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KSE 100-share index sheds 67 points

2009-09-09 00:00:00

KARACHI, Sept 8: Negative sentiments dominated the trading session at the Karachi stock market on the first trading day of the week Monday as investors offloaded shares of blue chips of oil exploration, cement and bank sectors, according to Daily...

UK stocks advance, Metal Producers, Kingfisher shares rise

2009-09-09 00:00:00

LONDON, Sept. 8 (Bloomberg): U.K. stocks climbed, led by mining companies as base metals gained and gold futures rallied above $1,000 an ounce.BHP Billiton Ltd. and Randgold Resources Ltd. both rose more than 1 per cent, sending a measure of...

Most EU states back Franco-German milk price plan

2009-09-09 00:00:00

BRUSSELS, Sept 8 (AFP): A majority of EU member nations threw their weight yesterday behind a proposal from France and Germany to help European farmers hit by falling milk prices. At a meeting of European Union agriculture ministers in Brussels,...

Oil market 'very stable and healthy': Saudi minister

2009-09-09 00:00:00

VIENNA, Sept 8 (AFP): The oil market is "very stable and healthy" and the current is price "good for everybody," Saudi Oil Minister Ali al-Naimi said on arriving in Vienna today ahead of a meeting of the OPEC crude cartel....

Euro gains on dollar in Asia

2009-09-09 00:00:00

TOKYO, Sept 8 (AFP): The euro notched up fresh gains against the dollar in Asia today, boosted by mounting hopes that the German economy is on the mend after its worst slump in decades. The euro rose to 1.4395 dollars...

Egypt threatens mobile phone operators on Ramadan specials

2009-09-09 00:00:00

CAIRO, Sept 8 (AFP): Egypt is threatening to punish mobile phone operators with a freeze on new customer lines if they keep prices lower after the Muslim holy month of Ramadan, newspapers reported today. Main operators Mobinil and Vodafone Egypt...

MRDI programmes on business reporting end

2009-09-09 00:00:00

Our Correspondent JESSORE, Sept 08 : Management and Resources Development Initiative (MRDI) concluded its one year-long skills development programme on business reporting for Jessore-based journalists.MRDI organised a programme for sharing experience at a residential hotel in Jessore Saturday evening.Deputy Commissioner...

US satisfied with Pakistan's nuclear security : Gates

2009-09-09 00:00:00

WASHINGTON, Sept 8 (AFP): The United States is satisfied with the security of Pakistan's nuclear arsenal, US Defence Secretary Robert Gates said in an interview aired Monday, calling the arrangements in place "sufficient and adequate." "I'm quite comfortable that the...

UN warns Afghans over poll fraud

2009-09-09 00:00:00

The UN has called for a crackdown on Afghan poll fraud, amid mounting concerns about irregularities from last month's presidential election, reports BBC.UN envoy Kai Eide says results from all ballot boxes in areas where there is any evidence of...

Hezbollah criticises cabinet plan

2009-09-09 00:00:00

The leader of Hezbollah has criticised the Lebanese prime minister designate for proposing a national unity cabinet before agreeing it with the opposition, reports BBC.Hassan Nasrallah said the move was inappropriate and would complicate efforts to form a new government....

China says swine flu situation 'grim', France cases

2009-09-09 00:00:00

BEIJING, Sept 8 (AFP): China said Tuesday the country was facing a "grim" situation in its efforts to stave off fresh outbreaks of swine flu, as monitors in France said the number of cases there was much higher than claimed.The...

Taliban kill four Pakistani schoolchildren

2009-09-09 00:00:00

PESHAWAR, Sept 8 (AFP): Taliban militants Tuesday shot dead four schoolchildren and wounded six others in an apparent sectarian attack in a remote tribal town in northwest Pakistan, officials and residents said.The students were going to school in Atmankhel town...

Nepal seeks billion-dollar loan from China

2009-09-09 00:00:00

KATHMANDU, Sept 8 (AFP): Nepal has asked China for a one billion dollar loan to develop infrastructure in the desperately poor country, the foreign minister said Tuesday as she left for Beijing on an official visit. Sujata Koirala said the...

Five more Euro teams on brink of 2010 World Cup

2009-09-09 00:00:00

LONDON, Sept 8 (AP): Spain and England are among five European teams that can secure spot in the 2010 World Cup on Wednesday.France could be left with just the playoffs and Portugal may be all but out.Serbia, Denmark and Slovakia...

Samaraweera century takes Sri Lanka to 216

2009-09-09 00:00:00

Daryl Tuffey and Shane Bond, on their 50-over reappearance, teamed up like the old days and turned in a disciplined new-ball display to keep Sri Lanka to 68 for 4 after 25 overs. Tuffey and Bond bowled very straight and...

