BERLIN, Oct 12 (Internet): Developed countries should do more to help Africa in the turbulent economic climate and not just "look after themselves," Germany's executive director at the World Bank said Saturday.Michael John Hofmann told the German radio station Deutschland...
PARIS, Oct 12 (AP): European leaders meet Sunday in search of a common response to a spreading financial crisis that has ricocheted across the Atlantic to their shores and to try to preserve the bloc's unity.It could be a complex...
WASHINGTON/CANBERRA, Oct 12 (Reuters): Rich nations rushed to shore up the global financial system after the International Monetary Fund (IMF) warned of meltdown, with Australia and New Zealand guaranteeing bank deposits and newspapers reporting plans for Britain's biggest retail bank...
WASHINGTON, Oct 12 (Internet): As wealthy nations deal with their own struggling economies, the World Bank launched a new fund Saturday to help emerging countries trade lessons amongst themselves.The new programme was described as a "simple, low cost" means of...
BEIJING, Oct 12 (Reuters): China will maintain flexible and prudent macro-economic policies and seek to expand domestic demand in the face of a grim international economic environment, the country's ruling Communist Party said Sunday.A meeting of the party's central committee...
WASHINGTON, Oct 12 (Reuters): Italy will push for broadening membership in the Group of Seven (G7) when it takes over leading the rich nations' club next year, Italian Economy Minister Giulio Tremonti pledged Saturday.Tremonti said he also wanted to see...
HONG KONG, Oct 12 (AFP): Asian currencies ended the week mainly down against the US dollar-with the notable exception of the Japanese yen-amid a flurry of high-level government meetings on the ongoing world market turmoil. JAPANESE YEN: The Japanese yen...
Our CorrespondentNILPHAMARI, Oct 12: Production of environment-friendly bio-gas from cattle dung is still neglected in the northern region. Bio-gas, a renewable source of energy, can be used as fuel for cooking, lighting, running vehicles and generators etc. Sources said, bio-gas...
WASHINGTON, Oct 12 (AFP): The OPEC cartel called yesterday for tougher regulations to reduce the impact of speculative investment in the oil market which it blames for the huge volatility in crude prices. Oil peaked at a record high above...
SINGAPORE, Oct 12 (Xinhua): Singapore's Minister Mentor Lee Kuan Yew said on Friday the Indian and Chinese currencies will be important world currencies in 10 to 30 years and a rethinking of the international financial system will be needed. According...
YANGON, Oct 12 (Xinhua): More regional companies will launch a hydropower project in Myanmar's southern Tanintharyi division, the state-run newspaper New Light of Myanmar reported today. Under a memorandum of understanding (MoU) signed recently in Nay Pyi Taw between the...
Executive Director of Daffodil Institute of IT (DIIT) Mohammad Nuruzzaman attended the 11th International Conference on Quality Engineering in Software Technology (CONQUEST-2008) held at Potsdam Chamber of Commerce and Industry in Berlin, Germany recently, says a press release.Nuruzzaman was one...
Korean investors will expand trade and commerce with Bangladesh and establish coal-based power plant, fractionation plant, build new gas pipe line, CNG stations and develop energy sector, says a press release. Managing Director of Intraco Group Mohammad Riyadh Ali and...
FE Report A total of 58 companies are expected to take part in this year's 'REHAB Housing Fair' to be held in New York and Florida of the United States later this month. Real Estate and Housing Association of Bangladesh...
FE Report The inter-bank call money rate lost ground slightly Sunday because of sufficient flow of cash. The US dollar, however, remained unchanged against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to modest demand for the greenback,...
DETROIT, Michigan, Oct 12 (AFP): US automaker Chrysler considered several new partnership options Sunday, including mergers with Renault-Nissan and General Motors, industry and union officials said.Two sources, one an executive at a rival company and another a key official from...
The first flyover in Chittagong city is going to be constructed with RubyCement. Bengal Development Corporation Ltd, a sister concern of Islam Group, is the construction contractor of the elevated road, says a press release.Bengal Development Director Badrul Hasan Khan...
KUWAIT CITY, Oct 12 (AFP): Stock markets in the energy-rich Gulf states opened the week's trading Sunday sharply down with the Dubai Financial Market shedding 6.0 per cent.The Saudi bourse, the largest in the Arab world, also continued its slump,...
Al-Arafah Islami Bank to enhance authorised capitalThe authorities of Al-Arafah Islami Bank Limited have stated that the board of directors of the bank has decided to enhance the existing authorised capital of the bank from Tk 2.50 billion to Tk...
JERUSALEM, Oct 12 (AFP): Israel's main stock index dived 7.68 per cent Sunday when the Tel Aviv Stock Exchange opened after a four-day holiday weekend and a 45-minute delay enforced after a sharp drop in preliminary trading.The TA-25 index, which...
SEOUL, Oct 12 (Reuters): Hyundai Motor Company, South Korea's top auto maker, is unlikely to meet its US sales target for this year as the US financial crisis hit demand in the world's top auto market, a company president said.Hyundai,...
FE Report Nokia and the Center for Cancer Prevention & Research (CCPR) have jointly announced the start of a nationwide breast cancer awareness campaign and free screening programme Sunday. In Bangladesh, CCPR intensified its initiatives to raise awareness about the...
Badiur Rahman has been elected chairman of Al-Arafah Islami Bank Limited for the next one year (October 11, '08 to October 10, '09). He was elected unanimously at the 170th meeting of the board of directors of the bank in...
The quarterly managers' conference and eid reunion of the Premier Bank Limited was held in the city recently, says a press release. Vice Chairman of the board of directors of the bank BH Haroon was present as the chief guest....
A 140-member contingent of the Bangladesh police will join the United Nations peacekeeping mission in East Timor, reports UNB.Of them, the first group of 70 policemen, led by Police Super Tanvir Haider Chowdhury, reached East Timor Friday night by a...
RAJSHAHI, Oct 11 (UNB): The posts of headmaster in 10 secondary schools in Puthia Upazila of the district have been lying vacant since long hampering educational activities.Local Education office said the posts are lying vacant in Pocha Maria High School,...
BRAHMANBARIA, Oct 11 (UNB): The district jail could not be shifted to the newly constructed building, due to shortage of manpower.Prisoners are living in a subhuman condition in the old jail as three or four times more prisoners are living...
JHENIDAH, Oct 11 (UNB): Two terrorists were killed in a shootout with police at Kadamdi in Shailakupa Upazila early Saturday.The deceased were Maruf Hossain (40) of Beparipara in the town and Enamul Haque (38) of Harinarayanpur village in Kushtia Sadar...
Our Correspondent JOYPURHAT, Oct 11: Five persons were killed and 75 others injured in a road accident at Nimtoli of Khetlal Upazila under Joypurhat district Friday night. According to the Joypurhat police, the accident occurred when the driver of a...
MYMENSINGH, Oct 11 (UNB): A man was arrested along with nine and half sacks of rice allocated under VGF programme from Ghoshgaon Bazaar in Dhobaura upazila Friday morning.Local people caught M Mofizuddin (50) of Jigatala village of the upazila when...
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