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China vows to keep 'hot money' out of property market

2010-01-11 00:00:00

BEIJING, Jan 10 (Reuters): China vowed Sunday not to let foreign speculative investment affect the property market, the latest expression of official concern that real-estate prices are racing ahead too fast.The directive from the State Council, China's cabinet, will serve...

Nissan to offer nine models in India soon

2010-01-11 00:00:00

NEW DELHI, Jan 10 (Reuters): Nissan Motor Co will soon offer a line-up of nine vehicles in India including five built locally as it aims to catch up with rivals in the fast-growing market, the head of its Indian operations...

United Airways holds AGM

2010-01-11 00:00:00

The fourth annual general meeting (AGM) of United Airways (BD) Limited was held at Uttara in the city recently, according to a press release. Chairman and Managing Director of the company Tasbirul Ahmed Choudhury presided over the meeting.A large number...

Panasonic set to sell 1m 3-D TVs in US, Europe, Japan

2010-01-11 00:00:00

LOS ANGELES, Jan 10 (Bloomberg): Panasonic Corp, the world's largest maker of plasma televisions, expects to sell as many as a million 3-D TVs in the next year in the US, Europe and Japan. The company will begin shipping in...

India Infoline overweight on market sentiment

2010-01-11 00:00:00

MUMBAI, Jan 10 (Economic Times): Broking firm India Infoline expects a roller-coaster movement in Indian equities in 2010, noting that the mood is one of caution. India Infoline is of the view that though near-term technical momentum for the market...

Huawei sets eye on three ITI factories

2010-01-11 00:00:00

NEW DELHI, Jan 10 (Business Standard): Chinese telecom equipment maker Huawei is keen to bid for three manufacturing units of state owned Indian Telephone Industries (ITI). It will also invest $500 million in its research centre in India over the...

Dubai's Arabtec says Aabar to acquire 70pc stake

2010-01-11 00:00:00

DUBAI, Jan 10 (Reuters): Dubai-based Arabtec confirmed Saturday that Abu Dhabi's Aabar Investments is looking to finalise a deal on January 13 to acquire a 70-per cent stake in the company for $1.7 billion.Aabar said Friday it intended to buy...

Pak NSB to be launched today

2010-01-11 00:00:00

ISLAMABAD, Jan 10 (Busines Recorder): Minister for Finance Shaukat Tarin would be launching National Savings Bonds (NSB) here Monday. The ceremony would be held at the Committee Room, 4th floor, Q Block, Pak Secretariat, where the minister would highlight the...

Underground power station to start operation in China

2010-01-11 00:00:00

YICHANG, Hubei, Jan 10 (Xinhua): The first underground turbine of the world's largest hydropower project is expected to be put into operation in 2011, according to the China Three Gorges Corporation (CTGC). A 700,000 kw underground turbine is expected to...

Oil and gas deals see significant rise in 2009

2010-01-11 00:00:00

The fourth quarter of 2009 saw a significant increase in oil and gas deals from the quarter before, buoyed mainly by the $41 billion ExxonMobil Corp. acquisition of XTO Energy, according to a new report from PLS Inc. and Derrick...

Pakistan sets cotton crop size at 12.7m bales in 2010

2010-01-11 00:00:00

ISLAMABAD, Jan 10 (Commodity Online): Pakistan's Cotton Crop Assessment Committee (CCAC) estimated this year's cotton crop size at 12.7 million bales as against the previous estimate of 12.1 million bales.The CCAC, constituted by Ministry of Food and Agriculture, revealed this...

Gold to rise 30pc in 2010, silver to reach $21.50

2010-01-11 00:00:00

LONDON, Jan 10 (Commodity Online): Gold prices surged 24 per cent in 2009 and is set to rise 30 per cent in 2010 in a volatile market, according to Ross Norman of BullionDesk.com. In a prediction released on Friday, Norman...

Indian refineries not ready for Euro III

2010-01-11 00:00:00

NEW DELHI, Jan 10 (Commodity Online): Plans of automobile manufacturers to sell Euro-III compliant vehicles from April 1 in India may hit a road block as local refineries are not yet ready to sell the higher quality auto fuel in...

Jute price all-time high in Nilphamari

2010-01-11 00:00:00

Our CorrespondentNILPHAMARI, Jan 10: Jute is selling at all-time high price in Nilphamari district rural markets is now being sold at Tk 1,600 per maund. But the farmers are not getting any benefit from such price rise because they have...

Apple, peach may benefit from cold snap

2010-01-11 00:00:00

NEW ORLEANS, Jan 10 (Commodity Online): The only good news came from the cold snap in US South this season belongs to apple and peach crops of the region.The cold spell blanketing the Deep South has been good news for...

