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Thanksgiving week-end provides longest break to American people

2009-12-02 00:00:00

Fazle RashidThe Thanksgiving week-end in the United States, that begins on the last Thursday in November every year, provides the longest break to people, a four-day recess to allow them to join their parents for the brunch with a roast...

A safe abode eludes Rohingya

2009-12-02 00:00:00

Nurul IslamTHE long historical background of Arakan claims the existence of the world's most oppressed ethnic minority, Rohingya Muslims.The Rohingyas are Muslims from the Mayu frontier area, the Buthidaung and Maungdaw township in the isolated province of Rakhine in western...

Asian shares end higher as Dubai fears fade, financial stocks up

2009-12-02 00:00:00

SINGAPORE, Dec 1 (Dow Jones): Financial stocks were among the biggest winners in a broad Asian stock market rally Monday following Friday's sharp selloff, as investors found refuge in reassurance by the United Arab Emirates' central bank that it would...

Maruti, Hyundai record highest cumulative sales in Nov

2009-12-02 00:00:00

NEW DELHI, Dec 1 (The Economic Times): Car majors Maruti Suzuki and Hyundai Motor India Ltd have registered record cumulative sales for the month ending November 30, 2009. The cumulative sales of HMIL accounted for 55,265 units which reflect a...

IGI Islamic Income Fund launched

2009-12-02 00:00:00

LAHORE, Dec 1 (Business Recorder): IGI Funds Limited, the Asset Management Company of IGI Financial Services and Packages Group has launched the 'IGI Islamic Income Fund' and the IPO dates for the fund would be December 1-3, 2009. This latest...

China's Zijin bids $498m for Australia's Indophil

2009-12-02 00:00:00

MELBOURNE, Dec 1 (Reuters): Zijin Mining Group Co, China's largest listed gold company, has offered $498 million for Indophil Resources NL, chasing the Australian miner's one-third stake in a big copper and gold lode in the Philippines.In the latest swoop...

GE, Vivendi near NBC Universal deal

2009-12-02 00:00:00

NEW YORK, Dec 1 (CNNMoney.com): General Electric is close to clearing a major hurdle in its path to sell control of entertainment giant NBC Universal to Comcast, according to published reports Monday.GE has reached a tentative deal to buy Vivendi...

China may beat India in gold consumption

2009-12-02 00:00:00

BEIJING, Dec 1 (Commodity Online): China is showing an unending appetite for the yellow metal and its production is set to record a new high this year.According to newspaper reports, the country's gold demand might be more than 450 tonnes...

Oil flat in Asian trade

2009-12-02 00:00:00

SINGAPORE, Dec 1 (AFP): Oil was relatively flat in Asian trade Tuesday after overnight gains on upbeat US business data that boosted economic recovery hopes, as fears over Dubai's debt problems receded, analysts said. New York's main contract, light sweet...

Yen softens in Asian trade as investor jitters ease

2009-12-02 00:00:00

TOKYO, Dec 1 (AFP): The yen softened against the dollar and euro in Asian trade Tuesday on profit-taking as fears over a default crisis in Dubai eased and ahead of a central bank meeting in Tokyo, dealers said. Investors were...

Rubber advances as Yen declines

2009-12-02 00:00:00

TOKYO, Dec 1 (Bloomberg): Rubber advanced as a drop in Japan's currency against the dollar raised the appeal of yen-based contracts and as shippers in Thailand increased prices after rain and flooding curbed production.Futures in Tokyo gained as much as...

Copper may decline for first time

2009-12-02 00:00:00

SINGAPORE, Dec 1 (Bloomberg): Copper may drop for the first time in three days on concern a recent rally was excessive amid rising global inventories and as the dollar advanced against the yen after the Bank of Japan said it...

exchange rate

2009-12-02 00:00:00

December 01, Tuesday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Tuesday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.4500104.7936114.40550.806669.470766.133564.0390Agrani Bank69.3500102.6051111.16000.794267.597065.992162.6260FCBsStanChart69.50106.25116.140.8371.1967.1265.17HSBC 69.4710106.9715118.04860.844270.435166.661565.0254Citibank naNANANANANANANABank of Ceylon69.3900106.0100116.91110.826271.381566.567565.9691PCBsUttara Bank69.4500105.1248114.65510.813069.197166.060663.9887AB Bank69.4500106.3386115.89460.8158NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Govt to withdraw condition of inscription of bond facility

2009-12-02 00:00:00

Doulot Akter MalaThe government is set to withdraw the condition of 100 per cent bank guarantee equivalent to customs duty or mandatory inscription of bond facility on import packets of plastic raw materials to help the backward linkage industry. The...

