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Nikkei slips from 7-week highs, big banks fall

2009-12-18 00:00:00

TOKYO, Dec 17 (Reuters): Japan's Nikkei average ended down 0.1 per cent Thursday, slipping from seven-week highs hit earlier in the day, as investors pocketed profits on a rally in big banks such as Mitsubishi UFJ Financial Group.But Mazda Motor...

Indian Jewelry presentation in city Dec 20

2009-12-18 00:00:00

FE ReportThe Gems and Jewellery Export Promotion Council (GJEPC) of the government of India will hold a Road Show-cum-Presentation at Dhaka Sheraton Hotel at 7.00 pm on December 20.About 90 jewellers of Bangladesh Jewellers Samity are expected to attend the...

AIG to file prospectus for AIA IPO

2009-12-18 00:00:00

LONDON, Dec 17 (Reuters): Bailed-out US insurer American International Group plans to file a prospectus for a multibillion-dollar IPO of its Asian life insurance unit before Christmas, the Financial Times reported Thursday.The Hong Kong IPO of American International Assurance is...

China produces 254.55 tonnes of gold

2009-12-18 00:00:00

BEIJING, Dec 17 (Commodity Online): World's largest gold producer, China's gold output increased by 31.47 tonnes or 14.10 per cent year on year to 254.55 tonnes in the first ten months of this year. In a statement issued here, China's...

Rice prices may rise next year

2009-12-18 00:00:00

BANGKOK, Dec 17 (Commodity Online): Increasing demand and production cuts in major producers like India due to bad weather likely to shoot up global rice prices next year, according to Thailand Rice Exporters Association. Prices on the global market could...

Oil prices rally after US inventory report

2009-12-18 00:00:00

NEW YORK, Dec 17 (AFP): World oil prices soared Wednesday as traders reacted to falling US inventories and colder weather across the northern hemisphere, shifting the outlook for supply and demand. New York's main futures contract, light sweet crude for...

Robusta coffee may resume this year's drop

2009-12-18 00:00:00

LONDON, Dec 17 (Bloomberg): Robusta coffee may resume this year's decline toward $1,300 a metric ton after approaching the high of a downward trend channel that started in September, according to technical analysis by Newedge Group. Robusta coffee for March...

21-day fair begins

2009-12-18 00:00:00

GOPALGONJ, Dec 12: The 21-day traditional "Kali puja mela- 2009" of Gopalgonj began at Sheikh Kamal Stadium in the town here.The fair began on Dec 2 and it will continue until Dec 23.Gopalgonj District administration and local puja advisory committee,...

exchange rate

2009-12-18 00:00:00

December 17, Thursday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Thursday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.4500100.9617113.34030.780166.919765.568162.6151Agrani Bank69.3500102.6051111.16000.794267.597065.992162.6260FCBsStanChart69.50106.77117.300.8371.8367.7965.84HSBC 69.6305102.2410114.95700.820367.219365.646062.9907Citibank naNANANANANANANABank of Ceylon69.5900103.8239116.37790.814369.603966.504265.9365PCBsUttara Bank69.5000101.4714113.69020.787766.794665.654162.6944AB Bank69.5500103.9210115.15670.8026NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Pakistani court deals US-backed president big blow

2009-12-18 00:00:00

ISLAMABAD, Dec 17 (AP): Pakistan's top court struck down an amnesty that had protected US-allied President Asif Ali Zardari from corruption charges, setting the stage for political turmoil at a time when America seeks a united front against militants along...

Mexican drug don killed

2009-12-18 00:00:00

MEXICO CITY, Dec 17 (AP): One of the most wanted figures in the drug war was killed in a shootout with the Mexican navy Wednesday, an official said.Arturo Beltran Leyva and three members of his drug cartel died in the...

Record number of journalists killed in 2009

2009-12-18 00:00:00

NEW YORK, Dec 17 (AP): The November massacre of 30 media workers in the Philippines made 2009 the deadliest year ever for journalists, according to a report to be released Thursday. The Committee to Protect Journalists, an independent press advocacy...

Pakistan holding up some US visas

2009-12-18 00:00:00

ISLAMABAD, Dec 17 (AP): Pakistan has held up visas for US diplomats, military service members and others, apparently because of hostility within the country toward the expansion of US operations in Pakistan, a senior US diplomat said Wednesday.American diplomats have...

US ready to join $100b climate aid fund: Hillary

2009-12-18 00:00:00

COPENHAGEN, Dec17 (AP): US Secretary of State Hillary Clinton has announced that the United States is prepared to join other rich countries in raising $100 billion in yearly climate financing for poor countries by 2020.The announcement could give a boost...

news digest

2009-12-18 00:00:00

17 dead in tourist bus crash in South KoreaSEOUL, Dec 17 (AP): A bus accident in South Korea that killed 17 people and seriously injured 14 others may have been caused by careless driving. A tourist bus carrying 30 passengers...

