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Copper gains as equities stabilize

2010-05-17 00:00:00

Copper moved higher as stabilisation in equities encouraged some traders to use a recent pullback in the metal as an opportunity to buy. LME copper warehouse stocks fell 1,255 metric tons to 485,150, their lowest level since late December. Copper...

exchange rate

2010-05-17 00:00:00

May 15, Sunday  The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Sunday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550086.4006101.37150.760361.687267.710762.9853Agrani Bank69.550086.2708101.31870.762861.660367.643861.7769FCBsStanChart69.6294.38107.810.7765.3670.0565.58HSBC 69.585089.4522104.86990.769563.340368.750063.2134Citibank naNANANANANANANABank of Ceylon69.590089.8572105.57060.774264.043869.264565.3311PCBsUttara Bank69.550089.4563103.46180.763462.719568.102962.8720AB Bank69.600087.5971102.47340.7717NANANABuying rates  from public (inward...

ITC pushes Bharti out of top 10 m-cap firms

2010-05-17 00:00:00

MUMBAI, May 16 (PTI): In the highly volatile trade past week, six out of the top 10 firms added nearly Rs 170 billion to their market capitalisation, with FMCG major ITC getting into the coveted club after a year replacing...

Japanese bonds decline for first time in month

2010-05-17 00:00:00

TOKYO, May 16 (Bloomberg): Japanese bonds fell for the first time in more than a month on concern the nation's mounting debt will damp demand at the next two auctions of the securities. The finance ministry will sell a total...

Govt, cos eye Rs 1200b from share sale

2010-05-17 00:00:00

NEW DELHI, May 16 (PTI): When it comes to raising funds, both the government as well as the private sector appear to be flocking to the share sale route with plans to sell shares worth a whopping Rs 1200 billion...

Eurozone troubles may keep stocks on edge

2010-05-17 00:00:00

NEW YORK, May 16 (Reuters): Stocks could face more volatility next week as growing doubts about whether Europe can solve its deepening debt crisis are likely to take centre stage again.A $1 trillion rescue package unveiled at the week's start...

Prudential to outline Asia asset sales

2010-05-17 00:00:00

HONG KONG, May 16 (Reuters): Britain's Prudential Plc is expected to outline divestments of some Asian assets in its upcoming rights offering prospectus in an effort to appease shareholder concerns about its planned AIA acquisition, a source familiar with the...

Kuwaiti bourse suspends 22 firms

2010-05-17 00:00:00

KUWAIT CITY, May 16 (AFP): The Kuwait Stock Exchange Sunday suspended trading in stocks of 22 listed firms for failing to declare their first quarter results on time.A statement posted on the KSE website said the companies -- 15 of...

Foreigners buy shares worth $6.639 million

2010-05-17 00:00:00

KARACHI, May 16 (Business Recorder): Despite concerns over euro debt crisis, the foreign investors' interest continued at the equity market during the week ended on May 14, 2010 with a fresh inflow of $6.639 million. However, the inflow of foreign...

Thailand to impose curfew after 25 die in clashes

2010-05-17 00:00:00

BANGKOK, May 16 (AFP): Thailand will impose a curfew Sunday and send Red Cross workers to evacuate women and children from Bangkok's deadly protest zone where 25 people have been killed in four days of street battles between anti-government demonstrators...

Volcanic ash prompts airspace closures over Ireland

2010-05-17 00:00:00

LONDON, May 15 (CNN): Airports in Ireland prepared to close overnight Saturday as a drifting ash cloud from an erupting volcano in Iceland prompted the United Kingdom's air traffic authority to close airspace over parts of Northern Ireland.Belfast International, Dublin,...

Brazil's Lula in Iran for 'last chance' nuclear talks

2010-05-17 00:00:00

TEHRAN, May 16 (AFP): Brazilian President Luiz Inacio Lula da Silva was Sunday meeting Iranian leaders at the start of a visit the West says might be Tehran's last chance to avoid new UN sanctions over its nuclear programme.Ahmet Davutoglu,...

Suspected Pakistan militants 'kidnap 60' in tribal area

2010-05-17 00:00:00

Police in Pakistan say at least 60 people have been kidnapped by suspected militants in the country's volatile north-west tribal region, reports BBC.The hostages were seized in Kurram after the vehicles they were travelling in were ambushed by men reportedly...

Bangladesh display late brilliance beating champions Oman 4-1

2010-05-17 00:00:00

Hosts Bangladesh displayed their brilliance late beating newly crowned champions Oman by 4-1 goals in the last league match of the Robi Asian Games Qualifying Hockey at the Maulana Bhasani National Hockey Stadium Sunday, reports UNB.Despite the day's first defeat,...

Shakil overtakes Niaz in C'wealth Chess

2010-05-17 00:00:00

FM Abu Sufian Shakil of Biman and FM Mehdi Hasan Parag have collected 6.5 points each after the completion of the 9th round in the Commonwealth Chess Championship held in New Delhi India Sunday, reports BSS.GM Enamul Hossain Razib FM...

