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German economy picks up in Q3, tipped to fall next year

2007-11-15 00:00:00

FRANKFURT, Nov 14 (AFP): Third-quarter growth picked up in Germany, the biggest Eurozone economy, as business investment and consumer spending took over from the traditional export engine, figures released today showed. The economy expanded by 0.7 per cent from the...

Australian sentiment strong despite rate hike

2007-11-15 00:00:00

SYDNEY, Nov 14 (AFP): The hike in Australian interest rates has not affected consumer sentiment as much as expected, which could mean another rate rise is on the cards, according to a new survey released today. The monthly Westpac-Melbourne Institute...

Skyrocketing cotton prices: 150 hosiery units stop production in Pakistan

2007-11-15 00:00:00

The skyrocketing prices of cotton yarn have brought the productions in some 150 industrial units of the hosiery sector to a complete standstill, causing million of rupees losses everyday, hosiery manufacturers said on Tuesday. The lower cotton production below the...

Indian cotton prices firm on export demand

2007-11-15 00:00:00

COIMBATORE (India), Nov 14 (sify.com): Cotton lint prices displayed a steady to firm trend in India during the first few days of the second fortnight of October, but the strong demand from exporters triggered the price levels towards the close...

Lanka to import Pak onion

2007-11-15 00:00:00

COLOMBO, Nov 14 (PTI): Facing uncertainty over supply of onions from India, Sri Lanka is believed to have decided to import the commodity from Pakistan, a trader said yesterday. "Traders have contracted 200 tons of onion from Pakistan for their...

Dollar gains on yen after Wall Street rally

2007-11-15 00:00:00

TOKYO, Nov 14 (AFP): The dollar extended a rebound against the yen in Asian trade today as a rally on Wall Street helped market players to regain some of their appetite for risk, dealers said. The market was waiting for...

World liquid energy resources far bigger than expected

2007-11-15 00:00:00

ROME, Nov 14 (Xinhua): Saudi Aramco President Abdullah S. Jum'ah said here yesterday world liquid energy resources are far bigger than expected, noting he was optimistic over the future. Speaking to the World Energy Congress in Rome, Jum'ah said there...

US soy buoyed by exports, wheat slides with oil

2007-11-15 00:00:00

CHICAGO, Nov 14 (Reuters): US soybeans surged yesterday amid brisk export demand, especially from China, but soyoil prices fell as crude oil slumped on signs that the surge to nearly $100 a barrel will dent global demand. Wheat futures were...

Cambodia to export 2.0m tons of rice

2007-11-15 00:00:00

PHNOM PENH, Nov 14 (Xinhua): Cambodia hopes to export about two million tons of rice in 2007 like in 2006, said Prime Minister Hun Sen here today while addressing the graduation ceremony of a local school. "When we celebrate the...

World oil rebounds in Asia

2007-11-15 00:00:00

SINGAPORE, Nov 14 (AFP): World oil traded higher in Asia today in a technical rebound after heavy falls sparked by forecasts of lower global demand, dealers said. In morning trade, New York's main futures contract, light sweet crude for December...

Wheat price falls in Australia

2007-11-15 00:00:00

There has been a big fall in cash prices being offered to wheat producers in New South Wales.The price has dropped about $30 a tonne for premium grades in the past week, with the cash price dropping below $400 a...

Massive onion farming programme taken in N-region

2007-11-15 00:00:00

RANGPUR, Nov 14 (BSS): The Department of Agriculture Extension (DAE) has fixed an enthusiastic target for producing 3,81,720 tonnes of onion from 63,620 hectares of land in the northern region of the country during the current rabi season, officials said...

BEPZA's role in boosting country's economy lauded

2007-11-15 00:00:00

FE Report Myanmar's Deputy Minister of Commerce Brig General Aung Tun has lauded the role of Bangladesh Export Processing Zones Authority (BEPZA) in boosting the country's economy.He made the observation while a 16-member Myanmar trade delegation led by him was...

EXIM Bank holds training course on General Banking

2007-11-15 00:00:00

FE ReportA five-day long training course on General Banking was held at EXIM Bank's own Training Institute in the city recently, said a press release.Managing Director of the bank Kazi Masihur Rahman inaugurated the training course as the chief guest.A...

IFIC bank holds workshop on Visa credit card

2007-11-15 00:00:00

FE ReportIFIC Bank Academy organised a workshop on 'IFIC Bank Visa Credit Card' at Chamber Building in the city Sunday.The workshop was inaugurated by IFIC Bank Ltd Deputy Managing Director Mohammad Abdullah. Senior Executive Vice President and Head of Training...

AGM of Institute of Bankers held

2007-11-15 00:00:00

FE ReportThe 34 the Annual General Meeting (AGM) of the Institute of Bankers, Bangladesh (IBB) was held at the Conference Room of Bangladesh Bank's head office in the city, said a press release.President of the Institute and Governor of Bangladesh...

