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Muhith for SEC authority to issue bank search orders against suspect companies, investors

Nazmul Ahsan | 2011-03-21 00:00:00

Nazmul AhsanFinance Minister AMA Muhith has backed the move to empower the securities regulator for issuing bank search orders against any suspected listed companies or individual investors, but underlined a broad base consensus with stakeholders before a final decision to...

DSE turnover crosses Tk 15b mark

FE Report | 2011-03-21 00:00:00

FE ReportDue to heavy buy pressure from the institutional and small investors after nearly two and half months, Dhaka Stock Exchange (DSE) turnover, in value terms, crossed Tk 15 billion mark Sunday. The total turnover of the first trading session...

Shops gutted

2011-03-20 00:00:00

At least 20 shops were gutted in a fire which broke out at two markets in the Haor area of Mithamoin Upazila of Kishoreganj Saturday. Local sources said, the fire originated from the burning mosquito coil at a shop and...

Drug peddler arrested

2011-03-20 00:00:00

RAB members arrested drug peddler along with huge quantity of phensidyl in Dhulivita area on Dhaka-Aricha highway in Dhamrai Upazila early Saturday. The arrested was identified as Munna (35) of Jessore district. Acting on information, a team of RAB-4 conducted...

Malaysia's sushi chain drops Japanese imports on radiation concerns

2011-03-20 00:00:00

KUALA LUMPUR, Mar 19 (Xinhua): Malaysia's largest sushi restaurant chain -- Sushi Kin announced Friday that it has temporarily stopped importing raw food from Japan for fear over possible radioactive contamination. The company's CEO Fumihiko Konishi said the company wanted...

Eurozone trade deficit widens in January

2011-03-20 00:00:00

BRUSSELS, Mar 19 (Xinhua): The trade deficit of the 17-member eurozone widened to 14.8 billion euros (20.5 billion US dollars) in January, the European Union's statistics office Eurostat said Friday. The bloc saw a trade deficit of 0.5 billion euros...

India growing market for New Zealand

2011-03-20 00:00:00

HAMILTON, New Zealand, Mar 19 (IANS): India and New Zealand have seen a steady growth in bilateral trade, mostly in the tourism and education sectors, with business between the two countries reaching nearly $870 million in the past two years....

AIG sees $1b in disaster losses in Q1

2011-03-20 00:00:00

NEW YORK, Mar 19 (Reuters): Bailed-out insurer American International Group (AIG) said it would post an estimated $1 billion in pre-tax catastrophe losses in the first quarter, mostly from exposure to the March 11 earthquake in Japan. AIG said its...

Pakistan, Bhutan vow to boost ties in trade, tourism

2011-03-20 00:00:00

ISLAMABAD, Mar 19 (APP): Pakistan and Bhutan Saturday expressed resolve to further strengthen ties in all spheres, with a particular focus on trade and tourism. Prime Minister Syed Yousuf Raza Gilani and his Bhutanese counterpart Lyonchhen Jigmi Y Thinley in...

Hyundai recalls 190,000 cars in US

2011-03-20 00:00:00

SEOUL, Mar 19 (AFP): South Korea's largest automaker, Hyundai Motor Co, has recalled 190,000 cars with faulty airbags in the United States, a news agency report said Saturday. Hyundai recalled 190,000 Elantra passenger cars sold between 2006 and 2008 in...

Etisalat walks away from $12b Zain deal

2011-03-20 00:00:00

DUBAI, Mar 19 (Reuters): The UAE telecom firm Etisalat said Saturday it would no longer pursue a deal to buy a controlling stake in Kuwaiti telecom rival Zain. Etisalat said it had ended discussions with a unit of Zain major...

Nokia joins mobile money transfer business in India

2011-03-20 00:00:00

NEW DELHI, Mar 19 (Economic Times): Handset maker Nokia is the latest to join the mobile money transfer bandwagon in India. The cellphone maker along with Union Bank of India launched a mobile-to-mobile cash transfer service called Union Bank Money...

Japan plans up to $127b in lending to businesses

2011-03-20 00:00:00

TOKYO, Mar 19 (Reuters): The Japanese government plans to dedicate up to 10 trillion yen ($127 billion) in crisis lending to businesses to help them finance day-to-day operations and repair damage from last week's deadly earthquake and tsunami, the Nikkei...

Bahrain dinar plunges, trade drying up

2011-03-20 00:00:00

MANAMA/DUBAI, Mar 19 (Kuwait Times): The Bahrain dinar fell to a multi-year low in the forwards market yesterday and the central bank was forced to move to an alternate location after a security crackdown on protesters closed the commercial district....

