FE Today Logo

Search results for:


Rich urged to waive poor's debts to help tackle global downturn

2009-07-27 00:00:00

FE ReportA national network of grass-root charities Sunday urged the rich nations to cancel Bangladesh's all outstanding external debts to help the country weather the fallout of global economic meltdown. Sushasoner Jonny Procharavizan (SUPRO) or Campaign for Good Governance made...

Auto-rickshaw drivers demand execution of govt-fixed daily rent

2009-07-27 00:00:00

FE ReportAuto-rickshaw drivers Sunday demanded an end to tyranny of owners and police harassment and also implementation of the government-fixed daily rent to be paid to the owners. The demands were made at a human-chain programme organised by Dhaka District...

BGFCL seeks Tk 2.45b to stop Titas gas seepage

2009-07-27 00:00:00

Bangladesh Gas Fields Company Ltd (BGFCL) has sought Tk 2.45 billion to stop gas seepage from Titas gas field in Brahmanbaria, reports BSS.The issue will be discussed at a Pre-ECNEC meeting to be held on August 5. Matters relating to...

Re-launching of 18 scrips takes KSE 19.39 points up

2009-07-27 00:00:00

KARACHI, July 26: Bull reigned the Karachi stock market during the week on support from buying activities as Securities and Exchange Commission of Pakistan (SECP) approved the re-launching of deliverable futures contract in 18 scrips.The Karachi Stock Exchange (KSE) 100-share...

US stocks rise as Dow posts best two-week gain in nine years

2009-07-27 00:00:00

NEW YORK, July 26 (Bloomberg): US stocks rose, completing the steepest two-week rally for the Dow Jones Industrial Average since 2000, as companies beat profit estimates and an increase in home resales signaled an economic recovery may be underway.Caterpillar Inc....

Indian stocks rise on earnings expectations

2009-07-27 00:00:00

MUMBAI, July 26 (Bloomberg): India's stocks rose, driving the benchmark to its highest in more than a month. Tata Motors Ltd. paced gains among automakers after Maruti Suzuki India Ltd. reported earnings that beat analysts' forecasts.Tata Motors advanced the most...

European stocks rally for second week

2009-07-27 00:00:00

LONDON, July 26 (Bloomberg): European stocks gained for a second week after companies from Roche Holding AG to Vodafone Group Plc reported better-than-estimated results, suggesting the economic slump is easing.Roche, the world's biggest maker of cancer medicines, and Vodafone, the...

Gold may drop as gain to highest since June 12 seen as overdone

2009-07-27 00:00:00

SINGAPORE, July 26 (Bloomberg): Gold, little changed in Asian trade, may decline on speculation that a recent rise to the highest in almost six weeks was overdone.Bullion climbed as much as 0.7 per cent to $957.55 an ounce, the highest...

Copper futures decline

2009-07-27 00:00:00

LONDON, July 26 (Bloomberg): Copper prices fell from a nine-month high as US consumer confidence dropped for the first time in five months, signaling a rebound in commodity demand may falter.The Reuters/University of Michigan final index of consumer sentiment decreased...

Corn, Soybeans decline

2009-07-27 00:00:00

NEW YORK, July 26 (Bloomberg): Corn fell, capping a seventh straight weekly decline, and soybeans dropped on expectations that cool weather and rain will boost yields in the US, tempering the effects of planting delays.The Midwest will be mostly cool...

Pass rate no substitute for educational reforms

2009-07-27 00:00:00

The results of the Higher Secondary Certificate (HSC) examinations for all educational boards, announced on Saturday, show a continuation of the trend of overall pass rate set above 70 per cent that has been noted in the recent years. Though...

Exploiting coal reserves: No more time to waste

2009-07-27 00:00:00

Shamsul Huq Zahid The government has recently decided to offer 15-year tax holiday facility to those new power plants, which would be able to start commercial production by June 2012. The facility that has come in contrast to the government's...

Skilled manpower a must for digital Bangladesh

2009-07-27 00:00:00

Kazi Mohoshin Al AbbasInformation communication technology (ICT), the backbone of any digital initiative, covers the vast areas of information technology (IT) and telecommunication technology to ensure connectivity. Materialisation of Prime Minister Sheikh Hasina's dream of a digital Bangladesh would require...

Tatty appearance of Dhaka University

2009-07-27 00:00:00

I am a proud student of the best educational institution in Bangladesh, Dhaka University. But I cannot accept the present appearance of the campus. All around the campus, thousands of drug-addicted and homeless people are seen. It seems that these...

On India's decision to halt rice, wheat exports to Bangladesh

2009-07-27 00:00:00

RECENTLY India has decided to stop exporting rice and wheat to Bangladesh. It is an alarm for Bangladesh that after the Tipaimukh Dam and the Indian High Commissioner's abrasive observations, this ban can be another threat to Bangladesh.But Bangladesh should...