Argentina and France must be in World Cup: Torres

2009-09-09 00:00:00

MADRID, Sept 8 (AFP): The 2010 World Cup will suffer if Argentina, France and Portugal fail to qualify, Liverpool's Spanish international striker Fernando Torres said Monday. "A World Cup without Argentina, France or Portugal would not be the same. I...

Ballseye

2009-09-09 00:00:00

Saiful KaiserWasim Bari, former Pakistani wicketkeeper and now chief operation officer of the PCB says he is planning to hold some international matches on Pakistani soil in the next six months. Who will he invite? Players from Chechnya are a...

Thrust on improvement of infrastructure and attendant facilities

2009-09-09 00:00:00

FE ReportA delegation from India-Bangladesh Chamber of Commerce and Industry (IBCCI) led by its President, Abdul Matlub Ahmad called on the Executive Chairman, Board of Investment (BOI), Dr. S. A. Samad at his office Tuesday.The delegation exchanged views on matters...

First Security Bank opens Shreepur branch

2009-09-09 00:00:00

Shreepur branch of First Security Islami Bank Limited was opened at Gazipur Monday. Managing Director of the bank AAM Zakaria inaugurated of the branch while its Deputy Managing Director Md Abdul Quddus and Branch Manager Md Sayedul Hasan were present...

Share trading debut soon

2009-09-09 00:00:00

FE ReportMarico, a leading Indian Group in FMCG got listed with the Chittagong Stock Exchange (CSE) Tuesday.A group of senior officials visited CSE led by its Managing Director Mr. Debashish Neogi to sign the listing agreement.In the meeting among others...

Cash incentives for exports of plastic PET bottle flakes and finished leather introduced

2009-09-09 00:00:00

Monira Begum MunniThe government has introduced cash incentives for exports of plastic PET bottle flakes and finished leather at 10 per cent and 7.5 per cent respectively from the current fiscal. Official sources said the government provided subsidy for fourteen...

Discussion on management of Islamic banking

2009-09-09 00:00:00

A discussion on "Management of Islamic Banking and Poverty Alleviation" followed by Iftar Mahfil was organised by the foreign exchange branch of Islami Bank Bangladesh Limited (IBBL) at its head office in the city recently.Vice-chairman of the board of directors...

Country earns Tk 1.43b by exporting ships, JS told

2009-09-09 00:00:00

Bangladesh has earned about Tk 1.43 billion (143.45 crore) (US$ 20.85 million) in fiscal 2008-09 by exporting ships, Parliament was told Tuesday, reports UNB.Replying to a question of Shah Jikrul Ahmed (Brahmanbaria-5), Information Minister Abul Kalam Azad in absence of...

Swadesh Investment acquires FinCap

2009-09-09 00:00:00

A Memorandum of Understanding (MoU) has been signed between Swadesh Investment Management Limited (SIML) and FinCap Analyst & Advisory Services Limited (FinCap) recently in the city, said a press release.According to the understanding, SIML has acquired FinCap as a subsidiary...

PRAN signs corporate deal with Nandan Park

2009-09-09 00:00:00

FE ReportFrom now on, the visitors of Nandan Park are going to enjoy PRAN juice and mineral drinking water, country's largest brand in juice and drinks category, exclusively. A corporate agreement in this regard was signed Tuesday at the conference...

PDB, Rahimafroz sign deal to install solar power units at PMO

2009-09-09 00:00:00

FE ReportBangladesh Power Development Board (PDB) Monday signed an agreement with Rahimafroz Renewable Energy Limited to install independent solar power units at the Prime Minister's Office (PMO).PDB Public Works Department-2 executive engineer Choudhury Nuruzzaman and Rahimafroz managing director Munawar Misbah...

BASIC Bank opens remittance drive

2009-09-09 00:00:00

BASIC Bank Limited has started remittance drive through Western Union Money transfer services. Managing Director of the bank AKM Sajedur Rahman inaugurated the service in the city's Shantinagar branch recently, said a press release. Among others, Acting Managing Director of...

France Telecom shares jump on British merger plan

2009-09-09 00:00:00

PARIS, Sept 8 (AFP): Shares in France Telecom rose sharply Tuesday on news that it had joined Deutsche Telekom in talks that could lead to a merger of their British subsidiaries.The share in late-morning trade was up 2.84 per cent...

SJIBL opens its brokerage house at Agrabad in Ctg

2009-09-09 00:00:00

Brokerage House (capital market services division) of Shahjalal Islami Bank Limited (SJIBL) opened at Agrabad Unit in Chittagong Monday.Chittagong Stock Exchange Limited President Nasiruddin Ahmed Chowdhury inaugurated the house as the chief guest while Chairman of the board of directors...

Asian stocks higher as confidence returns

2009-09-09 00:00:00

HONG KONG, Sept 8 (AFP): Asian markets moved higher Tuesday on hopes for the global economy following a surge in business confidence in Australia and on upbeat forecasts in other parts of the region.Sydney jumped 1.56 per cent, Hong Kong...