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Nikkei hits one-month closing low

2009-11-06 00:00:00

TOKYO, Nov 5 (Reuters): Japan's Nikkei average fell 1.3 per cent Thursday to hit its lowest close in a month, with Sony Corp and other exporters slipping as investors locked in profits on caution ahead of US jobs data.Market players...

Morgan Stanley's India ECM head quits

2009-11-06 00:00:00

HONG KONG, Nov 5 (Reuters): Morgan Stanley's, India equity capital markets head Sumeet Puri has quit, three sources with direct knowledge of the matter said Thursday, at a time when Indian capital market activity is strong.Puri, who joined Morgan Stanley...

Oil prices down in Asian trade

2009-11-06 00:00:00

SINGAPORE, Nov 5 (AFP): Oil prices were lower in Asia Thursday as traders took stock of weak fundamentals in the market, analysts said. New York's main contract, light sweet crude for December delivery, shed 34 cents to $80.06 a barrel....

Rubber declines as yen's advance

2009-11-06 00:00:00

TOKYO, Nov 5 (Bloomberg): Rubber declined for the second time in three days, reversing earlier gains, as a stronger Japanese currency versus the dollar reduced the appeal of yen-denominated contracts.Prices in Tokyo also retreated as crude oil snapped three days...

Call to foil conspiracy to stop 'tosha' export

2009-11-06 00:00:00

Our Correspondent KHULNA, Nov 5: The jute growers and exporters have urged the government to foil the 'conspiracy' to stop the export of BTR (Bangla 'Tosha' Rejection) raw jute due to rise in price of the same in local markets,...

Gold remains highly volatile in Asia

2009-11-06 00:00:00

SINGAPORE, Nov 5 (Commodity Online): Gold eased in Asian trade Thursday after hitting an all time high near $1098 an ounce overnight in New York.However, dollars recovery against major currencies Thursday weakened the yellow metal as spot gold was seen...

Industries Secy exchanges views with Joypurhat sugarcane farmers

2009-11-06 00:00:00

Our Correspondent JOYPURHAT, Nov 5: Industries Secretary Dewan Zakir Hossain exchanged views with sugarcane farmers in the district. Joypurhat Sugar Mill (JSM) organised the function at its auditorium Wednesday. Chaired by JSM Managing Director Md Mofakkharul Islam, the meeting was...

Sugar output may rise next year on higher price

2009-11-06 00:00:00

MELBOURNE, Nov 5 (Bloomberg): Global sugar production may increase in the second half of 2010, driven by higher prices and improved weather conditions, JPMorgan Chase & Co said.Output may rise to 165 million tonnes in 2010, compared with consumption of...

UN evacuates hundreds of staff from Afghanistan

2009-11-06 00:00:00

KABUL, Nov 5 (Agencies): The United Nations said Thursday it would temporarily evacuate hundreds of its international staff from Afghanistan due to deteriorating security, a sharp blow for Western efforts to stabilize the country.Spokesman Aleem Siddique said the United Nations...

US strike kills 5 in Pakistan

2009-11-06 00:00:00

MIRANSHAH, Nov 5 (AFP): Suspected US missiles killed five in Pakistan's Al-Qaeda-infested tribal belt Thursday, not far from where 30,000 troops are battling a major offensive against homegrown Taliban.The attack, which Pakistani officials said was carried out by a US...

Breast cancer changes with spread

2009-11-06 00:00:00

Nearly 40pc of breast cancer tumours change form when they spread, a UK study shows, reports BBC.The researchers say this could mean that patients require changes to their treatment regime.They analysed 211 tumours which had spread to the lymph nodes...

news digest

2009-11-06 00:00:00

Hezbollah denies link to arms ship seized by IsraelBEIRUT, Nov 5 : Lebanon's Hezbollah guerrilla group denied Thursday any connection with a shipment of weapons that Israel said it had intercepted on the high seas. Israeli officials said on Wednesday...

IFC supports private sector growth, investment climate reform

2009-11-06 00:00:00

FE ReportIFC, a member of the World Bank Group, has pledged to increase its investments and advisory services in Bangladesh to help the country strengthen its private sector, create jobs, and better mitigate climate change.During her official visit to Dhaka,...

Mercantile Bank donates Tk 2.5m to cancer hospital

2009-11-06 00:00:00

Mercantile Bank Foundation handed over a cheque for Tk 2.5 million as donation to Ahsania Mission Cancer Hospital at a simple ceremony in the city Wednesday.Dhaka Ahsania Mission President Kazi Rafiqul Alam received the cheque on behalf of the organisation.Speaking...

ICB AMCL declares NAV of two unit funds

2009-11-06 00:00:00

The ICB Asset Management Company (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared the Net Asset Values (NAV) of its two unit funds, the company said in a statement.The total NAV of ICB AMCL Unit Fund stood...

