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Citigroup, UBS accused of rate manipulation in Japan

2011-12-11 00:00:00

TOKYO, Dec 10 (AFP): Japan's securities watchdog has urged that the Japanese arms of Citigroup and US be penalised for trying to manipulate the short-term interest rates for interbank trading. Former staff members at UBS Securities Japan and Citigroup Global...

China's Huawei cuts back in 'complex' Iran

2011-12-11 00:00:00

BEIJING, Dec 10 (AFP): Chinese telecommunications equipment maker Huawei Technologies says it will cut back its business in Iran, where it aids state-run telecom operators, due to the "increasingly complex situation" there. Iran keeps close tabs on its citizens, aided...

US economic fix could take years: Obama

2011-12-11 00:00:00

WASHINGTON, Dec 10 (Economic Times): Despite some recent signs the sluggish US economy might be improving, President Barack Obama warns it could be years before the country is on a sound footing. In excerpts from an interview with CBS' "60...

Cracks spreading through Europe's banks

2011-12-11 00:00:00

Gerrit Wiesmann in Berlin and James Wilson in Frankfurt FT Syndication Service Commerzbank looks increasingly likely to ask the government for a bail-out, according to government and parliamentary officials in Berlin. Three other German banks may also need taxpayer support....

FEDWEI plans to create 20,000 woman entrepreneurs in two yrs

2011-12-11 00:00:00

FE Report Federation of Women Entrepreneurs & Industry (FEDWEI) has planned to create 20 thousand woman entrepreneurs within two years across the country in a bid to increase empowerment of women in the society. President of FEDWEI Mousumi Islam said...

China, Brazil, India to drive aluminium demand

2011-12-11 00:00:00

CHENNAI HYDERABAD, Dec 10 (Business Standard): With China, Brazil and India becoming the growth centres for aluminium-based products, the demand for primary aluminium is set to reach 75 million tonne by 2020, according the International Aluminium Institute (IAI), a UK-based...

Software export earning likely to rise by 30pc in current fiscal

2011-12-11 00:00:00

Bangladesh expects to earn 30 per cent more foreign currency through software export compared to the amount the sector fetched last year as ICT is growing in line with the government's Vision 2021, officials and ICT business sources said, reports...

Bangladesh's export income could top $50 million

2011-12-11 00:00:00

Yasir Wardad Reopening of three potato flakes and starch factories is set to use nearly 0.6 million tonnes of potato annually, which could ensure better prices for farmers. The industrial units can also fetch nearly $50 million per annum in...

High transportation cost, increased prices of ingredients blamed

2011-12-11 00:00:00

Badrul Ahsan Volatility in exchange rate, high transportation cost and increased price of ingredients have pushed prices of all types of bakery items further up by around 15 per cent over the last one and a half months, sector insiders...

Gas crisis takes toll on industries at Savar

2011-12-11 00:00:00

Hit hard by gas crisis, industries in Savar industrial belt have been counting huge losses in two ways-additional spending on liquid fuel and paying the minimum mandatory charge to Titas 'without having the gas supply', reports UNB. According to industry...

Expert for sustainable agriculture to ensure food security +

2011-12-11 00:00:00

The government should immediately put emphasis on sustainable agriculture considering the effects of light, soil nutrients and different dimensions of soil utilisation to ensure the country's food security, according to an expert. "We should explore long-term sustainable technology to ensure...

Jute Spinners AGM approves 20pc dividend

2011-12-11 00:00:00

The 32nd annual general meeting (AGM) of Jute Spinners Limited has approved 20 per cent dividend for the year 2010-2011. The AGM was held in the city Saturday, said a press release. Director and Chief Executive Officer (CEO) of the...

Sri Lanka consumerism to grow in '12: Nielsen

2011-12-11 00:00:00

COLOMBO, Dec 10 (Xinhua): International market research company Nielsen expressed optimistic views on 2012 economic progress in Sri Lanka, noting that rapid growth and consumer spending would be seen. Nielsen, launching its 2012 Outlook this weekend, remarked upon the aggressively...

Big Moscow protest rally against vote fraud begins

2011-12-11 00:00:00

MOSCOW, Dec 10 (agencies): At least 20,000 people have thronged into a Moscow square to protest against alleged electoral fraud and against Russian Prime Minister Vladimir Putin and his party. In an unusual concession to opposition supporters, police gave permission...

India probes hospital fire

2011-12-11 00:00:00

KOLKATA, Dec 10 (AFP): Indian police were Saturday investigating the cause of a fire that killed 90 people in a hospital in Kolkata when poisonous fumes spread from the blaze in the building's basement. Patients were lowered down the outside...

