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Greek finmin meets banking chiefs

2011-11-11 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...

IIDFC enters into global carbon market

2011-11-11 00:00:00

FE Report IIDFC has entered into global carbon market, whose approximate value is $ 140 billion as of now, with the registration of Clean Development Mechanism (CDM) project titled "Improving Kiln Efficiency in the Brick Making Industry in Bangladesh (Bundle-1)....

BD woman entrepreneur awarded

2011-11-11 00:00:00

FE Report Amina Begum, a Bangladeshi woman entrepreneur has been awarded the Youth Business International (YBI) Entrepreneur of the Year in London, UK, said a press release. Amina, the owner of Amir Tailors and Boutique, was given the award at...

Micromax launches latest QWERTY handset

2011-11-11 00:00:00

Micromax Informatics Limited ("Micromax"), has announced the launch of its latest QWERTY handset, Micromax Q22 for the customers in Bangladesh, said a press release. This light weighted handset has been designed for people who love to chat on the internet...

Wholesalers to start selling raw hides to tanners from Sunday

2011-11-11 00:00:00

Jubair Hasan The wholesalers have planned to start selling raw hides to tanners within a couple of days, ending the prevailing row over fixation of prices between the tanners and traders. They said they would adopt open market prices this...

DGEN sheds 874 points in October

2011-11-11 00:00:00

FE Report The benchmark general index of the Dhaka Stock Exchange--- (DGEN) plunged 874 points or almost 15 per cent with loss of Tk 305 billion in market capitalization in the month of October. "The severe lack of confidence, absence...

'Italy could pose a systemic risk to global economy'

2011-11-11 00:00:00

Fazle Rashid NEW YORK, Nov 10: High debt and slow growth have been the core problems in both Europe and the US. This aroused fear of contagion spreading to all parts of the globe. The contagion has arrived with brute...

President awarded for hishumanitarian services

2011-11-11 00:00:00

President M Zillur Rahman on Thursday received the medal of Global Leader of Humanitarian Service as recognition of his life-long contribution to the cause of humanity, reports UNB. Dr Wing Kun Tam, International President of Lions Club International, formally conferred...

Saima seeks Sonia's supportfor autism campaign

2011-11-11 00:00:00

NEW DELHI, Nov 10 (BSS): Chairperson of National Advisory Committee on Autism in Bangladesh Saima Wazed Hossain today sought Sonia Gandhi's support for the autism campaign as she called on India's ruling Congress party chief at her residence. "Saima Wajed...

GAVI Alliance envoyarrives Nov 13

2011-11-11 00:00:00

Bill Roedy, former CEO of MTV and envoy of GAVI Alliance will arrive in Dhaka on November 13 on a five-day visit to Bangladesh, reports UNB. The GAVI Alliance is a public-private global health partnership committed to saving children's lives...

IUBAT, USIM sign MoU to extend cooperation

2011-11-11 00:00:00

A Memorandum of Understanding (MoU) has been signed between Universiti Sains Islam Malaysia (USIM) of Malaysia and the International University of Business Agriculture and Technology (IUBAT) of Bangladesh to extend cooperation on all academic and institutional matters, reports UNB. Prof...

Greek finmin meets banking chiefs

2011-11-11 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...

Women entrepreneurs urged to work together for better economy

2011-11-11 00:00:00

Chittagong, Nov 10: Commerce Minister Faruk Khan Thursday urged women entrepreneurs and businessmen here in the port city to work together for ensuring better contribution to economy and making country's economic condition stronger, reports UNB. "Women have learned how to...

Obama seeks ideas on reducing black joblessness

2011-11-11 00:00:00

WASHINGTON, Nov 10 (AP): In a shift in White House tactics on the cusp of an election year, President Barack Obama isn't shying away these days from saying that many of his policies were designed with African-Americans in mind. Until...

UBS to shut US asset-backed securities unit

2011-11-11 00:00:00

ZURICH, Nov 10 (Reuters): UBS is shutting its asset-backed securities business in the United States, Swiss newspaper HandelsZeitungreported on Thursday without citing sources. UBS declined to comment on the report. The head of the business, Ken Cohen, was hired just...

European Union warns of possible recession in eurozone

2011-11-11 00:00:00

BRUSSELS, Nov 10 (AP): The European Union warned Thursday that the 17-country eurozone could slip into "a deep and prolonged recession" next year as the debt crisis shows alarming signs of spinning out of control. The EU's economic watchdog, the...

