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Costco profit rises, Sept sales beat expectations

2007-10-12 00:00:00

NEW YORK, Oct 11 (Reuters): Costco Wholesale Corp reported a nearly 5 per cent increase in quarterly profit Wednesday, and the no 1 US warehouse club operator said September sales at stores open at least a year rose a better-than-expected...

Biofuel plans to hit water supplies in China, India

2007-10-12 00:00:00

COLOMBO, Oct 11 (AFP): The ambitious plans of India and China to ramp up biofuel production will deplete their water reserves and seriously impact their ability to meet food demands, a new study said today. China and India, expected to...

European importers cautiously welcome textile pact with China

2007-10-12 00:00:00

BRUSSELS, Oct 11 (Xinhua): European importers yesterday expressed cautious welcome to the new textile agreement between the European Union (EU) and China, which replaces import quotas with joint monitoring of trade flow in 2008. "We welcome the fact that quotas...

Yen declines after BoJ holds rates steady

2007-10-12 00:00:00

TOKYO, Oct 11 (AFP): The yen lost ground against other major currencies in Asian trade today after the Bank of Japan left its key interest rate unchanged, encouraging players to buy higher yielding currencies, dealers said. They said the euro...

ADB to aid clean-up of China's Songhua river

2007-10-12 00:00:00

MANILA, Oct 11 (AFP): The Asian Development Bank will aid China's clean up of the Songhua river basin, where a blast in a chemical plant killed eight people and spilled toxic chemicals into the water two years ago, the Manila-based...

Potatoes likely to join rice as staple diet for Chinese

2007-10-12 00:00:00

BEIJING, Oct 11 (AFP): Potatoes may soon join rice as a staple diet for China's 1.3 billion people as the nation searches for alternative crops to deal with a sharp decline in farmland, state press reported today. China is facing...

Credit crunch taking toll on US economy: Greenspan

2007-10-12 00:00:00

NEW YORK, Oct 11 (Reuters): The credit crunch that has troubled financial markets in recent months will eventually take its toll on the US economy, former Federal Reserve Chairman Alan Greenspan said Wednesday.Greenspan said house prices would almost certainly fall...

Bangladesh stock market lures investors hungry for next Vietnam

2007-10-12 00:00:00

Pooja ThakurYawer Sayeed returned to his native Bangladesh from Australia to set up a money-management company in 1999. After eight lean years his business is booming. A military-backed government in place since January has lured investors by pledging to sell...

Treasuries fuelled by petrodollars from Mideast funds

2007-10-12 00:00:00

Daniel KrugerThe biggest quarterly rally for U.S. government securities in five years is getting an extraordinary boost from the burgeoning reinvestment of petrodollars by the Organization of Petroleum Exporting Countries. OPEC members increased their holdings of Treasuries 12 percent this...

High court won't hear rendition, torture case

2007-10-12 00:00:00

Jim Lobe In a major rebuff to human rights and government accountability activists, the U.S. Supreme Court Tuesday declined to take up the case of a German citizen who was allegedly abducted, detained and tortured by the Central Intelligence Agency...

EU plans market reforms to avert crisis

2007-10-12 00:00:00

Tony Barber from Luxembourg, Guido Bohsem from Berlin and Mark Schieritz from FrankfurtEUROPEAN nations are to draw up radical proposals to improve transparency in financial markets and to change the way credit rating agencies operate in an attempt to prevent...

Eid's happiness to be also for the poor

2007-10-12 00:00:00

MUSLIMS in this country will be celebrating the joyo us occasion of the holy Eid-ul-Fitr on Saturday or Sunday next, depending on the sighting of the moon. Traditionally, wearing of good clothes, eating sumptuously and engaging in fun and frolics,...

Remittance and community development

2007-10-12 00:00:00

Hasan MahmudTHE dominant economic discourse posits that international migration undermines the prospect for economic growth at both the national and community levels. Such a view is attained through micro-level case studies of remittances earning and spending patterns in various labour...

China's country folk try co-operative cure

2007-10-12 00:00:00

Mure Dickie After Song Xuefang began suffering from vomiting and pains that left her hardly able to walk, she and her husband pulled out their savings and sold their 30 sheep to pay for treatment.It was not enough. Doctors in...

Saving Dhaka's wetlands

2007-10-12 00:00:00

A wise coexistence of man and nature was visible at the initial days of development of Dhaka. Until 1950, development of the city took place on the higher terrain and the encompassing rivers, networks of canals and the wetlands were...

Importance of proper migration

2007-10-12 00:00:00

THE urban population has recorded remarkable increase globally. A report of the United Nations shows that majority of the world's six billion people are now living in urban centres. It predicts that population of urban areas will double and reach...

