Mohamed El-Erian AFTER this summer's turmoil, markets have entered a tentative healing phase helped by significant injection of central bank liquidity and a cut in US interest rates. The inter-bank market is normalising, credit costs are falling and share prices...
WASHINGTON, Oct 16 (AFP): Global finance chiefs gather this week with the impact of US housing and credit woes spreading worldwide, exchange rate tensions rising and new agendas being carved out at the IMF and World Bank. Meetings of the...
RIO DE JANEIRO, Oct 16 (AFP): Venezuela's leftist government is leading Brazil, Argentina and other regional economies in creating a new bank with the ambition of casting off unwelcome oversight by the IMF and World Bank. The idea was first...
GENEVA, Oct 16 (AFP): The United States said yesterday it was "very disappointed" with a ruling by the World Trade Organisation (WTO) ruling that its subsidies to cotton farmers breached global trade rules. The finding confirms a preliminary ruling in...
PARIS, Oct 16 (AFP): The increasing clout of state-run investment funds is causing concern in European countries, where policymakers are anxious to protect industry and strategic assets from foreign takeovers. According to a study by Morgan Stanley, these so-called sovereign...
SINGAPORE, Oct 16 (AFP): Crude oil prices surged to fresh records above 86 dollars per barrel in Asia today amid fears of supply disruption due to rising tension between Turkey and Kurdish rebels in neighbouring Iraq. In afternoon trade New...
LONDON, Oct 16 (PTI): Gold prices yesterday surged to a 28-year-high on brisk buying by funds and retailers, triggered by firming dollar and rising crude prices that has forced investors to bet on precious metal as a safe haven. Gold...
BEIJING, Oct 16 (Xinhua): China's export of steel products is predicted to slow down its growth, but the export quantity will continue increasing, said industry experts. The experts listed four major factors that have restricted the impulse of enterprises in...
LONDON, Oct 16 (AFP): The prices of platinum and lead struck all-time highs this week owing to tight global supplies of the metals. PRECIOUS METALS: The price of platinum forged a record high Thursday as the white metal was hit...
FE ReportSummit Uttaranchol Power Co Ltd and Summit Purbanchol Power Co Ltd, the subsidiaries of Summit Power Limited, signed power purchase agreements (PPAs), implementation agreements (IAs), gas supply agreements (GSAs) and land lease agreements (LLAs) with Power Cell, Bangladesh Power...
FE ReportThe Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared the net asset values (NAV) of its two unit funds.The total NAV of ICB AMCL Pension Holders' Unit Fund stood at Tk 55,305,822.28...
Our CorrespondentSIRAJGANJ, Oct 16: Abnormal price hike of white paper is causing sufferings to the poor guardians of students in the northern districts, sources said.While contacting different paper traders in Sirajganj, it was observed that price of white paper soared...
FE Report Eusebio Sporting (Bangladesh) Company Limited, a Taiwan company, will expand its project in Karnaphuli Export Processing Zone (EPZ).In this connection, an agreement was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Eusebio Sporting (Bangladesh) Company Limited at...
FE Report Grameenphone (GP) Limited has recently signed an agreement with Sadakalo to provide complete communication facilities under the GP Business Solutions package.Managing Partner of Sadakalo Tahsina Shahin and GP Group Manager (Dhaka region) Azizul Abedin signed the agreement on...
Agnes Liew, head of Network Relationship Banking in Citigroup Asia Pacific Region, arrived in the city Tuesday for a two-day visit. During her visit, Agnes will meet regulators, major clients of the Bank and review Citibank's growth opportunities in the...
GAIBANDHA, Oct 16 (BSS): Rangpur Sugar Mills Ltd. (RSML) conducted a publicity campaign to make the sugarcane farmers in the mill zone aware to take proper care of their sugarcane that were flattened to the ground by a storm.A sudden...
FE Report ICAB President M Farhad Hussain has been elected a board member of the Confederation of Asia and Pacific Accountants (CAPA) for the period from October 2007 to September 2011.CAPA members elected him the board member of the confederation...
FE ReportDhaka Stock Exchange (DSE) has approved the listing of Paramount Insurance Company Ltd.The listing sub-committee of the bourse in a meeting Tuesday gave the approval which would be finalised by the DSE board in a meeting scheduled on October...
Asian Development Bank (ADB) Vice President (VP) Liqun Jin Friday said despite some repercussions on growth, the crackdown on corruption has a far-reaching significance for Bangladesh economy, reports UNB."I think the caretaker government trying to build up the governance framework...
Our CorrespondentSIRAJGANJ, Oct 16: The traditional bell-metal industry of the three northern districts -- Sirajganj, Pabna and Bogra -- has been gradually perishing over the last four decades due to various reasons. It is on the verge of extinction, sources...
WASHINGTON, Oct 16 (Reuters): Major banks including Citigroup are looking at setting up a roughly $80 billion fund to buy ailing mortgage securities and other assets, in a bid to prevent the credit crunch from further hurting the global economy,...
SINGAPORE, Oct 16 (Newstex): Stock markets across Asia fell Tuesday, tracking Wall Street's decline on renewed concerns about the crisis in credit markets and worries that record oil prices will dampen consumer spending in an already slowing economy.The Chinese market...
GUANGZHOU, China, Oct 16 (AP): China kicked off the Canton Fair - the country's biggest trade show - this week amid lingering concerns about a series of embarrassing product recalls that have raised questions about the "Made in China" label.The...
Shares in Ericsson have tumbled more than 25 per cent after the Swedish firm issued a shock profit warning. The world's biggest mobile network maker said third-quarter sales, operating income and cash flow would fall way short of expectations, reports...
Professor MA Hadi, former vice chancellor of Bangabandhu Sheikh Mujib Medical University and ex-president of pro-BNP Doctors' Association of Bangladesh (DAB) died at 6:30am Tuesday due to brain hemorrhage.
ISLAMABAD, Oct 11 (AFP): Former Pakistani premier Benazir Bhutto will return from exile as planned next week, despite a call by President Pervez Musharraf for her to delay her homecoming, her party said Thursday. Musharraf said in an interview Wednesday...
BAGHDAD, Oct 11 (AP): The United Nations urged US authorities Thursday to hold private security firms accountable for unjustified killings of Iraqi civilians and warned against increasing reliance on the heavily armed guards. The UN Assistance Mission to Iraq also...
YANGON, OCT 11 (AP): Myanmar's ruling military lashed out at Western powers and foreign media Thursday for fomenting recent protests that were put down in a brutal crackdown with thousands of people detained.The state-owned New Light of Myanmar newspaper described...
WASHINGTON, Oct 11 (AFP): US President George W. Bush's administration tortures detainees in defiance of international law, former US president Jimmy Carter charged Wednesday. "I don't think it, I know it, certainly," Carter told CNN television when asked if he...
CHICAGO, Oct 11 (AFP): A widely prescribed chemotherapy drug does not work for many of the women with breast cancer for whom it is prescribed, according to a study. The drug Taxol is typically given to women with stage II...
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