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Eurofighter leading race for India deal

2010-01-24 00:00:00

ROME, Jan 23 (Reuters): The Eurofighter Typhoon is "leading the race" to win a contract from the Indian government for 126 fighter jets, valued at around $10.4 billion, India's ambassador to Italy said Friday."We have shortlisted four to five countries,...

Maruti to invest Rs 17b on expansion

2010-01-24 00:00:00

MUMBAI, Jan 23 (Economic Times): Maruti Suzuki, India's top carmaker, approved Saturday an investment of Rs 17 billion to produce an additional 250,000 cars annually, the company said. Maruti, in which Japan's Suzuki Motor Corp has a 54.2-per cent stake,...

Sony Ericsson sees handset market still tough in 2010

2010-01-24 00:00:00

STOCKHOLM, Jan 23 (Reuters): Sony Ericsson warned Friday a recovery in the cellphone market could be slower than many expected as it reported its seventh straight quarterly loss.The Swedish-Japanese venture's outlook is in contrast to budding optimism for the industry,...

Commodities slide on China concerns

2010-01-24 00:00:00

LONDON, Jan 23 (AFP): Most commodity markets fell this week as traders fretted over possible moves by Beijing to rein in the booming Chinese economy, which is a major consumer of raw materials. However, sugar rocketed to a 29-year peak...

Sonali Bank disburses Tk 1.59m loan among poor farmers

2010-01-24 00:00:00

Our CorrespondentBRAHMANBARIA, Jan 23: Sonali Bank Ltd (SBL) disbursed Tk 1599000.00 loan among 88 poor farmers directly through the bank's Medda branch at Sadar Upazila complex auditorium here recently. SBL Deputy General Manager (DGM) and Zonal Head for Brahmanbaria Seikh...

Sharp fall in global crude steel output, not in China

2010-01-24 00:00:00

BRUSSELS, Jan 23 (Commodity Online): World crude steel production reached 1,220 million metric tonnes for the year of 2009. This is a decrease of -8.0 per cent compared to 2008.Steel production declined in nearly all the major steel producing countries...

Thailand opens bids to sell 375,000 tonnes of rice

2010-01-24 00:00:00

BANGKOK, Jan 23 (Commodity Online): Thailand on Friday opened bids to sell about 375,000 tonnes from its rice stocks, drawing offers from 22 companies for far more than the amount available.According to country's Foreign Trade department, bidders have proposed offers...

Indian Railways to test freight wagon fatigue

2010-01-24 00:00:00

NEW YORK, Jan 23 (Commodity Online): One of world's largest passenger and freight carriers, Indian Railways has placed a USD 4 million order for a test rig to perform fatigue testing on freight wagons with Moog's Industrial Systems Group, a...

Gambia to harvest 35 tonnes of cotton this season

2010-01-24 00:00:00

BANJUL, Jan 23 (Commodity Online): African mainland's smallest nation Gambia, is expecting to harvest over thirty five tonnes of cotton produced by the farmers in both Central River and Upper River Regions.In a statement issued here Gambia's Cotton Growers Association...

RAKUB declares Rajshahi ‘Ideal Zone’

2010-01-24 00:00:00

Our CorrespondentRAJSHAHI, Jan 23: Rajshahi Krishi Unnayan Bank (RAKUB) has declared Rajshahi zone as 'the Ideal Zone' for disbursing and realisation of agricultural loan.The authorities of RAKUB gave the declaration at a function with the farmers in the premises of...

Milk turns sour as prices set to fly

2010-01-24 00:00:00

NEW DELHI, Jan 23 (Commodity Online): From a country desperately importing milk and milk products, India has shown it can do wonders in dairy sector as it not only became self-sufficient in milk production catering to millions of Indians but...

UK farmlands now beckon small investors

2010-01-24 00:00:00

LONDON, Jan 23 (Commodity Online): Now a win-win situation, for both farmers who find it difficult to source bank funds due to credit crunch and investors who were put off due to huge sums of money required to invest in...

Emirates Holidays offers Beach Bonus packages to Bangladeshis

2010-01-24 00:00:00

FE ReportThe tour operating wing of Emirates airline Emirates Holidays offered Indian Ocean Beach Bonus packages to the Maldives, Mauritius and Seychelles for the Bangladeshi travelers, according to a press release. The packages will continue in these three destinations up...

Clashes kill 22 militants, 2 troops in NW Pakistan

2010-01-24 00:00:00

PARACHINAR, (Pakistan) Jan 23 (agencies): Militants ambushed Pakistani security forces at checkpoints near the Afghan border Saturday, sparking gunbattles that left 22 insurgents and two troops dead, officials said.Government officials Mohammad Yasin and Mohammad Naseem said two more troops were...

S.Lanka opposition warns of violence ahead of vote

2010-01-24 00:00:00

COLOMBO, Jan 23 (AFP): Sri Lanka's opposition warned Saturday of possible vote-rigging and violence by the ruling party ahead of next week's presidential election as both sides wound up campaigning.Ahead of the final rallies later on Saturday, opposition candidate Sarath...

