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Gold climbs a fifth day as dollar drops on signs of recovery

2009-09-01 00:00:00

LONDON, Aug. 31 (Bloomberg): Gold rose for a fifth day, the longest run of increases in more than a month, as the dollar weakened on signs a recovery in global economies may be accelerating.Bullion climbed as positive economic data weakened...

India iron-ore exports may fall

2009-09-01 00:00:00

NEW DELHI, Aug. 31 (Bloomberg): India's iron-ore exports this month may decline 5 per cent to 10 per cent as China cuts purchases, a minerals industry group said.Enquiries from buyers of the main raw material used to make steel have...

Rubber slumps by 4.6pc

2009-09-01 00:00:00

TOKYO, Aug. 31 (Bloomberg): Rubber dropped by as much as 4.6 per cent as the yen climbed after the Democratic Party of Japan won national elections for the first time, and as a slump in Chinese stocks raised concern the...

Adequate rain boosts Aman transplantation in Tangail

2009-09-01 00:00:00

Our CorrespondentTANGAIL, Aug 29: Transplantation of Aman seedlings has been going on in full swing amid heavy rain-fall for the last few days in the district.Sources said continued light-to-heavy rain-fall has ended the drought-like situation here and the paddy fields...

Asian currencies mostly up in last week

2009-09-01 00:00:00

HONG KONG, Aug 31 (AFP): Asian currencies mostly rose against the dollar over the last week, with major players like the yen firming against the US unit, despite gloomy employment figures that raised doubts over the recovery of the world's...

India hungry for foreign oil despite home finds

2009-09-01 00:00:00

BARMER, India, Aug 31 (AFP): India's biggest oil find in decades is now on stream but the country, with its rapidly growing economy, will still be one of the hungriest consumers of foreign crude, analysts say. Prime Minister Manmohan Singh...

Turkey seeks to carve out new niche in global fashion industry

2009-09-01 00:00:00

ISTANBUL, Aug 31 (AFP): Turkey is seeking to carve out a new niche in the global fashion market by promoting its dynamic generation of young designers. With a solid reputation for textiles and production for big international brands like Gap...

Oil eases in Asia ahead of key US economic data

2009-09-01 00:00:00

SINGAPORE, Aug 31 (AFP): Oil fell in Asian trade today as investors awaited more data due out this week that they hope will show a recovery is underway in the US and other major economies, analysts said. New York's main...

Toyota developing anti-drunk driving gadget

2009-09-01 00:00:00

TOKYO, Aug 31 (AFP): Toyota Motor said today it was developing anti-drunk driving equipment that would lock the ignition of a vehicle if high levels of alcohol are detected in the driver. The system features a hand-held breathalyser, equipped with...

Malaysia ranked 11th most preferred study country

2009-09-01 00:00:00

KUALA LUMPUR, Aug 31 (Xinhua): Malaysia was ranked the world 's 11th most preferred study destination, a local media reported here on Saturday. The Star quoted Malaysian Higher Education Minister Mohamed Khaled Nordin as saying that the country was happy...

Citibank introduces new automated e-alert system

2009-09-01 00:00:00

FE ReportGlobal financial giant Citibank, N.A. has introduced its new automated e-alert system in the country, which the company says- would ensure secured financial information flow to its clients. Through this state-of-the-art service, account statements and transaction advises would be...

StanChart supports families of martyred army officers

2009-09-01 00:00:00

FE Report Standard Chartered Bank has extended its support to the families of the valiant Army Officers martyred in the fateful BDR incident earlier this year. Recently in an informal ceremony at the Dhaka Cantonment, the Bank handed over Insurance...

Southeast Bank opens 49th branch

2009-09-01 00:00:00

Southeast Bank Limited has opened its 49th branch at Tongi in Gazipur. Former Chairman and present Director of the bank Azim Uddin Ahmed inaugurated the branch as the chief guest Sunday, said a press release. Addressing the inaugural function Mr...

GP launches first branded handset

2009-09-01 00:00:00

FE ReportGrameenphone Ltd launched its first branded handset named 'Grameenphone V100' at a city hotel Monday. This is the first time ever that a mobile phone operator brings its handset to the market in Bangladesh.The handset, priced at a very...

Unilever's awareness on hygiene

2009-09-01 00:00:00

FE ReportIn bringing the message of hygiene to mass people, representatives from the world renowned Unilever brands- Lifebuoy and Pepsodent regularly visit different schools across the country where they aware children and parents of personal hygiene and how a simple...

