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Police grill Israel PM again in corruption probe

2007-10-12 00:00:00

JERUSALEM, Oct 11 (AFP): Fraud squad officers were to grill Israeli Prime Minister Ehud Olmert for a second time Thursday over his alleged abuse of influence in the privatisation of one of the country's leading banks. Investigators arrived at Olmert's...

Japanese student kidnapped in Iran

2007-10-12 00:00:00

TOKYO, Oct 11 (AFP): A 23-year-old Japanese male university student was kidnapped as he travelled alone in southeastern Iran, the foreign ministry said Thursday. The student was taken captive Monday, said a foreign ministry official, who declined to say who...

US Marines propose moving force from Iraq to Afghanistan

2007-10-12 00:00:00

WASHINGTON, Oct 11 (AFP) : The US Marine Corps wants to withdraw its entire force from Iraq to focus its combat efforts on Afghanistan, the New York Times reported Thursday citing senior military and Pentagon officials. The proposal made last...

Malaysians over the moon at its first astronaut

2007-10-12 00:00:00

KUALA LUMPUR, Oct 11 (AFP): Malaysia celebrated Thursday as its first astronaut hurtled through space on board a Russian Soyuz rocket, in a landmark for the nation which is marking 50 years of independence. "It's a small step for me,...

Nobel laureate praises Chavez's plan for South American bank

2007-10-12 00:00:00

CARACAS, OCT 11 (AP): Nobel Prize-winning economist Joseph Stiglitz said Wednesday that Venezuelan President Hugo Chavez's plan to create a regional lending bank will be beneficial for South America.The former World Bank economist said the Bank of the South, due...

news digest

2007-10-12 00:00:00

Iranian training plane crashes on highway, pilot, passenger killed TEHRAN, OCT 11 (AP): An Iranian training plane crashed Thursday on a highway in Tehran Thursday, killing the pilot and a passenger, state television reported. The plane crashed in the morning...

‘Land swap could be element of peace deal’

2007-10-12 00:00:00

ABU DIS, West Bank, OCT 11 (UNB): The Palestinians are ready to yield parts of the West Bank to Israel if compensated with an equal amount of Israeli territory, according to the lead Palestinian negotiator, a policy that could bring...

Married Thais account for 40 pc of new HIV infections

2007-10-12 00:00:00

BANGKOK, Oct 11 (AFP): Married people accounted for more than 40 per cent of all new cases of HIV/AIDS in Thailand last year, the country's health ministry said Thursday, despite an overall decrease in infections. About 7,000 married people reported...

Prices of essentials stable, some items high in city markets

2007-10-12 00:00:00

The retail prices of the most of essentials including rice and vegetables have remained almost stable in the city markets while prices of some items such as onion, green chilli, cucumber and Hilsha fish have slightly increased.A market report of...

Delta Life Ins, Apex Adelchi Footwear sign agreement

2007-10-12 00:00:00

FE ReportDelta Life Insurance Company Ltd and Apex Adelchi Footwear Ltd entered into a "group life Insurance agreement in the city recently. Managing Director of Delta Life Insurance Company Ltd Das Deba Prashad and Managing Director of Apex Adelchi Footwear...

US stocks move toward higher open

2007-10-12 00:00:00

NEW YORK, Oct 11 (AP): Futures signaled a higher opening on Wall Street Thursday after stocks in Asia rose sharply and as US investors appeared ready to buy after a pullback in blue chip stocks Wednesday.Investors were also awaiting corporate...

Sayeed joins BWDB as addl director general

2007-10-12 00:00:00

FE ReportAKM Sayeed Uddin joined the Bangladesh Water Development Board (BWDB) on September 30 as additional director general.Before joining the BWDB as the ADG, Sayeed was holding the position of chief engineer, south-eastern zone of the BWDB, Chittagong. He joined...

European stocks increase, led by BHP Billiton

2007-10-12 00:00:00

LONDON, Oct 11 (Bloomberg): European stocks gained for a third day, led by mining and energy stocks, following a rally in copper and oil prices. BHP Billiton Ltd., the world's biggest mining company, and BG Group Plc, the largest British...

EXIM Bank holds audit committee meeting

2007-10-12 00:00:00

FE ReportThe 26th meeting of the audit committee of Export Import (EXIM) Bank of Bangladesh Limited was held at its head office in the city recently.Chairman of the board of audit committee of the bank AKM Nurul Fazal Bulbul presided...

Janata Bank to disburse Tk 83.3m among B'baria farmers

2007-10-12 00:00:00

Our CorrespondentBRAHMANBARIA, October 11: Janata Bank (JB) will disburse loans worth TK 83.3 million (TK 8.33 crore) among farmers in the district through its twenty branches during the current financial year (2007-2008), sources said.The loans will be given for crops...

