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Mizuho plans to buy out securities, trust units

2011-02-27 00:00:00

TOKYO, Feb 26 (Reuters): Mizuho Financial Group is planning to buy out its brokerage and trust bank units, a source familiar with the matter said Saturday, a deal that could be worth around $4 billion as the lender tries to...

Global cotton usage to rise by 3pc during 2011-12

2011-02-27 00:00:00

WASHINGTON, Feb 26 (Commodity Online): Global cotton usage will expand by 3 percentages during 2011-12 fiscal, said the USDA. In its latest report the USDA said cotton consumption will in 2011-12, for a second successive season, break with history and...

Apple takes wraps off new MacBook Pro lineup

2011-02-27 00:00:00

NEW YORK, Feb 26 (The economic Times): Apple Inc released its new lineup of MacBook Pro notebook computers, which will run twice as fast as the previous generation and feature a new high-definition video camera and improved graphics. The new...

Indonesia to achieve 6.6 pc growth in Q1

2011-02-27 00:00:00

JAKARTA, Feb 26 (Xinhua): Indonesian Financial Minister Agus Martowardoyo said that Indonesia's growth might reach 6.40 per cent to 6.60 per cent in the first quarter this year, spurred by improving government's income and foreign investments, local media reported here...

US insurer to drop LPGA sponsorship

2011-02-27 00:00:00

ILLINOIS, Feb 26 (AFP): State Farm Insurance will drop its 19-year sponsorship of a 1.7 million dollar LPGA tournament after this year's event, a statement from the firm announced on Friday. State Farm, based in nearby Bloomington, will back the...

Biofuels blamed for global food crisis

2011-02-27 00:00:00

WASHINGTON, Feb 26 (Commodity Online): As the world's food prices hit a record high in January, driven by the price increases in wheat, corn, sugar and oil; Egypt's protestors demanded and succeeded in the resignation of Hosni Mubarak's 30-year rule....

US growth slows as states rein in spending

2011-02-27 00:00:00

WASHINGTON, Feb 26 (BBC): The US Department of Commerce has unexpectedly cut its estimate of fourth-quarter growth to an annualised 2.8 per cent, from 3.2 per cent previously. Analysts had instead expected the figure to be revised up slightly to...

Boeing wins $30b contract to supply refueling tankers

2011-02-27 00:00:00

NEW YORK, Feb 26 (AFP): Boeing's triumph over European rival EADS for a major US Air Force tanker contract poses risks amid defense spending cutbacks and multiple delays to its commercial projects. The Defense Department declared Thursday Boeing the "clear...

Sebi bars 6 entities from market, slaps Rs 360m penalty

2011-02-27 00:00:00

MUMBAI, Feb 26 (PTI): Sectoral regulator Securities and Exchange Board of India (Sebi) Friday barred six market intermediaries from trading in securities for allegedly carrying out manipulations in various initial public offering (IPO) issues and also slapped a penalty of...

Lanco Infra targets regions in South, West Asia

2011-02-27 00:00:00

NEW DELHI, Feb 26 (Business Standard): Infrastructure and power firm Lanco Infratech is scouting for opportunities outside India in EPC (engineering, procurement and construction) contracts. The company is looking at places such as Indonesia, Bangladesh and West Asia, Chief Financial...

Wipro Lighting to aim mkts growing after financial crisis

2011-02-27 00:00:00

CHENNAI, Feb 26 (PTI): Wipro Lighting and Furniture Business, a division of Wipro Ltd, plans to enter newer markets that are growing after the global financial crisis in 2008, a top company official said here Friday. "The company plans to...

Mizuho plans to buy out securities, trust units

2011-02-27 00:00:00

TOKYO, Feb 26 (Reuters): Mizuho Financial Group is planning to buy out its brokerage and trust bank units, a source familiar with the matter said Saturday, a deal that could be worth around $4 billion as the lender tries to...

Prime Bank mentors asked to make cluster management more effective

2011-02-27 00:00:00

Mentors of Prime Bank Limited have been directed to make the cluster management more effective and time befitting after successful implementation of cluster system in the bank. Chairman of the board of directors of the bank Azam J Chowdhury gave...

US growth reduces to 2.8pc

2011-02-27 00:00:00

WASHINGTON, Feb 26 (BBC): The US Department of Commerce has unexpectedly cut its estimate of fourth-quarter growth to an annualised 2.8 per cent, from 3.2 per cent previously. Analysts had instead expected the figure to be revised up slightly to...

Hedge funds making exit from agricultural markets

2011-02-27 00:00:00

NEW YORK, Feb 26 (Bloomberg): Hedge funds are leading an exodus from agricultural markets, slashing bullish bets in the US from almost the highest levels on record after grain prices slumped, money managers said. Speculators reduced bets on rising wheat...

