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Asian Tiger Capital Partners market update on DSE

2011-12-16 00:00:00

The Benchmark General Index DGEN gained more than half a percent on a volatile day of trading. After experiencing sharp sell off on the previous day, based on unsubstantiated rumor about sponsor's writ filing possibility, traders got a grip of...

Nepal to import power from India

2011-12-16 00:00:00

KATHMANDU, Dec 15 (Xinhua): Minister of State for Energy Suryaman Dong said that Nepali government was planning to import energy from India to reduce the possible long-hour power outage in the country. Speaking at a face-to-face program in the capital...

India's weekly food inflation at 4.35pc, lowest in 4 years

2011-12-16 00:00:00

NEW DELHI, Dec 15 (Business Standard): India's food inflation eased to 4.35 per cent in the year to December 3 -- its lowest reading since late February 2008 -- from an annual 6.60 per cent rise in the previous week,...

Oil higher after OPEC crude output decision

2011-12-16 00:00:00

SINGAPORE, Dec 15 (AFP): Oil prices bounced in Asia on Thursday after see-sawing in early trade following an overnight slump caused by OPEC's decision to raise output without setting new quota rules, analysts said. New York's main contract, light sweet...

China's exports to slow sharply in 2012

2011-12-16 00:00:00

BEIJING, Dec 15 (AFP): China's exports growth is expected to halve in 2012 from this year as turmoil in Europe and the United States hits demand for Chinese products, a senior government researcher said Thursday. Shipments are expected to grow...

Hong Kong jewellery giant falls on trading debut

2011-12-16 00:00:00

HONG KONG, Dec 15 (AFP): Shares of Hong Kong-based Chow Tai Fook Jewellery Co. fell as much as 9 per cent on its trading debut Thursday, after raising a lower-than-expected $2.0 billion amid volatile global markets. The world's biggest jewellery...

Gold rebounds on weak dollar, caution remains

2011-12-16 00:00:00

LONDON, Dec 15 (Reuters): Spot gold rose on Thursday, rebounding from sharp falls in the previous session on short covering and a weak dollar, but prices hovered near 2-12 month lows as intensifying worries about the euro zone debt crisis...

Philippines sees rice output up 11pc in 2012

2011-12-16 00:00:00

MANILA, Dec 15 (Reuters): The Philippines, once the world's top rice buyer, aims to grow its output of the grain 11 per cent to hit a record volume next year as it seeks to further reduce imports and achieve self-sufficiency...

Vietnam's footwear export value to reach $6.0b this year

2011-12-16 00:00:00

HANOI, Dec 15 (Xinhua): The export value of Vietnamese footwear exports is forecast to reach six billion US dollars in 2011, ranking the item at the third place in terms of the export value of the Vietnamese exports, after garment...

Europe's economic and debt woes touch Asia

2011-12-16 00:00:00

LONDON, Dec 15 (Reuters): The pace of decline in the euro zone private sector eased unexpectedly in December, but the global toll of the region's sovereign debt crisis became clearer on Thursday with news of falling investment and factory activity...

Tata Motors global sales up 35pc in Nov

2011-12-16 00:00:00

NEW DELHI, Dec 15 (Business Standard): Tata Motors Thursday said its global sales increased 35 per cent in November to 1,08,028 units over the same period last year. Sales of luxury brands from Jaguar Land Rover were at 29,183 units...

US jobless claims at 3-12 year low

2011-12-16 00:00:00

WASHINGTON, Dec 15 (Reuters): The number of Americans filing new claims for jobless benefits dropped to a 3-12 year low last week and factory activity in New York state scaled a seven-month high in December, more evidence of a pick-up...

India concerned about industrial slowdown

2011-12-16 00:00:00

NEW DELHI, Dec 15 (Economic Times): A slowdown in India's industrial output is of particular concern to the government, the finance minister said on Thursday. Pranab Mukherjee also said he was concerned about the fiscal deficit and the widening current...

Sweeping cold spell affects normal life in N-dists

2011-12-16 00:00:00

RANGPUR, Dec 15 (BSS): The sweeping mild cold wave coupled with cooler winds, fogs and clouds affected normal life in the northern districts adding untold sufferings to the people for the third consecutive day today. The situation deteriorated following sharp...

4 robbers held in B'baria, Kishoreganj

2011-12-16 00:00:00

Brahmanbaria, Dec 15 (UNB): Rapid Action Battalion (RAB) and police in separate drives arrested four alleged robbers from Narayanganj and Kishoreganj districts on Wednesday and Tuesday in two robbery cases. The arrestees were identified as Aman Ullah, 35, of Dairadi...

