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Oil price closes in on $100 a barrel

2007-11-04 00:00:00

LONDON, Nov 3 (AFP): Crude oil prices broke fresh record highs this week, surging above 96 dollars a barrel for the first time, on worries about tight global energy supplies. Gold futures soared above 800 dollars an ounce, a feat...

Gold hits $800

2007-11-04 00:00:00

NEW YORK/LONDON, Nov 3 (Reuters): Gold hit $800 yesterday for the first time in 28 years as record-high oil prices, all-time lows in the dollar and the global credit crunch made investors take cover in the safe haven of the...

Dollar dives to fresh lows as market shrugs off job growth

2007-11-04 00:00:00

NEW YORK, Nov 3 (AFP): The dollar dived to a fresh record low against the euro yesterday as foreign exchange speculators appeared to shrug off an upbeat economic report which revealed a surprisingly strong surge in US job creation. The...

India agrees to export rice to Lanka

2007-11-04 00:00:00

COLOMBO, Nov 3 (PTI): Acceding to the request of Sri Lankan President Mahinda Rajapaksa, India has agreed to export 6,000 metric tonnes of rice to the island nation, which is reeling under high inflation due to spiralling food prices. The...

Pak firm on IPI project despite US sanctions on Iran

2007-11-04 00:00:00

ISLAMABAD, Nov 3 (PTI): Pakistan yesterday said it is committed to the Iran-Pakistan-India gas pipeline project despite the sanctions imposed by the US to pressure Tehran to stop its nuclear programme. "We are committed to the Iran-Pakistan-India pipeline project and...

Govt may approve first ever ship breaking policy

2007-11-04 00:00:00

Jasim Uddin Haroon The government is likely to approve the first ever policy for the country's ship breaking industry shortly to reduce environmental pollution and give impetus to the sector that provides steel to hundreds of re-rolling mills.The policy will...

Tk 100m SIBL investment facility for LankaBangla Finance Ltd

2007-11-04 00:00:00

FE ReportSocial Investment Bank Ltd (SIBL) has extended an investment facility of Tk 100 million to LankaBangla Finance Ltd to finance its business activities. SIBL Managing Director (MD) KM Asaduzzaman and his LankaBangla Finance Ltd counterpart Mafizuddin Sarker signed an...

Cooperatives 'can play vital role in controlling' prices of essentials

2007-11-04 00:00:00

RAJSHAHI, Nov 3 (BSS): Speakers at a discussion here today (Saturday) called for undertaking collective efforts for smooth functioning of the cooperatives, which could be an important means of alleviating poverty from society.The discussion was organised on the occasion the...

Inaugural meet on ICT pilot project held

2007-11-04 00:00:00

FE ReportThe inaugural meeting of a pilot project linking information and communications technology (ICT) with micro, small and medium enterprises (MSMEs) in rural Bangladesh was held at the National Press Club in the city Friday, said a press release.The Commonwealth...

Call for proper implementation of export policy

2007-11-04 00:00:00

Our CorrespondentChittagong, Nov 03: A seminar on "Export Policy, 2006-2009 and strategy: Its implication, application and inceptive measures "was held under the auspices of Export Promotion Bureau (EPB), Chittagong at the conference room of Chittagong Chamber of Commerce and Industry...

Greenback closes weak against BDT

2007-11-04 00:00:00

Sarwar Zahan US dollar closed weak against Bangladesh taka (BDT) last week influenced by injection of dollar into the market by the central bank. The demand for greenback, however, was still high, fund managers said. The exchange rate of greenback...

IIDFC, Summit hold 'road show' to raise fund for power plants

2007-11-04 00:00:00

FE ReportIndustrial and Infrastructure Development Finance Company (IIDFC) Limited and Summit Group arranged a road show presentation for raising syndicated funds. Zero coupon bonds would be issued to raise fund for Summit Uttaranchol Power Company Limited and Summit Purbanchol Power...

Seeds, fertiliser worth Tk 15m allocated for flood-hit farmers of B'baria

2007-11-04 00:00:00

Our CorrespondentBRAHMANBARIA, Nov 3: The government has allocated seeds and fertiliser worth Tk 1,48,22,063 for rehabilitation of flood-affected farmers in the district.Deputy Director of the Department of Agriculture Extension (DAE), Brahmanbaria Rafiqul Islam said this Financial Express. Under the post-flood...

Emirates launches Ahmedabad, Toronto flights

2007-11-04 00:00:00

FE ReportEmirates airline launched two new non-stop services: a six-a-week service to Ahmedabad in India, and a thrice-weekly service to Toronto, Canada -- marking a simultaneous expansion of its global route network eastwards and westwards from Dubai.Emirates Airline and Group...

Winter vegetables start coming to city markets

2007-11-04 00:00:00

The supply of winter vegetables to the city markets is increasing, reports BSS. The vegetable traders expressed the hope that the prices of the vegetables would start coming down with the increasing supply in a couple of days, a market...

