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Charter review panel to meet opposition leaders, experts

2011-04-17 00:00:00

Special committee on charter review has fixed tentative dates for holding dialogue with opposition leaders, proficient lawyers and prominent personalities, reports bdnews24.com. The committee would hold dialogue on Apr 24, 25 and 26 in the House, committee member and former...

What triggered M-E turbulence?

From Fazle Rashid | 2011-04-17 00:00:00

From Fazle RashidNEW YORK, Apr 16: The political turbulence now sweeping the Arab world and north African nations was triggered by Mohammad Bouazizi, a Tunisian fruit and vegetable vendor who set himself on fire as his sales dropped due to...

Credit flow to pvt sector records rise in Feb

Siddique Islam | 2011-04-17 00:00:00

Siddique Islam Upward trend in the disbursement of private sector credit continued in the month of February despite policy interest rates raised by the central bank, officials said. Credit flow to the private sector recorded a growth of 28.34 per...

'Khaled can't retreat from his remarks'

2011-04-17 00:00:00

Former home minister Mohammad Nasim has said stocks probe panel chief Khondker Ibrahim Khaled cannot retreat from his ' trial under martial law remarks', bdnews24.com. "Khaled is now claiming that he didn't say trial under martial law was possible. I've...

Locals lose out to int'l airlines

Kamrun Nahar | 2011-04-17 00:00:00

Kamrun NaharLack of adequate capacity of the local airlines and regulatory barriers have paved the way for the international airlines to occupy the country's airlines market both in passenger and cargo carrying, said industry insiders. They also said inefficiency of...

Official team leaves for China

2011-04-17 00:00:00

A 17-member official team is expected to leave Dhaka Saturday for china with a view to observe fish farming, good aquaculture practice and pearl cultivation there, official said. Department of Fisheries (DoF) director general Mahbubur Rahman said, the 17-member committee...

Bangladesh can become an export powerhouse: ICCB

FE Report | 2011-04-17 00:00:00

FE ReportBangladesh can become an export powerhouse if it can get its act together and seize the opportunities presented, said the International Chamber of Commerce Bangladesh (ICCB) president. ICCB President Mahbubur Rahman made the observation while presenting the report of...

Mobile phone users hit 73m in March

FE Report | 2011-04-17 00:00:00

FE ReportThe number of mobile phone subscribers in Bangladesh reached 72.963 million till March, up by 1.456 million in February, the telecom regulator said. Bangladesh Telecom Regulatory Commission (BTRC) data showed that the total number of mobile subscribers was 71.507...

China sovereign wealth fund eyeing Europe despite risks

2011-04-17 00:00:00

BOAO, China, April 16 (Reuters): Europe is likely to be hit the hardest among major economies by a potential global slowdown in 2012, but China's $300 billion sovereign wealth fund is still looking for investment opportunities there, its head said...

Food, gas costs push US consumer prices higher

2011-04-17 00:00:00

WASHINGTON, April 16 (AP): Americans paid more for food and gas last month, but outside those volatile categories inflation remained tame. The Consumer Price Index rose 0.5 per cent in March, the Labour Department said Friday. That matched February's increase,...

Pakistan exports increase by 26.5pc

2011-04-17 00:00:00

ISLAMABAD, April 16 (AFP): Minister for Commerce Makhdoom Amin Fahim apprised the National Assembly Friday that Pakistan's exports had witnessed a tremendous upsurge in 2010-11 (July-March) as these touched the figure of $17.799 billion as compared to $14.072 billion during...

Moody's cuts Ireland rating to just above junk

2011-04-17 00:00:00

DUBLIN, April 16 (AFP): Moody's cut Friday its credit ratings on Ireland by two notches to just above junk status, citing an "expected decline" in government finances that is set to hamper the indebted nation's recovery. "Moody's Investors Service has...

Online shopping complaints rise in HK

2011-04-17 00:00:00

HONG KONG, April 16 (Xinhua): The Hong Kong's Consumer Council urged caution in making online group purchases Friday, saying complaints about this form of shopping are rising. Group-buying websites sell vouchers and offer bargains, allowing consumers to sign up for...

New Glencore board to decide on Xstrata merger

2011-04-17 00:00:00

ZURICH, April 16 (Reuters): Bringing Swiss miners Glencore and Xstrata together would add value but is not on the agenda at the moment, Glencore Chief Executive Ivan Glasenberg said in a newspaper interview Saturday. "A combination of the two companies...

France keen to increase trade with India

2011-04-17 00:00:00

AGARTALA, April 16 (IANS): France is keen to increase trade and business with India and is strongly optimistic about the development of the agro, power, tourism, medicinal plants and mining sectors in eastern India, a senior diplomat said. "India-French chambers...

