STRASBOURG, France, Nov 16 (AFP): As the world's major economic powers sought ways to reverse a looming global recession, African leaders urged them not to forget their impoverished continent as it battles the crisis. "Africa and other developing regions of...
HANOI, Nov 16 (AFP): Vietnam, like much of the world, is trying to stimulate its economy amid the global downturn, but it is in a quandary because it must also keep rampant inflation from flaring up again, say experts. With...
WASHINGTON, Nov 16 (Reuters): Saudi Arabia has no plans to offer extra funds to the International Monetary Fund (IMF), Finance Minister Ibrahim al-Assaf said Saturday, quashing speculation it would offer cash to help the IMF battle the global financial crisis."There...
WASHINGTON, Nov 16 (Xinhua): Brazilian President Luiz Inacio Lula da Silva yesterday urged the developed countries to resolve their own problems, saying this is the best solution to preventing the current financial crisis from spreading. "The best solution for the...
LIMA, Nov 16 (AFP): The crisis plunging the world into a recession is to dominate an Asia-Pacific Economic Cooperation (APEC) summit in Peru next weekend, along with efforts to firm up an international response to the turbulence. The November 21-23...
WASHINGTON, Nov 16 (AFP): The White House yesterday firmly rejected pumping more aid into struggling US automakers out of the 700-billion dollars earmarked for an economic bailout plan earlier in this year. "We want to see legislation passed at this...
WASHINGTON, Nov 16 (PTI): The World Bank has said it will give a loan of USD 100 billion this year to developing nations and India can draw an additional USD three billion annually for three years. Disclosing this, Planning Commission...
Our CorrespondentCHITTAGONG, Nov 16: Prices of iron products did not register any significant fall in the markets of the district despite decline of iron price in both international and local markets. There is no scarcity of the raw materials for...
Our CorrespondentJOYPURHAT, Nov 16: Aman and Boro production target this year may fail in Joypurhat due to various problems. Department of Agriculture Extension (DAE) sources said Aman has been cultivated in 73 thousand 8 hundred and 85 hectares of land...
Commercial Bank of Ceylon (CBC) has relocated its corporate branch and head office to Hadi Mansion, 2 Dilkusha in the city Sunday, says a press release. CBC Managing Director AL Gooneratne inaugurated the new premises where Sri Lankan High Commissioner...
M Azizur RahmanThe delay in launching offshore bidding and subsequently awarding the prospective oil and gas blocks for exploration has prompted the neighbours to encroach on the country's sea territory over the past several years, said officials.Bangladesh had initiated the...
Our CorrespondentCHITTAGONG, Nov 16: A good number of vessels arriving at Chittagong Port are being compelled to go elsewhere for docking and repairing purposes as there is no adequate dry dock here. The country is therefore being deprived of earning...
FE ReportThe state-owned national flag carrier, Bangladesh Shipping Corporation (BSC), earned Tk 2.34 billion (Tk 233.57 crore) during the fiscal year 2007-08.According to sources in the Ministry of Shipping, the national shipping service providing corporation during the fiscal 2006-07, earned...
Pubali Bank Ltd Managing Director Helal Ahmed Chowdhury said the bank has fixed very low interest rate against loans, which appears to be the lowest in this competitive market position. He was speaking as the chief guest of a workshop...
Rahimafrooz Superstores Limited, the operator of chain superstores Agora, has signed a memorandum of understanding (MoU) with Omni Farms, a leading vegetable, fruit and flower farming company of the country, to get supply of high-quality and fresh vegetables.Managing Director of...
FE Report The inter-bank call money rate remained unchanged Sunday despite withdrawal of cash from the market through treasury bills. The US dollar, however, gained against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to buying pressure, fund...
Our CorrespondentCHITTAGONG, Nov 16: Business and industrial circle of Chittagong are now under the grip of much enthusiasm centering the upcoming election of Chittagong Chamber of Commerce and Industry (CCCI).Election of the apex trade body of the division is scheduled...
Singer Plus launched two special campaigns Sunday on the occasion of Eid-ul Azha, says a press release. Under the campaigns titled "Full Free Eid Offer" and "Buy Samsung with Easy Installment", the customers will get benefits in purchase of Singer,...
FE ReportThe government borrowed Tk 5.00 billion (500 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 5.00 billion from the market in the week.The central bank conducted auctions of 91-day and 364-day bills on...
Bangladesh Krishi Bank held a conference for its branch managers and field officers of Narayanganj region at Narayanganj club auditorium recently, says a press release. Managing Director of the bank Md Mukter Hussain spoke as the chief guest while Chief...
DividendsKohinoor Chemicals: The board of directors of Kohinoor Chemicals has recommended 30 per cent cash dividend for the year 2007-2008. The annual general meeting (AGM) of the company will be held at the Bangladesh-China Friendship Conference Centre, Sher-E-Bangla Nagar, in...
LOS ANGELES, Nov 16 (Xinhua): California Governor Arnold Schwarzenegger declared a state of emergency in Los Angeles County on Saturday following the loss of at least 165 homes by a raging wildfire fire. The brush fire, drive gusts that reached...
SRINAGAR, India, Nov 16 (AFP): Revolt-hit Indian Kashmir begins voting in state elections Monday amid appeals for a poll boycott by separatists who have spearheaded a wave of massive pro-freedom protests. Both rebels and separatist politicians argue elections only strengthen...
CAIRO, Nov 16 (AP): Despising America has long been a Middle East pastime, but then the country that brought war to Iraq and orange-suited prisoners to Guantanamo Bay elected a Facebook-friendly president who speaks in poems. What's a mullah to...
JOMBA, Congo, Nov 16 (AP): The UN's special envoy on Congo met the Central African country's main rebel leader for the first time Sunday in a bid to end the crisis, as the UN reported more heavy fighting elsewhere in...
COLOMBO, Nov 16 (AP): Sri Lanka's air force pounded the Tamil Tiger rebels' main northern defence line Sunday, a day after government forces dismantled the last rebel stronghold on the island's west coast, the military said.Fighter jets bombed the Tamil...
BAGHDAD, Nov (AP): Iraq's Cabinet on Sunday approved a security pact with the United States (US) that will allow American forces to stay in Iraq for three years after their UN mandate expires at the end of the year, the...
US, Pakistan have tacit accord on Predator strikesWASHINGTON, Nov 16: The United States (US) and Pakistani governments have reached a tacit agreement on Predator strikes on Pakistani territory, under which Islamabad allows them while continuing to complain about them and...
Chief Justice (CJ) MM Ruhul Amin Sunday administered the oath to six newly appointed additional judges of the High Court (HC) division of the Supreme Court (SC), reports BSS.The oath taking ceremony was held at the SC Judges’ lounge. Judges...
Foreign Adviser Iftekhar Ahmed Chowdhury said Sunday that representative of the 50 Least Developed Countries (LDCs) of the world should also have a seat in future global economic summits, reports UNB."There is a huge chunk of people from LDCs, who...
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