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Eurozone reports trade surplus in July

2007-09-19 00:00:00

BRUSSELS, Sept 18 (Xinhua): The 13-nation Eurozone registered a trade surplus of 4.6 billion euros (6.3 billion US dollars) in July, as compared with 1.1 billion euros a year ago, Eurostat, the EU's statistics office, said yesterday. But the 27-member...

Indians need not cross seven seas looking for a dream job in US

2007-09-19 00:00:00

NEW DELHI, Sept 18 (PTI): Indians looking for a dream job in the United States need not go all the way across the seven seas as nine out of the top ten American companies to launch a career are present...

China's information industry has 50m employees

2007-09-19 00:00:00

TIANJIN, Sept 18 (CEIS): China's information industry has employed more than 50 million people including 7.55 million working in sizeable enterprises. According to Ding Wenwu, an official with the ministry, the industry has become a key channel to ease employment...

Vietnam's GDP to post higher economic growth in '07-08

2007-09-19 00:00:00

HANOI, Sept 18 (Xinhua): The Asian Development Bank forecast Vietnam will gain gross domestic product (GDP) growth of 8.3 per cent this year and 8.5 per cent next year, local newspaper Vietnam Economic Times reported today. In its major semi-annual...

IMF board to choose new chief next week

2007-09-19 00:00:00

WASHINGTON, Sept 18 (AFP): The International Monetary Fund's executive board will choose a new managing director next week to succeed Rodrigo Rato, according to people close to the situation. This IMF board this week is interviewing Frenchman Dominique Strauss-Kahn, the...

Malaysian mfg sales down 2.2pc in July

2007-09-19 00:00:00

KUALA LUMPUR, Sept 18 (AFP): Malaysia's manufacturing sales, a key component of the economy, fell 2.2 per cent from a year earlier to 45.21 billion ringgit (13 billion dollars) in July, the government said today. Lee Heng Guie, chief economist...

World oil price tops $81

2007-09-19 00:00:00

SINGAPORE, Sept 18 (AFP): Oil prices topped 81 dollars a barrel for the first time today, setting another record high amid fears of critically tight supplies for the winter season in the United States. OPEC's announcement last week that it...

Coke plans 20 new launches in India next three years

2007-09-19 00:00:00

NEW DELHI, Sep 18 (PTI): Aiming to become a total beverages solutions company in India, global soft drinks major Coca Cola is planning to launch as many as 20 new products, including flavoured tea 'Enviga' and energy drinks in three...

Dollar steady as markets await Fed

2007-09-19 00:00:00

TOKYO, Sept 18 (AFP): The dollar was stable in Asian trade on today as markets waited anxiously for a widely expected US interest rate cut to cushion the world's largest economy from its housing slump, dealers said. They said the...

China becomes largest shipbuilder

2007-09-19 00:00:00

BEIJING, Sept 18 (CEIS): China's new shipbuilding orders grew by 165 per cent year on year in the first half of 2007 surpassing that of the Republic of Korea (ROK) to rank first in the world, a report from China...

En route to better food safety

2007-09-19 00:00:00

BEIJING, Sept 18 (CEIS): China, recently in the media spotlight for food safety issues, was put well on track to better food safety, as the country went all out to ensure safety of its food products and restore consumer confidence...

POSCO to start work on giant Indian steel plant

2007-09-19 00:00:00

BHUBANESWAR, India, Sept 18 (AFP): The protests have been loud and sometimes violent, but giant South Korean steelmaker POSCO is confident opposition will fade when work begins on its massive Indian plant next month. After a lengthy stand-off with aggrieved...

Musharraf to quit army post after election: lawyer

2007-09-19 00:00:00

ISLAMABAD, Sept 18 (AFP): Pakistani military ruler Pervez Musharraf will resign as army chief after securing a second term as president, his chief lawyer told the Supreme Court here Tuesday. The lawyer, a long-term aide to Musharraf, said the president...

Nepal Maoists quit government

2007-09-19 00:00:00

KATHMANDU, Sept 18 (AFP): Nepal's Maoists announced Tuesday they had quit the coalition government after other parties refused to bow to the ex-rebels' demand for for the monarchy to be immediately abolished. "We have pulled out from the government this...

Military intervention in Iran would have ‘catastrophic’ consequences: Moscow

2007-09-19 00:00:00

MOSCOW, Sept 18 (AFP): Any US military intervention in Iran would be a "political error" that would have "catastrophic" consequences, Russian deputy foreign minister Alexander Losyukov said in an interview published Tuesday. "Generally speaking, bombings of Iran would be a...

