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Discussion on budget performance

2010-05-11 00:00:00

Budget is nothing but an estimate of income and expenditure of a certain period. In Bangladesh, we pin very high hopes on a budget before it is tabled in parliament. Discussion on the next budget 2010-2011, to be tabled in...

Congratulations to Rushanara!

2010-05-11 00:00:00

Rushanara Ali, who was the Labour Party candidate, made history on 7 May as she became the first Bangladeshi to make it to the British parliament, winning with 21,784 votes.All Bangladeshis now feel proud of her success and wish her...

HIGHLIGHTS

2010-05-11 00:00:00

The Bold and The BeautifulOn STAR World India Tuesday at 3-30 pm. In the fashion world, the Forrester family rules from their stylish mansion in Beverly Hills. But behind the glitter and glamor of the runway, the Forresters encounter many...

Zeenat Aman tops 50 sexiest Bollywood stars of all time list

2010-05-11 00:00:00

LONDON, May 10: Zeenat Aman has beaten off tough competition from some of the greatest film icons in the history of Indian cinema to top Eastern Eye's list of the 50 Sexiest Bollywood Stars of all time.The first leading lady...

'Paa', 'Love Aaj Kal', '3 Idiots' lead nominations for 11th IIFA

2010-05-11 00:00:00

NEW DELHI, May 10: After dominating all popular awards this year, including the Filmfare and the Screen awards, Balki's 'Paa', Imtiaz Ali's 'Love Aaj Kal' and Raju Hirani's '3 Idiots' lead the nominations tally for the 11th edition of the...

Tuesday

2010-05-11 00:00:00

ATN BANGLAam07:00 Sangbad07:30 Positive Bangladesh08:15 Ajker Sangbadpatra08:30 Drama Serial- Chonnochara09:00 News Bulletins09:15 Drama - Jolkona10:00 Sangbad10:30 Hello Bangladesh11:15 Asian City Top Spin12:00 Sangbad Bulletins12:15 Shornali Shadakalo01:00 Sangbad Bulletins01:25 Atn Music02:00 Sangbad02:30 Drama Serial - Baba03:00 Sangbad03:15 Mega Serial-O Amar Chokkhu...

Asian markets climb as EU moves to defend euro

2010-05-11 00:00:00

SINGAPORE, May 10 (Agencies): Asian stock markets climbed Monday as the European Union agreed on a nearly $1 trillion defense package for the embattled euro, hoping to contain global fallout from Greece's debt problems and protect its common currency. Japan's...

BoJ injects cash for second trading day

2010-05-11 00:00:00

TOKYO, May 10 (AFP): The Bank of Japan (BoJ) Monday offered two trillion yen (21.6 billion dollars) in liquidity to financial institutions for a second trading day in a row to calm markets rattled by Greece's debt woes.The central bank...

Tata Motors to sell Rs 1b of bonds

2010-05-11 00:00:00

MUMBAI, May 10 (Reuters): Tata Motors will sell Rs 1 billion of bonds this week, two sources with knowledge of the matter said Monday. The 10-year bonds carry a coupon rate of 9.75 per cent and are rated 'AA-minus' by...

Nifty surges to 5200 as Eurozone woes ease

2010-05-11 00:00:00

MUMBAI, May 10 (Economic Times): Indian markets bounced back with a bang Monday and erased most of previous week's losses after buying emerged across the board on the back of positive global cues. The European Union and IMF reached an...

RAKUB holds 345th board meeting

2010-05-11 00:00:00

Our CorrespondentRAJSHAHI, May 10: The 345th meeting of the board of directors of Rajshahi Krishi Unnayan Bank (RAKUB) was held at its head office recently. Chairman of RAKUB board of directors Yeahea Mollah presided over the meeting. Members of the...

Second Phase of employment scheme ends in Nilphamari

2010-05-11 00:00:00

Our CorrespondentNILPHAMARI, May 10: The second phase of the short period employment generation scheme for the hard core poor organised by the Food, Disaster Management and Relief Ministry concluded here recently. In the second phase the scheme was for 40...

Ctg Customs Bond mobilises record revenue

2010-05-11 00:00:00

FE ReportChittagong Customs Bond Commisionerate, Regional Office, has mobilised a record revenue of Tk 1.31 billion during the period of January, 2010 to April, 2010.The office was given a revenue target of Tk 801.6 million from January to April this...

US IPO market facing months-long shutout

2010-05-11 00:00:00

NEW YORK, May 10 (Reuters): The US market for initial public offerings (IPO), which had just begun to warm up, could be facing another chill similar to that triggered by the financial crisis."We might be moving from people being cautious...

Jaypee Infra sets IPO price at lower end

2010-05-11 00:00:00

MUMBAI, May 10 (Reuters): An IPO by Indian road-builder Jaypee Infratech, a unit of construction firm Jaiprakash Associates, raised about $502 million after the deal was priced at the bottom of its indicated range, according to sources with direct knowledge...