Elaborate programme taken for celebration of Eid-ul-Fitr

2007-10-12 00:00:00

All steps have been taken for celebration of the holy Eid-ul-Fitr with due religious festivity, reports UNB.An inter-ministerial meeting held at Religious Affairs Ministry with Adviser ASM Matiur Rahman in the chair has reviewed the measures. In the capital, the...

Commuters suffer as PABC road in bad shape in S Ctg

2007-10-12 00:00:00

CHITTAGONG, Oct 11 (BSS): Over four million people of southern Chittagong have been suffering from untold miseries in their journeys to and from the port city through Patiya- Anowara- Banshkhali- Chakaria (PABC) route due to bad shape of these roads.Their...

Fourteen killed in separate incidents

2007-10-12 00:00:00

Fourteen persons were killed and many others injured in separate incidents in different places of the country during the last two days, report agencies.In Chandpur, three people were killed and 30 others injured when a bus overturned at Mokimabad crossing...

BRAC School of Public Health becomes APACPH member

2007-10-12 00:00:00

FE ReportThe BRAC University James P Grant School of Public Health has been accorded full membership of the prestigious Asia-Pacific Academic Consortium for Public Health (APACPH), said a press release. President of the APACPH, Richard Southby, recently conveyed this message...

Naval chief leaves for USA Sunday to attend Sea Power of Symposium

2007-10-12 00:00:00

Chief of Naval Staff Vice Admiral Sarwar Jahan Nizam will leave city Sunday to attend the four-day 18th International Sea Power Symposium to be held in the USA on October 16 to19, reports UNB.Naval chiefs, naval representatives, naval experts and...

Stolen statue of Buddha recovered in Cox's Bazar

2007-10-12 00:00:00

COX'S BAZAR, Oct 11 (UNB): The police recovered the stolen statue of century old brass-made statue of Buddha and also arrested a man from Putibila village in Moheskhali Upazila Wednesday.Acting on a tip off, joint forces arrested Russell from his...

Seeds, fertilisers distributed among Jamalpur farmers

2007-10-12 00:00:00

JAMALPUR Oct 11 (BSS): Department of Agriculture Extension (DAE) under the post-flood rehabilitation programme distributed seeds and fertilisers among 620 farmers in Sadar Upazila. DAE sources said 180 farmers have received one kg seeds of different kinds of vegetables and...

BAU admission forms available from Oct 31

2007-10-12 00:00:00

Admission forms for level-1 and semester-1 under session-2008 of Bangladesh Agriculture University (BAU) in Mymensingh will be available from October 31, reports UNB.The admission seekers have been advised to collect the forms and prospectus from Pubali Bank branches at BAU...

Seeds, fertilisers distributed among Jamalpur farmers

2007-10-12 00:00:00

JAMALPUR Oct 11 (BSS): Department of Agriculture Extension (DAE) under the post-flood rehabilitation programme distributed seeds and fertilisers among 620 farmers in Sadar Upazila. DAE sources said 180 farmers have received one kg seeds of different kinds of vegetables and...

875 bottles of Phensidyl seized

2007-10-12 00:00:00

BARISAL, Oct 11 (BSS)The police arrested two drug-traders and seized 875 bottles of Phensidyl from their possession at city's Kazipara Refugee Colony Tuesday night.

EC mulls to enrol expatriates living in UK as voters

2007-10-12 00:00:00

The Election Commission (EC) is giving priority to the UK expatriates in enrolling them in the voters' list since there are some advantages for them as per the country's citizenship law."The law ensures the voting right of the dual citizens,...

Dhaka-Tokyo bilateral ties to grow: Hopes Japanese FM

2007-10-12 00:00:00

New Japanese Foreign Minister (FM) Masahiko Komura has expressed the hope that mutual cooperation between Bangladesh and Japan would be expanding both on bilateral issues and in international arena.Komura expressed the hope in a letter to Foreign Affairs Adviser Dr...

Ex-BNP lawmaker Shafi Chy acquitted of misappropriation

2007-10-12 00:00:00

SYLHET, Oct 11 (UNB): Central BNP leader and former lawmaker Shafi Ahmed Chowdhury was acquitted by a court here Thursday in a relief goods embezzlement case.Speedy Trial Court Judge Devjit Singh also acquitted Shafi Chowdhury's caretaker Selim Ahmed in the...

Bangladesh for strengthening peace through disarmament, non-proliferation of weapons

2007-10-12 00:00:00

NEW YORK, Oct 11 (UNB): Bangladesh has called for greater cooperation of the world community in strengthening the peace and security of the world through disarmament and non-proliferation of weapons of mass destruction.Bangladesh Permanent Representative to the United Nations (UN)...