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Cotton moving average signals bear market

2010-06-08 00:00:00

NEW YORK, June 7 (Bloomberg): Cotton prices are headed for a bear- market drop of more than 20 per cent this year after failing to close above their 50-day moving average at the end of last week, said Sharon Johnson...

New Uttara EPZ unit begins exporting wigs

2010-06-08 00:00:00

Our Correspondent NILPHAMARI, June 7: Evergreen Factory BD Ltd, a new industrial unit of Uttara Export Processing Zone (EPZ), has exported its first instalment of 30,000 pieces of wigs of multiple fashions to US markets recently. The EPZ sources said...

Iran is 'special case' for UN atomic watchdog: Amano

2010-06-08 00:00:00

VIENNA, June 7 (AFP): UN atomic watchdog chief Yukiya Amano described Iran Monday as a 'special case' in terms of the agency's monitoring work owing to allegations of possible military dimensions to its contested atomic drive.The West accuses Iran of...

Eight jailed over India gas disaster

2010-06-08 00:00:00

A court in the Indian city of Bhopal has sentenced eight people to two years each in jail over a gas plant leak that killed thousands of people in 1984, reports BBC. The convictions are the first since the disaster...

N Korean leader attends parliament, PM sacked

2010-06-08 00:00:00

SEOUL, June 7 (AFP): Leader Kim Jong-Il Monday attended a rare second annual session of parliament at which Kim's brother-in-law was promoted and the country's prime minister was sacked, state media reported.At Kim's proposal, Jang Song-Thaek became vice-chairman of the...

Israeli sea raid kills Gaza 'commandos'

2010-06-08 00:00:00

GAZA CITY, Palestinian Territories, June 7 (AFP): Israeli forces Monday shot dead four Palestinian 'commandos' off Gaza as the Jewish state scrambled to cope with mounting fallout over an earlier deadly sea battle.Palestinian witnesses said they saw Israeli helicopters and...

news digest

2010-06-08 00:00:00

Japan ruling party names new leadersTOKYO, June 7 : Japan's ruling party selected a fresh leadership lineup Monday, clearing the way for Prime Minister-elect Naoto Kan to name a new Cabinet and begin tackling a host of delicate issues left...

JBL donates Tk 10m for Nimtoli fire victims

2010-06-08 00:00:00

Janata Bank Limited (JBL) donated Tk 10 million (one crore) to the Prime Minister's Relief and Welfare Fund in an aid of the victims of Nimtoli fire tragedy.Prime Minister Sheikh Hasina received a cheque for Tk 10 million (one crore)...

Low quality 'refurbished' TV flooding market ahead of WC soccer

2010-06-08 00:00:00

FE ReportEyeing the ensuing World Cup Football, sub-standard television produced in a method called 'refurbishing' is flooding local market cheating the customers with the counterfeit product, market sources said.'Refurbishing' is a process of making television from parts and components collected...

UCBL holds EGM, five AGMs

2010-06-08 00:00:00

United Commercial Bank Limited (UCBL) held an extra-ordinary general meeting (EGM) and the 20th, 21st, 22nd, 23rd and 24th annual general meetings (AGMs) for the years 2003 to 2007 at a city hotel Monday.Chairman of the bank MA Hashem presided...

New vice-chairmen of Pubali Bank

2010-06-08 00:00:00

Directors of Pubali Bank Ltd Habibur Rahman and Giashuddin Ahamed have been unanimously elected vice-chairmen of the Board of Directors of Pubali Bank Ltd.They were elected in the 770th board meeting of the bank held recently.Mr Habibur Rahman is a...

Mustafa A Aolad new COO of HSBC Bangladesh

2010-06-08 00:00:00

FE ReportA senior executive of the Hongkong and Shanghai Banking Corporation (HSBC) Limited, Mr Mustafa A Aolad, has joined the Bank's top team in Bangladesh. He has assumed the role of chief operating officer (COO).A chartered accountant and member of...

Nestle exports Cerelac to India

2010-06-08 00:00:00

Nestle Bangladesh Ltd, a leading nutrition, health and wellness company in the country, has started exporting part of its local production of Cerelac infant cereals with milk to India. Managing Director of Nestle Bangladesh Laurent Therond flagged off the first...

DCCI team attends 5th China - South Asian Business Forum in Kunming

2010-06-08 00:00:00

FE ReportA 32-member trade delegation of DCCI led by Senior Vice President M. Shahjahan Khan attended the 5th China-South Asian Business Forum at Lily Hall, Yunnan Convention Center, Kunming in China Saturday.Deputy leader of the delegation and Director of DCCI...

Barua urges UNIDO to help develop 'green industry'

2010-06-08 00:00:00

FE ReportIndustries Minister Dilip Barua sought more collaboration with UNIDO in the areas of technology transfer, capacity building and financial support to ensure greening of industries.He said rapid and sustainable growth of Small and Medium Enterprises (SMEs) could be useful...