Unsuccessful applicants facing problems in getting back refund warrants

2009-12-02 00:00:00

FE ReportThe unsuccessful applicants are facing problems in getting back the refund warrants of two newly listed companies- Marico and Grameenphone- to their respective bank accounts.They sought help of the Securities and Exchange Commission (SEC) to solve the issue immediately,...

Export to reach $300m in next five years

2009-12-02 00:00:00

Mehdi Musharraf BhuiyanFor millions of fans of cartoon character Mina, it may be a common knowledge that how the young village girl, along with her brother Raju and the pet Mithu, saves her village from monsoon flooding or teach her...

ICB AMCL declares NAV of its six unit funds

2009-12-02 00:00:00

FE Report ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has recently announced the Net Asset Values (NAV) of its six unit funds, the company said in a statement.The total NAV of ICB AMCL...

Intl Women's SME Expo inaugurated

2009-12-02 00:00:00

Chittagong OfficeChittagong, Dec 01: The month long International Women's SME Expo Bangladesh started today at the Railway Pologround at Kadamtali. Primary and mass education minister Dr. Afsarul Amin inaugurated the exposition by cutting ribbon at the entrance of the fair...

Envoy Group resumes its production Dec 5

2009-12-02 00:00:00

FE ReportThe Envoy Group, a leading apparel (RMG) manufacturer will resume its production from December 5 after being damaged by rampaging demonstrators."The damages were worth about Tk 30 million which includes machineries, exportable products, furniture and so on," Monjur Murshed...

Willem Buiter joins Citi as Chief Economist

2009-12-02 00:00:00

Willem Buiter, one of the world's most distinguished macro economists, will be joining Citi in January 2010 as Chief Economist, said a press release. Willem is currently Professor of Political Economy at the London School of Economics and a widely...

Sundarban Courier becomes DHL's retail booking agent

2009-12-02 00:00:00

FE Report DHL, a leading express and logistics company of the world, has made a retail booking arrangement with Sundarban Courier Service (Pvt) Ltd, a courier services provider in the country.The arrangement has allowed Sundarban Courier Service to book express...

IPO Diary

2009-12-02 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...

Major cities at risk from rising sea level threat

2009-12-02 00:00:00

Sea levels will rise by twice as much as previously predicted as a result of global warming, an important international study has concluded, report agencies.The Scientific Committee on Antarctic Research (SCAR) calculated that if temperatures continued to increase at the...

Former US President Clinton's daughter engaged

2009-12-02 00:00:00

BEIJING, Dec. 1 (Xinhua): Chelsea Clinton has engaged to her long-time boyfriend Marc Mezvinsky, an investment banker, according to Bill Clinton's charitable foundation Monday.She announced her engagement in a mass email to friends. The couple plans to marry next summer.The...

news digest

2009-12-02 00:00:00

China says talks best way to solve Iran nuclear issueIran sends mixed signals on quitting nuclear curb pact BEIJING, Dec 1: Talks remain the best way to solve the Iran nuclear issue, Chinese Foreign Ministry spokesman Qin Gang said on...

SL back Muralitharan to help square India series

2009-12-02 00:00:00

MUMBAI, Dec 1 (Reuters): Sri Lanka are backing Muttiah Muralitharan to strike in the third and final test against India starting Wednesday in the master spinner's final overseas test. Muralitharan, the world record holder for most wickets in test and...

Bangladesh in Group A in AFC Challenge Cup

2009-12-02 00:00:00

Bangladesh has been placed in Group A of the AFC Challenge Cup 2010 along with Tajikistan, Myanmar and Sri Lanka, reports UNB.The eight-nation second string Asian Soccer meet will be held in the Sri Lankan capital of Colombo from February...

WC contenders hope for seeds of success

2009-12-02 00:00:00

JOHANNESBURG, Dec 1 (AFP): The next defining moment on the road to the 2010 World Cup in South Africa arrives Wednesday morning when the seeds will be announced at a Cape Town media conference. There are 32 qualifiers led by...

FIFA 'may put more officials on field' at WC

2009-12-02 00:00:00

JOHANNESBURG, Dec 1 (AFP): FIFA could put more assistant referees on the fields during the World Cup, the football governing body's president Sepp Blatter said Monday.The question will be discussed at the FIFA executive committee meeting Wednesday in Cape Town,...

Messi awarded Ballon d'Or

2009-12-02 00:00:00

PARIS, Dec 1 (AFP): Lionel Messi of Barcelona and Argentina Tuesday was awarded the Ballon d'Or accolade as Europe-based footballer of the year.Messi, whom Cristiano Ronaldo beat into second place last season, easily saw off the Portuguese striker, who moved...