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Hong Kong's exports volume up 17.7pc in Q1

2011-05-14 00:00:00

HONG KONG, May 13 (Xinhua): Hong Kong's total exports volume increased by 17.7 per cent year on year in the first quarter in 2011, said the Census and Statistics Department (C&SD) of the city government Thursday. During the first three...

Tata Housing to invest Rs 20.0b in Gurgaon

2011-05-14 00:00:00

NEW DELHI, May 13 (PTI): Tata Housing Development Company today said it will invest Rs 20.0 billion in the next three years to build a luxury housing project in Gurgaon and also announced its plans to foray into the overseas...

Pakistan, Russia to promote trade

2011-05-14 00:00:00

MOSCOW, May 13 (APP): Pakistan and Russia Thursday agreed to promote trade, investment and pursue joint projects particularly in energy, infrastructure development, metal industry and agriculture. In a joint communique issued after the meeting of President Asif Ali Zardari and...

Petronas plans $20b Johor energy complex

2011-05-14 00:00:00

KUALA LUMPUR, May 13 (Reuters): Malaysia's state-run Petronas will build a 20-billion-dollar integrated refinery and petrochemicals complex that will raise the country's total refining capacity by half to 935,300 barrels per day (bpd), the oil company said Friday. The new...

Fixed mortgage rates in US hit lowest levels for 2011

2011-05-14 00:00:00

NEW YORK, May 13 (AP): Fixed mortgage rates have fallen to their lowest levels this year, giving Americans more incentive to buy homes or refinance their loans. Freddie Mac says the average rate on the 30-year loan fell to 4.63...

China suspends diesel exports to ensure domestic supply

2011-05-14 00:00:00

BEIJING, May 13 (AFP): China has halted diesel shipments and restricted exports of refined oil products, in a bid to ensure domestic supply and stabilise fuel costs amid surging inflation in the country. The National Development and Reform Commission said...

VW sales gain 14.5pc in April

2011-05-14 00:00:00

FRANKFURT, May 13 (AFP): The biggest European carmaker, Volkswagen, reported annualised sales growth of 14.5 per cent in April and said Friday it expected to sustain its momentum in the coming months. The group, which also owns brands like Audi,...

Brazil to slap barriers on car imports

2011-05-14 00:00:00

BRASILIA, May 13 (Reuters): Brazil will apply non-tariff trade barriers on cars in an effort to protect domestic manufacturers, the government said Thursday, in a new example of escalating protectionism in South America. The move comes as Brazil's currency is...

1,071 bottles of phensidyl seized

2011-05-14 00:00:00

Members of the Rapid Action Battalion (RAB) seized a private car with 1,071 bottles of phensidyl during a raid at Manikdihi village in Jessore Sadar Upazila here Wednesday. RAB sources said acting, on a tip-off, a team of the force...

Two arrested with OMS rice

2011-05-14 00:00:00

Police arrested two people along with 20 sacks of OMS rice at Parajpur Mistripara village in Dinajpur Sadar Upazila Wednesday. Police said OMS rice dealer Zahurul Haque hired a shallow engine driven van to carry 20 sacks of government rice...

Pistol seized in Mymensingh

2011-05-14 00:00:00

Police seized a foreign made pistol from a goods laden truck at Shekari on Dhaka-Mymensingh Highway in Sadar Upazila of the district yesterday. Acting on a tip off, a team of the police intercepted the Sherpur- bound truck from Dhaka...

Housewife killed for dowry

2011-05-14 00:00:00

A housewife was strangulated to death allegedly by her husband for dowry at Para village in Domar Upazila of Nilphamari early Tuesday.The deceased was identifies as Putul (25), wife of Dulal Hossain of the village.Police said Dulal married Putul nine...

Youth gets six months jail

2011-05-14 00:00:00

A mobile court of Bogra Tuesday convicted a youth and sentenced him to six months imprisonment for teasing a college girl.The convict was identified as Shaheb Ali (24), son of Golam Rabbani of Bhutbari village in Dhunat Upazila. Police said...

Mamata Banerjee is 'sister' to fans

2011-05-14 00:00:00

KOLKATA, May 13 (AFP): To her followers, the Indian politician who is set to end the rule of the world's oldest democratically elected communist government is known simply to her followers as "didi" or elder sister. The diminutive Mamata Banerjee,...

Qatar quits effort to mediate end to Yemen crisis

2011-05-14 00:00:00

SANAA, May 13 (AP): Qatar has pulled out of an effort to mediate an end to Yemen's political crisis, blaming the country's embattled president Friday for the impasse and potentially leaving his regime even more isolated among his neighbours. Qatar...

