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India halts cotton exports to cool domestic prices

2010-04-21 00:00:00

NEW DELHI, April 20 (Bloomberg): India, the world's second-largest cotton grower, halted exports to boost domestic supplies and cool prices that have jumped 27 percent in the past year.Registration of export contracts have been suspended from yesterday until "further orders,"...

UK March inflation accelerates more than forecast on energy

2010-04-21 00:00:00

LONDON , April 20 (Bloomberg): The U.K.'s inflation rate jumped more than economists forecast in March, breaching the government's upper limit for the second time this year after energy costs rose within weeks of the election.A weak pound is helping...

Corn, wheat advance

2010-04-21 00:00:00

NEW YORK, April 20 (Bloomberg): Corn and wheat rose in Chicago on speculation that yesterday's slumps were exaggerated. Soybeans also climbed.Corn for July delivery gained 1.3 percent to the day's high of $3.6175 a bushel on the Chicago Board of...

exchange rate

2010-04-21 00:00:00

The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction TuesdaySelling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550094.1802106.81000.758965.711968.946364.8022Agrani Bank69.550094.0534106.79230.761265.695768.886864.6076FCBsStanChart69.6296.26109.280.7867.3869.3965.87HSBC 69.600595.7066108.72560.783466.590769.106265.2137Citibank naNANANANANANANABank of Ceylon69.620095.6813108.85340.779566.871669.508867.3643PCBsUttara Bank69.550094.6267107.06610.765765.515968.936364.8487AB Bank69.600095.4103107.96690.7701NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali Bank68.600091.9627104.79820.733764.121267.288163.2469Agrani Bank68.600092.1385104.84520.730564.153767.376263.4922FCBsStanChart68.6290.63103.460.7362.9966.9362.05HSBC...

IPO Diary

2010-04-21 00:00:00

RAK Ceramics (Bangladesh) LimitedNature of BusinessThe core business of RAK Ceramics (Bangladesh) Limited is to manufacture and sell of tiles and sanitary wares. The company has over 1000 models active in the ceramic and porcelain tiles business and regularly adds...

Volcanic ash cloud exposes EU's lack of coordination

2010-04-21 00:00:00

BRUSSELS, Apr 20 (AFP): The worldwide travel chaos inflicted by a volcano in Iceland has highlighted the European Union's (EU) inability to get a coordinated aviation system off the ground, leaving travellers and airlines frustrated.Today the EU is composed of...

Thai protesters back down after live fire threat

2010-04-21 00:00:00

BANGKOK, Apr 20 (AFP): Thailand Tuesday toughened its stance against anti-government protesters, warning security forces would use live ammunition and tear gas in any fresh clashes.Ten days after 25 people were killed and 800 wounded in a failed attempt to...

China declares nat'l day of mourning for quake victims

2010-04-21 00:00:00

XINING, China, Apr 20 (AFP): China declared a national day of mourning for victims of last week's earthquake as rescuers battled altitude sickness and bad weather conditions in the Tibetan disaster zone Tuesday.The government said the nation would be in...

Turkey backs Iran, restates diplomacy

2010-04-21 00:00:00

Turkey says that it has always supported Iran's stance on its nuclear issue and has reemphasised that any coercive measure against Tehran would prove ineffective, reports Internet. "Turkey has always supported Iran's stance when it comes to the nuclear program,"...

Fonseka's trial to resume after assembly opens

2010-04-21 00:00:00

COLOMBO, Apr 20 (AFP): The court martial of Sri Lanka's former army chief Sarath Fonseka was Tuesday adjourned until after the opening of the country's new parliament, in which he won a seat this month, officials said.The three-judge military court...

Malaysia lawmaker pleads guilty to polygamy

2010-04-21 00:00:00

KUALA LUMPUR, Apr 20 (AFP): A senior Malaysian Muslim lawmaker pleaded guilty Tuesday to a charge of polygamy after he married an actress without court permission, a court official said.Muslim men in Malaysia are allowed up to four wives, but...

Afghan deputy mayor slain while praying

2010-04-21 00:00:00

KABUL, Apr 20 (AP): Insurgents killed a vice mayor of the southern city of Kandahar while he was praying at a mosque, an official said Tuesday, the latest brazen attack on government officials in the volatile region where troops are...

news digest

2010-04-21 00:00:00

Somali pirates seize Thai fishing vessels, 77 crewBRUSSELS, Apr 20: Pirates have seized three Thai fishing vessels with a total of 77 crew and were taking them toward the coast of Somalia, a spokesman for the EU naval force in...

SEC paves way for Beacon Pharma IPO floatation

2010-04-21 00:00:00

FE ReportThe securities regulator approved Tuesday the prospectus of Beacon Pharmaceuticals Limited giving it the go-ahead for launching Initial Public Offering (IPO).The Securities and Exchange Commission (SEC) gave the approval in a meeting on the day. Beacon Pharmaceuticals Ltd., an...

