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Barack Obama's darkest hour

2010-01-31 00:00:00

Fazal M. KamalTHE United States Supreme Court judgment that overturned a century-old ruling on election campaign financing is being viewed by many in this country as a pernicious step backward. President Barack Obama himself has called it "devastating" and as...

Tony has no regret

2010-01-31 00:00:00

Maswood Alam KhanWhile testifying in front of an official inquiry into Britain's role in the Iraq conflict, former British Prime Minister Tony Blair said last Friday he would 'take the same steps again to counter what he portrayed as a...

Missing enforcement of a vital legislation

2010-01-31 00:00:00

Ferdous AlamFirst of all, the legislation has a long and harried history. It was conceived from greater consumer awareness and media pressures amid mounting agonies faced by all kinds of deceits and exploitation in the wide ranging areas of consumption...

HK, China stocks fall on Beijing tightening woes

2010-01-31 00:00:00

HONG KONG/SHANGHAI, Jan 29 (Reuters); Hong Kong shares posted their worst monthly percentage fall in 15 months Friday, as investors dumped Chinese banks on wariness over Beijing's moves to curb lending growth.But Li & Fung outperformed with a 10.22-per cent...

Prime Insurance holds annual conference

2010-01-31 00:00:00

FE Report Prime Insurance Company Limited (PICL) held its annual branch conference at the company's head office in the city recently, said a press release. PICL Chairman Ferdous Amin was present at the conference as the chief guest. Chaired by...

Late buying pushes KSE index up

2010-01-31 00:00:00

KARACHI, Jan 30 (Business Recrder): Late buying in some selective stocks Friday supported the KSE-100 index to close in green at 9,614.19 points level with a net gain of 34.38 points. The market witnessed highly volatile activity with the index...

Wipro to give India staffers 9.0pc pay hike

2010-01-31 00:00:00

BANGALORE, Jan 30 (Business Standard): Wipro Technologies, the country's third largest information technology services company, is giving all its employees in India a pay raise from February. This will also apply to those working temporarily on onsite (with foreign clients)...

Walton LCD TV sale rises at DITF

2010-01-31 00:00:00

FE Report Walton, an electronic home appliance brand of RB Group, is the top seller of its Liquid Crystal Display (LCD) television at the Dhaka International Trade Fair (DITF). Hundreds of people are thronging different pavilions everyday to buy LCD...

Toyota head apologises for huge recall

2010-01-31 00:00:00

TOKYO Jan 29 (Reuters): Toyota Motor Corp's president, Akio Toyoda, has apologised for a recall of millions of the top automaker's vehicles around the world, Japanese broadcaster NHK said Saturday."We're extremely sorry to have made customers uneasy," Toyoda was quoted...

Vatika looks to raise Rs 10b from IPO

2010-01-31 00:00:00

NEW DELHI, Jan 30 (Economic Times): Real estate company Vatika Group plans to raise up to Rs 10 billion from an initial public offering (IPO) in May by selling around 20 per cent stake, joining a parade of developers looking...

Economy concerns, stronger dollar hit commodity prices

2010-01-31 00:00:00

LONDON, Jan 30 (AFP): Commodity prices mainly fell this week on worries about the global economic outlook but sugar rocketed to a multi-year high on tight supplies, traders said. Markets are worried about possible moves by Beijing to rein in...

Cotton has longest slide in 16 months

2010-01-31 00:00:00

NEW YORK, Jan 30 (Bloomberg): Cotton prices fell, capping the longest slide in 16 months, on sales by speculators amid concern that US banks may reduce commodity trading.President Barack Obama has called for limits on risk-taking by banks. The Reuters/Jefferies...

Managers urged to increase agro-based loan disbursement

2010-01-31 00:00:00

Our CorrespondentBRAHMANBARIA, Jan 30: The branch managers and field officers of Bangladesh Krishi Bank (BKB) have been urged to increase the agro-based loan disbursement for developing crop, hatchery, dairy, poultry and import-oriented spices crops. BKB General Manager for Comilla divisional...

A rare feat of Gopalganj farmer

2010-01-31 00:00:00

Our CorrespondentGOPALGONJ, Jan 30: Sushanta Biswas (Ranga), who was once a jobless and frustrated folk in his vicinity, has been able to change his lot only by dint of hard-work and strong will power.Biswas (40), son of a poor peasant...

China warns US over proposed arms sales to Taiwan

2010-01-31 00:00:00

China has expressed its anger over a proposed US weapons sale to Taiwan worth $6.4bn (£4bn), which includes helicopters and defensive missiles, reports BBC.Chinese Vice-Foreign Minister He Yafei said the move would have a "serious negative impact" on co-operation between...

