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Dhaka stocks close high

2009-09-18 00:00:00

FE ReportDhaka stocks finished with happy ending Thursday as Dhaka's benchmark index closed at high level with the hope of better-than- expected return after the long nine-day vacation on the occasion of Eid-ul-Fitr starting from today.The Dhaka Stock Exchange's (DSE)...

US fails to make payment to UN

2009-09-18 00:00:00

From Fazle Rashid NEW YORK, Sept 17: The United States, richest nation in the world, is in arrear in payment of its contribution to the cash strapped UN including $2.2 billion it promised to UN peacekeeping. The Obama administration, in...

US fails to make payment to UN

2009-09-18 00:00:00

From Fazle Rashid NEW YORK, Sept 17: The United States, richest nation in the world, is in arrear in payment of its contribution to the cash strapped UN including $2.2 billion it promised to UN peacekeeping. The Obama administration, in...

BB allows banks to keep open tomorrow

2009-09-18 00:00:00

FE Report The commercial banks are free to keep open their all branches or selective branches tomorrow (Saturday) to facilitate the business activities across the country before the vacation for Eid-ul-Fitr officially begins from Sunday. The central bank issued a...

Call rate hits 11pc on last working day

2009-09-18 00:00:00

FE Report The inter-bank call money rate maintained an upward trend Thursday, the last working day before the Eid festival, despite injection of fresh funds by the central bank. "The call rate increased on the day following heavy cash withdrawal...

Int'l Ozone Day observed

2009-09-17 00:00:00

The International Ozone Day was observed Wednesday in the city as also elsewhere in the world for creating awareness about depletion of the ozone layer and its adverse effects on this planet's environment, reports UNB.Since 1995, the day has been...

ICT co develops new solution

2009-09-17 00:00:00

FE ReportAn ICT company of the country developed its first application ‘Programme Your Spouse’ solution for Apple’s app store online.Nazimcorp Resource Gateway (NRG) built up the application and placed it on the app store online, a press release said.“The easy-to-use...

Shamsuddin Ahmed passes away

2009-09-17 00:00:00

FE ReportAKM Shamsuddin Ahmed, former Director of Public Relations of Bangladesh Power Development Board (BPDB) died of a heart attack in New York on September 14, a press release said.He was 75 years old at the time of his death....

British Council offices to remain closed September 20-24

2009-09-17 00:00:00

British Council Offices in Dhaka, Chittagong and Sylhet will remain closed from September 20 to 24 on the occasion of the Eid-ul-Fitr, says a press release.However, examinations scheduled during this period will be held as usual. The offices will reopen...

Dr Rumana’s death anniversary Friday

2009-09-17 00:00:00

The third death anniversary of Dr Rumana Rashid of Holy Family Hospital will be observed tomorrow (Friday), says a press release.She died in a tragic road accident on September 18 in 2006. On the occasion Quran Khwani and Milad Mahfil...

Indian stocks advance on speculation US recession has ended

2009-09-17 00:00:00

MUMBAI, Sept. 16 (Bloomberg): India's benchmark stock index rose for the second day after US Federal Reserve Chairman Ben S. Bernanke said the worst US recession since the 1930s has probably ended, raising optimism for a return to global growth.Tata...

KSE 100-share index sheds 46 points

2009-09-17 00:00:00

KARACHI, Sept 16 : The Karachi stock market witnessed selling activities Tuesday as foreign investors preferred to book profits.The Karachi Stock Exchange (KSE) 100-share index declined by 45.81 points or 0.50 per cent to close at 9,029.45 points as compared...

European stocks rise

2009-09-17 00:00:00

LONDON, Sept. 16 (Bloomberg); Stocks in Europe and Asia advanced as billionaire investor Warren Buffett said his company is buying equities and higher commodity prices lifted raw-material producers. US futures gained.BHP Billiton Ltd., the world's biggest mining company, increased 2.7...

Fisher sees V-shaped recovery for global stocks

2009-09-17 00:00:00

NEW YORK, Sept. 16 (Bloomberg): Global stocks are in the middle of a "V-shaped recovery," led by emerging markets, that will last for at least another six months, billionaire investor Kenneth Fisher said."The bigger and uglier the bear market, usually...

Indian sugar buyers may delay imports as domestic prices fall

2009-09-17 00:00:00

NEW DELHI, Sept. 16 (Bloomberg): Raw sugar buyers in India, the world's biggest consumer, may delay imports on speculation domestic prices might decline when cane crushing begins, according to JRG Wealth Management.Domestic prices may fall as much as 15 per...

