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US stocks end off highs, Dow up for week

2014-03-30 00:00:00

NEW YORK, Mar 29 (Reuters): Global equity markets ended higher on Friday but US stocks sharply pared gains after a late selloff in biotechnology shares, while euro zone government bond yields fell on renewed bets the European Central Bank (ECB)...

Sebi\\\'s merger veto to block backdoor delistings

2014-03-30 00:00:00

MUMBAI, Mar 29 (Business Standard): The Securities and Exchange Board of India's power to block merger transactions may help act as a temporary measure to address a regulatory gray area created by a provision in the new Companies Act, which...

Photo: NRB Bank Limited

2014-03-30 00:00:00

Photo: Berger Paints Bangladesh Limited

2014-03-30 00:00:00

Photo: Petredec Elpiji Limited

2014-03-30 00:00:00

PSG win again ahead of Chelsea showdown

2014-03-30 00:00:00

PARIS, Mar 29 (AFP): Paris Saint-Germain warmed up for their Champions League showdown with Chelsea by recording a narrow 1-0 win at Nice Friday that took them another step closer to the Ligue 1 title. For the second week in...

Rahmatganj win over Arambagh

2014-03-30 00:00:00

Rahmatganj MFS earned a comfortable 3-0 goal victory over Arambagh KS in the day's lone match of the Premier Bank Bangladesh Championship League at the Bir Shrestho Shaheed Sepoy Mostafa Kamal Stadium in Kamalapur Saturday. Rahmatganj took lead in the...

Pietersen plans Caribbean commute

2014-03-30 00:00:00

LONDON, Mar 29 (AFP): For most cricketers the fact the Caribbean Premier League and its English county Twenty20 equivalent are taking place at the same time would mean playing in both was impossible. However, England exile Kevin Pietersen is planning...

Nadal-Djokovic in Miami final after walkovers

2014-03-30 00:00:00

MIAMI, Mar 29 (AFP): Rafael Nadal and Novak Djokovic reached the final of the Miami ATP Masters without lifting their racquets Friday after their semi-final foes Tomas Berdych and Kei Nishikori withdrew. The two semi-final walkovers were a first in...

Rodgers relaxed as Liverpool eye title

2014-03-30 00:00:00

LIVERPOOL, Mar 29 (AFP): Brendan Rodgers insists there is no pressure on his Liverpool team as they look to continue their push for the Premier League title against Tottenham Hotspur at Anfield Sunday. Liverpool have been dark horses in the...

sports digest

2014-03-30 00:00:00

Hajek injury hits Czech Davis Cup hopes PRAGUE, Mar 29: The Czech Republic will take just three players out to Tokyo this week to take on Japan in the Davis Cup quarter-finals, following a knee injury to Jan Hajek, captain...

Photo: Sikder Group Independence Day Cup Golf Tournament-2014

2014-03-30 00:00:00

McCullum helps NZ thump Netherlands

2014-03-30 00:00:00

CHITTAGONG, Mar 29 (AFP): Brendan McCullum hit a robust half-century to steer New Zealand to a comprehensive six-wicket win over the Netherlands in a World Twenty20 Super-10 game in Chittagong Saturday. McCullum hit a punishing 45-ball 65 with three sixes...

Dhoni\\\'s India fly high amid upheaval at home

2014-03-30 00:00:00

For the second time in less than a year, Mahendra Singh Dhoni's Indian team is making up for the sins of its administrators with a flawless display at the World Twenty20 in Bangladesh, reports AFP. Ignoring the upheaval back home,...

India enter World T20 semi-finals

2014-03-30 00:00:00

Leg-spinner Amit Mishra continued his awesome form as India roared into the semi-finals of the World Twenty20 with an eight-wicket demolition of hosts Bangladesh in the city Friday, reports AFP. Mishra, who was man of the match in both the...

South Africa beat Ireland by 86 runs

2014-03-30 00:00:00

South Africa beat Ireland by a huge 86 runs in a Group-A match of the ICC Women's World Twenty20 at Sylhet Stadium Saturday, reports UNB. Chasing South Africa's 165 runs, Ireland folded their innings cheaply at 79 runs in 15.1...