CSE gets new CEO

2009-11-06 00:00:00

FE ReportDr. Mohammed Abdullah Mamun has joined Chittagong Stock Exchange (CSE) as Chief Executive Officer.Before joining CSE, Dr. Mamun worked as faculty of Business School in International Islamic University, Malaysia and Curtain University of Technology, Australia (offshore campus in Malaysia).Born...

Nat'l Bank wins ICMAB Best Corporate Performance Award

2009-11-06 00:00:00

FE ReportNational Bank Ltd has got the ICMAB Best Corporate Performance Award 2008 in the private banking category. The award is the testimony to transparency, accountability, good corporate governance and soundness of the bank.Md Abdur Rahman Sarker, managing director of...

Citi Microentrepreneurship Award ‘09 launched

2009-11-06 00:00:00

FE ReportCiti Foundation, the philanthropic arm of Citigroup, Thursday launched the Citi Microentrepreneurship Awards (CMA) programme for the fifth consecutive time in Bangladesh to recognise and honor leadership, entrepreneurial skills and best practices of individual micro entrepreneurs. This year the...

Trade suspension order on Arafat Securities lifted

2009-11-06 00:00:00

FE ReportThe Securities and Exchange Commission (SEC) Wednesday lifted trade suspension order on Arafat Securities Ltd taking into account of investors' interest.The securities regulator suspended trading of the brokerage house for one month on October 19 as Arafat was found...

Govt, entrepreneurs urged to work with Canadian cos

2009-11-06 00:00:00

FE ReportCanadian High Commissioner in Dhaka Robert McDougall Wednesday urged the government and the private entrepreneurs to explore the potentials of working with Canadian companies for expanding renewable energy projects in Bangladesh.He cited four specific areas - small hydro, small...

New industrial policy soon to attract local and foreign investors: Dilip

2009-11-06 00:00:00

Industries Minister Dilip Barua Thursday invited the Japanese investors to invest in Bangladesh's prospective sectors like textiles, leather goods, food processing and real estate, reports UNB."We will welcome the Japanese investors if they invest their capital in the country. We...

Overseas employment starts showing signs of recovery

2009-11-06 00:00:00

Mashiur RahamanOverseas employment has started showing 'signs of recovery' in October 2009, fuelled by job-surge in Middle East and North African countries as the impact of global recession starts easing, official said.A total of 43,334 Bangladeshi secured overseas employment last...

EBL to extend loans for solar power, treatment plants

2009-11-06 00:00:00

Eastern Bank Limited (EBL) has taken initiative to extend loans for setting up solar power, biogas and effluent treatment plants, said a press release.It is pledge in bound to promote solar power and alternate energy sources to face electricity and...

Dhaka Bank launches remittance banking in Comilla

2009-11-06 00:00:00

Dhaka Bank Limited (DBL) has recently launched a remittance banking in Comilla with the assistance of its partner PAGE Development Centre. The money will be remitted through Western Union Money Transfer. In this connection, the clients' get-together and traditional Mezban...

Naeem pulls off a sensational win for Bangladesh

2009-11-06 00:00:00

CHITTAGONG, Nov 5 (BSS): All rounder Naeem Islam with a priceless unbeaten 73 pulled back Bangladesh from the jaw of defeat to hand them a sensational one wicket win over Zimbabwe in the 5th One-day International at Zohur Ahmed Chowdhury...

Watson, Marsh take Australia to 350

2009-11-06 00:00:00

The fire and ice combination of Shane Watson and Shaun Marsh took Australia to a huge total on a true and flat Hyderabad pitch. Watson provided the early impetus, converting a conservative start into a boundary-fest towards the end of...

Gopibagh FA, Jatrabari KC, Jamal Dhanmondi advance

2009-11-06 00:00:00

Gopibagh Friends Associa-tion, LT SK Jamal Dhanmondi Club Ltd and Jatrabari KC won their match of the First Division Cricket League in the city Thursday, reports UNB. Gopibagh Friends Associa-tion (64/2 in 18.2 overs) posted an eight-wicket win over Uttara...

Federer reaches quarterfinals at Swiss Indoors

2009-11-06 00:00:00

BASEL, Switzerland, Oct 5 (AP): Roger Federer reached the quarterfinals of the Swiss Indoors by beating Andreas Seppi of Italy 6-3, 6-3 Wednesday.The three-time defending champion was solid on serves to make it six matches against the 51st-ranked Seppi without...

Div II Chess League Muktijoddha emerge champions

2009-11-06 00:00:00

Muktijoddha Sangsad KC emerged champions in the Philosophia 2nd Division Chess League with one round in hand securing 16 points after beating Royal Electronics by 2.5-1.5 points in the 8th round match at the Chess Federation Thursday, reports UNB.Nebula Chess...

JS body recommends law to check environ pollution

2009-11-06 00:00:00

The Parliamentary Standing Committee on Environment and Forests has recommended enacting a law with a provision of penalising the offenders to check environmental pollution by individuals or organisations, reports UNB. Held at Jatiya Sangsad Bhaban Thursday, the meeting discussed different...