Funding no more a problem for Padma multi-purpose bridge

2009-12-18 00:00:00

Munima SultanaLeading development partners have assured the government of lending US 2.4 billion for the construction of Padma multi-purpose bridge, ending uncertainty over meeting the resource gap for the country's largest infrastructure project.The World Bank has hinted that it would...

Mercantile Bank opens 47th branch, 18th ATM booth

2009-12-18 00:00:00

Mercantile Bank Limited (MBL) has recently opened the 47th branch and the 18th ATM booth of the bank at 42/4 Pragati Sarani in the city, according to a press release.Second Vice Chairman of the bank Golam Faruk Ahmed inaugurated the...

DCCI help line for submission of online co return

2009-12-18 00:00:00

FE ReportPresident of Dhaka Chamber of Commerce and Industry (DCCI) Zafar Osman inaugurated a help line centre for submission of online company return to the Registrar of Joint Stock Companies and Firms (RJSC) at DCCI in the city Monday.Joint Secretary...

AIMS declares NAV of three unit funds

2009-12-18 00:00:00

Asset and Investment Management Services (AIMS) of Bangladesh Limited has declared the Net Asset Values (NAV) of its three unit funds, said a press release.AIMS First Guaranteed Mutual Fund: The NAV of AIMS First Guaranteed Mutual Fund stood at Tk...

Enhance pofessional skill

2009-12-18 00:00:00

FE ReportChairman of Securities and Exchange Commission (SEC) Md Ziaul Haque Khondker has asked the cost and management accountants (CMAs) to increase their professional skill and ethical standard. He made the call when a delegation of the Institute of Cost...

Russian support sought in energy sector

2009-12-18 00:00:00

Bangladesh sought Russian support in energy field to face the energy crisis, reports UNB.Bangladesh Ambassador to Russia Dr SM Saiful Haque sought the support while presenting his credentials to Russian President Dmitry Medvedev at the Alexander Hall of the Grand...

2nd Knit Workers' Festival in N'ganj today

2009-12-18 00:00:00

A daylong Second Knit Workers' Festival-2009 will be held at Osmani Stadium in Narayanganj today (Friday), reports UNB.State Minister for Home Affairs Shamsul Haq Tuku will inaugurate the festival, to be organized by Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA).LGRD...

Commercial Bank of Ceylon launches global credit card

2009-12-18 00:00:00

FE ReportCommercial Bank of Ceylon (CBC) PLC has launched its Global Credit Card in Bangladesh at a ceremony held at the bank's card centre in Dhaka.Managing Director of the bank AL Gooneratne officially launched two types of cards called 'Combank...

Online hotel bookings on offer

2009-12-18 00:00:00

FE ReportGolden Holidays, a top travel destination management company in the country, has recently teamed up with a Thailand-based company CBS Travel Asia to offer online hotel reservation facilities to travellers.Through this XML-based online hotel reservation system, called "Hotel Club88,"...

Marico Bangladesh earns Tk 680m net profit

2009-12-18 00:00:00

FE ReportMarico Bangladesh Ltd has reported profit of Tk 680 million (68 crore) before tax during the fiscal 2008-09. The profit is 35 per cent more than that of the last year.The company sold products of Tk 4.05 billion (405...

Interest rate of 5-year treasury bonds unchanged

2009-12-18 00:00:00

FE Report The interest rate on 5-year Bangladesh Government Treasury Bonds (BGTB) remained unchanged Tuesday, as commercial banks were not interested to invest their funds for the existing yield, treasury officials said. The yield, generally known as coupon interest rate,...

Euro 5.0m more EC aid for Aila victims

2009-12-18 00:00:00

FE Report The European Commission (EC) has allocated a further five million euro (euro5 million) to continue the humanitarian assistance to the population of South Western Bangladesh - the Commission already allocated euro4 million earlier in the year. In May...

CSBIB holds training on Islamic banking

2009-12-18 00:00:00

FE ReportCentral Shariah Board for Islamic Banks of Bangladesh (CSBIB) organised a six-day training on 'Shariah Compliance in Islamic Banking Operations' in the city recently.Executives and officers from the Bangladesh Bank and commercial banks participated in the training course.It was...

Local co to invest $7.893m in Adamjee EPZ

2009-12-18 00:00:00

FE ReportA Bangladeshi company, namely M/s Mikhail Plastopak Ltd will set up a rubber, plastic, paper products and garment accessories manufacturing industry in Adamjee Export Processing Zone.This hundred per cent locally-owned company will invest US$ 7.893 million in setting up...

HIGHLIGHTS

2009-12-18 00:00:00

DPL Dance Premier LeagueOn SONY SET Friday at 10-00 pmDance Premier League is a unique format, where for the first time on Indian Television we will have teams (selected through All India Auditions) from all zones of India - North,...