FE Today Logo

Search results for:


Gold consolidates on mkt uncertainty

2010-06-18 00:00:00

SINGAPORE, June 17 (Commodity online): Gold prices consolidated positions in Asian trade Thursday on market uncertainty as equity markets and euro movements failed to give any directions for investors.Gold for immediate delivery was seen trading at $ 1231.84 an ounce...

Oil eases but remains above $77 in Asia

2010-06-18 00:00:00

SINGAPORE, June 17 (Commodity Online): World oil prices eased in Asian trade Thursday but remained above $77 a barrel.Light sweet crude for July delivery was seen trading at $ 77.27 a barrel at 11.30 am Singapore time while Brent crude...

Ukraine to invest UAH 47.3b for coal mining

2010-06-18 00:00:00

KIEV, June 17 (Commodity Online): Ukraine is planning heavy investments towards coal mining sector as the country's ministry of coal industry is reported to be considering mammoth investments of UAH 47.3 billion by 2015.The Ukraine Ministry of Coal Industry is...

Afghan mineral wealth may exceed $3t

2010-06-18 00:00:00

KABUL, Jun 17 (AP): Afghanistan's untapped mineral wealth is worth at least $3 trillion - triple a US estimate, according to the government's top mining official, who is going to Britain next week to attract investors to mine one of...

China defends Pakistan nuclear cooperation as 'peaceful'

2010-06-18 00:00:00

BEIJING, Jun 17 (AFP): China on Thursday defended its nuclear cooperation with Pakistan as peaceful after the United States announced it had sought clarification from Beijing on the sale of two reactors to Islamabad. "China and Pakistan have maintained cooperation...

EU set to approve new sanctions on Iran

2010-06-18 00:00:00

BRUSSELS, Jun 17 (AP): EU leaders are set to adopt a new set of sanctions against Iran Thursday in a further effort to stall its disputed nuclear programme.The additional restrictions, due to be approved during a summit focused primarily on...

France floods kill 22

2010-06-18 00:00:00

DRAGUIGNAN, Jun 17 (AP): Rescuers dug through mud-filled cars and wreckage for bodies in France's Cote d'Azur on Thursday after the worst floods in two centuries killed 22 people.Authorities in the Var region raised the death toll to 22 on...

Israel to ease Gaza blockade

2010-06-18 00:00:00

JERUSALEM, June 17 (AFP): Israel on Thursday approved a plan to ease its blockade of the Hamas-run Gaza Strip following weeks of international pressure but provided few details on what new goods would be allowed in. Under the plan, Israel...

12 Maoists killed in govt attack

2010-06-18 00:00:00

KOLKATA, June 17 (AFP): Indian security forces killed 12 Maoists, including three women, in the latest of a series of raids against rebel strongholds in the east of country, officials said today. The government launched a major offensive last year...

AB Bank, Citycell ink remittance agreement

2010-06-18 00:00:00

AB Bank Ltd., country's leading financial institution signed a Remittance Service Agreement with Pacific Bangladesh Telecom Limited, one of the pioneer mobile communications company and the only CDMA mobile operator in the country.Mr. Kaiser A. Chowdhury, President and Managing Director...

Tk 250m Mercantile Bank loan for poor people

2010-06-18 00:00:00

Pragati Sarani Branch of Mercantile Bank Limited will provide Tk 250 million (25 crore) loan to the under-privileged poor people for the overall micro-economic growth of the country.The bank will disburse the loan through MIDAS Financing Limited, according to a...

Proposed budget to hit dairy sector

2010-06-18 00:00:00

FE ReportPran-RFL Group, country's largest agro-processing company Thursday said some of the proposals of the new budget will adversely hit the dairy sector. "The proposed reduction of import duty on powdered milk is definitely a blow to our industry," the...

Bex Pharma okays 15pc stock dividend

2010-06-18 00:00:00

Beximco Pharmaceuticals Ltd. declared 15pc Stock dividend in its 34th Annual General Meeting held Tuesday at Beximco Industrial Park, Sarabo, Kashimpur, Gazipur.The Company earned a gross profit and net profit of Tk. 2,302.05 million and Tk. 624.74 million respectively for...

Nurul Fazal Bulbul re-elected FBCCI Director

2010-06-18 00:00:00

Chairman of EXIM Bank Board Audit Muhammed Nurul Fazal BulBul has been re-elected unanimously as Director of FBCCI to represent the 29 private Commercial Banks in FBCCI. Muhammed Nurul Fazal BulBul is also Managing Director of FBCCI Foundation and Director...

ACI Formulations declares 25pc cash dividend

2010-06-18 00:00:00

The shareowners of ACI Formulations Limited approved cash dividend @ 25 per cent i.e. Tk 2.5 per share of Tk 10 each for the year ended on 31 December, 2009.The approval was given at the 14th annual general meeting (AGM)...