Coal ETFs look upbeat for the new year

2010-01-11 00:00:00

There's a reason that coal exchange traded funds (ETFs) were true standouts in 2009: There doesn't seem to be enough coal to go around and coal prices are shooting up as a result. Companies trying to capitalise may benefit from...

Zinc makes a bearish move

2010-01-11 00:00:00

AHMEDABAD, Jan 10 (Commodity Online): The expected US non firm pay roll data tonight has made Zinc down by 2.33 per cent. Zinc opened at 117.5 & made a low of 114.85. Day's high is at 117.5. Total volume for...

Rare US nickel coin sold in auction for $3.7 million

2010-01-11 00:00:00

FLORIDA, Jan 10 (Commodity Online): An extremely rare US nickel that was featured in an episode of TV's "Hawaii Five-O" sold for more than $3.7 million in Florida, the auctioneers said.Greg Rohan, president of Heritage Auctions, based in Dallas, said...

exchange rate

2010-01-11 00:00:00

January 10, SundayThe following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Sunday.Selling rates to public (outward remittance)Bank USD Euro GBP JPY CHF CAD AUDSCBs Sonali Bank 69.4500 100.6127 111.6067 0.7576...

Magnitude 6.5 earthquake rocks N California

2010-01-11 00:00:00

A magnitude 6.5 earthquake rocked the Northern California city of Eureka Saturday, snapping power lines, toppling chimneys, knocking down traffic signals, shattering windows and prompting the evacuation of at least one apartment building, report agencies.There were no reports of major...

Bomb explodes outside Greek parliament

2010-01-11 00:00:00

ATHENS, Jan 10 (AFP): An explosive device went off outside the Greek parliament in Athens Saturday, prompting Prime Minister George Papandreou to condemn the attack and vow that "democracy will not be terrorised". No one was injured in the blast...

Snow, freezing weather hit Europe, disrupt travel

2010-01-11 00:00:00

LONDON, Jan 10 (Reuters): Snow and freezing weather swept parts of Europe on Saturday causing travel chaos for thousands and forecasters predicted no let-up in Britain's harshest cold snap in 30 years.Rail and air travel were disrupted in Britain, France...

Convent school, fifth church attacked in Malaysia

2010-01-11 00:00:00

KUALA LUMPUR, Jan 10 (Reuters): Arsonists in Malaysia struck at a convent school and a fifth church on Sunday amid rising tensions between majority Muslims and Christians over the use of the word "Allah" to describe the Christian God.Police in...

Hong Kong acid attack leads to arrest

2010-01-11 00:00:00

Police in Hong Kong have arrested a man suspected of carrying out an acid attack that injured 30 people, reports BBC.The man was detained after being spotted on a rooftop near the scene of Saturday's attack on a night market...

Pig dowry for New Zealand teen to marry boyfriend's dad

2010-01-11 00:00:00

WELLINGTON, Jan 10 (AFP): A New Zealand teen was forced to marry her boyfriend's father and consummate the marriage after the groom gave her parents a pig and some mats as a dowry, according to a report Sunday. The girl's...

CIA director defends agency against criticism

2010-01-11 00:00:00

WASHINGTON, Jan 10 (AFP): CIA Director Leon Panetta, in an article published Sunday, revealed that a Jordanian doctor who killed seven agency operatives was about to be searched before he blew himself up at a US military base in Afghanistan."This...

Urine test 'can detect dangerous snoring'

2010-01-11 00:00:00

A urine test that can differentiate between dangerous and safe snoring is possible, say researchers at the University of Chicago, reports BBC.They looked at 90 children referred to a clinic to be evaluated for breathing problems in sleep, and 30...

news digest

2010-01-11 00:00:00

One dead, two missing in Indonesian floodsJAKARTA, Jan 10: Widespread flooding has left one person dead and two missing in Indonesia's East Java, a health official said Sunday. Water as high as one metre (three feet) submerged more than 500...

Business team off to India

2010-01-11 00:00:00

FE ReportA high-profile business delegation of Bangladesh Sunday left Dhaka for New Delhi as entourage of Prime Minister Sheikh Hasina's state visit to India.The 47-member delegation led by Kazi Akramuddin Ahmed, chairman of Standard Bank Ltd and Abul Kashem Ahmed,...

Pubali Bank inaugurates 385th branch at Baridhara

2010-01-11 00:00:00

Pubali Bank Limited has inaugurated its 385th branch at Baridhara in the city recently with a view to providing modern banking services.Pubali Bank Limited Board of Directors Chairman Hafiz Ahmed Mazumder MP inaugurated the new branch as the chief guest.Directors...