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Euro subdued in year-end trade, Italy bond sale eyed

2011-12-29 00:00:00

SYDNEYTOKYO, Dec 28 (Reuters): The euro held above an 11-month low against the dollar in Asia Wednesday, with thin year-end trade set to keep the common currency subdued ahead of an Italian bond sale later in the week. Traders expect...

Asian Tiger Capital Partners market update on DSE

2011-12-29 00:00:00

The DGEN continued to witness mixed trading in the last week of 2011 as after previous day's uptrend; market lost close to four-tenths of a percent. A combination of profit taking tendency amongst traders as well as news published in...

Dollar weaker against yen

2011-12-29 00:00:00

TOKYO, Dec 28 (AFP): The dollar was weaker against the yen in Asian trade Wednesday after the US Treasury criticised Japanese interventions aimed at stemming the rise of the unit over the past six months. The dollar stood at 77.77...

BRMA, BSMOA oppose power price hike

2011-12-29 00:00:00

FE Report Leaders of Bangladesh Re-rolling Mills Association (BRMA) and Bangladesh Steel Mill Owners Association (BSMOA) have opposed the government's move to hike price of electricity apprehending rise in price of mild steel (MS) rod. The association leaders have also...

Wind power market faces tough 2013

2011-12-29 00:00:00

COPENHAGEN, Dec 28 (Reuters): The wind turbine market faces a difficult 2013 even if a US incentive scheme known as the Production Tax Credit (PTC) is extended beyond its end-2012 expiry date, Denmark-based MAKE Consulting said in a research note....

Thai flooding dents November Japan factory output

2011-12-29 00:00:00

TOKYO, Dec 28 (AFP): Japan's industrial output shrivelled in November, figures showed Wednesday, as flooding in Thailand added to woes for companies already battling a strong yen and the global economic chill. Factory production dropped 2.6 percent month-on-month, worse than...

Green groups find success fighting shale oil boom

2011-12-29 00:00:00

WASHINGTON, Dec 28 (Reuters): A resurgent green movement is launching a multi-pronged counter-attack against the shale oil and gas boom in the United States that could slow, though ultimately not stop, development. Building upon their unexpected success in the battle...

Indian govt set to go in for extra market borrowings

2011-12-29 00:00:00

NEW DELHI, Dec 28 (Business Standard): A day after the government said it would borrow Rs 110 billion earlier than scheduled, the finance ministry added that this would not be enough. It would, said the ministry, need to raise more...

Gold falls, tracks equities on Iran, euro zone worries

2011-12-29 00:00:00

LONDONSINGAPORE, Dec 28 (Reuters): Gold fell on Wednesday, tracking industrial metals and equities lower, as concerns about global economic growth and Iran's threat to stop the flow of oil kept investors on the sidelines. Latest data out of the United...

Flower sales boom as scores mourn N. Korea's Kim

2011-12-29 00:00:00

DANDONG, CHINA, Dec 28 (AFP): Business was booming for flower sellers in the Chinese border city of Dandong on Wednesday as mourners gathered at the North Korean consulate to pay their respects to late leader Kim Jong-Il. Scores of stoney-faced...

Vietnam's coffee supply squeeze to perk up global prices

2011-12-29 00:00:00

SINGAPOREHANOI, Dec 28 (Reuters): Global coffee prices may surge early next year as tighter bank lending in top robusta producer Vietnam chokes off cash to exporters, cutting supply and pushing up premiums even as the harvest rolls in. London robusta...

Spanish home loans slump to record low

2011-12-29 00:00:00

MADRID, Dec 28 (AFP): New Spanish home loans collapsed to the lowest number in at least eight years in October, official data showed Wednesday, as the economy battled a feared recession. People took out just 22,193 loans in the month,...

BSCCL gets nod to install second submarine cable

2011-12-29 00:00:00

FE Report The government Wednesday gave approval to Bangladesh Submarine Cable Company Limited (BSCCL) to install the second submarine cable for ensuring uninterrupted connectivity with the information super highway. Managing Director of BSCCL Monwar Hossain said the Ministry of Posts...

Lack of connectivity hinders business with Myanmar

2011-12-29 00:00:00

The high potentials of bilateral trade with neighbouring Myanmar have apparently remained untapped for four major hurdles-lack of air, water and road connectivity, and required formal trade channel, said a leading businessman Wednesday, reports UNB. "If connectivity is ensured, Bangladesh's...

President for increasing exports to Ukraine

2011-12-29 00:00:00

President Zillur Rahman Wednesday emphasised on increasing export of Bangladeshi products to Ukraine with a view to reducing the trade deficit between the two countries, reports UNB. The President made the remark while newly appointed Ukrainian Ambassador to Bangladesh Oleksandr...

