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Sino-Brazilian trade hits $12b in first six months

2007-09-11 00:00:00

XIAMEN, Sept 10 (CEIS): Bilateral trade between China and Brazil hit 12 billion US dollars in the first half of this year, up 30.1 per cent from last year, the Chinese Ministry of Commerce said yesterday. This broke down into...

Japan's economy shrinks 0.3pc in quarter to June

2007-09-11 00:00:00

TOKYO, Sept 10 (AFP): Japan's economy contracted by 0.3 per cent in the three months to June from the previous quarter as firms cut spending on new factories and equipment, the government said today. Japan's gross domestic product (GDP) shrank...

NZ presses case for free trade deal with US

2007-09-11 00:00:00

WELLINGTON, Sept 10 (AFP): New Zealand Prime Minister Helen Clark pressed her country's case for a free trade deal with the US today, saying it would benefit both countries. Relations between the two countries have warmed in the last couple...

World business leaders eye mkt expansion in China

2007-09-11 00:00:00

DALIAN, Sept 10 (CEIS): World business leaders attending the Summer Davos in Dalian are seeking to expand their presence in China, which has seen booming economic growth for nearly three decades. US banking giant Citibank announced at the meeting it...

64m young L Americans lack decent work: ILO

2007-09-11 00:00:00

MEXICO CITY, Sept 10 (Xinhua): At least 64 million young people in Latin America and the Caribbean are unemployed or working in very precarious conditions, the International Labour Organisation (ILO) said in a Sunday report. Discrimination for politics, race, age...

Oil prices lower in Asia

2007-09-11 00:00:00

SINGAPORE, Sept 10 (AFP): Crude oil prices were lower in Asian trade today, one day ahead of a key OPEC meeting in Vienna, dealers said. New York's main contract, light sweet crude for October delivery, fell 15 cents to 76.55...

Chevron launches second phase of ALP

2007-09-11 00:00:00

FE ReportThe second phase of the Alternative Livelihood Programme (ALP), funded by Chevron Bangladesh, will take off this month to benefit over 700 more underprivileged families living near the Bibiyana gas field located in Nabiganj upazila of Habiganj district.Chevron Bangladesh...

Russia to introduce tax on grain exports

2007-09-11 00:00:00

MOSCOW, Sept 10 (AFP): Russia is set to introduce taxes of up to 25 per cent on grain exports, the Kommersant daily reported today quoting an official, but experts warned such a move would undermine struggling farmers. "The order to...

China's wholesale prices rise 2.6 per cent

2007-09-11 00:00:00

SHANGHAI, Sept 10 (AFP): China's producer, or wholesale, prices rose 2.6 per cent in August compared with a year earlier, the government said today, suggesting a slight up-tick in inflation. The monthly increase in the producer price index compared with...

Vietnam earns more from exports to APEC in first eight months

2007-09-11 00:00:00

HANOI, Sept 10 (Xinhua): Vietnam gained 25.4 billion US dollars from exporting products to members of the Asia- Pacific Economic Cooperation (APEC) in the first eight months of this year, posting a year-on-year rise of 23.8 per cent, and accounting...

Oil price danger looms over OPEC meeting

2007-09-11 00:00:00

VIENNA, Sept 10 (AFP): OPEC oil ministers arrive in Vienna today, under pressure to help combat high crude prices, which have surged to near-record highs and loom as a new risk for the global economy. The outcome is uncertain of...

China reaches world-class level in railway sector

2007-09-11 00:00:00

BEIJING, Sept 10 (CEIS): China has reached the world- class level in construction and management of the Qinghai-Tibet railway, said Railways Minister Liu Zhijun yesterday. In the past one year, the railway went through the test of seasonal changes and...

Dollar falls on worries over US economy

2007-09-11 00:00:00

TOKYO, Sept 10 (AFP): The dollar suffered fresh losses in Asian trade today after a surprise fall in US employment raised concerns that the world's largest economy is rapidly losing steam, dealers said. The dollar fell below 113 yen for...

Philippines expects 10 per cent rise in mango export

2007-09-11 00:00:00

MANILA, Sept 10 (Xinhua): The Philippines' Agriculture Department plans to raise mango exports by 10 per cent in 2007, through expansion of tropical fruits trade with China and Japan and opening-up the other emerging markets in Europe and Asia. The...

Sharif supporters, police clash in Pakistan

2007-09-11 00:00:00

ISLAMABAD, Sept 10 (Agencies): Pakistani police arrested key supporters of former premier Nawaz Sharif and clashed with around 100 others as they tried to reach Islamabad airport to welcome him on his return from exile. The activists from Sharif's faction...

