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Euro steadies against 'safe-haven' dollar

2007-11-11 00:00:00

NEW YORK, Nov 10 (AFP): The euro held steady against the dollar here yesterday as fears about the depth of a credit crunch sent investors fleeing for traditional safe havens, strengthening the greenback and the yen. The euro had jumped...

Gold, oil pause on path to key highs

2007-11-11 00:00:00

NEW YORK/LONDON, Nov 10 (Reuters): Oil and gold both lost momentum yesterday, as they digested the week's volatility on their respective treks to all-time and 28-year peaks, but supply worries for oil, inflation fears for gold, and dollar weakness should...

Brussels proposes keeping EU's contested cotton aid regime

2007-11-11 00:00:00

BRUSSELS, Nov 10 (AFP): The EU Commission yesterday proposed keeping the bloc's cotton growers' subsidy scheme, largely de- linking aid from production, that Europe's highest court contested last year after a Spanish complaint. Under the system, most EU aid, 65...

Malaysian PM signals hike in fuel prices

2007-11-11 00:00:00

KUALA LUMPUR, Nov 10 (PTI): Malaysian Premier Abdullah Badwai Friday said the government will have to restructure energy subsidies, signaling that Malaysians may soon have to brace up for a hike in petrol prices. Abdullah told his party delegates that...

Study finds 92pc local softwares pirated

2007-11-11 00:00:00

FE ReportA seminar titled 'Staying on the Right Side of the Law with Software Asset Management' was held recently at Dhaka Sheraton Hotel, with the patronage of the Business Software Alliance (BSA), an organisation dedicated to promoting a safe and...

HSBC gives away prizes to quiz winners

2007-11-11 00:00:00

FE ReportThe Honkong and Shanghai Banking Corporation (HSBC) Ltd, Bangladesh has distributed prizes to the winners of the HSBC Select Quiz Competition at a simple ceremony in the city recently.The grand prize winner, who successfully answered the three questions correctly,...

CCC to allow installation of 5000 billboards

2007-11-11 00:00:00

Our CorrespondentCHITTAGONG, Nov 10 : Chittagong City Corporation (CCC) will accord permission for installing over five thousand billboards and signboards afresh at different places of the port city, CCC sources said.The task of installing the same is now under process...

BRAC Bank to give donation to Cholera Hospital

2007-11-11 00:00:00

BRAC Bank will provide financial assistance to the Dhaka Hospital, popularly known as 'Cholera Hospital', for necessary renovation of its semi-permanent shed, reports UNB. To this effect, a memorandum of understanding (MoU) will be signed between ICDDR'B and BRAC Bank...

4 state-owned banks file 7,706 certificate cases in Comilla

2007-11-11 00:00:00

COMILLA, Nov 10 (UNB): The four state-owned banks have filed 7,706 certificate cases against defaulters in different upazilas of the district to realise Tk 282 million outstanding loans.Of the total, Sonali Bank filed 259 cases to realise Tk 5.63 million,...

Md Yeasin Ali reappointed DBBL MD

2007-11-11 00:00:00

FE ReportMd Yeasin Ali, a veteran banker of the country, has been reappointed managing director (MD) of Dutch-Bangla Bank Ltd (DBBL for another two years with effect from November 10, 2007.Prior to joining DBBL, Yeasin Ali served in Bangladesh Krishi...

Oman to import medicines, RMG, cosmetics from Bangladesh

2007-11-11 00:00:00

Oman's business leaders Saturday said they are interested in importing medicines, T-shirts, cosmetics and readymade garments from Bangladesh, aiming to strengthen the friendly relations between the two Muslim countries, reports UNB. Members of Oman Chambers of Commerce and Industry (OCCI)...

banglalink provides Hajj pilgrims with special services

2007-11-11 00:00:00

FE Reportbanglalink, a mobile phone company of the country, has taken an initiative to provide Hajj pilgrims with pure drinking water, necessary medicines, free phone kiosks and buses for shuttle services (airport drop service for Hajj pilgrims).As part of corporate...

Greenback weakens against BDT

2007-11-11 00:00:00

Sarwar Zahan US dollar weakened against Bangladesh taka (BDT) last week with steady demand for the greenback, fund managers said. Taka appeared to be slightly appreciated, as the central bank sold dollar to improve supply position and ease pressure on...

Agrani Bank managers urged to ensure more profit

2007-11-11 00:00:00

FE ReportBranch managers of Agrani Bank have been urged to come forward with dedication for earning more profit particularly from foreign exchange business. Chairman of the board of directors of the bank and former secretary of the Ministry of Finance...

