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Wrong way to cheer up

2008-10-28 00:00:00

THE fate of the last test match that was earlier scheduled to take place in Dhaka between Bangladesh and the visiting New Zealand in Dhaka is now known. Inclement weather has made afoul of it. It would have been a...

Consequences of fear of recession

2008-10-28 00:00:00

Syed JamaluddinGROWING warnings of global recession and the expectation of more interest cuts triggered turmoil on the currency markets and sharp falls on stock exchanges. The British pound fell to a five year low against the dollar as Prime Minister...

A pen friend lost and at last found

2008-10-28 00:00:00

Maswood Alam Khan'A toy lost' is a painful experience we all must have endured in our childhood. 'A toy lost and then found' is a bliss every one of us had relished in our nursery days. Losing anything is painful...

US missile strike kills 20 in Pakistan

2008-10-28 00:00:00

A suspected US missile strike has killed 20 people, including a top Taleban commander, in north-west Pakistan, witnesses and officials say, reports BBC.Mohammad Omar was among the dead when the missile, reportedly fired by a pilotless US drone, hit a...

McCain doing fine, closes gap with Obama

2008-10-28 00:00:00

Republican John McCain has said his campaign to become US president is "doing fine" despite polls showing him trailing his Democratic rival.Speaking on NBC's Meet the Press nine days before the election, Mr McCain said he had closed the gap...

Israel poll bounce shows Livni leading Netanyahu

2008-10-28 00:00:00

JERUSALEM, Oct 27 (Reuters): Tzipi Livni has seen a sharp turnaround in fortunes for Israel's ruling Kadima party since she became leader last month and could now beat the right-wing opposition in a coming election, polls Monday indicated.Two newspaper surveys...

Syria condemns US raid inside its territory that kills 8 civilians

2008-10-28 00:00:00

Syria has protested angrily to both the US and Iraq after what it said was a US helicopter raid inside its territory that killed eight civilians, reports BBC.Syria summoned US and Iraqi envoys to condemn the "aggressive act". Iraq called...

Pope decries Christians' killings in Iraq, India

2008-10-28 00:00:00

VATICAN CITY, Oct 27 (AP): Pope Benedict XVI decried the killing of Christians in Iraq and India and appealed Sunday for political and religious leaders to defend them.In India, anti-Christian riots and rampages by Hindu extremists have claimed at least...

news digest

2008-10-28 00:00:00

Three killed in Baghdad road bombing BAGHDAD, Oct 27: A roadside bomb attack targeting a minibus killed three people and wounded five others in Baghdad on Monday, security officials said. The blast occurred on the main road in the southeastern...

Lithuanian opposition wins poll

2008-10-28 00:00:00

Lithuania's conservative opposition has come first in the country's general election, after making substantial gains in the second round of voting, reports BBC.Final voting figures showed the Homeland Union had taken a total of 44 seats in parliament, allowing it...

Suicide linked to brain changes

2008-10-28 00:00:00

The brains of people who commit suicide are chemically different to those who die from other causes, a Canadian study has suggested, reports BBC.Researchers analysed brain tissue from 20 dead people and, in those who killed themselves, they found a...

G7 vows unity as IMF agrees new rescue plans

2008-10-28 00:00:00

TOKYO, Oct 27 (AFP): The Group of Seven (G7) club of rich nations pledged today to cooperate to bring stability to battered global markets, where stocks buckled on fears government action will be too late to prevent a worldwide recession....

Japan to take fresh steps to shield its economy from global crisis

2008-10-28 00:00:00

TOKYO, Oct 27 (Reuters): Japan pledged fresh measures Monday to try to shield the world's second-biggest economy from the global financial crisis and said the Group of Seven (G7) would issue a joint statement on the yen.A flurry of comments...

'Gulf economies to grow at 'good rates' despite worst global turmoil'

2008-10-28 00:00:00

RIYADH, Oct 27 (Xinhua): Finance ministers and central bank governors from six oil-rich Gulf Arab nations met Saturday to examine the impact of the global financial turmoil on their economies and seek for a joint response. The policy-makers of the...

Indian economy bound to feel pain of raging turmoil 'sooner or later': PM

2008-10-28 00:00:00

NEW DELHI, Oct 27 (PTI): After brainstorming with top world leaders in Beijing on the raging financial turmoil, Prime Minister Manmohan Singh has cautioned that India's economy was also bound to feel the pain "sooner or later" as "we are...

