FE Today Logo

Search results for:


Forte in talks to buy Shanghai property from Goldman

2010-01-12 00:00:00

SHANGHAI, Jan 11 (Reuters): Chinese property developer Shanghai Forte Land Co Ltd is in talks to buy a high-end residential property in Shanghai from Goldman Sachs in a deal worth more than $200 million, two people familiar with the situation...

Novartis gains on getting patent right

2010-01-12 00:00:00

MUMBAI, Jan 11 (Business Standard): Novartis finally ended with a Rs 21 or 3.6 per cent gain at Rs 590. Around 30,063 shares changed hands at the counter today.Novartis has soared as it has got the patent right for Nilotinib,...

Reliance raises Rs 35b via treasury shares sale

2010-01-12 00:00:00

MUMBAI, Jan 11 (Economic Times): Shares of Reliance Industries were under selling pressure Monday after the company raise Rs 35 billion by selling 33 million treasury shares in block deals on the NSE. According to ET Now, the company sold...

Nifty pares gains, RIL, BHEL, Cairn down

2010-01-12 00:00:00

MUMBAI, Jan 11 (Economic Times): Benchmarks were witnessing a choppy session with positive bias Monday as investors unwounded long positions ahead of earnings season. Buying activity was seen in broader markets while European markets opened higher. At 2:30 pm, National...

Iran awaits foreign investment in oil fields

2010-01-12 00:00:00

TEHRAN, Jan 11 (Commodity Online): Tehran is awaiting investment decisions from the Qatari National Bank before moving on plans to develop the Esfandiar oil field, executives said. Iranian Offshore Oil Company Director Hossein Jafari said Tehran was waiting for Qatar...

Natural gas down with break out of 255

2010-01-12 00:00:00

AHMEDABAD, Jan 11 (Commodity Online): Natural gas moved down 3.24 per cent with the breakout level of 255.Natural gas opened at 260.8 and made a low of 252 and day's high of 260.8. Total volumes for the day are 5500...

COMEX Gold soars by $13.90 as dollar dips

2010-01-12 00:00:00

SINGAPORE, Jan 11 (Commodity Online): Gold prices soared in the initial trading Monday, dismissing the prediction that the yellow metal would suffer a major correction in the coming months. Analysts forecasted that the gold might suffer heavy losses after prices...

Wheat advances to one-month high on weaker dollar

2010-01-12 00:00:00

SINGAPORE, Jan 11 (Bloomberg): Wheat futures rose to the highest in more than a month, and corn and soybeans gained, as a weaker dollar improved the investment appeal of commodities and higher crude oil prices boosted demand for crops used...

Florida freeze deepens orange-crop risk as weather gets colder

2010-01-12 00:00:00

NEW YORK, Jan 11 (Bloomberg): Orange groves in Florida face their biggest damage threat since the state's freezing weather began more than a week ago as temperatures drop to record lows in some areas.Florida, the world's biggest orange grower after...

Mustard output in India may fall on weather

2010-01-12 00:00:00

NEW DELHI, Jan 11 (Bloomberg): The mustard seed harvest in India may be smaller than a year earlier as dry weather reduced the planting area of the winter-sown crop, said an official at the nation's biggest group of oilseeds processors.Production...

China's iron hunger continues

2010-01-12 00:00:00

BEIJING, Jan 11 (Commodity Online): China imported 62.16 million tonnes of iron ore in December, 80 per cent more than a year earlier and the second highest volume on record.The iron ore imports were up 22 per cent from the...

exchange rate

2010-01-12 00:00:00

January 11, Monday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Monday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.4500100.6127111.60670.757668.214767.777564.5625Agrani Bank69.4500100.4122111.52840.760168.155367.710364.3413FCBsStanChart69.65101.86113.440.7869.0268.3264.94HSBC 69.6370101.4599112.87360.789167.876367.378064.2322Citibank naNANANANANANANABank of Ceylon69.5400102.3516114.23600.782069.173468.076466.9323PCBsUttara Bank69.5000100.9478111.70790.767967.691167.534164.3765AB Bank69.6000102.3622113.32840.7701NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Obama says no plan for US troops in Yemen, Somalia

2010-01-12 00:00:00

WASHINGTON, Jan11 (Reuters): The United States does not plan to send US troops into Yemen or Somalia as those countries struggle to contain Islamic militants, President Barack Obama said in remarks published Sunday. "I have no intention of sending US...

Basu's condition continues to be critical

2010-01-12 00:00:00

KOLKATA, Jan 11 (PTI): Communist Party of India-Marxist (CPI-M) patriarch Jyoti Basu continued to remain in a critical condition Monday with doctors attending on him saying that lack of any improvement in his health was "not a good sign". "It...

'False positive' concern over prostate cancer test

2010-01-12 00:00:00

One in eight men screened for prostate cancer will test positive when they do not have the disease, a major European trial has shown, reports BBC.A positive result can mean undergoing invasive tests such as biopsy as well as potentially...

