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US cotton settles sharply lower as switches weigh*****

2011-04-22 00:00:00

NEW YORK, Apr 21 (Business Recorder): US cotton futures tumbled again Wednesday, with most of the decline in nearby contracts attributed to switches ahead of first notice day, and some brokers said negative technical charts and ample supplies anticipated in...

Gold hits fresh record as dollar slides, oil rallies

2011-04-22 00:00:00

LONDON, Apr 21 (AFP): Gold prices hit record highs for a fifth session Thursday and silver rallied to its strongest since 1980 as the dollar slid to a three-year low against a basket of major currencies and oil prices rallied....

India in dilemma over wheat exports*****

2011-04-22 00:00:00

NEW DELHI, Apr 21 (Commodity Online): India, world's second largest wheat producer remained in dilemma over whether to allow wheat exports or not as the country is caught up between huge buffer stocks of the commodity and inflation worries. India's...

BP hits Halliburton inlatest oil spill claim

2011-04-22 00:00:00

LONDON, Apr 21 (Reuters): BP Plc has filed a lawsuit against Halliburton, the company that cemented the blown-out well which caused the Gulf of Mexico oil spill, a day after claiming $40 billion (24 billion pounds) from rig owner Transocean....

China commercial crude oil stocks rise in March

2011-04-22 00:00:00

BEIJING, Apr 21 (Business Recorder): Commercial stocks of crude oil in China rose two per cent in March from the previous month while stocks of gasoline, diesel and kerosene fell eight per cent, the first decline in 5 months. The...

India's food inflation rises to 8.74pc for week ended April 9******

2011-04-22 00:00:00

NEW DELHI, Apr 21 (Business Standard): Reversing a three-week declining trend, food inflation shot up to 8.74 per cent for the week ended April 9 from 8.28 per cent in the previous week on account of expensive fruits, protein-based items...

UK retail sales unexpectedly increase in March on food

2011-04-22 00:00:00

LONDON, Apr 21 (Bloomberg): UK retail sales unexpectedly rose in March as the biggest jump in spending on food in 10 months outweighed a decline at other shops. Sales rose 0.2 per cent from February, when they dropped 0.9 per...

Chevron deploys CPV solar technology

2011-04-22 00:00:00

NEW MEXICO, Apr 21 (Commodity Online): Rising need for alternate fuels due to sky high petroleum prices have resulted in an anomaly where Chevron group has decided to evaluate economic viability of emerging concentrating solar photovoltaic (CPV) technology. Chevron, with...

OECD recommends tax hike for post-quake Japan*****

2011-04-22 00:00:00

TOKYO, April 21 (AP): The Organisation for Economic Cooperation and Development (OECD) is recommending that Japan as much as quadruple its sales tax rate to deal with a crushing deficit that's bound to grow as it spends on reconstruction from...

Asian Tiger Capital Partners market update on DSE******

2011-04-22 00:00:00

Events: After five days of downtrend the Benchmark General Index DGEN reversed to post gain of 0.98% on the last day of trade this week. The Index at 6100 level was tested twice recently from where it bounced back and...

South Korea to inspect forex deals to check local currency rise*****

2011-04-22 00:00:00

SEOUL, April 21 (AFP): South Korean officials trying to check the local currency's rise will inspect foreign exchange transactions at banks to see whether they comply with rules on derivatives, officials said Thursday. The central Bank of Korea and the...

Nokia Siemens gets China nod for Motorola unit buy*****

2011-04-22 00:00:00

HELSINKI, April 21 (Reuters): Chinese regulators have approved Nokia Siemens Networks' (NSN) acquisition of Motorola Solutions' telecom network gear business, clearing the last major hurdle for the deal to go through. The closing of the deal has been delayed twice...

Sri Lanka industrial productivity rises 10.9pc in 2010

2011-04-22 00:00:00

COLOMBO, April 21 (LBO): Labour productivity in Sri Lanka's industry rose 10.6 per cent in 2010 racing ahead of economy-wide gains which were dragged down slower increases in agriculture and services, according to official data. Overall labour productivity in all...

Apple iPhone sales double in 2011*****

2011-04-22 00:00:00

WASHINGTON, April 21 (BBC): Latest profits for the computer giant Apple beat hopes, including a higher-than-expected rise in iPhone sales. Net income for the three months to March jumped 85 per cent on the same period a year ago, with...

Europeans slam China govt procurement practices

2011-04-22 00:00:00

BEIJING, April 21 (AFP): The European Union Chamber of Commerce has accused China of trade protectionism for refusing to grant EU companies a level playing field in the lucrative government procurement market. China responded Thursday by insisting that the government...

