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Inflation, strong capital inflows threaten Asia-Pacific countries

2011-03-24 00:00:00

ISLAMABAD, Mar 23 (APP): Inflation has become or continues to be an important risk to macroeconomic and social stability in a number of countries in Asia Pacific, including Vietnam, Sri Lanka, India, Indonesia, Mongolia, Cambodia, Cook Islands, Fiji, Pakistan, and...

Fiat suspends investment at ex-Bertone plant

2011-03-24 00:00:00

TURIN, Mar 23 (Reuters): Italian carmaker Fiat has suspended a 500-million-euro ($710 million) investment into a Turin plant as it did not manage to reach an agreement with union FIOM over a new labour contract at the site. Fiat, Italy's...

IndusInd Bank in race to buy Deutsche Bank's credit card biz

2011-03-24 00:00:00

NEW DELHI, Mar 23 (PTI): Private sector lender IndusInd Bank is in the race to buy Deutsche Bank's credit card business in India and hopes to finalise a deal in the next few weeks. IndusInd Bank, along with Axis Bank,...

MI Cement to compensate

2011-03-24 00:00:00

was Tk 93.87 and Net Asset Value (NAV) 37.01 per share as on June 2009. Capital market insiders feared that as MI cement authorities have taken high premium against the share, its price might came down below the issue price...

Cautious investors pull

2011-03-24 00:00:00

A total of 88.48 million shares changed hands against 83.81 million in the previous trading session. However, the trade deals slightly increased to 197,089 which were 189,866 in the previous session. The market capitalisation also dropped and stood at Tk...

11 brokerage houses fined

2011-03-24 00:00:00

FE ReportThe securities regulator has fined Tk 0.10 million each to 11 brokerage houses who illegally lent margin loans to their clients to buy Z-category shares, officials said. The Securities and Exchange Commission (SEC) Tuesday slapped the fine on the...

Guidelines for next ADP attach priority to balanced regional dev

2011-03-24 00:00:00

Nazmul AhsanThe Planning Commission (PC) has finalised the guidelines and allocation rules for the next annual development programme (ADP), attaching a special priority to promoting balanced regional development, sources said. The other projects to receive priority in areas of resource...

Screen icon Elizabeth Taylor dies

2011-03-24 00:00:00

LOS ANGELES, Mar 23 (AFP): Legendary Holly­wood actress and violet-eyed beauty Elizabeth Taylor, who captured hearts in "National Velvet" to launch a film career that spanned five decades, has died aged 79. Taylor had been in hospital in Los Angeles...

Oil prices rise on Libya, Middle East unrest

2011-03-24 00:00:00

LONDON, Mar 23 (AFP): World oil prices advanced Wednesday owing to escalating unrest in Libya and the Middle East, traders said as they awaited energy inventory data from the United States, the world's biggest oil consumer. Brent North Sea crude...

India allows 0.5m tonnes sugar exports under OGL

2011-03-24 00:00:00

KOLHAPUR, Mar 23 (Commodity Online): Following a three-month delay, the India government has allowed for exports of sugar to the tune of 500,000 tonnes without any restriction or conditionality under open general license (OGL). The decision follows an affirmative announcement...

Global wheat output to hit 676m tonnes in 2011: FAO

2011-03-24 00:00:00

ROME, Mar 23 (Commodity Online): United Nations Food and Agricultural Organization (FAO) released its first forecast for global wheat production, which stands at 676 million tons. According ot FAO's , the forecast represent a growth of 3.4 per cent from...

Gold steady, traders still at bay

2011-03-24 00:00:00

MUMBAI, Mar 23 (Livemint): Gold futures were steady Wednesday afternoon in step with overseas markets, and traders eyed a steady rupee for direction, with demand staying weak in the physical demand in the middle of the wedding season, dealers said....

Inflation, strong capital inflows threaten Asia-Pacific countries

2011-03-24 00:00:00

ISLAMABAD, Mar 23 (APP): Inflation has become or continues to be an important risk to macroeconomic and social stability in a number of countries in Asia Pacific, including Vietnam, Sri Lanka, India, Indonesia, Mongolia, Cambodia, Cook Islands, Fiji, Pakistan, and...

Fiat suspends investment at ex-Bertone plant

2011-03-24 00:00:00

TURIN, Mar 23 (Reuters): Italian carmaker Fiat has suspended a 500-million-euro ($710 million) investment into a Turin plant as it did not manage to reach an agreement with union FIOM over a new labour contract at the site. Fiat, Italy's...

IndusInd Bank in race to buy Deutsche Bank's credit card biz

2011-03-24 00:00:00

NEW DELHI, Mar 23 (PTI): Private sector lender IndusInd Bank is in the race to buy Deutsche Bank's credit card business in India and hopes to finalise a deal in the next few weeks. IndusInd Bank, along with Axis Bank,...

