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WEATHER

2011-04-19 00:00:00

Rain or thundershowers accompanied by temporary gusty or squally wind is likely at one or two places over Rajshahi, Rangpur, Dhaka and Sylhet divisions and the regions of Jessore, Kushtia and Comilla in next 24 hours till 6.0pm today (Tuesday)....

Bumper harvest of litchi likely

2011-04-19 00:00:00

Yasir WardadA bumper output in litchi, a summer fruit, is expected in Dinajpur and Ishwardi after gardeners said this year's earning could cross Tk 6.0 billion. Abdus Salam Chowdhury, a gardener in Kahrol upazilla in Dinajpur district, said that this...

ECB officials signal more interest rate increases this year

2011-04-19 00:00:00

WASHINGTON, April 18 (Bloomberg): European Central Bank (ECB) Governing Council members signaled they will keep tightening monetary policy this year to curb inflation as the economy strengthens. Investor expectations that the benchmark interest rate will be increased by another 50...

GM unveils first model of new China car brand

2011-04-19 00:00:00

SHANGHAI, April 18 (AFP): General Motors (GM) unveiled the first model of its new car brand aimed specifically at China Monday, aiming to strengthen its sales lead in the world's top auto market by wooing middle-class drivers. The Baojun 630,...

India's GDP growth at a robust 8.8pc in fiscal 2012: Think-tank

2011-04-19 00:00:00

MUMBAI, April (The Economic Times): India's GDP is projected to continue to grow at a brisk pace of 8.8 per cent in 2011-12 (FY 12), a leading economic think-tank said. The domestic environment is conducive for growth and private final...

Taiwan's Formosa to invest $2.1b in US

2011-04-19 00:00:00

TAIPEI, April 18 (AFP): Taiwan petrochemical giant Formosa Plastics plans to invest $2.1 billion to expand existing facilities in the United States, local media reported Monday. The investment, which is awaiting final US government approval, is aimed at using richer...

China will put the brakes on its economic bullet train

2011-04-19 00:00:00

BEIJING, April 18 (Xinhua): Just as it lowered the speed of its Beijing-Shanghai bullet train to ensure safety and affordability, China is trying to slow down its rapid economic growth to encourage sustainability over the next five years. The government's...

Nestle buys majority stake in Chinese group Yinlu

2011-04-19 00:00:00

ZURICH, April 18 (AFP): Nestle, the world's biggest food company, said Monday that it has acquired 60 per cent of Chinese firm Yinlu Foods Group for an undisclosed sum. Yinlu posted sales of 750 million Swiss francs (583.6 million euros,...

Queensland open for business

2011-04-19 00:00:00

BRISBANE, April 18 (Xinhua): The Queensland economy took a huge battering through the combination of floods and cyclones in January and February. It was described as the worst natural disaster in its history. What followed was a huge recovery effort...

Ford expects China sales to grow by 5-10pc this year

2011-04-19 00:00:00

SHANGHAI, April (The Economic Times): Ford Motor Company expects overall China vehicle sales to grow 5 to 10 per cent this year from a year earlier, its China CEO said Monday. Joe Hinrichs, who is also head of Ford's Asia-Pacific...

Great Wall Motor plans $765m mainland China IPO

2011-04-19 00:00:00

SHANGHAI, April 18 (Reuters): Great Wall Motor Company Limited aims to raise more than five billion yuan ($765 million) from an initial public offering (IPO) in mainland China later this year, Chief Executive Wang Fengying told the reporter Monday. Great...

Another blow to TCB strengthening move

2011-04-19 00:00:00

Syful Islam Government's efforts to strengthen the Trading Corporation of Bangladesh (TCB) faced a blow after the cabinet committee sent back the draft amendment to the TCB Order 1972 for further examination, officials said Monday. "We suspect the undesired influence...

Gold is little changed after reaching a record on concern about inflation

2011-04-19 00:00:00

LONDON, 18 Apr (Bloomberg): Gold was little changed after reaching a record in London and New York as concern about European debt and faster inflation boosted demand for the metal as an alternative investment. Silver touched a 31-year high. China...

More Chinese cities see home prices slip

2011-04-19 00:00:00

SHANGHAI, Apr 18 (AFP): More Chinese cities saw the cost of new homes fall in March, official data showed Monday, leading to suggestions that government moves to cool the real estate market could be having an impact. The National Bureau...

Oil prices down in Asian trade on profit-taking

2011-04-19 00:00:00

SINGAPORE, April 18 (AFP): Oil dipped in Asian trade Monday as traders locked in profits after gains last week, analysts said. New York's main contract, light sweet crude for delivery in May fell 70 cents to $108.96 a barrel. Brent...

