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Gold edges up near $1067 in Asian trade

2010-02-09 00:00:00

SINGAPORE, Feb 8 (Commodity Online): Gold recovered in Asian trade Monday mainly after the dollar edged down against major currencies.Gold for immediate delivery was seen trading at $1066.38 an ounce at 11.30 am while gold futures for April delivery was...

Corn price forecasts cut by Morgan Stanley on harvest

2010-02-09 00:00:00

SINGAPORE, Feb 8 (Bloomberg): Corn may average $3.90 a bushel in the 2009-10 marketing year, 13 per cent less than an earlier forecast, after good weather in the United States boosted output, Morgan Stanley said.The crop may average $4.75 a...

Rubber reaches 7-week low as dollar gains

2010-02-09 00:00:00

TOKYO, Feb 8 (Bloomberg): Rubber declined for a third day to the lowest level in almost seven weeks as a strong dollar may weaken investor demand for commodities and a possible recall by Toyota Motor Corp of its Prius cars...

exchange rate

2010-02-09 00:00:00

February 08,  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 Bank69.450095.1965108.64770.785464.867365.133760.4095Agrani Bank69.450095.0298108.55590.788064.782665.067560.2159FCBsStanChart69.65101.86113.440.7869.0268.3264.94HSBC 69.607098.5627112.72440.791966.477966.080862.2296Citibank naNANANANANANANABank of Ceylon69.540097.5812110.00800.808765.996065.634765.9960PCBsUttara Bank69.500095.6415108.92290.793764.672065.151760.4119AB Bank69.500097.1142110.57070.7969NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

'Historic' snow strands countless in Mid-Atlantic

2010-02-09 00:00:00

WASHINGTON, Feb 8 (AP): Scores of workers in the snowy Mid-Atlantic region were given Monday off to shovel out from a blizzard that buried some areas in nearly three feet of snow as another, smaller storm loomed.While the weekend winter...

Iran to enrich uranium to 20pc from today as nuke fears grow

2010-02-09 00:00:00

Iran has announced immediate plans to step up its nuclear programme, which Western nations fear could be used to make a bomb, reports BBC. Its nuclear chief said Iran would start enriching uranium to 20 per cent from Tuesday, and...

Afghan villages abandoned before Nato-led operation

2010-02-09 00:00:00

Hundreds of villagers living in a Taliban-controlled area of southern Afghanistan are leaving before a major Nato-led offensive gets under way, reports BBC. It is expected to be one of the largest counter-insurgency operations since the Afghan conflict began in...

Chinchilla Costa Rica's first female president

2010-02-09 00:00:00

SAN JOSE, Feb 8 (AFP): Laura Chinchilla, a social conservative who opposes abortion but wants more help for the poor, became Costa Rica's first female president after a convincing election triumph.Her main opponents conceded defeat and the 50-year-old ruling party...

Sugary soft drinks threat to pancreas cancer

2010-02-09 00:00:00

WASHINGTON, Feb 8 (Reuters): People who drink two or more sweetened soft drinks a week have a much higher risk of pancreatic cancer, an unusual but deadly cancer, researchers reported Monday.People who drank mostly fruit juice instead of sodas did...

Japan PM stresses support for Ozawa after scandal

2010-02-09 00:00:00

TOKYO, Feb 8 (AFP): Japan's centre-left Prime Minister Yukio Hatoyama said Monday he supported his party's secretary general who days earlier avoided being indicted over a political funds scandal.Three weekend polls said around 70 per cent of Japanese voters want...

11 Indian troops killed in Kashmir avalanche

2010-02-09 00:00:00

SRINAGAR, India, Feb 8 (AFP): Eleven Indian soldiers were killed Monday in an avalanche that struck a mountain area in Kashmir where they were carrying out high-altitude warfare training, the army said Monday.Army spokesman Jagmohan Brar said the avalanche hit...

Sarah Palin won't rule out 2012 run

2010-02-09 00:00:00

WASHINGTON, Feb 8 (Internet): Fresh off her speech to the Tea Party Convention, former Alaska Governor Sarah Palin Sunday left open the possibility that she would run for president in 2012 and asserted that President Obama would lose if the...

news digest

2010-02-09 00:00:00

Govt deploys 20,000 forces for Thaksin assets ruling BANGKOK, Feb 8 : The Thai government has begun to deploy at least 20,000 extra security forces across the country ahead of a court ruling on the fortune of ousted premier Thaksin...

Aktel to finalise floatation of shares

2010-02-09 00:00:00

FE ReportTan Ghazzali Sheikh Abdul Khalid, chairman of Axiata (Bangladesh) will visit Dhaka Stock Exchange (DSE) today (Tuesday) to discuss about its share flotation on the stock market.His visit came amid huge demand for telecom shares as it has clearly...

Eastland Insurance prize giving ceremony held

2010-02-09 00:00:00

FE ReportA prize giving ceremony of Eastland Insurance Company Ltd was held at Spectra Convention Centre at Gulshan in the city Sunday.Mahbubur Rahman, chairman of the company, chaired the meeting and distributed prizes among the officials and executives for their...

