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Real estate co run by NRBs launches business

2009-09-20 00:00:00

Landmarx Construction & Development Limited, a real estate company founded by non-resident Bangladeshis living in Canada, has announced the launch of its business in Bangladesh, says a press release.Managing Director of the Company Mohammed Alimullah (Khokon) made the announcement at...

Gopalganj Press Club executives

2009-09-20 00:00:00

Our CorrespondentGOPALGANJ, Sept 19: A 16-member executive committee of Gopalganj Press Club has been elected here recently.Sk. Masudur Rahman (Dainik Janata) and Syed Muradul Islam (Amader Somay) were elected president and general secretary respectively.Chowdhury Kashurul Alam, chief election commissioner of...

President to host Eid reception Sept 29

2009-09-20 00:00:00

As President Zillur Rahman will be visiting Saudi Arabia from September 22 to September 27 at the invitation of the Saudi King, the Eid reception at Bangabhaban will be held on September 29, reports BSS. The reception on the occasion...

Youth's body recovered

2009-09-20 00:00:00

GAZIPUR, Sept 19 (UNB): Police recovered the body of a youth at Achirpur in Tongi Saturday.The deceased was identified as Ujjal (22), of Fulkarchar village of Islampur Upazila of Jamalpur district.

Robbers kill one, injure 3 in Pirojpur

2009-09-20 00:00:00

PIROJPUR, Sept 19 (UNB): Robbers killed a youth and injured three siblings while committing robbery at Ikribazar in Bhandaria Upazila early Saturday.The deceased was identified as Alamgir (18), son of Abdul Hye, chairman of local Union Parishad.Witnesses said a gang...

Adulterated edible oil seized

2009-09-20 00:00:00

BOGRA, Sept 19 (UNB): The anti-adulteration mobile court Wednesday seized 1.5 tonnes of adulterated edible oil and date-expired juice, chanachur and glucose from a factory in Jaleshwaritala area of the district town.The mobile court of Additional Deputy Commissioner Munir Chandra...

US markets wrap: Equities climb; bonds decline

2009-09-20 00:00:00

NEWYORK, Sept 18 (Bloomberg): US stocks rose, extending the market's second straight weekly advance, as analyst upgrades of companies from Procter & Gamble Co. to SanDisk Corp. and Chevron Corp. overshadowed concern that equities are too expensive. Treasury 10-year notes...

European stocks advance for second week

2009-09-20 00:00:00

LONDON, Sept 19 (Bloomberg): European stocks advanced for a second week, with the Dow Jones Stoxx 600 Index extending a six- month rally, as economic reports spurred speculation that company earnings will improve amid a global recovery. Allied Irish Banks...

Brazil stocks rise on economy outlook

2009-09-20 00:00:00

BRASILIA, Sept 18 (Bloomberg): Brazil's Bovespa index climbed to a 14-month high, capping the best weekly advance since July, on speculation an improving domestic economy will bolster profits for retailers, homebuilders and technology companies. Lojas Americanas SA and Rossi Residencial...

Indian shares to track global trends, may consolidate

2009-09-20 00:00:00

MUMBAI, Sept 19 (AFP): India's stock market will continue to track global trends and may consolidate next week with the benchmark index at a near 16-month high, dealers said. During the week to September 18, the 30-share Sensex index rose...

Has Wall Street rally gone too far?

2009-09-20 00:00:00

NEW YORK, Sept 19 (AFP): With Wall Street enjoying its best rally in decades, debate is heating up on whether the market has gone too far, too fast or is ready for a second wind. Bulls and bears continue to...

Gulf bourses surge ahead of Eid-ul-Fitr

2009-09-20 00:00:00

DUBAI, Sep 19 (Reuters): Gulf Arab bourses surged across the region on Thursday ahead of Eid al-Fitr, as strength in international stock markets, positive US economic data and buoyant oil prices cheered investor sentiment.Dubai's bourse closed at is highest level...

BCA AGM held

2009-09-20 00:00:00

The annual general meeting of Bangladesh Cotton Association (BCA) for the year 2009 was held at Dhaka Club in the city recently, said a press release. BCA outgoing president Nurul Islam Shuja presided over the meeting. The office bearers of...

Gold price charges towards record high

2009-09-20 00:00:00

LONDON, Sept 19 (AFP): Gold prices jumped this week to within grasp of record highs above 1,000 dollars per ounce on the back of a weak dollar and mounting economic optimism, while oil prices also edged higher. The euro hit...

Copper prices fall most in three weeks as inventories increase

2009-09-20 00:00:00

NEW YORK, Sept 19 (Bloomberg): Copper prices in New York fell the most this month as rising inventories spurred concern that demand will slacken.Stockpiles monitored by the London Metal Exchange increased for a 16th straight session to 327,700 metric tons,...