RAKUB to disburse loan for Boro, potato cultivation in Gaibandha

2011-11-11 00:00:00

GAIBANDHA, Nov 10: Rajshahi Krishi Unnayan Bank (RAKUB) has taken a massive plan to disburse agriculture loan among the farmers of the district for Boro and potato cultivation during the current Robi season, reports BSS. The aim of the loan...

Thailand tries to help companies as floods spread

2011-11-11 00:00:00

BANGKOK, Nov 10 (AP): Thailand offered more help Thursday to businesses affected by widespread flooding, as water spread deeper into Bangkok and threatened to cut off a major highway. The flooding since late July has killed 533 people, caused billions...

EU welcomes WTO Russia deal

2011-11-11 00:00:00

BRUSSELS, Nov 10 (AFP) : The EU's trade commissioner welcomed Thursday "an important step" for international trade as negotiators crossed a key obstacle to Russia's accession to the World Trade Organization. Karel De Gucht said that unanimous approval by Swiss-mediated...

WEF summit kicks off in Mumbai tomorrow

2011-11-11 00:00:00

MUMBAI, Nov 10 (Business Standard): The World Economic Forum (WEF) Thursday said its annual India Economic Summit will be held here over the week-end, the first time that the IES meet is travelling out of New Delhi in its two-decade...

EADS delays A350 but avoids heat of crisis

2011-11-11 00:00:00

PARIS, Nov 10 (Reuters): Airbus parent EADS pushed back its new A350 jetliner by six months with a charge of 200 million euros ($272 million) as it gave itself more room to deliver Europe's answer to the carbon-composite Boeing 787...

IUBAT, USIM sign MoU to extend cooperation

2011-11-11 00:00:00

A Memorandum of Understanding (MoU) has been signed between Universiti Sains Islam Malaysia (USIM) of Malaysia and the International University of Business Agriculture and Technology (IUBAT) of Bangladesh to extend cooperation on all academic and institutional matters, reports UNB. Prof...

Greek finmin meets banking chiefs

2011-11-11 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...

Asia-Pacific talks to seek unity on euro crisis

2011-11-11 00:00:00

HONOLULU, Nov 10 (Reuters): Asia-Pacific finance ministers, increasingly alarmed by Europe's failure to stem its debt crisis, will seek to forge a united front Thursday and call for more decisive action as they shore up their own economies against the...

Souring bank loans, car sales fuel India's economic gloom

2011-11-11 00:00:00

MUMBAI, Nov 10 (Reuters): India's economic gloom deepened Wednesday as worsening loan quality at State Bank of India (SBI) rattled investors, Moody's downgraded its outlook for banks, and October car sales skidded 24 per cent, their worst drop in over...

Philippine exports plunge, underscoring growth worries

2011-11-11 00:00:00

MANILA, Nov 10 (Reuters): Philippine exports contracted sharply in September as global demand weakened across the board, and the electronics industry said prospects for the country's main shipment remained bleak due to world economic turmoil. Exports fell 27.4 per cent...

NZ mfg sees surprise contraction in Oct

2011-11-11 00:00:00

WELLINGTON, Nov 10 (Xinhua): Manufacturing activity in New Zealand declined sharply last month after six straight months of growth, according to the latest BNZ-Business New Zealand Performance of Manufacturing Index (PMI). The PMI figure for October was 46.5, down from...

Italy's cost of borrowing touches new record amid investors' fears

2011-11-11 00:00:00

MILAN, Nov 10 (Xinhua): Italy's borrwing cost soared to breaking point Wednesday, after Prime Minister Silvio Berlusconi announced last Tuesday that he would resign after reforms aimed at calming the eurozone turmoil was adopted. In a clear sign of the...

Thai consumer confidence at 10-year low, floods hit more firms

2011-11-11 00:00:00

BANGKOK, Nov 10 (Reuters): Thai consumer confidence fell to a 10-year low in October because of flooding that has taken 533 lives and shut thousands of factories, with another industrial estate threatened Thursday as water spread in the east of...

India, Indonesia negotiate rice trade deals

2011-11-11 00:00:00

NEW DELHIJAKARTA, Nov 10 (Reuters): Indonesia, the world's third-biggest rice consumer, has asked India for supplies of the staple food grain after floods hit top rice exporter Thailand, potentially disrupting shipments. India, the world's second-biggest producer and consumer of rice,...