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UCBL AGMs on June 7 after long 11 years

2010-04-20 00:00:00

FE ReportThe United Commercial Bank Limited (UCBL) will hold its annual general meetings (AGMs) after long eleven years on June 7 to approve stock dividends for the years from 2002 to 2006.The board of directors of the UCBL declared the...

Over 100 hurt in RMG-workers' rampage in N'ganj

2010-04-20 00:00:00

Over 100 people, including 20 cops, were injured, as garment workers went on a rampage and clashed with police at Kanchpur in Narayanganj Monday morning to press for their three-point demand including raise in bonus, reports UNB.Witnesses said workers of...

Tension rising in Goldman Sachs

2010-04-20 00:00:00

From Fazle RashidNEW YORK, April 19: Tension is rising in Goldman Sachs, world's most famous investment bank as it has been charged with fraud by the Securities and Exchange Commission (SEC). The tremor has affected the Wall Street. It will...

Diversification boosts overseas sale of jute, jute products

2010-04-20 00:00:00

Monira MunniOverseas sales of jute goods and raw jute rose steeply marking a strong return to its past glory due to product diversification and mounting pressure for using degradable and eco-friendly products in many parts of the world.Shipment of jute...

Population control imperative

2010-04-19 00:00:00

IT is a matter of serious concern that efforts for reducing the population growth rate have slowed down in past several years in Bangladesh that had earlier achieved some notable successes in this area. This country happens to be the...

Hardly any enforcement of the Consumers' Rights Protection Law

2010-04-19 00:00:00

Shamsul Huq Zahid It took decades for the national parliament to pass a law meant to protect the rights of the consumers. For governments, constitutional or otherwise, that occupied the seat of power until the last one, which is known...

Credit growth versus safe banking practices

2010-04-19 00:00:00

Naimul IslamThe issues of credit growth as opposed to a cautious approach to such growth is in focus . A Bangladesh Bank (BB) report was quoted for stating in a media focus that credit growth surpassed deposit growth by 3.12...

Market research, innovations and improved marketing

2010-04-19 00:00:00

Market studies or research to establish demand pattern of products are essential preconditions for the establishment of industries. Private sector can initiate their own such research. The government can also play a valuable role in this regard by collecting and...

Cargo elevators

2010-04-19 00:00:00

In Bangladesh, believe it or not, a cargo elevator is nowhere to be found in any of our high-rise buildings - residential or commercial. As if, the real estate developers, architects and civil engineers of the country are totally unaware...

Tales of the recession

2010-04-19 00:00:00

Fazal M. KamalThe Great Recession that has been ravaging across the United States, evidently, does not bother about wealth, status or class. It has been reported in these columns previously how people in the middle classes have been variously affected...

Gold drops most in two months as SEC sues Goldman, dollar gains

2010-04-19 00:00:00

LONDON, Apr 18 (Bloomberg): Gold fell the most in two months after regulators accused Goldman Sachs Group Inc. of fraud, spurring investors to seek a haven in the dollar and eroding the precious metal's appeal as an alternative asset.The dollar...

Oil settles near $83 a barrel

2010-04-19 00:00:00

NEW YORK, April 18 (AP): Oil prices settled near $83 a barrel Friday after the government accused Goldman Sachs of fraud, earnings from some top companies disappointed investors and data on single-family home construction declined.Benchmark crude for May delivery fell...

Sugar tumbles 5.3pc as commodities drop on SEC-Goldman case

2010-04-19 00:00:00

NEW DELHI, April 18 (Bloomberg): Sugar tumbled more than 5 per cent, leading commodities lower, after the US filed a fraud suit against Goldman Sachs Group Inc., one of Wall Street's biggest traders and brokers of raw materials.The Reuters/Jefferies CRB...

Corn rises, capping the biggest weekly gain

2010-04-19 00:00:00

SINGAPORE, April 18 (Bloomberg): Corn rose, capping the biggest weekly gain in two months, on speculation that cooling Pacific Ocean waters will boost the odds for a drought in the US Midwest, reducing yields in the country's biggest crop.Some meteorologists...

Copper prices tumble

2010-04-19 00:00:00

LONDON, April 18 (Bloomberg): Copper fell the most seven weeks after regulators accused Goldman Sachs Group Inc. of fraud and as a rising dollar cut demand for the metal as a hedge against inflation.Goldman Sachs misled investors about a financial...

Wheat jumps to six-week high

2010-04-19 00:00:00

NEW YORK,April 18 (Bloomberg): Wheat rose to a six-week high as some speculators reduced bets that prices would decline, after futures capped the biggest weekly rally in two months.Speculative short positions, or bets prices will fall, outnumbered long positions by...

