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FIFA wants bribery probe report before World Cup

2010-05-19 00:00:00

ZURICH, May 18 (AP): FIFA hopes its investigation into "crazy allegations" by a senior English official that Spain is trying to bribe World Cup referees will be concluded before the tournament begins."We want to have something definitive before the World...

GM Razib finished at 15th spot in C'wealth chess

2010-05-19 00:00:00

GM Eamul Hossain Razib became 15th in the Commonwealth Chess Championship on the concluding day in New Delhi, India Tuesday, reports BSS.Razib accumulated eight points from 11 games and finished 15th.FM Abu Sufian Shakil of Biman became 33rd with 7½...

Sunrise SC play out 1-1 draw with North Baridhara

2010-05-19 00:00:00

Sunrise SC played out a 1-1 goal draw with North Baridhara Club in their opening match of the lone Metropolis Senior Division Football League at the Bir Shrestha Sepoy Mohammad Mostafa Kamal Stadium (BSSMS) in Kamalapur in the city Tuesday,...

Four matches of Nat'l School Kabaddi decided on first day

2010-05-19 00:00:00

Four matches were decided on the first day of the Standard Chartered National School Kabaddi Tournament at the Kabadi Stadium in the city Tuesday, reports UNB.Earlier, acting CEO of the tournament sponsor Standard Chartered Bank Imtiaz Ibne Sattar inaugurated the...

Vodafone profit almost trebles to 8.6 billion pounds

2010-05-19 00:00:00

LONDON, May 18 (AFP): British mobile phone giant Vodafone today announced that group net profits almost trebled to 8.645 billion pounds (10.1 billion euros, 12.5 billion dollars) in the 12 months to March 31. The sharp jump in earnings, which...

Europe must be about more than cash transfers

2010-05-19 00:00:00

PARIS, May 18, 2010 (AFP): German Chancellor Angela Merkel said today that the European Union must be about more than just a system for transferring wealth from richer members to their struggling partners. In an interview with three major European...

Asia should guard against volatile capital inflows: ADB

2010-05-19 00:00:00

SEOUL, May 18 (AFP): Emerging Asian economies should stay on guard and ready to act if volatile capital inflows threaten to destablise the region's financial markets, the Asian Development Bank (ADB) warned today. Emerging Asia's capital markets have posted rapid...

China warns officials on property corruption

2010-05-19 00:00:00

BEIJING, May 18 (AFP): China's ruling communists are cracking down on official corruption in the real estate market, warning of stiff penalties for anyone caught trying to cash in on the property boom, state media said today. The government is...

WB to provide assistance for road projects in Nepal

2010-05-19 00:00:00

KATHMANDU, May 18 (Xinhua): The World Bank has agreed to provide an additional assistance amounting to 3.01 billion Nepali rupees (some 42.39 million U.S. dollars) to help scale up Nepal's efforts at improving the rural road network.

For transparent transactions in bourses

2010-05-18 00:00:00

Manipulations of all sorts to reap undue profits by a section of investors, sponsor-directors of listed companies and stockbrokers are usual incidents in stock markets across the world. Bangladesh stock markets are no exception. In the latter part of the...

Rights of patients

2010-05-18 00:00:00

Maswood Alam KhanHUMAN Rights and Peace for Bangladesh, a rights group, on Saturday asked the ministry of health and the accreditation body of medical practitioners to display within a week the rights of the patients on signboards to be put...

About the proposed Bangladesh-Malaysia FTA

2010-05-18 00:00:00

Manzur AhmedIt is perplexing to know that the "Commerce ministry officials poured cold water" on the Malaysian proposal to give duty-free access to top Bangladeshi products under an 'early harvest programme' of the proposed Dhaka-Kuala Lumpur FTA. I wonder, why...

Drop in Gantry crane productivity: urgent attention needed

2010-05-18 00:00:00

Chittagong Port Authority is being deprived of its revenue from one of its largest investment -- QGC cranes at CCT. As per the normal productivity of each QGC, 4 QGC can handle at least 1600 moves in 24 hours from...

The drug abuse

2010-05-18 00:00:00

THE other day (Friday) I was walking past a gargantuan mansion towards Dhanmondi Lake when I saw two boys, could not have been more than 15-16, sharing a bottle of Phensidyl. Then they casually threw the empty bottle in the...

Exploitation of Phulbari coal deposit is a must

2010-05-18 00:00:00

AKM SahmsuddinProposal of Asia Energy: Asia Energy proposed to extract about 10-15 million tons of coal from Phulbari Coal Field adopting open-pit mining method from a depth ranging from 250 to 300 meters by removing 4400 million tons of overburden...

