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Salvaging jute

2009-06-10 00:00:00

WHILE generally agreeing with your observation and recommendations made in the leader of your FE on May 31, 2009, titled 'Salvaging Jute', I venture to differ with the observation made in respect of Adamjee Jute Mills. No doubt there were...

Victims of cyclone 'Aila': does anybody really care?

2009-06-10 00:00:00

Shamsher Chowdhury THIS government keeps claiming that it is a government of the people and friendly towards the poor and the distressed. Is this really true? I do not think so. Should that become a reality, that would be the...

Importance of Tort Act in restoring justice

2009-06-10 00:00:00

MS SiddiquiDefamation is tarnishing the reputation of someone; it is in two parts, slander and libel. Slander is spoken defamation and libel is printed and broadcast defamation, both share the same features. Defaming someone entails making a factual assertion for...

Economic recession is a way of capitalism

2009-06-10 00:00:00

Ahmed Showkat MasudThe ongoing worldwide recession started from the USA. Then other developed countries became the prey of the economic recession one after another. Capital is self-expansionary. Investment of capital in any venture causes it to increase in size, amount...

Oil prices above $68 in Asian trade

2009-06-10 00:00:00

SINGAPORE, June 9 (AFP): Oil prices held above 68 dollars a barrel in Asian trade today after rebounding from overnight falls amid hopes of a recovery for the ailing global economy. In morning trade, New York's main futures contract, light...

BTI marks its 25th founding anniversary

2009-06-10 00:00:00

Building Technology and Ideas Ltd (BTI), country's pioneering real estate company marked its twenty-fifth anniversary this year at a city hotel recently, said a press release. State Minister for Environment and Forest Mostafizer Rahman Fizer was present on this occasion...

Gold, silver down on weak global cues

2009-06-10 00:00:00

NEW DELHI, June 9 (PTI): Gold prices yesterday tumbled by Rs 120 to Rs 14,760 per 10 gram in the bullion market here on sustained selling by stockists, influenced by weakening global trend. Marketmen said trading sentiment remained bearish as...

Sony raises $2.24b in its biggest bond sale

2009-06-10 00:00:00

TOKYO, June 9 (Bloomberg): Sony Corp., forecasting its first back-to-back net losses as a public company, raised $2.24 billion (220 billion yen) through the biggest bond sale in its history. The company sold 110 billion yen of 5-year notes paying...

China 2009 auto sales could hit 11m

2009-06-10 00:00:00

BEIJING, June 9 (AFP): China's auto sales could hit a record 11 million units this year, state press reported today, as government stimulus measures to encourage buying kick in. The forecast came after figures showed strong growth on purchases for...

Commodity Prices

2009-06-10 00:00:00

Commodity                  Month              Last      WTI Light Crude   Jul '09              69.4500 Brent Crude                 Jul '09              69.3100 RBOB Gasoline            Jul '09              1.9360y Heating Oil                   Jul '09              1.7890 Nat Gas (NBP)            Jul '09              27.1000...

India shares end near 10-month high

2009-06-10 00:00:00

MUMBAI, June 9 (Dow Jones): Value buying by institutions and retail investors in bellwether stocks helped Indian shares reverse previous losses and end near a 10-month high Tuesday. The Bombay Stock Exchange's Sensitive Index, or Sensex, rose 3.1 per cent,...

Selling in banking stocks trims gains on KSE

2009-06-10 00:00:00

KARACHI, June 9: Massive selling in leading banking stocks caused the benchmark KSE 100-share Index to end almost flat on Monday with negligible losses owing to price-erosion of equities on Karachi bourse, according to The News International.The KSE 100-share Index...

Wall Street futures mark time

2009-06-10 00:00:00

NEW YORK, June 9 (AP): United States (US) stock futures moved in narrow range Tuesday as investors awaited word on which banks might be able to repay government loans and as Fiat expressed its continued commitment to a deal with...

European stocks in modest recovery

2009-06-10 00:00:00

LONDON, June 9 (AFP): Europe's leading stock markets recovered slightly Tuesday after sliding into the red a day earlier and following a flat finish on Wall Street overnight.In late morning trade, London's FTSE 100 index of leading shares was up...

Commodity Future at London Market Tuesday

2009-06-10 00:00:00

Energy                                     Price                        Change      %Change BRENT CRUDE FUTR            69.170                        1.290                        1.90 GAS OIL FUT (ICE)                        566.250            6.250                        1.12 GASOLINE RBOB FUT            195.360            1.760                        0.91 HEATING OIL FUTR             179.470            2.680                        1.52...

HIGHLIGHTS

2009-06-10 00:00:00

Rani Padmini On SONY Ent TV Wednesday at 8-30 pm. Chittod Ki Rani Padmini Ka Johur (Mon-Thurs, 8.30 pm) - is the story of the beautiful warrior princess, known for her ethereal beauty, grit, valour, patriotism and sacrifice. History continues...

