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Dollar edges up in Asia

2014-05-13 00:00:00

The dollar edged up against the yen in Asia on Tuesday following a record close on Wall Street while investors await the release of key economic data from around the globe. The greenback was at 102.20 yen in midday Tokyo...

2 die in Mymensingh crash

2014-05-13 00:00:00

At least two people were killed and an unspecified number were injured in a road accident at Tarakanda upazila in Mymensingh district on Tuesday. The deceased were identified as Shafiqul Islam, 27, and Al-Amin, 19. Police and locals said the...

Maya looks morose, attends office

2014-05-13 00:00:00

Disaster Management and Relief Minister Moffazal Hossain Chowdhury Maya, who did not attend the cabinet meeting on Monday, went to his office in the afternoon. Clad in a simple trouser and a half-sleeve checked shirt, Maya entered his Secretariat office...

BNP leader chopped to death

2014-05-13 00:00:00

A local BNP leader was chopped to death by miscreants at Chapali village in Kaliganj upazila in Jhenidah district on Tuesday. The dead is Ismail Hossain, 55, vice-chairman of Kaliganj upazila unit of BNP and son of late Mandu Mandal...

Crackdown on tinted glasses enters day 3

2014-05-13 00:00:00

The drives to remove all artificial coverings, including nontransparent and tinted glasses, from car windows, launched by Dhaka Metropolitan Police (DMP), in the capital entered the third day on Tuesday. The Traffic Department of DMP fined 272 vehicles on the...

Indian stocks cheer Modi victory forecast

2014-05-13 00:00:00

Indian stocks surged for the third straight day to a record high on Tuesday after exit polls indicated that Hindu nationalist party leader Narendra Modi was on course to become the country’s next prime minister. Most exit polls released after...

Taslima cleared of cancer scare

2014-05-13 00:00:00

Writer Taslima Nasreen can now breathe easy as a biopsy report has confirmed that she is not suffering from cancer. A hospital at Manhattan in New York City diagnosed her with breast tumours after she had checked into it with...

720 kg jatka seized in Munshiganj

2014-05-13 00:00:00

Bangladesh Coast Guard personnel and fisheries department officials in a drive seized 720 kilograms (kg) of jatka in Dhaleshwari River at Munshiganj Sadar upazila on Tuesday morning. Rasheduzzaman, senior fishery officer of Munshiganj Sadar upazila, said a joint team of...

Insurance official\\\'s body recovered 5-month after abduction

2014-05-13 00:00:00

The body of an insurance official has been recovered from a water body at Sakhipur upazila in Tangail district, five months after his abduction. The dead is Saiful Islam Khan, 45, manager of Sakhipur branch of Progressive Life Insurance Company...

Asian stocks stocky

2014-05-13 00:00:00

Asian markets rallied on Tuesday, taking their lead from a record close on Wall Street, while Japan’s Nikkei was boosted by a pick-up in the dollar against the yen. Oil prices were mixed after rising on Monday in response to...

Stocks witness sharp decline

FE Report | 2014-05-12 00:00:00

Stocks witnessed sharp decline Sunday with key index of the prime bourse dipped below 4,500 points mark after 6 weeks as budgetary expectations seemed started playing its role in the market. The market started with a negative note and the...

Hwa Well makes debut May 14

FE Report | 2014-05-12 00:00:00

Trading of the shares of Hwa Well Textiles (BD) Limited will commence at the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) from Wednesday (14 May, 2014)) under 'N' category, officials said. DSE Trading Code for Hwa Well Textiles...

UCB signs syndicated term loan of $6.60 million with SRL Marine

2014-05-12 00:00:00

A term sheet signing ceremony was executed between United Commercial Bank Limited (UCB) and SRL Marine Products Limited (SMPL) at the Corporate Head Office of UCB Sunday. UCB will act as Facility Arranger for raising the Syndicated Term Loan of...

Union Capital wins SAFA Awards 2012

2014-05-12 00:00:00

Union Capital Limited, one of the leading Financial Institutions wins the First prize of South Asian Federation of Accountants (SAFA) Best Presented Annual Report Awards 2012 under the Financial Services Sector and adjusted Overall Winner in South Asian Region under...

