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Citycell donates computers, Zoom Ultra to schools

2011-04-21 00:00:00

Citycell as part of its participation in digitalisation of Bangladesh Wednesday provided computers and Zoom Ultra connectivity to different educational institutions of the country, said a press statement. Mehboob Chowdhury, CEO of Citycell, handed over the computers and Zoom Ultra...

Seminar on leather industry held

2011-04-21 00:00:00

FE Report EU Switch Asia Re-Tie Bangladesh Project organised a seminar recently with a view to improving working condition, occupational health and safety of workers of the leather industry and quality of produced leather. The seminar titled 'Best Idea Award...

Agora gets ISO certification

2011-04-21 00:00:00

FE ReportAgora--the country's first retail chain shop- has got ISO 9001:2008 certificate for building a platform to ensure the best for its thousands of customers. The Orion Register, Inc, USA awarded the certification to Rahimafrooz Superstores Limited of the country...

Intel, IBM results show computing demand

2011-04-21 00:00:00

Intel Corp. (INTC) and International Business Machines Corp. (IBM) issued sales and profit forecasts that reflected demand from companies eager to upgrade computer systems left fallow during the recession. IBM, the largest computer-services provider, boosted its full-year profit forecast, while...

U.S., Canada need jobless aid: OECD

2011-04-21 00:00:00

Countries like the U.S. and Canada may need to further extend jobless benefits to put a lid on long-term unemployment as the world economy emerges from the financial crisis, the Organization for Economic Cooperation and Development said. Long-term job seekers...

Five car hijackers held: Two cars recovered

2011-04-21 00:00:00

Our CorrespondentCHITTAGONG, Apr 20: Car hijackings by armed youths in guise of DB police and RAB using black-coloured sophisticated microbuses and cars have increased alarmingly in the port city while the cases of recovery of the stolen cars are thin,...

Robber held in Mymensingh

2011-04-21 00:00:00

A notorious dacoit was arrested with Tk 6 million from Panchkaunia village of Phulbaria of Mymensingh Monday night.The arrestee was identified as Sarder Saban Ali (38). Police said a gang of robbers snatched away Tk 5 million from turmeric trader...

Housewife beaten by relatives

2011-04-21 00:00:00

A housewife was injured by her brother-in-laws in Barguni village of Chitalmari Upazila of Bagerhat Tuesday.Jesmin Akter (25) was admitted to Chitalmari Hospital. Later, she was shifted to Khulna Medical College Hospital in a critical condition.Chitalmari thana said there was...

Minor boy drowns

2011-04-21 00:00:00

A minor boy drowned in a waterbody at Korota village in Sadar Upazila of Natore Tuesday morning. The deceased was identified as Jibon, son of Faijul Islam of the village. Police said Jibon slipped into a waterbody near his house...

One killed in road mishap

2011-04-21 00:00:00

A road crash at Sadar Upazila of the Goplaganj district has left a teenage boy dead and 12 people injured. The accident took place in Bijoypasha area on Dhaka-Khulna highway when a microbus hit a tempo at about 9pm Monday,...

Man held with fake notes

2011-04-21 00:00:00

A man was arrested along with counterfeit currency notes from NCC Bank branch of Savar Sunday.The arrestee was identified as Kamrul Hasan, son of late Solaiman Khan of Panchkhola village in Sadar Upazila of Madaripur district.Police said Kamrul deposited 15...

Foreign firms bidding for China contracts face uneven playing

2011-04-21 00:00:00

BEIJING, April 20 (Reuters): Foreign companies bidding for public projects in China, valued at $1 trillion a year, face a sharply tilted playing field, a European Union business lobby said Wednesday, citing favouritism and corruption as influencing the award of...

Free Lanka Capital profit up on high rubber, tea prices

2011-04-21 00:00:00

COLOMBO, April 20 (LBO): Net profit of Free Lanka Capital Holdings, whose shares have been heavily traded since trading began last Monday, shot up 189 per cent to 103 million rupees in the March 2011 quarter from a year ago....

Goldman profit drops as trading revenue falls

2011-04-21 00:00:00

NEW YORK, April 20 (Reuters): Goldman Sachs Group Inc posted a 72-per cent decline in quarterly earnings as trading revenue dropped, and the bank cautioned that there were fewer opportunities to make money in the current environment. The results were...

Hanwha wins $1.05b Saudi deal

2011-04-21 00:00:00

SEOUL, April 20 (AFP): South Korea's Hanwha Engineering and Construction said Wednesday it had signed a $1.05-billion deal to build a power station and desalination plant in Saudi Arabia. The builder said it would complete the plant by 2014 under...

