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US college students driving green vehicles to new heights

2009-08-23 00:00:00

Matt HerrickFORGET the papier-mâché volcano spewing vinegar and baking soda. Nowadays, American students participating in science fairs are more likely to get a demonstration in fuel-cell vehicle technology from a group of college engineering students at the forefront of the...

New drive for creative thinking

2009-08-23 00:00:00

Christian Oliver Five weeks before a February visit from Lee Myung-bak, South Korea's president, the head of the country's leading scientific university set his engineers a race against the clock.Suh Nam-pyo, president of the Korea Advanced Institute of Science and...

Sensex falls 171 points

2009-08-23 00:00:00

MUMBAI, Aug 22 (PTI): The benchmark Sensex fell 171 points during the week ended August 21 and seemed to be consolidating at the psychological 15K-level with alternate weeks of gains and losses.The week resumed with the biggest single-day fall of...

National AgriCare MD honoured

2009-08-23 00:00:00

Managing Director (MD) of National AgriCare Group KSM Mostafizur Rahman has been honoured with 'Krishi Biplob Sammanana Puroskar-2009' by agro-based fortnightly magazine 'The Krishi Biblop.'He was honoured for his outstanding performance in developing agriculture by supplying qualityful agro-inputs among the...

Karachi Stock Exchange 100-share index increases by 134.49 points

2009-08-23 00:00:00

KARACHI, Aug 22: The Karachi stock market faced a bullish trading session on the last trading day of the week Friday as the approval of 24 projects including the Bhasha Dam project by the Executive Committee of the National Economic...

Malaysia to import Walton products from RB Group

2009-08-23 00:00:00

FE ReportRB Group of Companies Ltd, a leading electrical, electronics and automobile manufacturing and marketing company in Bangladesh, will export Walton brand refrigerators and motorcycles to Malaysia.The local company has recently signed an agreement in this connection with famous Malaysian...

India will import food to meet shortages: Mukherjee

2009-08-23 00:00:00

NEW DELHI, Aug. 22 (Bloomberg): India will import food items such as edible oil and lentils to meet any shortage caused by the driest monsoon in seven years, Finance Minister Pranab Mukherjee said.Monsoon deficiency is a "serious concern" and will...

Europe stocks rally, driving Stoxx 600 index to highest since October

2009-08-23 00:00:00

LONDON, Aug. 22 (Bloomberg): European stocks rose this week, sending the Dow Jones Stoxx 600 Index to its highest level since October, after Federal Reserve Chairman Ben S. Bernanke said the world is "beginning to emerge" from a recession and...

Oil spikes to 2009 peak on bright outlook

2009-08-23 00:00:00

LONDON, Aug 22 (AFP): World oil prices surged this week to the highest level so far this year as investor sentiment was driven by tumbling American crude reserves, the weak dollar and encouraging economic data. Oil also won support Friday...

US existing-home sales blaze record in July

2009-08-23 00:00:00

WASHINGTON, Aug 22 (AFP): A sizzling report on US existing- home sales and upbeat comments from Federal Reserve chief Ben Bernanke yesterday stoked hopes of recovery from the brutal recession and drove up world stock markets. US existing-home sales blazed...

Sale of imported fertiliser falls as smuggled one floods mkt

2009-08-23 00:00:00

Our CorrespondentJOYPURHAT, Aug 22: The sale of imported fertilisers in the district is being hampered seriously as smuggled Indian spurious fertilisers have flooded local markets. In the situation, the local fertiliser dealers are showing reluctance to receive their new allotments....

Finance crisis sinks price of Egypt 'Obama' date

2009-08-23 00:00:00

CAIRO, Aug 22 (AFP): Ramadan tradition dictates that Egypt's fruit-sellers nickname their dates to reflect unofficial popularity ratings, but this year the global recession has forced down the price of the 'Obama'.Named after U.S. President Barack Obama who chose Cairo...

US dollar dampened by buoyant eurozone data

2009-08-23 00:00:00

NEW YORK, Aug 22 (AFP): The US dollar fell against the euro yesterday after fresh positive eurozone economic data and an upbeat global economic outlook from US Federal Reserve chief Ben Bernanke. At 2100 GMT, the euro rose to 1.4328...

Commodity Future

2009-08-23 00:00:00

 London Market-Saturday style="background: #d2e1e8; mso-padding-alt: 0in 0in 0in 0in; mso-cellspacing: .7pt; border: windowtext 0.5pt solid" cellspacing="1" cellpadding="0" bgcolor="#d2e1e8" border="0">COMMODITYPRICECHANGE%BRENT CRUDE FUTR (USD/bbl.)74.1901.17GAS OIL FUT (ICE) (USD/MT)601.750-0.33GASOLINE RBOB FUT (USd/gal.)199.5600.68HEATING OIL FUTR (USd/gal.)190.4901.04NATURAL GAS FUTR (USD/MMBtu)2.804-4.79WTI CRUDE FUTURE (USD/bbl.)73.8901.34 CANOLA FUTR...