Weak sentiment won't delay AgBank IPO

2010-05-11 00:00:00

BEIJING, May 10 (Reuters): Agricultural Bank of China, aiming for the world's largest-ever initial public offering, will press ahead with its plans despite weak market sentiment, one of its underwriters said Saturday.Market jitters will probably delay the launch of an...

Futures open interest up by 16pc

2010-05-11 00:00:00

KARACHI, May 10 (Business Recorder): The open interest at the futures counter increased by 15.9 per cent on week-on-week basis to Rs 963 billion during the week. The futures spreads also increased by 69bps to 3.42 per cent amid decline...

Oil volatility rebounds amid financial turmoil

2010-05-11 00:00:00

LONDON, May 10 (Bloomberg): Crude oil volatility surged to its highest level in almost two months as turmoil across financial markets prompts speculators to sell futures contracts.Oil's 30-day historical volatility, a measure of how much crude fluctuates around its average...

Rice production to rise to record this year

2010-05-11 00:00:00

NEW DELHI, May 10 (Bloomberg): Global production of rough rice, the staple for half the world's population, will rise to a record 710 million metric tons this year, as harvests in India and the rest of Asia recover from drought,...

Gold eases after EU debt containment plan

2010-05-11 00:00:00

SINGAPORE, May 10 (Reuters): Gold fell more than half a per cent Monday, trading just above $1,200 an ounce, as investors weighed whether a half a trillion euro plan could safeguard euro zone sovereign debt from default.European Union finance ministers...

Banglalink reaches 15m mark

2010-05-11 00:00:00

Banglalink, the country's 2nd largest mobile phone operator, achieved the 15 million mark in terms of subscription, further consolidating its position in the sector, said a press release.This milestone has been reached after only five years of operations, which provides...

Soybeans climb as dollar weakens

2010-05-11 00:00:00

SYDNEY, May 10 (Bloomberg): Soybeans advanced as the dollar dropped, making US crop supplies more attractive to investors and importing countries.July-delivery soybeans increased as much as 0.7 per cent to $9.6675 a bushel on the Chicago Board of Trade and...

exchange rate

2010-05-11 00:00:00

May 10, 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 Bank69.550090.4756103..82580.758963.491568.007263.1806Agrani Bank69.550088.8858103.24530.770963.005566.997461.8256FCBsStanChart69.6294.38107.810.7765.3670.0565.58HSBC 69.563891.5333105.04390.773963.830467.997763.5336Citibank naNANANANANANANABank of Ceylon69.590094.4501108.68130.766865.862269.092566.6742PCBsUttara Bank69.550090.8467104.04860.765763.277967.944063.0746AB Bank69.600091.7364104.95970.7704NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Overall services sector growth slightly lower, MCCI

2010-05-11 00:00:00

Continued from Page 9Total budget financing of the government during July-January 2010 through borrowing stood lower at Tk.34.65 billion, as against Tk.133.71 billion during July-January FY09. The amount of budget financing was just 11.9 percent of the total target of...

Europe unveils 750-billion-euro crisis fund

2010-05-11 00:00:00

BRUSSELS, May 10 (AFP): Crisis-hit Europe today announced a monster rescue package running to 750 billion euros between euro countries and the IMF, sending the euro surging in Asian trade. Leaders hope an unprecedented international intervention, worth just shy of...

German trade surplus jumps to 17.2b euros in March

2010-05-11 00:00:00

FRANKFURT, May 10 (AFP): Germany's trade surplus leapt higher in March, official data showed today as the euro's fall in value against other major currencies helped exports rack up solid gains. The trade surplus for Europe's biggest economy jumped to...

IMF board approves record 30b euro loan for Greece

2010-05-11 00:00:00

WASHINGTON, May 10 (AFP): The International Monetary Fund's executive board approved a record 30-billion-euro loan yesterday for Greece, whose debt woes have shaken global financial markets. "The IMF executive board has concluded its discussion on Greece and approved a three-year...

Most Jerusalem Palestinians live in poverty: Israeli study

2010-05-11 00:00:00

JERUSALEM, May 10 (AFP): Most Palestinians in east Jerusalem, including three out of four children, live below the poverty line, an Israeli rights group said today, accusing Israel of neglect and discrimination. "A unified Jerusalem does not exist," the Association...

Overall services sector growth slightly lower, MCCI

2010-05-11 00:00:00

FE Report The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) said the overall services sector growth was slightly lower than the trend growth of 6.4 percent witnessed since FY2003 - 2004 in the third quarter of this fiscal (January-March,...

Eastland Ins approves 30pc stock dividend

2010-05-11 00:00:00

FE ReportThe 23rd Annual General Meeting (AGM) of Eastland Insurance Company Limited was held on Monday at Bangabandhu International Conference Center in the city.The Meeting was presided over by Mr. Mahbubur Rahman, Chairman of the Company.The Chairman presented the report...