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Oil recovers, gold slips to two weeks low in NY

2010-10-24 00:00:00

NEW YORK, Oct 23 (Commodity Online): Global oil prices managed to finish the week on a high note while the bullion fell to its lowest in two weeks Friday. Light sweet crude for December closed $1.13 higher at $81.69 a...

Australia, S’pore stock exchanges plan merger

2010-10-24 00:00:00

SYDNEY, Oct 23 (AFP): Singapore's stock exchange is preparing to launch a takeover of its Australian counterpart to form a 14-billion-dollar (13.8 billion US) alliance, a report said Saturday.The Singapore Exchange is expected to announce a 6-billion-dollar takeover bid for...

Copper prices may go up again

2010-10-24 00:00:00

LONDON, Oct 23 (Commodity Online): Copper production prices are set to shoot up in the coming days. An Indication to this effect was given by the world's second biggest copper producer Arubis.The company said that the fees for processing crushed...

18 more gold mines shut down in Colombia

2010-10-24 00:00:00

BOGOTA, Oct 23 (Commodity Online): In its efforts to regulate mining and environmental hazards to workers, Colombia closed down 18 more illegal gold mines in the country. According to country's environment ministry, they are reviewing the legality of at least...

Investors seek out Chinese, consumer IPOs

2010-10-24 00:00:00

NEW YORK, Oct 23 (AP): After a two-month rally in US stock markets, initial public offering (IPO) investors appear eager to buy into China's fast-paced growth and expanding middle class, and make selective bets on US consumers' slowly rekindled desire...

Sensex ends volatile week with marginal gains

2010-10-24 00:00:00

MUMBAI, Oct 23 (Business Standard): The markets exhibited high volatility for the second straight week. The benchmark indexes gyrated between zones during the week as quarterly earnings and fund flows to India's biggest initial public offering (IPO) kept investors on...

China becomes Volvo's 'third largest market'

2010-10-24 00:00:00

BEIJING, Oct 23 (AFP): China has become the third largest market for Volvo, which Chinese car maker Geely recently acquired, state media reported Saturday.Alexander Klose, head of Volvo Cars China, made the comments at a trade show in the northern...

Honda recalls 0.53m vehicles worldwide for brake defect

2010-10-24 00:00:00

CHICAGO, Oct 23 (AFP): Japanese automaker Honda Motor Co announced the recall of nearly 0.53 million vehicles worldwide Friday due to a defect with the cylinder that holds brake fluid.The recall comes a day after Toyota announced a safety recall...

Price of essentials up in Khulna

2010-10-24 00:00:00

Our CorrespondentKHULNA, Oct 23: The prices of most of the essentials in Khulna city markets continued to go beyond the purchasing capacity of the common people. "Our backs have been pushed to the wall as prices of commodities like egg,...

Billing Area Office of RPBS opens in Gaibandha

2010-10-24 00:00:00

Our correspondent,GAIBANDHA, Oct 23: A Billing Area Office of Rangpur Palli Bidyut Samity (RPBS) was inaugurated at Sadullapur Upazila Town in the district recently amid much enthusiasm of the local consumers.Upazila Parishad Chairman SM Khademul Islam Khudi inaugurated the office...

Rangpur weavers in sorry state

2010-10-24 00:00:00

Our Correspondent RANGPUR, Oct 23: The handloom industries in Rangpur district have been in sorry state for a long time. The industries had a glorious past, but now with the passage of time those industries are facing the threat of...

Aman production may exceed target

2010-10-24 00:00:00

Our CorrespondentJOYPURHAT, Oct 23: Joypurhat farmers and DAE are expecting good Aman harvest in the running T-Aman season, although cultivation had been late, due to lack of rain water. Joypurhat Agriculture Extension Department said, this year Aman cultivation target was...

Rice procurement drive going on in Gaibandha

2010-10-24 00:00:00

GAIBANDHA, Oct 23 (BSS):The Boro rice procurement drive is going on in full swing in the district during the current season. Food department sources said the government has set a target to procure a total of 30,725 metric tonnes of...

NBSM launches sugarcane crushing

2010-10-24 00:00:00

Our CorrespondentNATORE, Oct 23: Youth and Sports Minister Ahad Ali Sarker formally inaugurated sugarcane crushing 2010-2011 season of North Bengal Sugar Mills, Gopalpur, in Natore district as the chief guest October 22. Managing Director of NBSM Engineer Haris Ali was...

News in brief

2010-10-24 00:00:00

Fisherman shot dead in KhulnaNowsher Ali Sane was shot dead and his two sons were shot at by the pirates in Naliyan of Sundarbans Thursday night. Police said that Nowsher Ali Sana, and his two sons Alamgir and Mahbub of...

