FE Today Logo

Search results for:


Market eases for fanning

2009-07-26 00:00:00

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...

Ericsson buys Nortel wireless units for $1b

2009-07-26 00:00:00

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...

Samsung Electronics reports 'outstanding' Q2 results

2009-07-26 00:00:00

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...

India warns scanty rains to hit rice crop, bans food exports

2009-07-26 00:00:00

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...

Power export to India not beneficial for Bhutan

2009-07-26 00:00:00

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...

India's private carrier Jet Airways shows Q1 net loss

2009-07-26 00:00:00

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...

Rupee surges further by 22.50 paise

2009-07-26 00:00:00

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...

Metal Prices

2009-07-26 00:00:00

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 Prices

2009-07-26 00:00:00

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 vote in dual election

2009-07-26 00:00:00

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 vice-president 'sacked'

2009-07-26 00:00:00

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...

Swine flu could infect two billion people within two years

2009-07-26 00:00:00

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...

Megawati rejects Indonesia president's re-election

2009-07-26 00:00:00

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...

Obama acts to defuse police race row

2009-07-26 00:00:00

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,...

'New way' to repair heart damage

2009-07-26 00:00:00

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...

news digest

2009-07-26 00:00:00

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...

DBH to float mutual fund worth Tk 1.0 billion

2009-07-26 00:00:00

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...

Knitwear export to Japan can fetch billion dollar

2009-07-26 00:00:00

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...

Asian airlines suffer 'decline in passengers, cargo'

2009-07-26 00:00:00

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...

NBL holds workshop

2009-07-26 00:00:00

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...

Formal soft launching of Augure Bangladesh

2009-07-26 00:00:00

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...

Workshop on 'Money Laundering Prevention Act-02' held at B'baria

2009-07-26 00:00:00

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...

New branch of NCC Bank Brokerage House in Ctg

2009-07-26 00:00:00

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...

Asian markets end higher

2009-07-26 00:00:00

HONG KONG, July 25 (AFP): Asian markets rose again Friday as sentiment was boosted by Wall Street hitting a high for 2009 due to another set of better than expected earnings figures.TOKYO: Up 1.55 per cent. The Nikkei-225 climbed 151.61...

SIBL opens 32nd branch in Sylhet

2009-07-26 00:00:00

FE Report Social Islami Bank Limited (SIBL) opened its 32nd branch (South Surma Branch) at Chandirpool Buypass Road in Sylhet Thursday, said a press release. SIBL Vice-chairman Md Sayedur Rahman formally inaugurated the branch as the chief guest, while its...

IPO Diary

2009-07-26 00:00:00

Marico Bangladesh LimitedNature of BusinessManufacturer and marketer of well-known consumer brand like Parachute, Parachute Beliphool, Aeromtic, Camelia etc.Subscription OpenAugust 02, 2009Subscription CloseAugust 06, 2009For Non resident BangladeshiFrom August 02, 2009 to August 16, 2009Offer PriceTk 90.00 Face ValueTk 10.00Market lot50...

Tigers keen on winning at newest venue

2009-07-26 00:00:00

ROSEAU, Jul 25 (AFP): Bangladesh hope to christen international cricket's newest venue with victories in the first three one-dayers against West Indies Sunday at Windsor Park here. The Tigers would have probably had low expectations prior to their arrival in...

Vaas denies he was forced to retire

2009-07-26 00:00:00

COLOMBO, Jul 25 (AFP): Sri Lanka's veteran seamer Chaminda Vaas insists his international career is not over despite retiring from Test cricket and finding himself dumped from the limited-overs game. The left-armer (35) ended his Test career at the end...

Berbatov sinks Seoul in comeback MU win

2009-07-26 00:00:00

SEOUL, Jul 25 (Reuters): Manchester United fought back twice to beat FC Seoul 3-2 in the South Korean capital Friday, Dimitar Berbatov scoring the winner to maintain United's unbeaten record on their pre-season tour of Asia. The Premier League champions,...

Bangladesh bag ODI series

2009-07-26 00:00:00

Touring Bangladesh Under-19 team won the five-match Youth ODI Series 2-1 beating hosts England Under-19 side by one wicket with one over to spare in the 5th and final match at the Hove County ground in England Friday, UNB reports.Hosts...