S Korea makes largest-ever interest rate cut

2008-10-28 00:00:00

SEOUL, Oct 27 (AFP): South Korea's central bank today cut its key interest rate by 75 basis points, the largest reduction in the country's history, to try to protect its economy from the global financial turmoil. The Bank of Korea...

Brown hints at further joint rate cuts

2008-10-28 00:00:00

LONDON, Oct 27 (Reuters): British Prime Minister Gordon Brown has hinted at the possibility that lower inflation thanks to falling oil prices could prompt central banks around the world to make more joint interest rate cuts, the BBC reported."Now inflation...

Canada to follow US into recession

2008-10-28 00:00:00

OTTAWA, Oct 27 (Xinhua): The global economic crisis has already spread to "the real economy" of retail sales and the whole North America will inevitably head into a recession, prominent US economist and trader Dennis Gartman predicted yesterday. Unemployment in...

Yen soars, other Asian currencies down in turbulent week

2008-10-28 00:00:00

HONG KONG, Oct 27 (AFP): The Japanese yen ended the week at 13-year highs against the US dollar while other currencies fell against the greenback amid ongoing global market turmoil over a slumping world economy. JAPANESE YEN: The yen soared...

Bhola betel leaf producers need financial support

2008-10-28 00:00:00

Our Correspondent BHOLA, Oct 27: Betel leaf production in the district is facing a setback for capital shortage and lack of other supports. Sources said there are more than one thousand betel leaf growers in the district. Hundreds of bighas...

World oil prices lower in Asian trade

2008-10-28 00:00:00

SINGAPORE, Oct 27 (AFP): World oil prices weakened in Asian trade today with OPEC's decision to cut supply at a time of global financial turmoil seen as hurting already weak energy demand further, dealers said. New York's main contract, light...

Ambani siblings overtake Mittal in wealth erosion

2008-10-28 00:00:00

MUMBAI, Oct 27 (PTI): The focus is always on who is the richest among Ambani brothers and Lakshmi Mittal but Mukesh and Anil are ahead of the India- born steel tycoon in terms of losses suffered due to the global...

Prizes of Agora mega shopping offer distributed

2008-10-28 00:00:00

Agora, the largest chain supermarket of the country run by Rahimafrooz Superstores Ltd, distributed prizes among the raffle draw winners of the mega-shopping offer arranged on the occasion of its seventh founding anniversary.Rahimafrooz Superstores general manager Kishwar Imdad handed over...

UAE to boost information tech exports to Indian subcontinent

2008-10-28 00:00:00

DUBAI, Oct 27 (PTI): Dubai Export Development Corporation (EDC) organised a forum on the sidelines of technology exhibition (GITEX) to enhance the export opportunities of the Emirate's information technology services into South Asia. The forum, entitled 'Indian ICT Sector and...

India, Russia begin joint research work on gas hydrates

2008-10-28 00:00:00

NEW DELHI, Oct 27 (PTI): India and Russia have embarked upon a joint research programme to develop viable technology for harnessing gas hydrates, a compound material which is a potential source of energy and is found abundantly below seabed off...

EBF wants to promote local exports to European states

2008-10-28 00:00:00

FE Report Visiting leaders of European Bangladesh Federation of Commerce and Industry (EBF) said Monday that they wanted to promote Bangladesh's export to the European nations by concentrating on key markets and enhancing distribution networks.They also said they will explore...

Rice import from Myanmar on rise

2008-10-28 00:00:00

Our CorrespondentCHITTAGONG, Oct 27: Rice import from Myanmar is increasing through Teknaf landport where fish import has been stopped due to imposition of excess duties. According to the concerned sources, volume of rice import in the current month may exceed...

Call rate loses ground, dollar gains strength

2008-10-28 00:00:00

FE Report The inter-bank call money rate remained steady Monday although the central bank withdrew cash through reverse repurchase agreement (repo). The US dollar, however, posted gain against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to moderate...

Pubali Bank allocates Tk 1.0b for Sylhet SMEs

2008-10-28 00:00:00

Pubali Bank Ltd has allocated Tk 1.0 billion for small and medium entrepreneurs of Sylhet, says a press release. This was revealed at a discussion held between Pubali Bank Limited and Sylhet Chamber of Commerce and Industry held at the...

EBL opens new ATM booth at Chawk Mughaltuly

2008-10-28 00:00:00

Eastern Bank Limited (EBL) opened its 29th ATM booth at Chawk Mughaltuly, Rahmatganj in the city Sunday, said a press release. EBL acting Managing Director and Chief Executive Officer (CEO) Mamoon Mahmood Shah formally inaugurated the ATM booth at a...