WASHINGTON, July 25 (AFP): Federal Reserve chairman Ben Bernanke told lawmakers yesterday the central bank should remain in charge of consumer financial protection, opposing an administration proposal for a new regulator. Bernanke's comments clashed with those of Treasury Secretary Timothy...
MOSCOW, July 25 (Bloomberg): Russia's government is prepared to protect the country's steel industry, Prime Minister Vladimir Putin said as producers of the metal seek more state support. "We shouldn't be shy about using measures to protect the domestic market,"...
Our CorrespondentNATORE, July 25: Prices of mango has not eased even as the season comes to a close despite a bumper production this year in the country. The prices of mango were high this year compared to the previous year...
GENEVA, July 25 (AFP): The contraction in trade in response to the economic crisis appears to have begun bottoming out, with Asia already showing a rebound, World Trade Organisation chief Pascal Lamy said yesterday. But Lamy warned against "excessive optimism"...
WASHINGTON, July 25 (Xinhua): The coming high-level Strategic and Economic Dialogue (S&ED) between the United States and China will bring "closer and closer" the two nations' economic relations which are "important to the recovery of the world economy," Albert Keidel,...
LONDON, July 25 (AFP): Commodity markets rebounded this week on hopes that the US economy will haul itself out of recession and spur demand for raw materials. Upbeat US company results and rising home sales fuelled optimism that the world's...
TAIPEI, July 25 (AFP): Taiwan and China will begin negotiations on a comprehensive trade pact in October, in a further step towards closer economic ties between the two neighbours, a report here said today. Vice trade ministers from both sides...
Market started on a strong note especially for good liquoring varieties but eased towards the second half of the catalogue particularly for fannings. Blenders operated in fairly good strength but there was less interest from the loose tea section and...
STOCKHOLM July 25 (AP): Swedish wireless equipment maker LM Ericsson Saturday said it had penned a deal to buy a majority of Nortel Networks' North American wireless business for $1.13 billion.The Stockholm-based group said the purchase is on a cash...
SEOUL, July 24 (AFP): Samsung Electronics Co., the world's leading computer memory chipmaker, said today it had achieved "outstanding" second-quarter results due to a recovery in prices and demand. For the three months to June, it posted a net profit...
NEW DELHI, July 25 (AFP): India warned yesterday that patchy monsoon rains were threatening its lifeline rice crop and said it would ban food exports as part of a plan to prevent any crisis. Agriculture Minister Sharad Pawar told parliament...
THIMPHU, July 25 (PTI): It is economically more beneficial for Bhutan to supply power to its industries than export it to India, a new study has claimed. The study by the Ministry of Economic Affairs (MOEA) and the Royal Audit...
MUMBAI, July 25, (AFP): India's largest private sector airline, Jet Airways, reported today it swung to a first-quarter net loss from a profit in the same period a year earlier, hit by over-capacity and high interest costs. The company said...
MUMBAI, July 25 (PTI): Buoyed by a weak dollar overseas, the Indian rupee yesterday surged by another 22.50 paise to 48.22/23 against the US currency in tandem with firm equity markets amid some dollar demand from oil refiners. In otherwise...
Copper Bid/Ask 2.4961 -2.5007 Change +0.0045 +0.18% Low/High 2.4939 -2.5007 Nickel Bid/Ask 7.5379 -7.5833 Change +0.0113 +0.15% Low/High 7.5266 -7.5833 Aluminum Bid/Ask 0.7979 -0.8002 Change +0.0023 +0.29% Low/High 0.7957 -0.8002 Zinc Bid/Ask 0.7507 ...
Commodity Last WTI Light Crude 21:48:24 Brent Crude 21:34:11 RBOB Gasoline 20:00:25 Heating Oil 20:00:11 Nat Gas (NBP) 16:32:32 Soybeans 18:43:19 Robusta Coffee 21:00:28 Cocoa #7 (₤) 21:00:26 Sugar #11 21:00:21 Wheat ...
Iraqi Kurds are voting in a double election to choose a new parliament and president for their autonomous region in the north of Iraq, reports BBC.Some 20,000 troops have been stationed at polling stations, with 2.5 million people are registered...
Iranian President Mahmoud Ahmadinejad has dismissed his most senior vice-president, it has been reported, reports BBC.The decision, the state news agency Irna said, came after Supreme Leader Ayatollah Ali Khamenei ordered Mr Ahmadinejad to do so.First Vice-President Esfandiar Rahim Mashaie...
The swine flu virus has reached 160 countries and could infect two billion people within the next two years, the World Health Organisation has said, reports BBC.A senior WHO official, Keiji Fukuda, said the virus was still in its early...
JAKARTA, July 25 (AFP): Indonesian opposition leader Megawati Sukarnoputri rejected Saturday President Susilo Bambang Yudhoyono's landslide re-election win and will challenge the results in court, a spokesman said.Megawati's campaign will lodge a challenge to the results of the July 8...
WASHINGTON, July 25 (AFP): Barack Obama has sought to defuse the first race row of his presidency, saying he regretted having said a white policeman acted "stupidly" in arresting a black Harvard professor. Obama, the nation's first African American president,...
Scientists say they have found a new way to mend damage to the heart. When cells turn into fully-formed adult heart muscle they stop dividing, and cannot replace tissue damaged by disease or deformity, reports BBC. But a US team...
Rockfall kills three in China quake zoneBEIJING, July 25: Three people were killed and 12 injured Saturday when a rockfall hit a bridge in Wenchuan, the epicentre of the quake which devastated southwest China last year, state media reported. The...
FE ReportDelta Brac Housing Finance Corporation Ltd (DBH) has decided to float a mutual fund to the tune of Tk 1.0 billion subject to the approval of Securities and Exchange Commission (SEC)."We have recently applied to the SEC for the...
The country can fetch US $ one billion by exporting knitwear to Japan within next five years, if proper steps are taken, reports BSS.Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) President Fazlul Haque said this after his return home from...
KUALA LUMPUR, July 25 (AFP): Asia Pacific airlines suffered a steep decline in passengers and cargo traffic in the first half of 2009, an industry group said Friday, warning the outlook remains challenging.The Association of Asia Pacific Airlines (AAPA) said...
The Financial Administration Division of National Bank Limited (NBL), Head Office conducted a day-long training workshop on ‘Implementation of New Capital Accord Basel-II’ on its Khulna branch premises recently, said a press release. Senior Vice President and Regional Head of...
FE ReportAugure Bangladesh Limited started its journey in the country recently through a formal soft launching, thus becoming the first company to go for trial operation of the WiMax wireless broadband internet service. The UK-based Augure Holdings NL has teamed...
Our CorrespondentBRAHMANBARIA, July 25: United Commercial Bank (UCB) Limited Brahmanbaria branch, in association with Bangladesh Bank, arranged a training programme on 'Money Laundering Prevention Act-2002' for the executives and officers of all scheduled banks in the district at Zilla Parishad...
NCC Bank Brokerage House opened a new branch at Jubilee Road, Chittagong on Thursday, said a press release.Chairman of NCC Bank Yakub Ali formally inaugurated the new branch as chief guest. Jubilee Road is the12th branch of NCC Bank Brokerage...
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