BCL leader killed in gunfight

2011-03-20 00:00:00

Terokhada thana Chhatra League General Secretary Imran Fakir was killed and other 20 persons were injured in a clash between two supporters of Terokhada Sadar Union Parishad Chairman candidates Saturday morning. Police and local source said that a clash was...

Old man hacked to death

2011-03-20 00:00:00

An octogenarian man, who was stabbed by a miscreant Wednesday at Borodesh village in Kanaighat Upazila of Sylhet died at OMCH .The deceased was identified as Juaid Ali (78), son of late Mobashir Ali of the village.Police said Fahad, son...

10 injured in a clash

2011-03-20 00:00:00

At least 10 people were injured in a clash between two groups of villagers at Mohishkundi Paschimpara village in Doulatpur Upazila Friday. Witnesses said an altercation ensued between Rezaul Islam and Bhangon. Ali of the village over a trifling matter...

One held with arms

2011-03-20 00:00:00

Police in a drive arrested a young man along with a country made pistol from Doulatdia launch ghat of Rajbari road early Saturday. The arrestee was identified as Khorshed Alam (20), son of Shaheb Ali of Korollachari village in Matiranga...

Shops gutted

2011-03-20 00:00:00

At least 20 shops were gutted in a fire which broke out at two markets in the Haor area of Mithamoin Upazila of Kishoreganj Saturday. Local sources said, the fire originated from the burning mosquito coil at a shop and...

Drug peddler arrested

2011-03-20 00:00:00

RAB members arrested drug peddler along with huge quantity of phensidyl in Dhulivita area on Dhaka-Aricha highway in Dhamrai Upazila early Saturday. The arrested was identified as Munna (35) of Jessore district. Acting on information, a team of RAB-4 conducted...

Apple, Ericsson, GM facing parts shortage

2011-03-20 00:00:00

LONDON, Mar 19 (BBC): Details are emerging of manufacturers facing disruption to their supply chain due to the earthquake in Japan. Apple may be unable to source parts for its new iPad 2, a report suggests. Sony Ericsson has already...

China sees fall in home prices

2011-03-20 00:00:00

SHANGHAI, Mar 19 (AFP): China's efforts to cool its red-hot real estate market showed signs of working in February, as government data Friday showed more cities seeing a fall in house prices from the previous month. The figures could mean...

India allows swapping Reliance gas with imported LNG

2011-03-20 00:00:00

NEW DELHI, Mar 18 (Commodity Online): In a major policy shift, Indian government granted permission to private giant Reliance Industries to swap gas from its offshore KG-D6 fields with imported LNG for supplying it to fuel-starved power plants in Andhra...

UK cuts red-tape for small firms

2011-03-20 00:00:00

LONDON, Mar 19 (BBC): Small businesses would be given a three-year moratorium on new regulation under a government plan to cut red tape and boost the economy. In a speech Friday, Mark Prisk, the business minister, is due to unveil...

Nike to raise prices as costs hit gains

2011-03-20 00:00:00

NEW YORK, Mar 19 (Reuters): Nike Inc plans to raise the prices on its shoes and sports clothing markedly in 2012 to cope with the rising costs of oil, cotton and transportation that are hurting its profitability. The shares in...

Thai exports record high

2011-03-20 00:00:00

BANGKOK, Mar 19 (AFP): Thailand's exports in February hit a record monthly high at a value of $18.86 billion, government figures showed Friday, although the crisis in Japan was expected to hit short-term trade. Thai shipments jumped 31 per cent...

Coffee may chart fifty-year highs

2011-03-20 00:00:00

BRASILIA, Mar 18 (Commodity Online): With Brazilian Arabica coffee crops undergoing a cyclical lull and coffee bean demand remaining robust, coffee prices may rise to fifty-year highs. In fact, stocks-to-use-ratio of coffee is expected to be the lowest for 2011-12;...

Nokia joins mobile money transfer business in India

2011-03-20 00:00:00

NEW DELHI, Mar 19 (Economic Times): Handset maker Nokia is the latest to join the mobile money transfer bandwagon in India. The cellphone maker along with Union Bank of India launched a mobile-to-mobile cash transfer service called Union Bank Money...

Japan plans up to $127b in lending to businesses

2011-03-20 00:00:00

TOKYO, Mar 19 (Reuters): The Japanese government plans to dedicate up to 10 trillion yen ($127 billion) in crisis lending to businesses to help them finance day-to-day operations and repair damage from last week's deadly earthquake and tsunami, the Nikkei...

Bahrain dinar plunges, trade drying up

2011-03-20 00:00:00

MANAMA/DUBAI, Mar 19 (Kuwait Times): The Bahrain dinar fell to a multi-year low in the forwards market yesterday and the central bank was forced to move to an alternate location after a security crackdown on protesters closed the commercial district....