MI Cement to compensate

2011-03-24 00:00:00

was Tk 93.87 and Net Asset Value (NAV) 37.01 per share as on June 2009. Capital market insiders feared that as MI cement authorities have taken high premium against the share, its price might came down below the issue price...

Cautious investors pull

2011-03-24 00:00:00

A total of 88.48 million shares changed hands against 83.81 million in the previous trading session. However, the trade deals slightly increased to 197,089 which were 189,866 in the previous session. The market capitalisation also dropped and stood at Tk...

11 brokerage houses fined

2011-03-24 00:00:00

FE ReportThe securities regulator has fined Tk 0.10 million each to 11 brokerage houses who illegally lent margin loans to their clients to buy Z-category shares, officials said. The Securities and Exchange Commission (SEC) Tuesday slapped the fine on the...

Guidelines for next ADP attach priority to balanced regional dev

2011-03-24 00:00:00

Nazmul AhsanThe Planning Commission (PC) has finalised the guidelines and allocation rules for the next annual development programme (ADP), attaching a special priority to promoting balanced regional development, sources said. The other projects to receive priority in areas of resource...

Screen icon Elizabeth Taylor dies

2011-03-24 00:00:00

LOS ANGELES, Mar 23 (AFP): Legendary Holly­wood actress and violet-eyed beauty Elizabeth Taylor, who captured hearts in "National Velvet" to launch a film career that spanned five decades, has died aged 79. Taylor had been in hospital in Los Angeles...

Best use of surface water underscored

2011-03-24 00:00:00

RANGPUR, Mar 23 (BSS): The World Water Day 2011 was observed Tuesday with a call for best use of surface water and checking water pollution to maintain congenial environment, ecological balance and bio-diversity in the northern districts. Different government departments...

Names of 2 Razakars stay unommited in monument

2011-03-24 00:00:00

A CorrespondentMAGURA, Mar 23 : Independence Day, Victory Day come and go, but the names of two Razakars in the victory monument of Magura remain unomitted. The monument was built at Vina crossing of Magura town under the auspices of...

One killed in road accident

2011-03-24 00:00:00

CHAPAINAWABGANJ, Mar 23 (UNB): A housewife was killed and five other people were injured in a road accident in PTI area of the district town this (Wednesday) morning. The deceased was identified as Asa (22), wife of Selebur Rahman of...

RU BCL cadre arrested

2011-03-24 00:00:00

RU CorrespondentRAJSHAHI UNIVERSITY, Mar 23: Motihar police station of Rajshahi city arrested a most wanted cadre of Bangladesh Chhatra League (BCL) of Rajshahui University (RU) unit Tuesday night . The arrestee was Khaled Hasan Nayon, a 4th year student of...

Field day on sugarcane farming held

2011-03-24 00:00:00

Our CorrespondentJOYPURHAT, Mar 23: A field day on better technique, disease identification, and the role of farmers to curb the pesticides was observed at Raghobpur centre area organised by Joypurhat Sugar mill on Tuesday. The field day, presided over by...

BPSC holds seminar at JU

2011-03-24 00:00:00

JU CorrespondentJAHNGIRNAGAR UNIVERSITY, Mar 23: Bangladesh-Palestine Solidarity Committee organised a seminar marking 'Democratic Movement in Arab World and its Influence in Bangladesh" at the gallery of Chemistry department of Jahangirnagar University (JU) Monday.

Three arrested with arms in Natore

2011-03-24 00:00:00

Our CorrespondentNATORE, Mar 23: One person was arrested with a revolver and 7 rounds of bullet at the house of Chairman of Shreerampur SS high school managing committee under Baraigram Upazila in Natore district on Tuesday midnight. Acting on secret...

Ginger harvest on in Nilphamari

2011-03-24 00:00:00

Our CorrespondentNILPHAMARI, Mar 23: Harvesting of Ginger is going on in full swing in all the 6 upazilas of the district. The Department of Agriculture extension (DAE) sources said this year's target area of ginger cultivation was in 2050 hectare...

Advocacy meet on TB held in Gopalganj

2011-03-24 00:00:00

Our CorrespondentGOPALGANJ, Mar 23: An advocacy meeting-2011 held here discussed on a Tuberculosis free Bangladesh at Farid Memorial Hospital in Gopalagnj town, Tuesday. The meeting was organised by National Anti Tuberculosis Association of Bangladesh (NATAB), Gopalgnanj District Unit. Sarder Jakir...

11 brokerage houses fined

2011-03-24 00:00:00

FE ReportThe securities regulator has fined Tk 0.10 million each to 11 brokerage houses who illegally lent margin loans to their clients to buy Z-category shares, officials said. The Securities and Exchange Commission (SEC) Tuesday slapped the fine on the...