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Rezaul re-elected vice-chairman of int'l forum on jute

2009-06-09 00:00:00

The ninth meeting of the Private Sector Consultative Board (PSCB) of International Jute Study Group (IJSG) was held in the auditorium of Bengal Chamber of Commerce in Kolkata recently. Current vice-chairman of PSCB from Bangladesh Md Rezaul Karim was reelected...

Metal Prices

2009-06-09 00:00:00

Copper            Bid/Ask            2.2166             -2.2212 Change -0.0340 -1.51% Low/High            2.2139             -2.2847 NickelBid/Ask            6.3684             -6.4138 Change -0.1497 -2.30% Low/High            6.3253             -6.5726 AluminumBid/Ask            0.7094             -0.7140 Change            +0.0145            +2.09% Low/High            0.6926             -0.7144 ZincBid/Ask            0.6832             -0.6877 Change -0.0163...

Commodity Prices

2009-06-09 00:00:00

Commodity                  Month              Last WTI Light Crude   Jul '09              67.6000 Brent Crude                 Jul '09              67.5900 RBOB Gasoline            Jul '09              1.9293 Heating Oil                   Jul '09              1.7586 Nat Gas (NBP)            Jul '09              26.1500 Soybeans        ...

Indian shares slide 2.9pc

2009-06-09 00:00:00

MUMBAI, June 8 (AFP): Indian shares were down 2.9 per cent Monday as Asian and European markets fell and investors locked in gains, dealers said.The benchmark 30-share Sensex fell 437.63 points to 14,665.92.European markets were down Monday following a sharp...

European stocks slide, London down 1.41pc

2009-06-09 00:00:00

LONDON, June 8 (AFP): Europe's main stock markets slumped Monday, with London dragged down by the banking sector as British Prime Minister Gordon Brown battled to stay in power after an election drubbing.In late morning trade, London's FTSE 100 index...

Silvercorp Metals makes bid to acquire Klondex Mines for C$70m

2009-06-09 00:00:00

VANCOUVER, BC, June 8: Silvercorp Metals Inc. (TSX:SVM), a Vancouver-based silver producer with operations in China, says it intends to make a C$70 million bid to acquire Klondex Mines Limited. (TSX:KDX) after failing to negotiate a friendly deal to buy...

NZ shares fall 0.63pc

2009-06-09 00:00:00

WELLINGTON, June 8 (AFP): New Zealand shares fell 0.63 per cent Monday following a profit warning from Contact Energy and as a holiday in Australia muted local trading, dealers said.The NZX-50 index fell 17.89 points to 2,816.62 on thin turnover...

Warid modifies bonus on recharging thru’ scratch cards

2009-06-09 00:00:00

FE ReportWarid Telecom has modified the bonus offer for its prepaid subscribers allowing them to recharge their accounts with scratch card of Tk 20. Earlier, the telecom operator announced the Zem prepaid subscribers would get up to 30 per cent...

Copper tumbles as US Jobs data boost dollar, sapping demand

2009-06-09 00:00:00

NEW TORK, June 8 (Bloomberg): Copper prices fell after a report showed US employers cut fewer jobs in May than economists expected, boosting the dollar and eroding demand for commodities as an inflation hedge. The greenback jumped as much as...

Soyabean futures rise on firm global cues

2009-06-09 00:00:00

NEW DELHI (PTI): Soyabean futures improved 0.32 per cent on the National Commodity and Derivatives Exchange Monday as traders enlarged their positions, influenced by a firming global trend. At 1200 hrs, soyabean contract for June month showed a rise of...

Commodity Future at London Market Monday

2009-06-09 00:00:00

Energy                                     Price                       Change      %Change GAS OIL FUT (ICE)                        562.500            7.750                        1.40 GASOLINE RBOB FUT            193.940            3.780                        1.99 HEATING OIL FUTR            178.000            4.160                        2.39 NATURAL GAS FUTR            3.810                        0.044                        1.17 AgricultureCOCOA...

DSE working to double IT capacity, says its president

2009-06-09 00:00:00

FE ReportThe Dhaka Stock Exchange (DSE) is working to double its automated trading capacity from the existing level to ensure uninterrupted transaction of shares.Currently, the prime bourse has the capacity to handle 0.25 million trades per day and it witnessed...

Citibank signs corporate banking agreement with sanofi-aventis

2009-06-09 00:00:00

Citibank, N.A. Bangladesh and sanofi-aventis Bangladesh Ltd. recently entered into a Corporate Banking agreement.The agreement was signed by Abrar A. Anwar, Head, Global Corporate and Commercial Bank and Muhammad Tajdiqul Islam, Director, Finance & Administration, sanofi-aventis Bangladesh Ltd. on behalf...

New chairman, vice chairman of NCC Bank

2009-06-09 00:00:00

The Board of Directors of NCC Bank Ltd. has recently elected its Directors Yakub Ali as Chairman and Md. Harunur Rashid MP as Vice Chairman of the Bank, said a press release.Chairman Yakub Ali started his business career in 1973....

