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US oil climbs on oil exports report

2014-06-26 00:00:00

SINGAPORE, June 25 (AFP) : US oil prices climbed in Asian trade Wednesday following a report that the United States, the world's top crude consumer, has lifted a four-decade ban on exports. US benchmark West Texas Intermediate (WTI) for August...

More demand, less withdrawals observed

2014-06-26 00:00:00

There was more demand this week particularly from the Blenders which was resulted in less withdrawals. Good liquoring varieties were again well supported with few lines selling above Tk 200 per kg. Loose tea buyers only lent some support. All...

Dse

2014-06-26 00:00:00

Greek spot-kick drama denies Ivorians

2014-06-26 00:00:00

FORTALEZA, Brazil, June 25 (fifa.com): Incredible drama unfolded in Fortaleza when Georgios Samaras converted a stoppage-time penalty to secure Greece a 2-1 victory over Côte d'Ivoire to set up a Round of 16 clash against Costa Rica at the FIFA...

Godin delights Uruguay, sends Italy home

2014-06-26 00:00:00

NATAL, Brazil, June 25 (fifa.com) :A fortunate conversion from Diego Godin proved golden for Uruguay as they booked a spot in the FIFA World Cup™ Round of 16 with a late 1-0 victory over ten-man Italy in Natal. The Atletico...

Japan sent packing by revamped Colombia

2014-06-26 00:00:00

CUIABA, Brazil, June 25 (AFP): Jackson Martinez scored twice as Colombia beat Japan 4-1 Tuesday to end their World Cup Group C campaign with a perfect three wins and boot the Asian champions out of the tournament. History was made...

Intertek opens comprehensive laboratory

2014-06-26 00:00:00

FE report Intertek Bangladesh, a UK-based company's local office opened a comprehensive laboratory equipped with state-of-the-art facilities Wednesday. The company has been working in Bangladesh since 2000 and before newly inaugurated office it was working in its three individual centres...

Zakat fair opens in city tomorrow

FE Report | 2014-06-26 00:00:00

A two-day 'Zakat Fair 2014' will begin tomorrow (Friday) at the National Shooting Federation Complex in the capital to create awareness among the people about the importance of fifth pillar of Islam. Member secretary of the fair organising committee Khandoker...

National Board of Revenue

2014-06-26 00:00:00

US economy shrank 2.9pc in first quarter

2014-06-26 00:00:00

 WASHINGTON, June 25 (AFP): The US economy shrank 2.9 per cent in the first quarter, the sharpest contraction in five years, the Commerce Department said Wednesday. The previous estimate was a 1.0 per cent contraction for the first three months...

Pubali Bank

2014-06-26 00:00:00

IFC launches Trade Supplier Finance Facility for MBM Group

2014-06-26 00:00:00

 IFC, a member of the World Bank Group, has launched a trade finance facility with local apparel manufacturer MBM Group, reports UNB. This is IFC's first transaction in Bangladesh under the IFC Global Trade Supplier Finance program, and it will...

Samsung Electronics CFO warns of soft Q2 earnings

2014-06-26 00:00:00

SEOUL, June 25 : Samsung Electronics Co Ltd expects its earnings for the second quarter to be "not that good", a senior company executive said on Wednesday, amid growing worries about weak sales for its key smartphone business. Lee Sang-hoon,...

Novo Nordisk to \\\'double revenue within a decade\\\'

2014-06-26 00:00:00

COPENHAGEN, June 25 : Danish drugmaker Novo Nordisk, the world's biggest insulin maker, expects to more than double its annual revenue within a decade, its deputy chief executive Kaare Schultz told Reuters. More than half a billion people are expected...

Ousted American Apparel CEO fights to get job back

2014-06-26 00:00:00

NEW YORK, June 25 : The ousted founder of US fashion label American Apparel, Dov Charney, is fighting to get back his job as chief executive, and as the company's stock price continues to plunge. American Apparel shares fell another...

Manpower export to ME in tailspin

Shah Alam Nur | 2014-06-26 00:00:00

Manpower export to the oil-rich Gulf countries in the Middle East virtually came to a halt due mainly to failings in diplomatic maneuverings with the recruiting nations, sector-insiders claimed. The crisis seems all the more excruciating as there has been...

