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Asian stocks sharply down in opening trade

2010-05-09 00:00:00

TOKYO, May 8 (AP): Asian stock markets plunged in early trade Friday following massive losses on Wall Street amid fears over the Greek debt crisis.Japan's benchmark Nikkei 225 stock average dropped 400.06 points, or 3.7 per cent, to close the...

Delta Life holds development confce in Comilla

2010-05-09 00:00:00

BRAHMANBARIA, May 8: Delta Life Insurance Company Limited (DLICL) arranged a development conference at the company's service centre at Comilla recently.Delta Life Additional Deputy Managing Director (ADMD) ABM Saiful Hoque was the chief guest at the function presided over by...

US stock markets will shed gains swiftly

2010-05-09 00:00:00

NEW YORK, May 8 (Reuters): Another deflationary wave of global credit strains, heralded by the Greek debt crisis, will broadly punish riskier assets, technical analyst Robert Prechter said Friday.US stock markets will erase their past six months of gains "in...

KKR, Bain's HCA files for up to $4.6b IPO

2010-05-09 00:00:00

NEW YORK, May 8 (Reuters): Hospital operator HCA Inc, backed by buyout firms Bain Capital and Kohlberg Kravis Roberts & Co, filed for an initial public offering of up to $4.6 billion, the biggest buyout-backed offering since the financial crisis...

Bond yields off lows, rupee nosedives

2010-05-09 00:00:00

MUMBAI, May 8 (Reuters): Government bond yields ended off day's lows as traders booked profits after a sharp fall in yields due to risk aversion as euro zone debt worries impacted market sentiment, dealers said. Dealers said details of next...

Child labourers on rise in Natore

2010-05-09 00:00:00

Our CorrespondentNATORE, May 08: The number of child labourers is increasing day by day in Natore sadar, Bagatipara, Lalpur, Baraigram, Gurudaspur and Singra upazilas of the district due to poverty.Children aged roughly between 8 and 12 years from landless, poor...

Soybeans rise on speculation

2010-05-09 00:00:00

BEIJING, May 8 (Bloomberg): Soybeans rose from a four-week low on speculation that China, the biggest global consumer, will increase purchases to produce more animal feed and cooking oil.Imports may reach a record 14 million metric tons in the second...

Sugar rebounds from 13-month low

2010-05-09 00:00:00

LONDON, May 8 (Bloomberg): Sugar futures rose for the first time in six sessions on renewed demand after falling to the lowest level in almost 13 months.The gain pared sugar's decline this week to 9 per cent, the biggest drop...

Copper, aluminum slump

2010-05-09 00:00:00

NEW YORK, May 8 (Reuters):Copper fell, heading for its worst week since January, and aluminum declined to the lowest level since February on concern that Europe's debt crisis may slow the global economic recovery.Copper for three-month delivery fell as much...

Corn, wheat rise

2010-05-09 00:00:00

NEW YORK, May 8 (Bloomberg): Corn and wheat futures rose in Chicago on speculation that freezing weather will harm crops in the US, the biggest exporter of both grains.Freezing or near-freezing temperatures over the weekend may stunt Midwest corn that...

British newspapers urge swift election pact

2010-05-09 00:00:00

LONDON, May 8 (AFP): British newspapers Saturday said Liberal Democrat leader Nick Clegg held the role of kingmaker after inconclusive general elections and urged him to seal a power-sharing pact without delay.But the dailies were divided on whether the third-party...

Thai govt, rivals firm on peace plan despite deadly violence

2010-05-09 00:00:00

BANGKOK, May 8 (AFP): Thailand's government and 'Red Shirts' protesters Saturday committed themselves to a faltering peace process despite twin attacks that left two police officers dead.Grenade blasts and a drive-by shooting targeted security forces facing off against the anti-government...

Hillary warns Pakistan of 'severe consequences’

2010-05-09 00:00:00

WASHINGTON, May 8 (AFP): Pakistan faces "very severe consequences" if a terror plot like the failed Times Square bombing was traced to that country, US Secretary of State Hillary Clinton said in remarks made public Saturday.However Clinton also acknowledged Pakistan's...

Philippines in race to make May 10 vote happen

2010-05-09 00:00:00

MANILA, May 8 (AFP): Philippine presidential candidates wrapped up their election campaigns in a festival-style atmosphere Saturday, as polling officials raced to deliver vote-counting software to remote precincts.Three months of intense campaigning were due to officially end at midnight with...

DPRK committed to N-disarmament

2010-05-09 00:00:00

SEOUL, May 8 (AFP): North Korean leader Kim Jong-Il said the isolated state remains committed to nuclear disarmament, Pyongyang's official media reported Saturday, a year after quitting talks on its atomic arsenal.During a visit this week to Beijing, he also...

