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Afghanistan opium production set to rise 61pc: UN

2011-10-13 00:00:00

KABUL, Oct 11 (AFP): Opium production in Afghanistan is set to rise by nearly two-thirds this year, with farmers' revenues set to soar compared to last year's harvest blighted by disease, the United Nations said Tuesday. Ten years after the...

Rumsfeld urges Taiwan to make known defence needs

2011-10-13 00:00:00

TAIPEI, Oct 11 (AFP): Former US defence secretary Donald Rumsfeld insisted Tuesday that further United States arms sales to Taiwan were needed as China continued with its ambitious military modernisation plans. Rumsfeld, who considers himself "a longtime friend of Taiwan",...

China urges US to stymie 'protectionist' FX bill

2011-10-13 00:00:00

BEIJING, Oct 12 (Reuters): China urged the Obama administration to block a US bill aimed at pressing Beijing to lift the yuan's value, raising the risk of further strains between the world's top two economies even if warnings of a...

S Korea's jobless rate stays at 3pc in September

2011-10-13 00:00:00

SEOUL, Oct 12 (Xinhua): South Korea's jobless rate stayed unchanged at 3 per cent in September from a month earlier, but job growth slowed down due to a one-off factor, a government report showed Wednesday. The unemployment rate stood at...

Industry group lowers Brazil 2011 growth forecast

2011-10-13 00:00:00

BRASILIA, Oct 12 (Xinhua): The Brazilian National Industry Confederation (CNI) Tuesday revised down its forecast for Brazil's economic growth this year to 3.4 per cent from 3.8 per cent due to the effects of the world economic crisis. According to...

India's exports up 36pc in Sept, imports grow 17pc

2011-10-13 00:00:00

NEW DELHI, Oct 12 (PTI): Country's exports maintained their growth momentum in September, 2011, rising by 36.3 per cent year-on-year to $24.8 billion, though there was a "deceleration" due to uncertainty in the US and Europe, Commerce Secretary Rahul Khullar...

UK unemployment jumps to highest in nearly 17 years

2011-10-13 00:00:00

LONDON, Oct 12 (Reuters): The number of unemployed in Britain jumped to its highest level since 1994 as private companies failed to make up for the job losses in the public sector, fuelling fears that the country may slip into...

AirAsia calls off proposed Vietnamese JV

2011-10-13 00:00:00

KUALA LUMPUR, Oct 12 (Reuters): Malaysian-based budget carrier AirAsia Bhd said Tuesday it had decided not to proceed with a proposed joint venture with Vietjet Aviation Joint Stock Company. AirAsia said in a filing to the Kuala Lumpur stock exchange...

Asian Tiger Capital Partners market update on DSE

2011-10-13 00:00:00

The Benchmark General Index DGEN finally bucked the sharp downtrend that hit the market this week and registered gain of 1.25%. Upon resumption of trading, market continued to head south, losing almost 150 points on thin volume as retail investors...

Alcoa profit hurt by slowdown fears

2011-10-13 00:00:00

NEW YORK, Oct 12: Alcoa Inc , the largest U.S. aluminum producer, said an economic slowdown hurt demand and knocked prices for the metal lower, denting its third-quarter profit and sending its shares down in after-hours trading. CEO Klaus Kleinfeld...

Frustrated Roddick wins, Fish out in Shanghai

2011-10-13 00:00:00

SHANGHAI, Oct 11 (AFP): Andy Roddick refocused after losing his cool Tuesday to reach the third round of the Shanghai Masters with a 7-6 (73), 7-5 win as top American Mardy Fish crashed out to Australian teen Bernard Tomic. Tenth...

Bhutan counts down to royal wedding

2011-10-13 00:00:00

THIMPHU, Oct 11 (AFP): Bhutan's king, an Oxford graduate and "prince charming of the Himalayas", is set to marry Thursday at what promises to be an emotional moment for the 700,000 adoring subjects of his isolated nation. Jigme Khesar Namgyel...

Afghanistan opium production set to rise 61pc: UN

2011-10-13 00:00:00

KABUL, Oct 11 (AFP): Opium production in Afghanistan is set to rise by nearly two-thirds this year, with farmers' revenues set to soar compared to last year's harvest blighted by disease, the United Nations said Tuesday. Ten years after the...

Rumsfeld urges Taiwan to make known defence needs

2011-10-13 00:00:00

TAIPEI, Oct 11 (AFP): Former US defence secretary Donald Rumsfeld insisted Tuesday that further United States arms sales to Taiwan were needed as China continued with its ambitious military modernisation plans. Rumsfeld, who considers himself "a longtime friend of Taiwan",...

Gangabari calm, CCCI chief urges all to show patience

2011-10-13 00:00:00

Our Correspondent CHITTAGONG, Oct 12: Trade body leaders in Chittagong have noted the Tuesday night's situation in Gangabari area in port city as a 'matter of grave concern' and asked all concerned to have patience for the sake of communal...

