WASHINGTON, Nov 25 (AFP): US president-elect Barack Obama pledged yesterday to work with global leaders to stem the ever-widening financial crisis, as Washington and Britain moved to shore up their ailing economies. "The reality is that the economic crisis we...
BEIJING, Nov 25 (Reuters): China's growth could well slow to its weakest pace in almost two decades next year, the World Bank said, the latest grim prognosis for a global economy buckling despite the concerted efforts of policymakers.What started more...
NEW YORK, Nov 25 (AFP): As many as 225,000 jobs could be lost in New York city and state due to the Wall Street crisis, the state comptroller, Thomas DiNapoli, said yesterday. "Total private sector job losses during this two-year...
BRUSSELS, Nov 25 (AFP): The European Union scrambled yesterday to put the final touches to a coordinated economic stimulus package designed to drag the continent's economies out of recession. As the European Commission prepared to unveil wide-ranging plans Wednesday for...
NEW DELHI, Nov 25 (Reuters): Financial reforms could still help India's economy grow 7.5-8.0 per cent this fiscal year but with a sharp global downturn, monetary policy must shift further in favour of supporting growth, a top economic adviser said.India's...
WASHINGTON, Nov 25 (AFP): The International Monetary Fund (IMF) said yesterday its executive board approved a credit of 7.6 billion dollars for Pakistan, the Fund's first rescue in Asia since the global financial crisis began. The credit will "support the...
JAKARTA, Nov 25 (AFP): Indonesia slashed its 2009 growth forecast today as the country's finance minister warned Southeast Asia's biggest economy would be hit hard by the global downturn. Sri Mulyani Indrawati told an investor conference the economy would likely...
SINGAPORE, Nov 25 (AFP): World oil prices fell in Asian trade today as euphoria over the US government's bailout of Citigroup faded and investor pessimism about the global economic downturn returned, analysts said. New York's main futures contract, light sweet...
MUMBAI, Nov 25 (AP): India's state-run Oil and Natural Gas Corp has made a "significant" oil discovery in the Bay of Bengal, off India's eastern coast, the company said Tuesday. The discovery, in Krishna Godavari basin, 15 kilometers off the...
FE Report Two customers won refrigerator and television from Singer Plus in its two ongoing campaigns, said a press release. Under 'Full Free Eid Offer' campaign, Md Habibur Rahman Gazi of Gudnail, Fatullah in Narayanganj won a Singer refrigerator from...
Prize giving ceremony of 9th PRAN Prothom Alo National Pickle Competition-2008' was held Sunday, says a press release.Ex-principal of Home Economics College Feroza Sultana, film actress Diti, recipe specialist Sitara Ferdous, singer Krishnakoli, TV artiste Sharmili Ahmed, Richi Solaiman, Swety...
YANGON, Nov. 25 (Xinhua): Myanmar's timber export market has apparently declined as international purchase power falls, triggered by the global economic crisis, reported the local Weekly Eleven News today. Quoting a recent paper reading session involving timber entrepreneurs, the report...
WASHINGTON, Nov 25 (AFP): Existing US home sales fell 3.1 per cent in October as buyers remained on the sidelines amid economic uncertainty, the National Association of Realtors said yesterday. The industry group said sales of homes and apartments dropped...
KATHMANDU, Nov. 25 (Xinhua): The Nepali government will soon reveal an action plan on hydropower which would help meet the envisaged target of generating 10,000 MW by 2020, state- owned newspaper The Rising Nepal reported today. Nepali Water Resources Minister...
Our CorrespondentGOPALGANJ, Nov 25: "A cockle is no less than a pearl" has been proved by Ratna Rani Sarker (30), a cockle (jhinuk) businessperson of village South Jalirpar under Muksudpur Upazila in Gopalganj district.Ratna Rani Sarker could made her self...
SEOUL, Nov 25 (AFP): Major South Korean retailers said today they would resume US beef sales for the first time since mass protests against the imports rocked the country, citing the need for cheap food during hard times. The Korea...
HONG KONG, Nov 25 (AFP): South Korean automaker Hyundai Motor said today its strategy for weathering the financial storm was to expand its production of small, fuel-efficient cars for China and other emerging markets. Demand for Hyundai's small cars is...
FE ReportDepository participants (DPs) have demanded that the Securities and Exchange Commission (SEC) and the Central Depository Bangladesh Ltd (CDBL) set the period of January 1 to December 31 as the beneficiary owners' (BO) annual account maintenance fee' period. "Under...
FE Report The inter-bank call money rate gained ground slightly Tuesday due to withdrawal of cash through reverse repurchase agreement (repo) and government bonds. The US dollar also gained against Bangladesh taka (BDT) in the inter-bank foreign exchange market on...
FE Report The central bank Tuesday provided overdraft (OD) facilities to the tune of US$10 million to a state-owned commercial bank (SCB) for settlement of fuel oil import bills."We've provided the OD facilities to the SCBs against government approved securities...
Our CorrespondentKHULNA, Nov 25: Production at section-1 of Bengal Textile Mills has been suspended from Saturday as the contract period of service charge was expired.Bengal Textile Mill was set up in Avoynagor of Jessore District in 1961 with two sections....
Islami Bank Bangladesh Limited (IBBL) Chairman Abu Nasser Muhammad Abduz Zaher said IBBL gives priority to the Mufassil and rural areas for the extension of the small and medium enterprises (SME). The bank aims at enriching national economy by strengthening...
EXIM Bank provided financial assistance worth Tk 0.9 million (9.0 lakh) to the slum dwellers at Gonoktoli colony in the city recently, who sustained losses in the recent fire that gutted their shanties.EXIM Bank Audit Committee Chairman and its foundation...
BRAC Bank Limited inaugurated a branch at Dakkhin Khan in the city Monday, says a press release.Director of the bank SN Kairy inaugurated the branch. Managing Director of the bank AEA Muhaimen, Deputy Managing Director Syed Mahbubur Rahman, Chief Information...
Delta Brac Housing Finance Corporation Ltd. (DBH), the leading housing finance company, was rated 'AAA' (Triple A), top of the rating scale for long term and ST-1 for short term for the third consecutive year. Mr. Hamidul Huq, Managing Director...
AKTEL has announced another new offer of 'Free Connection' for its new Prepaid customers as a part of its 11th year celebration.All new AKTEL Prepaid connections will now be available at only Tk 199 with Tk 200 bonus talk-time. After...
FE Report Abdullah A. Ferdous, senior consultant of BTRC, has won this year's prestigious ID People Award at the ID World International Congress 2008. The names of winners of the ID People Awards - the Oscars of the Auto ID...
Dutch-Bangla Bank Limited (DBBL) has opened its 59th branch at Mehetaj Shopping City on the Girls' School Road at Chhatak in Sunamganj.Managing Director of the bank Md Yeasin Ali inaugurated the branch recently, said a press releaseFrom the opening day,...
KUWAIT CITY, Nov 25: Stock markets across the oil-rich Gulf region traded higher Tuesday after days of losses, buoyed by a rally in global shares on the back of stimulus packages and rescue plans, according to Internet.All but one of...
FE Report Jalalabad Gas Transmission and Distribution System Limited, Sylhet has earned a total revenue of Tk 3.0927 billion (309.27 crore) in the fiscal 2007-08 consisting sale revenue of Tk 2.9453 billion and other income of 147.4 million. This was...
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