PLO to decide on peace talks with Israel

2010-05-09 00:00:00

RAMALLAH, May 8 (AFP): A divided Palestine Liberation Organisation (PLO) met in Ramallah Saturday to decide whether to give a green light to resuming long-stalled peace talks with Israel.President Barack Obama's special Middle East envoy George Mitchell has been shuttling...

news digest

2010-05-09 00:00:00

Pakistan test-fires two missilesISLAMABAD, May 8: Pakistan Saturday successfully tested two missiles capable of carrying nuclear and conventional warheads, the military said. "Both the missiles successfully hit the target areas," a military statement said. The Ghaznavi has a range of...

BB Governor asks banks to join hands to fund CSR initiatives

2010-05-09 00:00:00

FE ReportBangladesh Bank Governor Dr. Atiur Rahman has asked the local private commercial banks to join hands together to fund large scale CSR (Corporate Social Responsibility) initiatives in the country's health sector."Private commercial banks", he said, "can jointly set up...

Thai traders eye Bd market

2010-05-09 00:00:00

Mehdi Musharraf BhuiyanThai traders are eyeing the country's growing market for cosmetics and jewelries; a trade official of Thailand said Friday, as the Southeast Asian nation is looking to further enlarge its export basket in Bangladesh.The ASEAN nation, which has...

Phoenix Finance First Mutual Fund makes debut today

2010-05-09 00:00:00

FE ReportPhoenix Finance First Mutual Fund, a closed-end fund of 10 years tenure, will make debut in the stock market today (Sunday).The mutual fund worth Tk 600 million will be the 24th such fund listed with the prime bourse. Per...

16,712 workers sent back in 4 months of 2010

2010-05-09 00:00:00

Mashiur RahamanA total of 16,712 Bangladeshi workers were sent back by the countries of their employment in the first four months of the year 2010, mainly from Middle East and Southeast Asia, government statistics revealed.Topped by the oil-rich kingdom of...

Canadian experts train wheat millers, bakers

2010-05-09 00:00:00

Canada-Bangladesh Chamber of Commerce and Industry (CanCham) arranged a reception in honour of the delegates and trainers from Canadian Wheat Board (CWB) and the Canadian International Grains Institute (CIGI). The delegation has held a day-long technical training session for wheat...

SEBL holds workshop on foreign trade

2010-05-09 00:00:00

Southeast Bank Ltd held a three-day workshop on 'Foreign Trade Operations' at the bank's training institute at its head office in the city recently. Southeast Bank Deputy Managing Director Syed Imtiaz Hasib inaugurated the workshop. While speaking on the occasion,...

Global Insurance celebrates 10th anniversary

2010-05-09 00:00:00

Global Insurance Limited celebrated its 10th anniversary through a grand gala programme held in the city recently, says a press release. Chairman of the company M Amanullah inaugurated the programme. A souvenir named 'Proffay' was also launched on the occasion...

Alal stopped at the airport

2010-05-09 00:00:00

Jatiyatabadi Jubo Dal president Syed Moazzem Hossain Alal was barred from catching a London flight Saturday, reports bdnews24.com.He went to Shahjalal International Airport at around 8:00am. Immigration officials stopped him saying that they had received 'orders from the top' not...

Milan transferred to Rangpur jail

2010-05-09 00:00:00

RANGPUR, May 08 (bdnews24.com): Former BNP state minister ANM Ehsanul Haque Milan was transferred to Rangpur jail from Comilla early Saturday.Hundreds of BNP activists protested in front of the jail gate at that time.BNP's international secretary Milan was brought to...

PM inaugurates Bangabandhu Jail memorial museum

2010-05-09 00:00:00

Prime Minister Sheikh Hasina inaugurated Father of the Nation Bangabandhu Sheikh Mujibur Rahman Jail Memorial Museum inside Dhaka Central Jail Saturday afternoon, reports UNB.The museum was established encompassing the Dewani Cell where Bangabandbu Sheikh Mujib was kept detained during the...

Young Tigers concede 2nd consecutive defeat

2010-05-09 00:00:00

Bangladesh A conceded 2nd successive defeat in the ATN Records Tri-Nation One-Day Tournament losing to West Indies A team by 29 runs at the Sher-e-Bangla National Cricket Stadium in Mirpur Saturday, reports UNB.With the day's win, the Caribbean team is...

Jayawardene routs WI

2010-05-09 00:00:00

BRIDGETOWN, May 8 (Cricinfo): Sri Lanka wrapped up a crushing 57-run win over a disappointingly lacklustre West Indies in Barbados after Mahela Jayawardene's sublime unbeaten 98 from 56 balls took them to 195 for 3.Jayawardene took full toll of a...

Arambagh surprise Muktijoddha

2010-05-09 00:00:00

Arambagh Krira Chakra surprised Muktijoddha Sangshad Krira Chakra as they scrape past them by 2-1 margin in the lone match of the Citycell Bangladesh League at the Bangabandhu National Stadium Saturday, reports BSS.Muktijoddha dominated the opening minutes but faded away...