Good classroom teaching as alternative to coaching

2010-10-24 00:00:00

Chowdhury Md. Usman AhmmadyAFTER getting a job in a school at Tejgoa in Dhaka, Mr. Rahman, MA in English, found himself in tight financial straits as he had to support his family with a poor salary. A person from the...

World Statistics Day observed at EWU

2010-10-24 00:00:00

Bangladesh Statistical Association (BSA) and East West University jointly organized a day-long seminar on Friday (October 22) at the auditorium of East West University to observe the "World Statistics Day". The theme of the seminar was "Statistics for All". Air...

Seminar on markets and health at NSU held

2010-10-24 00:00:00

Career and Professional Development Services (CPDS) of North South University arranged a seminar titled "Markets and health in the home of Smith and Yunus" recently. Professor Cam Donaldson, Yunus Chair for Research in Social Business & Health, Glasgow Caledonian University,...

Exporters oppose FDI in RMG beyond EPZs

2010-10-24 00:00:00

Nazmul AhsanThe country’s apparel exporters — both woven and knitwear — have demanded a ban on Foreign Direct Investment (FDI) in ready-made garment (RMG) sector outside the Export Processing Zones (EPZs), sources said.The government withdrew the ban in 2006 to...

CPA claims ships’ stay-time comes down to three days

2010-10-24 00:00:00

Our CorrespondentCHITTAGONG, Oct 23: The average stay-time of ships in the Chittagong Port has come down to three days, port officials said.“Loading, unloading and delivery of goods from the port have become normal and the cargo handling has improved amazingly...

Clash over land acquisition for army housing: 50 hurt

2010-10-24 00:00:00

At least 50 people were injured, including 10 receiving gunshots, in a clash over acquisition of about 5,000 bighas (165,000 decimals) of land for an army housing project near Rupganj-Ichhapura road in Narayanganj on Saturday, reports bdnews24.comThe police opened fire,...

Padma bridge to be built within AL's tenure: Minister

2010-10-24 00:00:00

FE ReportCommunications minister Syed Abul Hossain Saturday dismissed the fear of critics, insisting that Padma bridge construction would be completed within the present government's tenure."We want to start the Padma bridge construction within our tenure. We are trying with utmost...

GP's revenue up by 14pc in nine months

2010-10-24 00:00:00

FE Report Grameenphone's revenue grew by 14 per cent during the first nine months ending September 2010 to Tk 55.15 billion. The country's largest mobile phone company disclosed this Saturday at a press conference held at a local hotel in...

UN to observe language day

2010-10-24 00:00:00

The United Nations will observe the International Mother Language Day on February 21 every year. The Special Political and Decolonisation Committee of the 65th session of the UN General Assembly unanimously passed a resolution to this effect at its fourth...

Two pirates slain in RAB encounter

2010-10-24 00:00:00

BARGUNA, Oct 23: Two alleged pirates were killed in a gunfight with RAB on Baleshwar River in Patharghata upazila early Saturday. The deceased were identified as Manik (45) and Jahangir (42). Acting on a tip-off, a patrol team of RAB-8...

Two pirates slain in RAB encounter

2010-10-24 00:00:00

BARGUNA, Oct 23: Two alleged pirates were killed in a gunfight with RAB on Baleshwar River in Patharghata upazila early Saturday. The deceased were identified as Manik (45) and Jahangir (42). Acting on a tip-off, a patrol team of RAB-8...

Counterfeit homeopathy drugs

2010-10-24 00:00:00

Khalilur RahmanWe have a bad news for the vast majority of our people who often take recourse to homeopathy treatment for illness. Taking advantage of widespread use of homeopathy drugs, a section of unscrupulous traders is engaged in faking those...

Trawler capsize claims 4 lives

2010-10-24 00:00:00

MUNSHIGANJ, Oct 23 (bdnews24.com): Fire service divers have recovered bodies of the four passengers who went missing after a trawler carrying them sank in the river Ichhamoti Friday.Bodies of Bangladesh Shamoy staff reporter Mahiuddin Chhoton (26), businessmen Golam Kibria Kanok...

Trawler capsize claims 4 lives

2010-10-24 00:00:00

MUNSHIGANJ, Oct 23 (bdnews24.com): Fire service divers have recovered bodies of the four passengers who went missing after a trawler carrying them sank in the river Ichhamoti Friday.Bodies of Bangladesh Shamoy staff reporter Mahiuddin Chhoton (26), businessmen Golam Kibria Kanok...

Titas Gas declares 25pc cash, 10pc stock dividends

2010-10-24 00:00:00

FE ReportState-owned Titas Gas Transmission and Distribution Company Ltd (TGTDCL) will lose 10 per cent of its total market share due to transfer of its Brahmanbaria and Ashuganj units to Bakhrabad Gas Systems Limited (BGSL), a top official of the...