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Indian bond yields ease on finmin comment

2010-06-16 00:00:00

MUMBAI, June 15 (Reuters): Indian federal bond yields eased from five-week highs Tuesday as worries of an immediate rate hike abated after the finance minister said late Monday that he was not in favour of altering interest rates right now,...

CBOE seat sales imply $3b market value ahead of IPO

2010-06-16 00:00:00

CHICAGO, June 15 (Reuters): The Chicago Board Options Exchange's (CBOE) biggest investor boosted his stake in the No 1 US options market Monday in a bullish bet that puts CBOE's value on the eve of its initial public offering (IPO)...

Thaicom shares jump 13pc on acquisition plan

2010-06-16 00:00:00

BANGKOK, June 15 (Reuters): Shares in Thai satellite operator Thaicom PCL extended gains, jumping more than 13 per cent, Tuesday after the government said it planned to buy the company or its satellites.At 0306 GMT, Thaicom shares were up 12.8...

Etihad celebrates 4th anniversary and agent award night

2010-06-16 00:00:00

Etihad Airways, the National Airline of United Arab Emirates has celebrated 'Agent award night' to recognize their agents on their fourth anniversary at a city hotel recently, said a press release.Shafique Alam Mehdi, secretary of Civil Aviation and Tourism Ministry,...

India's ban boosts Pakistan rice exports

2010-06-16 00:00:00

ISLAMABAD, June 15 (Commodity Online): India's ban on basmati rice exports helped its neighbour Pakistan to increase its exports by fifty per cent until June this year, according to Rice Exporters Association of Pakistan. In a statement, Reap said, "Our...

Gold may gain in London as slower growth concern boosts demand

2010-06-16 00:00:00

SEOUL, June 15 (Bloomberg): Gold may gain in London as concern that the global economic recovery may slow boosts demand for the precious metal as a means of protecting wealth. German investor confidence plunged the most since October 2008 on...

Oil edges up in volatile Asian trade

2010-06-16 00:00:00

SINGAPORE, June 15 (Commodity Online): Global oil prices advanced marginally in Asian trade but remained highly volatile on concerns over Euro Zone debt crisis. Light sweet crude for delivery in July was seen trading at $75.18 a barrel at 11.30...

Saidpur-Chilahati section rail route rehabilitation to begin

2010-06-16 00:00:00

Our CorrespondentNILPHAMARI, June 15: The government has undertaken a project to rehabilitate Saidpur-Chilahati and Chilahati to zero point section broad gauge railway track. Chilahati-Haldibari (India) segment of the railway comprises 8.10 kilometre in Bangladesh portion and 3.24 km in Indian...

New Zealand snatch historic point

2010-06-16 00:00:00

RUSTENBURG, June 15 (AFP): A stoppage time equaliser by defender Winston Reid saw New Zealand claim the first World Cup point in their history with a 1-1 draw with Slovakia Tuesday.The All Whites, who lost all three matches in their...

Paraguay hold Italy

2010-06-16 00:00:00

CAPE TOWN, June 15 (AFP): Paraguay did tragic teammate Salvador Cabanas proud by holding defending champions Italy 1-1 in their World Cup opener with coach Gerardo Martino saying it illustrated their potential.The South Americans came into the tournament in great...

South African hope to keep momentum against Uruguay

2010-06-16 00:00:00

PRETORIA, June 15 (AFP): South African dreams of a shock run into the second round of the World Cup face a moment of truth Wednesday in a critical match against Diego Forlan-led Uruguay.Unfancied South Africa, trying to avoid becoming the...

Beckenbauer criticises England

2010-06-16 00:00:00

JOHANNESBURG, June 15 (AFP): Germany legend Franz Beckenbauer hit out Tuesday at England's style of play at the World Cup, saying they "have gone backwards into the bad old times of kick and rush."While Fabio Capello's England struggled in a...

Secretive N Korea back at World Cup after 44 years

2010-06-16 00:00:00

JOHANNESBURG, June 15 (AFP): As North Korea make their first appearance at the World Cup in 44 years Tuesday, the Communist country's reclusive team are provoking some head-scratching among football fans.With Kim Jong-Il's regime mired in controversy over charges that...

Spain enter WC with Swiss challenge

2010-06-16 00:00:00

DURBAN, June 15 (AFP): European champions Spain make their World Cup bow against Switzerland here Wednesday with star midfielder Cesc Fabregas saying they were "hungry for the title".Spanish football is riding the crest of a wave following Spain's Euro 2008...

Organising futures markets in Bangladesh

2010-06-16 00:00:00

M S SiddiquiFutures market is a purchase of one product for delivery at any certain time in future. Usually, it is an auction purchase in which participants buy and sell commodity for delivery on a specified future date. This is...

