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$ 30b fund for Beijing-Shanghai railway

2007-10-26 00:00:00

SHANGHAI, Oct 25 (AFP): A new investment firm funded by Chinese and foreigners will be tasked with providing up to 30 billion dollars to build a high-speed rail line linking Beijing and Shanghai, state press said today. The state-run firm...

S Korean growth slows in third quarter

2007-10-26 00:00:00

SEOUL, Oct 25 (AFP): South Korea's economic growth slowed in the third quarter after expanding at its fastest pace for three and a half years in the preceding three months, the central bank said today. Gross domestic product expanded 1.4...

Hyundai Motor profit jumps after averting strike

2007-10-26 00:00:00

SEOUL, Oct 25 (AFP): South Korea's top automaker Hyundai Motor today reported its net profit jumped in the third quarter to September after agreeing to a wage deal to avert a strike. Net profit rose 44.8 per cent year-on-year to...

Germany proposes tighter controls of investments

2007-10-26 00:00:00

FRANKFURT, Oct 25 (AFP): The German government adopted yesterday a proposal to tighten controls on investment in German companies that widens in particular the definition of concerted action. That generally designates an agreement by several groups-often investment funds-that buy significant...

Brent crude price soars to record high above 86 dollars

2007-10-26 00:00:00

LONDON, Oct 25 (AFP): The price of Brent crude oil struck an historic peak of 86.28 dollars per barrel in trading here Thursday on renewed concerns over tight global energy supplies. New York crude also surged as Turkey vowed to...

Dollar eases against euro before more US housing data

2007-10-26 00:00:00

LONDON,Oct 25 (AFP): The dollar edged lower against the European single currency on Thursday ahead of another reading on the beleaguered US housing market. The euro firmed to 1.4268 dollars in early European trade from 1.4264 dollars in New York...

Yen gains in Asian trade on risk aversion

2007-10-26 00:00:00

TOKYO, Oct 25 (AFP): The yen gained on the dollar and euro in Asian trade today as investors shunned riskier assets amid concerns about slowing US economic growth and expectations of another rate cut there, dealers said. The dollar slipped...

Nepal hikes oil product prices on higher import costs

2007-10-26 00:00:00

KATHMANDU, Oct 25 (AFP): Nepal's state-owned monopoly oil company today hiked prices as much as 22 per cent to meet a rising import bill in the landlocked Himalayan nation that depends on India for all supplies. "The price of petrol,...

Major Russian food stores agree to freeze prices

2007-10-26 00:00:00

MOSCOW, Oct 25 (AFP): Several major Russian food store chains agreed to freeze prices on basic foodstuffs like bread, milk and eggs, as the Russian government struggles to rein in inflation, the companies said in a joint statement yesterday. The...

S Africa face must-win game against Pakistan

2007-10-26 00:00:00

A pattern has begun to emerge in this engaging joust. Wickets look as if they'll leak runs except they don't. South Africa, setting or chasing targets, start well only to get bogged down in the face of Pakistan' twin spin...

Atapattu in line for swift comeback

2007-10-26 00:00:00

Marvan Atapattu is set to complete a remarkable return for Sri Lanka after an eight-month absence by playing against a Chairman's XI in Adelaide on Saturday. Atapattu initially ruled himself out of the Australia tour following selection disputes which have...

Nat’l cricketers leave for Hong Kong

2007-10-26 00:00:00

A seven-member Bangladesh cricket team, led by national skipper Mohammad Ashraful, left here for Hong Kong Thursday afternoon to take part in the two-day Hong Kong Cricket Sixes tourney that begins tomorrow (Saturday), reports UNB.Bangladesh, placed in Sobers Group of...

Uttara CF earn 125-run victory over Mondal Bari

2007-10-26 00:00:00

Uttara Cricket Foundation earned a comfortable 125-run victory over Mondal Bari Cricket Club in a qualifying round match of the Metropolis Third Division Cricket League at the Gulshan Youth Club ground Thursday, reports UNB.Batting first, Uttara CF scored 182 for...

Tokai Stadium, Tokai Mirpur move into final

2007-10-26 00:00:00

Tokai Stadium team and Tokai Mirpur team reached the final of the Orient Bread Tokai Kabaddi Tournament beating their respective rivals at the Outer Stadium Kabaddi court Thursday, reports UNB.The two teams will play the final today (Friday) at 3:30...

Ballseye

2007-10-26 00:00:00

Saiful KaiserToday, Friday, Pakistan and South Africa square off in what is a do-or-die game for the visitors. This fourth ODI at Multan will win the series for Pakistan if they are victorious. If South Africa wins they will not...