Samsung enters into biomedicine business

2011-02-27 00:00:00

SEOUL, Feb 26 (Agencies): Samsung said it will form a joint venture with a US drug testing company in its first significant project in biopharmaceuticals - a sector the South Korean conglomerate is targeting for growth. Samsung said in a...

EPB to build strong furniture sector to widen export market

Shah Alam Nur | 2011-02-27 00:00:00

Shah Alam NurThe Export Promotion Bureau (EPB) has planned to build a strong furniture sector in order to widen its export market. "We are working for the development of the country's furniture sector that has a potential foreign market," said...

Thrust on bankers' better services

FE Report | 2011-02-27 00:00:00

FE ReportSpeakers at a views exchange meeting Friday underscored the need for delivering better services to customers aiming to increase country's development through banking sector. The meeting was attended by a large number of officials and executives of Sonali Bank....

Seven cos get best employer award

2011-02-27 00:00:00

Bdjobs.com, one of the largest job portals in Bangladesh, has announced the winners of the 'Bdjobs.com Best Employer Award 2010' through a press conference in the city recently, said a press statement. Bdjobs.com 'Best Employer Award 2010' has been announced...

China adopts car tax law

2011-02-27 00:00:00

BEIJING, Feb 26 (Xinhua): China's top legislature voted Friday to adopt a law for vehicle and vessel taxation, which aims to encourage the use of smaller engines in vehicles and vessels to reduce pollution and oil dependence. The law will...

Lanco Infra targets regions in South, West Asia

2011-02-27 00:00:00

NEW DELHI, Feb 26 (Business Standard): Infrastructure and power firm Lanco Infratech is scouting for opportunities outside India in EPC (engineering, procurement and construction) contracts. The company is looking at places such as Indonesia, Bangladesh and West Asia, Chief Financial...

Wipro Lighting to aim mkts growing after financial crisis

2011-02-27 00:00:00

CHENNAI, Feb 26 (PTI): Wipro Lighting and Furniture Business, a division of Wipro Ltd, plans to enter newer markets that are growing after the global financial crisis in 2008, a top company official said here Friday. "The company plans to...

Mizuho plans to buy out securities, trust units

2011-02-27 00:00:00

TOKYO, Feb 26 (Reuters): Mizuho Financial Group is planning to buy out its brokerage and trust bank units, a source familiar with the matter said Saturday, a deal that could be worth around $4 billion as the lender tries to...

University life: Understanding what really matters from the peripherals

Jasmine Jaim | 2011-02-27 00:00:00

Jasmine JaimAfter taking admission into the university, most of you seriously think - "Yes!!! I have become matured now!" Going through that statement, many of you may have become annoyed with me because from your point of view- 'That's nothing...

Neglected use of the mother tongue

M A Islam | 2011-02-27 00:00:00

M A IslamSalam, Barkat, Rafiq, Jabbar and other martyrs sacrificed their lives in 1952. Their fault was they loved Bangla--our mother tongue. The Pakistani rulers could not tolerate this and so they fired on them. Roads of Dhaka were bathed...

English Department of JU arranges its reunion on April 1

2011-02-27 00:00:00

The alumni reunion of the Department of English, Jahangirnagar University is going to be held on April 1, 2011. Former students of the department are requested to registrar by March 15. Registration forms are available online at www.juenglish.com, says a...

Samsung enters into biomedicine business

2011-02-27 00:00:00

SEOUL, Feb 26 (Agencies): Samsung said it will form a joint venture with a US drug testing company in its first significant project in biopharmaceuticals - a sector the South Korean conglomerate is targeting for growth. Samsung said in a...

EPB to build strong furniture sector to widen export market

Shah Alam Nur | 2011-02-27 00:00:00

Shah Alam NurThe Export Promotion Bureau (EPB) has planned to build a strong furniture sector in order to widen its export market. "We are working for the development of the country's furniture sector that has a potential foreign market," said...

Thrust on bankers' better services

FE Report | 2011-02-27 00:00:00

FE ReportSpeakers at a views exchange meeting Friday underscored the need for delivering better services to customers aiming to increase country's development through banking sector. The meeting was attended by a large number of officials and executives of Sonali Bank....

Seven cos get best employer award

2011-02-27 00:00:00

Bdjobs.com, one of the largest job portals in Bangladesh, has announced the winners of the 'Bdjobs.com Best Employer Award 2010' through a press conference in the city recently, said a press statement. Bdjobs.com 'Best Employer Award 2010' has been announced...