Iraqi forces need more time, says Al-Maliki

2007-09-11 00:00:00

BAGHDAD, Sept 10 (Agencies): Prime Minister Nouri al-Maliki told lawmakers Monday that Iraqi forces were not ready to take over security from the US military across the country. There have been tangible improvements in security in the recent period in...

Toxic soy sauce, chemical veggies- food scares hit Vietnam

2007-09-11 00:00:00

HANOI, Sept 10 (AFP): A frown crosses the face of Nguyen Thi Huong as she peruses the fresh produce at a Vietnamese market -- a series of food scandals has left her worried about just what is safe for her...

Algerian group uses suicide bombers

2007-09-11 00:00:00

ALGIERS, Sept 10 (Agencies): When Algeria's Islamic militants dubbed themselves Al-Qaida in Islamic North Africa this year, it was more than just a name change: Fresh recruits also have been deployed in suicide bombings, a new tactic in the 15-year...

Ancient escape hatch found in Israel

2007-09-11 00:00:00

JERUSALEM, Sept 10 (Agencies): Under threat from Romans ransacking Jerusalem 2,000 years ago, many of the city's Jewish residents crowded into an underground drainage channel to hide and later flee the chaos through Jerusalem's southern end unnoticed. The ancient tunnel...

Abbas-Olmert begin talks in Jerusalem

2007-09-11 00:00:00

JERUSALEM, Sept 10: (AFP): Israeli Prime Minister Ehud Olmert and Palestinian president Mahmud Abbas began a new round of talks on Monday ahead of an international peace meeting later this year. Abbas's motorcade arrived under heavy security at Olmert's residence...

Four family members killed in Mogadishu mortar attack

2007-09-11 00:00:00

MOGADISHU, Sept 10, 2007 (AFP): Four people were killed and eight others wounded when a mortar crashed into a house in the Somali capital, where the government is battling insurgents, witnesses said Monday. The mortar hit the house near the...

news digest

2007-09-11 00:00:00

US sex suspect agrees to extradition HONG KONG, Sept 10: One of the United States' most wanted sex suspects agreed Monday to be extradited from Hong Kong, a court here heard. Kenneth Freeman, who is accused of raping his daughter...

Thai investors for relocating textile, ceramic industries to Bangladesh

2007-09-11 00:00:00

FE ReportA number of Thai companies are keen to relocate textile and ceramic industries and invest in some other potential sectors in Bangladesh, the Ambassador of the Kingdom of Thailand in Dhaka said."We are also encouraging our business community to...

Shahjalal Islami Bank provides Tk 450m loan to Essential Drugs

2007-09-11 00:00:00

FE ReportAn agreement was signed between Shahjalal Islami Bank Limited (SJIBL) and Essential Drugs Company Limited (EDCL) at its head office in the city Monday, said a press release.Under the agreement the bank will extend investment facility worth Tk 450...

HSBC holds trade seminar for customers on UCP 600

2007-09-11 00:00:00

FE ReportThe Hongkong and Shanghai Banking Corporation (HSBC) Ltd in Bangladesh arranged a trade seminar titled " UCP 600: Changes and Interpretations" at a local venue recently, said a press release. Head of Trade Services of HSBC Bangladesh Nazre Murshed...

IBBL holds meet of relief activities committee

2007-09-11 00:00:00

A meeting of the relief activities' conducting committee of the Islami Bank Bangladesh Limited (IBBL) was held in the city recently, says a press lease.Vice Chairman of the bank Zainul Abedin chaired the meeting. The meeting was attended among others...

UCBL approves 30pc stock dividend

2007-09-11 00:00:00

FE ReportUnited Commercial Bank Limited (UCBL) approved 30 per cent stock dividend (bonus share) for its shareholders from its profit of 2001 in the 19th annual general meeting (AGM) held at a city hotel Sunday, said a press release.UCBL Director...

CRAB organises discussion session

2007-09-11 00:00:00

FE ReportCredit Rating Agency of Bangladesh Limited (CRAB), a leading credit rating company of the country, organised a discussion session for its executives in the city recently, said a press release. Sadharan Bima Corporation Director and CRAB Technical Adviser AR...

Warid starts cricket quiz competition

2007-09-11 00:00:00

FE ReportWarid Telecom has launched a cricket quiz competition on the occasion of the ICC Twenty20 World Championships 2007, which will reward winners with exclusive Samsung handsets everyday, said a press release.Titled the "SIM Genie Cricket Quiz", the contest is...

ICB AMCL declares NAV of three mutual funds

2007-09-11 00:00:00

FE ReportICB AMCL, a subsidiary of the Investment Corporation of Bangladesh (ICB), has declared the net asset value (NAV) of its three mutual funds.The total net asset value (NAV) of ICB AMCL Islamic Mutual Fund stood at Tk 12,05,53,982.85 on...