Govt to import 0.1m tonnes of sugar from India, Mexico

2011-04-20 00:00:00

FE ReportThe government will import 0.1 million tonnes of sugar from India and Mexico through state-to-state agreements to keep the market stable during the Ramadan, officials said. The government will import 50,000 tonnes of sugar from India and the rest...

60 ship breaking yards receive environment clearance: BSBA

2011-04-20 00:00:00

Our CorrespondentCHITTAGONG, Apr 19: Ship breakers today said that 60 ship breaking yards of the country have received clearance certificates from the environment department under the ship dismantling industry. The businessmen are importing scrap ships for their yards by fulfilling...

Muhith stresses forestry to cope with climate change

2011-04-20 00:00:00

FE ReportFinance minister Abul Maal Abdul Muhith has disagreed with the forest department's claim of having 17 per cent forestry in the country saying that the percentage would be no more than 9.0 per cent. He said density of population...

India, Turkey to discuss FTA to boost bilateral trade

2011-04-20 00:00:00

Turkey Tuesday said it will discuss opening up of their markets with India under a free trade agreement (FTA), reports Business Standard. "We will be discussing issues relating to non-tariff and tariff barriers under FTA with Indian authorities," Turkish Trade...

Goldman sachs Q-1 profit tops analysts' estimates

2011-04-20 00:00:00

Apr 19, 2011: Goldman Sachs Group Inc. (GS), the fifth-biggest U.S. bank, posted a 21 percent drop in first- quarter profit, a smaller decline than analysts estimated, as fixed-income trading revenue more than doubled from a weak fourth quarter. Net...

GM defying China slowdown may reclaim sales lead from Toyota

2011-04-20 00:00:00

Apr 19, 2011: General Motors Co. (GM) and Volkswagen AG (VOW) expect to boost vehicle sales in China faster than the nation's economic growth rate, defying government policies to curb sales and threatening Toyota Motor Corp. (7203)'s standing as the...

18 die in Guwahati helicopter crash

2011-04-20 00:00:00

GUWAHATI, April 19 : At least 18 people died and five others were badly burnt on Tuesday when a helicopter crashed and exploded as it tried to land in a mountainous region of northeast India. "The number of those killed...

Cook birdies playoff hole to win Outback

2011-04-20 00:00:00

LUTZ (Florida), Apr 18: John Cook birdied the first hole of a playoff against Jay Don Blake to win the Outback Steakhouse Pro-Am Sunday, his second Champions Tour title of the year. Cook, also the winner of the season-opening Mitsubishi...

Grizzlies stun Spurs, Hornets sting Lakers

2011-04-20 00:00:00

SAN ANTONIO (Texas), Apr 18: The New Orleans Hornets shocked the two-time defending NBA champion Lakers and upstart Memphis edged top-seeded San Antonio Sunday in a pair of Western Conference playoff opener upsets. Seventh-seeded New Orleans beat the Lakers 109-100...

Palencia scores twice as Pumas beat Queretaro

2011-04-20 00:00:00

MEXICO CITY, Apr 18: Francisco Palencia scored twice and assisted on a third goal to help UNAM Pumas defeat Queretaro 3-0 to stay atop the Mexican Clausura championship. Palencia scored in the 10th and 19th minutes before setting up Dante...

Make or break for Australian sides

2011-04-20 00:00:00

SINGAPORE, Apr 18: Australian hopefuls Melbourne Victory and Sydney FC are facing a make-or-break week as they bid to ignite their flagging AFC Champions League campaigns. As the pool stage passes the halfway mark, Melbourne, with just one point, will...

Man held with fake notes

2011-04-20 00:00:00

A man was arrested along with counterfeit currency notes from NCC Bank branch of Savar Sunday.The arrestee was identified as Kamrul Hasan, son of late Solaiman Khan of Panchkhola village in Sadar Upazila of Madaripur district.Police said Kamrul deposited 15...

Global automakers unveil ambitious China expansion plans

2011-04-20 00:00:00

SHANGHAI, April 19 (AP): Global automakers unveiled ambitious expansion plans for China Tuesday, targeting the country's newly prosperous drivers as the industry struggles to recover from Japan's tsunami. Nissan Motor Co plans to raise sales by about 15 per cent...

Singapore to become Chinese yuan offshore trading centre

2011-04-20 00:00:00

SINGAPORE, April 19 (AP): Singapore will join Hong Kong as an offshore trading centre for China's currency, the state-run Straits Times newspaper said Tuesday, citing a top official. Singapore will not try to rival Hong Kong as a yuan trading...

Toshiba cuts operating profit outlook on quake

2011-04-20 00:00:00

TOKYO, April 19 (AFP): Japan's Toshiba Tuesday said its sales and operating profit forecast for the financial year ended March would miss earlier projections due to last month's earthquake and tsunami. The firm lowered its forecasts due to the impact...