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HSBC may leave UK as markets hit profits

2011-11-10 00:00:00

LONDON, Nov 9 (Reuters): HSBC said costly new capital rules might force it to leave the UK, as it reported a bigger-than-expected fall in third-quarter profit, hit by lower investment banking income and higher bad debt in the United States....

France set for zero growth in last quarter

2011-11-10 00:00:00

PARIS, Nov 9 (AFP): The French economy is set for zero growth in the last quarter of the year, the Bank of France warned Wednesday two days after the government announced a new round of austerity measures. Meanwhile, the budget...

Japan's key economic index fall in Sept

2011-11-10 00:00:00

TOKYO, Nov 9 (Xinhua): Japan's benchmark coincident composite index fell 1.4 points in September from the previous month, the cabinet office said in a preliminary report last Monday. The coincident composite index (CI), which reflects current business conditions here and...

China Jan-Sept overseas investment up 12.4pc

2011-11-10 00:00:00

BEIJING, Nov 9 (Xinhua): Chinese companies invested 40.8 billion US dollars in non-financial sectors overseas in the first three quarters, up 12.4 per cent from a year earlier, despite the global financial crisis, a senior official said Tuesday. Chinese companies...

Two wives murdered by their husbands

2011-11-10 00:00:00

GAIBANDHA, Nov 9 (UNB): A housewife was stabbed to death allegedly by her husband over a family feud at Kamarpara village in Saghata upazila on Tuesday. The deceased was identified as Riju Begum, 25, wife of Mintu Mia of the...

100 injured in clashes

2011-11-10 00:00:00

Our Correspondent HABIGANJ, Nov 9: At least 60 people were injured 12 critically and 5 persons were arrested in separate villagers' clashes at Ajmiriganj and Baniachong Upazila in Habiganj Wednesday. Police and local witnesses said, the clash ensued between supporters...

RCC builds Bangladeshi mural in Norwegian city

2011-11-10 00:00:00

RAJSHAHI, Nov 9 (BSS): Rajshahi City Corporation (RCC) has built a Bangladeshi mural in Kristiansand city in Norway aiming at strengthening the longstanding friendship between the two sister cities. Mayor of Rajshahi AHM Khairuzzaman Liton and Mayor of Kristiansand City...

FIFA rejects England's second poppy request

2011-11-10 00:00:00

LONDON, NOV 9 (AP): England's hopes of wearing an embroidered red poppy on their football shirts to honor Britain's war dead were again rejected by FIFA on Tuesday, despite a last-ditch and heartfelt intervention by the British government. The Football...

Indian HC to celebrate Maulana Azad's birthday today

2011-11-10 00:00:00

Indira Gandhi Cultural Centre of Indian High Commission (HC) in Dhaka will celebrate the 123rd birth anniversary of Maulana Abul Kalam Azad as ICCR Day at 7:00 pm today (Thursday), in the centre's auditorium in Gulshan, reports UNB. Maulana Abul...

Greek finmin meets banking chiefs

2011-11-10 00:00:00

ATHENS, Oct 6 (AFP): Greek Finance Minister Evangelos Venizelos met top bankers after German Chancellor Angela Merkel suggested a possible revision of the July 21 eurozone rescue plan for Greece, a source at his ministry said Thursday. Venizelos met with...

Sensex ends down 229 pts

2011-11-10 00:00:00

MUMBAI, Nov 9 (Business Standard): Markets continued to trade in a lacklustre fashion as selling continued in banking shares. The Sensex, after moving between the positive and negative zones, is now down 13 points at 17,557. Nifty is down nine...

ICAB int'l confce begins November 27

2011-11-10 00:00:00

FE Report A four-day international conference, arranged by Institute of Chartered Accountants of Bangladesh ICAB) will begin November 27 in the city. The theme of the conference is "Best Practices and Reporting for Sustainable Development". The International Conference programme will...

Asian markets higher after Berlusconi quit vow

2011-11-10 00:00:00

HONG KONG, Nov 9 (AFP): Asian markets rose on Wednesday after Italian Prime Minister Silvio Berlusconi promised he would quit, lifting hopes that Europe's two-year-old debt crisis can be contained. Adding to buying sentiment was data out of China showing...

HSBC discloses Q3 report

2011-11-10 00:00:00

FE Report The HSBC has reported pre-tax profits in Hong Kong and rest of Asia-Pacific combined up 17 per cent year to date (YTD) as revenues grew 13 per cent in the third quarter of 2011. It also reported pre-tax...

SEBL workshop on Negotiable Instruments Act

2011-11-10 00:00:00

A workshop on "An Overview on Negotiable Instrument Act with Particular Reference to Payment of Cheques" organised by Southeast Bank Limited (SEBL) was held at the bank's training institute in the city recently, said a press release. Syed Imtiaz Hasib,...

