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Exit polls put Congress ahead as India's vote ends

2009-05-14 00:00:00

NEW DELHI (Agencies): The ruling Congress-led coalition was slightly ahead of the opposition Hindu-nationalist alliance in India's general election, but both groups fell short of a parliamentary majority, early projections said Wednesday.Two exit polls showed both alliances would need new...

Police yet to nab any killer of Mobarak

2009-05-14 00:00:00

FE ReportPolice are yet to arrest the killers of businessman Mobarak Ali, who was gunned down by assailants in the city's Badda area Tuesday morning.However, police managed to collect the names of the culprits involved in the killing. It is...

metal prices at new york market tuesday

2009-05-13 00:00:00

CopperBid/Ask            2.0924             -2.0970 Change            +0.0249            +1.21% Low/High            2.0493             -2.1060 NickelBid/Ask            5.9375             -5.9829 Change            +0.1134            +1.95% Low/High            5.7878             -6.0010 AluminumBid/Ask            0.6823             -0.6868 Change            +0.0023            +0.33% Low/High            0.6768             -0.6868 ZincBid/Ask            0.6987             -0.7032 Change            +0.0136            +1.99%...

commodity prices forecast tuesday at london market

2009-05-13 00:00:00

Commodity Prices   Month            Last            Exchange WTI Light Crude   Jun '09             59.4000          Brent Crude                 Jun '09             58.2800          RBOB Gasoline            Jun '09             1.6802y          Heating Oil                   Jun '09             1.5009y          Nat Gas (NBP)            Jun '09             28.7000          Soybeans        ...

Pakistan stocks world's worst: Credit Suisse

2009-05-13 00:00:00

KARACHI, May 12 (Bloomberg): Pakistan's benchmark stock index, the world's worst performer over the past month, may rebound as the country intensifies its attacks against Taliban militants, Credit Suisse Group said.The Karachi Stock Exchange 100 Index, or KSE 100, as...

United Insurance okays 150% stock,10% cash dividend

2009-05-13 00:00:00

The 24th annual general meeting (AGM) of the United Insurance Company Limited was held at the Bangladesh-China Friendship Conference Centre in the city recently, said a press release.The company earned pre-tax profit of Tk. 373.18 million in 2008. The total...

Sensex soars, closes above 12,000-point mark

2009-05-13 00:00:00

MUMBAI, May 12 (IANS): Indian markets soared late Tuesday, with a key index rising over 490 points from its last closing figure to breach the 12,000-point mark at close of trade. Banking and IT stocks led the rally.The 30-scrip sensitive...

Stock futures point to rebound on Wall Street

2009-05-13 00:00:00

NEW YORK, May 12 (Reuters): Stock index futures pointed to a higher open on Wall Street Tuesday after the previous session's bout of profit taking.At 4:52 a.m. EDT, futures for the S&P 500 were up 0.4 per cent, Dow Jones...

Commodity Future at London Market Tuesday

2009-05-13 00:00:00

                                                 PRICE                 HANGE              %CHANGE      EnergyBRENT CRUDE FUTR             58.230             0.750               1.30     GAS OIL FUT (ICE)               489.250          7.750               1.61     GASOLINE RBOB FUT             168.730          0.710               0.42     HEATING OIL FUTR             151.800          1.710              ...

New virus could still mutate, spark pandemic: WHO

2009-05-13 00:00:00

GENEVA, May 12 (Reuters): The new H1N1 flu virus could still mutate into a more virulent form and spark an influenza pandemic that could be expected to circle the globe up to three times, the World Health Organisation (WHO) said...

Putin praises 'atmosphere of trust' with Japan

2009-05-13 00:00:00

TOKYO, May 12 (AFP): Russian Prime Minister Vladimir Putin praised Tuesday what he called an "atmosphere of trust" with Japan on a visit expected to lead to key energy agreements despite a lingering territorial dispute.The former president was joined by...

Pakistan drops commandos into Taliban stronghold

2009-05-13 00:00:00

MARDAN, Pakistan, May 12 (AP): Army helicopters dropped Pakistani commandos behind Taliban lines in the Swat Valley Tuesday as part of a widening offensive against the militants, while a US missile killed eight people in an attack on a suspected...

Suicide car bomber kills eight in Kirkuk

2009-05-13 00:00:00

BAGHDAD, May 12 (AP): A suicide bomber rammed his car into an Iraqi police truck Tuesday, killing five policemen and three civilians in the northern oil city of Kirkuk, said police.The attack, which took place in a crowded downtown commercial...

Attack in Lankan hospital kills 49

2009-05-13 00:00:00

COLOMBO, May 12 (AP): A mortar shell struck the only functioning medical facility in Sri Lanka's northern war zone Tuesday morning, killing 49 patients and bystanders and wounding more than 50 others, a government health official said. It was the...

news digest

2009-05-13 00:00:00

'UN rights council election is farce'UNITED NATIONS, May 12: This week's UN Human Rights Council elections, in which several nations seen to have dubious human rights records are virtually assured victory, are a farce, says former Czech President Vaclav Havel....