HeidelbergCement approves 38pc cash dividend

2010-06-08 00:00:00

HeidelbergCement Bangladesh Limited has approved a 38 per cent cash dividend for its shareholders for the year 2009, according to a press release.The approval was given at the 21st annual general meeting (AGM) of the company on its factory premises...

BAFFA launching ceremony held in port city

2010-06-08 00:00:00

Our CorrespondentCHITTAGONG, Jun 07: The launching ceremony of Bangladesh Freight Forwarders Association (BAFFA) was held at a hotel in the port city recently.Shipping secretary Abdul Mannan Hawladar attended the function as the chief guest while chairman of Chittagong Port Authority...

PRAN to buy 40,000 tonnes of mangoes this year

2010-06-08 00:00:00

Pran Agro Limited, a fruit processing and juice producing company in the country, has set a target to buy 40,000 tonnes of mangoes this year to producing mango juice and mango products, according to a press release.Mango purchasing drive of...

Tangail clinch Nations Cup Football crown

2010-06-08 00:00:00

Tangail District Football Team clinched the Grameen Danone Nations Cup Football (10-12 age group) crown outplaying Jhalakati District team 3-0 in the final at the Bangabandhu National Stadium in the city Monday, reports UNB.Shuvo Khan struck twice and Mishu Sheikh...

Motijheel T&T beat Jatrabari KC

2010-06-08 00:00:00

Motijheel T&T Club beat Jatrabari KC by 2-1 goals in the lone match of the Metropolis Senior Division Football League at the Bir Shrestha Sepoy Mohammad Mostafa Kamal Stadium in the city Monday, reports UNB.Rubel struck twice in the 6th...

Siddons backs Tigers to improve

2010-06-08 00:00:00

LONDON, June 7 (AFP): Bangladesh coach Jamie Siddons insists his side can one day develop into a unit capable of challenging the world's top sides despite their dispiriting defeat against England in the second Test at Old Trafford.The Tigers suffered...

Zimbabwe beat SL

2010-06-08 00:00:00

HARARE, June 7 (AFP): Zimbabwe beat Sri Lanka by eight wickets in the last Tri-nations match of a series also involving India at Harare Sports Club here Monday.Zimbabwe 240 for 2 (Taylor 119*, Chibhabha 58) beat SL 236 (Dilshan 78,...

Tendulkar rested, Yuvraj dropped for Asia Cup

2010-06-08 00:00:00

NEW DELHI, June 7 (AFP): India's cricket chiefs Monday allowed veteran Sachin Tendulkar to skip the upcoming Asia Cup in Sri Lanka, while Yuvraj Singh was dropped from the 15-man squad.Mahendra Singh Dhoni will captain India in the four-nation limited-overs...

N'ganj DSA dominate men's singles

2010-06-08 00:00:00

Narayanganj DSA dominated the men's singles event on the 4th day of the Citycell 30th National Badminton Championship at the Wooden Floor Gymnasium in the city Monday, reports UNB.In the day's men's singles 4th round, Hannan, Enayet, Javed and Muktar...

Musical double feature for WC opener

2010-06-08 00:00:00

JOHANNESBURG, June 7 (AFP): The World Cup's opening celebrations roll over two days this week, in a musical double feature that boasts top stars like Shakira Thursday, with a still-secret performance ahead of the match Friday.Tens of millions of people...

Greek priest punished for hooliganism

2010-06-08 00:00:00

THESSALONIKI, Greece, June 7 (AFP): A Greek priest and die-hard football fan has been punished by the Orthodox Church for hooliganism, Church officials in this northern city said Monday.Priest Christos was a fervent supporter of top-flight side PAOK FC, whose...

WC giants Germany land in SA

2010-06-08 00:00:00

JOHANNESBURG, June 7 (AFP): Germany were the latest World Cup giants to touch down in South Africa for the first World Cup staged on the continent.The three-time champions landed at Johannesburg international airport on a crisp, clear Monday morning after...

Nigeria outplay N Korea

2010-06-08 00:00:00

TEMBISA, June 7 (AFP): Nigeria delivered a World Cup boost to thousands of supporters here Sunday with a 3-1 triumph over fellow qualifiers North Korea in a warm-up marred by injuries to 16 people. The stampede victims included two police...

Edn policy implementation will be a great challenge

2010-06-08 00:00:00

Education Minister Nurul Islam Nahid Monday said the implementation of the newly announced 'National Education Policy -2010' will be a great challenge for the government, reports UNB. "All the people of the country including opposition parties and Alim-Olamas welcomed the...

IOM DDG arrives in city today

2010-06-08 00:00:00

FE ReportAmbassador Laura Thompson, the deputy director general (DDG) of International Organisation for Migration (IOM), is scheduled to arrive in the city this morning (Tuesday) on a three-day official visit to Bangladesh. This is the first-ever high-level official visit by...