Commodity Prices

2009-08-23 00:00:00

 London Market-Saturday COMMODITYMONTHPRICEWTI Light CrudeOct '0973.8900Brent CrudeOct '0974.1900RBOB GasolineSep '091.9956Heating OilSep '091.9049Nat Gas (NBP)Sep '0921.3700SoybeansSep '091023'0sRobusta CoffeeSep '091335.00Cocoa #7 (₤)Sep '091872.00Sugar #11Oct '0921.84WheatSep '09460'2sCornSep '09321'6sCottonOct '0956.45Palm Oil ($)Sep '09676.250ECX CarbonDec '0915.4000  

Metal Prices

2009-08-23 00:00:00

New York Market-Saturday 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/Ask2.8673-2.8718Change-0.0045-0.16%Low/High2.8650-2.8764   Nickel   Bid/Ask8.8458-8.8685Change-0.0680-0.76%Low/High8.8458-8.9592   Aluminum   Bid/Ask0.8546-0.8592Change-0.0023-0.26%Low/High0.8546-0.8614   Zinc   Bid/Ask0.8205-0.8251Change-0.0023-0.28%Low/High0.8205-0.8296   Lead   Bid/Ask0.8395-0.8441Change+0.0000+0.00%Low/High0.8373-0.8441   UraniumUx U308 price:48.00    Change fromprevious week+0.00   

Pran to export products worth $3.5m to Angola

2009-08-23 00:00:00

FE ReportPran Export Ltd, a concern of Pran-RFL group is going to export products to Angola worth 3.5 million US dollar this fiscal.Chief of export Pran-RFL group, Md Mizanur Rahman and Director General of 'Distrimarca Lda' Angola, Aidibe Gihad Saturday...

'Holcim Green Built B’desh' project submission deadline expires Dec 31

2009-08-23 00:00:00

FE Report"Holcim Green Built Bangladesh" is a contest initiated by, Holcim Bangladesh, with the mission to create a culture of sustainable development by promoting the concept of "Green Built Bangladesh", catering to the needs of our present and future generations....

Dosti-WETEX begins tomorrow

2009-08-23 00:00:00

FE ReportA six-day Dosti-WETEX 2009, a trade expo exclusively for women entrepreneurs from Bangladesh and a number of other regional countries, begins tomorrow (Monday).Organised under the auspices of Pakistan High Commission in Dhaka, the fair is expected to bring a...

DBBL's foundation training course begins

2009-08-23 00:00:00

A four-week foundation training course of Dutch-Bangla Bank Limited (DBBL) began in the city Saturday.DBBL Managing Director Md Yeasin Ali inaugurated the course,23rd of its kind for the officers of the leading second generation private commercial bank.The officers have been...

RMG workers urge wage hike

2009-08-23 00:00:00

FE ReportThe country's garment workers have urged the government to rein in the abnormal price hike of essentials during the month of Ramadan and increase their wages to Tk5000 from the existing Tk1662.50 for their survival. "No firm measures or...

Dhaka-Thimpu bilateral trade stressed

2009-08-23 00:00:00

FE ReportAmbassador of Bhutan in Bangladesh Dasho BAP Kesang has stressed the need for increased bilateral trade and co-operation between Bhutan and Bangladesh.The envoy made the observation while he called on President of Dhaka Chamber of Commerce and Industry (DCCI)...

Salt import sends alarm to Ctg, Cox's Bazar farmers

2009-08-23 00:00:00

Our CorrespondentCHITTAGONG, Aug 22: The local salt producers cannot enjoy the fruits of their good harvest as import of about 40,000 metric tonnes (MT) of salt has sent alarm to the farmers in the region.Sources in Bangladesh Small and Cottage...

Aktel celebrates 10m subscribers milestone

2009-08-23 00:00:00

Aktel organised a gala night to celebrate its 10 million subscriber achievement at Bangabandhu Conference Centre in the city recently. Chairman of parliamentary standing committee on Telecommunications Hasanul Haq lnu was the chief guest on the occasion.Malaysian High Commissioner Jamaludddin...

Jamuna Bank Foundation unveils plaque of Old Home

2009-08-23 00:00:00

Jamuna Bank Limited Foundation has unveiled the plaque of Old Home at Keraniganj, said a press release.Chairman of the bank Sakhawat Abu Khair Mohammad formally unveiled the plaque as the chief guest, while its Vice Chairman Ismail Hossain Siraji, directors...

Thai mutual fund sector swells

2009-08-23 00:00:00

BANGKOK, Aug 22: The size of the mutual fund industry in Thailand could grow to 20 per cent of gross domestic product (GDP) by the year-end, as public understanding of funds and personal investment has continued to grow, according to...

ICB AMCL declares NAV of its two unit funds

2009-08-23 00:00:00

FE Report ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has recently announced Net Asset Value (NAV) of its two unit funds, said a press release. The total NAV of ICB AMCL Unit Fund...

BKMEA rice distribution begins next week

2009-08-23 00:00:00

FE ReportBangladesh Knitwear Manufacturers and Exporters Association (BKMEA) is going to start rice distribution programme on fair price from next week. BKMEA signed Thursday MoU with the government regarding rice distribution at food ministry in presence of Director of Food...

Leong new GM of Singapore Airlines in Bangladesh

2009-08-23 00:00:00

FE ReportSingapore Airlines appointed Malcolm Leong general manager (Bangladesh) Wednesday, said a press release.Leong (32), has been with Singapore Airlines since October 2002, and held various positions in the Airlines.With his experience in sales and marketing, Singapore Airlines expects that...

Asian markets end mixed

2009-08-23 00:00:00

TOKYO, Aug 22 (RTTNews): The Asian markets ended mixed Friday with the markets in China, India, South Korea and Indonesia ending positive territory while the markets in Australia, Japan, Singapore and Taiwan ended in negative territory. In Japan, benchmark Nikkei...