Nazimuddin to captain Bangladesh A team against West Indies

2010-05-17 00:00:00

Top order batsman Nazimuddin will lead the Bangladesh A team in the two four-day matches against the West Indies A team beginning tomorrow Monday at the SBNCS in Mirpur, reports UNB. Nazim Uddin takes over the charge from Shamsur Rahman,...

Batsman Shamsu to join Bangladesh squad in England

2010-05-17 00:00:00

Uncapped batsman Shamsur Rahman is due to leave here for England tonight (Sunday night) to join the Bangladesh National Cricket team there as a back-up batsman due to injury to Tamim Iqbal, and sickness of captain Shakib Al Hasan, reports...

Third ICB NRB MF to make debut this week

2010-05-17 00:00:00

FE ReportThe Dhaka Stock Exchange (DSE) listing sub-committee has recommended listing of Third ICB NRB Mutual Fund with the bourse.The 10-year fund having size of Tk 1.0 billion is expected to make debut this week, sources said. Its each unit...

CSR contribution, a new yardstick for banks in future ratings : Atiur

2010-05-17 00:00:00

FE ReportCSR contribution is set to come as a yardstick for the banks in their future ratings- Bangladesh Bank Governor Dr. Atiur Rahman said Sunday, asking the country's financial institutions to gear up their social initiatives.Corporate Social Responsibility- he said,...

AB Bank chairman wins Atish Dipankar Award

2010-05-17 00:00:00

AB Bank Limited Chairman M Wahidul Haque was awarded with the prestigious Atish Dipankar Gold Medal 2010 for his contribution to the overall development and a long time association with the tea industry of Bangladesh. The prize giving ceremony coincided...

SJIBL inks accord on remittance with Sonali Bank

2010-05-17 00:00:00

Remittances received by Shahjalal Islami Bank Limited (SJIBI), through exchange houses abroad for the beneficiaries in Bangladesh, will also be disbursed through branches of Sonali Bank countrywide. The banks signed a mutual agreement in this respect at Sonali Bank conference...

NCC Bank eyes white-collar expatriates

2010-05-17 00:00:00

FE ReportNCC Bank has taken a move to enhance the remittance in-flow in the country targeting the white-collar expatriates of Bangladesh."A hefty amount of remittance worth $ 10 billion has been received in recent years but the money mostly came...

94 plots lying unused in Mongla EPZ for 9 years

2010-05-17 00:00:00

Despite much potential, Mongla Export Processing Zone (EPZ) could not be developed properly as 94 of its plots have been lying unused for the last nine years, reports UNB.Entrepreneurs are not showing much interest in investing in the EPZ area...

AIMS announces NAV of its 3 mutual funds

2010-05-17 00:00:00

Asset and Investment Management Services (AIMS) of Bangladesh Ltd has announced the net asset value (NAV) of its three mutual funds recently, says a press release. AIMS First Guaranteed Mutual Fund: The NAV of AIMS First Guaranteed Mutual Fund stood...

Singer launches World Cup campaign

2010-05-17 00:00:00

Singer Plus launched a special campaign titled 'Panch koti takar golden goal offer' from Sunday (May 16) across the country on the occasion of Football World Cup, said a press release.Under the campaign, the purchasers of television sets will avail...

BDCom linked with Warid

2010-05-17 00:00:00

FE ReportBDCom Online Limited's IP Phone service 'Katha' has linked itself with the network of Warid Telecom Ltd from May 11, 2010.This would enable all BDCom subscribers to receive and make calls from any Warid numbers, a press release said.It...

JS body for formulating law to regulate diagnostic labs

2010-05-17 00:00:00

Parliamentary standing committee on the Ministry of Health and Family Welfare Sunday made recommendations to formulate a specific law for regulating all diagnostic centres and pathological laboratories, reports BSS. Standing Committee Chairman Sheikh Fazlul Karim Selim presided over the meeting...

BIWTA asked to maintain status quo in construction on Buriganga

2010-05-17 00:00:00

The High Court (HC) Sunday asked the government to maintain a three-month status quo on construction of a recreation centre on the river Buriganga at Kamrangirchar in the capital, reports UNB.Ordering the status quo, the HC also issued a rule...

Public movement to be restrictedin borders to contain BSF killings

2010-05-17 00:00:00

The government has instructed the Deputy Commissioners (DCs) of districts and Battalion and Sector Commanders of Bangladesh Rifles (BDR) of the bordering districts to take immediate steps to restrict public movement along side the bordering areas during the night time,...

UAMDC holds re-union

2010-05-17 00:00:00

The re-union - 2010 of old students of Uttara Anwara Model Degree College (UAMDC), situated in the suburbs of the city, was held Saturday amid much enthusiasm and ecstasy, says a press release.Founder Principal of the college, Md Mozibur Rahman,...