Central bank buys US$15 million

2010-06-18 00:00:00

FE Report The central bank purchased US$15 million from a commercial bank Thursday aiming to keep the inter-bank foreign exchange market stable. "We've bought the US currency at market rate from the commercial bank directly aiming to keep the rate...

SEC approves Popular MF, rights of Maksons

2010-06-18 00:00:00

FE ReportThe Securities and Exchange Commission (SEC) has approved rights offer of Maksons Spinning Mills Limited and trust deed of a mutual fund of Tk 2.0 billion. The approval was given at the commission meeting Thursday with its chairman Ziaul...

BD's apparel export to Japan rises three times

2010-06-18 00:00:00

Monira MunniLocal apparel export to Japan has increased more than three times this year, proving the destination a lucrative one for Bangladesh. Japan has recently reduced its dependence on import from China, and it prompted foreign RMG exporters to increase...

Sustainable dev is the only way for Bangladesh: Muhith

2010-06-18 00:00:00

Holcim Bangladesh Wednesday honoured eight innovative, future-focused and sustainable green construction projects, said a press release.The awards were given in two categories under the Holcim Green Built Bangladesh contest. The awards recognise innovative solutions that encourage sustainable construction by using...

International Leasing approves 75pc stock dividend

2010-06-18 00:00:00

International Leasing and Financial Services Limited (ILFSL) has approved 75.0 per cent stock dividend for its shareholders for the year 2009, according to a press release.The company also approved its raised authorised capital from Tk 300 million to Tk 3.0...

Trade union panacea to solve RMG wage crisis: NGWF

2010-06-18 00:00:00

Fazlur Rahman RMG workers' leaders Wednesday said trade union could be the best answer to solve the problems regarding workers' demand for minimum pay."Had unions existed in the country's garment sector, there would not have any problems over pay. The...

Reckitt Benckiser approves 750pc cash dividend

2010-06-18 00:00:00

Reckitt Benckiser (Bangladesh) Limited has approved 750 per cent cash dividend for its shareholders for the year that ended on December 31, 2009.The approval was given at the 49th annual general meeting (AGM) of the company at the Trust Milonayoton...

Leather goods workers brought under insurance coverage

2010-06-18 00:00:00

The workers and employees of leather goods and footwear factories have been brought under insurance coverage with a view to offering benefits to their families in case of disastrous and unexpected events like death.A group insurance contract has been signed...

Forlan powers Uruguay past South Africa

2010-06-18 00:00:00

PRETORIA, June 17 (AFP): Uruguay's Diego Forlan blasted a stunning 25-metre goal in the 24th minute and added a penalty as the two-time world champions beat host nation South Africa 3-0 Wednesday in a World Cup match.As a result, the...

Netherlands face Japan in group topping game

2010-06-18 00:00:00

DURBAN, South Africa, June 17 (AFP): The Netherlands face Japan here Saturday with both teams in a position to battle for top spot in Group E, a position that would see them potentially avoid Italy in the second round.The Dutch...

Fans keep chanting alive amid vuvuzela din

2010-06-18 00:00:00

BLOEMFONTEIN, June 17 (AFP): The deafening racket from vuvuzelas has drowned out chanting at the World Cup but fans in Bloemfontein renowned for their singing are determined to keep the tradition alive.The supporters of Bloemfontein Celtic made such an impression...

Uruguay hoping for Mexico victory

2010-06-18 00:00:00

PRETORIA, June 17 (AFP): Uruguay made no secret of the fact that they will be supporting Mexico against France on Thursday after they beat World Cup hosts South Africa 3-0 to take control of Group A.Whatever happens on Thursday, Uruguay...

Heavy rain scuppers Germany-Serbia stadium practice

2010-06-18 00:00:00

PORT ELIZABETH, June 17 (AFP): Germany and Serbia have had to cancel training sessions at the Nelson Mandela Bay stadium here Thursday to protect the pitch after heavy rain.The two sides, who meet in a World Cup Group D tie...

Fearless England ready for Algeria

2010-06-18 00:00:00

CAPE TOWN, June 17 (AFP): England are in a combative mood ahead of their must-win World Cup encounter with Algeria Friday, with the return of Gareth Barry a boost to their confidence.Fabio Capello's superstar team go into the Group C...

Wayne Rooney promises red card redemption

2010-06-18 00:00:00

RUSTENBURG, June 17 (AFP): Wayne Rooney has vowed to achieve redemption for his red card exit from the last World Cup by firing England into the knockout stages of this tournament.The Manchester United striker failed to do himself justice in...