Myanmar : Time to improve relations

2010-06-16 00:00:00

Sifat BariRecently, Myanmar, is seen taking initiatives to improve relations with Bangladesh. They have made known their willingness to take back some nine thousand Rohingyas they earlier pushed into Bangladesh. Presently, the push-in attempts of Rohingyas inside Bangladesh, appear to...

Iran to send aid ships to Gaza

2010-06-16 00:00:00

Iranian ships carrying aid supplies are due to set sail for Gaza in the coming week, Iran's state news agency has reported, reports Aljazeera.net.The move is likely to further heighten tensions in the region.Iran's semi-official Mehr news agency said the...

UN, EU favour Kyrgyz vote despite unrest

2010-06-16 00:00:00

BISHKEK, Kyrgyzstan, June 15 (Agencies) : The United Nations and the European Union Tuesday urged Kyrgyzstan to go ahead with a key constitutional referendum and parliamentary polls, notwithstanding a violent ethnic unrest and humanitarian catastrophe. But the Kyrgyz government has...

Eleven Thai protest leaders denied bail

2010-06-16 00:00:00

BANGKOK, June 15 (AFP): A Thai court Tuesday denied bail for 11 Red Shirt protest leaders accused of 'terrorism', triggering angry scenes outside the courtroom where hundreds of their supporters were gathered.The criminal court cited the severity of the charges...

Iran nuke fuel swap deal 'still alive': Ahmadinejad

2010-06-16 00:00:00

TEHRAN, June 15 (AFP): President Mahmoud Ahmadinejad said Iran's nuclear fuel swap deal brokered by Brazil and Turkey last month was 'still alive', state television's website reported Tuesday."The Tehran declaration is still alive and can play a role in international...

Pakistan arrests American hunting for bin Laden

2010-06-16 00:00:00

PESHAWAR, June 15 (AFP): An American businessman armed with a pistol, dagger and a sword has been arrested in Pakistan on suspicion of wanting to hunt down and kill Osama bin Laden, police said Tuesday.The 50-year-old from California was detained...

Death toll in India boat accident rises to 52

2010-06-16 00:00:00

LUCKNOW, India, June 15 (AP): The death toll from a boat accident in northern India rose to 52 Tuesday as rescue workers continued to pull bodies from the Ganges river.Police initially said the crowded vessel that capsized Monday was carrying...

AB Bank gets Int'l Quality Summit Award

2010-06-16 00:00:00

AB Bank has received the prestigious 'International Quality Summit Award' in Platinum Category for its 'commitment to quality, leadership, technology and innovation' from Business Initiative Directions (BID), an organisation based in Madrid, Spain. BID is currently the most important private...

Citi tops in socially responsible investment analysis, research

2010-06-16 00:00:00

FE ReportEnvironmental Finance, a UK-based monthly magazine covering the ever-increasing impact of environmental issues on the lending, insurance, investment and trading decisions affecting industry, has ranked Citi top in five categories in socially responsible investment analysis and research.In its inaugural...

Premier Leasing and Finance Ltd. elects chairman, vice-chairman

2010-06-16 00:00:00

Dr. Mizanur Rahman Shelley was relected as chairman of Premier Leasing and Finance Limited. Syed Muhammed Abdul Mannan MP was elected vice-chairman of the company. Dr. Shelley, who studied at Dhaka University and the University of London, had his distinctions...

Budget business-friendly but not export-friendly: BMCCI

2010-06-16 00:00:00

FE ReportBangladesh-Malaysia Chamber of Commerce & Industry (BMCCI) leaders Tuesday termed the announced budget for the fiscal year 2010-11 'a business-friendly but not export-friendly budget,". Speaking in a post-budget press conference in the capital, Chamber president Syed Moazzam Hossain said...

SJIBL signs agreement with Ena Properties

2010-06-16 00:00:00

Shahjalal lslami Bank Limited (SJIBL) signed an agreement with Ena Properties Limited in the city Sunday for construction of its head office bhaban at Gulshan Avenue, said a press release. As per the terms of agreement, Ena Properties will complete...

Court clears Ganatantrik Parishad panel in FBCCI polls

2010-06-16 00:00:00

FE ReportThe Supreme Court Tuesday declared the candidature of four candidates of the elections of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) legal.The candidates are Abu Alam Chowdhury, SA Kader Kiron, Jalal Uddin and KMR Manzur.The latest court...

‘Telecom sector ignored in proposed budget’

2010-06-16 00:00:00

Fazlur Rahman The country's mobile operators felt ignored as the proposed national budget for the new fiscal year took no new initiative to make the telecom sector sustainable, its leaders said."Mobile telephone is the most effective and powerful device that...

BSRM Steel placed in 'A' category

2010-06-16 00:00:00

BSRM Steel will be placed in 'A' category from existing 'Z' category with effect from today (Wednesday) as the company reported disbursement of 15 per cent stock dividend for the year 2009. SEC requested the stock brokers and merchant bankers...