Bangladesh's trade deficit widened 23 percent year on year in the three months to September as fuel imports increased sharply, a central bank official said, while export growth dipped in November as the global economy cooled, reports Reuters. The deficit...
NEW DELHI, Dec 12 (Business Standard): Weakening of rupee against the US dollar has added a mind-boggling Rs 50,000 crore to the fuel subsidy as the nation paid more for its oil imports, Oil Secretary GC Chaturvedi said Monday. "Every...
LONDON, Dec 12 (Reuters): Gold fell to a three-week low Monday, after a rise in the dollar prompted enough selling to push the bullion price through a key level of support, in spite of the persistent worry about the lack...
The US$4.5 billion 'Country Partnership Strategy (CPS) 2011-15' for Bangladesh by the Asian Development Bank (ADB) has already come into effect as some loan agreements have been signed in projects relating to railway and water supply, reports UNB. Loan agreements...
Bangladesh's state grains buyer has delayed by 10 days the opening date for a tender to buy 50,000 tonnes of wheat due to storage constraints, a procurement official said on Monday, reports Reuters. "The new date for the opening of...
NEW DELHI, Dec 12 (Business Standard): With half a dozen power equipment firms slated to set up units in India, the government Monday expressed confidence of meeting the domestic power demand and generating surplus for export. "We had only Bharat...
NEW YORK, Dec 12 (BBC News): Moody's has said the EU has a "continued absence of decisive policy measures", despite last week's summit. The credit ratings agency reiterated that it will review the ratings of all EU countries in the...
Bangladesh's trade deficit widened 23 percent year on year in the three months to September as fuel imports increased sharply, a central bank official said, while export growth dipped in November as the global economy cooled, reports Reuters. The deficit...
NEW DELHI, Dec 12 (Business Standard): Weakening of rupee against the US dollar has added a mind-boggling Rs 50,000 crore to the fuel subsidy as the nation paid more for its oil imports, Oil Secretary GC Chaturvedi said Monday. "Every...
LONDON, Dec 12 (Reuters): Gold fell to a three-week low Monday, after a rise in the dollar prompted enough selling to push the bullion price through a key level of support, in spite of the persistent worry about the lack...
Syful Islam Jeddah-based Islamic Development Bank (IDB) has sought government permission to establish an Islamic Microfinance Institution (IMFI) in Bangladesh, officials said Monday. "We have received a proposal from IDB president Ahmad Mohammed Ali. We are examining the documents," a...
NEW DELHI, Dec 12 (Economic Times): The slowdown in the textile sector is a matter of concern, union Commerce Minister Anand Sharma told parliament Monday. "There is a slowdown in the textile sector. It is a matter of concern," Sharma...
DUBAI, Dec 12 (AP): Fast-growing Gulf carrier Etihad Airways said Monday it is buying 10 more of Boeing's new 787-9 planes, making it the largest airline customer for that version of the much-hyped carbon fiber jet. Etihad also signed up...
London, Dec 12 (BBC News): The UK economy is to contract by more than previously thought, according to a leading forecaster. Economists at Standard Chartered bank said the economy will contract by 1.3 per cent in 2012, having previously predicted...
TORONTO, Dec 12 (BBC News): Unemployment is the world's fastest-rising worry, a BBC World Service survey covering 11,000 people in 23 countries suggests. The annual poll, called The World Speaks, gave people a list of concerns and asked which they...
The government will hold a tripartite portfolio review meeting with the Asian Development Bank (ADB) in March next year to review the progress of the ADB-assisted projects as well as to speed up their implementation, reports UNB. The meeting will...
Continued from page 13 less than two years. Part of the energy giant Summit Group, SCL provides connectivity to 47 clients including mobile operators, Wimax, ISPs, and Cable TV operators. Arif said his company now plans to expand network up...
YANGON, December 13 (AFP): Myanmar authorities on Tuesday gave the green light to Aung San Suu Kyi's opposition to rejoin mainstream politics, setting the scene for the Nobel laureate to run for a seat in the new parliament. The announcement...
PARIS, Dec 13, (agencies): The Palestinian flag was raised for the first time Tuesday above a UN agency, the UNESCO headquarters in Paris, in a diplomatic victory won despite stiff resistance from the US and Israel. President Mahmud Abbas looked...
Brazil's Lula makes impressive progress fighting tumour Doctors treating Brazil's former President, Luiz Inacio Lula da Silva, for throat cancer, have described his progress as "impressive". Lula's medical team say his tumour has shrunk in size by 75% and they...
OAKLAND, Dec 13, (agencies): US "occupy" protesters claimed victory Monday after blockading ports along the West Coast and shutting down a major trade cargo hub in a new front on the anti-capitalist campaign. Hundreds of anti-Wall Street protesters have blocked...
Canada will formally withdraw from the Kyoto Protocol on climate change, the minister of the environment has said, reports BBC. Peter Kent said the protocol "does not represent a way forward for Canada" and the country would face crippling fines...
India's Supreme Court has ordered states to provide adequate night shelters for the homeless during the coming winter, reports BBC. "You should not allow even a single person to die this winter from the freezing cold," the judges said. Indian-administered...
MOSCOW, Dec 12, (AFP): Prime Minister Vladimir Putin's spokesman said Monday the results of Russia's contested parliamentary polls will stand despite massive street protests and a probe by the election authorities. "Even if you add up all this so-called evidence,...
QUETTA, Dec 12, (agencies): Gunmen killed a NATO truck driver and burnt seven tankers carrying oil for Western troops in Afghanistan, the second such attack in southwest Pakistan in less than a week, police said Monday. The convoy was attacked...
Manuel Noriega extradited to Panama to serve jail terms Panama's ex-leader Manuel Noriega has been extradited back to his home country from France and taken straight to a prison. His plane touched down in Panama City on Sunday evening after...
WASHINGTON, Dec 12, (AFP): A statement from a group identifying itself as Al-Qaeda in the Islamic Magreb has claimed responsibility for the kidnapping of five Europeans in Mali in two separate incidents, the SITE monitoring group said Sunday. The message...
DAMASCUS, Dec 12 (agencies): Syria is holding local elections despite continuing violence between security forces and protesters. The authorities said the vote would be freer than in previous years, but the opposition has called for a boycott. Turnout is expected...
KABUL, Dec. 12 (Xinhua): A total of 14 insurgents were killed and 11 others captured in three different military operations launched by Afghan and NATO-led Coalition forces over the past 24 hours, Afghan Interior Ministry said Monday. "Afghan National Police...
The Democratic Republic of Congo President Joseph Kabila has rejected claims that he won elections through widespread rigging, reports BBC. The Carter Center observer group said the results "lack credibility".Mr Kabila denied this but admitted that "mistakes" had been made,...
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