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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...

Suicide blast kills 7 in Pakistan

2010-04-19 00:00:00

ISLAMABAD, Apr 18 (AP): A suicide bomber rammed a truck loaded with explosives into a police station in northwestern Pakistan on Sunday, killing a child and six other civilians, police said. The Pakistani Taliban claimed responsibility.The attack was the second...

Thai 'Yellow Shirts' issue ultimatum on Red rallies

2010-04-19 00:00:00

BANGKOK, Apr 18 (AFP): Thailand's elite-backed 'Yellow Shirts' vowed to take action Sunday if the government fails to deal with red-clad protesters within a week, raising fears of clashes between the rival groups.The 'Red Shirts', who mainly support ex-premier Thaksin...

Quake survivors see ray of hope in Dalai Lama visit request

2010-04-19 00:00:00

JIEGU, China, Apr 18 (AFP): Lhamo Yongsuo's black dress matches the mood in China's northwest quake-hit region where nearly 1,500 have died, but upon seeing the Dalai Lama's image the Tibetan woman brightens.On the streets of Jiegu, the nearest big...

Israel seals West Bank as security precaution

2010-04-19 00:00:00

JERUSALEM, Apr 18 (AP): Israel has barred the entry of nearly all Palestinians from the West Bank as a security measure because of observances for Memorial Day and Independence Day.The closure is to be lifted at midnight Tuesday.Israel is always...

Indian cops defuse 2 bombs at cricket tournament

2010-04-19 00:00:00

BANGALORE, Apr 18 (AFP): Police in the southern Indian city of Bangalore defused two crudely made bombs Sunday, a senior officer said, a day after explosions outside a cricket stadium injured eight people.Both devices were found next to the 40,000-seater...

news digest

2010-04-19 00:00:00

Russian-Polish school-kids mourn air crash victimsMOSCOW, Apr 18: Russian and Polish schoolchildren Sunday will together mourn victims of the tragic air crash on April 10 at the western Russian city of Smolensk. The commemorating action will start at the Gnezdovo...

Pubali Bank wins 'Best Financial Institution' award

2010-04-19 00:00:00

FE ReportPubali Bank Limited, the country's largest private sector bank in terms of assets and networks, won the DHL-Daily Star Bangladesh Business Awards 2009 as the "Best Financial Institution". The award celebrates the bank's efforts to take banking services to...

Alliance to go public for power, telecom ventures

2010-04-19 00:00:00

Sheikh Shahariar ZamanAlliance Holding Limited (AHL), a diversified investment company, is going to raise fund from the capital market to invest in power and telecom sectors."Alliance has substantial stake in 14 companies including inland container terminals, financial institutions and real...

Regional co-operation in energy emphasised

2010-04-19 00:00:00

FE ReportThe upcoming 16th SAARC Summit must focus on regional co-operation in energy sector, water for sustainable rural livelihoods of millions of South Asian poor and to tackle the climate change, speakers said Sunday.They said the SAARC summit is going...

'Brand Management Masterclass' launched

2010-04-19 00:00:00

FE ReportBangladesh Brand Forum (BBF) has formally launched a fully practical oriented, result driven course on "Brand Management" in Bangladesh.For the first time in Bangladesh, such a course dedicated to provide hands on experience has been introduced. The three-month programme...

Mercantile Bank opens ATM booth on Elephant Road

2010-04-19 00:00:00

One more ATM booth of Mercantile Bank Limited started its operation on Elephant Road in the city. Mercantile Bank Director Golam Faruk Ahmed inaugurated the booth Sunday, said a press release. In his speech, Mr Faruk said that Mercantile Bank...