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Ctg Urea Fertiliser loses Tk 1.0b due to gas shortage

2009-07-23 00:00:00

Our CorrespondentCHITTAGONG, July 22: Chittagong Urea Fertiliser Limited (CUFL) incurred enormous losses of more than Tk 1.0 billion since the last week of April this year due to crisis of gas-supply that led to suspension of production, sources said.Gas crisis...

Commodity Future

2009-07-23 00:00:00

style="background: #d2e1e8; mso-cellspacing: .7pt; mso-padding-alt: 3.0pt 3.0pt 3.0pt 3.0pt; border: windowtext 0.5pt solid" cellspacing="1" cellpadding="0" bgcolor="#d2e1e8" border="0">COMMODITYPRICECHANGE%BRENT CRUDE FUTR (USD/bbl.)66.400-0.70GAS OIL FUT (ICE) (USD/MT)546.000-1.13GASOLINE RBOB FUT (USd/gal.)178.600-1.43HEATING OIL FUTR (USd/gal.)169.110-0.43NATURAL GAS FUTR (USD/MMBtu)3.7060.03WTI CRUDE FUTURE (USD/bbl.)64.710-1.37 CANOLA FUTR (WCE) (CAD/MT)419.000-0.62COCOA...

Commodity Prices

2009-07-23 00:00:00

COMMODITYMONTHLASTWTI Light CrudeSep '0964.7600Brent CrudeSep '0966.3200RBOB GasolineAug '091.8120yHeating OilAug '091.6984yNat Gas (NBP)Aug '0921.8000SoybeansAug '091019'6Robusta CoffeeJul '091487.00yCocoa #7 (₤)Sep '091819.00Sugar #11Oct '0917.78WheatSep '09530'2CornSep '09311'4sCottonOct '0958.72Palm Oil ($)Aug '09615.500yECX CarbonDec '0914.6300  

Metal Prices

2009-07-23 00:00:00

style="background: white; mso-cellspacing: 0in; mso-padding-alt: 0in 0in 0in 0in" cellspacing="0" cellpadding="0" width="135" bgcolor="#ffffff" border="0">Price: US$/lb Copper   Bid/Ask2.4301-2.4347Change-0.0073-0.30%Low/High2.4206-2.4578   Nickel   Bid/Ask7.0934-7.1388Change-0.0386-0.54%Low/High7.0639-7.1773   Aluminum   Bid/Ask0.7549-0.7594Change-0.0085-1.12%Low/High0.7480-0.7598   Zinc   Bid/Ask0.7320-0.7366Change-0.0036-0.49%Low/High0.7293-0.7379   Lead   Bid/Ask0.7461-0.7506Change-0.0032-0.42%Low/High0.7438-0.7515   UraniumUx U308 price:50.00    Change fromprevious week-2.00   

World stocks slip back from 9-month highs

2009-07-23 00:00:00

LONDON, Jul 22 (Reuters): World stocks clung close to nine-month highs on Wednesday with some profit taking in Europe keeping a lid on further gains and cautious words from US Federal Reserve Chairman Ben Bernanke dampening sentiment.The dollar was steady...

Fidelity Assets to issue zero coupon bond

2009-07-23 00:00:00

Fidelity Assets and Securities Company Limited, one of the fastest growing non-banking financial institutions of the country, is going to issue non- convertible Zero Coupon Bonds through private placement. The company will issue the bonds in two series with a...

European stocks ease as investors take breather

2009-07-23 00:00:00

LONDON, Jul 22 (AP): Stock markets slipped in Europe on Wednesday and rose only modestly in Asia, as investors stepped back from a week-long rally fueled by upbeat earnings to assess the outlook for corporate profits amid a still-weak global...

BGMEA, PDB discuss irregular power supply to Ctg RMG units

2009-07-23 00:00:00

Our Correspondent CHITTAGONG, July 22: Leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have recently exchanged views in a meeting with high officials of Power Development Board (PDB) on loadshedding and irregular power supply to Chittagong-based ready-made garment (RMG)...

China says it has evidence Rio staff stole state secrets

2009-07-23 00:00:00

BEIJING, July 22 (AFP): China has told the Australian government it has "sufficient evidence" that detained Rio Tinto executives stole state secrets, a senior Chinese official said today. Vice foreign minister He Yafei said he briefed his Australian counterpart Stephen...

Thrust on transparency in stock market

2009-07-23 00:00:00

FE ReportThe capital market watchdog has said it will take all necessary steps to bring further discipline in the market in order to make the investors' investment safe."We don't compromise in establishing fair play in the market to protect the...

Bank, NBFI Fair begins today

2009-07-23 00:00:00

FE ReportThe second "Bank and Non Bank Financial Institutions Fair" will kick off today (Thursday) at Dhaka Sheraton Hotel in the city.Mashiur Rahman, adviser to the Prime Minister and Governor of Bangladesh Bank Atiur Rahman are expected to inaugurate the...

SJIBL brokerage house opens unit at Savar

2009-07-23 00:00:00

FE Report Capital Market Services Division, the brokerage house of Shahjalal Islami Bank Limited (SJIBL), opened its unit at Savar Bazar in Dhaka Wednesday, said a press release.SJIBL Director Mohammed Solaiman formally inaugurated the unit as the chief guest.Also present...

