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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...

Myanmar slams Clinton following ASEAN meeting

2009-07-27 00:00:00

YANGON, July 26 (AP): A Myanmar state-run newspaper accused Sunday US Secretary of State Hillary Rodham Clinton of interfering in the affairs of the Association of Southeast Asian Nations (ASEAN) after she urged its members to press for more democratic...

Unrest claims 18 lives in Afghanistan

2009-07-27 00:00:00

KABUL, July 26 (AFP): Afghan security forces backed by foreign troops killed 16 insurgents in eastern Afghanistan, the defence ministry said Sunday, also announcing the deaths of two soldiers as Taliban-linked violence spikes.The rebels were killed Saturday as troops pounded...

Iran hardliners press criticism of Ahmadinejad over VP

2009-07-27 00:00:00

TEHRAN, July 26 (AFP): Iranian President Mahmoud Ahmadinejad's decision to sacrifice his pick as first vice president a week after being ordered to do so by the supreme leader failed to satisfy hardline critics Sunday who said he should have...

N Korea 'threatens to retaliate' against UN sanctions

2009-07-27 00:00:00

SEOUL, July 26 (AFP): North Korea's defence minister promised to retaliate against tough new UN sanctions put in place following its missile and nuclear tests, state media reported Sunday.Kim Yong-Chun warned that "a touch-and-go situation" was caused by what he...

Japan PM cancels visit to disaster-hit region

2009-07-27 00:00:00

TOKYO, July 26 (AFP): Japanese Prime Minister Taro Aso cancelled Sunday his visit to the disaster-hit western Yamaguchi prefecture, where 14 people died in landslides, as torrential rain continued to pound the area."Heavy rain is still falling in Yamaguchi and...

British PM urges party 'discipline'

2009-07-27 00:00:00

LONDON, July 26 (AFP): British Prime Minister Gordon Brown urged his governing Labour Party to show some "discipline" after a punishing by-election defeat caused alarm in the ranks, in an interview published Sunday. Brown said there was plenty of work...

US in diplomatic push for Mideast peace

2009-07-27 00:00:00

WASHINGTON, July 26 (AFP): Defence Secretary Robert Gates heads to the Middle East Sunday as part of a broader diplomatic push by President Barack Obama to breathe life into faltering peace talks between Israel and the Palestinians, US officials said.Gates'...

news digest

2009-07-27 00:00:00

Guinea-Bissau votes in presidential runoffBISSAU, July 26: Voters went to the polls Sunday in Guinea-Bissau for a presidential runoff between two former heads of state of the coup-prone West African nation, whose veteran leader was assassinated in May. Observers hope...

Standard Bank to launch merchant banking July 30

2009-07-27 00:00:00

FE ReportStandard Bank Ltd, a leading third generation private commercial bank is going to launch merchant banking on July 30."We are set to launch our operation in the country's growing stock market to ensure our profitability and diversification of businesses...

NBL Dhaka region holds review meet

2009-07-27 00:00:00

A review meeting of the regional branches of National Bank Limited (NBL) in the capital was held at the bank's head office. The review meeting was held for achieving business targets for 2009 forecast by the management of the bank....

Southeast Bank opens new branch

2009-07-27 00:00:00

Southeast Bank Limited has opened its 47th branch at Madambibir Hat of Bhatiary in Sitakunda under Chittagong district.Former chairman and Director of the bank Azim Uddin Ahmed inaugurated the branch recently, said a press release. Speaking on the occasion, Mr...

Recurrence of paracetamol-related tragedy

2009-07-26 00:00:00

Nothing can be more painful than the news about the death of children from consuming adulterated paracetamol, a widely used over-the-counter analgesic and anti-pyretic drug. According to newspaper reports, some 34 children had acute renal failure, caused by paracetamol syrup...

Containing price spiral of essentials

2009-07-26 00:00:00

Shahiduzzaman KhanPRICES of essential commodities are spinning out of reach of the common people well ahead of Ramadan. Monsoon rain, drought, scanty supply and various other factors are being cited as the reasons for the phenomenal price hike of essentials...

Dangers from indoor pollution

2009-07-26 00:00:00

Firoz AhmedA non-governmental organisation carried out a survey the results of which ought to create a great deal of concern, to say the least. According to the survey results, 90 per cent of children in the country are afflicted by...

The talk shows

2009-07-26 00:00:00

IN the TV talk shows we see the same faces speaking on every issue. As if there is nothing they do not know including politics, economics, culture, law, mineral resources and what not. Is it possible for a small group...

Effective steps are needed to address demographic boom

2009-07-26 00:00:00

AN unchecked demographic boom has already created imbalances in the country's social system. This will eventually also affect its economic growth. The population growth is set to exercise pressure on our educational, health and social systems, on our society and...

Please mind your tongue

2009-07-26 00:00:00

A few days ago Indian High Commissioner, Pinak Ranjan Chakravarty, called the Bangladeshis 'touts' and 'brokers'. He added that around 25,000 Bangladeshis do not return from India every year. I, like all other Bangladeshis, strongly protest and would like him...

So many OSDs

2009-07-26 00:00:00

A huge number of good officers, including additional secretaries, have been made Officers on Special Duties (OSDs). This gives a very wrong signal about the state of public administration at its higher levels in Bangladesh. Has the government stopped paying...

Bangladesh-India economic relations

2009-07-26 00:00:00

Syed JamaluddinTHE visiting high powered Indian business delegation on July 20 last urged the government of Bangladesh to increase connectivity between the two countries to enhance bilateral and regional trade. This was stated in the seminar held in a local...

The hot debate in Bangladesh on Tipaimukh: The other side

2009-07-26 00:00:00

Bijon B. SarmaTHE government of India has taken up a project for the construction of a dam for the purpose of power generation at a place known as Tipaimukh on the Barak River in Assam. After having preliminary information from...

HIGHLIGHTS

2009-07-26 00:00:00

Life In A MetroOn STAR Plus Sunday at 1-30 pm. The lives of a group of people, who live in Mumbai are told in this tale, which revolves around Rahul - who occupies an apartment owned by his uncle, and...

TallTales &Trouble

2009-07-26 00:00:00

Moushumi has a house in Uttara but she doesn't live there anymore. Sometimes the place is used for shooting of television dramas or movies. Last week a scene of Md Mustafa Kamal Raj directed television drama "Nimnochap" (Depression) was shot...