MELBOURNE Aug. 4 (Bloomberg): Iron ore is poised to decline from a nine-month high as rising stockpiles may reduce shipments to China, the biggest buyer of the steelmaking material. Iron ore swaps for settlement in April, the start of the...
JOHANNESBURG, Aug. 4 (Bloomberg): South African vehicle sales declined 27.4 per cent in July from a year ago, a bigger drop than the previous month, as the economy's first recession in 17 years and rising job losses curbed consumer spending....
CHICAGO, Aug. 4 (Xinhua): Grain futures in Chicago Board of Trade finished much higher yesterday as dollar plunged and the forecasts called for hot and dry weather in Midwest. Soybean future for November delivery rose 48.5 cents to settle at...
Our CorrespondentRAJSHAHI, Aug 4: Small investors of Rajshahi are incurring losses buying paper shares as they fail to deposit those for selling even after maturity because of alleged negligence of brokarge houses concerned, sourses said. Investors alleged that they purchased...
FE Report Call money rate remained stable Tuesday while the US dollar was unchanged against the local currency in the inter-bank foreign exchange market, treasury officials said. The call rate ranged between 0.10 per cent and 3.25 per cent on...
Chevron Bangladesh observed recently the third anniversary of its Alternative Livelihood Programme, which is a skill development and income generation project for neighbouring community of Bibiyana and Moulavi Bazar gas fields.Chevron Bangladesh President Steve Wilson handed over a cheque to...
FE Report ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB) has recently announced Net Asset Value (NAV) of its five unit funds, said a press release.The total NAV of ICB AMCL First NRB Mutual...
FE ReportExpatriates' Welfare and Overseas Employment Minister Engineer Khandaker Mosharraf Hossain insisted Tuesday that there had not been a marked fall in the number of Bangladeshi workers going abroad and remittance inflow due to the global economic meltdown.His comments came...
Standard Chartered PLC announced Tuesday another record performance for the first half of 2009 with income rising 14 per cent to US$7.96 billion and operating profit before tax of 10 per cent to $2.84 billion. The Group has seen substantial...
HSBC plc announced its 2009 interim results Monday in London. The results covered the HSBC Group's financial performance for the first half of the year, says a press release. The interim results show that despite the tough economic environment, HSBC...
The Executive Committee of the National Economic Council (ECNEC) Tuesday approved four development projects involving about Tk 15.37 billion, reports UNB.Of the amount, the government will finance Tk 6.06 billion while the remaining will be mobilised from project aid. The...
Prime Minister Sheikh Hasina underscored the need for enhancing bilateral trade between Bangladesh and Pakistan to reduce the existing trade imbalance, reports BSS. "There are huge potentials for enhancing bilateral trade and due importance should be given to rectify the...
Grameenphone Ltd has taken another step forward in real-time banking solutions for its postpaid customers with the signing an agreement with IFIC Bank Ltd, said a press release.From now on, all enlisted branches of IFIC Bank Ltd. will be providing...
PARIS, Aug 4 (AFP): Rising car sales are offering a glimmer of hope for the depressed international auto sector, but analysts stress that the positive data is largely dependent on temporary government bonus schemes. The auto sector was one of...
Muhammad AliTHE latest monetary policy announced on July 19, the first policy statement of the Bangladesh Bank (BB) under its new Governor Dr. Atiur Rahman, puts stress on growth, investment and employment generation."The monetary policy seeks to anchor inflation expectations...
The Kondh tribe says the opening of the bauxite mine will destroy a large part of the Niyamgiri Mountain in the eastern Indian state of Orissa. An elder of the tribe was to attend the meeting, while environmental campaigner Bianca...
THROUGH your esteemed daily, I would like to thank our learned finance minister for granting me an interview on July 20, 2009.During our brief meeting, I apprised the Minister of the need for development and commercial utilisation of our beach...
Even though the series win was against a second string team (so to say), they still wore the colours of the West Indies and the records will show Bangladesh won all the Tests in the series as well as all...
WE have come to know through the media that some of the MPs have been on a visit to the West Indies to inspire the Tigers as they have won their first-ever overseas series, both in Test and ODI matches,...
THERE are lots of truth in what the owners of readymade garment (RMG) units are saying about vested interest groups working behind the wings to destroy the RMG sector. Government not only needs to pay the highest attention to these...
Our products sell well in the global market, including the US and Europe. The exports from eight EPZs increased to US$ 2581.70 million in fiscal 2008-2009 from $2430 million in fiscal 2007-08. But investment tell to US$ 148.02 million from...
AWAMI League (AL) MP from Satkhira, Engineer Sheikh Mujibur Rahman, was recently beaten up by another AL leader during a party meeting at the local municipality auditorium. The local AL has formed a three-member committee to look into the matter...
MOST students in Bangladesh are poor. They need financial support to study. The government of Bangladesh introduced primary scholarship programme long ago to aid the students financially and to attract them to study. The thana-wise quota has been introduced to...
WEST African nations offer a tremendous opportunity for Bangladeshi products to grab the markets. We can export pharmaceuticals, garments, toiletries, jute and leather items and many other products to these countries. Liberia, Benin, Nigeria, Burkina Faso, Senegal and Ghana in...
MUFTI Habibur Rahman's letter on saying the Tarabih prayer, which was published in The FE some days ago, drew my attention. According to the writer, Tarabih prayer that the Muslims say during Ramadan is not mentioned in the holy Quran...
SEOUL, Aug 4 (AP): Former US President Bill Clinton made an unannounced visit to communist North Korea Tuesday on a trip seen as a mission to win the release of two jailed American reporters and to ease tensions over Pyongyang's...
TOKYO, Aug 4 (Reuters): Japan should ease restraints on the military, partly to boost its alliance with Washington, a government panel proposed Tuesday, but the opposition Democrats said they would rethink such plans if they took power.The panel's proposals would...
BANGKOK, Aug 4 (Reuters): A pilot died and at least seven passengers were injured when a commercial plane slid off a runway into a disused control tower on the Thai tourist island of Koh Samui Tuesday, police and aviation officials...
WASHINGTON, Aug 4 (AFP): US Secretary of State Hillary Clinton was en route to Africa Tuesday for a wide-ranging trip starting in Kenya, where she will seek action to stabilise neighbouring Somalia and push for free trade with the continent.The...
KANDAHAR, Aug 4 (AFP): Suicide and rocket attacks killed five people and wounded more than 20 others across Afghanistan Tuesday, fanning security fears just over two weeks before elections.A provincial governor survived an assassination attempt just 10 kilometres outside the...
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