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European shares set to gain for sixth session

2010-07-14 00:00:00

LONDON, July 13 (Reuters): European shares were seen extending their rally into a sixth straight session Tuesday, as better-than-expected quarterly earnings from US firm Alcoa boosted investor confidence that the latest round of earnings from the US could exceed estimates....

Karachi share market opens on positive note

2010-07-14 00:00:00

KARACHI, July 13 (Business Recorder): The Karachi share market Monday opened on a positive note and the KSE-100 index crossed 10,000 psychological level after two months to hit 10,053.56 points intra-day high level. However, after mid session the index could...

Nifty touches 5400, DLF, Suzlon, IDFC, Unitech up

2010-07-14 00:00:00

MUMBAI, July 13 (Economic Times): Benchmarks bounced back in the positive terrain Tuesday as sentiments turned bullish taking support of European peers. The upmove was led by gains in realty, oil & gas and capital goods stocks. At 2:30 pm,...

Bond yields edge up on supply, swaps steady

2010-07-14 00:00:00

MUMBAI, July 13 (Reuters): Bond yields edged up Tuesday as traders weighed a $2.8 billion debt sale this week, but swap rates were steady with June inflation data due Wednesday after a below-than-expected industrial output growth. Most traders expect the...

HDFC to raise Rs 5b via five-year bonds

2010-07-14 00:00:00

MUMBAI, July 13 (Reuters): Housing Development Finance Corp is raising five billion rupees via 8.35 per cent, five-year bonds, two sources with direct knowledge of the issue told the reporter Tuesday. The issue will open on July 19 and will...

Cadbury says no to 30pc premium for share price

2010-07-14 00:00:00

MUMBAI, July 13 (PTI): Cadbury India has informed the Bombay High Court that the 30 per cent premium recommended by the court-appointed valuer Ernst & Young on share valuation of Rs 1,340 suggested by earlier valuators was not acceptable to...

Asset sale talk, well hopes drive BP shares higher

2010-07-14 00:00:00

WASHINGTON, July 13 (Reuters): BP shares rose to their highest in nearly a month Monday, driven by reports of asset disposals to help pay for the company's US oil spill and hopes for a new system to capture almost all...

Global oil demand to grow on China, India

2010-07-14 00:00:00

PARIS, July 13 (Commodity Online): Global oil demand is likely to rise next year. In its monthly report on the oil markets, the International Energy Agency (IEA) said global oil demand for next year should rise by a daily 1.3...

Banglalink renews its partnership deal with BPC

2010-07-14 00:00:00

Banglalink renewed its partnership deal with Bangladesh Parjatan Corporation (BPC) Tuesday, according to a press release.BPC General Manager (Marketing) Md Keramat Ali Khan and Banglalink Chief Financial Officer (CFO) Mohammad Osman signed the MoU on behalf of their respective organisations...

Get on with rail sector reforms

2010-07-13 00:00:00

Intercity travelers on board the Mohanogor Provati from Dhaka to Chittagong were on Sunday terribly shaken when three of its carriages got derailed near Lalmai station in Comilla. Fortunately there were no casualties, or none were reported. Such disruptions are...

Discouraging effects of BO account maintenance fee

2010-07-13 00:00:00

A.F.M. Mainul AhsanThe Securities and Exchange Commission (SEC), the stock market regulator, has imposed an additional Tk 200 in annual maintenance fee on each beneficiary owner (BO) account. According to press reports, SEC took the decision to increase government revenue...

Unemployment problem worsening

2010-07-13 00:00:00

Kaniz FatemaBangladesh is, according to a study by an international organisation, in the twelfth position among the top twenty countries in the world where unemployment is rising. The number of the unemployed in Bangladesh now is, thus, estimated at 30...

Timely publication of results requested

2010-07-13 00:00:00

May I draw the kind attention of the National University regarding the publication of the results of the different public examinations? For example if the results of LL.B (part-1) examination, which ended on 30th April '10, were published soon the...

Equitable load shedding

2010-07-13 00:00:00

Bashabo is a large residential area in Dhaka metropolis. Hundred of thousands of people live there. Most of them are from middle income strata, conservative in nature and law abiding citizens. For last couple of months the inhabitants in Bashabo...

A spy story devoid of 007 thrills

2010-07-13 00:00:00

Maswood Alam KhanWhen I was a school-going boy in the 1960s I can't remember now whether it was a report published in a newspaper or just a rumour spread through words of mouth with a motive to intensifying animosity towards...

Israel ignores Hague court decision

2010-07-13 00:00:00

Emad Drimly and Saud Abu Ramadan in GazaSix years after the court in Hague called for removing the Separation Wall that Israel is constructing in the West Bank, Palestinian officials voiced despair on Friday for the international failure to stop...