Singamas may raise container prices 11pc on higher steel cost, Japan quake

2011-04-19 00:00:00

SINGAPORE, 18 Apr (Bloomberg): Singamas Container Holdings Ltd., the second-biggest maker of shipping boxes, may increase prices 11 per cent this year after steel costs rose and the Japan tsunami exacerbated a global shortage of cargo boxes. "Mountains of containers...

Kuwait says oil market supply "sufficient"

2011-04-19 00:00:00

KUWAIT CITY, Apr 18 (Xinhua): Kuwaiti caretaker oil minister said Sunday the global oil market has sufficient supplies, as unrest in the Midest and North African region has boosted oil prices by around 20 per cent. Sheikh Ahmad Al-Abdullah Al-Sabah...

Nestle buys majority stake in Chinese group Yinlu

2011-04-19 00:00:00

ZURICH, April 18 (AFP): Nestle, the world's biggest food company, said Monday that it has acquired 60 per cent of Chinese firm Yinlu Foods Group for an undisclosed sum. Yinlu posted sales of 750 million Swiss francs (583.6 million euros,...

Queensland open for business

2011-04-19 00:00:00

BRISBANE, April 18 (Xinhua): The Queensland economy took a huge battering through the combination of floods and cyclones in January and February. It was described as the worst natural disaster in its history. What followed was a huge recovery effort...

Ford expects China sales to grow by 5-10pc this year

2011-04-19 00:00:00

SHANGHAI, April (The Economic Times): Ford Motor Company expects overall China vehicle sales to grow 5 to 10 per cent this year from a year earlier, its China CEO said Monday. Joe Hinrichs, who is also head of Ford's Asia-Pacific...

Great Wall Motor plans $765m mainland China IPO

2011-04-19 00:00:00

SHANGHAI, April 18 (Reuters): Great Wall Motor Company Limited aims to raise more than five billion yuan ($765 million) from an initial public offering (IPO) in mainland China later this year, Chief Executive Wang Fengying told the reporter Monday. Great...

Jute production may cross target in Jamalpur

2011-04-19 00:00:00

JAMALPUR APR 18 (BSS): The target of jute cultivation has been fixed on 56335 hectares of land in the district this year. Most of the farmers in the district have already cultivated jute of Desi variety on maximum land. The...

KCC tax collection increases

2011-04-19 00:00:00

Our CorrespondentKHULNA, Apr 18: Realisation of all kinds of taxes of Khulna City Corporation (KCC) has increased due to receiving through bank. The realisation of tax has been increased two-fold during the last 6 months than the previous record. Sources...

Training course on sanitation opens at KUET

2011-04-19 00:00:00

A four-day long training course on "Community Participation and Management of Water Supply and Sanitation" was inaugurated at the conference room of Civil Engineering Department of Khulna University of Engineering and Technology (KUET) Sunday arranged by KUET International Training Network...

4 killed, 12 injured in road mishaps

2011-04-19 00:00:00

MYMENSINGH, Apr 18 (UNB) : Two people were killed and 10 others injured in a head-on-collision between two trucks in Signboard area on Dhaka-Mymensingh highway in Trishal Upazila Sunday midnight. The deceased were identified as Shah Alam (25) and Nazmul...

Growers happy over price increase of green tea

2011-04-19 00:00:00

RANGPUR, Apr 18 (BSS) :Small-scale and common tea growers of Panchagarh expressed their happiness as the concerned authorities today fulfilled their demand for increasing price of green tea leaves by Tk 2.50 per kg. The tea growers thanked officials and...

Rich tributes paid to Tagore at RU

2011-04-19 00:00:00

RU CorrespondentRAJSHAHI UNIVERSITY, Apr 18: Speakers said at a discussion meeting that Rabindranath Tagore is not only indispensable to us but also a source of inspiration. The poet is our constant inspiration against fundamentalism, communalism and the enemies of Bengali...

64 Jhenidah schools run without headmasters

2011-04-19 00:00:00

A CorrespondentJHENIDAH, Apr 18: Sixty-four government and non-government secondary schools are running without headmasters and assistant headmasters in the district amid serious difficulties in academic and administrative activities. Sources say none of the three government schools and 61 of the...

Bumper Boro yield likely in C'nawabganj

2011-04-19 00:00:00

CHAPAINAWABGANJ, Apr 18 (BSS): Bumper production of Boro is likely this year in Chapainawabganj district for adequate supply of fertiliser, irrigation facilities and timely rainfall. According to the Chapainawabganj District Office of the Department of Agriculture Extension (DAE), an extensive...

Jessore Chamber poll held

2011-04-19 00:00:00

Our CorrespondentJESSORE, Apr 18: BNP backed Mizan- Bablu- Kabul and Awami League backed Banshi- Kabu- Mizan panels shared posts in the election of Jessore Chamber of Commerce and Industry. BNP backed panel got 10 posts while Awami League backed panel...