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‘Dollar trap’ to put pressure on rice prices

2009-07-22 00:00:00

MANILA, July 21 (AFP): A weak US currency is expected to put fresh pressure on rice prices just a year after a global supply crunch caused the cereal to rocket above 1,000 dollars a tonne, the International Rice Research Institute...

Berger dealers visit Europe

2009-07-22 00:00:00

Berger Paints Bangladesh Ltd recently arranged a promotional trip to Europe and Dubai for its dealers in recognition of their business performance.A total of 27 dealers took part in the nine-day trip-July 5-14, said a press release. The dealers visited...

China ups ante in US WTO dispute over poultry

2009-07-22 00:00:00

GENEVA, July 21 (AFP): China yesterday upped the ante in a dispute with Washington over poultry exports, calling on the World Trade Organisation to rule on its complaint against US "discriminatory" legislation. According to Beijing, Washington is breaching international trade...

Dollar mixed as traders mull Fed chief's comments

2009-07-22 00:00:00

TOKYO, July 21 (AFP): The dollar was mixed in Asian trade today after the Federal Reserve signalled that it was unlikely to end its extraordinary pump-priming measures any time soon, dealers said. The dollar eased to 93.94 yen in Tokyo...

UNDP, Gopalganj meet held

2009-07-22 00:00:00

Our CorrespondentGOPALGANJ, July 21: Urban Partnership for Poverty Reduction (UPPR) Project, UNDP organised a meeting at Poura Primary School at Miapara in Gopalganj town recently.The programme was jointly organised by Gopalganj Pourashava and United Nations Development Programme (UNDP), Gopalganj.Roji Begum,...

No succumbing to external pressure in signing IPI project

2009-07-22 00:00:00

NEW DELHI, July 21 (PTI): India yesterday said it will not bow to external pressures in deciding on participation in USD 7.4 billion Iran-Pakistan-India gas pipeline project but listed several outstanding issues including finalisation of gas price with Iran as...

Fall in world steel output slows: study

2009-07-22 00:00:00

PARIS, July 21 (AFP): The recent fall in world steel output slowed in June, when production fell 16 per cent from output in the same month last year to 99.8 million tonnes, with China showing a gain, the World Steel...

Algeria's exports register big drop on weak oil price

2009-07-22 00:00:00

ALGIERS, July 21 (AFP): Algerian exports plunged by almost half in the first six months of 2009, hit hard by the fall in the oil price, official figures showed yesterday. Exports dropped by 46.47 per cent to 20.7 billion dollars...

Commodity Future

2009-07-22 00:00:00

style="background: #d2e1e8; mso-padding-alt: 3.0pt 3.0pt 3.0pt 3.0pt; mso-cellspacing: .7pt; border: windowtext 0.5pt solid" cellspacing="1" cellpadding="0" bgcolor="#d2e1e8" border="0">COMMODITYPRICECHANGE%BRENT CRUDE FUTR (USD/bbl.)66.5800.21GAS OIL FUT (ICE) (USD/MT)547.0001.58GASOLINE RBOB FUT (USd/gal.)179.1800.13HEATING OIL FUTR (USd/gal.)169.2000.15NATURAL GAS FUTR (USD/MMBtu)3.616-1.98WTI CRUDE FUTURE (USD/bbl.)64.1200.22 CANOLA FUTR (WCE) (CAD/MT)418.200-1.06COCOA...

Commodity Prices

2009-07-22 00:00:00

COMMODITYMONTHLASTWTI Light CrudeSep '0965.2600Brent CrudeSep '0966.5900RBOB GasolineAug '091.7894yHeating OilAug '091.6894yNat Gas (NBP)Aug '0922.0000SoybeansAug '091027'0Robusta CoffeeJul '091499.00yCocoa #7 (₤)Sep '091810.00Sugar #11Oct '0917.74WheatSep '09541'6CornSep '09323'2sCottonOct '0963.03Palm Oil ($)Aug '09618.500ECX CarbonDec '0914.4100  

Metal Prices

2009-07-22 00:00:00

style="background: white; mso-padding-alt: 0in 0in 0in 0in; mso-cellspacing: 0in" cellspacing="0" cellpadding="0" width="135" bgcolor="#ffffff" border="0">Price: US$/lb  Copper   Bid/Ask2.4324-2.4369Change-0.0118-0.48%Low/High2.4170-2.4578   Nickel   Bid/Ask7.2764-7.3217Change-0.0680-0.93%Low/High7.2537-7.3898   Aluminum   Bid/Ask0.7652-0.7697Change+0.0041+0.54%Low/High0.7566-0.7702   Zinc   Bid/Ask0.7309-0.7354Change-0.0122-1.65%Low/High0.7273-0.7499   Lead   Bid/Ask0.7554-0.7599Change-0.0054-0.72%Low/High0.7508-0.7676   UraniumUx U308 price:50.00    Change fromprevious week-2.00      

Japan PM dissolves parliament, calls elections

2009-07-22 00:00:00

TOKYO, July 21 (AP): Japanese Prime Minister Taro Aso dissolved the powerful lower house of parliament Tuesday, setting the stage for national elections next month that could transform the country's political power structure.In Japan, the prime minister can decide when...

Clashes kill 50 in Pakistan

2009-07-22 00:00:00

PESHAWAR, July 21 (AP): Two days of clashes between security forces and militants in Pakistan's northwestern region near the Afghan border left more than 50 militants and three soldiers dead, the military said Tuesday.There was no way to independently confirm...