'Cooperate with women entrepreneurs to boost country's economy'

2007-11-04 00:00:00

Our CorrespondentCHITTAGONG, Nov 3: President of Bangladesh Federation of Women Entrepreneurs Rokeya Afzal Rahman has called for extending cooperation to the women entrepreneurs for achieving economic prosperity of the country. She was speaking as the chief guest at a day-long...

China outbids India, bags Lankan onion export order

2007-11-04 00:00:00

COLOMBO, Nov 3 (PTI): Sri Lanka has decided to import 20,000 metric tonnes of big onions from China to augment its domestic supplies in the wake of high inflation prevailing in the island country. India, which is facing a dip...

Wall Street rebounds as European stocks slide

2007-11-04 00:00:00

NEW YORK, Nov 3 (AFP): Global markets were hit by jitters yesterday but Wall Street managed to end with modest gains after an unexpectedly sharp gain in US job creation eased some concerns about the world's biggest economy. The Dow...

Indian shares to scale new highs next week

2007-11-04 00:00:00

MUMBAI, Nov 3 (AFP): Indian share prices are expected to hit fresh record highs in the coming week on sustained overseas fund buying, though volumes could dip marginally during the Hindu festive season, dealers said. They said fresh buying opportunities...

Pakistan militants seize police stations

2007-11-04 00:00:00

SWAT, (Pakistan), Nov 3 (Agencies): Militants said Saturday they captured two police stations in a mountainous region of northwest Pakistan that has increasingly fallen under the control of Taliban and al-Qaida-linked extremists, bringing further embarrassment to President Gen. Pervez Musharraf's...

Al-Qaida's No. 2 threatens Libya

2007-11-04 00:00:00

CAIRO, Egypt, Nov 3 (Agencies): Al-Qaida's No. 2 figure harshly criticized Libyan leader Moammar Gadhafi in a new audio tape Saturday, accusing him of being an enemy of Islam and threatening a wave of attacks against the North African country...

Iraq says no one can stop Kurdish rebels

2007-11-04 00:00:00

ISTANBUL, Nov 3 (Agencies): Iraq warned that no one can stop Kurdish rebels in Iraq's remote northern border region from attacking Turkey, as tensions over the assaults overshadowed a major international meeting on Iraq's future"It's not in our capacity" to...

US nuclear plant sealed off after bomb found

2007-11-04 00:00:00

PHOENIX, (Arizona), Nov 3 (AFP): A nuclear power plant in Arizona was locked down Friday morning after security guards discovered a pipe bomb in a contract worker's truck, authorities said. Plant operator Arizona Public Service called the discovery an "unusual...

US today lacks credibility due to Iraq war, says Bill Clinton

2007-11-04 00:00:00

VANCOUVER, (Canada), Nov 3 (UNB): Former US President Bill Clinton has said the United States has lost its credibility in today's world due to Iraq war.Addressing a conference of Pacific Economic Forum here Friday, he said the United States is...

Diabetes ‘coach’ may help diabetic teenagers

2007-11-04 00:00:00

NEW YORK Nov 3(Reuters): A "personal trainer" can enhance an adolescent's motivation and capability of managing diabetes, according to a randomized trial sponsored by the National Institutes of Health. Dr. Tonja R. Nansel, at the National Institute of Child Health...

news digest

2007-11-04 00:00:00

Coming soon-'climate neutral' wine BORDEAUX, (France), Nov 3: The first-ever attempt at a climate neutral vineyard in France is underway in Bordeaux's Medoc region, where winemaker Remi Lacombe plans to offset his own carbon emissions by investing in a carbon-reducing...

AL pays homage to four national leaders

2007-11-04 00:00:00

Awami League (AL) leaders Saturday paid homage to four national leaders and War of Liberation heroes to mark the Jail Killing Day, reports UNB.AL leaders, including acting president Zillur Rahman and acting general secretary Syed Ashraful Islam, placed wreaths at...

Mir Showkat terms Saifur-Hafiz committee illegal

2007-11-04 00:00:00

Former Bangladesh Nationalist Party (BNP) vice-chairman Mir Showkat Ali termed Saifur-Hafiz committee illegal in accordance with the BNP constitution.The BNP former vice-chairman said this while briefing journalists at his Gulshan residence in the city Saturday, reports UNB."The committee was formed...

'Public tribunal' to try multilateral lenders

2007-11-04 00:00:00

A lineup of country's left-leaning and progressive personalities and organisations decided to form a public tribunal to unmask the 'imperialist' mission of the World Bank (WB), the Asian Development Bank (ADB) and the International Monetary Fund (IMF) in Bangladesh before...

CCC concerned over death threat to its acting mayor

2007-11-04 00:00:00

Our CorrespondentCHITTAGONG, Nov 3: The ward commissioners and departmental heads of Chittagong City Corporation (CCC) expressed their grave concern over the threat of killing the CCC Acting Mayor M Manjur Alam, in its 28th general meeting, held Friday.In a unanimous...