Indian banks urged to open branches in neglected districts

2011-11-10 00:00:00

The Finance Ministry has asked all banks, including private sector lenders, to open branches in locations with population of more than 5,000 in the under-banked districts by September 2012. RBI has identified 296 districts, which are under-banked, spread across 18...

100 injured in clashes

2011-11-10 00:00:00

Our Correspondent HABIGANJ, Nov 9: At least 60 people were injured 12 critically and 5 persons were arrested in separate villagers' clashes at Ajmiriganj and Baniachong Upazila in Habiganj Wednesday. Police and local witnesses said, the clash ensued between supporters...

RCC builds Bangladeshi mural in Norwegian city

2011-11-10 00:00:00

RAJSHAHI, Nov 9 (BSS): Rajshahi City Corporation (RCC) has built a Bangladeshi mural in Kristiansand city in Norway aiming at strengthening the longstanding friendship between the two sister cities. Mayor of Rajshahi AHM Khairuzzaman Liton and Mayor of Kristiansand City...

FIFA rejects England's second poppy request

2011-11-10 00:00:00

LONDON, NOV 9 (AP): England's hopes of wearing an embroidered red poppy on their football shirts to honor Britain's war dead were again rejected by FIFA on Tuesday, despite a last-ditch and heartfelt intervention by the British government. The Football...

Indian HC to celebrate Maulana Azad's birthday today

2011-11-10 00:00:00

Indira Gandhi Cultural Centre of Indian High Commission (HC) in Dhaka will celebrate the 123rd birth anniversary of Maulana Abul Kalam Azad as ICCR Day at 7:00 pm today (Thursday), in the centre's auditorium in Gulshan, reports UNB. Maulana Abul...

Greek finmin meets banking chiefs

2011-11-10 00:00:00

ATHENS, Oct 6 (AFP): Greek Finance Minister Evangelos Venizelos met top bankers after German Chancellor Angela Merkel suggested a possible revision of the July 21 eurozone rescue plan for Greece, a source at his ministry said Thursday. Venizelos met with...

Muhith hints at CNG price hike again

2011-11-10 00:00:00

FE Report Finance Minister AMA Muhith hinted Wednesday at the possibility of further raising the CNG (compressed natural gas) price within this year. "The CNG price should be close to that of diesel," Mr Muhith told newsmen at his secretariat...

Hasina, Manmohan to talk Teesta, transit issues

2011-11-10 00:00:00

Nizam Ahmed Sharing of water of common rivers including Teesta , bilateral trade and transit are likely to dominate the talks when prime ministers of Bangladesh and India meet exclusively in Addu Atoll island in the Maldives during a South...

17th SAARC summit begins in Maldives today

2011-11-10 00:00:00

ADDU (Maldives), Nov 9: The 17th SAARC summit begins in this picturesque southern island city in the Maldives tomorrow (Thursday) with a theme "Building Bridges", reports UNB. The theme emphasises the fact that the eight-member regional forum comprising Bangladesh, Bhutan,...

Seasonal raw hide traders suffer largefinancial losses

2011-11-10 00:00:00

Jasim Uddin Haroon A large number of 'seasonal' raw hide traders have suffered substantial financial losses this year as they purchased hides at higher prices, tanners told the FE Tuesday. They also said the regular hide traders have earned nominal...

Eid-ul-Azha celebrated

2011-11-10 00:00:00

The holy Eid-ul-Azha, the second largest religious festival of the Muslim Ummah, was celebrated across the country Monday with due solemnity and fervour, reports UNB. The main feature of the festival was the sacrifice of designated animals such as goat,...

Call money rate eases slightly

2011-11-10 00:00:00

FE Report The call money rate eased slightly Wednesday, first working day after the Eid-ul-Azha festival, as the central bank injected a substantial amount of fresh fund into the market. "The call money rate eased slightly on the day following...

IMF chief warns of a 'lost decade' for global economy

2011-11-10 00:00:00

BEIJING, Nov 09 (Agencies): The head of the International Monetary Fund (IMF), Christine Lagarde, has warned that the global economy is at risk of being plunged into a "lost decade". Ms Lagarde said the ongoing debt crisis in Europe has...

400 students getstipend in Chuadanga

2011-11-10 00:00:00

CHUADANGA, Oct 6 (BSS)- A total of 400 meritorious students from different schools and madrashas of Alamdanga upazila of the district have been gotten stipend. Alamdanga Upazila Secondary Education Office distributed the stipend among the students of 53 secondary schools...

Japan's Miraca to buy US medical firm for $725m

2011-11-10 00:00:00

TOKYO, Oct 6 (Reuters): Miraca Holdings, Japan's top diagnostics and laboratory testing service provider, will buy a unit of U.S.-based Caris Life Sciences for US$725 million, joining a rush by Japanese firms to capitalise on the yen's strength to buy...