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India's Feb industrial output growth seen at 5.2pc

2011-04-08 00:00:00

NEW DELHI, April 7 (Reuters): India's industrial output probably rose 5.2 per cent in February from a year earlier, picking up pace from the previous month on higher exports, a poll showed. Forecasts from 27 economists ranged from 3.5 to...

BoE keeps rate at record-low 0.50pc

2011-04-08 00:00:00

LONDON, April 7 (AFP): The Bank of England (BoE) voted to keep its key lending rate at a record-low 0.50 per cent Thursday just as the ECB hiked eurozone borrowing costs for the first time in nearly three years. "The...

Novartis sells skin drug to Meda

2011-04-08 00:00:00

ZURICH, April 7 (Reuters): Swiss drugmaker Novartis is selling the global rights to skin medicine Elidel to Sweden's Meda for $420 million, boosting Meda's position in dermatology. Novartis is to receive the payment upfront, while Meda will take over the...

Asian Tiger Capital Partners market update on DSE

Events: | 2011-04-08 00:00:00

Events:The Benchmark General Index DGEN went up by 1.34% to end in the green zone. Trading activity was quite slow during the first couple of hours with traders still exercising caution and trying to ascertain the probable impact of investigation...

Ford India launches cheaper sedan version

2011-04-08 00:00:00

CHENNAI, April 7 (PTI): Backed by the success of its mid-size Fiesta sedan, Ford Motor India -- a 100 per cent subsidiary of US car-maker Ford Motor Corporation -- today introduced a cheaper version of the sedan in the Indian...

French trade deficit hits record-high in February

2011-04-08 00:00:00

PARIS, April 7 (Xinhua): France's trade deficit increased for the fourth consecutive month in February while reaching a record-high 6.55 billion euros (9.36 billion US dollars), the government said Thursday. The February figure exceeded the previous record of 6.35 billion...

BIBM trains officials in risk management

2011-04-08 00:00:00

A five-day training course on 'Risk Management and Capital Adequacy,' conducted by the Bangladesh Institute of Bank Management (BIBM), concluded in the city recently. At least 25 high officials from different banks and financial institutions participated in the course. BIBM...

Husband to be hanged for killing wife

2011-04-08 00:00:00

A court here Thursday convicted a man and sentenced him to death for killing his wife in 2007. The convict Manik Mollah (24), son of Sona Mollah of Dakkhin Bhobanipur village in Kumarkhali Upazila strangled his wife Rashida Khatun (18),...

JU to launch 4 new depts

2011-04-08 00:00:00

The Jahangirnagar University (JU) will launch four new departments in the upcoming academic session of the university, Vice-chancellor of the university Prof Dr Shariff Enamul Kabir said. He said this while addressing an orientation and farewell function at the Fazilatunnesa...

ECB raises key interest rate to 1.25pc

2011-04-08 00:00:00

FRANKFURT, Apr 7 (The Economic Times): The European Central Bank (ECB) raised interest rates by 25 basis points to 1.25 per cent Thursday, announcing its first hike since July 2008 to counter firming inflation pressures in the 17-country euro zone....

BoJ warns on quake impact, offers loans

2011-04-08 00:00:00

TOKYO, Apr 7 (AFP): The Bank of Japan Thursday warned of the pressures on an economy reeling from its biggest recorded earthquake, a tsunami and nuclear crisis, and unveiled a lending scheme for banks in affected areas. It left its...

Mobile-phone cameras with high resolution drive 2011 shipments

2011-04-08 00:00:00

Helsinki, Apr 7 (Bloomberg): Mobile phones equipped with cameras will pass the 1 billion-unit shipment mark for the first time this year, with the highest resolution models rising the fastest, market research firm Strategy Analytics said. Phones offering 8 megapixels...

HP launches upgraded suite of information management products

2011-04-08 00:00:00

MUMBAI, Apr 7 (The Economic Times): IT major Hewlett-Packard (HP) Wednesday launched the upgraded suite of information management products that will simplify capturing, managing and storing information. "These products bring the holistic approach to information management that will help companies...

Airbus expects A380 sales to rise in China

2011-04-08 00:00:00

SHANGHAI, Apr 7 (AFP): Airbus expects to sell more A380 aircraft in China in the coming years, despite only one Chinese carrier ordering the superjumbo so far, the plane maker's China president said Thursday. Laurence Barron told an industry forum...

Canada-India free trade pact by 2013

2011-04-08 00:00:00

TORONTO, Apr 7 (The Economic Times): Canadian Industry Minister Tony Clement has reiterated his country's commitment to signing a free trade agreement with India by 2013. Speaking at a roundtable organised by the Canada India Foundation (CIF) Tuesday before the...

