaced in Bangladesh with locally-produced items, thanks to the country’s strong manufacturing base and the government’s policy support to grow local industries. Once upon a time, foreign products used to dominate in...

Abducted Indian nurses in Iraq freed, to return home

2014-07-04 00:00:00

A group of 46 Indian nurses abducted by jihadists in Iraq last month were on their way back home on Friday after being freed from the rebel-held city of Mosul, officials said. ‘Ultimately it is hope that has triumphed,’ Syed...

Uganda parliament piglet protest pair freed on bail: lawyer

2014-07-04 00:00:00

A Ugandan court on Friday released two protesters who sneaked two piglets into parliament painted in the ruling party's colours, their lawyer said. ‘I am happy my clients are out of prison,’ lawyer Isaac Ssemakadde said, confirming his clients Robert...

Funeral crowd throngs East Jerusalem

2014-07-04 00:00:00

Thousands of mourners have carried the body of a murdered Palestinian teenager through East Jerusalem amid tight security ahead of his funeral. Mohammad Abu Khdair's family believe he was killed in a revenge attack for the kidnapping and killing of...

Case filed against Ershad

2014-07-04 00:00:00

The Election Commission (EC) has filed a case against Jatiya Party Chairman HM Ershad in Lalmonirhat for failing to submit the details of his election expenses. Returning Officer and Deputy Commissioner Md Habibur Rahman filed the case at Lalmonirhat Sadar...

Kuet teacher sent on forced retirement

2014-07-04 00:00:00

KHULNA: A teacher of Khulna University of Engineering and Technology (Kuet) has been sent on forced retirement for taking courses at a private university in Chittagong without permission, according to a news agency.  A circular issued by the Kuet registrar...

Kuet teacher sent on forced retirement

2014-07-04 00:00:00

KHULNA: A teacher of Khulna University of Engineering and Technology (Kuet) has been sent on forced retirement for taking courses at a private university in Chittagong without permission, according to a news agency.  A circular issued by the Kuet registrar...

Bus kills two in Mirpur

2014-07-04 00:00:00

Two pedestrians have been killed when a bus drove on to the pavement in Mirpur, in the city after the driver lost control of the vehicle. Two others have been critically injured in the mishap, according to a news agency....