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Messi misses late penalty as Real take top spot

2011-10-24 00:00:00

MADRID, Oct 23 (AFP): Lionel Messi missed an injury time penalty as Barcelona were held to a 0-0 draw by nine-man Sevilla on Saturday, a result which saw the champions surrender top spot to Real Madrid who beat Malaga 4-0....

DSE SVP off to Germany

2011-10-24 00:00:00

FE Report Senior vice president of Dhaka Stock Exchange (DSE) Ahasanul Islam Tito left Dhaka for Germany Saturday as member of the entourage of Prime Minister Sheikh Hasina. Mr Tito will meet the German business leaders and non-resident Bangladeshis (NRBs)...

Trade show on green energy in mid-Feb

2011-10-24 00:00:00

FE Report Exponet Exhibition (Pvt.) Ltd. in association with BRAC EPL Investments Limited (BEIL) will organize a three-day long trade show on Green Industrial Equipment, Biodiversity & Renewable Energy Technology. The event, titled "Showcase Clean Development Mechanism Bangladesh (CDMB)" is...

DSE news in brief

2011-10-24 00:00:00

Cos to hold board meet Atlas Bangladesh: As per regulation 30 of DSE Listing Regulations, a meeting of board of directors of Atlas Bangladesh will be held on October 26, 2011 at 4:00pm to consider, among others, audited financial statements...

ICB AMCL discloses NAV of mutual funds

2011-10-24 00:00:00

ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has disclosed net asset value (NAV) of different mutual funds. The total NAV of different mutual funds managed by the ICB AMCL at the close of...

GP revenue rises 18pc in Q3

2011-10-23 00:00:00

FE Report Grameenphone's revenue grew by 18 per cent to Tk 22.83 billion in the the third quarter (Q3) of 2011, an increase of Tk 3.49 billion from the same period last year, the country's biggest cellphone company said. The...

Muhith asks banks, corporate bodies to contribute more in CSR activities

2011-10-23 00:00:00

FE Report Finance Minister AMA Muhith Saturday called upon banks and corporate entities to contribute more in the CSR arena. Addressing a scholarship awarding ceremony of Dutch-Bangla Bank Ltd (DBBL) in the city, the Finance Minister said, other banks should...

China now a lucrative market for Bangladeshi jute yarn

2011-10-23 00:00:00

Arafat Ara China has emerged as a lucrative market for jute yarn after Turkey, Middle East and North African countries as the nation is gradually switching over from raw jute to import of jute yarn from Bangladesh, said sector insiders....

Body formed for investment of life fund in stock mkt

2011-10-23 00:00:00

FE Report A 3-member committee has been formed to prepare for investment of life fund for submission to Securities & Exchange Commission. This was disclosed in a Bangladesh Insurance Association (BIA)-arranged meeting attended by chairmen of all private insurance Continued...

Japan to act decisively on excessive forex moves

2011-10-23 00:00:00

TOKYO, Oct 22 (Reuters): Japan's finance minister said Saturday he would take decisive action against excessive and speculative yen moves, Kyodo news agency reported, threatening to conduct currency intervention after the yen rose to a record high against the dollar....

China-ASEAN fund invests $50m in Laos potash plant

2011-10-23 00:00:00

NANNING, Oct 22 (Xinhua): The China-ASEAN Fund on Investment Cooperation has invested 50 million US dollars to aid in the development of a potash salt ore mine in Laos, the fund operator said Friday. The fund has bought a stake...

Reliance Cap gets top ratings from Crisil, Icra

2011-10-23 00:00:00

NEW DELHI Oct 22 (PTI): Two leading rating agencies, Crisil and Icra, have assigned highest-credit quality ratings to the short-term debt programmes of financial services major Reliance Capital. While Crisil has assigned an 'A1+' rating to Reliance Capital's Rs 60...

Axis Bank Q2 net up 25pc

2011-10-23 00:00:00

MUMBAI, Oct 22 (Reuters): India's No 3 private lender, Axis Bank, reported a higher-than-expected 25 per cent rise in second-quarter profit Saturday. The bank said its net profit in the quarter ending September rose to 9.2 billion rupees ($184.6 million)...

China-ASEAN Business, Investment Summit starts

2011-10-23 00:00:00

NANNING, Oct 22 (Xinhua): The eighth China-ASEAN Business and Investment Summit (CABIS) started here Friday as state and business leaders explore ways to boost regional growth and cooperation amid concerns over the faltering global economic recovery. Chinese Premier Wen Jiabao...

Sri Lanka disclosure rules help propel rise in business ranking

2011-10-23 00:00:00

COLOMBO, Oct 22 (LBO): Tighter corporate disclosure rules helped propel Sri Lanka up the ease of doing business rankings, moving it closer to the target ranking of 30, a regulator said. According to the 'Doing Business Ranking' computed by the...