Taliban squad seizes hotel in Helmand

2010-01-31 00:00:00

KABUL, Jan 30 (Reuters): A Taliban suicide squad seized a hotel in Helmand Friday, triggering gun battles with security forces in the capital of the British-garrisoned province.Just a day after the London summit on Afghanistan, gunmen wearing suicide vests occupied...

Bomb blast in NW Pakistan kills 14

2010-01-31 00:00:00

PESHAWAR, Jan 30 (Reuters): A suspected suicide car-bomber set off his explosives near a security check-post in the northwestern Pakistani region of Bajaur Saturday killing 14 people, police said.Pakistani security forces have in recent days stepped up operations against militants...

Iraq inquiry: Families of fallen soldiers accuse Tony Blair

2010-01-31 00:00:00

Families of the soldiers killed in Iraq accused Tony Blair of failing to justify his decision to go to war after his appearance at the Chilcot inquiry, reports BBC.Twenty relatives of those killed in the conflict were given seats at...

news digest

2010-01-31 00:00:00

Ex-rebel Mujica wins Uruguay presidential vote MONTEVIDEO, Nov 30: Jose Mujica, a leftist former rebel, was declared the winner Sunday of a presidential runoff vote in Uruguay after his opponent ex-president Luis Lacalle conceded defeat. The co-founder of the radical...

RAK Ceramics to float shares within next three weeks

2010-01-31 00:00:00

FE ReportRAK Ceramics, a Bangladesh-UAE joint venture, has started process under book-building method to hit the country's stock market.It is the first company, which will make debut on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), using such modern...

Southeast Bank holds business policy, managers' confce

2010-01-31 00:00:00

Southeast Bank Limited held its Business Policy and Managers' Conference - 2010 at Bangabandhu International Conference Centre at Sher-E-Bangla Nagar in the city recently. Alamgir Kabir, chairman of the Bank, inaugurated the conference as the chief guest, said a press...

Chinese assistance sought in infrastructure development

2010-01-31 00:00:00

FE ReportMr. Annisul Huq, newly-elected President of SAARC Chamber of Commerce and Industry (SAARC CCI) said the miraculous economic development of China could be beneficial to South Asian economies provided compatible measures to enhance bilateral trade and investment are taken...

Netherlands keen to work with Bangladeshi shipbuilding industry

2010-01-31 00:00:00

The Netherlands expressed its keen interest to work together with Bangladesh for expansion of shipbuilding industry, when the world's shipbuilding industry faces setback due to the financial crisis, reports BSS.The interest has shown at a 'matchmaking seminar' for 'Shipbuilding Sector...

Ctg shop owners demand eviction of hawkers from footpath

2010-01-31 00:00:00

CHITTAGONG, Jan 30 (BSS): Shop owners in Chittagong city urged the authorities concerned to evict, what they said, illegal hawkers from the footpaths within next 48 hours and arrest those who attacked businessmen recently.They placed the demands at a press...

RMG products in Rangpur being exported to India

2010-01-31 00:00:00

Our CorrespondentRANGPUR, Jan 30: Ready-made garment (RMG) products in the city are now being exported to India taking advantage of the agreement on South Asian Free Trade Area (SAFTA).Tariqul Islam, along with his two friends -- Mominur Rahman and Barkotullah,...

Apollo Hospitals signs deal with ACI

2010-01-31 00:00:00

FE ReportThe first and only JCI accredited tertiary care hospital of the country Apollo Hospitals Dhaka signed a corporate agreement with ACI Limited to provide priority corporate benefits and medical services to their employees recently, according to a press release.Apollo...

Fariduddin new MD of Phoenix Ins

2010-01-31 00:00:00

FE ReportFariduddin Khan Siddiqui has recently joined Phoenix Insurance Company Limited as managing director (MD), said a press release. Prior to joining the Phoenix Insurance, Mr Siddiqui was additional managing director of Karnaphuli Insurance.He is a Master's in Economics from...

IPO Diary

2010-01-31 00:00:00

ACI 20pc Convertible Zero Coupon BondsSubscription OpenJanuary 31, 2010Subscription CloseFebruary 04, 2010For Non resident BangladeshisJanuary 31, 2010 to February 13, 2010Total Issue Size1,335,850 Convertible Zero Coupon Bonds ofTk 1,000 each totaling Tk 1,335,850,000.Private Placement801,510 Convertible Zero Coupon Bonds of Tk...

Choosing companions carefully for success in academics and career

2010-01-31 00:00:00

FE SpecialWHAT a student will be in his or her later life depends on, to a great extent, what type of companions he or she maintains. The selection of companions, for that matter, is important for one for what one...

Spread your time between all subjects every day

2010-01-31 00:00:00

FE Special THE success of a student depends on how much alert and hard-working he or she has been throughout the semester/year. Just like a warrior has to be careful in the battle field, a student needs to be very...