Paris shares rise, buoyed by positive corporate news flow

2007-10-12 00:00:00

PARIS, Oct 11 (Newstex): Share prices were higher at midday as a raft of positive news buoyed individual stocks and lifted sentiment throughout the market.At 1.35 pm, the CAC-40 index was up 37.0 points or 0.64 pct at 5,875.57. On...

Duty-free, quota-free access of LDCs’ products urged

2007-10-12 00:00:00

Ambassador and Permanent Representative of Bangladesh to the United Nations Ismat Jahan urged the International community to provide duty- free and quota-free market access for all products from all Least Developed Countries (LDCs) without any restrictions, reports BSS.Ismat Jahan made...

Pubali Bank holds workshop on 'internal control, compliance'

2007-10-12 00:00:00

FE ReportPubali Bank Ltd (PBL) held a workshop for the bank officers on 'internal control and compliance' at its head office in the city recently.PBL Managing Director Helal Ahmed Chowdhury was present in the workshop as the chief guest.The managing...

Bombay Sweets, ICE Tech sign MoU to implement IFS ERP applications

2007-10-12 00:00:00

FE Report Bombay Sweets and Company Limited recently signed a memorandum of understanding (MoU) with ICE Technologies to implement IFS ERP applications for automating its entire value chain. Bombay Sweets Managing Director Kamaluddin Abdul Aziz and ICE Technologies Chief Executive...

Govt borrows Tk 9.00 billion thru' treasury bills

2007-10-12 00:00:00

FE ReportThe government borrowed Tk 9.00 billion (900 crore) Thursday through auctions of treasury bills. It will result in withdrawal of Tk 8.15 billion from the market in the week.The central bank conducted auctions of 28-day, 91-day, 182-day and 364-day...

Standard Chartered Bank

2007-10-12 00:00:00

The US dollar/BDT market was active. USD remained weak against BDT throughout the week. Demand for dollar was stable in the local market and USD showed downward movement.Money marketOvernight money market tightened a little during the week. The call money...

Eid special offer at Westin Dhaka

2007-10-12 00:00:00

FE ReportThe Westin Dhaka has extended the Eid celebration offer for Bangladeshis at US$99 per night each room.The offer began Thursday and will be continued until October 19, 2007, said a press release.The guests will have the opportunity to restore...

Neaz reappointed SEBL MD

2007-10-12 00:00:00

FE ReportSoutheast Bank Limited (SEBL) re-appointed Neaz Ahmed as managing director (MD) of the bank for another three years with effect from October 21.The bank expressed its satisfaction at the overall growth and qualitative improvements over the last three years...

Private banks looking for new ways to attract clientele worlds

2007-10-12 00:00:00

GENEVA, Oct 11 (Reuters): As the world's wealth pumps into the pockets of a new generation of heirs and entrepreneurs, private banks are looking for new ways to attract a clientele worlds away from the stuffy image of wealth management."Younger...

'Globalisation must be inclusive, sustainable to help combat crushing poverty '

2007-10-12 00:00:00

WASHINGTON, Oct 11 (AFP): World Bank president Robert Zoellick has said that globalisation must be "inclusive and sustainable" if it is to help combat crushing poverty around the world. In a speech at the National Press Club, marking his first...

Chrysler reaches landmark deal with striking US workers

2007-10-12 00:00:00

DETROIT, Michigan, Oct 11 (AFP): A strike at Chrysler LLC's US plants was called off after less than seven hours when the automaker reached a deal with its main union on a landmark contract aimed at helping the automaker better...

S Korea keeps key interest rate unchanged

2007-10-12 00:00:00

SEOUL, Oct 11 (AFP): South Korea's central bank today kept its key interest rate unchanged for a second month to shore up the economy following recent turbulence in world financial markets. The October target for the call rate, the interest...

Moody's upgrades Japan's debt rating

2007-10-12 00:00:00

TOKYO, Oct 11 (AFP): Moody's upgraded Japan's domestic debt rating today on expectations that the world's second largest economy will continue to recover and the new government will pursue fiscal reforms. Moody's Investors Service raised its rating from A2 to...

Oil prices gain in edgy Asian trade

2007-10-12 00:00:00

SINGAPORE, Oct 11 (AFP): World oil prices rose in Asian trade today in an edgy market that dealers say remains well supported by concerns over tight supplies. The US Department of Energy (DoE) was to issue its latest weekly report...

Price changes of major commodities, energy in Beijing

2007-10-12 00:00:00

BEIJING Oct. 11 (Xinhua): Key energy prices registered a slight rise in September, while steel price continued to rise and nonferrous metal prices showed small fluctuations, disclosed the State Development and Reform Commission in its latest issue of "Major Commodity...