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The drive against corruption

2010-01-22 00:00:00

BANGLADESH, like other countries, observed the World Anti-corruption Day last month with all the enthusiasm and fanfare. The emergency caretaker government's anti-corruption drive lost credibility due to its excesses. The reckless actions of the caretaker administration, using draconian emergency powers,...

Haiti disaster

2010-01-22 00:00:00

The disasters on the water and land are the results of the activities done by humans. The recent devastating earthquake in Haiti is indeed one of them. All of us should take a lesson from this incident. We know that...

HIGHLIGHTS

2010-01-22 00:00:00

Lift Kara De On SONY Ent TV (SET) Friday at 8-30 pm.How many times in life have you thanked that one person, who came at the right time to give the much required boost in your hindered existence? How often...

Friday

2010-01-22 00:00:00

ATN Banglaam07:00 Sangbad07:30 Positive Bangladesh08:00 Sangbad08:15 Ajker Sangbadpatra08:30 Islam Ki Bole Amra Ki Kori09:00 News Bulletins09:20 BCS IT Zone10:00 Sangbad10:30 ATN Rannaghar11:05 Youth Parliament12:00 Sangbad01:00. Atn News 02:00 Sangbad02:30 Islami Program03:00 News03:15 Bangali Film- Tomar Jonno Pagol04:00 News05:00 Gram Ganger...

China growth worries weigh on emerging stocks

2010-01-22 00:00:00

LONDON, Jan 21 (Reuters): Developed and emerging equity markets diverged Thursday with the latter falling on worries China will take more measures to temper growth after reporting its fastest quarterly growth in two years.Bourses in Europe and Japan, however, put...

KSE index loses 49.67 points

2010-01-22 00:00:00

KARACHI, Jan 21 (Business Recorder): After opening in positive, the Karachi share market witnessed support at low levels during mid-session, and KSE-100 index once again breached 10,000 psychological level Wednesday. However, the index closed at 9,904.74 points level, with a...

ICICI Bank Q3 net falls 13.4pc

2010-01-22 00:00:00

BANGALORE, Jan 21 (Economic Times): ICICI Bank, India's No 2 lender, reported a smaller-than-expected 13.4 per cent drop in quarterly net profit, as demand for retail loans helped offset the impact of a drop in treasury income. ICICI said its...

Russian rly may seek $4b from units' IPOs

2010-01-22 00:00:00

HONG KONG, Jan 21 (Bloomberg): OAO Russian Railways, operator of the world's longest rail network, may seek to raise as much as $4 billion from proposed initial public offerings of two units. The state-owned company is seeking dual listings of...

Mercedes Benz denies losing out to BMW in India

2010-01-22 00:00:00

MUMBAI, Jan 21 (Economic Times): Close on the heels of the Auto Expo in New Delhi, Mercedes Benz introduced two new engine variants of their premium E-Class sedan Wednesday.Speaking to TOI, Wilfried Aulbur, MD and CEO of Mercedes-Benz India, dismissed...

Brazil Q1 IPO requests may increase to 10

2010-01-22 00:00:00

SAO PAULO, Jan 21 (Bloomberg): Brazil companies may file as many as 10 requests for initial public offerings this quarter, according to Shearman & Sterling LLP, a New York-based law firm involved in about half the IPOs in Latin America's...

Sensex breaches 17100, capital goods, power fall

2010-01-22 00:00:00

MUMBAI, Jan 21 (Economic Times): Equities were witnessing across the board selling activity as investors booked profits following bearish sentiments in Asian markets. Larsen & Toubro and BHEL were down post reporting third quarter results. At 2:28 pm, Bombay Stock...

Asia's waste to energy to witness rapid growth

2010-01-22 00:00:00

SINGAPORE, Jan 21 (Commodity Online): The breakneck pace of industrialisation in the Asia Pacific has brought in its wake increased quantities of waste and a spurt in energy costs, population, and greenhouse gas emissions. Landfill disposal and incineration do not...

New generation averse to farming in India

2010-01-22 00:00:00

NEW DELHI, Jan 21 (Commodity Online): With population pressure multiplying on the earth, there is a rising tension, more dangerous than the IPCC (Intergovernmental Panel on Climate Change) style global warming - and that is drop in global farm production.Every...

Emirates and Visa offer free tourist visas during Dubai Festival

2010-01-22 00:00:00

Emirates and Visa team offered one month's tourist visas for free for traveling on Emirates and paying with their Visa credit card, debit card or prepaid card in the UAE to experience the excitement of the Dubai Shopping Festival (DSF)...

Industrial metals’ prices to climb 15.0 pc

2010-01-22 00:00:00

SEOUL, Jan 21 (Bloomberg): South Korea, Asia's third-biggest buyer of base metals, forecast that average prices may gain by more than 15 per cent in 2010 as the global economy recovers, and said it plans a further boost to the...