Plane crashes onto Philippine slum,11 killed

2011-12-11 00:00:00

MANILA, Dec 10, (AFP): A four-seater cargo plane crashed onto a Philippine slum Saturday, sparking a fire that killed 11 people including two children and left at least another 20 injured, officials said. Rescuers recovered the burned bodies of nine...

UN climate talks look set for deal, but time presses

2011-12-11 00:00:00

Agreement on new measures to combat global warming appears within reach at the UN climate talks in South Africa, reports BBC. Draft documents issued overnight appear to address the concerns of all parties. If they are adopted when official negotiations...

Syria faces pressure over monitors as toll climbs

2011-12-11 00:00:00

DAMASCUS - World powers piled pressure on Syria to allow observers to monitor spiralling deadly violence as activists condemned rights violations on Saturday's anniversary of International Human Rights Day. Activists said 41 civilians were killed Friday in flashpoint cities across...

news digest

2011-12-11 00:00:00

Appeals for calm after disputed DR Congo election There have been appeals for calm in the Democratic Republic of Congo following the victory of President Joseph Kabila in disputed elections. Main opposition candidate Etienne Tshisekedi has rejected official results and...

National media plays an adverse role for students

2011-12-11 00:00:00

A couple of weeks back I was watching a programme on one of the most reputed private television channels of Bangladesh; the programme was actually aired on the eve of Eid-ul-Azha. It was a drama about some teenage students of...

Free education up to HSC level a basic right

2011-12-11 00:00:00

Bangladesh is a small country but has a huge population. Most people here live below the poverty line and cannot, therefore, afford to educate their children. Many poor children either drop out of school just after a few years or...

'71 carnage in Kushtia recounted

2011-12-11 00:00:00

KUSHTIA, Dec 10 (BSS): At night on March 25 in 1971, a 170- strong Pakistan army team equipped with tanks and other heavy weapons took position at Kushtia Zila School, Police Lines and Aruapara areas and conducted massacres there. Besides,...

Full-fledged TV studio at Natore demanded

2011-12-11 00:00:00

Our Correspondent NATORE, Dec 10: The people of Natore district and adjoining areas urged upon the government to take appropriate measures to convert the Natore TV sub-relay and transmission centre into a full-fledged TV studio. The Natore TV centre was...

Anti-corruption Day observed in Khulna

2011-12-11 00:00:00

Our Correspondent KHULNA, Dec 10: International Anti-Corruption Day-2011 was observed in Khulna as elsewhere in the country in a befitting manner on Friday. Elaborate programmes were chalked out in observance of the day. The programme included a colourful rally on...

Two killed in Gopalganj road accident

2011-12-11 00:00:00

GOPALGANJ, Dec 10 (UNB): Two people were killed and 35 others injured as a bus plunged into a road side ditch at Ratoil in Kashiani upazila on Dhaka-Khulna highway Friday night. The deceased were identified as bus helper Sohrab, 22,...

Tipaimukh Dam will be resisted, says Ershad

2011-12-11 00:00:00

Our Correspondent NARSINGDI, Dec 10: Jatiya Party Chairman and former President Hossain Mohammad Ershad MP said Jatiya Party and its front organisation with help of people will resist Tapaimukh Dam works at any cost. Ershad was addressing a Road March...

Industrial estate at Bhairab a cry of time

2011-12-11 00:00:00

A Correspondent BHAIRAB, Dec 10: The establishment of an industrial estate at Bhairab has become imperative to accommodate the new entrepreneurs of Bhairab river port town who are seeking facilities to set up new industries for a long time. About...

Abashon Project opens at Notidanga

2011-12-11 00:00:00

CHUADANGA, Dec 10(BSS): An Abasan Project was inaugurated at village Notidanga under Alamdanga upazila of the district yesterday. A total of 160 poor and rootless families of Baradi under Alamdanga upazila of the district have been rehabilitated in the project....

Firewood trader killed in Sundarbans

2011-12-11 00:00:00

KHULNA, Dec 10 (UNB) - A firewood trader was shot dead by pirates at a canal in Muchir Dowani area of Sundarbans in Koyra upazila early Friday. The deceased was identified as Jahangir Hossain, 35, son of Shahidul Sarder of...

Rangpur children for trial of war criminals

2011-12-11 00:00:00

RANGPUR, Dec 10 (BSS): A large number of children took part in a human chain and rally on the local Press Club premises yesterday demanding immediate trial and execution of the accused war criminals. Rangpur unit of Bangabandhu Shishu Kishore...