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3 Somali cabinet ministers die in bomb blast

2009-12-04 00:00:00

MOGADISHU, Dec 3 (AP): An explosion ripped through an upscale hotel in Somalia's capital Thursday during a university graduation ceremony, killing three government Cabinet ministers and six others, officials said. Two journalists were among the dead. More than three dozen...

Victims of Bhopal gas tragedy demand clean-up

2009-12-04 00:00:00

BHOPAL (India), Dec 2 (AP): Hundreds of people marched through Bhopal with torches before dawn Thursday to mark the 25th anniversary of the world's worst industrial disaster and demand the cleanup of toxic chemicals they say still contaminate the Indian...

Chechen rebels claim Russian train bombing

2009-12-04 00:00:00

MOSCOW, Dec 2 (AP): Chechen rebels claimed responsibility Wednesday for last week's Russian train bombing, which killed at least 26 people and injured scores of others, a Web site sympathetic to the militants said.The claim, posted on the Kavkazcenter.com site,...

Obama borrows Soviet's Afghan endgame

2009-12-04 00:00:00

MOSCOW, Dec 2 (AP): The US-led war in Afghanistan bears ominous similarities to the disastrous Soviet war there 20 years ago, when a modern army was humbled by small guerrilla bands and the invaders struggled to prop up an unpopular...

Pakistanis kill 15 militants in separate clashes

2009-12-04 00:00:00

KHAR, Dec 3 (AP): Pakistani security forces have killed 15 militants, including a senior commander, in separate clashes as they seek to rout the Taliban from strongholds in the country's northwest, officials said Thursday.The deadliest fighting was in Swat Valley,...

Anti-war protest outside White House

2009-12-04 00:00:00

WASHINGTON, Dec 2 (AFP): A handful of anti-war protesters marched outside the White House Tuesday, carrying a coffin to symbolise the demise of health and education reforms sacrificed to a military escalation in Afghanistan. Dressed in black, in mourning for...

Clash with gunmen in south Iran kills 4 policemen

2009-12-04 00:00:00

TEHRAN, Dec 3 (AP): An Iranian government-owned newspaper says a clash with armed drug smugglers in southern Iran left four policemen dead.The IRNA daily says gunfire erupted after police stopped a truck with smugglers on Wednesday morning in Manoujan district,...

Balance of payments continues to maintain surplus in Q1

2009-12-04 00:00:00

Siddique Islam The country's overall balance of payments continued to maintain a surplus position during the first quarter (Q1) of this fiscal mainly due to higher surplus in current account balance, officials said. The current account balance recorded a larger...

BB Governor for long-term CSR planning

2009-12-04 00:00:00

FE ReportOrganisations should come up with long-term corporate social responsibility (CSR) plans to invest in productive sectors like education and health, said Bangladesh Bank Governor Dr Atiur Rahman on Thursday."The firms' CSR activities are confined to relief work in catastrophes...

Prime Bank holds officers' workshop

2009-12-04 00:00:00

FE ReportHuman resources division of Prime Bank Ltd organised a four-day workshop on 'Understanding Customer Expectation and Perception of Banking Services and Prospects of Retail Banking in Bangladesh' for its officers in the city recently. Officers of different levels of...

Lack of online banking facilities affects delivery of refund warrants

2009-12-04 00:00:00

FE ReportSome unsuccessful applicants are yet to receive refund warrants of the newly listed issues due to absence of online facilities in some banks, officials involved with the IPO process told the FE Thursday.The Securities and Exchange Commission (SEC) notification,...

European shares rise in early trade, banks gain

2009-12-04 00:00:00

LONDON, Dec 3 (Reuters): European shares rose in early trade Thursday, building on gains in the previous two sessions, with banks up after Bank of America said it would repay government debt.At 0810 GMT, the FTSEurofirst index of top European...

ICB AMCL announces net asset value of two unit funds

2009-12-04 00:00:00

ICB Asset Management Company Limited (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has announced Total Net Asset Value (NAV) of two of its unit funds recently.The total NAV of ICB AMCL Unit Fund stood at Tk 1,146,432,359.16...

Mamdudur Rashid joins BRAC Bank as DMD

2009-12-04 00:00:00

Mohammad Mamdudur Rashid has joined BRAC Bank recently as Deputy Managing Director.Prior to joining BRAC Bank, Mamdud was the Regional Head of Planning and Analysis for Citibank-Australia and New Zealand region for its institutional banking business. He brings over 19...

American, TPG offer $1.1b to JAL to block Delta

2009-12-04 00:00:00

TOKYO, Dec 3 (Reuters): American Airlines said it and other members of the Oneworld airline alliance along with private equity fund TPG are willing to invest $1.1 billion in Japan Airlines to prevent it defecting to Delta Air Lines and...