'150 bodies found' in wells after Nigerian massacre

2010-01-24 00:00:00

KANO, (Nigeria), Jan 23 (AFP): At least 150 bodies have been recovered from wells following Muslim-Christian clashes in central Nigeria in which the estimated death toll already stood at over 300, a village head and volunteers told AFP Saturday."So far...

Top rebel killed ahead of India's Republic Day

2010-01-24 00:00:00

SRINAGAR, Jan 23 (AFP): Troops shot dead a top-ranking militant in restive Indian Kashmir and security forces battled Islamic rebels ahead of next week's Republic Day national holiday, police said Saturday.Rebel violence routinely increases in the revolt-hit Muslim-majority state ahead...

news digest

2010-01-24 00:00:00

Seven killed in Irantrain derailmentTEHRAN, Jan 23: Seven people were killed and another 12 injured on Saturday when a train travelling from the northeastern Iranian city of Mashhad to Tehran derailed, an official told state-run television. "A train travelling from...

Haiti quake death toll reaches more than 111,000

2010-01-24 00:00:00

PORT-AU-PRINCE, (Haiti), Jan 23 (CNN): More than 111,000 people died in last week's massive earthquake in Haiti, the government announced, as search-and-rescue teams wind down their effort to find survivors.The government's figure, released by the United Nations late Friday, is...

Batting the key to Bangladesh revival

2010-01-24 00:00:00

After the verbal jousts that spiced up the contest in Chittagong, the teams arrived in Dhaka having proved their points in different ways, according to website cricinfo. Virender Sehwag had called Bangladesh "ordinary", but for the first half of the...

Golf tournament kicks off at Kurmitola today

2010-01-24 00:00:00

FE ReportThe five-day American Express Bangladesh Open 2010 Professional Golf Championship kicks off at the Kurmitola Golf Club in the city today (Monday).The tournament organised in association with Bangladesh Golf Federation will be sponsored by private commercial bank City Bank.120...

Pakistan to get new captain after Aus tour: Butt

2010-01-24 00:00:00

KARACHI, Jan 23 (BSS/AFP) - Pakistan are to appoint a new captain after the tour of Australia next month, the country's cricket chief said Friday. "This captain (Moham- mad Yousuf) was for this series only and we will decide after...

Federer, Serena Williams stage tennis clinics

2010-01-24 00:00:00

MELBOURNE, Australia, Jan 23 (AP): The self-appointed sports capital of Australia got a feast of tennis on a lazy, sun-drenched Saturday afternoon.While top-seeded and three-time champion Roger Federer played Albert Montanes in a Rod Laver Arena crammed with 15,000 fans,...

EXIM Bank opens second exchange house in Canada

2010-01-24 00:00:00

FE ReportExport Import Bank of Bangladesh Limited opened its own exchange house 'Exim Exchange Company (Canada) Ltd' at Toronto, Canada Saturday.This exchange house, registered with Canadian regulator FINTRAC, is a compliant official money transfer channel to serve Bangladeshi expatriates working...

Mutual Trust Bank Annual Business Confe held

2010-01-24 00:00:00

FE Report Mutual Trust Bank Limited (MTB) 'Annual Business Conference 2010' was held in a city hotel Saturday, according to a press release.Mutual Trust Bank Limited Founding Chairman Syed Manzur Elahi inaugurated the conference as the chief guest while Director...

Regional, corporate branch managers confce of Pubali Bank held

2010-01-24 00:00:00

FE Report Hafiz Ahmed Majumder, Chairman of the Board of Directors of the Pubali Bank, laid emphasis on expansion of foreign remittance business through better customer and modern banking service. He was the chief guest at the first conference for...

Trust Bank 1st MF debut trading likely this week

2010-01-24 00:00:00

FE ReportTrust Bank First Mutual Fund received the final approval for listing in both the Dhaka Stock Exchange and the Chittagong Stock Exchange Thursday. The fund is expected to start trading this week.With fund size of Tk. 2.0 billion, Trust...

Mercantile Bank holds annual business confce

2010-01-24 00:00:00

FE Report Mercantile Bank Limited (MBL) held its Annual Business Conference-2010 at a city hotel Thursday, said a press release.MBL Chairman Md Abdul Jalil, MP inaugurated the conference as the chief guest. MBL First Vice-chairman MS Ahsan, Second Vice-chairman Golam...

HSBC to set up business dev offices at EPZs

2010-01-24 00:00:00

FE ReportThe Hongkong and Shanghai Banking Corporation (HSBC) Ltd in Bangladesh has signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) to set up two business development offices (BDOs) at the Ishwardi and Karnaphuli export processing zones. Already present...

Citi Global Senior visits Dhaka

2010-01-24 00:00:00

Philip Brown, Director Risk, Citi Microfinance arrived in Dhaka Saturday for a four-day visit. During his stay, Philip will be meeting major clients of the bank and with David Lascelles, the survey editor and author of the 2009 Microfinance Banana...