News Briefs

2014-05-12 00:00:00

Bengal Windsor wins Yellow Grade Bengal Windsor Thermoplastic Ltd. has been awarded Yellow Grade by US based world famous retailer Wal-Mart. Wal-Mart has certified the company as Yellow Grade for maintaining good work environment as per Walmart requirements towards labor...

Photo: Standard Chartered Bank

2014-05-12 00:00:00

DSE approves sector change of CVO Petro

FE Report | 2014-05-12 00:00:00

The Board of Directors of Dhaka Stock Exchange (DSE) has approved the sector change of CVO Petrochemical Refinery Limited from "Food & Allied" to "Fuel & Power" sector with effect from today (Monday), officials said. Following the sector change news,...

2 cos recommend dividends

2014-05-12 00:00:00

The board of directors of Purabi General Insurance Ltd has recommended 15 per cent stock dividend for the year ended on December 31, 2013, reports UNB. The annual general meeting (AGM) of the company will be held on June 29,...

M-cap of top 7 Sensex cos advances by Rs 844.95b

2014-05-12 00:00:00

NEW DELHI, May 11 (PTI): The market valuation of top seven Sensex firms advanced by Rs 844.95 billion last week, in line with an overall strong stock market with RIL and ONGC emerging as the biggest gainers. The list of...

FII net inflows in Indian markets hit Rs 50b

2014-05-12 00:00:00

NEW DELHI, May 11 (PTI): Foreign investors have pumped in nearly Rs 50 billion in the Indian market so far this month on hopes of a stable and reforms-oriented government after the general elections results next week. Foreign Institutional Investors...

Photo: Uttara Bank Limited

2014-05-12 00:00:00

Photo: Al-Arafah Islami Bank Ltd

2014-05-12 00:00:00

BNP wants probe panel headed by an ex-CJ

2014-05-12 00:00:00

BNP demanded Sunday formation of a probe panel headed by a former Chief Justice (CJ) for ensuring a fair investigation in Narayanganj seven murders, reports UNB. According to a decision of the party's standing committee, BNP acting secretary general Mirza...

Experts stress unified pry edn system

FE Report | 2014-05-12 00:00:00

Experts at a workshop Sunday said the country needs a unified primary education system for the betterment of education. The government should declare primary education as fundamental rights, they said at the inauguration function of a two-day workshop, titled 'Workshop...

DU expels 4 BCL activists

DU Correspondent | 2014-05-12 00:00:00

The authorities of the Dhaka University (DU) temporarily expelled Sunday its four students for their alleged involvement in the abduction of a businessman. The authority took the decision as per the university's disciplinary action under its proctorial rules 5(2), as...

Tk 5.0b sought for implementation of LWA projects\\\'

FE Report | 2014-05-12 00:00:00

The Ministry of Liberation War Affairs (LWA) has sought Tk 5.0 billon for implementing its different projects smoothly, officials said. AKM Mozammel Haque, MP, Liberation War Affairs Minister, sent a letter to AMA Muhith, finance minister, seeking the fund recently,...

3 hurt in crude bomb blast

2014-05-12 00:00:00

CHAPAINAWABGANJ, May 11 (UNB): At least three people were hurt, as miscreants exploded two crude bombs at a cultural programme in Monakosha Bazar area under Shibganj Upazila Saturday night. Ashiqur Rahman, officer-in-charge (OC) of Shibganj thana, said the crude bombs...

JMB leader held in Rajshahi

2014-05-12 00:00:00

RAJSHAHI, May 11 (BSS): The members of Rapid Action Battalion (RAB) nabbed a listed JMB leader from Haragram area under Rajpara thana in the city Sunday, RAB sources said this evening. The arrestee was identified as Ajahar Ali (50), of...

Shibir leader held at RU

RU Correspondent | 2014-05-12 00:00:00

RAJSHAHI UNIVERSITY, May 11: Plainclothes      members of Rapid Action Battalion (RAB)-5 arrested yesterday a leader of Islami Chhatra Shibir (ICS) from the Kazla gate area of the Rajshahi University (RU). The arrestee was identified as Muhubbul Ashik, a fourth year...

News in Brief

2014-05-12 00:00:00

BNP leader rescued from Ashulia SAVAR, May 11: Police rescued Sunday BNP leader Rezwanul Haque from Baipail under Ashulia thana on the outskirts of the city. Police said they rescued Rezwanul, who was abducted from Rangpur district five days ago....