Commodity price may drop 9.0 pc by March

2010-01-22 00:00:00

CHICAGO, Jan 21 (Bloomberg): A measure of commodity prices slipped below its 40-day moving average Wednesday, which may signal a decline of as much as 9 per cent by March, said Paul Hare, a technical analyst with the Linn Group...

Potato cultivation hampered in Rajshahi

2010-01-22 00:00:00

Our CorrespondentRAJSHAHI, Jan 21: Hundreds of Potato farmers of Rajshahi district are worried not to get a good yield due to bitter cold, low-quality seeds and adulterated insecticides.According to the Department of Agricultural Extension (DAE) sources, in the current season...

World's first collection of shoes made of glass

2010-01-22 00:00:00

LOS ANGELES, Jan 21 (Commodity Online): The world's first collection of shoes made of glass will be debuted at a champagne reception on January 29, 2010 from 6pm-9pm on the rooftop patio of the Q by Pasquale Studio at 5616...

Euro sinks to five-month low after Chinese data

2010-01-22 00:00:00

TOKYO, Jan 21 (AFP): The euro fell to a new five-month low against the dollar in Asian trade Thursday as worries that China will take fresh steps to cool its economy reduced demand for risk-sensitive currencies. The European unit dropped...

Gold remains under pressure in Asia

2010-01-22 00:00:00

SINGAPORE, Jan 21 (Commodity Online): Gold prices remained under pressure in Asian trade Thursday as the threat of tighter Chinese monetary policy supported the dollar as a safe haven.Spot gold was at $1,111.10 an ounce at 11.30 am Singapore time,...

Nickel on recovery path in January

2010-01-22 00:00:00

SYDNEY, Jan 21 (Commodity Online): Nickel prices are heading north continuously this week following various news that demand for nickel will soar in the coming days whereas the production of the commodity may suffer in the coming days.However, Australia's second-largest...

exchange rate

2010-01-22 00:00:00

January 21, Thursday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Thursday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.450098.3722113.24980.766366.798066.734263.6481Agrani Bank69.450098.2314113.18130.768466.777566.710363.5287FCBsStanChart69.65101.86113.440.7869.0268.3264.94HSBC 69.5280100.3084114.99170.784767.633467.537064.5178Citibank naNANANANANANANABank of Ceylon69.5400100.5366115.99540.788368.049767.253466.2090PCBsUttara Bank69.500098.8322113.55060.774566.733666.733663.6576AB Bank69.5000100.0196114.81860.7776NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Calm restored in Nigeria's Jos, curfew relaxed

2010-01-22 00:00:00

JOS, (Nigeria), Jan 21 (Reuters): Nigerian authorities relaxed a 24-hour curfew in the central city of Jos on Thursday to allow thousands of residents to return to their homes following religious clashes that killed hundreds.The strong presence of troops and...

Gates warns of dangers in Pakistan militant havens

2010-01-22 00:00:00

ISLAMABAD, Jan 21 (AFP): US Defence Secretary Robert Gates warned Thursday that Taliban safe havens along the Pakistan-Afghanistan border must be tackled or both nations would suffer "more lethal and more brazen" attacks.Writing in Pakistan's The News at the start...

US to increase troops in Haiti as rescue teams pull back

2010-01-22 00:00:00

PORT-AU-PRINCE (agencies): The US is sending another 4,000 sailors and marines to Haiti for the earthquake relief effort, diverting them from deployments in the Gulf and Africa, reports BBC.The 24th Marine Expeditionary Unit and USS Nassau Amphibious Ready Group would...

news digest

2010-01-22 00:00:00

Yemen halts entry visas at airports over Qaeda threatSANAA, Jan 21 : Yemen announced Thursday that it would stop granting entry visas to travellers at the country's international airports in order to "halt terrorist infiltration," the Saba state news agency...

Thrust on business-friendly approach in governing telecom sector

2010-01-22 00:00:00

FE ReportThe existing laws and regulations governing the country's telecom industry should be liberalized to attract more foreign investment in the sector, Post and Telecommunications Minister Raziuddin Ahmed Raju said Thursday. Terming certain provisions of the current set of telecom...

MCCI hails govt step to allow farmers open accounts by depositing Tk 10

2010-01-22 00:00:00

FE ReportThe MCCI hailed the government's initiative to allow cash-starved farmers open accounts with state-owned banks by depositing Tk 10 only.M Anis Ud Dowla, president of Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) in a statement said "Easy access...

Southeast Bank holds w'shop on remittance payment system

2010-01-22 00:00:00

FE ReportA workshop on 'Remittance Payment System' was organised for the officers of Southeast Bank Ltd at the bank's training institute in the city recently.M Serajul Islam, executive director of the bank, inaugurated the workshop as the chief guest.Mr Islam,...

Minimum IPO offloading not applicable to MFs with trust deeds approved: SEC

2010-01-22 00:00:00

FE ReportThe mutual funds (MFs), trust deeds of which were approved before November 5 last, will not come under the purview of the finance ministry's decision that a mutual fund must offload minimum 50 per cent of its units through...