NEW YORK, Dec 6 (Reuters): Late mortgage payments and the rate of home loans in foreclosure rose to record highs in the third quarter, threatening to escalate as the recession erases jobs and further strains homeowners, the Mortgage Bankers Association...
NEW YORK, Dec 6 (Reuters): A measure of future US economic growth and its annualised growth rate both ticked up in the latest week, but they still suggest the recession will intensify in the near future, a research group said...
JAKARTA, Dec 6 (AFP): Indonesia has secured emergency loans worth five billion dollars to help plug its budget deficit and boost growth, authorities have said. "The loans, which come from the World Bank, the Asian Development Bank, Japan, Australia and...
NEW DELHI, Dec 6 (PTI): With India-Pakistan relations touching a new low after terror attacks on Mumbai, bilateral exchange of trade and ministerial delegations as a part of the political composite dialogue has been put off indefinitely. India's Minister of...
LONDON, Dec 6 (AFP): Commodity prices tumbled this week with losses accelerated Friday by news of half-a-million job losses in the United States that fuelled expectations of steep falls in demand for raw materials. "It's a very negative environment in...
FE ReportRB Group, which has been marketing Walton brand electronics products in the local market, announced special offers ahead of Eid-ul-Azha.According to the company source the offer will be continued till December 09 at all showrooms of the company all...
Our CorrespondentCHITTAGONG, Dec 06: Arrival of sacrificial animals loaded in trucks at different cattle-markets of the port city and its adjoining areas are being witnessed almost every day on the eve of the upcoming holy Eid-ul-Azha which is set to...
The 183rd meeting of the board of directors of the Social Investment Bank Limited (SIBL) was held at its board room in the city recently, says a press release. Chairman of the board of directors of the bank Abdul Awal...
Grameenphone Ltd signed an agreement with the Bangladesh Technical Education Board (BTEB) to facilitate capacity development for the rural masses, says a press release.Under the terms of the agreement Grameenphone Community Information Centres (CIC) will provide BTEB certified computer training...
Warid Telecom Thursday launched a bundle package with a Nokia 1208 handset, Tk 3,000 worth of talk-time and prepaid zem connection. The latest package is available at all business centres, franchisees, corporate sales points and designated sales points of Warid...
CARACAS, Dec. 6 (Xinhua): Oil prices in Venezuela dropped to 34.49 U.S. dollars per barrel yesterday, the lowest since prices began to fall six months ago when a barrel cost as much as 129.54 dollars. It meant a loss of...
BEIJING, Dec 6 (AFP): Car sales in China fell more than 10 per cent in November as the global financial crisis eroded consumer confidence, state media reported. The number of passenger vehicles sold in November dropped to 522,800 -- a...
FE Report Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) President Salahuddin Kasem Khan has advocated for creating a South East Asian Cooperation-Free Trade Area (SEACO-FTA) to face global financial crisis and recession.The BMCCI president proposed this in a farewell reception...
FE Report Emirates Airline's Business Rewards, its innovative online-based reward programme tailored for small and medium enterprises (SMEs), is now available in 55 countries across Europe, Asia-Pacific, Middle East, Africa, and Americas.Emirates' Divisional Senior Vice-president (Commercial Operations) Keith Longstaff said:...
FE Report ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh, recently announced Net Asset Value (NAV) of its two unit funds, said a press release. The total NAV of ICB AMCL Pension Holders' Unit Fund...
Sarwar Zahan US dollar gained strength against Bangladesh take (BDT) in the inter-bank foreign exchange market last week due to higher demand for the greenback, fund managers said. Most banks were in buying mood creating pressure on liquidity enabling the...
Dutch-Bangla Bank Limited (DBBL) has opened its second Small and Medium Enterprise (SME) Service Centre at Gobindaganj Bazar in Chhatak of Sunamganj district recently.In this connection, an inaugural function was organised on the Centre premises. Managing Director of the bank...
The 44th annual general meeting (AGM) of Eastern Housing Limited (EHL) has approved 15 per cent cash dividend for the year that ended on July 31, '08.The meeting was held in the city recently, said a press release.Chairman of the...
FE Report Pubali Bank Limited opened its 363rd branch at Daudkandi in Comilla recently, said a press release. Pubali Bank board of directors member Giasuddin Ahmed inaugurated the branch as the chief guest. Chaired by Pubali Bank Managing Director Helal...
Renwick Jajneswar and Company (BD) Limited has approved 10 percent dividend, highest ever in the last 20 years, to its shareholders.The approval came in the 20th Annual General Meeting (AGM) of the company held at its premise on Friday.Chairman of...
Mr Ricky Corker has been appointed head of Nokia Siemens Networks (NSN) Asia North. As head of Asia North, Mr Ricky Corker will oversee all operations of the company in Thailand, Vietnam, Bangladesh, Cambodia and Korea, said a press release.Since...
NEW DELHI, Dec 6 (AFP): An Indian stimulus package expected this weekend will be the first of several steps to prime an economy hit by the global recession and shaken further by the Mumbai attacks, a minister said. Analysts expected...
NEW YORK, Dec 6 (AFP): Wall Street's roller-coaster ride saw more gut-wrenching turns over the past week as investors came to terms with what appears to be a deep and painful economic slump. The market faced an official declaration that...
SYDNEY, Dec 6 (AFP): Australia's fourth biggest bank, ANZ, will cut a total of 800 jobs before Christmas because of the global financial crisis, reports said today. Chief executive Mike Smith made the announcement to staff in Melbourne Friday and...
ISLAMABAD, Dec 6 (agencies): At least 27 people have been killed and scores injured in a suspected car bombing in the north-western Pakistani city of Peshawar, police say.The blast hit a heavily populated area outside a Shia mosque near the...
NEW DELHI, Dec 6 (AFP): India's government has pledged to open up its nuclear sector to private players -- once it completes bilateral civil nuclear cooperation pacts.The statement late Friday came after Indian Premier Manmohan Singh signed a landmark nuclear...
NEW YORK, Dec 6 (Reuters): Caroline Kennedy, daughter of slain President John F. Kennedy, is considering pursuing the New York Senate seat Hillary Clinton will vacate to become secretary of state, The New York Times reported Friday."I believe that she...
HEBRON, Dec 6 (Reuters): Jewish settlers torched a rooftop enclosure of a Palestinian man's home in the West Bank city of Hebron Saturday, a Palestinian police spokesman said.The United Nations as well as Palestinian and Israeli officials have condemned violence...
Gordon Brown has urged the world to tell Zimbabwean President Robert Mugabe "enough is enough" amid growing concern over the country's cholera outbreak, reports BBC.The prime minister said the crisis, which has claimed nearly 600 lives, had become an international...
Stress in the six months before conception increases the risk of giving birth prematurely, research suggests, reports BBC.Mothers who experience a death or serious illness in the family before falling pregnant are more likely to have a preterm baby, a...
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