I'm a very irritating actor: Mithun Chakraborty

2009-06-10 00:00:00

He's been in showbiz for nearly three decades and has bagged three national awards, but multilingual star Mithun Chakraborty has no qualms confessing that he is an 'irritating actor'."I'm a very irritating actor. I keep on asking too many questions...

India for peace if Pakistan cracks down on militants

2009-06-10 00:00:00

NEW DELHI, June 9 (AFP): India's Prime Minister Manmohan Singh said Tuesday he wanted peace with arch-rival Pakistan and said he would meet Islamabad "more than halfway" if it cracked down on Islamic militants.The apparent effort to reach out to...

Air France agrees to replace A330 monitors

2009-06-10 00:00:00

PARIS, June 9 (AFP): Air France has agreed to replace within days the air speed monitors on its Airbus A330s and A340, suspected in connection with last week's deadly Atlantic crash, a pilot's union said Tuesday.Air France said Saturday it...

EU commission chief stands for second mandate

2009-06-10 00:00:00

BRUSSELS, June 9 (AFP): European Commission President Jose Manuel Barroso Tuesday accepted a request from the European Union presidency to stand for a second five-year term as head of the bloc's executive arm."I have agreed to this request," he told...

Afghanistan needs more security force trainers: FM

2009-06-10 00:00:00

BERLIN, June 9 (AFP): Afghanistan needs more European trainers for its security forces to combat mounting violence and mayhem in the country, its foreign minister told a German newspaper published Tuesday.Rangin Dadfar Spanta told the Neue Osnabruecker Zeitung in an...

China warns honour for Dalai Lama will hurt ties

2009-06-10 00:00:00

BEIJING, June 9 (AP): China expressed its indignation Tuesday at an honour given to the Dalai Lama by the city of Paris, saying it would seriously harm Beijing's relations with France. Paris Mayor Bertrand Delanoe conferred a certificate of honorary...

Blast near US convoy kills one, wounds 49 Afghans

2009-06-10 00:00:00

ASADABAD, Afghanistan, June 9 (Reuters): A blast near a US troop convoy in Afghanistan killed at least one child and wounded 49 civilians Tuesday, officials said, and witnesses blamed a US soldier for throwing a grenade into a crowd.Abdul Jalal...

news digest

2009-06-10 00:00:00

Myanmar court grants Suu Kyi one more witnessYANGON, June 9: A Myanmar court ruled Tuesday that pro-democracy leader Aung San Suu Kyi will be allowed to have one more defense witness - not three as requested by her lawyers -...

'Women entrepreneurs to be offered plots in SEZ, BSCIC areas'

2009-06-10 00:00:00

FE ReportIndustries minister Dilip Barua said the government will take necessary steps for capacity building of women entrepreneurs."Steps will be taken to offer women entrepreneurs plots in Special Economic Zones and in BSCIC areas," he assured.The minister said that the...

Nitol Group takes lead

2009-06-10 00:00:00

Country's first licensed vehicle tracking service provider 'Ntrack' of NITS Service (Pvt) Ltd has registered a good customer response within the country and looking forward to expand the service abroad."Since obtaining commercial operation license from the Bangladesh Telecommunication Regulatory Commission...

DBBL to provide corporate service to GlaxoSmithKline

2009-06-10 00:00:00

Dutch-Bangla Bank Limited (DBBL) signed an agreement with GlaxoSmithKline Bangladesh Limited (gsk) at a simple ceremony held at the GlaxoSmithKline head office at Gulshan in the city Tuesday. GlaxoSmithKline Finance Director and Company Secretary Sarwar A Khan and DBBL Head...

Envoy Textiles sign MoU on IPO floatation

2009-06-10 00:00:00

LankaBangla Finance Limited, ICB Capital Management Limited (ICML) and Envoy Textiles Limited recently signed a memorandum of understanding (MoU) for a private placement and issue management deal in the city, said a press release.Under the agreement LankaBangla and ICML would...

EBL introduces Priority Banking Service in Ctg

2009-06-10 00:00:00

Eastern Bank Ltd (EBL) has recently launched Priority Banking Service at its OR Nizam Road branch in Chittagong to provide specialised services to its priority customers in the port city.EBL Managing Director and CEO Ali Reza Iftekhar inaugurated the service....

ICB announces NAV of 8 ICB Mutual Funds

2009-06-10 00:00:00

Investment Corporation of Bangladesh (ICB) has announced Net Asset Value (NAV) of 8 ICB Mutual Fund certificates on the basis of market value of the portfolios as on 31 May, 2009, said a press release.Tk 4705.73 was NAV of First...