Rubber climbs as US consumer spending boosts demand optimism

2009-09-17 00:00:00

TOKYO, Sept. 16 (Bloomberg): Rubber jumped, advancing for a second day, after US retail sales in August expanded by the most in three years, increasing speculation that a recovery in the world's largest economy will swell demand.Futures in Tokyo surged...

Euro hits nine-month high against dollar

2009-09-17 00:00:00

TOKYO, Sept 16 (AFP): The euro struck a new nine-month high against the dollar in Asia today as investors snapped up riskier assets, reflecting mounting hopes for a global economic recovery. The euro rose to as high as 1.4696 dollars-levels...

Eid shopping gaining momentum

2009-09-17 00:00:00

Our CorrespondentSIRAJGONJ, Sept 16: Eid shopping has gained momentum here with some days left for Holy Eid-ul-Fitr.Almost all the shopping centres of the town are full of customers. The customers are mainly women and children. The customers are gathering at...

Strong demand for good liquoring teas

2009-09-17 00:00:00

A strong demand prevailed for well-made good liquoring teas, which were well supported by all sections of the market. Pakistan buyers re-entered the market for selective lines. Dusts were strongly competed for and were dearer.Ctc leaf: 23,412 packages and 13...

Iftar items mark sharp rise

2009-09-17 00:00:00

Our CorrespondentSIRAJGONJ, Sept 16: Prices of Iftar items have registered a sharp rise in the local markets at the last stage of holy month of Ramadan. The sudden price hike puts low income fasting Muslims in difficulties. Most of the...

Chittagong Port

2009-09-17 00:00:00

Berthing PositionSeptember 17, 2009Berth No. NV                     Cargo     LC       LA           DA       Leaving I/DJ/2        Zenovia                 GI          Mala    Barwil      11/09   15/09 3197J/3        Rahman-Noor-Rahman GI   Yang    Cla           07/09   17/09   815J/4        Jin Jui                     Wheat    Seves    Pol           24/08   16/09 1013J/5        An Yue Jiang          GI          Mala    Cosco      ...

exchange rate

2009-09-17 00:00:00

Exchange Rate September 16, WednesdayThe following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Wednesday.Selling rates to public (outward remittance)Bank USD Euro GBP JPY CHF CAD AUDSCBs Sonali Bank 69.3500 101.8897...

Top taxpayers seek CIP status

2009-09-17 00:00:00

FE ReportTop taxpayers have sought CIP (commercially important person) status in recognition to their contribution in the national exchequer.Talking to the FE, highest taxpayer of the last two consecutive years Nani Gopal Saha said: "I have received a card as...

StanChart becomes official sponsor of Liverpool FC

2009-09-17 00:00:00

Standard Chartered (StanChart) Bank has become the official sponsor of Liverpool Football Club.A four-year agreement was signed between the two sides to this effect, said a press release.Under the deal, effective from July, 2010 and continuing until the end of...

Local refiners find niche in world sugar market

2009-09-17 00:00:00

Jasim Uddin Haroon Bangladesh is going to add just another item to its export basket as the country's private sector sugar refiners have found markets abroad, thanks to a slump in production in India, a major world supplier.Local entrepreneurs said...

Holcim Jury Board meeting held

2009-09-17 00:00:00

FE ReportThe Jury Board Members of Holcim Green Built Bangladesh contest attended a meeting recently in a city hotel."Holcim Green Built Bangladesh" contest is an initiative of HoIcim (Bangladesh) Ltd, with the mission to create a culture of sustainable development...

Rahimafrooz to launch solar panel assembly factory next yr

2009-09-17 00:00:00

Fazlur RahmanRahimafrooz will launch a solar panel assembly factory next year, the first of its kind in Bangladesh, to provide customers better product at competitive prices, officials said Wednesday.Rahimafrooz Renewable Energy Ltd (RRE), a sister concern of the more than...

Nine cos to take part in UK Call Centre Expo

2009-09-17 00:00:00

The Bangladesh Association of Call Centre and Outsourcing (BACCO) is going to take part in the UK Call Centre Expo-2009 to be held in Birmingham on September 22-23. Nine Bangladeshi companies are going to take part in the expo under...

AB Bank hosts Iftar at Islamic Banking Branch

2009-09-17 00:00:00

An Iftar Mahfil was arranged in the Islamic Banking Branch of AB Bank recently in the city. Mr. A. B. M. Abdus Sattar, head of Islamic banking branch welcomed the guests for participating at the Iftar mahfil. Director of South...

Biman to hire two Boeing 777-200ER for resuming long-suspended flights

2009-09-17 00:00:00

Mashiur RahamanState-owned carrier Biman will procure two fuel-efficient Boeing 777 aircraft from a Portuguese leasing company in an effort to resume its suspended long haul flights, an official said Monday. Biman's board has agreed to sign a letter of intent...