Who is to blame for Faruque's death?

2010-07-13 00:00:00

Ferdous RahmanFaruque Hossain finally succumbed to his injuries on 1st July after spending five agonizing days in the hospital. He and his friend received severe burn injuries as the criminals torched his car on the night before the hartal day....

HIGHLIGHTS

2010-07-13 00:00:00

Bidaai On STAR PLUS Tuesday at 9-30 pm. Bidaai is a story of two sisters, Sadhna (beautiful) and Ragini (unattractive). Sadhna is the adopted child in the family. Life is pleasant for Sadhna as she is beautiful but society is...

Dharmendra to quit politics

2010-07-13 00:00:00

LUDHIANA, July 12: Bollywood actor Dharmendra has said that he wanted to quit politics."I came into politics, it felt that I almost choked myself and felt I was emotionally dragged into this. I never wanted to," Dharmendra said recently."The day...

Hrithik Roshan to hit again with Krrish 2

2010-07-13 00:00:00

Rakesh Roshan has taken the failure of Kites very seriously and hence planning to hit back with a sequel of 2006 hit film Krrish starring his son Hrithik Roshan.The father son duo has given three films together till now, which...

Tuesday

2010-07-13 00:00:00

BTVam07:00 Announcement, The Holy Quran, The Holy Tripitak Paath and Programme Outline 07:20 Geet Malya07:45 Sufi Sadhoker Bangladesh08:00 Sakaler Sangbad08:15 Maati-O-Manush08:35 Samprotik08:55 Sangbad Shironam09:00 Docu- Fire Dekha09:10 Joydhoni09:35 Sastho Katha10:00 News10:05 Muktijuddha Pratidin10:30 Jibon Khuje Pai11:05 Nirbachito Anushthan11:30 Thikana12:00 Sangbad...

Asian stocks up, investors pin hopes on US earnings

2010-07-13 00:00:00

SYDNEY, July 12 (Reuters): Asian stocks rose Monday as investors counted on the start of the US earnings season this week to show firms were reaping strong profits and that the world's economic recovery was not losing steam. Investors largely...

Sensex near 17900, Tata Motors, HDFC Bank, DLF up

2010-07-13 00:00:00

MUMBAI, July 12 (Economic Times): Indian markets were consolidating with a positive bias Monday taking support of global peers. Realty, banks and IT led the upmove while oil&gas, pharma and auto slipped in the red. At 2:47 pm, Bombay Stock...

Cos put MF entry plans on back burner

2010-07-13 00:00:00

NEW DELHI, July 12 (PTI): Nearly two dozen firms awaiting Sebi nod for setting up mutual funds now seem to have had a change of mind and they are dilly-dallying on the matter. Many of these applicants had to furnish...

Aon to purchase Hewitt for $4.9b in cash, stock

2010-07-13 00:00:00

LONDON, July 12 (Bloomberg): Aon Corp, the world's largest insurance broker, agreed to buy Hewitt Associates Inc for $4.9 billion in cash and stock to expand its division advising companies on employee pay and benefits. Hewitt shareholders will receive $25.61...

BEL to sell 10.8pc stake

2010-07-13 00:00:00

NEW DELHI, July 12 (PTI): LNJ Bhilwara Group firm Bhilwara Energy (BEL) Monday said that it will dilute nearly 11 per cent stake to two foreign investors for raising Rs 2.30 billion to part-fund the company's power projects. BEL will...

China tycoon bids to be Prada's biggest shareholder

2010-07-13 00:00:00

SHANGHAI, July 12 (AFP): A Chinese tycoon has been quietly buying up shares in Italian fashion house Prada SpA in a bid to become its largest shareholder, his company confirmed Monday.However, Lu Qiang, chairman of Shanghai-based fashion factory outlet Foxtown...

Fresh buying raises KSE index

2010-07-13 00:00:00

KARACHI, July 12 (Business Recorder): The expectations over the positive outcome of the meetings with tax officials and to introduce new leverage product invited fresh buying and the Karachi share market and the KSE-100 index increased by 276.75 points on...

Oil extends gains on China trade info

2010-07-13 00:00:00

SINGAPORE, July 12 (Commodity Online): World oil prices extended gains in Asian trade Monday as demand increased while worries over global economic recoveries eased.Light sweet crude for August delivery was seen trading at $ 76.28 a barrel at 11.30 am...

Solar-powered airplane sets record flying 24 hrs

2010-07-13 00:00:00

BERNE, July 12 (Commodity Online): A solar-powered airplane has completed a record-setting test flight of more than 24 hours over Switzerland.The slender and long-winged airplane, called Solar Impulse, flew to an altitude of 28,000 feet above sea level at an...