DSE launches new method on index adjustment today

2009-09-01 00:00:00

FE ReportDSE indices as well as opening prices of the shares of a company will be adjusted following corporate benefits as per prescribed methodology of Madrid-based International Organization of Securities Commissions (IOSCO) with effect from today (Tuesday).

Leather sector now doubtful of promised stimulus package

2009-09-01 00:00:00

Monira Begum MunniAlthough the government has reduced leather export target to $230.52 million with a 30 per cent growth for the current fiscal year, the exporters apprehended that it was unachievable in the wake of global recession. The Export Promotion...

ONE Bank celebrates 10th founding anniversary

2009-09-01 00:00:00

FE ReportONE Bank Ltd celebrated its 10th founding anniversary recently and marked the occasion by hosting a colourful reception in honour of its clients. The reception was attended by business elite, members of the board of directors and senior executives...

Building For Future clients to get Prime Bank Home Loan

2009-09-01 00:00:00

From now on the prospective clients of Building For Future Limited will be able to avail Prime Bank's Home Loan (Swapna Neer) with a very special arrangement.In this connection, a memorandum of understanding (MoU) was signed between the two organisations...

Dacca Dyeing approves 10pc cash dividend

2009-09-01 00:00:00

The Dacca Dyeing and Manufacturing Company Limited approved a 10 per cent cash dividend for its shareholders for the financial year of 2008-2009.The approval was given at the 31st annual general meeting (AGM) of the company at a city hotel...

Prime Islami Life AGM approves 30pc stock dividend

2009-09-01 00:00:00

The ninth annual general meeting (AGM) of Prime Islami Life Insurance Limited approved 30 per cent stock dividend for the year that ended on December 31, 08. The AGM was held in the city Monday, said a press release.Chairman of...

Japan opposition takes on economy after landslide

2009-09-01 00:00:00

TOKYO, Aug 31 (AP): Japan's likely next prime minister rushed to select cabinet ministers Monday after his party trounced the ruling conservatives in elections and inherited a mountain of problems, including how to revive the world's second-largest economy.Yukio Hatoyama spoke...

Kadhafi hosts African summit on eve of anniversary

2009-09-01 00:00:00

TRIPOLI, Aug 31 (AFP): African leaders gathered in Libya Monday for a special summit to discuss the continent's trouble spots, on the eve of celebrations to mark 40 years of Moamer Kadhafi's rule.The conflicts in Somalia and Sudan are expected...

Myanmar refugees leave China as battles ending

2009-09-01 00:00:00

NANSAN, Aug 31 (AP): Myanmar refugees began heading home from China Monday as fighting between government troops and a rebel militia that left more than 30 people dead appeared to be over. More than 30,000 civilian refugees streamed into China...

Iraq seeks return of 19 MIG fighters from Serbia

2009-09-01 00:00:00

BAGHDAD, Aug 31 (Reuters): Iraq is negotiating the return of 19 fighter jets that Saddam Hussein's regime sent to Serbia for servicing at the end of the 1980s during the Iran-Iraq war, the Iraqi Defence Ministry said.A delegation had gone...

Afghan vote fraud claims soar

2009-09-01 00:00:00

KABUL, Aug 31 (AFP): Allegations of election fraud in Afghanistan soared Monday ahead of the release of a fourth tranche of results from presidential polls in which incumbent Hamid Karzai is apparently cruising towards victory.Officials are to announce results from...

Rebels kill two Indian soldiers in Kashmir

2009-09-01 00:00:00

SRINAGAR, Aug 31 (AP): Suspected Islamic insurgents fired at government forces and lobbed a hand grenade into a crowded shopping area in the Indian part of Kashmir Monday, killing two paramilitary soldiers and wounding seven people.Two soldiers patrolling the downtown...

news digest

2009-09-01 00:00:00

S Lanka journalist jailed on 'terror' chargesCOLOMBO, Aug 31: Sri Lanka's High Court sentenced a Tamil journalist to 20 years in prison Monday after convicting him on terrorism charges, officials said. JS Tissainayagam, 45, who contributed to the local Sunday...

Bangladesh city plans to switch T20 league to Sharjah

2009-09-01 00:00:00

A Bangladesh franchise Twenty20 league plans to shift next year's edition to Sharjah as venues in the country would be under renovation for the 2011 World Cup, officials said Monday, reports bdnews24.com. The Chittagong Divisional Sports Association, based in the...

Cricketer in a new role

2009-09-01 00:00:00

Former national cricket captain Habibul Bashar will spring a surprise for his ardent fans, as he will be seen in a new role in the coming Eid festival, reports BSS.Bashar, who has in the past thrilled the crowd with his...