IMF to sell 403 tonnes of gold to boost lending to poor

2009-09-20 00:00:00

WASHINGTON, Sept 19 (AFP): The International Monetary Fund said its executive board yesterday endorsed the sale of 403 tonnes of gold, worth an estimated 13 billion dollars, to boost its lending capacity to poor countries. The IMF said in a...

Corn, Soybeans drop as warm weather boosts US crop potential

2009-09-20 00:00:00

NRW YORK, Sept 18 (Bloomberg): Corn futures fell for the third straight day and soybeans dropped the most in a week as warm, dry weather boosts prospects for crops in the US, the world's biggest exporter of the grain.Temperatures in...

Dollar steady as market braces for Fed, G20

2009-09-20 00:00:00

NEW YORK, Sept 19 (AFP): The dollar held firm yesterday as traders consolidated positions and awaited next week's meeting of the US Federal Reserve and Group of 20 summit. The euro eased to 1.4706 dollars at 2100 GMT from 1.4740...

Sugar 'head and shoulders' may signal drop

2009-09-20 00:00:00

NEW YORK, Sept. 18 (Bloomberg): Sugar prices may decline as much as 16 per cent if futures don't top a 28-year high reached earlier this month and fall below a support level, said David Sadler, a Sucden Financial Ltd. manager,...

Sberbank says Opel deal useless without tech transfer

2009-09-20 00:00:00

MOSCOW, Sept 19 (AFP): Russia's part in the purchase of GM's Europe unit Opel will prove a waste of time if no Western technology is gained, German Gref, the head of deal participant Sberbank, was quoted as saying today. "The...

UN calls for setting up emergency food stocks

2009-09-20 00:00:00

GENEVA, Sept 19 (AFP): The UN's special rapporteur on the right to food yesterday called for emergency food stocks to be set up in order to respond better to the needs of the poor during times of crisis. "Establishing emergency...

Oil prices dip in profit taking

2009-09-20 00:00:00

NEW YORK, Sept 19 (AFP): Oil prices slipped yesterday under pressure from a slightly stronger dollar and profit taking from recent gains. New York's main contract, light sweet crude for October, dipped 43 cents to close at 72.07 dollars a...

Knit exporters eye African market

2009-09-20 00:00:00

FHM Humayan KabirThe country's knitwear manufacturers are going to explore potential overseas markets in Africa for selling their products as a delegation is expected to visit South Africa and Botswana early next month to search for buyers there, apparel manufacturers...

Expo Bangladesh 2009 trade fair begins in London November 1

2009-09-20 00:00:00

A three-day Bangladesh fair in London will begin on November 1 in a bid to popularise the products of the country, reports UNB.Bangladesh-British Trade Co-operation (BBTC) organises the Expo Bangladesh 2009 with the assistance of Bangladesh High Commission in London...

SIBL selects 'Ababil'

2009-09-20 00:00:00

FE ReportSocial Islami Bank Limited (SIBL) signed an agreement with Millennium Information Solution Ltd (Millennium) for implementation of "Ababil"- A true Islamic Shariah-based centralized and online banking application Thursday.The objective of SIBL for adopting "Ababil" as its core Islamic Banking...

Premier Bank opens 31st branch in Mymensingh

2009-09-20 00:00:00

Premier Bank Limited opened its 31st branch at Chhotto Bazar in Mymensingh Thursday. Chairman of the board of directors of Premier Bank Limited HBM Iqbal inaugurated the branch as the chief guest while Manager of the branch ABM Emdadul Karim...

Export, import increase remarkably through Benapole land port

2009-09-20 00:00:00

Exports and imports through the Benapole land port increased remarkably in the last five years. This has raised the government's revenue income from the land port and enhanced the activities in the customs house, reports BSS.According to Benapole land port...

Makeovers for ladies, gents in city beauty parlours

2009-09-20 00:00:00

Monira Begum MunniThe city beauty parlours both for men and women are doing brisk business ahead of Eid and Puja as they are flooded with ladies and gents eager to beautify themselves.They are going to the parlours to get different...

AKTEL hosts Iftar Mehfil for orphans

2009-09-20 00:00:00

AKTEL arranged an Iftar Mehfil for the orphans and underprivileged children of Dhaka at AKTEL Executive Club in the city recently, said a press release. AKTEL Managing Director Michael Kuehner hosted the iftar mehfil.More than hundred orphans from Anjuman Girls...

10-day vacation at Sonamasjid landport

2009-09-20 00:00:00

CHAPAINABABGANJ, Sept 19 (bdnews24.com): All export and import work at Sonamasjid landport will remain suspended for 10 days from tomorrow to September 29 for Eid-ul-Fitr and Durga Puja festivals.The port's customs department will reopen after Eid holidays.Government holiday will end...