Holcim organises training for its sales personnel

2007-11-15 00:00:00

FE ReportHolcim, a leading cement company in the country, organised a two-day training programme titled 'Refresher-2007' for its sales and marketing personnel at a city hotel recently.The main theme of the training programme was 'Aiming High, Climbing Higher", said a...

Furniture fair to be held in Ctg on Dec 6-10

2007-11-15 00:00:00

Our Correspondent CHITTAGONG, Nov 14: A five-day Furniture Fair will be held under the auspices of the Bangladesh Furniture Industries Owners Association ( BFIOA) , Chittagong Division at the Institution of Engineer's, Chittagong Centre from December 6 to December 10...

Call to give Ctg city commercial capital status

2007-11-15 00:00:00

Our CorrespondentCHITTAGONG, Nov 14: Chittagong Shop Owners Association (CSOA) arranged a meeting at Chittagong Chamber auditorium today calling for declaring Chittagong as the commercial capital of the country.Speaking on the occasion as chief guest , Chittagong Chamber of Commerce and...

Govt to constitute Local Govt Commission

2007-11-15 00:00:00

The government is to constitute a commission in line with recommendations of a high-power committee to strengthen local governance systems in the country, Local Government Adviser Anwarul Iqbal said Tuesday, reports BSS."The Local Government Commission will be formed soon," he...

Mobile Court fines 15 restaurants, hotels Tk 0.134m

2007-11-15 00:00:00

Our CorrespondentBRAHMANBARIA, Nov 14: In on anti-adulteration drive, a mobile court fined 15 restaurants and sweetmeat shops TK 1,34,000 in the town Monday for producing adulterated food items and serving unhygienic foods to customers.The mobile court drive was conducted in...

HSBC profit up as US bad debt charge jumps

2007-11-15 00:00:00

LONDON, Nov 14 (Reuters): HSBC Holdings Plc, Europe's biggest bank, said its third-quarter profits were ahead of last year's and revenue growth across the group offset a jump in its charge for bad debts in the United States. The trading...

European stocks pare gains

2007-11-15 00:00:00

LONDON, Nov 14 (Reuters): European shares surrendered part of the day's gains by mid-day Wednesday after US stock index futures dipped and banks pared their early advance.HSBC added 2.0 per cent after its third-quarter profit came in ahead of a...

Popular Life Ins holds Shariah Council meet

2007-11-15 00:00:00

FE ReportPopular Life Insurance Co Ltd held its 16th Shariah Council meeting at the boardroom of the company at Dilkusha in the city Monday, said a press release. Chairman of the Shariah Council of the company Sayed Kamal Uddin Zafri...

IBBL holds clients'get-together, discussion

2007-11-15 00:00:00

FE ReportEstablishment of Islamic banking and financial systems has become essential in the present world as the transparency and accountability of such banking is being felt by all.Chairman of the Executive Committee of Islami Bank Bangladesh Limited (IBBL) Mominul Islam...

DBBL founder chairman invited for interview with CNBC Television

2007-11-15 00:00:00

FE ReportFounder Chairman of Dutch-Bangla Bank Ltd (DBBL) and Chairman of Dutch-Bangla Bank Founda-tion M Shahabuddin Ahmed has been invited for an exclusive interview with the CNBC Television, according to a press release.Shahabuddin Ahmed and Netherlands Development Finance Company (FMO)...

ICAB holds CPE seminar

2007-11-15 00:00:00

FE ReportThe Institute of Chartered Accountants of Bangladesh (ICAB) organised a CPE (continuing professional education) seminar on Strengthening Accounting and Auditing Practices in the Corporate Sector (Twinning Project under the World Bank) in the city Wednesday, said a press release.Council...

Biggest cattle fair of country begins in Dinajpur dist

2007-11-15 00:00:00

Our CorrespondentNILPHAMARI, Nov 14: The biggest cattle fair (mela) of the country, 'Kalirmela', began on November 8 at Jharbari of Birganj upazila in Dinajpur district. This historic and traditional cattle fair takes place during the Kalipuja festival of the Hindus...

Asian stocks close up

2007-11-15 00:00:00

HONG KONG, Nov 14 (AFP): Asian stocks closed up Wednesday as they staged a recovery from a mauling earlier in the week, buoyed by a Wall Street surge and falling crude oil prices. BOMBAY: Indian share prices surged to close...

Ford sees tough US market

2007-11-15 00:00:00

LOS ANGELES, Nov 14 (Reuters): Ford Motor Company is preparing for the risk that higher oil prices and a slowing US economy crimp demand and will cut production as needed to avoid building costly inventories, senior executives said Tuesday. Speaking...