BKB arranges 'Shovo Hal Khata' to recover loans

2010-04-19 00:00:00

Our CorrespondentBRAHMANBARIA, Apr 18: Brahmanbaria zone of the Bangladesh Krishi Bank (BKB) has taken a special week-long credit recovery programme titled 'Shuvo Hal Khata' on the occasion of Bengali New Year-1417 to recover its outstanding loans.BKB's main branch at Brahmanbaria...

exchange rate

2010-04-19 00:00:00

The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction SundaySelling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550094.4319107.23530.762865.922668.980364.6205Agrani Bank69.550094.2621107.16790.765265.874668.907164.3990FCBsStanChart69.6295.91108.220.7767.0370.6865.69HSBC 69.608596.5016109.49070.767866.845570.142565.7286Citibank naNANANANANANANABank of Ceylon69.620095.8971109.26420.783966.923069.391066.6960PCBsUttara Bank69.550095.7865108.33040.759266.263970.063265.2818AB Bank69.600095.5770108.31410.7742NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali Bank68.600092.1947105.22250.737164.314567.327963.0831Agrani Bank68.600092.3580105.23620.734564.317767.396263.3001FCBsStanChart68.6291.77103.900.7363.9967.4961.96HSBC...

Financial reforms can triple market size by 2020: FICCI

2010-04-19 00:00:00

NEW DELHI, Apr 18 (PTI): Indian capital markets can grow three-fold by 2020 if reforms to increase retail participation, reduce cost of trade and enhance investment by pension funds are initiated, says a study by Ficci-Mckinsey & Company. "In order...

LSE index down 10.73 points

2010-04-19 00:00:00

LAHORE, Apr 18 (Business Recorder): Bearish sentiment prevailed at Lahore Stock Exchange Friday and equities registered losses amid descending transaction volume on account of lack of interest on the part of investors. The LSE-25 index declined by 10.73 points and...

Eight of top-10 cos shed Rs 400b in m-cap, RIL loses most

2010-04-19 00:00:00

MUMBAI, Apr 18 (PTI): In a truncated trading week, eight out of the 10 most valued firms lost nearly Rs 400 billion from their market capitalisation, with Reliance Industries losing the most. Mukesh Ambani-led Reliance Industries, the numero-uno firm in...

Govt forms panel for Rs 120b Coal India IPO

2010-04-19 00:00:00

NEW DELHI, Apr 18 (PTI): The government has formed an inter-ministerial panel to carry forward the proposed Rs 120-billion disinvestment programme of Coal India, which expects to launch the public offer by July-August this year. "An Inter-Ministerial Group, comprising Coal...

Rally in SE Asia's stock markets likely to cool off

2010-04-19 00:00:00

BANGKOK, Apr 18 (Reuters): A rally in Southeast Asian stock markets, including a record high in Indonesia and a surge elsewhere in the region to two-year peaks, may be about to cool off even if the economic recovery continues.Foreign investors...

Cat bonds yield higher returns

2010-04-19 00:00:00

MUMBAI, Apr 18 (Economic Times): Catastrophe bonds (commonly known as cat bonds) are widely used in advanced countries. These are intended to transfer insurance risk arising out of natural calamities such as earthquakes, hurricanes and floods, to the capital markets....

Yangzijiang to buy stake in S’pore rig-maker

2010-04-19 00:00:00

SINGAPORE, Apr 18 (Reuters): China's Yangzijiang Shipbuilding and a Middle Eastern investor will buy an indirect stake in Singapore-based oil-rig maker PPL Shipyard in a S$155 million ($113 million) deal.Yangzijiang has offered to buy Baker Technology's BASE.SI fully-owned vehicle PPL...

HIGHLIGHTS

2010-04-19 00:00:00

Godh BharaiOn SONY SET Monday at 8:00 pmGodh Bharai is a serial which explores ….what happens when in a traditional Indian family, where purity of blood and family lineage are most important, a bahu cannot have a biological child and...

Tiger Woods mistress arrested in Hollywood

2010-04-19 00:00:00

A US woman who said she had an affair with Tiger Woods has been arrested on suspicion of driving with a suspended licence in West Hollywood, police said, reports AP.Jaimee Grubbs was taken into custody after a random licence plate...

Monday

2010-04-19 00:00:00

ATN BANGLAam07:00 Sangbad 07:30 Positive Bangladesh08:00 Sangbad08:15 Ajker Shongbadpotro08:30 Drama Serial- Kagojer Ghor09:00 News Bulletins09:10 Kande Amar Ma09:15 Tatka National Dance Star10:00 Sangbad10:30 Talk show - Hello Bangladesh11:00 Sangbad 11:05 Asian City Vision 202011:30 Notun Chobir Gan12:00 Sangbad Bulletins12:15 Motamot01:00...

Ahmadinejad slams Israel as Iran displays drones, missiles

2010-04-19 00:00:00

TEHRAN, Apr 18 (AFP): President Mahmoud Ahmadinejad said Sunday that Israel was on its way to collapse, as Iran's military displayed a range of home-built drones and missiles at the annual Army Day parade.In a speech marking the event, the...

Volcanic ash cloud sparks more travel chaos

2010-04-19 00:00:00

LONDON, Apr 18 (AFP): A volcanic ash cloud tightened its powerful grip over Europe's skies Sunday, but amid a fourth day of travel misery for millions airlines pressed for a quick end to the chaos inflicting huge new losses.Most of...