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TVS reports 12pc increase in sales in Oct

2009-11-02 00:00:00

CHENNAI, Nov 1 (PTI): Two-wheeler manufacturer TVS Motor Company today reported 12 per cent increase in its vehicle sales during October. The company has sold 1.31 lakh units in October 2009 as compared to 1.17 lakh in the same month...

Ford workers reject contract changes

2009-11-02 00:00:00

DETROIT, Nov 1 (AP): Ford Motor Co workers have overwhelmingly rejected contract changes that would have allowed the automaker to cut labor costs, leaving Ford at a disadvantage to its Detroit rivals as it continues its struggle to return to...

Warid offers Tk 1,200 bonus on reactivation

2009-11-02 00:00:00

Warid launches a special campaign offering bonus talk-time and SMS worth Tk 1,200 along with SIM replacement facility for their inactive prepaid subscribers upon reactivation today (Monday), said a press release.Warid prepaid subscribers who activated their connections on or before...

Asian currencies mixed against US dollar

2009-11-02 00:00:00

HONG KONG, Nov 1 (AFP): Asian currencies ended the week mixed against the dollar as concerns over the strength of the US economic recovery saw investors become more risk averse and retreat from higher-yielding currencies. JAPANESE YEN: The yen see-sawed...

Jamuna Bank scholarships for meritorious students

2009-11-02 00:00:00

FE ReportJamuna Bank Foundation has awarded scholarships to meritorious but poor students who obtained GPA 5 in SSC, HSC and Dakhil examinations this year at a function in the city recently.Sakhawat Abu Khair Mohammad, chairman of Jamuna Bank Ltd, formally...

Australian oil spill well on fire

2009-11-02 00:00:00

SYDNEY, Nov 01 (AFP): Australian authorities were Sunday ordered to help extinguish a fire which broke out on a leaking oil rig that has been pumping thousands of barrels of oil into the Timor Sea for months.Energy Minister Martin Ferguson...

Gold may fall as stronger dollar curbs demand

2009-11-02 00:00:00

LONDON, Nov 01 (Bloomberg): Gold may decline as a stronger dollar curbs demand for the metal as an alternative investment, a survey showed.Thirteen of 23 traders, investors and analysts surveyed by Bloomberg, or 57 per cent, said bullion would fall...

Rio to set up diamond plant in India

2009-11-02 00:00:00

BHOPAL, Nov 01 (Commodity Online): Rio Tinto Diamonds will set up a sample processing plant in Madhya Pradesh, a state in India. The plant has the capacity to check 10 tonnes of deposits an hour.The plant is a part of...

Sanyo to supply batteries for Peugeot hybrid

2009-11-02 00:00:00

TOKYO, Nov 1 (AFP): Sanyo Electric Co will supply nickel-metal hydride batteries for PSA Peugeot Citroen Group's diesel-electric hybrid cars starting in 2011, a report said Sunday. Sanyo and Peugeot Citroen have agreed that Sanyo will ship batteries for several...

exchange rate

2009-11-02 00:00:00

November 01, Sunday The 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)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.4500102.6787114.41950.778968.035164.406462.7268Agrani Bank69.3500102.6051111.16000.794267.597065.992162.6260FCBsStanChart69.60104.34115.870.8069.7866.7263.92HSBC 69.5970104.2177115.78520.817168.626664.804263.1647Citibank naNANANANANANANABank of Ceylon69.4900104.1335117.15590.800668.227864.665963.7640PCBsUttara Bank69.4500103.0386114.62720.786167.794164.372162.6843AB Bank69.5000104.2985115.48430.7877NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Abdullah pulls out of Afghan election run-off

2009-11-02 00:00:00

KABUL, Nov 1, (AFP): Opposition candidate Abdullah Abdullah announced Sunday that he was pulling out of this week's run-off presidential election in Afghanistan."The decision which I am going to announce was not an easy one. It was a decision that...

Clinton for new Mid-East talks

2009-11-02 00:00:00

US Secretary of State Hillary Clinton has urged the Israelis and Palestinians to restart talks "as soon as possible", reports BBC.She was speaking after meeting Israeli PM Benjamin Netanyahu in Jerusalem, in a new US drive to restart the region's...

Militants blow up Pakistan girls school

2009-11-02 00:00:00

PESHAWAR, Nov 1 (AFP): Islamist militants blew up a girls school in Pakistan's lawless Khyber tribal district Sunday, destroying the building and wounding four people in neighbouring homes, officials said.Two explosions ripped through the 18-room government high school for girls...

news digest

2009-11-02 00:00:00

UK soldier dies in Afghan blastA British soldier has been killed in an explosion in Afghanistan's Helmand Province, the Ministry of Defence has confirmed. The man, from the Royal Logistic Corps, died on Saturday afternoon, near Sangin. — BBC.11 killed...

Abahani, MSC earn 2nd successive win

2009-11-02 00:00:00

Holders Abahani Limited and Mohammedan Sporting Club (MSC) earned their 2nd consecutive victory in the Dhaka Metropolis Premier Division Cricket League at separate venues Sunday, reports UNB.Abahani Limited managed a 29-run victory over newcomers Khelaghar SKC at the Fatullah Stadium,...