EC tightens conflict of interest rules

2011-04-22 00:00:00

BRUSSELS, April 21 (AFP): The European Commission (EC) tightened the code of conduct for top officials Wednesday in the wake of conflict-of-interest scandals, but anti-corruption groups say the measures do not go far enough. The new code bars European Union...

UK retail sales unexpectedly increase in March on food

2011-04-22 00:00:00

LONDON, Apr 21 (Bloomberg): UK retail sales unexpectedly rose in March as the biggest jump in spending on food in 10 months outweighed a decline at other shops. Sales rose 0.2 per cent from February, when they dropped 0.9 per...

Chevron deploys CPV solar technology

2011-04-22 00:00:00

NEW MEXICO, Apr 21 (Commodity Online): Rising need for alternate fuels due to sky high petroleum prices have resulted in an anomaly where Chevron group has decided to evaluate economic viability of emerging concentrating solar photovoltaic (CPV) technology. Chevron, with...

OECD recommends tax hike for post-quake Japan*****

2011-04-22 00:00:00

TOKYO, April 21 (AP): The Organisation for Economic Cooperation and Development (OECD) is recommending that Japan as much as quadruple its sales tax rate to deal with a crushing deficit that's bound to grow as it spends on reconstruction from...

Asian Tiger Capital Partners market update on DSE******

2011-04-22 00:00:00

Events: After five days of downtrend the Benchmark General Index DGEN reversed to post gain of 0.98% on the last day of trade this week. The Index at 6100 level was tested twice recently from where it bounced back and...

Tk 1.0b uplift project undertaken in Khulna

2011-04-22 00:00:00

Our Correspondent KHULNA, Apr 21: An initiative has been taken to implement the project for the development of communication system of Khulna town at a cost of Tk. 1 billion with the financial assistance of City Development Initiative for Asia...

West Zone Railway implements Tk 1.55b uplift project

2011-04-22 00:00:00

RAJSHAHI, Apr 21 (BSS): The West Zone of Bangladesh Railway has been implementing a Tk 1.55 billion uplift project in Rajshahi and Chapainawabganj districts aiming at bringing dynamism into the railway transportation. According to the officials concerned, the one and...

80 posts of Jamalganj UZ admn lying vacant

2011-04-22 00:00:00

SUNAMGANJ, Apr 21 (UNB) : Eighty posts, including eight official positions, at Jamalganj Upazila administration are lying vacant for a long time hampering normal administrative activities. Upazila administration sources said the posts of Assistant Commissioner (land) remained vacant for a...

Police constable killed in Gazipur

2011-04-22 00:00:00

GAZIPUR, Apr 21 (UNB) : A police constable was killed as a microbus of robbers ran over him at Pubail Meerer bazar in Sadar Upazila Wednesday night. The deceased was identified as Mamunur Rashid (25) of Shyemnagar village in Kushtia....

Show cause notice served to 11 RUET students

2011-04-22 00:00:00

RU CorrespondentRAJSHAHI UNIVERSITY, Apr 21: The authority of the Rajshahi University of Engineering and Technology (RUET) served show cause notice to its11 students over the February 23 incident. RUET reopened on April 17 amid tight security after 54 days of...

Wrangle between WDB engineer, contractor leads to cases

2011-04-22 00:00:00

Our Correspondent RANGPUR, Apr 21: A corruption case was filed against executive engineer of Rangpur Water Development Board (WDB) Shahidul Islam on Sunday. Contractor Shahadat Hossain brought an allegation of bribery against the executive engineer four days after Shahidul had...

BGB rescues 17 persons including women, children in Joypurhat

2011-04-22 00:00:00

Our Correspondent JOYPURHAT, Apr 21: Seventeen persons including women and children were rescued by Border Guards of Bangladesh (BGB) from Vuidoba village under Panchbibi Upazila in the district Thursday noon. They were being trafficked to India. On information BGB members...

River eroded people ransack Gaibandha water board office

2011-04-22 00:00:00

GAIBANDHA, Apr 21 (UNB) : Thousands of agitated Jamuna river eroded victims Thursday ransacked Gaibandha Water Development Board office to press for implementing Saghata Upazila Protection Project. The agitated people also enforced a half-day hartal in Saghata Upazila today in...

NBL managers' conference held

2011-04-22 00:00:00

Our CorrespondentRAJSHAHI, Apr 21: The quarterly conference of branch managers of National Bank Limited, Rajshahi region was held at the hallroom of Rajshahi office at Shaheb Bazar recently. Presided over by Wasif Ali, Chief Executive Vice President of NBL, Rajshahi...

Asian Tiger Capital Partners market update on DSE******

2011-04-22 00:00:00

Events: After five days of downtrend the Benchmark General Index DGEN reversed to post gain of 0.98% on the last day of trade this week. The Index at 6100 level was tested twice recently from where it bounced back and...