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TOCOM to list first ETFs in Japan's commodity mkt

2010-01-28 00:00:00

TOKYO, Jan 27 (Commodity Online): Tokyo Commodity Exchange, Inc (TOCOM) on Tuesday gave approval to its gold and platinum ETFs for the first time to list on the Osaka Securities Exchange on February 15, 2010.These will be the first Japanese...

JSM closed down for lack of sugarcane

2010-01-28 00:00:00

Our Correspondent JOYPURHAT, Jan 27: Joypurhat Sugar Mill (JSM) was closed down with a loss of Tk 120 million (12 core) in the current season, because of inadequate supply of sugarcane.The sugar mill began its production on December 18 last...

Thailand yet to sell 375,000 tonnes of rice

2010-01-28 00:00:00

BANGKOK, Jan 27 (Commodity Online): World's leading rice exporter, Thailand said it has yet to sell 375,000 tonnes of rice from its stocks after a tender held last week as it believes the bids offered by exporters are unacceptably low.Thailand's...

Kenya tea export earnings up last year

2010-01-28 00:00:00

NAIROBI, Jan 27 (Commodity Online): Africa's leading tea producer, Kenya earned 69 billion shilling through tea exports last year from 62 billion shilling in 2008 despite shrinking volumes.According to Tea Board of Kenya, the reduction in volumes caused by prolonged...

Wheat slips for third day as export competition may hurt US

2010-01-28 00:00:00

SINGAPORE, Jan 27 (Bloomberg): Wheat futures fell for a third day on speculation importers including Egypt will shun shipments from the US, the world's biggest exporter of the grain, in favor of cheaper supplies from nations around the Black Sea.Wheat...

Sugar falls for second day in London

2010-01-28 00:00:00

LONDON, Jan 27 (Bloomberg): White sugar dropped for a second day in London to a one-week low on speculation that Brazilian and European Union supplies may help ease a production deficit.Output in Brazil's Center South, the world's largest sugar- producing...

ICAC to address cotton producers' woes

2010-01-28 00:00:00

WASHINGTON, Jan 27 (Commodity Online): 'Cotton Industry Growth Through Global Unity' is the theme adapted by the Standing Committee of the International Cotton Advisory Committee (ICAC) for its 69th Plenary.The Plenary will be held at the invitation of the Government...

Liquoring types create stronger demand

2010-01-28 00:00:00

Demand for clean liquoring types was stronger this week but plainer varieties were often easier and there were fair withdrawals. Blenders/Packers were quite active with more interest from the Loose tea section of the buyers. There was again no buying...

Rubber declines to four-week low on Chinese demand concern

2010-01-28 00:00:00

TOKYO, Jan 27 (Bloomberg): Rubber declined to the lowest level in four weeks on concern demand for the commodity may weaken as China, the largest user, stepped up measures to slow economic growth. A stronger yen also curbed demand for...

exchange rate

2010-01-28 00:00:00

January 27, Wednesday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Wednesday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.450098.2466112.27510.786366.740565.648363.0060Agrani Bank69.450098.0648112.24370.788866.713965.604062.7647FCBsStanChart69.65101.86113.440.7869.0268.3264.94HSBC 69.529099.6824114.35180.795567.408066.024863.4119Citibank naNANANANANANANABank of Ceylon69.5900100.6715115.11140.809967.985566.200565.5886PCBsUttara Bank69.500098.6717112.57340.794566.539265.666462.8758AB Bank69.500099.8809113.86160.7971NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Koreas exchange fire near disputed border

2010-01-28 00:00:00

SEOUL, Jan 27 (AP): North Korea fired artillery and South Korea responded with warning shots along their disputed western sea border Wednesday, but there were no reports of casualties and the North vowed more barrages would follow as part of...

German envoys involved in Iran Ashura riots

2010-01-28 00:00:00

TEHRAN, Jan 27 (AFP): German diplomats had a hand in riots in Iran last month during the Shiite commemoration of Ashura, local news agencies reported Wednesday quoting an unnamed deputy intelligence minister.The official IRNA news agency reported that the deputy...

Two killed in Lankan post-poll violence

2010-01-28 00:00:00

COLOMBO, Jan 27 (AFP): A Buddhist monk and another man were killed in a grenade attack on a temple in Sri Lanka's central town of Gampola Wednesday as presidential election results were being released, the police said.Police spokesman IM Karunaratne...

Rescuers pull survivor from Haiti quake rubble

2010-01-28 00:00:00

PORT-AU-PRINCE, Jan 27 (AFP): Stunned rescuers wrenched a survivor from the rubble after 12 days entombed in Haiti's quake-ravaged capital, where desperate crowds clamoured Wednesday for more and quicker relief.Dehydrated, covered in dust and with a broken leg, the 31-year-old...

