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Features of Finance Act 2009

2009-07-21 00:00:00

M. A. Baree, FCAAFTER a lot of discussions and debates in the parliament, though mostly on the whitening of black money provisions, Finance Act 2009 has been passed on 29 June 2009. There are many timely and appropriate amendments and...

Indian stocks advance, Tata gains on earnings

2009-07-21 00:00:00

MUMBAI, July 20 (Bloomberg): Indian stocks rose, with the Sensitive index climbing to its highest in more than a month. Tata Consultancy Services Ltd. led software developers higher after its first-quarter profit beat analysts' estimates.Tata Consultancy, India's biggest provider of...

Gold climbs to three-week high in London

2009-07-21 00:00:00

LONDON, July 20 (Bloomberg): Gold climbed to a three-week high in London as a weaker dollar and higher oil prices boosted the metal's appeal as an alternative investment and hedge against rising consumer prices.The US Dollar Index, which measures the...

India to unveil inflation index to correct price 'disconnect'

2009-07-21 00:00:00

NEW DELHI, July 20 (Bloomberg): India will adopt a new consumer price index next year after policy makers said the current main inflation gauge of wholesale prices doesn't reflect the true costs borne by people.India's statistics department releases four consumer...

European stocks, US futures advance

2009-07-21 00:00:00

LONDON, July 20 (Bloomberg): European stocks climbed for a sixth straight day, the longest stretch of gains in almost four months, as commodities prices increased. Asian shares and US futures advanced.BHP Billiton Ltd., the world's largest mining company, rose 3...

German stocks rise for sixth day

2009-07-21 00:00:00

FRANKFURT, July 20 (Bloomberg): German stocks increased for a sixth straight day, the longest stretch of gains since March, on speculation earnings will improve amid an economic recovery.The benchmark DAX Index added 1.3 per cent to 5,042.05 as of 9:31...

Natural gas ETF plunges more than fuel even as shares sell out

2009-07-21 00:00:00

NEW YORK, July 20 (Bloomberg): The largest exchange-traded fund for natural gas, so popular that it ran out of shares two weeks ago, has lost 43 per cent this year and probably will keep falling until winter, trailing the fuel...

China stocks rise most in seven weeks, Jiangxi copper surges

2009-07-21 00:00:00

BEIJING, July 20 (Bloomberg): China's stocks rose the most in seven weeks, led by commodities-related companies and insurers, on optimism record bank lending will revive the economy and boost earnings.Jiangxi Copper Co. jumped by the daily 10 per cent limit...

Fish shrinking in response to global warming: study

2009-07-21 00:00:00

CHICAGO, July 20 (AFP): Fish have lost half their average body mass and smaller species are making up a larger proportion of European fish stocks as a result of global warming, a study published today has found. "It's huge," said...

Gopalganj farmers receive agro-inputs

2009-07-21 00:00:00

Our CorrespondentGOPALGANJ, July 20: Department of Agriculture Extension (DAE), Gopalganj has distributed seeds and different kinds of fertilisers among 9,700 farmers in five upazilas of the district, recently.Department of Agriculture Extension (DAE) organised the distribution with the financial help of...

Oil prices up in Asian trade on US housing data

2009-07-21 00:00:00

SINGAPORE, July 20 (AFP): Oil prices rose in Asian trade today, lifted by positive US housing construction data that suggested the crisis-hit housing market was over the worst, analysts said. New York's main futures contract, light sweet crude for delivery...

Uttara Bank holds workshop on 'Checking of Money Laundering'

2009-07-21 00:00:00

Our CorrespondentRAJSHAHI, July 20: A day-long workshop on "Resistance to Money Laundering" was held at the Postal Academy auditorium here recently.Uttara Bank Rajshahi regional office organised the workshop.Bangladesh Bank General Manager, Rajshahi regional office, Sarder M Shahjahan attended the function...

Hortex creates agro business opportunity

2009-07-21 00:00:00

Our CorrespondentNILPHAMARI, July 20: Hortex Foundation or Horticulture Export Development Foundation has created agriculture business opportunity through export promotion of fresh and frozen products in the country. The foundation addresses the challenges of export hurdles through development of supply and...

New MD of Oman Bangladesh Leasing

2009-07-21 00:00:00

Proshanta K Halder has joined Oman Bangladesh Leasing and Finance Limited as Managing Director recently, said a press release.Mr Halder started his career with Beximco Pharma and also served in the Quality Institute of America (QIA) and International Leasing.Besides, he...

New variety of tea in Ctg gardens

2009-07-21 00:00:00

CHITTAGONG, July 20: Tea gardens of Chittagong valley have brought about radical changes in the tea industry following plantation of the highly yielding 'Clone Tea' innovated by the Bangladesh Tea Research Institute (BTRI).Speakers at a seminar held at BTRI Fatikchari...