N Korea seeks US peace pact

2010-01-12 00:00:00

SEOUL, Jan 11 (AFP): North Korea called Monday for talks on a treaty to formally end the Korean War, saying it wants better ties with the United States and an end to sanctions before pushing ahead with nuclear disarmament.The foreign...

news digest

2010-01-12 00:00:00

Social Democrat Josipovic wins Croatian presidency ZAGREB, Jan 11: Social Democrat Ivo Josipovic, who pledged to lead Croatia into the European Union and crack down on corruption, was elected president with over 60 percent of the vote, official results showed...

HIGHLIGHTS

2010-01-12 00:00:00

Bidaai On STAR PLUS Tuesday at 9-30 pm. Bidaai is a story of two sisters, Sadhna (beautiful) and Ragini (unattractive). Sadhna is the adopted child in the family. Life is pleasant for Sadhna as she is beautiful but society is...

Tuesday

2010-01-12 00:00:00

ATN Banglaam07:00 Sangbad07:30 Positive Bangladesh08:15 Ajker Sangbadpatra08:30 Drama Serial- Mike09:00 News Bulletins09:15 Drama - Jolkona10:00 Sangbad10:30 Hello Bangladesh11:15 Asian City Top Spin12:00 Sangbad Bulletins12:15 Shornali Shadakalo01:00 Sangbad Bulletins01:25 Atn Music02:00 Sangbad02:30 Drama Serial -Chobir Manush03:00 Sangbad03:15 Mega Serial-O Amar Chokkhu...

Square Pharma expands production unit

2010-01-12 00:00:00

FE ReportThe earth-breaking ceremony of Square Pharmaceuticals Limited Unit 3 took place Sunday to meet the increasing demands from the industry. The new unit got established near the Square Pharmaceuticals' Plant at Kaliakoir in Gazipur.The first phase construction will be...

Prevention of money laundering and terrorist financing emphasised

2010-01-12 00:00:00

FE ReportStandard Chartered Bank organised a daylong training on 'Anti Money Laundering/Combating Financing of Terrorism (AML/CFT)' at Narayanganj Club recently. M Mahfuzur Rahman, general manager of anti-money laundering department, Bangladesh Bank, inaugurated the training session as the chief guest. He...

$ 2m micro-insurance project launched

2010-01-12 00:00:00

FE Report Palli Karma-Sahayak Foundation (PKSF), Asian Development Bank (ADB) and Government of Bangladesh have recently signed a letter of agreement (LoA) for a US$2.0 million project titled 'Developing Inclusive Insurance Sector', said a press release.Jointly developed by PKSF, the...

MTB distributes blankets to N-dist cold-affected poor

2010-01-12 00:00:00

FE Report Mutual Trust Bank Limited (MTB) distributed blankets to the cold-affected poor people of Sapahar in Naogaon recently, said a press release. MTB deputy managing directors (DMDs) Md Hashem Chowdhury and Md Ahsan-uz Zaman distributed blankets to the poor...

SEC approves People's Ins rights

2010-01-12 00:00:00

FE ReportThe Securities and Exchange Commission (SEC) approved issuance of rights of People's Insurance Ltd, company sources said.According to the SEC approval, People's Insurance will issue 2 million rights shares, which will have a face value of Tk.100 and premium...

Citi wins Best Bank in Asia award

2010-01-12 00:00:00

Citi has been chosen as the Best Bank in Asia for the year 2009 by FinanceAsia magazine, one of Asia's leading finance publications. Citi also picked up the awards of 'best commercial bank in Asia' and 'best cash management bank...

Plan to export Tk 45b shrimp

2010-01-12 00:00:00

Bangladesh Frozen Foods Exporters Association (BFFEA) set a target to export freshwater shrimp (golda) worth Tk 45.00 billion to different destinations including EU this year, reports BSS. Clouds over Bangladesh's freshwater shrimp industry is paring down as the European Union...

Deal to improve environ compliance in textile, apparel sector

2010-01-12 00:00:00

FE ReportThe Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh Export Oriented Garments Washing Industries Owners Association (BEOGWIOA) and South Asia Enterprise Development Facility (SEDF) have entered into a tri-partite agreement recently to improve environment compliance in the textile and...

Bank Asia starts Musharaka financing

2010-01-12 00:00:00

FE Report Bank Asia Limited started Musharaka financing through its Islamic Banking Division, said a press release. Musharaka is a mode of finance, where two or more parties participate in a business with joint contribution to capital. Profit of the...

Beximco plans 24-hour news TV channel

2010-01-12 00:00:00

One of Bangladesh's largest conglomerates, Beximco Group, announced Monday it would launch a new 24-hour Bangla-language news channel in a deal with Indian media company NDTV, reports AFP.Independent TV will be the country's first news channel since an army-backed emergency...

The motives and the incentives in Islamic entrepreneurship

2010-01-12 00:00:00

Rasem N. Kayed and M. Kabir HassanWHAT motivates someone to start a business is an important issue. The personal motives of entrepreneurs for starting their businesses are considered important indicators that explain the status and the direction of entrepreneurship in...