NEW YORK, May 3 (AFP): US drugmaker Pfizer said Tuesday that first-quarter earnings jumped 10 per cent despite a 13 per cent hit to sales of its anti-cholesterol drug Lipitor from new generic competition. Net earnings at the world's biggest...
Private jet operator, Royal Jet, expects its 2011 revenue to grow by up to 15 per cent, despite the turmoil in regional and global markets, the Abu Dhabi-based company's President and CEO, Shane Jeffree O'Hare, told the news agency. "This...
HANOI, May 3 (Reuters): Finance ministers of China, Japan and South Korea are mindful of the challenges from inflation, rising commodity prices and the increasing volatility of capital flows to the region, a draft statement seen Tuesday ahead of a...
NEW DELHI, May 3 (Economic Times): India is in no hurry to push for preferential trade agreement (PTA) with Pakistan despite agreeing to explore the idea at the recent meeting between the two countries. "We could work on a PTA...
TOKYO, May 3 (Reuters): Tokyo Electric Power may be asked to shoulder half of an estimated $49 billion in total compensation for damages stemming from its crippled nuclear power plant with other power firms to bear the rest, a Japanese...
SEOUL, May 3 (Xinhua): South Korea plans to increase zero-tariff import items from May as part of efforts to ease prices hikes, the finance ministry said Tuesday. The government will impose lower or no tariffs on 9 additional food imports...
ENGLEWOOD, Colo, May 3 (AP): Dish Network Corp, the nation's second-largest satellite TV broadcaster, reported Monday that its first-quarter net income more than doubled, helped by a patent settlement with TiVo Inc. The Englewood, Colo, company also added a net...
The Benchmark General Index DGEN continued its downtrend as the market lost 2.1%. The current market does look like a largely retail driven market and with absence of institutional and big investor's participation, market is lacking serious liquidity and adequate...
NEW YORK, May 3 (AFP): US drugmaker Pfizer said Tuesday that first-quarter earnings jumped 10 per cent despite a 13 per cent hit to sales of its anti-cholesterol drug Lipitor from new generic competition. Net earnings at the world's biggest...
Private jet operator, Royal Jet, expects its 2011 revenue to grow by up to 15 per cent, despite the turmoil in regional and global markets, the Abu Dhabi-based company's President and CEO, Shane Jeffree O'Hare, told the news agency. "This...
FE ReportThe European Union (EU) will provide technical support and training facilities to Bangladesh to help build up skilled human resources, says its envoy. William Hanna, ambassador and head of the EU Delegation in Dhaka, gave the offers during a...
UNITED ARAB EMIRATES, May 3 (AMEinfo.com): Regional governments in the Gulf should consider setting up an offset fund to reinvest in a variety of local tourism initiatives and projects to enhance opportunities for the national workforce, according to a leading...
WASHINGTON, May 3 (BBC): US manufacturing output grew last month, boosted by a weak dollar that made American goods cheaper overseas. The sector expanded to a higher-than-expected level of 60.4 in April, down from 61.2 the previous month, said the...
DUBAI, May 3 (Gulfnews): After having increased airfares by about 15 per cent this year, Emirates could be forced to raise them again this year if oil prices continue to rise, Tim Clark, Emirates President, told the news agency. "We...
KHOBAR, May 3 (Reuters): State utility company Saudi Electricity Co (SEC) has awarded General Electric (GE) contracts worth more than $500 million to help SEC add 1,680 megawatts (MW) of generation capacity, the US firm said Monday. GE is the...
MUSCAT, May 3 (Reuters): Oman will open the door to Islamic banks and also let conventional lenders run Sharia-compliant operations in a bid to grab a share of the rapidly growing Islamic finance business. A central bank official told the...
FRANKFURT, May 3 (AFP): Metro, the world's third-biggest retail distributor, posted Tuesday a first-quarter net loss of three million euros ($4.4 million) while maintaining its earnings targets for the year as a whole. Metro had reported a net loss of...
SEOUL, May 3 (AFP): South Korea's flag carrier Korean Air said Tuesday it would buy a total of seven passenger planes from Airbus and Boeing for nearly $1.58 billion. The airline said the planes-five Airbus A330-200s and two Boeing B777-300ERs-would...
FE ReportA 10-member Bangladesh delegation is now visiting Moscow to finalise a deal with Russian oil and gas company Gazprom over energy sector cooperation, official sources said Tuesday. The team comprising experts on gas well drilling and setting up compression...
The weekly tea sale in Chittagong Tuesday was marked by much less demand, whereby prices declined quite substantially particularly for the medium and plainer varieties, according to a press release. There was some interest from the Blenders whilst Loose Tea...
SINGAPORE, May 3 (AFP): Oil eased in Asian trade today as traders digested news of Osama bin Laden's death, but analysts warned prices look set to be tied to unrest in the Arab world and the dollar's value in the...
DUBAI, May 3 (Gulfnews): After having increased airfares by about 15 per cent this year, Emirates could be forced to raise them again this year if oil prices continue to rise, Tim Clark, Emirates President, told the news agency. "We...
KHOBAR, May 3 (Reuters): State utility company Saudi Electricity Co (SEC) has awarded General Electric (GE) contracts worth more than $500 million to help SEC add 1,680 megawatts (MW) of generation capacity, the US firm said Monday. GE is the...
MUSCAT, May 3 (Reuters): Oman will open the door to Islamic banks and also let conventional lenders run Sharia-compliant operations in a bid to grab a share of the rapidly growing Islamic finance business. A central bank official told the...
FRANKFURT, May 3 (AFP): Metro, the world's third-biggest retail distributor, posted Tuesday a first-quarter net loss of three million euros ($4.4 million) while maintaining its earnings targets for the year as a whole. Metro had reported a net loss of...
SEOUL, May 3 (AFP): South Korea's flag carrier Korean Air said Tuesday it would buy a total of seven passenger planes from Airbus and Boeing for nearly $1.58 billion. The airline said the planes-five Airbus A330-200s and two Boeing B777-300ERs-would...
BAGERHAT, May 3 (UNB) : The cultivation of Banglamoti variety of rice has been gaining popularity among the farmers of the district which has also created a new hope for them. BRRI-50, invented by Bangladesh Rice Research Institute(BRRI), is known...
Our Correspondent NATORE, May 3: Trust Bank has started financing in core agriculture sectors like fisheries, livestock, poultry and others since 2008 considering its contribution to economic growth. The bank, in line with the directives of Bangladesh Bank has recently...
Our Correspondent BRAHMANBARIA, May 3: Blacksmiths in the district have been living a miserable life while no govt and non-govt organisation is coming forward to improve their conditions. About 25000 blacksmiths in the districts are facing great hardship for a...
Our Correspondent RANGPUR, May 3: The State Minister for Primary and Mass Education Motahar Hossain MP emphasised the need for allocation in the national budget of the fiscal 2011-2012 for education, health and social safety-net sectors in Rangpur division in...
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