Thrust on adopting Income Sharing Ratio

2010-04-21 00:00:00

FE ReportSpeakers at a seminar in the city Tuesday asked the country's banks to adopt Income Sharing Ratio (ISR)-based module for distribution of profit to their Mudaraba depositors.The new ISR based module should gradually come to replace the existing Weightage...

Marico to launch edible vegetable oil brand

2010-04-21 00:00:00

FE ReportMarico, a beauty products firm of India, will start marketing Saffola Gold, an edible vegetable oil brand, in Bangladesh from Friday, said an official Tuesday. The new product to be available in the local market is a high-performing brand...

ICB AMCL announces NAV of eight mutual funds

2010-04-21 00:00:00

ICB Asset Management Company Ltd (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has announced Net Asset Value (NAV) of its eight mutual funds recently. The total NAV of ICB AMCL First Mutual Fund stood at Tk 324,708,434.24...

New Anchor product hits local market

2010-04-21 00:00:00

FE ReportNew Zealand Dairy Products Bangladesh Ltd (NZDPB) launched a new product, Anchor Pre-School 2+, in the local market Tuesday."We've introduced the best product on child nutrition supported by nutrition and goodness of milk," SA Mallick, Managing Director of NZDPB...

Scheduled flights of Biman to London likely to resume today

2010-04-21 00:00:00

FE ReportScheduled flights of Biman to London is expected to resume from today (Wednesday) after repeated flight cancellations of its three direct flights due to the volcanic ash-linked factors in the Europe, Biman source told the FE.The flight control department...

IDLC approves 100pc stock,10pc cash dividends

2010-04-21 00:00:00

FE ReportIDLC Finance Limited has approved a 100 per cent stock (one share for every one share) and 10 per cent cash dividends for its shareholders for the year 2009.The approval was given at the 25th annual general meeting (AGM)...

TVS introduces CNG-driven auto rickshaw

2010-04-21 00:00:00

FE ReportTVS Auto Bangladesh Tuesday introduced a new CNG-driven 200cc Auto Rickshaw and a 125cc motorbike with diverse specialized feature in both. The two new brands of the TVS Motor Company were formally launched in a formal ceremony at a...

BNP smells govt plot behind non-deployment of army

2010-04-21 00:00:00

The BNP is alleging that the refusal of the Election Commission (EC) to deploy the army for the Bhola-3 by-election is part of a plot to fulfil the ruling party's desire, reports UNB. Following other party seniors in recent days,...

Preparations for holding by-poll complete

2010-04-21 00:00:00

BHOLA, Apr 20 (UNB): The Chief Election Commissioner (CEC) ATM Shamsul Huda said Tuesday that all preparations aimed at holding the April 24 Bhola-3 by-election in a free and fair manner have been completed.He said arrangements would be made for...

No class or exam held at CU

2010-04-21 00:00:00

CHITTAGONG, Apr 20 (UNB): No class or examination was held at the Chittagong University (CU) Tuesday due to indefinite strike called by Bangladesh Chhatra League (BCL) activists Friday protesting the killing of fellow activist Asaduzzaman. The university authorities at an...

Jubo League leader killed in Jessore

2010-04-21 00:00:00

Our CorrespondentJESSORE, April 20: A leader of the district unit of Jubo League, youth wing of the ruling party Awami League, was shot dead by some miscreants in Laldighi area of the town Monday night.The victim was identified as Kamruzzaman...

EC adds 1.2m euro humanitarian aid

2010-04-21 00:00:00

The European Commis-sion's Humanitarian Aid Department has allocated 1.2 million euro as humanitarian aid to address the impact of rodent crisis in the Chittagong Hill Tracts (CHT), reports UNB.The Commission has already allocated 3.65 million euro since the crisis began...

AL activists ‘trying to grab minorities’ land’

2010-04-21 00:00:00

Hindus of Mothbaria Upazila in Pirojpur alleged that some ruling Awami League (AL) activists backed by the local MP were trying to grab their lands. Shankar Mitra, on behalf of 100 Hindu families living in village Dakkhin Sonakhali in the...

City BNP to stage two-day demonstration

2010-04-21 00:00:00

Bangladesh Nationalist Party (BNP) will stage demonstrations in various parts of the capital city from today (Wednesday) as a part of its two-day programme demanding respite from the utilities' crisis that has besieged the city-dwellers, reports UNB. Dhaka city BNP...

Nasir's travel ban stayed for five days

2010-04-21 00:00:00

The Appellate Division of the Supreme Court Tuesday stayed for five days a High Court (HC) order that had allowed BNP leader Mir Mohammad Nasiruddin to leave the country, reports bdnews24.com. Appellate Division Chamber Judge Md Muzammel Hossain gave the...

Indira Road KC taste first victory in last match

2010-04-21 00:00:00

In a battle of two lowly teams, Indira Road KC tasted the first victory in the last Group A match of the Women's Club Cup Cricket beating all-losers Dhaka Wanderers Club by four wickets at the Dhanmondi Cricket Stadium in...