Five killed in road accidents in Pabna

2011-12-16 00:00:00

Our Correspondent PABNA, Dec 15: Five persons were killed in separate road accidents in Pabna Thursday. Two persons were killed and 15 others injured in a road accident at Shaidnagar on Pabna-Dhaka highway in Bera Upazila of Pabna Thursday morning....

Martyred Intellectuals' Day observed in Mymensingh

2011-12-16 00:00:00

MYMENSINGH, Dec 15 (BSS): The 40th Martyred Intellectuals Day was observed here with a call for trial of war criminals against humanity through paying homage to the illustrious sons of Bangladesh. Marking the day, Mymensingh press club, Alok Chitra Shilpi...

Call to ensure disabled-friendly working atmosphere

2011-12-16 00:00:00

RAJSHAHI, Dec 15 (BSS): Ensuring disabled-friendly working atmosphere has become an urgent need for making the disabled people income-oriented subject to their physical and mental capacity, speakers said at a view-sharing meeting here yesterday. In this regard, they also said...

Haji Mohsin College riddled with problems

2011-12-16 00:00:00

Our Correspondent JOYPURHAT, Dec 15: Mahipur Haji Mohsin Govt College of Panchbibi in Joypurhat has been facing shortage of teachers, classrooms and residence problem for a long time. These problems are hampering normal education system in the college. Established in...

55 birds rescued from poachers

2011-12-16 00:00:00

BAGERHAT, Dec 15 (UNB): Detective Branch (DB) of police rescued 55 migratory birds from the clutches of a group of poachers at Hadaerhat bazaar in Sadar upazila on Wednesday and later the birds were freed. Acting on secret information, a...

25 injured in rival group's clash

2011-12-16 00:00:00

Our Correspondent NARSINGDI, Dec 15: At least 25 persons including two women were injured in a bloody clash between two rival groups of people of Haripur village in Nilikhya union under remote Raipura Upazila of the district Wednesday over control...

News in brief

2011-12-16 00:00:00

An unidentified body of a young man was recovered from Mouchak railway station in Kaliakoir upazila on Wednesday. Abul Khair, Sub-Inspector of Tongi railway police station said being informed they recovered the body and sent it to Dhaka Medical College...

US military marks end of its war in Iraq

2011-12-16 00:00:00

BAGHDAD, Dec 15 (Reuters): The US military officially ended its war in Iraq Thursday, packing up a military flag at a ceremony with US Defense Secretary Leon Panetta nearly nine years after the invasion that ousted Saddam Hussein. The last...

Toxic liquor kills 126 in eastern India

2011-12-16 00:00:00

KOLKATA, Dec 15 (AFP): A batch of home-brewed liquor thought to have been laced with the highly toxic chemical methanol has killed 126 people in eastern India, an official told Thursday. Hospitals near the impoverished district 30 kilometres (20 miles)...

Iran ready to start N-work in bunker

2011-12-16 00:00:00

VIENNA, Dec 15 (bReuters): Iran could soon begin sensitive atomic activities in an underground facility deep inside a mountain, diplomatic sources said Wednesday, a move that would up the ante in a stand-off with big powers demanding Tehran curb such...

Egyptians head to polls again in landmark election

2011-12-16 00:00:00

CAIRO, Dec 15 (AFP): Egyptians were headed to the polls again Thursday in a phased election to choose the first post-revolution parliament, as liberals faced an uphill battle to compete with Islamist parties. Ten months after a popular uprising ended...

Malaysia awaits verdict as Anwar trial ends

2011-12-16 00:00:00

KUALA LUMPUR, Dec 15 (AFP): The long-running, politically charged trial of Malaysian opposition leader Anwar Ibrahim closed December 15 with a judge setting January 9 for a verdict with potentially major implications. Defence lawyers were allowed a final rebuttal on...

Pakistan blasts 'wrong' US aid freeze

2011-12-16 00:00:00

ISLAMABAD, Dec 15 (AFP): Pakistan Thursday angrily criticised US moves to freeze $700 million in aid, the latest sign of the fraying alliance that has been in deep crisis since NATO fire killed 24 Pakistani soldiers. "We believe that the...

Hazare calls for renewed mass protests

2011-12-16 00:00:00

NEW DELHI, Dec 15 (AFP): Indian activist Anna Hazare threatened Thursday to start a new hunger strike and a campaign of civil disobedience unless a long-delayed anti-graft law is passed by next week. Hazare, a 74-year-old campaigner and Gandhi admirer,...

Syrian dissidents declare creation of 'National Alliance'

2011-12-16 00:00:00

ISTANBUL, Dec 15 (AFP): A group claiming to represent the majority of the opposition movements inside Syria declared Thursday the foundation of a "National Alliance" of revolutionary forces aiming to topple the regime. "The regime has killed, maimed, arrested, tortured...