Tata Motors' global sales up 9pc in March

2011-04-17 00:00:00

NEW DELHI, April 16 (PTI): Tata Motors today said its global sales in March increased by 9 per cent to 1,10,785 units over the same month previous fiscal. The company, which had earlier in the day issued a statement saying...

Disasters to slash Australian growth by 1pc

2011-04-17 00:00:00

SYDNEY, April 16 (AFP): The hit to exports from Japan's quake and tsunami, devastating floods in its own northeast and a rallying dollar has shaved 1.0 per cent off Australia's growth forecasts, according to a report. Accompanied by a slump...

Sri Lanka freight helps state railway cut losses

2011-04-17 00:00:00

COLOMBO, April 16 (LBO): Increased freight transport has helped Sri Lanka's state-owned railway department sharply reduce losses in 2010, according to the central bank. It said the performance of Sri Lanka Railways was mixed in 2010 with a drop in...

Hansa Caledonia in Ctg Port: Probe team talks with captain and chief engineer

Our Correspondent | 2011-04-17 00:00:00

Our Correspondent CHITTAGONG, April 16: Leader of premier trade body CCCI Morshed Murad Ibrahim today expressed concern at the death of a labour trapped in a container to Singapore. The president of Chittagong Chamber of Commerce and Industry in a...

Transport owners urged to give appointment letters to workers

FE Report | 2011-04-17 00:00:00

FE ReportShipping Minister Shahjahan Khan Saturday urged the road transport owners to provide appointment letters to the workers, so that they can realise their insurance claims and welfare fund. "Road transport is an important service sector. The transport workers have...

UAE to curb BlackBerry usage for individuals

2011-04-17 00:00:00

DUBAI, April 16 (The Economic Times): The United Arab Emirates (UAE) will stop individuals and small businesses accessing the most private data services offered by BlackBerry, a UAE newspaper said Saturday, months after resolving a dispute over its access to...

India's inflation rises to 8.98pc in Mar

2011-04-17 00:00:00

NEW DELHI, April 16 (The Economic Times): India's headline inflation accelerated in March clouding the overall growth outlook for the economy and piling pressure on the Reserve Bank of India to tighten its monetary policy more aggressively. The wholesale price...

Canton Fair opens amid inflation concerns

2011-04-17 00:00:00

GUANGZHOU, April 16 (Xinhua): The Canton Fair, China's largest trade fair and a key indicator of the country's trade and economic development, opened Friday amid growing inflation concerns weighing on the nation's exporters. In addition to exploring business opportunities, the...

China's direct investment in Canada increases

2011-04-17 00:00:00

OTTAWA, April 16 (Xinhua): The Asia/Oceania region's share of foreign direct investment (FDI) in Canada more than doubled in the past ten years, with China contributing the most, Statistics Canada said Friday. A newly-released report by the agency showed that...

Nestle sales fall on strong franc

2011-04-17 00:00:00

ZURICH, April 16 (AFP): Swiss food giant Nestle said Friday its first quarter sales fell 9.3 per cent to 20.3 billion francs (15.7 billion euros, $22.7 billion), hit by the strong Swiss franc and costs arising from its sale of...

India among world's top seven economies under G-20 scanner

2011-04-17 00:00:00

WASHINGTON, April 16 (The Economic Times): The G-20 Friday announced that International Monetary Fund (IMF) would review policies of the world's seven largest economies, including India and China, with the objective of rectifying flaws before they imperil growth. The US,...

China says monetary tightening to continue

2011-04-17 00:00:00

BEIJING, April 16 (AFP): China will continue to tighten monetary policy for some time as the world's second-largest economy tries to tame inflation, the central bank chief was quoted by state media saying Saturday. People's Bank of China governor Zhou...

Nissan to repair all Leafs for start-up flaw

2011-04-17 00:00:00

DETROIT, April 16 (Reuters): Nissan Motor Company Limited said Friday it would repair more than 5,000 of its Nissan Leaf cars for a software glitch that has caused a number of the new electric vehicles to fail to start. "This...

Aston Martin enters India with a bang, offers 10 models

2011-04-17 00:00:00

MUMBAI, April 16 (PTI): English sports brand Aston Martin today vroomed into the domestic market with a bang, offering as many as 10 models from its luxury cars. To begin with these completely built units will be available in the...

Gold hits record highs, oil drops amid inflation fears

2011-04-17 00:00:00

LONDON, April 16 (AFP): Gold prices hit record highs close to $1,500 this week while oil and base metals fell on expectations that rising global inflation risks will lead to higher interest rates and slower growth. PRECIOUS METALS: Gold reached...