Seven killed in attack at Baghdad morgue

2007-09-19 00:00:00

BAGHDAD, Sept 18 (AFP): even people were killed when rebels blew up a car bomb and fired a mortar on Tuesday in the car park of Baghdad's main morgue as it was crowded with people searching for relatives, officials said....

Powerful typhoon heads for China's financial hub

2007-09-19 00:00:00

SHANGHAI, Sept 18 (Reuters): A powerful typhoon targeted China's booming eastern province of Zhejiang and financial hub Shanghai on Tuesday, prompting the evacuation of tens of thousands of people as ships and boats were called back to port. Typhoon Wipha...

Indian troops kill nine rebels in Kashmir

2007-09-19 00:00:00

SRINAGAR, Sept 18 (AFP):Indian troops have killed nine militants in Kashmir, three of them as they tried to sneak across the heavily-militarised border with Pakistan, the army and police said Tuesday. Indian army spokesman Lieutenant Colonel Anil Mathur told AFP...

Majority back Fukuda as next premier: poll

2007-09-19 00:00:00

TOKYO, Sept 18 (AFP): A majority of people support Japan's ruling party veteran Yasuo Fukuda to be the nation's next prime minister, a poll showed on Tuesday. Fukuda, 71, is running against former foreign minister Taro Aso, 66, in next...

NKorea denies nuclear links with Syria

2007-09-19 00:00:00

SEOUL, Sept 18 (AFP) : North Korea's foreign ministry Tuesday denied allegations that the communist country may be helping Syria develop a nuclear weapons facility. "Recently some US media including the New York Times have been spreading allegations that we...

news digest

2007-09-19 00:00:00

Thai jet crash inquiry probes human error theory BANGKOK, Sept 18: Investigators probing the Phuket jet crash are looking into whether human error was mostly to blame for Thailand's worst air disaster in a decade that killed 89 people, media...

Strategic export target for this fiscal yet to be fixed

2007-09-19 00:00:00

Naim-Ul-KarimThe country's strategic export target for the current fiscal is yet to be set even after the expiry of more than two months following the announcement of national budget for the financial year (FY) 2007-08.The state owned agency -- Export...

Exim Bank to offer interest-free loan for poor, meritorious students

2007-09-19 00:00:00

Jasim Uddin HaroonThe Exim Bank, a third generation bank, is stepping forward with its innovative financial product - interest free education loan - for the country's insolvent students.The bank will launch the first-ever product just after Eid.Chairman of the Exim...

Speakers for extracting coal from N region to set up coal-fired power plant there

2007-09-19 00:00:00

Our CorrespondentRANGPUR, Sept 18: Speakers in a day-long seminar here on Wednesday last recommended extraction of coal from northern region immediately and setting up of a coal fired power plant to reduce power shortage in the northern region as well...

Warid Telecom awards handsets to winners

2007-09-19 00:00:00

FE ReportWarid Telecom recently handed over mobile handsets to winners of its gratification campaign for the prepaid Zem subscribers. Muneer Farooqui, CEO of Warid Telecom, along with other officials of the company, gave away handsets and gift-hampers to the winners...

RCCI urges businesses to use energy saving light bulbs

2007-09-19 00:00:00

Our correspondentRAJSHAHI, Sept 18: The executives of Rajshahi Chamber of Commerce and Industry (RCCI) have requested through posters and advertisements the business communities of the district to use energy saving bulbs to save electricity.Recently the top ranking officers of the...

BB, DBH sign refinanced home loans disbursement deal

2007-09-19 00:00:00

FE ReportDelta Brac Housing Finance Corporation Limited (DBH) has recently signed a participation agreement with the Bangladesh Bank (BB) in order to start providing home loans under the newly introduced BB Refinance Scheme for Housing Sector (RSHS). Thus DBH, the...

Ehsanul Haque joins IDCOL as ED & CEO

2007-09-19 00:00:00

FE ReportM Ehsanul Haque joined Infrastructure Development Company Limited (IDCOL) as its executive director (ED) and chief executive officer (CEO) recently. Prior to this, Haque, a career banker, worked as the CEO and managing director of BRAC Bank Ltd.Later, he...

Bangladesh Hats & Bags banglalinked

2007-09-19 00:00:00

FE ReportBanglalink has recently signed a corporate agreement with Bangladesh Hats and Bags Manufacturers Ltd under its 'enterprise package', said a press release.Bangladesh Hats and Bags Manufacturers Ltd-- a leading export-oriented manufacturer operating from the Chittagong Export Processing Zone- will...

StanChart buys AEB for $860m

2007-09-19 00:00:00

LONDON, Sept 18 (Reuters): Asia-focused bank Standard Chartered (StanChart) Plc said Tuesday it is buying American Express Bank (AEB) for about $860 million to help "turbo charge" the growth of its recently launched private banking business. Standard Chartered said the...