Indian firm to halt sale of execution drug to US

2011-04-08 00:00:00

MUMBAI, Apr 7 (AFP): An Indian pharmaceutical company has vowed to stop supplying US prison authorities with a key drug used in the execution of death row prisoners, its managing director said Thursday. Navneet Verma, from Kayem Pharmaceutical Ltd in...

Samsung sees Q1 operating profit fall

2011-04-08 00:00:00

SEOUL, Apr 7 (Reuters): South Korea's Samsung Electronics on Thursday forecast operating profit would fall more than a third in the first quarter to about 2.9 trillion won ($2.67 billion) due to weaker global demand. Samsung, the world's largest maker...

French trade deficit hits record-high in February

2011-04-08 00:00:00

PARIS, April 7 (Xinhua): France's trade deficit increased for the fourth consecutive month in February while reaching a record-high 6.55 billion euros (9.36 billion US dollars), the government said Thursday. The February figure exceeded the previous record of 6.35 billion...

BIBM trains officials in risk management

2011-04-08 00:00:00

A five-day training course on 'Risk Management and Capital Adequacy,' conducted by the Bangladesh Institute of Bank Management (BIBM), concluded in the city recently. At least 25 high officials from different banks and financial institutions participated in the course. BIBM...

Husband to be hanged for killing wife

2011-04-08 00:00:00

A court here Thursday convicted a man and sentenced him to death for killing his wife in 2007. The convict Manik Mollah (24), son of Sona Mollah of Dakkhin Bhobanipur village in Kumarkhali Upazila strangled his wife Rashida Khatun (18),...

JU to launch 4 new depts

2011-04-08 00:00:00

The Jahangirnagar University (JU) will launch four new departments in the upcoming academic session of the university, Vice-chancellor of the university Prof Dr Shariff Enamul Kabir said. He said this while addressing an orientation and farewell function at the Fazilatunnesa...

Gold, near record, may advance on concern about European debts, inflation

2011-04-08 00:00:00

LONDON, Apr 7 (Bloomberg): Gold, little changed near a record in New York, may climb as concerns about European debt and rising inflation spur demand for an alternative investment. The European Central Bank lifted interest rates for the first time...

Maize production to exceed target this season

Yasir Wardad | 2011-04-08 00:00:00

Yasir WardadThe country is expected to achieve a surplus production of maize this season, officials said. This will be helpful for the poultry, fisheries and livestock sector, claimed industry insiders. "The production of maize, a granular crop of the country,...

Wheat advances as dry weather in US Great Plains may reduce production

2011-04-08 00:00:00

SINGAPORE, Apr 7 (Bloomberg): Wheat rose in Chicago, heading for this year's biggest weekly climb, on speculation dry weather will curb production in the southern Great Plains of the U.S., the world's largest exporter. Parts of Kansas, Oklahoma and Texas,...

Oil down in Asia on profit-taking

2011-04-08 00:00:00

SINGAPORE, Apr 7 (AFP): World oil prices fell in Asian trade Thursday as investors continued to lock in profits from recent gains and Libyan rebels exported the country's first crude shipment from a region that they control, analysts said. New...

IAE calls for scrapping $312b in fuel subsidies

2011-04-08 00:00:00

ABU DHABI, April 7 (AFP): The International Energy Agency is calling for 312 billion dollars in fuel subsidies to be scrapped in a bid to promote clean energy sources, according to a report presented in Abu Dhabi Wednesday. "More aggressive...

China raises petrol, diesel prices

2011-04-08 00:00:00

BEIJING, April 7 (AFP): China raised wholesale petrol prices by 500 yuan ($76) per ton and diesel by 400 yuan a ton late Wednesday, the third rise since December in the world's second-largest fuel consuming nation. The petrol hike marked...

Indian firm to halt sale of execution drug to US

2011-04-08 00:00:00

MUMBAI, Apr 7 (AFP): An Indian pharmaceutical company has vowed to stop supplying US prison authorities with a key drug used in the execution of death row prisoners, its managing director said Thursday. Navneet Verma, from Kayem Pharmaceutical Ltd in...

Samsung sees Q1 operating profit fall

2011-04-08 00:00:00

SEOUL, Apr 7 (Reuters): South Korea's Samsung Electronics on Thursday forecast operating profit would fall more than a third in the first quarter to about 2.9 trillion won ($2.67 billion) due to weaker global demand. Samsung, the world's largest maker...

French trade deficit hits record-high in February

2011-04-08 00:00:00

PARIS, April 7 (Xinhua): France's trade deficit increased for the fourth consecutive month in February while reaching a record-high 6.55 billion euros (9.36 billion US dollars), the government said Thursday. The February figure exceeded the previous record of 6.35 billion...