BNP-backed candidate wins Nakla UZ polls

2014-06-26 00:00:00

BNP supported candidate Mahbub Alam Chowdhury was elected chairman in the election to Nakla upazila (UZ) Parishad held on Thursday. Mahbub Alam secured 22,320 votes while his nearest candidate Awami League rebel Monir Hossain bagged 15,742 and AL backed contestant...

Treasury bench terms proposed budget employment generation friendly

2014-06-26 00:00:00

Treasury bench members said the proposed budget for fiscal year 2014-15 is business and employment generation friendly.  They said implementation of the budget would help fulfill the dream of turning Bangladesh into a middle income country before the government's target...

Japan bets big on making fuel-cell cars a near-future reality

2014-06-26 00:00:00

TOKYO, June 25 (Reuters) :  Japan's government and top carmakers, including Toyota Motor Corp, are joining forces to bet big that they can speed up the arrival of the fuel cell era: a still costly and complex technology that uses...

Govt thinks NGOs partners in progress: Dr Rizvi

2014-06-26 00:00:00

International Affairs Adviser to the Prime Minister Dr Gowher Rizvi Wednesday said that government considers NGOs as its partners. "Government always believes NGOs as partners (of the govt) and good governance is not possible without contribution of the NGOs," said...

83pc VoIP conducted by private operators

2014-06-26 00:00:00

Posts, Telecommunications and Information Technology Minister Abdul Latif Siddique Wednesday at a seminar disclosed that the major part of the illegal call termination, commonly known as 'VoIP', is being conducted by the different private operators where the state-owned Bangladesh Telecommunications...

News in Brief

2014-06-26 00:00:00

Etihad rescues crippled Alitalia with deal to take 49pc MILAN, June 25 : Emirates airline Etihad Airways tied up a deal to rescue debt-laden carrier Alitalia on Wednesday by taking 49.0 percent of the Italian company. The two groups gave...

Airtel sees subscriber fall in May

2014-06-26 00:00:00

FE Report Airtel Bangladesh, the country's fourth largest mobile phone operator, witnessed a significant fall in its subscriber base last month, according to the latest data of the telecom regulator. The operator lost around 12,000 customers in a month, as...

Japanese co to source garments from India

2014-06-26 00:00:00

MUMBAI, June 25 (Reuters): Fast Retailing Co Ltd.'s Uniqlo, Japan's largest clothing store chain, is looking to source garments from India, Uniqlo's Chairman Tadashi Yanai told Indian Prime Minister Narendra Modi, according to an Indian government statement. Modi welcomed Unqilo's...

Chinese outward investment to exceed FDI inflows this year

2014-06-26 00:00:00

BEIJING, June 25 (Xinhuanet): China's outward investment is very likely to exceed foreign direct investment (FDI) inflows this year, making the country a net investor, according to officials at a United Nations body. This "inevitable trend" will have "great significance...

German consumer confidence rises

2014-06-26 00:00:00

FRANKFURT, June 25 (AFP): Consumer confidence in Germany is rising again, buoyed by the European Central Bank's (ECB) recent decision to cut interest rates, a new poll found on Wednesday. "The additional cut in interest rates by the ECB and...

Dubai\\\'s Nakheel to pay off bank debts ahead of plan

2014-06-26 00:00:00

DUBAI, June 25 (AFP): Nakheel, the real estate giant at the heart of Dubai's financial crisis, said Wednesday it will pay off all its bank debt of 7.9 billion dirhams ($2.15 billion) ahead of schedule. "Our payment is covering up...

Bad loans blamed for massive bank losses in Greece

2014-06-26 00:00:00

ATHENS, June 25 (AFP): New Greek central bank governor Yannis Stournaras on Wednesday sounded the warning over the rising level of non-performing bank loans, saying they were largely to blame for 600 million euros worth of bank losses. "Managing non-performing...

EU to open new round of Japan free-trade talks soon

2014-06-26 00:00:00

BRUSSELS, June 25 (Reuters): The European Union (EU) agreed on Wednesday that Japan had made enough progress towards opening its markets for the two sides to begin a sixth round of free-trade talks next month, despite some concerns over Tokyo's...

Windies, New Zealand set for thrilling finale

2014-06-26 00:00:00

BRIDGETOWN, Barbados, June 25 (AFP): West Indies and New Zealand head into the decisive final match of their three-Test series at Kensington Oval on Thursday with both teams anticipating a keen contest and the greater likelihood of fast bowlers determining...