Textech Expo brings good response

2009-07-23 00:00:00

FE ReportA total of four textile fairs organised by `CEMS USA' in association with `CEMS Bangladesh' ended recently at the Bangladesh-China Friendship Conference Centre in the city on a high note.The fairs were 10th Textech Bangladesh 2009', 3rd Dye+Chem Bangladesh...

Hakan Rusch new president of Ericsson Bangladesh

2009-07-23 00:00:00

Hakan Rusch has been appointed as the new President of Ericsson Bangladesh Limited, effective immediately. Rusch succeeds Arun Bansal, who has been appointed as President of Ericsson Indonesia, said a company statement.Rusch brings with him 30 years of experience in...

European Bangladesh business team in city

2009-07-23 00:00:00

FE ReportA 9-member delegation of the European Bangladesh Federation of Commerce and Industry (EBF) - led by its Joint President Dr Wali Tasar Uddin arrived in Bangladesh Wednesday.The delegation will stay till August 13.The delegation members include Executive Directors Dr...

Costly Biman aircraft turns into junk

2009-07-23 00:00:00

Mashiur RahamanThe airframe of a DC 10-30 aircraft that Biman Bangladesh Airlines acquired in 2008 at a cost of approximately $11 million without the engines has been parked in the airport since then and gradually turning into junk.As the operational...

Dhaka Bank holds half-yrly business review meeting

2009-07-23 00:00:00

The 'Mid-year Business Review Meeting' for regional heads, cluster heads and branch managers of Dhaka Bank Limited (DBL) was held at a city hotel recently.Dhaka Bank Chairman Altaf Hossain Sarker inaugurated the meeting while the bank's Managing Director Khondker Fazle...

Call money rate remains unchanged

2009-07-23 00:00:00

FE Report Call money rate remained unchanged Wednesday while the US dollar was stable against the local currency in the inter-bank foreign exchange market, treasury officials said. The call rate ranged between 0.10 per cent and 10.00 per cent on...

Germany offers to assist in solar energy sector

2009-07-23 00:00:00

Germany is ready to assist Bangladesh in the solar-energy sector by providing its high technology for developing and tapping the renewable energy, outgoing German Ambassador Frank Meyke said Wednesday, reports UNB."We're ready to help in the solar-energy sector providing Germany's...

IPO Diary

2009-07-23 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...

Eclipse fades Asia to black

2009-07-23 00:00:00

People in Asia have seen the longest total solar eclipse this century, with large areas of India, Bangladesh and China plunged into darkness.Amateur stargazers and scientists traveled far to see the eclipse, which lasted six minutes and 39 seconds at...

Clinton fears NKorea-Myanmar nuclear links

2009-07-23 00:00:00

PHUKET, (Thailand), July 22 (AFP): US Secretary of State Hillary Clinton expressed concerns Wednesday that North Korea could be sharing nuclear technology with Myanmar, posing a worrying new threat to regional security.Clinton issued the warning as she arrived in the...

Phone gadget to diagnose disease

2009-07-23 00:00:00

Researchers have developed an add-on to a mobile phone that can take detailed images and analyse them to diagnose diseases such as tuberculosis, reports BBC.The CellScope works as a so-called fluorescence microscope that can identify the markers of disease.It is...

news digest

2009-07-23 00:00:00

Gunmen kill five Iranian pilgrims in Iraq BAGHDAD, July 22: Gunmen shot dead five Iranian pilgrims, including a woman, travelling on a bus near the restive Iraqi city of Baquba on Wednesday, police said. "At least five people were killed...

Malik ton puts Pakistan on top

2009-07-23 00:00:00

Pakistan 299 and 300 for 5 (Misbah 65, Shoaib 106*, Akmal 60*) lead Sri Lanka 233 by 366 runsAt 67 for 4, with both Younis Khan and Mohammad Yousuf back in the pavilion, Pakistan were in danger of subsiding to...

GP congratulates Tigers

2009-07-23 00:00:00

FE ReportA delegation from Grameenphone Ltd, led by its Chief Communications Officer (CCO) Rubaba Dowla, visited Bangladesh Cricket Board (BCB) Tuesday to congratulate the national cricket team on their recent Test series victory over West Indies. The Grameenphone CCO handed...

Emirates Cup Mega Quiz winners given prizes

2009-07-23 00:00:00

The prize giving ceremony of Emirates Cup Mega Quiz Competition 2009, jointly organised by Emirates Dhaka and leading satellite TV channel ATN Bangla, was held at Dhaka Sheraton Hotel Tuesday, according to a press release.Stephen Evans, high commissioner of the...

Flintoff determined to play thru' pain barrier

2009-07-23 00:00:00

LONDON, Jul 22 (AFP): Andrew Flintoff insists only a "very, very serious" injury would stop him firing England's bid to regain the Ashes from Australia. Flintoff was named man of the match after a second-innings five- wicket haul in England's...

Windies players end strike

2009-07-23 00:00:00

GEORGETOWN, Jul 22 (AFP): West Indies cricket players returned to work Tuesday under an agreement that saw former Commonwealth Secretary General Sir Shridath Ramphal, appointed mediator in their bitter pay dispute. One day after Bangladesh players completed a two-Test series...

School kabaddi kicks off today

2009-07-23 00:00:00

The DC School Kabaddi (Boys and Girls) Tournament, sponsored by Dhaka DSA, begins today (Thursday) at Dhaka Kabaddi Stadium, reports UNB.Deputy Commissioner of Dhaka M Zillur Rahman will inaugurate the meet at 5pm.Sixteen teams- eight each from boys and girls...