Asian stocks plunge as euro falls to four-year low

2010-05-18 00:00:00

SINGAPORE, May 17 (Economic Times): Asian stock markets tumbled Monday on investor concern the Europe debt crisis will worsen as the euro fell to a four-year low. Investors weren't convinced last week's one-trillion-dollar bailout package will keep a sovereign debt...

Sensex ends down 165 points

2010-05-18 00:00:00

MUMBAI, May 17 (Business Standard): The Sensex has ended (provisional) at 16,829 - down 165 points. The Nifty has ended (provisional) down 37 points at 5,057.Engineering major, Larsen & Toubro, has pushed markets towards the path of recovery in late-noon...

Fidelity MF to give bonus units to long term investors

2010-05-18 00:00:00

NEW DELHI, May 17 (PTI): Fidelity Mutual Fund today said its equity fund investors will get two free units at current Net Asset Value (NAV), for every 500 held for the past five years."We are delighted to offer this loyalty...

United Hospital to help develop service of Ctg CSCR

2010-05-18 00:00:00

United Hospital Limited Dhaka and Centre of Specialised Care and Research (CSCR), Chittagong, will cooperate bilaterally and take initiatives toward health related development on regional basis and other health related issues.The organisations signed an MoU in this connection at Ambrosia...

Walton opens new showroom in Joypurhat

2010-05-18 00:00:00

Our CorrespondentJOYPURHAT, May 17: Walton Electronic Company opened a new showroom named Walton Plaza on Sadar Road near the RB Govt High School in Joypurhat town Sunday.Walton Director Illias Kanchon inaugurated the branch as the chief guest. Deputy Director of...

KSE index closes flat

2010-05-18 00:00:00

KARACHI, May 17 (Business Recorder): Selling by local participants created negativity at the local bourse. However, foreign investors' buying supported the market to recover its losses during the week ended on May 14, 2010. The KSE-100 index closed almost at...

Oil falls to $70

2010-05-18 00:00:00

LONDON, May 17 (Reuters): US oil prices fell below $70 a barrel on Monday to their lowest in over three months, extending a loss of more than 18 per cent so far in May on concerns over Europe's debts, the...

Janata Bank holds meeting on its new product

2010-05-18 00:00:00

Janata Bank Limited organised a meeting on 'Influential Programme for Home Micro?savings Project?2010', a new product of the bank initiated at Tongi Pourasabha recently, says a press release.DMD of the bank Dr Md Zillur Rahman presided over the meeting. Mayor...

Wheat, soybeans fall to six-week lows on European debt concern

2010-05-18 00:00:00

NEW YORK, May 17 (Bloomberg): Wheat and soybeans slumped to the lowest levels in almost six weeks in Chicago as investors quit riskier assets on concern that Europe's debt crisis may slow economic recovery.Wheat for July delivery dropped as low...

Gold may extend rally

2010-05-18 00:00:00

LONDON, May 17 (Bloomberg): Gold, little changed near a record in London, may climb as investors seek a haven asset on concern that Europe's debt crisis will sap the region's economic recovery and weaken its 16-nation currency.Bullion climbed to within...

exchange rate

2010-05-18 00:00:00

May 17, Monday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Monday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550085.743699.70510.764561.238667.041861.0976Agrani Bank69.550085.610099.64950.766461.213967.003861.0188FCBsStanChart69.6294.38107.810.7765.3670.0565.58HSBC 69.585089.4522104.86990.769563.340368.750063.2134Citibank naNANANANANANANABank of Ceylon69.590087.2058101.68750.785862.183967.523863.5565PCBsUttara Bank69.550089.4563103.46180.763462.719568.102962.8720AB Bank69.600086.9721100.84820.7759NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

CAG warns against abolition of pre-audit system

2010-05-18 00:00:00

FE ReportThe Comptroller and Auditor General (CAG) of Bangladesh said that discipline in the public financial management in Bangladesh will be at stake if existing pre-audit system is abolished and separate accounts cadre is created. The warning came from CAG...

Berger Paints, HSBC sign MoU

2010-05-18 00:00:00

Berger Paints Bangladesh Limited has recently signed a memorandum of understanding (MoU) with HSBC in the city recently, says a press release. Under the agreement, HSBC will promote Berger products and home decoration services to its home loan customers. HSBC...

SJIBL gets new chairman, vice chairmen

2010-05-18 00:00:00

Mr Mohammad Solaiman and Mr Mohammed Younus and Mr Abdul Barek have been unanimously elected chairman and vice chairmen respectively of Shahjalal Islami Bank Limited (SJIBL). They were elected at the 117th meeting of the board of directors of the...

AMCs kept themselves from buying shares last week

2010-05-18 00:00:00

FE ReportThe asset management companies have said they made profits by selling shares, when the market heated up last week and have abstained from buying more shares in a move to 'make the capital market stable'.The asset management companies said...