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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...

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...