Blair to return to UK politics for election

2010-01-28 00:00:00

LONDON, Jan 27(AFP): Former prime minister Tony Blair is to make his first return to British politics since stepping down to campaign for the ruling Labour party in an upcoming general election, a newspaper reported Wednesday. "We want all the...

Obama approves secret operations in Yemen

2010-01-28 00:00:00

WASHINGTON, Jan 27 (Reuters): President Barack Obama approved secret joint US military and intelligence operations with Yemeni troops that began six weeks ago and killed six regional al Qaeda leaders, The Washington Post reported.Obama approved a December 24 strike against...

Four in five Germans oppose Afghanistan troop hike: poll

2010-01-28 00:00:00

BERLIN, Jan 27 (AFP): Nearly 80 per cent of Germans oppose Berlin's plans to hike the number of troops in Afghanistan, according to a poll released Wednesday on the eve of a major international conference.Four out of five Germans said...

Taliban kill militia leader in NW Pakistan

2010-01-28 00:00:00

KHAR, Pakistan, Jan 27 (AFP): Taliban fighters have killed a pro-government militia leader in northwest Pakistan's Bajaur district, where helicopters have been shelling insurgent hideouts, officials said Wednesday.The body of Malik Manaris Khan (47) was found riddled with bullets early...

news digest

2010-01-28 00:00:00

Australia to protest death sentence in Kabul SYDNEY, Jan 27: Australia said Wednesday it would make 'vigorous' representations to Kabul against the death sentence handed down to one of its citizens for murdering an Afghan security guard. The 38-year-old, named...

Subscription begins Jan 31

2010-01-28 00:00:00

Raihan M ChowdhuryThe five-day long subscription of 'ACI 20% Convertible Zero Coupon Bonds', to be traded on the stock exchanges begins January 31."We hope trading of the instrument on the bourses will begin by March 15 after completing all formalities...

BLFCA hands over sponsor money of SA Games to Muhith

2010-01-28 00:00:00

FE ReportBangladesh Leasing and Finance Companies Association (BLFCA) has contributed Taka twenty one million & two hundred fifty thousand as donation to S A Games Dhaka 2010.The cheques were handed over to Mr. Abul Mal Abdul Muhith, MP Minister, Ministry...

Stock dividends, rights galore in 2009

2010-01-28 00:00:00

Kayes M SohelThough Dhaka Stock Exchange (DSE) saw an influx of shares in the forms of stock dividends and right shares in 2009, it was lower than expectation due to the global economic downturn, said analysts. They said most of...

Bangladesh Clothing Show begins in London May 28

2010-01-28 00:00:00

FE ReportGenX UK Limited is organizing a 2-day long event "Bangladesh Clothing Show 2010" from May 28 to 29 in London.The Show is aimed to promote Bangladeshi garment in Europe and also to bring the buyers, sellers and designers together...

Steel Mill Owners Assoc meet held

2010-01-28 00:00:00

FE ReportThe country's revenue collection from steel and re-rolling products has increased by 17.14 per cent during the July- December of the current fiscal year compared to 2008-09 fiscal year, a press release said.Bangladesh Steel Mill Owners Association (BSMOA) and...

Cos' online registration with RJSCF falls flat as middlemen still active

2010-01-28 00:00:00

Jasim Uddin Haroon Businesses seeking to register with the Registrar of Joint Stock Companies and Firms (RJSCF) continue to suffer as usual despite introduction of the online system a year earlier as middlemen are very active there.Businessmen alleged that their...

Toyota keen to invest in EPZs

2010-01-28 00:00:00

A delegation of Toyota Tsusho Corporation expressed their keen interest to invest in the export processing zones (EPZs) of Bangladesh, according to a press release.The interest was expressed when a three-member investment delegation from Toyota Tsusho Corporation led by its...

DHL pumps in $10m to enhance its logistics

2010-01-28 00:00:00

FE ReportThe world renowned air freighter, DHL, announced a new joint venture investment of US$10 million over the next few years to enhance its logistic capabilities in the country.DHL and its long time local associate, Trade Clippers Cargo Ltd, formed...

Rupali Ins holds annual confce

2010-01-28 00:00:00

FE ReportEmployees of Rupali Insurance Company Limited (RICL) have been urged to keep contact with the clients and improve quality of service delivery for the development of insurance industry and prompt and expeditious settlement of claims. RICL Chairman Mostafa Golam...

Gopal new chairman, Sarwar secy ofCtg ICAB

2010-01-28 00:00:00

Gopal Bijoy Singh and Sarwar Uddin have recently been elected chairman and honorary secretary of the Chittagong regional committee of the Institute of Chartered Accountants of Bangladesh (ICAB) respectively, according to a press release. Mr Gopal obtained his Master degree...

Indian bonds down

2010-01-28 00:00:00

NEW DELHI, Jan 27 (Bloomberg): India's 10-year bonds declined, with yields at the highest level in a week, as economists forecast the central bank will ask lenders to set aside more funds as reserves at a quarterly meeting this week.The...