Resignation of Shohel Taj

2009-07-27 00:00:00

SHOHEL Taj, who opened his mouth after a long gap, said that though he had resigned as the state minister for home on May 31, he did not disclose it on request from Prime Minister Sheikh Hasina.He also said that...

Need for reviewing anti-money laundering law to serve its real purpose

2009-07-27 00:00:00

M S SiddiquiEVERYBODY needs money both for living and luxury. People may earn money in honest ways or through illegal and criminal means. Money laundering is an illegal means of making money. It is the disguising, transferring, retaining, remitting or...

The saga of marginalised farmers

2009-07-27 00:00:00

Maswood Alam KhanWe who live in towns and cities and occasionally make some jaunts to villages for a picnic or for a sojourn in our grandparents' homes, but never did spend our childhood in villages, are starkly unaware how a...

Canada's economy makes steady recovery

2009-07-27 00:00:00

Gopal SenguptaTwelve countries have best survived the global recession. These are: Australia, China, India, Singapore, Hong Kong, Canada, Japan, Qatar, New Zealand, Malaysia, Sweden and Vietnam.There is a lot of hue and cry about economic slowdown in various countries. The...

Bottle-gourd cultivators in Joypurhat happy

2009-07-27 00:00:00

Our CorrespondentJOYPURHAT, July 26: Bottle gourd cultivation has rapidly gained popularity in the whole of Joypurhat. Consumers love it because it is a delicious vegetable. This year, bottle gourd was cultivated on 5,000 acres in the district, said DAE sources.Amena...

Chevron donates computers to Sylhet Press Club

2009-07-27 00:00:00

Chevron Bangladesh has donated two computers to the Sylhet Press Club.Chevron Bangladesh's Director (External Affairs) Naser Ahmed handed over the computers to the representatives of the Club at a simple ceremony recently, said a press release.Among others, Sylhet Press Club...

Nigeria struggles as oil output falls

2009-07-27 00:00:00

LAGOS, July 26 (AFP): Nigeria, the world's eighth largest oil producer, does not know exactly how much of the black gold it churns but one thing is certain-three years of militant attacks have led to a sharp decline. The country...

China tightening control over steel industry

2009-07-27 00:00:00

BEIJING, July 26 (AP): China's stolen secrets case against an Australian working for Rio Tinto Ltd. may have more to do with Beijing's push to tighten control over its huge steel industry than trying to dampen industrial espionage.Chinese officials have...

South Korea's fuel exports may plunge 44pc in second half

2009-07-27 00:00:00

SEOUL, July 26 (Bloomberg): South Korea, Asia's biggest exporter of oil products, may ship 44 percent less in the second half of this year after the global recession eroded returns from turning crude into diesel and jet fuel. Fuel exports...

Angola works to revive long-dormant coffee plantations

2009-07-27 00:00:00

LUANDA, July 26 (AFP): Angola, dependent on its oil and diamond exports, is working to revive its moribund coffee plantations to diversify its economy and revive a farm sector shattered by decades of civil war. Once the world's fourth-biggest coffee...

Iraq pulls Basra gas field from bidding round

2009-07-27 00:00:00

BAGHDAD, July 26 (AP): Iraq has removed a small gas field in Basra from a list of 11 oil and gas fields being offered for development in its second round of postwar bidding.A top Iraqi official overseeing oil and gas...

Algae blooms into promising biofuel

2009-07-27 00:00:00

WASHINGTON, July 26 (AFP): Some call it pond scum, but algae is drawing increasing attention as a source of biofuel that can help replace petroleum or fuels made from crops like corn or soybeans. The notion of using algae to...

German communities want a piece of the energy pie

2009-07-27 00:00:00

FRANKFURT, July 26 (AFP): From small towns that dream of heating homes with their own wood to major cities that are launching municipal power companies, German authorities want a slice of their energy markets. Picturesque Schmalkalden, population 21,000 in the...

Commodity Prices

2009-07-27 00:00:00

Commodity                  Last         Exchange WTI Light Crude            68.1300          ICE Brent Crude                 70.3200          ICE RBOB Gasoline            1.9159s           ICE Heating Oil                   1.7813s           ICE Nat Gas (NBP)            22.1900s         ICE Soybeans                     1021'0s           CME Robusta Coffee            1449.00          NYSE Cocoa #7 (₤)  ...

India launches its first N-powered submarine

2009-07-27 00:00:00

NEW DELHI, July 26 (Reuters): India launched Sunday its first nuclear-powered submarine capable of firing ballistic missiles, completing a nuclear triad encompassing land, air and sea, officials said.The submarine, Arihant, the first of two similar submarines to be built indigenously...