Smuggled spices meet75pc local demands

2011-10-13 00:00:00

Our Correspondent CHITTAGONG, Oct 12: Khatunganj Trade and Industries Association leaders have called upon the government to stop smuggling of spices through the Bangladesh-India border to ensure stability in the market. In a memorandum to Prime Minister Sheikh Hasina and...

Sugar, coffee rise, focus on euro crisis plan

2011-10-13 00:00:00

LONDON, Oct 12 (Reuters): ICE sugar, coffee and cocoa futures rose on Wednesday, buoyed by a weak dollar and expectations Slovakia's failure to ratify the euro zone's rescue plan was a temporary blip. World stocks and the euro hit three-week...

India's exports up 36pc in Sept, imports grow 17pc

2011-10-13 00:00:00

NEW DELHI, Oct 12 (PTI): Country's exports maintained their growth momentum in September, 2011, rising by 36.3 per cent year-on-year to $24.8 billion, though there was a "deceleration" due to uncertainty in the US and Europe, Commerce Secretary Rahul Khullar...

UK unemployment jumps to highest in nearly 17 years

2011-10-13 00:00:00

LONDON, Oct 12 (Reuters): The number of unemployed in Britain jumped to its highest level since 1994 as private companies failed to make up for the job losses in the public sector, fuelling fears that the country may slip into...

AirAsia calls off proposed Vietnamese JV

2011-10-13 00:00:00

KUALA LUMPUR, Oct 12 (Reuters): Malaysian-based budget carrier AirAsia Bhd said Tuesday it had decided not to proceed with a proposed joint venture with Vietjet Aviation Joint Stock Company. AirAsia said in a filing to the Kuala Lumpur stock exchange...

Asian Tiger Capital Partners market update on DSE

2011-10-13 00:00:00

The Benchmark General Index DGEN finally bucked the sharp downtrend that hit the market this week and registered gain of 1.25%. Upon resumption of trading, market continued to head south, losing almost 150 points on thin volume as retail investors...

Alcoa profit hurt by slowdown fears

2011-10-13 00:00:00

NEW YORK, Oct 12: Alcoa Inc , the largest U.S. aluminum producer, said an economic slowdown hurt demand and knocked prices for the metal lower, denting its third-quarter profit and sending its shares down in after-hours trading. CEO Klaus Kleinfeld...

Frustrated Roddick wins, Fish out in Shanghai

2011-10-13 00:00:00

SHANGHAI, Oct 11 (AFP): Andy Roddick refocused after losing his cool Tuesday to reach the third round of the Shanghai Masters with a 7-6 (73), 7-5 win as top American Mardy Fish crashed out to Australian teen Bernard Tomic. Tenth...

Bhutan counts down to royal wedding

2011-10-13 00:00:00

THIMPHU, Oct 11 (AFP): Bhutan's king, an Oxford graduate and "prince charming of the Himalayas", is set to marry Thursday at what promises to be an emotional moment for the 700,000 adoring subjects of his isolated nation. Jigme Khesar Namgyel...

Afghanistan opium production set to rise 61pc: UN

2011-10-13 00:00:00

KABUL, Oct 11 (AFP): Opium production in Afghanistan is set to rise by nearly two-thirds this year, with farmers' revenues set to soar compared to last year's harvest blighted by disease, the United Nations said Tuesday. Ten years after the...

Rumsfeld urges Taiwan to make known defence needs

2011-10-13 00:00:00

TAIPEI, Oct 11 (AFP): Former US defence secretary Donald Rumsfeld insisted Tuesday that further United States arms sales to Taiwan were needed as China continued with its ambitious military modernisation plans. Rumsfeld, who considers himself "a longtime friend of Taiwan",...

Export prospect of jute bags brightens

2011-10-13 00:00:00

Monira Munni Export prospect of locally manufactured jute bags has brightened as many buyers from Thailand started sourcing the natural fibre-made item from Bangladesh, officials said. They said members from the Thai rice association have made agreement with the state-owned...

Laptop fair begins at Shantinagar today

2011-10-13 00:00:00

FE Report A nine-day laptop fair titled 'Eastern Plus BCS Laptop Bazaar' begins today (Thursday) marking the opening of a new business centre for the technology based products in the city's Shantinagar area. Bangladesh Computer Samity (BCS) and the shop...

Regulators call for 'aggressive' push in derivatives reforms

2011-10-13 00:00:00

ZURICH, Oct 12 (AFP): Regulators Tuesday urged countries to "aggressively push forward" planned reforms of the trillion-dollar derivatives markets that were blamed for helping precipitate the global financial crisis. With just a year before the end-2012 implementation deadline set by...

Maersk sells LNG unit to Teekay, Marubeni

2011-10-13 00:00:00

BANGALORE, Oct 12 (Reuters): Global maritime transport group Teekay LNG and Japanese trading company Marubeni Corp have agreed to buy Danish shipping group A.P. Moller-Maersk's liquefied natural gas (LNG) shipping unit. The firms said in separate statements Wednesday the deal...