Rumour triggers LankaBangla share price up

2009-05-13 00:00:00

FE ReportThe share price of LankaBangla Finance Limited moved in an unusual way on the Dhaka Stock Exchange (DSE) Tuesday amid a rumour that the company's brokerage wing-LankaBangla Securities- will float shares.When contacted, Mafizuddin Sarker, managing director of the company,...

NCC Bank approves 30pc stock dividend

2009-05-13 00:00:00

National Credit and Commerce (NCC) Bank Ltd approved 30 per cent stock dividend for the year 2008. The bank also decided to raise its authorised capital to Tk 5.0 billion from Tk 2.50 billion, subject to Bangladesh Bank permission.The approval...

Call money rate rises, dollar appears soft

2009-05-13 00:00:00

FE Report The inter-bank call money rate gained ground Tuesday due to withdrawal of cash through government bonds. The US dollar, however, weakened slightly against Bangladesh taka (BDT) in the inter-bank foreign exchange market with moderate demand for the greenback,...

Pioneer Ins AGM approves 20pc cash dividend

2009-05-13 00:00:00

13th annual general meeting (AGM) of Pioneer Insurance Company Limited has approved 20 per cent cash dividend for the year that ended on December 31, '08.The AGM was held in the city Tuesday. Chairman of the company Syed Manzur Elahi...

CSE-30 index reviewed

2009-05-13 00:00:00

The Listing & Index Committee of Chittagong Stock Exchange (CSE) has included some new companies in CSE-30 Index, the barometer of the blue-chip companies after reviewing the performances of the listed companies.The following thirty companies have been included in CSE-30...

Delta Spinners to issue right shares

2009-05-13 00:00:00

Delta Spinners Limited signed an agreement with ICB Capital Management Limited, in the city Tuesday, said a press release.Under the agreement, the ICB Capital Management will act as the manager of the company to issue its right offer of 1,528,760...

Seminar on trade negotiation techniques held in port city

2009-05-13 00:00:00

Our CorrespondentCHITTAGONG, May 12: Trade imbalance leads to dependence on other countries and threatens the sovereignty of the nation.. Export Promotion Bureau (EPB) Director (Chittagong region) Md Golam Mostafa expressed the opinion while addressing a seminar on 'Trade negotiation techniques...

Islami Bank will start lending to migrant families

2009-05-13 00:00:00

FE ReportIslami Bank Bangladesh Ltd. (IBBL) will start lending migrant families and returned migrants to tap the potentials of investing the multi-billion dollars of remittance flowing into Bangladesh, officials said Monday. The country's biggest private bank, which handled US$1.26 billion...

ICB Islamic Bank holds 22nd AGM

2009-05-13 00:00:00

FE Report The 22nd annual general meeting (AGM) of ICB Islamic Bank Limited was held at the Trust Milonayatan in the city Sunday, said a press release. Chaired by ICB Islamic Bank Chairman Tan Sri Hadenan Bin Abdul Jalil, the...

BOC AGM approves 77pc cash dividend

2009-05-13 00:00:00

BOC Bangladesh Limited held its 36th annual general meeting at the Officers Club on Baily Road in the city Tuesday. A final dividend of 77 per cent was approved by the shareholders at the meeting. Earlier, the company had paid...

Closed mills to be re-opened in Khulna

2009-05-13 00:00:00

Our CorrespondentKHULNA, May 12: Economic affairs Adviser to the Prime Minister, Mashiur Rahman said that the gas supply network in Khulna and Mongla Port would be modernised. "The closed mills and industries in the region will be opened consecutively and...

Rangs Electronics launches sales campaign

2009-05-13 00:00:00

Rangs Electronics Limited has launched a new sales campaign titled Sony-Rangs Budgetary Campaign.Chairman and Managing Director of Rangs Group of Companies Aktar Hussain inaugurated the campaign in the city Tuesday, said a press release. Directors and other high officials of...

SL Dev Squad take lead

2009-05-13 00:00:00

Visiting Sri Lanka Development Squad took massive 375-run lead over GP-BCB National Cricket Academy team after dismissing the hosts cheaply for 164 in the first innings on the third day of the first of 2 four-day matches at the Bir...

Taylor blasts Bangalore to victory

2009-05-13 00:00:00

Royal Challengers Bangalore, buoyed by Ross Taylor's return to form, overcame a formidable target set by Kolkata Knight Riders to boost their chances of making the top four, winning by six wickets in a tense encounter in Centurion. Brendon McCullum's...

PCB confrontation with ICC intensifies

2009-05-13 00:00:00

Days after serving the ICC with a legal notice over its decision to remove Pakistan as 2011 World Cup co-hosts, the PCB has ratcheted up the stakes in its confrontation further, sending a letter to Michael Beloff, president of the...