Thrust on strengthening OCAG

2010-02-09 00:00:00

FE ReportThe preparation for the proposed Grant funded project "Strengthening Office of the Comptroller and Auditor General" is going on under the broad umbrella of "Strengthening Public Expenditure Management Program (SPEMP)" funded by Multi Donors Trust Fund. The World Bank...

Taka falls further against dollar

2010-02-09 00:00:00

FE Report Bangladesh taka (BDT) fell further against the US dollar on Monday following a rise in demand for the greenback in the inter-bank foreign exchange market.The US dollar was traded between Tk 69.27 and Tk 69.31 in the foreign...

PPRC holds policy seminar on study findings Thursday

2010-02-09 00:00:00

FE ReportPower and Participation Research Centre (PPRC) has completed a comprehensive study on the state of the economy during this period of global recession with a triple focus on macro, meso and micro trends. A dissemination and policy seminar has...

Mutual Trust Bank distributes loan to soya bean farmers

2010-02-09 00:00:00

FE ReportMutual Trust Bank Ltd (MTB) has distributed agri-loan to soya bean farmers of Haiderganj in Laxmipur district, said a press release. Deputy Managing Director of the bank Md Ahsan-uz Zaman distributed loan sanction letters to soya bean cultivators at...

Dada Factory closed sine die

2010-02-09 00:00:00

SAVAR, Feb 8 (UNB): Dada Factory at old zone in Dhaka Export Processing Zone (EPZ) here was shut down for an indefinite period from Sunday.The authorities suspended workers union president Rahima Begum and general secretary Sumi Akhter in the wake...

RN Spinning makes debut today

2010-02-09 00:00:00

FE ReportThe RN Spinning Mills Limited, acrylic and synthetic yarn manufacturer, will make debut today (Tuesday) on the stock market. The company offered 3.0 million shares for public with the face value Tk 100 each to raise Tk 300 million...

BTRC issues show-cause notice to Citycell for unregistered lines

2010-02-09 00:00:00

FE ReportBangladesh Telecommunication Regulatory Commission (BTRC) Monday issued a show-cause notice to Citycell, asking the mobile operator to explain why it is selling unregistered connections.The regulator's move came, as criminals recently threatened some VVIPs including Prime Minister Sheikh Hasina and...

EBL to sponsor longer version of NCL 2009-10

2010-02-09 00:00:00

Eastern Bank Limited (EBL) will provide longer version of the upcoming National Cricket League (NCL) 2009-10 as the title sponsor, according to a press release.The event will be titled as EBL Longer Version National Cricket League 2009-10.Organised by Bangladesh Cricket...

BP shareholders protest Canadian oil sands project

2010-02-09 00:00:00

OTTOWA, Feb 8 (Bloomberg): BP Plc shareholders put a resolution to the annual meeting on April 15 for a review of the risks of the company's Canadian oil sands project, following a similar protest against competitor Royal Dutch Shell Plc.A...

IDLC Finance opens Narayanganj branch

2010-02-09 00:00:00

FE ReportIDLC Finance Limited, a leading multiproduct financial institution, inaugurated its Naraynganj Branch at Sattar Tower, 50 S. M. Maleh Road, Narayanganj recently.IDLC Finance Limited's Narayanganj Branch will offer a full range of SME, Corporate and Personal finance products including...

Navana Pharma holds scientific seminar

2010-02-09 00:00:00

FE ReportNavana Pharmaceuticals Limited organised a scientific seminar on "The management of Oedema due to renal failure, congestive heart failure and liver disease" at Nachole thana health complex in Chapainawabganj district recently, according to a press release.Dr Sreedhar Kumar Barman,...

IPO Diary

2010-02-09 00:00:00

IFIC Bank 1st Mutual Fund  NameIFIC Bank 1st Mutual FundNature of the fundClose-end Mutual Fund of 10 (Ten) years tenureObjectiveThe objective of the fund is to provide attractivedividend to the units holders by investing the proceeds in the various instruments...

Countrywide Junior Terminal Exam for Class VIII from this year

2010-02-09 00:00:00

Countrywide Junior Terminal Examination (JTE) for Class-VIII students will be held simultaneously across the country with same question paper from this year, reports UNB.Education Minister Nurul Islam Nahid came up with the disclosure at a press briefing at his office...

Adoption of new tech 'to help mitigate climate change impact'

2010-02-09 00:00:00

FE ReportAdoption of new technologies is necessary for the countries like Bangladesh to help mitigate the possible affect of climate change for the sake of ensuring the food security, a visiting top-level executive of a global agri-business company said Monday.Andrew...

Scanty water flow drying up Padma, its tributaries: experts

2010-02-09 00:00:00

RAJSHAHI, Feb 08 (BSS): The scanty water flow had been triggering the drying up process of the mighty Padma and its tributaries causing an adverse impact on environment in the drought-prone Barind tract, experts said. They said the entire northern...