Floodlight failure disrupts England v S Africa match

2014-03-30 00:00:00

CHITTAGONG, Mar 29 (AFP): Play was disrupted in the World Twenty20 Group One match between England and South Africa in Chittagong Saturday because of floodlight failure. South Africa, sent into bat, were 17-0 after 1.4 overs when a floodlight tower...

Tk 80b new investment in RMG sector to meet compliance needs

Shah Alam Nur | 2014-03-30 00:00:00

Country's readymade garment (RMG) industry is going to make Tk 80 billion new investments to meet the requirements of full compliance as being demanded by buyers, brands, labour and human rights organizations since Tazreen and Rana Plaza catastrophe, insiders said....

Falling growth rate in agri, industry sectors to cause GDP decline : Unnayan Onneshan

2014-03-30 00:00:00

Continued falling rate of growth in agriculture and industry sectors could cause continuation of decline in GDP in the current fiscal year, Unnayan Onneshan, an independent think-tank, says in its current issue of the Bangladesh Economic Update, reports UNB. Pointing...

Experts skeptical of target on power from renewable energy

Munima Sultana | 2014-03-30 00:00:00

Bangladesh has failed to achieve any tangible success in the renewable energy sector as it could add only 2.0 per cent of power to the national grid in this particular area after a decade of efforts. In view of the...

News Briefs

2014-03-30 00:00:00

Aarong launches local sari exhibition Aarong launched an exhibition titled 'Sari-the art of draping' at Uttara in the city on Friday. Senior Director of BRAC Enterprises Tamara Hossain Abed and Designer & Researcher Chandra Sekhar Saha inaugurated the exhibition. Chief...

Photo: Executive Chairman of Board of Investment Bangladesh

2014-03-30 00:00:00

Biman resumes Dhaka-Frankfurt flight tomorrow

FE Report | 2014-03-30 00:00:00

Biman Bangladesh Airlines is going to resume its flights on Dhaka-Frankfurt route from tomorrow (Monday) after a suspension of over seven years. The national flag carrier will operate twice-a-week flights to this route, 19th overseas destinations, on every Friday and...

Strengthening tax automation stressed

FE Report | 2014-03-30 00:00:00

The country should strengthen tax automation to remove fear of taxpayers in respect of existing complex tax system. Even though indirect tax is a major source of revenue, VAT burden may be reduced. Instead of a uniform 15 per cent...

British ins sector plunges on looming review

2014-03-30 00:00:00

LONDON, Mar 29 (AFP): Shares in British insurers slumped on Friday as regulators revealed plans for a review of charges and restrictions on 30 million policies sold between the 1970s and 2000. The Financial Conduct Authority (FCA) will launch a...

Cyprus further relaxes bank transaction controls

2014-03-30 00:00:00

NICOSIA, Mar 29 (Xinhua): Cyprus announced further relaxation of bank transaction restrictions on Friday, setting the ground for fully abolishing controls at the end of May. The restrictions were imposed a year ago to prevent a massive flight of capital...

Spanish public deficit stands at 6.62pc in \\\'13

2014-03-30 00:00:00

MADRID, Mar 29 (Xinhua): Spain's public deficit stood at 6.62 per cent in 2013 without taking into account public financial aid injected into Spanish banks, the Spanish government announced on Friday. The government described the data as positive because Spain...

WB to invest again in Poland

2014-03-30 00:00:00

WARSAW, Mar 29 (Xinhua): The International Finance Corporation (IFC), the private-sector investment arm of the World Bank, is returning to investments in Poland with its offer of long-term loans designed to finance development projects, local press reported on Friday. The...

Shanghai FTZ \\\'benefits\\\' from financial liberalisation

2014-03-30 00:00:00

SHANGHAI, Mar 29 (Xinhua): Further financial liberalisation in the Shanghai Free Trade Zone (FTZ) will lead to more cross-border business in the Chinese currency and offer diverse financial services for clients, said the Shanghai chief of Standard Chartered on Friday....

Photo: BERLIN: Chinese Tax Commissioner Wang Jun (L) and German State Secretary of Finance Ministry Michael Meister

2014-03-30 00:00:00