CBC MD due next week

2009-12-04 00:00:00

Commercial Bank of Ceylon (CBC) Managing Director AL Gooneratne will visit Dhaka next week, said a press release.He will preside over the official opening of two new SME centres in Dhaka and will also launch credit card.

IPO lottery draw of Golden Son Dec 10

2009-12-04 00:00:00

FE ReportThe IPO lottery draw of Golden Son Limited will be held on December 10, subject to approval of the Securities and Exchange Commission (SEC), the company sources said.The draw will be started at 11 am at city's Officers' Club,...

Govt likely to review BKMEA's demand for 10pc cash incentive on electricity bill

2009-12-04 00:00:00

Monira MunniThe government is likely to review the knitwear leaders' demand of ten per cent cash incentive on their electricity bill of the current fiscal year, Finance Minister AMA Muhith said. "The government will consider the demand to help boost...

Berger opens five vehicle re-finish dealers' outlets

2009-12-04 00:00:00

FE ReportBerger Paints (BD) Ltd has inaugurated five new vehicle re-finish dealers' outlets to market the world number one vehicle re-finish brands (NEXA Autocolour, Bilux and V-Fleet) in the country. Managing Director of Berger Paints (BD) Ltd Rupali Chowdhury inaugurated...

Asian stocks climb to 15-month high

2009-12-04 00:00:00

TOKYO, Dec 3 (Bloomberg): Asian stocks rose, driving the MSCI Asia Pacific Index to a 15-month high, as a weaker yen boosted Japanese exporters and the Federal Reserve said the US economy improved. Sony Corporation, which gets 23 per cent...

Germany 'faces new credit crunch': Economy Minister

2009-12-04 00:00:00

Germany's Economy Minister Rainer Bruederle has warned that German firms face another credit crunch if the country's banks do not lend more, reports BBC.In a television interview he said, "They should be giving out more credit. If they don't do...

Eurozone inflation turns positive after 7 months

2009-12-04 00:00:00

The eurozone has seen consumer prices rise for the first time in seven months, official figures have shown, reports BBC.Prices rose by 0.6 per cent in the 12 months to November, the European Union's Eurostat agency said.That marks a turnaround...

IPO Diary

2009-12-04 00:00:00

Prime Bank 1st ICB AMCL Mutual FundNature of the fundClose-end Mutual Fund of 10 (ten) years tenureSubscription OpenDecember 06, 2009Subscription CloseDecember 10, 2009For Non resident BangladeshiDecember 06, 2009 to December 19, 2009Offer Price (in Taka)Tk. 10.00 per unitFace Value (in...

Sehwag, Vijay pulverise Sri Lanka

2009-12-04 00:00:00

MUMBAI, Dec 3 (AFP): Virender Sehwag smashed a scintillating unbeaten double century as India turned the tables on Sri Lanka in the third and final cricket Test Thursday.Sehwag made 284 not out to lift the hosts to 443-1 by stumps...

Premier Div Cricket League begins today

2009-12-04 00:00:00

After a 10-day recess, the 10th round of the metropolis Premier Division Cricket League resumes today (Friday) with three matches slated on the day, reports UNB.On the day, Abahani Limited takes on Mohammedan SC at the Sher-e-Bangla National Stadium, Surjotarun...

Host looking forward to winning start

2009-12-04 00:00:00

Host Bangladesh is looking forward to make a winning start against Bhutan in their inaugural match of the SAFF Championship while Bhutan on the other hand will be happy if they can force host to share points at the Bangabandhu...

Ispahani Group event sponsor of Premier League

2009-12-04 00:00:00

Ispahani Group again extended their helping hand becoming the Event Sponsor in the middle of ongoing Ispahani Tea Dhaka Premier League 2009-10 that resumes today (Friday) after a 10-day break for Eid-Ul-Azha, reports UNB.They would give Tk 2.5 million (25...

Asian Games Co-host Cities Ready for Nov 2010 Games

2009-12-04 00:00:00

GUANGZHOU, China - December 3: The 16th Asian Games (www.gz2010.cn/en), part of the worldwide Olympic movement and governed by the Olympic Council of Asia (OCA) is reporting that co-host cities Foshan, Dongguan and Shawei will be ready for the Games...

Barca go five clear with Xerez win

2009-12-04 00:00:00

MADRID, Dec 3 (AFP): Barcelona and their new Ballon D'Or victor Lionel Messi moved five points clear of Real Madrid at the top of the Spanish league with goals from Thierry Henry and Zlatan Ibrahimovic sealing a 2-0 win at...

England cricketer Vaughan aims to bowl over art world

2009-12-04 00:00:00

LONDON, Dec 3 (AFP): First it was tennis legend Martina Navratilova, and now former England cricket captain Michael Vaughan is using his sporting skills to produce art. Vaughan, who led England to Ashes glory in 2005, has created a series...