Thousands rally for unity in Egypt's Tahrir Square

2011-05-14 00:00:00

CAIRO, May 13 (AFP): Thousands of people rallied in Cairo's Tahrir Square Friday calling for unity and the rule of law to be enforced after attacks on churches, state television reported. Footage aired from the iconic square, the epicentre of...

Security fears for US Navy Seal team

2011-05-14 00:00:00

The US is to tighten security around the elite military unit that killed Osama Bin Laden, US Defence Secretary Robert Gates has said, reports BBC. Mr Gates revealed that the US Navy Seal team had expressed concerns over their safety...

Hamas sends signals of moderation to West

2011-05-14 00:00:00

GAZA CITY, May 13 (AP): Hamas, the Islamic militant group known for suicide bombings, rocket attacks and hatred of Israel, is sending subtle signals of moderation as it prepares to join a Palestinian unity government. Hamas officials speak of reconciliation...

news digest

2011-05-14 00:00:00

13 rebels, bandits killed in Philippines MANILA, May 13: Philippine forces have killed 13 communist guerrillas and rebels-turned-bandits in separate clashes over two days, police officials said on Friday. In the latest incident, soldiers and police on Friday shot dead...

China suspends diesel exports to ensure domestic supply

2011-05-14 00:00:00

BEIJING, May 13 (AFP): China has halted diesel shipments and restricted exports of refined oil products, in a bid to ensure domestic supply and stabilise fuel costs amid surging inflation in the country. The National Development and Reform Commission said...

VW sales gain 14.5pc in April

2011-05-14 00:00:00

FRANKFURT, May 13 (AFP): The biggest European carmaker, Volkswagen, reported annualised sales growth of 14.5 per cent in April and said Friday it expected to sustain its momentum in the coming months. The group, which also owns brands like Audi,...

Brazil to slap barriers on car imports

2011-05-14 00:00:00

BRASILIA, May 13 (Reuters): Brazil will apply non-tariff trade barriers on cars in an effort to protect domestic manufacturers, the government said Thursday, in a new example of escalating protectionism in South America. The move comes as Brazil's currency is...

1,071 bottles of phensidyl seized

2011-05-14 00:00:00

Members of the Rapid Action Battalion (RAB) seized a private car with 1,071 bottles of phensidyl during a raid at Manikdihi village in Jessore Sadar Upazila here Wednesday. RAB sources said acting, on a tip-off, a team of the force...

Two arrested with OMS rice

2011-05-14 00:00:00

Police arrested two people along with 20 sacks of OMS rice at Parajpur Mistripara village in Dinajpur Sadar Upazila Wednesday. Police said OMS rice dealer Zahurul Haque hired a shallow engine driven van to carry 20 sacks of government rice...

Pistol seized in Mymensingh

2011-05-14 00:00:00

Police seized a foreign made pistol from a goods laden truck at Shekari on Dhaka-Mymensingh Highway in Sadar Upazila of the district yesterday. Acting on a tip off, a team of the police intercepted the Sherpur- bound truck from Dhaka...

Housewife killed for dowry

2011-05-14 00:00:00

A housewife was strangulated to death allegedly by her husband for dowry at Para village in Domar Upazila of Nilphamari early Tuesday.The deceased was identifies as Putul (25), wife of Dulal Hossain of the village.Police said Dulal married Putul nine...

Youth gets six months jail

2011-05-14 00:00:00

A mobile court of Bogra Tuesday convicted a youth and sentenced him to six months imprisonment for teasing a college girl.The convict was identified as Shaheb Ali (24), son of Golam Rabbani of Bhutbari village in Dhunat Upazila. Police said...

Stock indices, turnover continue to decline

2011-05-14 00:00:00

FE Report Bearish trend continued on the Dhaka Stock Exchange (DSE) for the fifth straight week with substantially low turnover. Absence of big and institutional investors, liquidity crunch in banking system and lack of confidence among the general investors were...

Prime Financial UF NAV disclosed

2011-05-14 00:00:00

The total NAV of Prime Financial First Unit Fund stood at Tk 207,119,238 on the basis of cost price and Tk 183,167,004 on the basis of market price at the close of business operation May 12. The NAV per unit...

GMG Airlines inks deal with Concord

2011-05-14 00:00:00

Bangladesh biggest private carrier GMG Airlines has signed an agreement with Concord Entertainment Co., Ltd to provide special rates and privileges to each other's employees and customers, in addition to launching joint promotional campaigns. Asif Ahmed, Head of Marketing of...