Bangladesh trade fair in Bahrain begins Jan 22

2007-11-11 00:00:00

FE ReportTargeting to tap huge market potentiality of Bangladeshi products, Dhaka International Exhibition Company (DIEC) in association with the Bangladesh embassy in Bahrain will organise an eight-day trade fair there from January 22, 2008. The fair will be held at...

Adulterated ghee recovered in Ctg: Six arrested

2007-11-11 00:00:00

Our CorrespondentCHITTAGONG, Nov 10: A huge quantity of adulterated ghee was recovered by the Rapid Action Battalion from Bakalia Razakhali area in the city and six persons were arrested in this connection.According to the concerned sources, on receiving secret information,...

Visa hopes to raise $10b in IPO

2007-11-11 00:00:00

SAN FRANCISCO, Nov 10 (AP): Visa Inc. hopes to cash in on its massive credit and debit card network by raising up to US$10 billion in what would be the second largest initial public offering of stock in US history....

Beef at Tk 155 a kg at Agora

2007-11-11 00:00:00

FE ReportBeef is now available at Taka 155 a kilogram at Agora, country's first and largest chain superstore which launched a "Weeklong Haat" on Thursday (November 8).All through the 'haat' week, many other consumer items, including rice, pulse, onion, sugar,...

Asian markets end mixed

2007-11-11 00:00:00

BANGKOK, Nov 10 (AP): Asian markets were mixed Friday as investors took their cues from local developments.MUMBAI: Indian financial markets were closed for a public holiday.BANGKOK: Thailand's main stock index rose 0.10 per cent to 874.6, with traders generally cautious...

Pakistan emergency to end in one month

2007-11-11 00:00:00

ISLAMABAD, Nov 10 (Agencies): Pakistan announced plans to lift its state of emergency within one month and allowed opposition leader Benazir Bhutto to leave her villa following a day under house arrest, as the country sought Saturday to restore its...

Ban opposes UN peacekeepers in Somalia

2007-11-11 00:00:00

UNITED NATIONS, Nov 10 (Agencies): Against a backdrop of heavy fighting and growing insecurity, Secretary-General Ban Ki-moon opposed the deployment of UN peacekeepers to Somalia and suggested instead a robust multinational force or a coalition of willing nationsn August, the...

Indian girl born with eight limbs stable

2007-11-11 00:00:00

BANGALORE, Nov 10(AFP): A two-year-old Indian girl separated from her conjoined twin was doing well today after regaining consciousness for the first time after a gruelling 27 hours of surgery. Lakshmi, who had been born with eight limbs, was under...

Roadside bombs kill seven in Iraq

2007-11-11 00:00:00

BAGHDAD, Nov 10 (Agencies): Roadside bombs killed at least seven Iraqis early Saturday, including four civilians who died on minibuses on their way to work, police said. The first explosion killed two people and wounded nine around 6:15 a.m. in...

news digest

2007-11-11 00:00:00

Four Muslims shot dead in Thai south NARATHIWAT, (Thailand), Nov 10: Suspected separatist rebels shot dead four Muslims in restive southern Thailand overnight, police said Saturday. The 46-year-old deputy chairman of a local administrative body and his 20-year-old neighbour were...

Enjoying education delivers best results

2007-11-11 00:00:00

M A IslamRABINDRANATH Tagore said: "Education without pleasure is no education at all". His words are still significant and will probably be so for ever. Pleasure in studies is crucial and helpful for success in life. It helps to understand...

Benefits of early morning studies

2007-11-11 00:00:00

FE Special 'Morning shows the day'. The way you begin the morning is indicative of how you will pass the day. If you begin it joyfully, most probably your whole day will be joyous. If you begin it with bad...

Some private universities are helping higher education

2007-11-11 00:00:00

Md. HabibullahIN order to impart quality education, a country needs to establish some centres of excellence. Since the Industrial Revolution in Europe the demand for higher education has been increasing on a regular basis and it will surely get momentum...

In search of the bigger picture

2007-11-11 00:00:00

Nanna Lüneborg ONLY a few months ago, I was trekking around Ilulissat in Greenland, my one-year-old daughter strapped to my back, admiring some of the most spectacular scenery on earth. After more than a decade in the UK, mostly in...

Quotable quotes

2007-11-11 00:00:00

The man who does not read good books has no advantage over the man who can't read them.-Mark TwainA good memory and a tongue tied in the middle is a combination which gives immortality to conversation.- Mark TwainThe best way...

Shaheed Noor Hossain Day observed

2007-11-11 00:00:00

Shaheed Noor Hossain Day was observed Saturday with different political, socio-cultural organisations and professional bodies placing wreaths at the Noor Hossain Square in the city, reports bdnews24.com. Awami League leaders Abdur Razzak, Motia Chowdhury and Shahara Khatun led a number...