Emirates super jumbo flight to take part in Birmingham celebration

2009-07-21 00:00:00

An Emirates super-jumbo is to serve a second UK gateway in what is likely to be one of Emirates' briefest commercial deployments. An A380 will serve Birmingham for just one day on September 9, as a part of the Birmingham...

Dollar struggles, hits 6-week low vs euro

2009-07-21 00:00:00

LONDON, Jul 20 (Reuters): The dollar fell broadly on Monday, hitting a six-week low against the euro as traders flocked to riskier assets as speculation for solid corporate earnings boosted share prices.A further pick-up in risk appetite pushed the euro...

Commodity Prices

2009-07-21 00:00:00

CommodityMonthLastWTI Light CrudeAug '0964.5700Brent CrudeSep '0966.3800RBOB GasolineAug '091.7699yHeating OilAug '091.6650Nat Gas (NBP)Aug '0920.5000SoybeansAug '091025'0Robusta CoffeeJul '091481.00Cocoa #7 (₤)Sep '091782.00Sugar #11Oct '0917.58WheatSep '09549'0CornSep '09322'2sCottonOct '0961.99Palm Oil ($)Aug '09597.000ECX CarbonDec '0914.3000  

Commodity Future

2009-07-21 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.)66.3801.53GAS OIL FUT (ICE) (USD/MT)540.7502.71GASOLINE RBOB FUT (USd/gal.)179.0501.16HEATING OIL FUTR (USd/gal.)166.6601.56NATURAL GAS FUTR (USD/MMBtu)3.6950.71WTI CRUDE FUTURE (USD/bbl.)64.4101.34 CANOLA FUTR (WCE) (CAD/MT)425.6000.00COCOA...

Clinton touts prospects for better ties with India

2009-07-21 00:00:00

NEW DELHI, July 20 (Agencies): US Secretary of State Hillary Rodham Clinton touted Monday prospects for strengthening US-India relations and prepared to sign at least one agreement designed to give US companies more access to India's expanding markets."We want to...

SE Asia approves long-awaited rights body

2009-07-21 00:00:00

PHUKET, July 20 (AFP): Foreign ministers from Southeast Asia endorsed the region's first human rights watchdog Monday, rejecting criticisms that it would be powerless to tackle rogue members such as Myanmar.Officials were also to express "grave concern" over North Korea's...

Five security officers killed in Pakistan

2009-07-21 00:00:00

PESHAWAR, July 20 (AP): Gunmen ambushed a police patrol in Pakistan's volatile northwest Monday, killing four officers, while a roadside bomb killed a member of another security unit elsewhere in the region, officials said.Two officers died during the ambush on...

Civil war fear for Honduras after talks collapse

2009-07-21 00:00:00

TEGUCIGALPA, July 20 (AFP): An international mediator warned of civil war in Honduras after the failure of talks between representatives of the country's rival governments.Talks broke down late Sunday after representatives of the de facto rulers rejected a proposal by...

NATO jet crashes, blast kills British soldier in Kabul

2009-07-21 00:00:00

KABUL, July 20 (AP): A Tornado fighter jet crashed inside NATO's largest base in southern Afghanistan Monday in the second major crash on the base in two days, officials said.The jet crashed inside Kandahar Airfield during takeoff at 7:20 am...

S Korea pushes to restart nuclear talks with North

2009-07-21 00:00:00

SEOUL, July 20 (Reuters): South Korea called Monday for a new push to restart dialogue with North Korea on ending its nuclear arms programme as Washington seeks to increase pressure on Pyongyang with punishment for its atomic and missile tests.North...

Khatami wants referendum on govt's legitimacy

2009-07-21 00:00:00

TEHRAN, July 20 (Reuters): Iran's reformist former president Mohammad Khatami called on the authorities to hold a referendum on the legitimacy of the government after the country's disputed June presidential vote, a website reported."The only way out of the current...

Car bombing kills three in Iraq

2009-07-21 00:00:00

RAMADI, July 20 (AFP): Three people were killed, including two policemen, in a car bomb blast in western Iraqi city of Ramadi Monday, the second attack there in a week, security and medical officials said.Four other people were wounded, including...

news digest

2009-07-21 00:00:00

China to promote anti-separatist lawsBEIJING, July 20: Police alleged that women wearing long, black Islamic robes and head scarves acted as ringleaders in the July 5 ethnic unrest in western Xinjiang, state media reported Monday, as China issued more details...

BGMEA to create its own intelligence wing to prevent unrest in factories

2009-07-21 00:00:00

Jubair HasanApparel manufactures have planned to create an independent intelligence wing at their own expenses to get early warning about unrest in the country's US$ 11 billion garment industry, officials said Sunday.Leaders of the Bangladesh Garment Manufacturers and Exporters Association...

Govt, EU envoys to talk labour market expansion this week

2009-07-21 00:00:00

AZM AnasThe government will sit with the European envoys stationed in Bangladesh Thursday to share ideas on expanding the country's labour market in the continent, still relatively unhurt by the global recession, officials said.The state recruiting agency BOESEL has convened...