Coach-less NZ face troubled Pakistan

2009-11-02 00:00:00

ABU DHABI, Nov 1 (AFP): New Zealand and Pakistan will both be hoping they can overcome a series of setbacks when they clash in the first of three one-day internationals here Tuesday.Since finishing runners-up to Australia in the Champions Trophy...

Napoli stun Juventus as Milan win in Serie A

2009-11-02 00:00:00

ROME, Nov 1 (AFP): Napoli fought back from a two-goal deficit for the second time in three days to shock Juventus 3-2 in Turin Saturday and prevent Ciro Ferrara's team from closing the gap on leaders Inter Milan.Marco Borriello scored...

SA win Hong Kong Sixes

2009-11-02 00:00:00

HONG KONG, Nov 1 (AFP): South Africa won the 2009 Hong Kong Cricket Sixes title in dramatic fashion Sunday evening as Farhaan Behardien smashed a six off the final delivery of the tournament to down a gallant Hong Kong. Set...

Injury doubts over India's Sehwag, Gambhir

2009-11-02 00:00:00

MOHALI, India, Nov 1 (AFP): India's key batsmen Virender Sehwag and Gautam Gambhir are injury doubts for the fourth one-day international against Australia here Monday.Sehwag was struck on his left foot by a Peter Siddle yorker while Gambhir was hit...

I'm not finished with Tests: Lee

2009-11-02 00:00:00

SYDNEY, Nov 1 (AFP): Australian fast bowler Brett Lee said Sunday he was far from finished as a Test cricketer following his latest injury setback.Lee, 32, returned home Sunday with an elbow injury which forced him out of Australia's seven-match...

Ballack keen to extend Chelsea contract

2009-11-02 00:00:00

BERLIN, Nov 1 (AFP): Germany captain Michael Ballack said Saturday he is keen to extend his contract at English giants Chelsea until after next year's World Cup. The 33-year-old wants to stay with the London club and says things are...

ICB AMCL declares NAV of six unit funds

2009-11-02 00:00:00

The ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared the Net Asset Values (NAV) of its six unit funds, the company said in a statement.ICB AMCL First Mutual Fund: The total NAV...

AIMS declares NAV of three unit funds

2009-11-02 00:00:00

Asset and Investment Management Services (AIMS) of Bangladesh Limited has declared the Net Asset Values (NAV) of its three unit funds, the company said in a statement.The NAV of AIMS First Guaranteed Mutual Fund at the close of business on...

Shahjibazar Power gets AA2 rating

2009-11-02 00:00:00

FE Report Credit Rating Agency of Bangladesh Limited (CRAB) has awarded AA2 rating in the long term to 86 MW Gas-based Power Plant project of Shahjibazar Power Company Limited (SPCL) in Habiganj.CRAB Managing Director Hamidul Huq handed over the rating...

Islami Bank holds 'branch managers confce' in Bogra

2009-11-02 00:00:00

FE Report Islami Bank Bangladesh Limited (IBBL) organised the 'Quarterly Branch Managers Conference' of its Bogra and Rajshahi zones at the Islami Bank Plaza in Bogra recently, said a press release. IBBL Executive Committee (EC) Chairman Md Eskander Ali Khan...

Citibank, DBBL sign correspondent banking deal

2009-11-02 00:00:00

FE Report Citibank, NA Bangladesh and Dutch-Bangla Bank Limited (DBBL) have signed a correspondent banking agreement at the former's head office in the city recently, said a press release. DBBL Managing Director (MD) Md Yeasin Ali and Citigroup MD and...

Infrastructural difficulties, banking problems, connectivity discussed

2009-11-02 00:00:00

A seven-member high level business delegation of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) visited Meghalaya, Assam and West Bengal states of India recently.The delegation discussed the infrastructural difficulties, banking problems and connectivity issues between the two...

Local co to invest $14.78m in Karnaphuli EPZ

2009-11-02 00:00:00

Bangladesh Export Processing Zones Authority (BEPZA) signed a agreement with Bangladeshi company M/s Vancot Limited to expand its garments manufacturing industry in the Karnaphuli Export Processing Zone (EPZ), said a press release.BEPZA Member (investment Promotion) Md Moyjuddin Ahmed and Managing...

Distribution of British Curry Awards tomorrow

2009-11-02 00:00:00

FE ReportDistribution ceremony of the British Curry Awards (BCA) 2009 will be held on November 3 at Battersea Evolution, Battersea Park in London in association with Barclays and sponsored by Shinepukur Ceramics Ltd."This year we are taking part in the...

17 students get Bank Asia's scholarship money

2009-11-02 00:00:00

FE Report Bank Asia has given higher studies scholarships to 17 meritorious students of Malkhanagor under Sirajdikhan Upazila in Munshigonj Friday as a part of its corporate social responsibility, said a press release. Bank Asia Director A Rouf Chowdhury handed...