Bush's faith run over by history

2007-10-26 00:00:00

Mark DannerSurely one of the agonising attributes of our post-September 11 age is the unending need to reaffirm realities that have been proved, and proved again, but just as doggedly denied by those in power, forcing us to live trapped...

Cheney raises the rhetoric against Iran

2007-10-26 00:00:00

Jim LobeIn the harshest speech against Iran given by a top George W. Bush administration official to date, Vice President Dick Cheney Sunday warned the Islamic Republic of "serious consequences" if it did not freeze its nuclear programme and accused...

Plays of short duration at Goethe Institute

2007-10-26 00:00:00

FE Report Three plays of short duration will be staged at the auditorium of Goethe Institut, Dhanmondi in the city on October 28 at 7-00 pm each focusing on specific issue. The event will be organised with the cooperation of...

HIGHLIGHTS

2007-10-26 00:00:00

Boogie WoogieOn SONY SET Friday at 8-30 pmThe original dance show, only one of its kind, to hit Indian Television, Sansui Boogie Woogie, recently completed 10 glorious years. The dance show, that continues to rock the small screen with its...

AL will propose some recommendations to EC

2007-10-26 00:00:00

Awami League (AL) will propose some recommendations for holding a fair and acceptable election when the party meets the Election Commission (EC) on November 4 to discuss electoral reforms, reports UNB."We will place some realistic recommendations to the EC during...

Bangladesh strongly condemns PKK attacks on Turkish troops

2007-10-26 00:00:00

Bangladesh strongly condemned the attacks on Turkish troops by terrorists belonging to the Kurdistan Workers Party (PKK).Talking to journalists, Adviser for Foreign Affairs Iftekhar Ahmed Chowdhury observed, "Turkey has been demonstrating remarkable patience which could understandably run out if the...

Malaysian king for availing of training facilities

2007-10-26 00:00:00

Malaysian King Yang di-pertuan Agong XIII, Al-wathiqu Billah Tuanku Mizan Zainal Abidin ibni Al-Marhum Sultan Mahmud Al-Muktafi Billah Shah stressed that Bangladesh should avail of the training facilities offered by Malaysia under Malaysian Technical Cooperation Programme (MTCP). The Malaysian King...

Jamaat doubts polls on time, says no war criminals in country

2007-10-26 00:00:00

Jamaat-e-Islami said Thursday there was no anti-liberation force or war criminals in the country and doubted the polls would be held on time, reports bdnews24.com. "There is no war criminal in Bangladesh. Only 191 war criminals of the Pakistan Army...

DUTA's meeting today to review campus situation

2007-10-26 00:00:00

DU CorrespondentDhaka University Teachers' Association (DUTA) will hold a meeting today (Friday) to review the overall situation of the campus and make request to the government again to release its jailed teachers before resuming classes Sunday.The meeting of the association's...

Bangladesh-US joint air exercise begins

2007-10-26 00:00:00

A week-long joint air exercise of Bangladesh Air Force (BAF) and United States (US) Marine Force began at Kurmitola's BAF Base in the city Wednesday, reports UNB.The main objective of the 'Exercise Sumo Tiger-2007' is maintaining peace and stability in...

Foreign adviser meets President

2007-10-26 00:00:00

Adviser for Foreign Affairs Iftekhar Ahmed Chowdhury made a courtesy call on President Iajuddin Ahmed at Bangabhaban in the Thursday, reports UNB.The foreign adviser apprised the President of various issues relating to his ministries.The adviser also informed the President that...

Hannan vows to free Khaleda before Eid

2007-10-26 00:00:00

NAOGAON, Oct 25 (bdnews24.com): BNP chairperson Khaleda Zia's adviser ASM Hannan Shah said Thursday they would free the party chief from jail through legal course before Eid ul-Azha. His announcement may sound ambitious to many, but Hannan, a retired brigadier,...

Interest rates on bank deposits decline but lending rates static

2007-10-26 00:00:00

FE Report The country's banking sector experienced a declining trend in interest rates on deposits during the current month while the lending rates on banks credits remained almost unchanged. At least eight commercial banks have slashed their deposit rates while...

Titas Gas to offload 25pc shares by Dec

2007-10-26 00:00:00

FE ReportThe Titas Gas Transmission and Distribution Company Limited (TGTDCL) will float 21.55 million shares worth Tk 2.16 billion through stock market by December this year, sources said.The TGTDCL, a subsidiary of the state-owned oil, gas and mineral corporation Petrobangla,...

Govt eyes private sector experts to help tax policy unit

2007-10-26 00:00:00

Shakhawat Hossain The government may go for outsourcing for experts from the private sector to run the proposed tax policy unit (TPU) aiming to achieve 0.4 per cent revenue growth proportionate to that of the annual gross domestic product (GDP),...