NY Times to sell regional newspapers for $143m

2011-12-29 00:00:00

NEW YORK, Dec 28 (Reuters): The New York Times Co said it will sell 16 regional newspapers spread across the U.S. Southeast and California to Halifax Media Holdings for $143 million in cash as it looks to cut costs and...

Food security deemed as concern in 2012

2011-12-29 00:00:00

BEIJING, Dec 28 (ANN): The year 2011 began with fearful memories of the 2008 global food crisis. That was a time when surging food prices swept the world, giving rise to riots, trade bans, and panicked hoarding. Millions of people...

Bombardier wins British trains deal

2011-12-29 00:00:00

LONDON, Dec 28 (Reuters): Bombardier, Britain's last remaining train builder, has been awarded a 189-million-pound ($296 million) contract to supply 130 carriages to UK rail operator Southern. The deal should help ease the pain caused by Britain's decision earlier this...

Cold wave with dense fog damaging Boro seedbeds

2011-12-29 00:00:00

RANGPUR, Dec 28 (UNB): Cold wave coupled with dense fog for last several days damaged boro seedlings on seedbeds in Rangpur division extensively. Farmers in the region became worried as severe cold accompanied by thick fog affected their seedbeds, and...

Youth killed by miscreants

2011-12-29 00:00:00

RAJSHAHI, Dec 28 (UNB): A young man was found dead at Padmar Char in Charghat upazila Tuesday morning. The deceased was identified as Ratan Ali, 27, son of Enamul Haque of Meramatpur village of the upazila. He was involved in...

Poet Jasimuddin's anniversary of birth January 1

2011-12-29 00:00:00

FARIDPUR, Dec 28 (BSS): The 109th birth anniversary of poet Jasimuddin will be celebrated here on January 1 in a befitting manner. Faridpur district administration and Jasim Foundation, Faridpur have chalked out elaborate programme on the occasion. The programme includes...

Eight killed in road accidents

2011-12-29 00:00:00

BRAHMANBARIA, Dec 28 (UNB): Four members of a family were killed and three others injured in a road accident at Bariura village on Dhaka-Sylhet highway in Sarail upazila today (Wednesday). The deceased were identified as Abdul Latif, 55, Rozina Akter,...

KU activities postponed for 3 days

2011-12-29 00:00:00

KHULNA, Dec 28 (UNB): Academic activities, including examinations, of Khulna University will remain postponed for three days from today (Wednesday) to mourn the death of a student by a bus of the varsity. The three-day mourning programme is being observed...

Date juice extraction gets momentum in Gopalganj

2011-12-29 00:00:00

Our Correspondent GOPALGANJ Dec. 28: The extraction of date juice is going on in full swing in five upazilas of the district, amid a brisk business of this seasonal food item. During the winter season, date juice is a very...

Holistic approach needed to prevent human trafficking

2011-12-29 00:00:00

RAJSHAHI, Dec 28 (BSS): Speakers at a workshop here Wednesday underscored the need for formulating a plan of action to prevent women and child trafficking. Besides, they recommended collective efforts of all government and non-government organizations concerned together with the...

Emergence of chars hits navigation in Madaripur

2011-12-29 00:00:00

MADARIPUR, Dec 28 (UNB): Accumulation of Silt and emergence of shoals in most of the rivers flowing through the district is affecting communication, navigation, trade and commerce as well as irrigation. The rivers Padma, Arial Kha, Palorddi and Kumar have...

Training for fish farmers begins in Gaibandha

2011-12-29 00:00:00

GAIBANDHA, Dec 28 (BSS): A 4-day training for the fish cultivators at the initiative of department of fisheries has begun at the conference room of Sundarganj Upazila Parishad of the district Monday. District fisheries officer Khirod Kumar Paul formally inaugurated...

News in brief

2011-12-29 00:00:00

One injured in Jessore bomb blast A young man critically injured in a bomb explosion near Arabpur Shamota government primary school here, last evening. He was identified as Rajan, 25, son of Bacchu Miah of Arabpur area of Jessore town....

N Korea bids wintry mass farewell to late leader

2011-12-29 00:00:00

SEOUL, Dec 28 (agencies): Tens of thousands of weeping North Koreans bade farewell Wednesday to longtime leader Kim Jong-Il as his young son and successor walked beside his father's coffin through a snowbound Pyongyang. Kim Jong-Un was at the forefront...

Anti-graft bill victory boosts Indian government

2011-12-29 00:00:00

NEW DELHI, Dec 28 (agencies): India's government sighed with relief Wednesday after parliament's lower house passed an anti-corruption bill that has become a political albatross around the neck of Premier Manmohan Singh's coalition. The bill, creating a powerful ombudsman to...