Indonesia lures foreign auto parts maker to invest

2011-10-23 00:00:00

JAKARTA, Oct 22 (Xinhua): Indonesia will soon be the destination of new investment in the auto parts sector as talks are under way, the Jakarta Post quoted a minister as saying Saturday. Industry Minister MS Hidayat said that investment in...

Mortgages, house building down sharply in Spain

2011-10-23 00:00:00

MADRID, Oct 22 (Xinhua): The number of mortgages granted to prospective home buyers in Spain fell again in August, one more bad news for the Spanish economy, figures showed Friday. August 2011 saw a 41.7-per cent drop in mortgages granted...

Modern processing centre can boost vegetables export

2011-10-23 00:00:00

Badrul Ahsan Modern processing centre with packaging facilities and efficient and hassle-free airport services can give a big boost to the exports of fresh vegetables and fruits of the country, insiders said. Despite slow growth in exports of fresh vegetables...

Commodity prices slide before EU debt summits

2011-10-23 00:00:00

LONDON, Oct 22 (AFP): Commodity prices mostly fell this week on eurozone debt tensions, weaker-than-expected Chinese growth data and the death of Moamer Kadhafi, the former strongman in oil-producer Libya. There were late rallies however on hopes that European leaders...

REHAB starts taking action against accused realtors

2011-10-23 00:00:00

Sonia H Moni The Real Estate and Housing Association of Bangladesh (REHAB) has started taking action against the accused realtors of the country, said REHAB president Nasrul Hamid Saturday. Mr Hamid told the FE, "We had already served show cause...

China may extend sugar import quotas on weak global prices

2011-10-23 00:00:00

BEIJING. Oct 22 (Commodity Online): China may extend Sugar import quotas as global sugar prices are witnessing a declining trend. Sugar for March delivery at the Inter Continental Exchange (ICE) traded down 0.17 per cent touching $26.80. According to the...

RMG traders exploring new mkts

2011-10-23 00:00:00

Shah Alam Nur Readymade garment (RMG) traders have reinforced drive to explore new destinations for exports to expand the existing market, industry leaders said. As part of the move, leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) are now...

Govt to enforce Mandatory Jute Packaging Act

2011-10-23 00:00:00

A law was formulated over a year back making the use of jute bags in packing food stuff and farm produces mandatory, but the much-hailed law is hardly practiced, reports UNB. Although most of the government agencies have almost come...

Country sees 4,000-7,000MW power from sea waves: Study

2011-10-23 00:00:00

The country can extract as much as 4,000 to 7,000 Mega Watts (MW) of electricity along 710 kilometres of coastline from the waves of the Bay of Bengal, a preliminary study done in Cox's Bazar claimed Saturday, reports BSS. Researchers...

Jordan wants to recruit domestic helps from Bangladesh

2011-10-23 00:00:00

Kamrun Nahar Jordan wants to recruit domestic helps from Bangladesh. A report in Jordan Times, a news daily published from Amman, said Jordan wants to recruit these domestic workers through government recruiting agencies in Bangladesh to ensure domestic workers' rights...

Cattle traders concerned over highway robberies

2011-10-23 00:00:00

Jubair Hasan back from Kushtia Cattle traders in the country's northern region expressed their concern over the sudden rise of highway robberies, saying such lawlessness might discourage them to carry sacrificial animals to the city's cattle markets ahead of Eid-ul-Azha....

Libya rules out Gaddafi post-mortem but promises probe into killing

2011-10-23 00:00:00

MISRATA, Libya, Oct 22 (AFP): Military commanders in the Libyan city of Misrata said Saturday that no post-mortem would be carried out on the body of Muammar Gaddafi despite concerns over how the toppled dictator died. Interim leader Mustafa Abdel...

Jordan's king urges restart of ME peace talks

2011-10-23 00:00:00

SOUTHERN SHUNEH, Oct 22 (AP): Jordan's king has urged Israel and the Palestinians to look to the Arab Spring uprisings for inspiration and to restart their stalled peace talks. Abdullah says the future for the Middle East and beyond is...

Total US troops to be withdrawn from Iraq by year end: Obama

2011-10-23 00:00:00

WASHINGTON, Oct 22 (AP): President Barack Obama Friday declared an end to the Iraq war, one of the longest and most divisive conflicts in US history, announcing that all American troops would be withdrawn from the country by year's end....

UN calls on Saleh to hand over power

2011-10-23 00:00:00

UNITED NATIONS, Oct 22 (AFP): The UN Security Council Friday passed a resolution calling on Yemen's President Ali Abdullah Saleh to immediately sign a deal under which he would quit. But Yemen's Nobel Peace Prize winner, Tawakkul Karman, criticised the...