S Korea reaffirms deal for North to ditch nukes

2009-07-22 00:00:00

SEOUL, July 21 (AFP): South Korea has reaffirmed its offer of massive economic aid for impoverished North Korea if it scraps its nuclear weapons, officials said Tuesday.Chief nuclear negotiator Wi Sung-Lac and Rhee Chang-Young, vice chairman of the Financial Services...

Taliban bombers attack Afghan cities, 13 die

2009-07-22 00:00:00

KABUL, July 21 (AP): Five Taliban suicide bombers attacked government centres in an eastern Afghan city Tuesday in a complex attack that has become a signature of major Taliban assaults. Five bombers and five Afghan security forces died, officials said.Three...

Chavez to 'revise' ties with Colombia

2009-07-22 00:00:00

CARACAS, July 21 (AFP): Venezuelan President Hugo Chavez said Tuesday he would review ties with Colombia after Bogota agreed to host "US bases" in the country."Now that the Yankees want to set up four bases in Colombia... it forces us...

Five killed in Iraq bomb attacks

2009-07-22 00:00:00

RAMADI, July 21 (AFP): Five people were killed and about 40 wounded in bomb attacks Tuesday in Baghdad and the western Iraqi city of Ramadi, security and medical officials said.The deadliest attack was in Ramadi, where three people were killed...

news digest

2009-07-22 00:00:00

Iran hardliners denounce referendum callTEHRAN, July 21: Iranian hardliners denounced Tuesday a call by reformists for a referendum to resolve the deepening political crisis in the Islamic republic, branding it a Western plot to cause more "havoc." The Association of...

Commercial banks asked for taking final preparations

2009-07-22 00:00:00

FE Report The commercial banks have been asked for taking final preparations to connect with the central bank's automated clearing house, scheduled to go live from early November this year. The instruction came at a review meeting of the chief...

Govt to seek $750m credit from ADB to weather recession impact

2009-07-22 00:00:00

FHM Humayan KabirThe government will seek US$750 million worth of credit from the Asian Development Bank (ADB) to weather the impact of the global economic recession and minimise the budget deficit, officials said Monday.Finance ministry officials said the government will...

Mercantile Bank donates Tk 0.5m to Shahjalal Varsity

2009-07-22 00:00:00

Mercantile Bank Limited, as a part of its corporate social responsibility, donated an amount of Tk 0.5 million (Tk 5.00 lac) to Shahjalal University of Science and Technology for construction of a colony for the sweepers.Mercantile Bank Audit Committee Chairman...

Thrust on developing technological knowledge, research on greenhouse gas emission

2009-07-22 00:00:00

FE ReportBangladesh should develop technological knowledge and conduct research on greenhouse gas emission to combat the impacts of climate change and search for suitable strategies to cope with the changing environment, speakers said Tuesday.They were speaking at the inaugural ceremony...

Citi sweeps Asiamoney's Cash Management Poll

2009-07-22 00:00:00

For the ninth time, Citi topped AsiaMoney's Cash Management poll of polls. Citi has been the real standout for the advice it offers to corporates over the 10 years this poll has been run, said a press release.Over the years,...

Ticket reconfirmation no longer mandatory for Biman passengers

2009-07-22 00:00:00

A Z M AnasBiman Bangladesh Airlines has almost abolished its decades-long ticket "reconfirmation" system in a bid to alleviate the hassle of passengers, especially frequent flyers, officials said Monday.The officials said the ailing flag carrier has still kept the system...

IFIC Bank holds workshop for relationship managers

2009-07-22 00:00:00

IFIC Bank Limited conducted a day-long workshop on Automated Clearing House Project and an Overview on Banking Companies Act 1991 in the city recently.General Manager of Banking Regulations and Policy Department of Bangladesh Bank, Head Office AHM Razee Hasan was...

City Bank opens new branch

2009-07-22 00:00:00

City Bank Limited has opened its 84th branch with modern and online banking facilities at Kachua in Chandpur. Lawmaker Muhiuddin Khan Alamgir inaugurated the branch as the chief guest recently, said a press release. Among others, Chairman of the bank...

AKTEL to open more 230 Care Centres soon

2009-07-22 00:00:00

Leading cellphone operator of the country AKTEL will open more 230 Care Centres within few days.AKTEL has already opened about 150 AKTEL Care outlets all over the country with a view to making its products and services more accessible to...

Chevron distributes scholarship in Sylhet

2009-07-22 00:00:00

Chevron Bangladesh awarded scholarships to 120 students at three high schools at Jalalabad in Sylhet district as part of its ongoing yearly scholarship distribution programme among financially disadvantaged but meritorious students at a ceremony Monday said a press release.Chevron Bangladesh...

Sarwar elected Vice-chairman of Global Ins

2009-07-22 00:00:00

The board of directors of Global Insurance Limited has unanimously elected SM Sarwar Alam vice-chairman of the company at its recent board meeting in the city, said a press release.Mr Alam obtained his MA degree in Economics.He is a renowned...

Project for expanding ultramodern telecom facilities in rural areas

2009-07-22 00:00:00

The government has taken a Tk 4.17 billion (417 crore) project to set up digital exchanges for expanding ultramodern telecommunications facilities in rural areas, including internet broadband up to the upazila level, reports UNB. Under the project taken by Bangladesh...