Prime Bank elects Siraz, Shahnaz vice chairpersons

2009-06-09 00:00:00

The board of directors of Prime Bank Ltd unanimously elected Quazi Sirazul Islam and Shahnaz Quashem, directors of the company, as vice chairpersons of the board for the next two-year term from June 1, 2009.Mr Islam, a freedom fighter and...

Hasan elected EC chairman, Arefeen vice chairman of Shahjalal Bank

2009-06-09 00:00:00

Mohammed Hasan and Syed Nurul Arefeen were elected unanimously chairman and vice-chairman of Executive Committee (EC) respectively of Shahjalal Islami Bank Ltd The election was held at the 104th meeting of its board of directors in the city recently, said...

Revenue at Teknaf Land Port declines

2009-06-09 00:00:00

Our CorrespondentCHITTAGONG, June 8: The realisation of revenue at Teknaf Land Port (TLP) has declined alarmingly. Against the yearly target of Tk 770 million in the current fiscal, the revenue received during the last eleven months is around Tk 646...

Textile Engrs’ polls

2009-06-09 00:00:00

Textile Engineer's Forum won the 12th central council election of Institution of Textile Engineers and Technologist (ITET), Bangladesh. Md. Doulotuzzaman Ansari and Eng. Md. Enayet Hossain were elected as senior vice president and secretary general respectively, a press release said.

ICB Islamic Bank, ICICI Bank sign agreement

2009-06-09 00:00:00

ICB Islamic Bank Limited and ICICI Bank Ltd signed an agreement at ICB Islamic Bank's head office in the city recently, said a press release. Some high officials of both the banks including Syed Aminul Kabir, Chief Representative of ICICI...

Al-Arafah AGM approves 30pc stock dividend

2009-06-09 00:00:00

The 14th annual general meeting (AGM) of Al-Arafah Islami Bank Limited has approved 30 per cent stock dividend for the year that ended on December 31, '08.The approval came at the AGM held in the city Monday. Chairman of the...

BSRM Steels holds AGM

2009-06-09 00:00:00

The 7th Annual General Meeting (AGM) of BSRM Steels Limited was held at the Institution of Engineers in Chittagong Centre Sunday, said a press release.The meeting was presided over by the chairman of the company Alihussain Akberali while Managing Director...

Call rate drops, dollar stable

2009-06-09 00:00:00

FE Report The inter-bank call money rate fell slightly Monday in a highly liquid market. The US dollar, however, maintained stable level against Bangladesh taka (BDT) in the inter-bank foreign exchange market because of adequate flow of the greenback, fund...

'Healthy lifestyle, regular medical surveillance best possible defence'

2009-06-09 00:00:00

FE ReportMaintaining a healthy lifestyle and regular medical surveillance is the best possible defense against potential or recurring heart diseases, said a leading health expert in the city Monday. "While fear is widespread among the patients regarding heart and lung...

Asian markets mainly lower, Tokyo bucks trend

2009-06-09 00:00:00

HONG KONG, June 8 (AFP): Asian markets were mainly lower Monday as investors locked in profits amid continued concerns about the global downturn, but Tokyo bucked the trend, closing at an eight-month high.Hong Kong fell 2.28 per cent, Singapore was...

ipo diary

2009-06-09 00:00:00

Nature of the fundClose-end Mutual Fund of 10 (Ten) years tenureSubscription OpenJune 21, 2009Subscription CloseJune 25, 2009For Non resident BangladeshiJune 21, 2009 to July 4Offer PriceTk. 10.00 per shareFace ValueTk. 10.00 per shareMarket lot500 unitsSponsors Portion20,000,000 UnitsPre IPO Placement60,000,000 unitsPublic...

3-day remittance fair in Comilla from July 23

2009-06-09 00:00:00

FE Report A three-day Bangladesh remittance fair will begin in Comilla from July 23, targeting to create awareness among the remitter and remittance beneficiaries about the bad effect of 'hundi' in the economy. Dhaka International Exhibition Company Limited (DIEC) has...

N Korea bans ships from coastal waters

2009-06-09 00:00:00

SEOUL, June 8 (Agencies): North Korea has warned fishermen and boat captains to stay away from the country's east coast, Japan's coast guard said Monday, in another sign the regime is planning to fire medium-range missiles in the area.Pyongyang also...

Brown faces revolt after poll thrashing

2009-06-09 00:00:00

LONDON, June 8 (Reuters): Britain's Prime Minister Gordon Brown faced the prospect of a new challenge to his leadership Monday when support for his ruling Labour Party plunged to its lowest level in a century after European elections.Compounding Labour's woes,...

Nepal's post-Maoist govt falters

2009-06-09 00:00:00

KATHMANDU, June 8 (AFP): Two weeks after Nepal swore in a new prime minister following the fall of the Maoist government, analysts say the ruling coalition is looking decidedly shaky as it struggles to form a cabinet.Maoist chief Pushpa Kamal...

S Lanka turns back Tamil aid ship

2009-06-09 00:00:00

COLOMBO, June 8 (AFP): Sri Lankan authorities Monday ordered a foreign-owned ship carrying aid for Tamil civilians to leave the island without unloading its cargo.The Syrian-registered ship, Captain Ali, was seized last week, and the Sri Lankan defence ministry said...