GENEVA, Nov 13 (AFP): The World Trade Organisation (WTO) warned yesterday that the financing of global commerce is "deteriorating" amid the financial crisis and the situation is likely to worsen over the coming months. "The market for trade finance has...
LONDON/TOKYO, Nov 13 (Reuters): Germany has fallen into recession and China industry output growth dropped to its lowest in seven years, data showed Thursday, reinforcing fears the financial crisis is plunging the world into a painful downturn.The impact of the...
TOKYO, Nov 13 (AFP): Japan's economy faces a long slump because of the global financial crisis, a member of the central bank's interest rate-setting committee warned today. The financial is curbing economic growth, "putting the Japanese economy on the brink...
SEOUL, Nov 13 (AFP): South Korea today announced new steps to stablise its markets, including a 16-billion-dollar cash injection for firms suffering from tight trade financing. The Bank of Korea promised to give loans worth 10 billion dollars to small...
SINGAPORE, Nov 13 (AFP): World oil prices continued lower in Asia today with traders worried by falling demand during the global financial crisis. In afternoon trade, New York's main futures contract, light sweet crude for December delivery, fell 1.24 dollars...
TOKYO, Nov 13 (AFP): The yen lost ground in Asia today, giving back some of the previous day's strong gains that were sparked by news Washington is scrapping a plan to buy up toxic mortgage debt. The dollar rose to...
WASHINGTON, Nov 13 (AFP): The White House refused to say yesterday whether or not it considered troubled US auto giants seeking US government help to be too important to the US economy to be allowed to fail. Asked several times...
Asian Paints (Bangladesh) Ltd arranged a colourful children's art competition titled "Color of Young Minds" for the first time at Bangladesh International Tutorial (BIT) held in the city recently, says a press release. The purpose of the competition based on...
FE ReportBrummer & Partners, a Swedish hedge fund manager, has chosen Bangladesh as a safer place for investment in the prevailing global financial downturn as it expects the region to ride out the global economic recession.The largest Swedish hedge-fund manager,...
FE Report The inter-bank call money rate remained steady Thursday despite withdrawal of large amount of cash from the market. The US dollar, on the other hand, posted visible gain against Bangladesh taka (BDT) in the inter-bank foreign exchange market...
Our CorrespondentJESSORE, Nov 13: Bangladesh Export Processing Zone Authority (BEPZA) has taken steps to launch an agricultural processing unit at Shantala on the outskirts of the town. The unit will help strengthen vegetable production in Jessore. Jessore is now producing...
Paul J Heytens, new country director of Asian Development Bank (ADB) in Bangladesh, visited the Local Government Engineering Department (LGED) head office in the city Thursday.LGED Chief Engineer Md Nurul Islam welcomed Heytens at an informal meeting and introduced the...
FE Report Janata Bank Limited has taken up step to open an NRB branch at Motijheel in the city targeting Non-Resident Bangladeshis (NRB) who have achieved success in their respective fields.The decision came at a bilateral discussion between Janata Bank...
Masihul Huq Chowdhury has joined ICB Islamic Bank Limited as Managing Director and Chief Executive Officer, says a press release. Prior to this new assignment, he delivered same responsibility in Industrial Promotion Development Company of Bangladesh (IPDC).Masihul Huq has vast...
Our CorrespondentCHITTAGONG, Nov 13: Fish import from Myanmar has resumed through Teknaf landport after the suspension for around a month.Sources said, clearing of 100 tonnes of fishes, the first consignment of the local importers since the stoppage, began Sunday last.VAT...
FE ReportACI Formulations Limited and Shinepukur Ceramics Limited will make debut on November 18 in the country's bourses under direct listing regulations.The two issues will be the first private companies to be traded under direct listing regulations after five-state owned...
Managing Director of Mutual Trust Bank Ltd (MTB) Kazi Md Shafiqur Rahman was awarded with Nawab Sir Salimullah Foundation gold medal in the city recently, says a press release.The foundation awards gold medals and certificates among the personalities who have...
Our CorrespondentMADARIPUR, Nov 13: A large number of fishermen are still catching hilsa fish from the rivers Padma and Arial Khan defying official ban.A seven-month ban on the fishing of hilsa fry in all the hilsa resourceful regions of the...
Bangladesh Krishi Bank (BKB) held a conference for its branch managers and field officers of Sylhet and Sunamgonj regions recently, says a press release.BKB Managing Director Mukter Hussain spoke as the chief guest at the conference. Chief Regional Manager of...
Bangladesh Women Chamber of Commerce and Industry (BWCCI) in cooperation with The Centre for International Private Enterprise (CIPE) organised a quarterly national coalition meeting for the first Women's National Business Agenda on November 12, 2008 at a hotel in the...
Citibank, NA Bangladesh inaugurated their refurbished Offshore Banking Unit (OBU) Service Office at Savar EPZ services complex Thursday, says a press release. This office will allow Citibank to cater to the special banking needs of the business enterprises located at...
A three-day photo exhibition titled Skill Development: Creating Jobs, Building Lives was inaugurated at the Drik Gallery in the city Thursday.Managing Director of AK Khan and Company Limited and Co-Chairperson of the Executive Committee of National Skills Development Council Salahuddin...
Renata Limited, a local pharmaceutical company, has entered into the UK market.The first shipment of medicines of the company was sent to the UK on Tuesday, said a press release. The Potent Product Facility (PPF) of the company received accreditation...
DividendsAzadi Printers: The board of directors of Azadi Printers has recommended 15 per cent cash dividend for the year 2007-2008. Other information relating to the annual general meeting (AGM) will be notified later. There will be no price limit on...
KABUL, Nov 13 ( Agencies): At least 20 civilians and an American soldier have been killed in a suicide car bomb attack against a US convoy in eastern Afghanistan, officials said. The attack happened at a market near Jalalabad, the...
PESHAWAR, Nov 13 (Reuters): Gunmen kidnapped an Iranian diplomat in northwestern Pakistan's Peshawar Thursday, officials said, soon after a US aid worker was killed in a city hit hard by an Islamist insurgency spreading from Afghanistan. The diplomat's driver was...
WASHINGTON, Nov 13(AFP): An army of top-notch specialists is set to fan out across US government agencies to delve deep into the records and prepare for the arrival of president-elect Barack Obama on January 20. Facing two wars and the...
Iran says it has successfully tested a new long-range surface-to-surface missile that is capable of hitting targets in Europe, reports BBC .Known as the Sajjil, it was described on state TV as a high-speed, solid-fuel missile with a high level...
SEOUL, Nov 13 (Reuters): North Korea may be hoping to squeeze concessions from the international community by refusing to let inspectors remove samples from a plutonium-producing nuclear plant, the South's foreign minister said Thursday.South Korea's top nuclear envoy was quoted...
Carrying extra fat around your middle dramatically increases your risk of early death, even if your overall weight is normal, say researchers, reports BBC.A study of almost 360,000 people from nine European countries found waist size a "powerful indicator" of...
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